Recomend me a book or a website?
AA
acount and have done a few month long trades. I know absolutely
nothing about this stuff but i still managed to make a few dollars
just looking at the graphs. What book do u recomend for me to read to
learn the basics about investing, considering i dont even know what
the diference between NASDAQ and NYSE is or what they mean. I hope to
soon become a day trader because i find all this teribly exciting. Im
curently in university and a semi pro poker player.
Lawyerkill
Final Exit
AA
lol i thought it was an investing book, but aparently u are trying to
be a comedian. so go to the comics group
Doug
because the economy grows. The economy grows due to increase standard
of living and increase in population. So the odds are on your side.
Stocks are NOT a zero sum game. This is why the stock market is such a
good investment (about 10% a year, on AVERAGE).
I have done the best investing in WHAT I KNOW. Lately that has been
GPS stuff (Garmin and Navteq, Tom Tom and Trimble etc). I know GPS
stuff because I am a pilot. Also Apple because my daughter likes Ipods
and Macs and such. I know that sounds simplistic. The great Peter
Lynch wrote a book on this. He used to go around to the parking lots
of companies and when they were working late (full after hours), he
knew to invest in that one. And he had a teenage daughter who like Gap
and other things (Gap was one of his biggest winners). So its not just
me.
Other than that, read Bogles book on keeping costs down. Hopefully you
have a discount broker that charges under $20 a trade (under 10 is
even better).
Once you realize the overall stock market is in your favor, yet there
is no way for ANYONE to know which stock will go up more than the next
one, you begin to realize you know as much as anyone and gain
confidence.
FrediFizzx
news:1186189476.0...@o61g2000hsh.googlegroups.com...
The best book I have read so far that is a real mind opener is "The Only
Three Questions That Count" by Ken Fisher. It is for long term
investing. If you want to know more about the actual mechanics of the
markets, get some day trading books like "A Beginner's Guide to Day
Trading Online" by Toni Turner. If you watch Cramer on CNBC, you could
get his books also. He is like a swing and position trader; not real
long term. Probably a classic is "One Up on Wall Street" by Peter
Lynch.
Fred
gedim...@gmail.com
Very useful article about top investing books with links. You might
even get some to download.
http://www.moneyhowto.com/2007/07/15/top_investing_books.html
gdz,
Global Investors Community. Making Money Instructions
http://www.moneyhowto.com
AA
thank you everyone and Doug. Im really excited about the stock market
because i made 20% in one day on Omniture when they released their
finances, its really nice to be at the top of the top earners for the
day. I rarely make that money in a good day of online poker. thank you
all i will read these books
AA
since i have about 5k and i only buy 1 stock at a time, is ther any
way to not wait days to get my money setled everytime i sell a stock,
i mean how can someone day trade without 1 milion dollars if u have to
wait days every time you sell a stock.
and dont tell that my portfolia isnt diversified, because i cant day
trade 5 stocks at a time and watch them all, and also that would mean
picking diversification stocks that i think are less profitable than
the first one. please explain this diversification everyone talks
about, if u can aford to lose ur invested mone?
THANK YOU, your wisdom is much apreciated, and how is it that my OMTR
does the oposite of what the market does
(including most other companies)?
FrediFizzx
> ok another question
> since i have about 5k and i only buy 1 stock at a time, is ther any
> way to not wait days to get my money setled everytime i sell a stock,
> i mean how can someone day trade without 1 milion dollars if u have to
> wait days every time you sell a stock.
You get a margin account. And I would think to day trade on a
consistent basis, you would need to have at least $25,000.
> and dont tell that my portfolia isnt diversified, because i cant day
> trade 5 stocks at a time and watch them all, and also that would mean
> picking diversification stocks that i think are less profitable than
> the first one. please explain this diversification everyone talks
> about, if u can aford to lose ur invested mone?
Diversification means not much to day trading or swing trading.
> THANK YOU, your wisdom is much apreciated, and how is it that my OMTR
> does the oposite of what the market does
> (including most other companies)?
Read the books and you might find out. You probably just got lucky.
Fred
2Penny
I agree that you may have been lucky to make a good profit at the
beginning. I know because I made 30% in my very first trade I ever did,
but that was 4 years ago, before I lost all my money, and some more,
then I finally had some more to get back, and after three years of
reading and studying hard, I finally started making consistent profits.
Here is a list of the best books I consider a good learning material for
learning to trade in the market, I read many more, but these ones are
my favorites. I hope this list helps you.
Mrs. 2Penny
Alan Bowler
> I'm really excited about the stock market
> because i made 20% in one day on Omniture when they released their
> finances, its really nice to be at the top of the top earners for the
> day. I rarely make that money in a good day of online poker.
My sympathies. Perhaps the worst piece of luck you can have
is to have you first investments go really well. People tend
to attribute flukes like this to skill instead of random
chance. If you play the market like a casino, then like
a casino, it will eventually take all your money.