What is the best book you've read about investing in the stock market?

[binh25]

The Intelligent Investor by late Benjamin Graham
Buffettology by Mary Buffett

All these books are emphasis on Value investing, not speculation and trading.

 

[Knobby22]

The Lord of the Rings.

A clever fable by Tolkien showing the eventual fall of Enron.

As it was written before the fall of Enron, for libel reasons Enron is named Mordor. Halflings repesent ordinary people, Men are the investors, Elves are fund managers and Wizards are the regulators.
A must read for any present of hopeful future CEO. 5 stars.

 

[It's Snake Pliskin]

What's the similarity of the Davinci Code and stock market books?

 

[dreilly]

What's the similarity of the Davinci Code and stock market books?

not much id say, but if you made a stock book into a movie and omitted as much critical info as they did in the davinci movie, youd be broke after your first trade.

 

[It's Snake Pliskin]

not much id say, but if you made a stock book into a movie and omitted as much critical info as they did in the davinci movie, youd be broke after your first trade.

That's a very good point.

But, they are looking for "the holy grail".

 

[wayneL]

That's a very good point.

But, they are looking for "the holy grail".

Hah! Great quip!

 

[Mostafa]

Thank you,

I’ve read some articles about Elliot Wave Theory, do you recommend any books about that?

 

[coyotte]

In order of Kindy to High School ( still not ready for Uni)
We must all start in kindy

Stan Wienstein's - simple understaning of trading the market

Guppy,s -- Share Trading --- Basic and essential on HOW to trade

Guppy,s -- Trend Trading --- Basic -- Positon Trading -- far safer when your kicking off


Leon Wilson's -- 1st Book -- takes you to the next level above Guppy's Trend Trading


Trading in the Zone --- a must read & follow if are to continue on



Now we can start getting fair-dinkum



Wilson's 2nd book
after you have digested that

Wilson's 3rd book


Just rember though it's about Trading -- Not --Reading

YOU have got to do IT -- so as to LEARN from YOUR mistakes


Sounds like a lesson on life !

 

[coyotte]

HELP

How does one start a new thread on this site ? :newbie:

 

[Geared]

"Reminiscences of a Stock Operator", the great Livermore's trials and tribs.

 

[visual]

Peter Lynch: One Up on Wall St (1990)

yep, loved it too.(not important,but picked it up at my local library for 30cents.)

 

[NettAssets]

HELP

How does one start a new thread on this site ? :newbie:

Its pretty easy

Go to the top box and click on the forum you want to make the thread in

We are in <General Chat ><What is the best book you've read about investing in the stock market?>
at the moment

So if you want to make a thread in GC then click on the GC forum,

A list of all the threads in the forum will come up and on the top left hand top corner is a <new thread> button

Guess what you do with that !

Regards
John
PS type a NEW thread name or you MAY go to an old thread

 

[Magdoran]

I recommend Gary Norden's book 'Technical Analysis and the Active Trader'.

Never heard of it... Is it any good?

What does it cover? Anything interesting, (hope there aren't any moving averages/ocillator nonsense in it)? What is the main thrust?


Magdoran

 

[mit]

Good Pick Nizar - I also think one should read "The millionaire next door" right before the Peter Lynch book

The "millionaire next door" is not really an investment book but is an eye opener around who has wealth. It makes you think that when you see the plumbers station wagon behind the Merc, who has the money and who is in debt up to their eyeball.

I agree that it should be step one, because getting you expenditure down means that you not only have more left over to spend but your investment income is less before you can retire.

Guppy's books are being dismissed as simplistic and I also read them first, but I think that there are nuggets there that are lost on a beginner and I am about to read them again. Recently, I have discovered things in the market that I have dismissed previously.

Also snapshot trading is a good as it contains a lot of little set-ups. You mighten try them as systems in their own right but are good for finessing entries and exits.

My overall favourite is "Come into My Trading Room" by Elder.

MIT

 

[Magdoran]

My overall favourite is "Come into My Trading Room" by Elder.

Hi mit,

Re "Come into My Trading Room" by Elder – Really? Which part did you find useful? The psychology or the method (he actually bags options by the way…)?

Have you read Mark Douglas “Trading in the Zone”? If so, what did you find in comparison?

Regards


Magdoran

 

[mit]

Hi mit,


Re "Come into My Trading Room" by Elder – Really? Which part did you find useful? The psychology or the method (he actually bags options by the way…)?

Have you read Mark Douglas “Trading in the Zone”? If so, what did you find in comparison?

Regards


Magdoran

Yes he does bag options and I think all traders have their blind spot. I suppose he is correct from the point of view of a beginner.

I liked the idea of minimal positions. Never have more than 6% of your start of month equity at risk at one time. For my discretionary I'm moving more to trying for a few excellent trades rather than a scatter gun approach and loading up positions until you run out of equity. This is because I love trading and tend to overtrade.

The idea of trading the swings and trying for a percentage of a swing rather than just get on a trend and ride the hell out of it, which is different. The psychology is pretty standard stuff.


"Trading in the Zone", I own it, I agree with the premise and the idea that you can sometimes get in with the flow of the markets and never seem to fail and psychology is 1/3 of your success or failure. I thought the book itself was extremely boring and I never finished it. I thought I was commiting sacrilege but I have heard a few others with the same opinion.

MIT

 

[bunyip]

Another good trading book is 'Exploding The Myths' by Frank Watkins.

Easy to understand, no padding, just useful information and simple but effective strategies and systems that you can use to start trading straight away.

Some of you seem to think there's something wrong with simplistic strategies, that they're OK for beginners but if you want to progress you have to learn more advanced techniques.
I disagree completely. Most of the successfull traders I know are adamant that the simpler their system, the better they trade.
From my personal experience I agree with them 100%

Bunyip

 

[annalivia]

Hi,

If your sick of looking at squiggly lines, check this book out. If you can wrap your head around this then you are on your way to Warren Buffett country.
Hard to find but google it if you are keen.

PS.The bonus CD-ROM sux but the book is absolutely outstanding.


Market Wise

A book by Brian McNiven

Brian McNiven’s latest book is a must-have reference for anyone interested in managing their own investments. Based on the philosophies of Warren Buffet, Market Wise explains how to ascertain the value of stocks and shares and identify their investment value. A bonus CD-ROM also offers a practical explanation of Brian’s own valuation philosophy.


annalivia

 

[theasxgorilla]

Re "Come into My Trading Room" by Elder – Really? Which part did you find useful? The psychology or the method (he actually bags options by the way…)?

Have you read Mark Douglas “Trading in the Zone”? If so, what did you find in comparison?

I found the method from "Come into My Trading Room" to be s!h!i!t!e. I tried to follow it but it just didn't suit me.

The other parts of the book however, such as the "losers anonymous" analogy, were GOLD. I have it in hardcover and still pick it up from time to time.

 

[chops_a_must]

American Psycho. Without a doubt.