Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Daryl Guppy Interview Transcript

Daryl Guppy Interview Transcript

Ratings: (0)|Views: 101 |Likes:
Published by David Jenyns
Daryl Guppy is founder and Director of www.guppytraders.com Pty Ltd. He is an active private position trader trading equities and associated derivatives markets. His most recent book is The 36 Strategies of the Chinese For Financial Traders. He is the author of several books including Share Trading and Trading Tactics and Bear Trading and Chart Trading (Also available in Chinese as ) and Trading Asian Shares and Market Trading Tactics and Better Trading and Better Stock Trading (Also available in Italian as Lo specialista del Trading.) Snapshot Trading examines short term trading strategies. (Available in Chinese early 2008) Trend Trading has become a best seller and is available in a Chinese language edition published in Beijing.
Daryl Guppy is founder and Director of www.guppytraders.com Pty Ltd. He is an active private position trader trading equities and associated derivatives markets. His most recent book is The 36 Strategies of the Chinese For Financial Traders. He is the author of several books including Share Trading and Trading Tactics and Bear Trading and Chart Trading (Also available in Chinese as ) and Trading Asian Shares and Market Trading Tactics and Better Trading and Better Stock Trading (Also available in Italian as Lo specialista del Trading.) Snapshot Trading examines short term trading strategies. (Available in Chinese early 2008) Trend Trading has become a best seller and is available in a Chinese language edition published in Beijing.

More info:

Published by: David Jenyns on Jun 08, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

06/08/2011

pdf

text

original

 
 
1
 
 
2
 
Name:
Daryl Guppy
Industry:
 Trading
Website:
Daryl Guppy’s Bio:
Daryl Guppy is ounder and Directoro www.guppytraders.comPty Ltd. He is an active private position tradertrading equities and associated derivatives markets. His most recent book is The 36 Strategies o the Chinese For Financial Traders. He is the authoro several books including Share Trading and Trading Tactics and Bear Trading and Chart Trading (Also available in Chinese as ) and TradingAsian Shares and Market Trading Tactics and Better Trading and BetterStock Trading (Also available in Italian as Lo specialista del Trading.)Snapshot Trading examines short term trading strategies. (Available inChinese early 2008) Trend Trading has become a best seller and is availa-ble as. in a Chinese language edition published in Beijing.He developed the Guppy Multiple Moving Average Indicator which is in-cluded in Metastock, OmniTrader and other charting programs. He deliv-ers accredited courses or the Singapore Stock Exchange and Society o Remisiers, Singapore. He isan appointed oundation member o the Australian Government Shareholders and Investors Advi-sory Council. He is a regular technical analyst commentator and guest host on CNBC Asia Squawk Box.As a technical trader he relies mainly on chart and live market inormation to make trading deci-sions. He is the publisher o a weekly Internet newsletter Tutorials in Applied Technical Analysis,which explains technical analysis techniques and shows how they are applied to current markets. There are Australian, and Asia & China and India editions o the newsletter, with each concentrat-ing on local market solutions and trading education.He is a regular contributor to the Sydney Futures Exchange magazine, Your Trading Edge, the UStrading magazines Technical Analysis o Stocks and Commodities, Active Trader, Working Money,Bridge Trader, Australia’s Shares and Personal Investment magazines, Singapore’s Smart Investormagazine and The Edge business weekly and Personal Money in Malaysia. He has a regular col-umn in China’s Weekly On Stocks magazine and in Shanghai Securities News. (Chinese languageonly) He also contributes to Poland’s Proessionally Investor and provided sector analysis on theSingapore, Hong Kong, Malaysia and Philippines markets or i-invest handbooks.
Interview Transcript Below. 
David Jenyns:
Hi guys, David Jenyns here romwww.meta-ormula.com. I’m extremely lucky andhonoured today to be interviewing one o my personal mentors. I’ve watched Daryl’s work or avery long time. I you don’t know who Daryl Guppy is you must be hiding under a rock. I youcheck out his bio page it’s unbelievable. He’s written so many books. I think the latest one is The36 Strategies o the Chinese or Financial Traders. That’s the most recent one. I love also there’s Trend Trading, there’s Share Trading, Bear Trading, so many diferent books. He’s a contributor innumerous trade journals. He’s a regular contributor to CNBC in China, is it?
Daryl Guppy:
It comes out o Singapore but it goes globally through to the US and Europe as well.
Page2
 
Dary Gruppy
 
 
3
 
David Jenyns:
Yes, so suce to say Daryl really knows his material and we’re very lucky to grabhim. He’s actually in Melbourne just or a short time or the Traders’ Expo and I thought I’d take theopportunity and see i I could get some questions answered or you guys, so thank you or joiningus.
Daryl Guppy:
No problems.
David Jenyns:
I’ll dive straight in, Daryl. I suppose one thing I’m trying to work with helping trad-ers achieve is designing a trading system that really matches their style. A lot o people are ndingthe stumbling block in that they still don’t know what a complete system looks like. I know youtrade using various strategies but i we try to just isolate one o the trading systems that you useand i we could talk through the process o what makes up this trading system. Maybe startingwith the market, maybe we start picking a market and go rom there?
Daryl Guppy:
Well that’s always the important point. What you do is you pick the sort o oppor-tunity. All o us are accustomed or comortable with particular types o opportunity. That might bethat you’re happier to be an intra day trader or a short term trader or a break out trader or a trendtrader or a position trader that you wanted to join in anticipation o the market changing or aterthe market’s changed.So you’ve got to identiy where you’re comortable or a start because that’s the important point.It’s not nding a system or designing a system, what’s important is that you have to create an ap-proach that is appropriate or the current market conditions. So i you’re trying to use what youused in 2006 or 2007 now, you won’t have any success. I you try and use what you used in 2008and apply that now it won’t have any success. Some o it will succeed but most o it won’t.So there’s always a challenge to adapt and adjust your trading style and approaches to suit themarket conditions. The big thing that came out o 2008 was a signicant change in the nature andthe character o the market. The market has become much more volatile. We still have what wecall an underlying secular trend, so it’s still going up broadly or down broadly but there are lots o what we call volatility wipes. So you’ll get days where the market will move three or our or ve orten per cent.Go back to 2006. The Dow did a 3% rise, it was all over the ront page o the newspaper. It wasmassive headlines, we all sat back in shock. Three percent now, that’s not particularly important.So these are giving us massive wipes in trend trades, in break out trades, so you have to adjustwhat you’re doing to what the market is telling you that you must do. Now there are times whenyou will not be able to trade that market, where your particular comort isn’t anywhere near whatthe market’s doing. It’s a good time to take a holiday. But when the market comes back and givesyou the sorts o opportunities that you can take advantage o, that’s the time to come back in.
David Jenyns:
I think the hard thing that a lot o traders have is identiying, ok, well that market’schanged and they’ve read all the books and they hear you need to have a trading plan, you needto be ollowing your trading plan. When you’re at a point o indecision, that’s when you revertback to your trading plan. How can you build something into your trading plan that allows orchange? You want to ollow your rules, but ok, the market conditions have changed.
Daryl Guppy:
The rules are independent o the market conditions. So the rules are relatively sim-ple, and that is, you don’t lose money. I you’re going to lose money, you lose a very small amount.
Page3

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->