#1
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Books on \"Day Trading\"
Hello...
I dont know if day trading per se is exactly what I am looking for (hence the "'s). I want to find some books on buying stocks as a relative short term investment. I am reading the Intelligent Investor (which I plan to finish) but so far it seems like it is recommending buying for the long term. I guess I just want to play the market like poker.....can that be done? If so can anyone recommend any books or online reading on what I want to do? Thanks a lot! |
#2
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Re: Books on \"Day Trading\"
I like "how i made 2,000,000 in the stock market" by Nicoloas Darvas
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#3
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Re: Books on \"Day Trading\"
It sounds like what you really want is swing trading-- making plays that last from 3 days to 3 weeks.
The best book for that is the MASTER SWING TRADER by Alan Farley. The Master Swing Trader, by Alan Farley He's got quite a website also. http://www.HardRightEdge.com I also highly recommend these books on/about Jesse Livermore, one of the greats: How to Trade in Stocks Reminiscences of a Stock Operator |
#4
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Re: Books on \"Day Trading\"
I believe this is the best book on trading. Quite pricey though...
Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder |
#5
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Re: Books on \"Day Trading\"
Notice you haven't heard much about day trading since the tech bubble burst.
Keynes: "Investing is the activity of forecasting the future yields of an asset. Speculation is the activity of forecasting the psychology of the market." Graham: "An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative." Buffet: "Consciously paying more for a stock than its calculated value... should be labeled speculation (which is neither illegal, immoral, nor - in our view - financially fattening)." |
#6
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Re: Books on \"Day Trading\"
[ QUOTE ]
I guess I just want to play the market like poker.....can that be done? [/ QUOTE ] Nope. Can't be done. Oh, there are people who've beaten the market in the short-term, but there are also people who've won money at the roulete wheel. 95% of Daytraders are broke within a year, the rest were the result of short term variance, i.e. lucky. |
#7
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Re: Books on \"Day Trading\"
[ QUOTE ]
[ QUOTE ] I guess I just want to play the market like poker.....can that be done? [/ QUOTE ] Nope. Can't be done. Oh, there are people who've beaten the market in the short-term, but there are also people who've won money at the roulete wheel. 95% of Daytraders are broke within a year, the rest were the result of short term variance, i.e. lucky. [/ QUOTE ] Is this the same as swing trading? Is it possible to be successful with 2-4 week investments? |
#8
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Post deleted by Mat Sklansky
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#9
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Re: Books on \"Day Trading\"
when you say short term trading, what kind of timeframe are you talkin about?
if i was to make an investment for ~2.5 months, would that be "trading"? |
#10
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Post deleted by Mat Sklansky
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