Bøker av Tony Pow

You need a trading system (same as strategy) to make money for trading for a few stocks or hundreds of stocks a year. It will give you rules to enter a trade and to close a trade. In addition, it gives you suggestions to monitor your trades and how to protect your portfolio. As of this writing (August, 2020), the market has been making records many times. Any trading system betting the market to go up should make you good money. We are in a bull market! From my market evaluation, the trend is up but not the fundamentals. When the trend is reversed and it will, we could be in a bear market. That's why I have a full book (included in this book) on how to time the market. It works in the last two market crashes, and hopefully it will predict the next one. No one can predict the exact time. A trading system for a bull market is different from one in the bear market (using contra ETFs, shorting stocks and trading put options). A sideways market needs another trading system. This book includes many strategies to deal with different markets. Your trading system can be tailored to your requirements and objectives. Starters should stick to one strategy, and hopefully select the strategy that is appropriate in the current market conditions. I categorize the strategies of this book into the following three: Short-term trades (less than a month). It includes Technical Analysis, Momentum Investing, Insider Trading and a few other strategies.Swing trades (from one to 6 months and typically one month): Sector Rotation.Long-term trades (typically a year). Many strategies from conservative strategies to riskier strategies.Included are supporting books (same as major sections): Book 5: Common Tools, Book 6: Finding Stocks, Book 7: Evaluating stocks, Book 8: Trading Stocks, Book 9: Market Timing, Book 10: Monitoring and Test Strategies, Book 11: Economy and a Bonus. Size: 445 pages (6*9).Last update: 04/2022.

This book includes articles for beginner investors and advanced beginners selected from my book "Complete the art of investing".This book represents decades of my investing experiences, extensive simulations and summaries of hundreds of books I have read on investing. I also have found that many ideas / strategies are no longer applicable in today's market. Hence, I only include those proven techniques that work better in today's stock market and/or available today.This book should make you a better investor. With proven, step-by-step techniques to time the market, find and evaluate stocks, it is closer to the Holy Grail of investing for beginners.I also explain why you need to invest for yourself and why a beginner can beat a fund manager due to their required limitations/restrictions and hefty fees.This book covers most topics on basic investing excluding speculative investing such as options, currency trading and day trading. It is far better to be a turtle investor than making millions and losing it all.This book has about 200 pages (6 inches*9 inches). I provide two tables for selected articles respectively for beginners and advanced beginners. This book consists of 7 books (major sections).The first book gives you the motivation to read this book by listing my performances and also my mistakes in "My trading in 2019" in the bonus section. You have the better chance to repeat these performances than I as most of you start earlier than I. "Beginners (with Common Tools)" describes the advanced features of this book in the simplest and the least time-consuming techniques. Even advance users could find some shortcuts. Most of the tools are free from the web sites described. We start with the basic books Finding Stocks, Evaluate Stocks, Trading Stocks and Market Timing. The simple technique on market timing has worked for the last two plunges (2000 and 2008) with only one false signal (telling you to exit but reentering the market shortly) between 2000 and 2010. It has been working fine from 2000 to 2020.A strategy describes how to screen stocks, evaluate them, buy them and sell them. I selected the safer strategies for beginners that include swing trading, top-down, and dividend investing and simple sector rotation. Selecting the right strategy for the current market conditions is not easy but yet very rewarding.Many older teachings even from famous investors do not work in today's market judging from their recent mediocre performances. Also, it could be that there are too many followers and/or the metrics are not applicable to today's market.Most likely for luck but with good reasons, I predicted correctly that a disaster would happen in China as reported in August, 2019 in my article "Disasters in 2020" in the Bonus Section. The second prediction has not happened yet, but it could have more impact to our economy.The third prediction: China would not agree to pay for the damages of this pandemic and that would lead to the freezing of their debts to us (1.07 T as of Dec., 2019). Eventually it would lead to a military war. I hope it would never happen.Size: 225 pages (6*9)Initial date: 07/2020.Last update: 01/2021.

Most of my profits in investing are made using the strategy of Swing Trading using fundamentals. Defined by me, Swing Trading is holding the bought stocks for about six months. This book includes several strategies and market timing.At the end of the holding period, evaluate the stocks again to determine whether you want to sell it or keep it longer. Last year, most of the stocks are kept for about a year, so they are qualified for the better tax treatment as long-term capital gains in my taxable account.These stocks should be fundamentally sound (i.e. value stocks). Hence they need at least six months for the market to realize their values. Select the holding period that fits your objective. After six months, the fundamentals of the company, the sector that the company belongs to and/or the market may change. Hence, we need to evaluate and decide the 'buy/hold' decision. Sometimes, you may want to raise cash to buy another stock that has more appreciation potential than a stock you own. Churning the portfolio improves the quality of your portfolio. When the market is going to plunge, do not buy stocks. I have a simple technique to identify market plunges. It depends on stock data, so it will not identify the peaks and the bottoms precisely, but it will spare you for further losses and will instruct you when to reenter the market. It worked for the last two market crashes. It will detect the next crash, and hopefully it will give us enough time to react as the last two.After we have decided that the market is not risky, screen stocks for further evaluation. I use fundamental metrics to screen stocks. Then look for intangibles and do a thorough qualitative analysis on each screened stock. There is no magic formula, but due diligence will pay off in the long run. This book does not promise overnight wealth as promised by many others. This book is intended for a retail investor and I am one myself. It is not written by a journalist who may never make a buck in the market.I have conducted exhaustive simulations to back-test these strategies over the past 12 years. I am not a writer but a retail investor similar to most of my readers. I've been making a comfortable living via my investment ideas that I'm sharing in this book. Last Update: 01/2021. Size: 55 pages (6*9)

