Best stock trading books
Welcome to this stock market trading books web site whose main
objective is to help you choose excellent stock market trading
books. However, here is a word of caution for new traders or those
who are thinking to trade stocks for profit. Stock market trading
is very risky and is not suitable for most of us. It seems pretty
easy to make money by trading stocks but predicting short term
price movements and to benefit from that is very difficult in
real life.
However if you are serious about getting into stock trading,
welcome to this world of stock traders. On this web site, you
will find some clues about stock trading and what to look for
in a good stock trading book.
What should you expect in a good stock trading
book?
It is always tough to find a good book on any subject. Stock trading
is no exception. Stock trading is not a perfect science. There
are no 100% perfect rules. So if you are looking for a sure fire
way to make money in any stock trading book, you are bound to
be disappointed. If you go to any library, you will find hundreds
of book on the subject of investing/trading. However if you read
few of them, you will know how disappointing it is to find a good
book on stock trading.
So how to find a good stock trading book?
Look for following things:
- What is needed for success in trading?
A good stock market trading book should list components/factors
for success in stock trading
- Know your biggest enemy in trading: YOU!
A stock trading book should also talk at length about influence
of emotions in stock trading. The biggest enemy of any trader
is himself. His emotions like fear, greed, hopes, regrets. For
success in stock trading, it is very important to approach trading
objectively and reasonably. A trader needs to have a system
that takes him above these emotions. So in my opinion, a good
stock trading book should talk about how to create an objective
trading system. So any book on trading should include some practical
tips on how to create a trading system or a trading plan.
- Planning for stock trading: Plan your Trades
and Trade as per your Plan
Stock trading is a business (because it is done for making
money). So like in a business, in stock trading, one needs to
do solid planning before making any buy/sell/trade. How much
money should you reserve for trading? How much maximum loss
you can take? How many trades to do in a month/day/week? How
much risk should be taken per trade?
Here
are some guidelines about how to make a trading plan.
- Limit your losses with Stop loss
Stop loss-- this has to be third word after Buy and Sell that
you learn before you even think about getting into trading. What
is a stop-loss? What are the types of stop-loss? How to place
a stoploss? How to use a stop loss to your maximum advantage?
For answer to such questions, look
at this one page that talks all about stoploss.
Once (i) you have a trading plan, (ii) you know about stoploss
and (iii) are aware about emotions in play, it is the time for you
to look out in the market to decide which stock to buy or which
stock to sell. Who said trading is easy? It is tougher than the
job of a doctor or engineer. You can teach all science out there
to a medical professional or a computer engineer in few years but
trading is an art. Can teach art to someone? Not fully. Art has
to be a second nature of the person. Same goes for trading.
This is a million dollar question? Which stock to buy and when
to buy that stock. You need a system or set of indicators to find
stocks to trade. Click
here to look at one signal in the PROFIT FROM PRICES system.
Do spend some time to learn it. This will guide you with how to
create your own system to find stocks for trading.
| One opinion on Yahoo Auctions about
one investment and trading ebook. |
| Stock
trading strategy book investment
(Mar 03 07:10 2005 PST) |
Comment:
Excellent! This book
which is a complete trading methodology, including specific
setups, gives more detailed trading information than books
by "big name" authors costing 4 - 10 times the price. You
can't go wrong buying this book.
(Mar 12 11:42 2005 PST) (most recent) |
Two more opinions on Ebay about the same book.
Useful Links
for some best books on Stock Market Trading:
Popular
Stock Trading books
Trading
for a Living: Psychology, Trading Tactics ...... Trading Tactics,
Money Management: Books: Alexander Elder by Alexander Elder. ...
Overall, it's one the best books about the psychological aspects
of
Best
Stock trading Books on Google
Best
Books on Stock Market Trading on Lulu
Read
the Profit from Prices eBook online chapter by chapter.
