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Recommend good basic books for stock trading

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whamm!   Albania. Mar 25 2012 09:21. Posts 11625
I'd like to know the best books to get introduced to the whole thing. I have very minimal experience and knowledge and I'd like to start by reading a lot of good basic info. I know there are a lot of LPers who are in the industry or know how to do trading so I'd really appreciate a point in the right direction for a newb like me.
Gonna give ecigs another try, I was able to quit last time for 6 straight months. Also working out with my kids to get back in shape again, things looking really good after a long while I hope my recent run goot rubs off on everyone here who needs it.
I'm looking to buy an apple or android tablet but I cant decide what to get, I dont play games no more and I plan to use this almost exclusively just for internet, and basic computing needs



Poll: Best tablet to get?
(Vote): Apple Ipad 2 or 3
(Vote): Samsung (any latest model of theirs)
(Vote): Asus Transformer prime


getting this nice watch soon, old watch got stolen last year
+ Show Spoiler +



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 Last edit: 25/03/2012 23:38

hhse   Australia. Mar 25 2012 11:48. Posts 213

"Getting started in value investing" by Charles S. Mizrahi was relatively easy to read and captures some of the core concepts of the more classic books such as the intelligent investor.

Recently started looking into watches... nice choice =)


whamm!   Albania. Mar 25 2012 11:55. Posts 11625

thanks for the reco on the book ill definitely check it out now. i think its exactly the type of book i need to read to get started.

yeah planet oceans are a classic. was always a rubber strap kinda guy. i loved my old tag heuer carrera then it got stolen and had no money to buy a replacement for it till now. the 45mm ones of omega look really good.

 Last edit: 25/03/2012 11:57

Mariuslol   Norway. Mar 25 2012 14:16. Posts 4742


Are any of those books cool if you want to play around and learn how to abuse the AH in D3 ???


Spicy   United States. Mar 25 2012 14:33. Posts 1027

First thing you need to do is figure out what your objectives are with trading. Figure out how much time are you willing to commit and how long you're going to hold positions.

Also to clear up a common misconception, trading =/= investing. The purpose of an investment is to move money from the present to the future at an acceptable %rate of return. Trading takes advantage of shorter term price inefficiencies that can occur due to supply/demand imbalances.

Although I don't think you can learn how to trade through a book, you can gain some inspiration and expand your knowledge by reading:
Reminiscences of a Stock Operator (fictitious trading story but based on a real person)
Market Wizards (Interviews)
One good trade Inside the highly competitive world of proprietary trading (if you want to learn more about the prop world)
Trading and Exchanges - Larry Harris (This book is highly academic but its the only book that explains market micro-structure and was written by a former Chief Economist of the SEC. Basically everything you need to know about how markets function, who trades, why they trade, how they trade)


whamm!   Albania. Mar 25 2012 15:41. Posts 11625

where can i buy these in ebook format?


Spicy   United States. Mar 25 2012 15:48. Posts 1027

You can find all of them on filesharing sites

 Last edit: 25/03/2012 15:48

whamm!   Albania. Mar 25 2012 18:38. Posts 11625

cant find them in torrents


TheTrees   United States. Mar 25 2012 22:14. Posts 1592

my go-to watch is an omega seamaster aqua terra. beautiful watch and i'm about to buy an omega speedmaster.

for stocks...my favorite forum is stockmarketcats.com. I've made about 30% off my stock investments this year just from this forum (then again low plays on BP/RIG were no brainers ).


Trolala   Estonia. Mar 26 2012 01:06. Posts 2050

BEN GRAHAM INTELLIGENT INVESTOR


READ THIS BOOK FIRST!!!


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THIS BOOK AND IT'S PRINCIPLES WILL SAVE YOU A FORTUNE!!


whamm!   Albania. Mar 26 2012 04:14. Posts 11625

I'll look up these books for sure. especially the post with all caps lol
thanks guys.


Trolala   Estonia. Apr 04 2012 16:15. Posts 2050

THE GUY WITH ALL CAPS IS BACK


FOUND AN AWESOMELY EXCELLENT BOOK ON RANDOMNESS
http://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb

HIGHLY RECOMMEND BOTH: FOOLED BY RANDOMNESS AND THE BLACK SWAN.




whamm!   Albania. Apr 04 2012 17:39. Posts 11625

I'll just go with a wndows 8 tablet if ever one comes out. both apple and android completely fall short with what i need right now and windows 7 mobile is somewhat what i want but battery life and interface is meh atm.


 



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