Hi guys, I am a newbie just trying to look for some advice on some good books for beginner to get into it and just as a stepping stone. Thanks a lot..Appreciate....
http://www.elitetrader.com/vb/showthread.php?s=&postid=785187&highlight=operator#post785187 - Spydertrader
Come into my Trading Room Market Wizards New Market Wizards Stock Market Wizards Devil Take the Hindmost, The History of Financial Speculation When Genius Failed Oil factor Soros, the Life and Times of a Messianic Billionaire Adventure Capitalist Sun Tzu's Art of War for Traders and Investors Trading Risk: Enhanced Profitability Through Risk Control These are some of the books that helped me. I would say I gained the most insight from the Market Wizard series. The books you read may be based on what type of trader do you see your becoming, (1) technician, (2) fundamentalist and news/event player, or an (3) allstar well rounded 40/40 type using both techs and funds and using multiple instruments and going wherever the action, optimal risk reward, and opportunities are and having optimal flexibility with such range. Hope this list helps as a starting point. .
http://www.sfomag.com/homebookdetail.asp?ID=1943026327&MonthNameID=July&YearID=2005 Check out this new book by Toni Turner. May be too basic, but worth reading for a newbee.
what books do you already have or have you already read? also, it may be obvious, but the trading part is easy - buy and sell. it's the trader, the person, the you that will be the challenge. if you noticed, ROASO has already been suggested several times. it's not even a strategy book - but it lets you see some of the inner workings (and trappings) of a trader's mind. anyway, hth ... take care and gtty - omni BTW: if you don't already have ROASO, here is a link to a pdf of it: http://www.nqoos.com/Articles_and_Reprints/jesse_livermore.pdf
"Techniques of Tape Reading" by Graifer and Schumacher is one of the best recent books. The authors are real traders.