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Reply #27: In addition to the books mentioned by LoZoccolo the book [View All]

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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-15-07 06:02 PM
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27. In addition to the books mentioned by LoZoccolo the book
"How to Make Money In Stocks" by William O'Neil was helpful to me. Also the Edwards and Magee book is excellent and worth the investment IMO.

And I agree what was said here...

"The best way to start is promise yourself not to jump in for a set time period.

Edited on Sat Dec-15-07 07:43 PM by LoZoccolo

One of the more valuable lessons to learn is when to sit out. The great trader Jesse Livermore said "There is time to go short, time to go long, and time to go fishing."

Spend a set amount of time studying, say a year, before you do anything. It will teach you the skill of waiting and watching for a good opportunity, rather than trying to force one..."

Then just use common sense and since you mentioned gold some people were discussing gold in 1999 and 2000. Which is a better buy stocks at a 20 year high or gold at a 20 year low?

Also within the past month or so there have been more articles in the mainstream press about the collapse of the dollar while in reality it has been falling for years. When an idea becomes popular it should signal a caution sign.

Become familiar with the big market picture/trend first as most stocks will follow the larger trend.
Read the column "The Big Picture" in Investor's Business Daily when you are at the bookstore.

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