The definition of swing trading varies from different folks. Basically it is not "Buy and Hold". Most well-known companies have great returns in the first ten years, but not the second ten years. If you follow this strategy, use "Buy but Not Forget". Holding index ETFs is better than "Buy and Hold" as they replace better stocks once or so a year. However, an index ETF may hold too many bubble stocks.We exit the market when the market is plunging and reenter afterwards as indicated by my simple technique. To me, "Buy and Hold" has been dead since 2000 as illustrated by the fewer articles praising it after 2000. The average loss of the last two major market crashes is 45%.Evaluate your requirements, your time available for investing and the size of your portfolio, and then decide which style would fit your requirements.I further subdivide swing trading into long-term (6-12 months), short-term (1-6 months) according to your average holding period. This book describes both strategies. Many tools are common to all the strategies. However, long-term swing stresses more on fundamental metrics than momentum metrics. P/E (Price / Earnings) is a fundamental metric and SMA-20 (Simple Moving Average for the last 20 sessions) is a momentum metric.The following belongs to even shorter terms: Momentum (less than 1 month), Rotation (1 - 2 month), Insider (3 months), Headlines (1 - 3 months), and Day trading (1 day, not discussed in this book). The holding periods are for guidelines only.First do not buy any stocks if the market is risky. Value stocks are important for long-term swing trading.This book is divided into 5 books. The first two (Evaluating Stocks and Technical Analysis) are tools for all strategies. Book 3 describes the common long-term and short-term strategy. Book 4 describes Momentum Strategy (a short-term strategy) while Book 5 describes Sector Rotation (a short-term strategy). Initial date: 02/2020.Last update: 01/2021.Size: 265 pages (6*9).

This book is targeted to beginner investors and/or couch potatoes who do not want to spend a lot of time in managing their investments. With the limitations / restrictions of fund managers, we can beat them.This book helps someone looking for simple but profitable strategies in investing. It only takes about half an hour a month to monitor the market and decide what stocks to buy and sell.This book uses the advanced strategies described in my other books but in very simplified instructions. The trick is to make them easy to use from the research information available to us free of charge.This book consists of 4 sections: Simple Techniques, Finding Stocks, Strategies and Advanced Topics.I start with market timing. You should not buy any stocks when the market is plunging. Actually you should sell most of the stocks you own when the market is plunging. For those who can take more risk, buy contra ETFs betting the market is plunging. I have a simple way to spot market plunges. It is based on charts. However, you can obtain similar info without creating charts and there is nothing to subscribe and buy. Although past performances are not guarantee for the future, following the techniques that work for the last two crashes (as of 6/2017) is better than not using any technique.The chart tells us when to reenter the market for the best opportunity to make money. I did in 2003 and 2009. Corrections provide opportunities to buy stocks. However, you have to prepare for the next correction by accumulating cash in advance and preparing a list of stocks you want to buy and at what prices. If you do not have such a list, just buy one or more ETFs.For starters, just trade ETFs and you can skip the latter chapters in evaluating stocks.In the simplest terms, I discussed how to evaluate stocks fundamentally and technically. Use the research available in the free sites such as Finviz.com. Instead of spending hours in researching one stock, you can do the same in a few minutes as others have researched them for you.Initial Date: 01/2021.Size: 105 pages (6*9).

"Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock." My additions to conventional insider trading Hopefully my additions improve the performance of this strategy that has already been proven to work most of the time. I add market timing to Insider Trading. You need to sell most stocks except contra ETFs before or during a market plunge and buy them back as indicated by the chart; I provide a simple marketing technique without charts. Diversify your portfolio. Keep 10 stocks for a portfolio less than a million. Ensure that there are not more than 3 stocks in the same sector. Keep 20 stocks for a portfolio over a million. Too many stocks would require more of your time that would be better spent in evaluating individual stocks. However, keeping too few stocks would impact your portfolio when one stock has a big loss.It is just a recommendation. Vary your holding size and holding period according to your time, your portfolio size and your knowledge in investing. Stick with stocks over $2, average daily volume over 12,000 shares (8,000 for stock prices over $20) and market cap over 200 million.Most big winners usually are in the price range between the $2 and $15 price and market cap between 200 million to 800 million. They represent the stocks that institutional investors are ignoring due to their restrictions. This is just a general guideline and there are always exceptions. Change them according to your requirements. I prefer to skip stocks from most emerging countries, especially the smaller companies, as I do not trust their financial statements. Ignore the subscription services or books claiming they are making over 30% consistently. Some even have examples of making 5,000%. Most likely they tell you their winners but not their losers. It is easy to pick up winners that fit their strategies, but they do not tell you the real performance.Check whether their portfolio uses cash, as it cannot be manipulated such as using the best prices of the day to trade. I bet that most portfolios consistently making over 30% are not real. Alternatively, they have 10 portfolios, and they only show you the one that makes a good profit. When they back test their strategies, they cheat their performances with survivor bias (i.e. those bankrupt stocks are not in the historical database). If their returns are that great, do you think they will share their secrets with you? Many made a great fortune, but lost it all on a bad bet. So, the turtle investors who make small profits consistently fare far better than making millions in a year and losing it all in the next year. Market timing and diversifying our portfolio are our tools and they will beat the market in the long run. Size: 75 pages (6*9).Last update: 04/2022

