Monday, 13 March 2017

胡立阳决战股市50招 (Hu Li Yang)

Loosely translated, the title is Hu Li Yang's 50 methods for battling the stock market. This is a follow-up to the author's earlier book (about 100 methods to deal with investing). The author, Hu Li Yang, is an Asian market guru who also has done many speaking engagements on the continent. The book covers additional rules and his tips for dealing with the stock market.

The book expands on his previous 100 methods. Hu employs more of TA than FA, though he does discuss FA occasionally. The examples here span the Asian markets (Taiwan, China, Hong Kong) but he also has examples from Nasdaq. The contents are varied and include his various rules and tips, such as "half" target prices, 6-month target durations, conditions for a trend to end, etc. This is a very good summary of trading tactics which can be used to complement a reader's own methods or to improve investment timing. Hu looks at conditions both at a macro and micro level. There are charts but they are not necessary reading because his tips are more conceptual in nature.

As a side comment, Hu's style brings to mine the box theory of Nicholas Darvas.

Although  written in traditional mandarin, it is easy to read and a Chinese reader unfamiliar with the Chinese terms can quickly guess the English equivalent. The 50 tips are like a Q&A with each method starting with a question from a reader/fan on how to apply Hu's "wisdom". Hu writes in a very conversational style peppered with analogies. Examples include the "little chicks following the hen (market leaders)", getting on and off the bus and a trading trend duration being likened to a fish dish. You don't often see a humorous TA book in the market.

Readers do not need to read his first book to understand this one, but chronological reading may aid appreciation.

Recommended: Yes

Found in NLB: Yes