I'm glad people are beginning to realize it is OK to share info
It is hard to imagine, someone put Ben/G's copyright book online, but they did. I purchase 99% of my reading from Traders Library. Available in both physical and E-books which can be placed in your personal library if you are a registered member. I just checked and presently I have purchased 51 investing books in my online library, plus I have 10 or more other hard copies. My lifetime membership expires in 2039. At 77 I probably won't need it beyond that. I find it a great reference resource as it is accessible from any computer any where you are simply by logging in. But I also like the hard copies as I always have one in my vehicle for spare time reading. ( I'm an addict to the markets)
Most I consider contributed to my knowledge base, a few was a bit to dry or in depth for me, such as using the E mini's which are only 1/5th the size of regular contracts on the S&P as an aid for scalp trading. It depends on your personal strategy. For the buy and hold I like 1st. Ben Graham plus others. Candlestick traders Steve Nison is king in my books. Toni Turner's, " Beginners guide to short term Trading" Is easy reading and covers the important basics of chart assessment. There are also books that teach when to buy or sell.
Click across the top row or use the search box. Explore there is lots here, It is an investors resource center. traderslibrary.com
Example; A FEW RULES OF THE TRADE
David Nassar, in his book RULES OF THE TRADE, provides readers with a list of solid trading rules. Here they are:
1. Average Winners Not Losers. It is not "don't frown, average down"; it is applying the discipline to cut losers short and adding to winners that separates the successful from the unsuccessful. If you have a winning stock then add to it. If you have a losing stock then get rid of it.
2. Never Let a Winner Turn Into A Loser. Greed is the cause of this mistake. Let the market tell you when to exit a trade, not whether you have a profit or not. "If your trade is acting well, as defined by key indicators, and the market activity is supporting your position, stay in. If not, its go time!" Do not let a good profit vanish into thin air because you want more than the market is willing to give.
3. Never Mix Disciplines. If you day trade then day trade and do not let a day trade turn into a swing trade. If you swing trade do not let your swing trade turn into an investment. Follow the rules based on the discipline of your time frame.
4. Never Try To Trade Back A loser. In other words, each trade is a new one and should not be used to win back money lost in the last trade. Always trade in the present not in the past where too many emotional and psychology factors can affect the current trade. Revenge does not pay in or out of the market. |