Author: Guppy
Private trader and best-selling author, Daryl Guppy was introduced to the book of The 36 Strategies of the Chinese by a friend. An ancient and classic text, it is a compilation of political and military strategies dating back more than 1800 years, drawn from classic Chinese poetry, history, philosophy, biographies and novels. In this fascinating book Guppy explains how The 36 Strategies of the Chinese can be applied to trading financial markets. They are appropriate for financial trading because in trading there is rarely a single answer to any trading situation. The best answer, and its effective application, depends on the trader. The strategies by themselves do not guarantee success. The trader? skill in analysing and assessing the situation determines how effective he/she is in selecting and applying the right strategy. This is a book about trading techniques. It includes specific methods for trading the market, including reading the order line information, understanding the behavior of market makers and integrating news events into price activity. The 36 Strategies of the Chinese for Financial Traders follows the structure of the original 36 Strategies of the Chinese. The first 18 strategies are applied when you have the advantage ?the luxury of time and resources to examine techniques to recognise and maximize the return from these trading opportunities. The second 18 strategies are applied when you are at a disadvantage ?they are strategies used against the trader to inhibit success. Many of the strategies are enhanced, or in some cases, only made possible by using derivatives. These derivatives can be a traders best friend ?or their worst enemy. Derivatives such as warrants and CFDs are not ordinary shares. Traders who find success elusive when trading ordinary shares are most unlikely to suddenly become successful trading derivatives. ?6 Strategies of the Chinese are strategies for success in financial markets and I encourage you to use these observations to improve your trading activity,?Daryl Guppy.