Posted by: eminitrader June 1, 2007
Making Money with Eminitrader
Login in to Rate this Post:     0       ?        
Just a word of caution with those picks, since the volume on some of those is less than 50,000, I will be scared to hold it for long-term. It is best to put those on a watch list and act on it when they become more active.

Bri, I'm glad that you liked those books. I have read all of those multiple times. Reminiscience of a Stock Operator is probably my favourite, although Livermore ended up killing himself. I hope you get the human psychology from the book. See if you can get Market Wizards 1, 2, and 3. Your local library should have it. It has interviews with all the top traders of our times.

Personally, I feel that the market is ready for a pullback, if we see a pullback it should come this week. I would recommend you to look for 1% true selling days. The yield on 10 year is getting close to 5% and that could mean trouble.

As you guys have noticed that my market calls are much better than my stock picks so I like to trade S&P futures more than individual stocks. Hopefully, we can make some serious money after July.
Read Full Discussion Thread for this article