Stock Market Today

You don’t say if you’re interested in trading or simply investing for the long-term.

If all you had to do was “learn everything there is to know about the stock market,” then most anyone could do it and every disciplined, hard-working trader would be a success.

But the statistics prove that is not the case, because 80% of all traders lose money, and 90% of day traders lose. Doctors and lawyers make the worst traders, because they are used to being able to control their environment. So there is a psychological element to trading that most people never address.

This quote from: Fooled by Randomness, by Nassim Taleb
It certainly takes bravery to remain skeptical, it takes inordinate courage to introspect, to confront oneself, to accept ones limitations. Scientists are seeing more and more evidence that we are specifically designed by mother nature to fool ourselves.

There is no one investment, there is no get rich quick scheme, there is no pot at the end of the rainbow. There is no one book or seminar or secret or answer that will make you successful.

Most novices focus on how much money they can make, which is basakwards to what they should be doing. If you focus on risk control and money management, you might stick around to play the game another day.

Books on Investing

“Which Is Better, Buy-and-Hold or Market Timing?”

“Do You Have What It Takes to Be a Market Timer

Droke, ClifTechnical Analysis Simplified

Kahn, Michael N.Tech. Anal. Plain & Simple

Kamich, Bruce M.How Technical Analysis Works

Lefevre, Edwin – Reminiscences of a Stock Operator
about Jesse Livermore

Lofton, Todd – Getting Started in Futures

Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist

O’Neil, William J.How to Make Money in Stocks

Oz, TonyHow to Make Money From Wall Street

Rotella, Robert P.Elements of Successful Trading, The

Schwager, JackStock Market Wizards

Schwager, Jack D.New Market Wizards

Sperandeo, VictorTrader Vic-Methods of a Wall Street Master

Wasendorf, RussellAll About Futures

Slutsky, Scot and Darrell JobmanComplete Guide to Electronic Futures Trading, The

Extraordinary Popular Delusions and the Madness of Crowds” by Charles Mackay

The Intelligent Investor, by Benjamin Graham

One Up on Wall Street, by Peter Lynch

Common Stocks, Uncommon Profits, by Philip A. Fisher

Stocks for the Long Run, by Jeremy Siegel

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea

Trading for a Living, by Alexander Elder

From Riches to Rags, by I.C. Freeley

Millionaire Traders, Lein & Schlosberg