What are you presently reading?
- Thread starter mikeriley
- Start date
Have you finished this book yet? would you recommend it?
Yes and Yes.
It's a book I've had for a few years and refer to it from time to time. The majority of investing books tell you when to buy, but have very little about exiting a position. Even ETer's recommend stocks to buy but few ever suggest when to sell.
I think it's a worthwhile read. Covers the emotions involved in selling a stock. Gives some suggestions on how to overcome those emotions.
Nice, thank you.
This is one title that stood out to me in this thread as it is absolutely true…I’ve had some multi $10k home runs only to watch profits evaporate when greed takes hold. When to exit is what makes a trader IMO. I will buy a copy and read it next.
thank you for the reply…you are a solid member of this forum.
You can pick it up on Amazon, there is a more recent edition that the 1994 version.
So, I just now finished reading the earlier book I mentioned:
HOW YOU CAN TRADE LIKE A PRO
It wasn't too bad. I'd suggest it is ok for a novice, but not a total beginner because they will be totally confused early on from the start when it comes to equity options, even if they do grasp futures trading in the later chapters.
The only thing that I did find interesting was reading how this so-called pro checks the futures market as well as the equities market before putting in equity option trades, etc. But... who knows if they truely are 'pro'. After all, anyone can be on CNBC and claim this or that.
So with that out of the way...I can't make up my mind on what book to start tomorrow, so I'll let someone from this thread decide for me:
Choice #1
The STANDARD & POOR'S GUIDE TO:
Selecting Stocks
Choice #2
Trade Stocks & Commodities with the Insiders:
SECRETS OF THE COT REPORT
HOW YOU CAN TRADE LIKE A PRO
It wasn't too bad. I'd suggest it is ok for a novice, but not a total beginner because they will be totally confused early on from the start when it comes to equity options, even if they do grasp futures trading in the later chapters.
The only thing that I did find interesting was reading how this so-called pro checks the futures market as well as the equities market before putting in equity option trades, etc. But... who knows if they truely are 'pro'. After all, anyone can be on CNBC and claim this or that.
So with that out of the way...I can't make up my mind on what book to start tomorrow, so I'll let someone from this thread decide for me:
Choice #1
The STANDARD & POOR'S GUIDE TO:
Selecting Stocks
Choice #2
Trade Stocks & Commodities with the Insiders:
SECRETS OF THE COT REPORT
A short version of the above is what you could report.
One book I PLAN to read down to the road is this title I found at a thrift store a few days ago. Someone paid close to 80 bucks for it, then donated it to the store and it doesn't even look like it's been read. I guess now that everything is bearish for 2022, the fad didn't last.
So, I competed another Larry Williams book just now. It was ok I guess, he spends most his time looking at Open Interest, and determining if it's the hedgers or the dumb-money and how far the different groups diverge from one another.
Like me he thinks Fibonacci is utter nonsense in the markets, and also believes candlestick patterns aren't really what people make them out to be.
Interestingly enough, the jacket says "Mr. Williams has been one of the most widely quoted and followed advisors over the past twenty-five years."
Well I don't know if that's true, (or was years ago), as this is only the second book I ever read by him. To be honest, I'm not much a future's trader, so to me the most famous person I can think of would be James Cordier and Russel Wassendorf.
While I have Cordier's book and know his 2nd will unlikely ever be published as he's gone underground since his hedge fund blew up to a rogue wave... I also don't think we'll see another futures book from Wassendorf either, as he's still in prison and most likely will die in there.
Like me he thinks Fibonacci is utter nonsense in the markets, and also believes candlestick patterns aren't really what people make them out to be.
Interestingly enough, the jacket says "Mr. Williams has been one of the most widely quoted and followed advisors over the past twenty-five years."
Well I don't know if that's true, (or was years ago), as this is only the second book I ever read by him. To be honest, I'm not much a future's trader, so to me the most famous person I can think of would be James Cordier and Russel Wassendorf.
While I have Cordier's book and know his 2nd will unlikely ever be published as he's gone underground since his hedge fund blew up to a rogue wave... I also don't think we'll see another futures book from Wassendorf either, as he's still in prison and most likely will die in there.