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Knowledge is power
Date 07/19/08 time 8.56 am
Hi All,
A reading list which i feel i would give to someone who is starting out to becoming a serious trader would be as follows.O'neil's book, "How to make money in stocks" ( Mcgraw-hill, newyork, NY 1988). Another book that is must reading is "How i made two million dollars in the stock market" by nicholas darvas ( Lyle stuart, inc., Secaucus, NJ 1986). A lot of people laugh at the title, but it is fun reading and u learn a ton from this book. Another book i would recommend is "Reminisceenes of a stock operator" by Edwin Lefevre ( reputedly about Jisse Livermore). Livermore himself wrote a very thin volume, "How to trade in stocks" ( Institute for economic and financial research, Albuquerque,NM, 1986).A good one what to look for individual stocks is "Super Performance Stocks" by Richard Love ( Prentice Hal, Englewood Cliffs, NJ, 1977). The book has a great study on the greatest winners of all time. Another good one on picking stocks is " Profile of a growth stock" by Kermit Zieg and Susannah H. Zieg( Investors Intelligence, Larchmont, NY, 1972). I would also recommend Marty Zeig's book, "Winning on Wall street" ( Warner Books inc., NY, 1986) and Stan Weinstein's " Secrets for profiting in Bull and Bear markets"( Dow, Jones-Irwin,NY,1988), which has some good sections on short selling. Finally, on Elliot Wave Analysis, Which I think has some validity, there is "Elliot Wave Principle" by Frost and Prechter ( New Classic Library, ,Inc, Gaineville, GA, 1978) and a book called "Super Timing" by an Englisj fellow namedBeckman ( Milestones Pubblishers, London).
All these books are good, but one can learn the most from the markets themselves. Everytime I trade in a stock, I wirte down the reasons why I did what i did. Doing this helps me ceement in my mind the characteristics of a winning trade, It also hels me learn from my mistakes. Mind you I have no qualms about admitting that i have learnt more from my mistakes. The good point is that I dont commit them again after learning from them.
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sinn fien
Neeraj B
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