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Showing posts from October, 2017

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

Market Wiz(ar)dom

Source: The New Market Wizards by Jack D Schwager Jack D. Schwager, after interviewing great traders, summarized his observations regarding success in trading as follows: 1. First Things First - be sure whether you really want to trade or not. 2. Examine Your Motives - examine your motives very carefully for any conflicts. The market is a stem master. You need to do almost everything right to win. If parts of you are pulling in opposite directions, the game is lost before you start. 3. Match The Trading Method To Your Personality - the approach you use must be right for you; it must feel comfortable. 4. It is Absolutely Necessary To Have An Edge - if you don't have an edge, all that money management and discipline will do for you is to guarantee that you will bleed to death. 5. Derive a Method - to have an edge, you must have a method. 6. Developing a Method is Hard Work - developing your own approach requires research, observation and thought. Remember that yo

Book Depository