What To Pick?

[Testpilot]

I read "Reminiscences of a stock operator" in the late 90's and was amazed at how relevant a book written in 1923 was to the current time. I, of course, believed that it was different this time and completely missed the signs that the tech crash was just around the corner. With hindsight, it's obvious that the crash would have been foreseen by Jesse Livermore. The particular thing from the book that I remember was the saying, "when the shoeshine boy asks about the market then that is the time to sell", this was apparent in the UK just before the tech crash.

So, not all "story" type books are useless. In actual fact, I'd say they teach very valuable lessons. Knowing that if A happens then do B without an understanding of why, is not a good way to progress.

Mike

I agree with everyone else who has said Reminiscences of a Stock Operator.It is one of those books you can read five times and pick up something new and valuable each time.

As for other books you should read one on technical analysis (such as Magee or Pring), one on fundamental analysis (Graham) and one one risk/money management. Then start trading demo accounts as the best way to learn is by doing (in my opinion).

 

[joea]

The link which So_Cynical gave me seems interesting. I have been reading the tutorials there for a while now. I wouldn't say it has much topics (at least not to small details) covered but they seem to be really for total beginner which is what I was searching for before I start with books that I gathered already.

JEEZB: Yes I noticed those games but do I have to pay $3000 in order to access so called ''Public Sharemarket Game'' as says on the website?

joea: I never heard about that movie. Why I cannot get a job? I can but most of companies either don't search for novices or need them in different kind of environment. Actually I was (and still) applying from several environments, not just quality assurance. Nowdays, at least in our country counts that higher your education level is, less chance you will have to come in touch with job supplier to get a job. By latest statistics, two weeks old, there is not a single room for a job for a person with PHD. What makes me think I could work in word of trading? When working online, you are mostly your own boss as self employed. Im not saying I would want to be self employed, I have worked for exams on university 6 years. Definitely want to use the diploma in chosen environment which means getting the job for what I studied - at least for few years because I don't have in purpose to work whole life in manufactury. Of course on as high as possible level of company's hierarchy and not as regular machine operator. You asked me what I graduateed in. Mechanical engineering. When working online noone needs to accept you in order to give you job application acceptance to start working. Not sure what you mean with downloading ''paper trade'' so cannot comment on this. Im not from Sydney, Im from Europe, other side of the earth but would not mind coming to Sydney, at least for a trip

springhill: Along with several other books, I also have The Intelligent Investor from Benjamin Graham but thanks for offer.

YourFriend
I have twin boys involved with energy and mining.
They are in a global loop of jobs with Woodside , Shell etc.
I will put my email on my profile. oops. have sent you a PM.
Send me an email on where and what you want to work at and I will get them to bat for you a little.
We will see what happens.
joea

 

[joea]

yourfriend

Have you tried www.exfin.com
On the right hand side is job finder.
joea

 

[YourFriend]

joea this website cannot be accessable from my location due to area restriction. I currently don't have any australian proxies available.