Reddit reviews Trading for a Living: Psychology, Trading Tactics, Money Management

These are investing and trading books I'd read. Even if you don't believe their strategy, others do, and that makes them important to read.

http://www.amazon.com/Reminiscences-Stock-Operator-Investment-Classics/dp/0471770884

http://www.amazon.com/Trading-Living-Psychology-Tactics-Management/dp/0471592242/ref=pd_sim_b_27

http://www.amazon.com/exec/obidos/ASIN/0393315290/$%7B0%7D

http://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661/ref=pd_sim_b_28

http://www.amazon.com/One-Up-On-Wall-Street/dp/0743200403/ref=pd_sim_b_26

Read books, and paper trade(mock trading with nothing on the line). The first book I read was https://www.amazon.com/Trading-Living-Psychology-Tactics-Management/dp/0471592242

I also highly reccommend all of the Market Wizards books. Really good reads.
I studied about 12 books before I started trading. In the end I got wiped out during the American Airlines bankruptcy(lost so much so fast that I stopped trading regularly and started investing).

EDIT: but yes, in the long run, my advice is to simply not trade. Good traders are a very rare breed. And the best traders have huge teams and data analytics systems driving their decisions.

As a Basic book I recommend Peter Navarro's When The Market Moves Will You be Ready? After you read that I would reccommend books by Alexander Elder and William O'Neil. Alexander Elder is my personal favorite, I highly recommend Trading for a Living and Sell and Sell Short. I personally trade options which are a little bit more difficult to understand right away. If you ever want to learn more about those let me know and I'll try to send some information your way. It is best to learn how stocks work before attempting to learn options since they are a derivative of the stock. Good Luck and have fun!

> hound of the baskeviles signal

Good book. Elder knows his shit.

https://www.amazon.com/Trading-Living-Psychology-Tactics-Management/dp/0471592242

Omg, there are so many to note... but here goes!

Better System Trader has loads of podcasts on youtube - from there all you have to do is download them using a youtube to mp3 converter.

As mentioned before you have Chat With Traders

Additionally there is also the Trading Heroes Podcast.

Below are all youtube videos you'll have to convert to mp3

This is a really good interview from Mark Douglas.

Ari Kiev - Becoming a disciplined trader.

Rande Howell - Mastering your emotions for disciplined trading. However, I summarised this earlier over here.

One that actually is an audiobook and can be found somewhere on the internet for free ;) is Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder

LPT: You'll find a lot of what you need on youtube, if it isn't there - I'm sure you'll be able to find a torrent.

The following are a few of what I consider the best books for learning charts/technical analysis:

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

Japanese Candlestick Charting Techniques, Second Edition

Trading for a Living: Psychology, Trading Tactics, Money Management

OptionsHouse requires a minimum of $1,000 to open an account. They also have pretty low transactions fees if you end up doing more trading than buy and hold. OptionsHouse also has a virtual account that is an excellent tool and one I highly recommend trying before using your real money.

All that said, I'd really recommend reading a couple of books before you jump in. When looking to buy and sell stocks there are different strategies which you'll know doubt pick up upon by reading the various replies to your post. There is the buy and hold versus a more active trading by buying on dips and selling on peaks.

Also evaluating the company and its stock is divided among the fundamental evaluation versus the technical evaluation. There are tools out there to help, vuru.com for instance can assist you in the fundamental evaluation. Technical analysis is basically looking at the price history, reading the charts, looking for technical indicators of when a stock might be oversold or over bought, and looking for buy and sell signals. StockCharts.com has a chart school section that can help learn about technical analysis.

If you get the impression that this subject is a bit intimidating and you have a lot to learn, well it is, and you do. I'm not trying to dissuade you from buying stocks but I really, really recommend reading and learning as much as you can before jumping in. With little knowledge and understanding on the subject you may get lucky and buy a stock that will increase in value, then again you are just as likely to pick something that will lose value and you'll just get frustrated.

Here are three books I recommend reading before you start to at least help you understand a bit more about what you are getting into.

Fundamental

Amazon - Value Investing

Technical and understanding markets and their cycles

Amazon - The Visual Investor: How to Spot Market Trends

Practical and the psychology behind markets and trading

Amazon - Trading for a Living: Psychology, Trading Tactics, Money Management

> My shitty school insurance won't cover surgery. I don't have the money for it and probably won't for the foreseeable future.

> I'd like to look and feel normal for once in my life.

You have tackled the weight loss issue, and done a remarkable, top notch, superstar job of it. Perhaps obtaining what you want now, is no longer a weight loss / health issue, but a financial one ? Im saying this based on the words that came out of your keyboard.

Trading for a Living ... used $10. Best book out there for learning how to trade stocks profitably.

Make some money, get your surgery. You can do it, because, you're a superstar and you want it.