Earlier today during trading hours, a member of the p6chat community asked me for a list of my book collection on stock trading and technical analysis so I created a new section in the lower right hand column of this blog "MY BOOKS". Over a period of three years, I've read each one at least twice. I am sure I missed one or two titles but I will promptly add it to the list as soon as I remember where I last saw them.
If you are looking for a quick fix, I am telling you early on that you won't find it in any one book. If your objective is to develop a trading system that offers a healthy, consistent, long run, aggregate, net trading profits (total profits minus total losses), these books will surely help you think, plan and go about building one. The appropriate system will have to come from a combination of studying, self-assessment, developing, experimenting, tinkering and a healthy dose of experience. But that's the easy part. The issue of discipline-sticking to and following thetrading system that you choose to use-is the more important part. This is solely and exclusively supplied by the student thru determination, resilience, and single mindedness, with the accompanying (not optional) mixed emotions of pain, frustration, fear, hope, greed, elation, triumph, exuberance, and sometimes depression. Pay attention to these emotions. You can learn a lot from them.
Most of these book authors say, and I agree, that if at all, striving to be a successful stock trader is a continuing process, more like a journey. It never stops. The world changes, markets change, and the successful trader must be able to tweak his system in a timely manner to adapt to the new challenges as they come.
Good luck to those who plan to buy and read the books. I sure hope you learn a lot quicker than I did. I know I had a tough time learning.
If you are looking for a quick fix, I am telling you early on that you won't find it in any one book. If your objective is to develop a trading system that offers a healthy, consistent, long run, aggregate, net trading profits (total profits minus total losses), these books will surely help you think, plan and go about building one. The appropriate system will have to come from a combination of studying, self-assessment, developing, experimenting, tinkering and a healthy dose of experience. But that's the easy part. The issue of discipline-sticking to and following thetrading system that you choose to use-is the more important part. This is solely and exclusively supplied by the student thru determination, resilience, and single mindedness, with the accompanying (not optional) mixed emotions of pain, frustration, fear, hope, greed, elation, triumph, exuberance, and sometimes depression. Pay attention to these emotions. You can learn a lot from them.
Most of these book authors say, and I agree, that if at all, striving to be a successful stock trader is a continuing process, more like a journey. It never stops. The world changes, markets change, and the successful trader must be able to tweak his system in a timely manner to adapt to the new challenges as they come.
Good luck to those who plan to buy and read the books. I sure hope you learn a lot quicker than I did. I know I had a tough time learning.
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