Yesterday Tjey, one of my 3 or 4 readers, asked me: “[…] if you suggest book for novice trader what book would suggest to read and why”
First reason why It is hard to me to suggest such a book is simple: I never read a book about trading. I’m actually not a trader. All I do is:
- read finance.yahoo.com everyday,
- check my portfolio loaded on finance.google.com which gives news about shares I own,
- read articles about Economics in regular newspapers
- distrust financial gurus, economists, politicians, central banks, CEOs, bloggers, funds, whoever charges commissions, myself
- think with my own head, knowing there great chances I’m wrong
- buy $ 1000 worth of stocks every month and
- get $ 1000 back every time one of my stocks goes 40% up. That way I try to build a “Free stocks Portfolio”
Since my investment attitude is distrust, I’m afraid to look for a book that my reader may trust. Anyway I must do my best to help. After keeping this Blog for years, I can’t afford to scale bach from 3 or 4 readers to 2 o 3 readers :-).
What I would do if I was TJ, would be go to Amazon.com and look for “trading stocks”. Here is what I found:
- “The Complete Guide to Investing in Short Term Trading: How to Earn High Rates of Returns Safely by Alan Northcott”: disgusting title. If our friend Alan was able to earn high rates he would not have wasted his time writing a stupid book. Don’t trust the author, don’t waste time reading him.
- “A Beginner’s Guide to Day Trading Online”: to avoid. In most cases day trading is just a good way to waste money in commissions and miss the best utrends
- “The Neatest Little Guide to Stock Market Investing by Jason Kelly” I don’t the title but the book may be ok. If they called it simply “Little Guide to Stock Market Investing” I would probably buy it for mysels. I read some pages and seem simple to undertand and still quite interesting.
- Seasonal Stock Market Trends: The Definitive Guide to Calendar-Based Stock Market Trading: bullshit Definitive is only death. Seasonal is agricolture.
- Core Trading Tactics: no. Trading is more about strategy than tactics
BUY, SELL, KEEP 
Leave a comment