ClayDavis68
8 posts
msg #136978
- Ignore ClayDavis68 |
7/22/2017 11:50:05 PM
i've been reading through a lot of forums posts and the majority of it is way over my head. I need to go back to school for all this but don't know where to start.
Ive read Lynch's Beat the Street, bunch of stuff on the internet, and I'm going to get Adam Grimes' The Art and Science of Technical Analysis: Market Structure, Price Action and Trading Strategies.
Anything else you all can recommend?
thanks,
Clay
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miketranz
961 posts
msg #136985
- Ignore miketranz |
7/23/2017 10:30:18 AM
Clay,check out Market Wizards,New Market Wizards,Larry Connors How Markets Really Work,also an interesting read,How I made 2,000,000 dollars in the stock market by Nicolas Darvas.Peter Lynch material is good.If you're going read anything,you might as well get some insight from accomplished traders.I personally read over 100 books on trading.I threw most of them in the garbage.These are what I'm left with.Best,Miketranz...
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ClayDavis68
8 posts
msg #136995
- Ignore ClayDavis68 |
7/23/2017 10:35:33 PM
Thanks.
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Mactheriverrat
3,156 posts
msg #136996
- Ignore Mactheriverrat |
7/23/2017 11:01:51 PM
I thought Trend Trading by Daryl Guppy wasn't bad. His idea on using two sets of averages I thought was great idea. I have modified the the short term group with nothing less that the ema(9) as when price moves above the ema(9) it moving up again on a uptrend after profit taking and the longer term group of averages holding strong. I didn't get into the trading the Darvis box stuff much in the last chapters.
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Mactheriverrat
3,156 posts
msg #136997
- Ignore Mactheriverrat |
7/23/2017 11:09:40 PM
This is a copy and paste from a post dated 3/11/2017 of mine.
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The Compression and Expansion of the 2 groups of averages. Traders (the swing trade - ema(3) to ema(15) and the Investors ( Big hedge funds & your investment firms like Morgan Stanley, Citibanks, Bank of America types- ema(30) to ema(60) )
I have a hard copy from Amazon but this link one can down load a Adobe PDF file to your hard drive desk top.
The reviews on Amazon where one poster says one should throw away the book after the first 100 days doesn't know what they are talking about. Something that I caught onto is Guppy is saying to throw all those failing / lagging indicators away.
The book is 433 pages so it might take a few minutes to download.
Daryl Guppy Trend trading.
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pthomas215
1,251 posts
msg #136998
- Ignore pthomas215 |
7/23/2017 11:12:17 PM
Warren Buffet's mentor was Benjamin Graham. It's a little dry but Benjamin Graham's "The Intelligent Investor".
But most importantly in my opinion, if you use Fidelity or TD, they usually will have a trading advisor of some sort who will do 1 on 1 sessions with you. That helps to frame trades looking at indicators like MACD and RSI etc. Meaning first get familiar with all terminology...then read the books and look at GUPPY stuff, etc. Otherwise you are taking Algebra 2 before taking Algebra 1.
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Mactheriverrat
3,156 posts
msg #136999
- Ignore Mactheriverrat |
7/23/2017 11:22:07 PM
Good point pthomas215
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pthomas215
1,251 posts
msg #137000
- Ignore pthomas215 |
7/24/2017 12:11:57 AM
Thank you Mac. Fidelity did get me started in how to frame trades. Of course after I lost over $10K ha ha.
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