Trend Trading: A Seven Step Approach to Success

by Daryl Guppy

If you have no time to follow the market closely, then Trend Trading is the book for you. Trend trading is one of the most effective and easy-to-use methods for making money in the market. Success depends on identifying the trend with confidence and catching the trend after it has started, and on getting out as soon as possible after the uptrend turns into a downtrend. The book examines in detail the steps in finding, assessing, selecting, managing and monitoring a long-term trend trade. These are proven, successful methods which are easy to understand and apply. Included are the most recent updates and developments in using the count back line and the Guppy Multiple Moving Average. Daryl Guppy also includes a practical look at setting stop loss conditions to protect capital and profits, and a bonus section on Darvas-style trend trading which is the first significant update of this technique in forty years. Trend Trading shows readers how to use and apply the analysis tools to find effective long-term trades. These can be applied to any group of selected stocks, whether chosen on fundamental criteria, from stock tip newsletters, or found using database technical scans. From this starting point, Guppy shows how the better trades are identified, how risk is managed, and how the trades are closed successfully. The book includes examples of Daryl's personal trades.

Genres: Nonfiction

448 pages, Paperback

First published May 1, 2004

Reviews

[Gurmukh Sandhu · Rating 3 out of 5]

Interesting concepts like GMMA, CBL..

[Leone · Rating 3 out of 5]

Didn't quite finish.

[Jorge Dardon · Rating 1 out of 5]

Excellent. Simply written although it does have some unnecessary repetition built in. it presents interesting concepts that I found very useful in determining the believability of a trend.