This book includes articles for beginner investors and advanced beginners selected from my book "The art of investing 2nd Edition". This book represents decades of my investing experiences, extensive simulations and summaries of hundreds of books I have read on investing. I also have found that many ideas / strategies are no longer applicable in today's market. Hence, I only include those proven techniques that work better in today's stock market and/or available today. This book should make you a better investor. With proven, step-by-step techniques to time the market, find and evaluate stocks, it is closer to the Holy Grail of investing for beginners. "Simple Techniques" describes the advanced features of this book in the simplest and the least time-consuming techniques. Even advanced users could find some shortcuts. Most of the tools are free from the web sites described. I recommend the reader to read the first part of the book first, and the second part (the enhanced edition) will be used for future reference. This enhanced edition is about 4 times the size of the original book. It will be handy when the reader is ready to further educate his/her skills in investing. Last update: 04/2022.Size: 255 pages (6*9).

The following few books (super sections) describe different strategies or styles of investing such as Swing Trading, Sector Rotation, Insider Trading, Penny Stocks, Micro Cap, Momentum Investing and Dividend Investing. I included many other miscellaneous strategies. It is not possible for one individual to specialize in all the styles described above. Typically I read two books (minimum) on each of the strategies. I include their ideas and my ideas in this book. All these books share many common topics such as market timing and evaluating stocks. These topics have been described elsewhere in this book, so they will not be duplicated here. You may want to paper test each strategy. Select the one that is favorable to the current market (i.e., it performs best in the last three months). In addition, it has to fit your risk tolerance and your own requirements. In addition, different phases of the market cycle favor specific sectors and investing styles. For example, market bottom favors value stocks while the Up phase (defined by me) of a market cycle favors growth stocks. The article "Dividend better?" in Book 5 serves as a procedure to evaluate a strategy with a historical database. There are two ways to test some strategies such as "Side way strategy" and its opposite strategy "Momentum" without a historical database: Load the historical price data of SPY for example from Yahoo!Finance to a spreadsheet.Many charts provide historical data base right on the charts. However, typically they do not provide most fundamental metrics such as Debt/Equity.Update the stock prices for your strategy weekly or monthly - it will take time to collect all the data. Hence, you cannot draw your conclusions readily as the last two described.To start, I recommend Long-Term Swing trading. Find sound fundamental stocks. Evaluate them every 6 months and sell them if their fundamentals deteriorate. Briefly I outline some of the shortcomings of the following strategies first as they all have the strengths in certain market conditions.Sector Rotation. Be prepared to spend more time and paper test it. Also sector can reverse direction.Insider Trading. Do not treat it as a value play (i.e., do not depend on fundamentals). Sometimes the insiders are wrong.Penny and Micro Cap. I prefer micro-cap stocks over the risky penny stocks. Ensure the volume is at least 10 times larger than your potential buy position.Momentum. Do not hold the momentum stocks too long as momentum could reverse very fast.Dividend. Do not buy a stock solely on the dividend yield. Today it is very popular and profitable when the bond yield is low. Watch out for the changing interest rate.The returns of each strategy serve as guideline only due to my limited data and the specific parameters I use in screening and evaluating stocks. When you're making money in one strategy, stick with it until the performance deteriorates. When you lose money in one strategy, find out why and return to paper testing at least for a while. Last update: 04/2022Size: 150 pages (6*9)

This book is targeted to beginner investors and/or couch potatoes who do not want to spend a lot of time in managing their investments.This book helps someone looking for simple but profitable strategies in investing. It only takes about half an hour a month to monitor the market and decide what stocks to buy and sell. For those who do not want to spend time in researching stocks, just trade ETFs.This book uses the advanced strategies described in my other books but in very simplified instructions. The trick is to make them easy to use from the research information available to us free of charge.I start with "The Power of Market Timing" to indicate its importance. You time the market and trade ETFs to reap the profit. The second article "Beat S&P500 by 100%" describes how and why fundamental analysis works.For starters, just trade ETFs and you can skip the latter chapters in evaluating stocks.In the simplest terms, I discussed how to evaluate stocks fundamentally and technically. Use the research available in the free sites such as Finviz.com. Instead of spending hours in researching one stock, you can do the same in a few minutes as others have researched them for you.Updated: 01/2021. Size: 75 (6*9).