Posted by: OBAMA February 4, 2014
Login in to Rate this Post:
0 
? 
?
newbie,
Some books to start with:
How I made 2 millions by Nicolas Darvas
Its more for the feeling that gives a main street guy courage to dream of making money in market. Try to understand box theory on it....it is loosely translated to support and resistance theory these days.
Secrets for Profiting in Bull and Bear markets by Stan weinstein
and
How to make money in Stocks by William O'Neal
These books gives u idea to approach stocks and markets. How to select stocks and decide buying and selling points. O'Neal book has a formula of 7 letters. Ignore that. Charts patterns r important.
To understand charts,
read John Murphy's Technical analysis book
John Murphy's Intermarket analysis book is must if u want to be in the game for long run.
Buy them and don't borrow from libarary. You r not Einstein and not gonna remember all the things u need to.
keep watching the markets and news. Most of the news r bullshit anyway but until u figure that out for urself , keep reading cnbc and yahoo finance.
That's good enough to start with....be curious and keep asking the right questions.
Kanchi, I am not interested in individual stocks at this market level. For, long term holding, risk/reward ratio is not skewed on my favor. BTW, if u r itching to jump on market,FB is lot more exciting than BA for longer term.
Urban khasi,
Put little more time into readings, u will understand the lingos.
Moja,
I would love if market crashes here, but it most probably wont. You know how rare black swans are !!! I am not done shorting futures intraday and shorting some G10 currencies overnight. If market wants to play the range before up and down move, I am thinking ways to express it in my trades. No long term and No HOPE strategy.
Good Luck Folks
Some books to start with:
How I made 2 millions by Nicolas Darvas
Its more for the feeling that gives a main street guy courage to dream of making money in market. Try to understand box theory on it....it is loosely translated to support and resistance theory these days.
Secrets for Profiting in Bull and Bear markets by Stan weinstein
and
How to make money in Stocks by William O'Neal
These books gives u idea to approach stocks and markets. How to select stocks and decide buying and selling points. O'Neal book has a formula of 7 letters. Ignore that. Charts patterns r important.
To understand charts,
read John Murphy's Technical analysis book
John Murphy's Intermarket analysis book is must if u want to be in the game for long run.
Buy them and don't borrow from libarary. You r not Einstein and not gonna remember all the things u need to.
keep watching the markets and news. Most of the news r bullshit anyway but until u figure that out for urself , keep reading cnbc and yahoo finance.
That's good enough to start with....be curious and keep asking the right questions.
Kanchi, I am not interested in individual stocks at this market level. For, long term holding, risk/reward ratio is not skewed on my favor. BTW, if u r itching to jump on market,FB is lot more exciting than BA for longer term.
Urban khasi,
Put little more time into readings, u will understand the lingos.
Moja,
I would love if market crashes here, but it most probably wont. You know how rare black swans are !!! I am not done shorting futures intraday and shorting some G10 currencies overnight. If market wants to play the range before up and down move, I am thinking ways to express it in my trades. No long term and No HOPE strategy.
Good Luck Folks