Hey gang

C

chittowntrader0

After over a decade of actively trading, feast to famine to feast to famine again, I threw in the towel about a year ago. I was strictly daytrading and system trading. The markets still very much pull me. Now that I have a steady job and a child on the way I was wanted to dip my toe back into the markets, however in a long term value investing way.

Just wondering if you all might know of a good book on "value investing" longer term investing?

Any and all recommendations would be much appreciated. Thank you for taking the time to read the email.

All the best!
John
 
Quote from billyjoerob:

Maybe you can say more about the feast and the famine. What accounted for the famine? Or the feast?
More...

I bet the feast was when he was making lots of money and the famine was when he was losing money.

That would be my bet but I'm not a betting man.
 
Lol, right...

Well I was hired as a trader for a firm and after about a year I started to turn net positive. The next few years I really started to hit it, decided to go off on my own with my own nut. I started to lose my edge a bit not being in an office and trading from home. Decided to trade with a group and split the rent of a downtown office. Here I found a niche with I exploited for a couple of years. Again, I turned a bit arrogant and decided to go off on my own. The fundamentals greatly changed in the sectors I was trading, I didn't and as a result started to loose my ass. I was on the wrong end on a few M&As, made some told rookie mistakes and well... Part of my problem is that more money I made, the bigger my position sizes became...

Anyways, Im done with the roller coaster and am looking to get into longer term value investing.
 
Quote from actionzip54:

I bet the feast was when he was making lots of money and the famine was when he was losing money.

That would be my bet but I'm not a betting man.
More...

And people wonder why ET is dying. At least try to be funny.
 
I hate people that whine about how things change.

Joel Greenblatt Value Investing book rang true to me. I don't use it.

Unsolicited: Read Bogleheads forums, adopt their philosophy.
 
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