dgkaufman
23 posts
msg #135806
- Ignore dgkaufman |
5/9/2017 3:33:16 PM
Hello all,
I am 23 years old and very much a beginner to active investing. Wanted to know if there was any resources (books, blogs, podcast, articles, websites, videos..) that you would recommend as the best starting place. I still plan to dollar cost average the majority of my money but simply am fascinated by all the models and strategies and would like to continue to educate myself.
Any recommendations?
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Kevin_in_GA
4,599 posts
msg #135807
- Ignore Kevin_in_GA |
5/9/2017 4:05:17 PM
My first recommendation would be to paper trade any strategy you are considering for at least 6 months. No matter how well it does, do not put any real money into play until you have done a minimum of 6 months evaluation. This is a rule I constantly break, to my detriment.
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Mactheriverrat
3,156 posts
msg #135808
- Ignore Mactheriverrat |
5/9/2017 4:52:00 PM
Don't play earnings as you can take a loss from after hour's and pre market traders.
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pthomas215
1,251 posts
msg #135809
- Ignore pthomas215 |
5/9/2017 5:21:10 PM
DGKaufman, assuming you are more interested in value investing than swing trading given your post regarding dollar cost averaging, i would recommend you take a look at the Investors Business Daily investment model of CAN SLIM. it incorporates both fundamental analysis and technical analysis. You can do a trial run on their swing trader module if you care to dabble in shorter term stuff.
http://www.investors.com/ibd-university/can-slim/
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BarTune1
441 posts
msg #135813
- Ignore BarTune1 |
5/9/2017 10:40:08 PM
four's thread on Interviews contains some some interesting podcasts and interviews with a number of successful traders that utilize all kinds of different strategies ...
one thing to keep in mind is that there are a number of very good traders in the SF forums ... however, most of us trade different methods ... I don't think any one method is necessarily better than another ... I think the key is to know the strategies you are going to trade and to stick to them and get really good at one or a few ... to be more specific, I wouldn't recommend trading all sorts of strategies ... better to be the master of one than of none ...
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miketranz
961 posts
msg #135817
- Ignore miketranz |
5/9/2017 11:02:04 PM
Welcome to Wall Street:The market's a set up,a shake out game by design,to siphon money from your account as rapidly as possible.The only reason it exists,in my opinion,is to extract large amounts of capitol,at the expense of the public.It's controlled by two elements,fear and greed,by a few of the largest institutions on the planet.86% of actively managed equity funds under perform the Standard & Poor. 95% of retail traders loss money,year after year,using the market as their private casino.Many day traders will wipe out their accounts within a year.The three main reasons for trading failure are 1)Lack of a solid plan,based on mathematical probabilities.2)Lack of money management skills,risk/reward factors.3)Lack of information.If your goal is to make money in the market,Stockfetcher has the tools at your disposable to do so.The market's a numbers game,not a guessing game,and until one realizes that,he will continually bleed money into the system.Miketranz....
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nibor100
1,031 posts
msg #135822
- Ignore nibor100 |
5/10/2017 10:51:17 AM
@dgkaufman,
Dr. Eric Wish teaches a couple of college stock market investing classes and has been running a blog for 12 years at https://wishingwealthblog.com.
In the right margin of his blog he provides 16 recommended stock market trading books.
His entire blog is searchable and I recommend reading thru his posts starting in 2005 at your leisure, as you get a feel for how he thinks, trades and many other ideas. He is a big user of Worden's TC2000 and has his own market timing indicator, uses Guppy charts a lot and does swing trading and even posts when he moves funds in his pension and why.
No matter what you read and learn, it wouldn't hurt to then do searches on Stockfetcher for different trading strategies/technical indicators as you discover them, because you'll likely find posts that discuss filters etc.
There are also a few websites that freely email a chart of the day with rationale related to the charts which I like to look to get other peoples' ideas on what a chart is indicating.
Hope this helps,
Ed S.
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