My First Investing/Trading Books

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When I was learning about investing in the stock market, I needed books for more information. There are a lot of free pdf on the web but the books that I like, I want to have a hard copy of it so that my children maybe can read it someday. Maybe that will be the legacy that I'll be leaving them. I want them to know money management as it is very important. If only I have known that when we were kids, maybe I have chosen a different path. So, I went to check the bookstore and EXPENSIVE!! I searched for online bookstores that offers affordable books like amazon and I found at about BOOK DEPOSITORY. These are my first books. Jesse Livermore's Methods of Trading in Stocks - Richard Wyckoff This was my first ever book about trading. It has only 32 pages and can be read in one sitting but full of information. It tells about how Livermore's preparation before and after trading, money management, news, stocks to trade and pyramiding.   How To Trade in Stocks - Jesse Li

The Ghost Month

One common phenomenon in which superstition affects business judgments would be during the "Ghost Month." It stems from a popular Chinese belief that during the month of August (7th month of the Lunar Calendar), the Gates of Hell open allowing spirits to roam the earth. People avoid making major decisions during this month for fear of inciting bad luck. Regional stock markets, especially those with predominantly Chinese investors, usually weaken and experience relatively lower volume. 
 
Usually it starts from August until September. August is also the month where the second quarter earnings of companies are released. With that, you can decide whether to buy more, hold or sell a portion of your stock. This is a watch-out month and better be cash ready.
 
Tip: For those who are into long-term, I would suggest to wait for this time before adding to your shares rather than buying every month. Depending on the prices, this may not only help you save on fees but also, it will not have that much impact on your average price.
    
Bottomline
 
A change in perspective can be a key to securing your financial well-being. Warren Buffet advises that one should “be fearful when others are greedy and greedy when others are fearful”. Since prices of both the bond & stock markets tend to go down this time of the year, it should be a good opportunity to enter the market at a lower cost.  You can take advantage of this opportunity that others don’t recognize because of irrational fear. Some investors may be holding back since it is “The Ghost Month"; however, you might want to look at it from with a different view, a more opportunistic rather than a fearful perspective of the market.
 
 
 

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