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For inexperienced novices, there are a lot of terms and diagrams. There may be a lot of things that cannot be understood quickly, but when you pay attention to the market every day and look at the pictures diligently, you can slowly learn. It can gradually avoid the mistakes that many novices will make, and can definitely shorten the learning process of constant loss of money in the middle.
It happened that I just saw a foreign trader on the Internet today who also recommended a lot of good books. The following is his list and comments. I only read 1/3. I hope I can slowly finish reading them in the near future.
I hope you can pay attention to those you haven’t read, you can also communicate with those you have read, and you can share with those who have read practical and good books but are not in the following list.
1) How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition (William O'Neil)
This is the bible of CANSLIM and growth stock trading. It contains everything you need to know: Stock selection, chart analysis, fundamentals analysis, risk management … The first chapter contains dozens of charts! This is very helpful to train your chart reading skills.
2) How to Trade In Stocks (Jesse Livermore)
The wisdom from Jesse Livermore is timeless. There are some people saying that you cannot quote Livermore because he lost all his fortune and committed suicide, but I found so much wisdom and help in his book.
3) Trading in the Zone (Douglas)
I like all books from Mark Douglas. He is my favorite author when it comes to trading psychology and mindset work. There is a second book called "The disciplined trader" which is great too.
4) Trade Like a Stock Market Wizard (Mark Minervini)
Mark is a living legend. You can follow him on Twitter, read his books, watch interviews and listen to podcasts. Currently he is number 1 in the US Investing Championships. I love all his books and can recommend them.
5) Reminiscences of a Stock Operator(Lefèvre)
The unofficial biography from Jesse Livermore. I like the books because you can see that the mindset problems 100 years ago are still the same today. I always find something interesting in the lessons from Livermore.
6) How I Made $2 Million In The Stock Market (Nicolas Darvas)
Another timeless book. Darvas can show you how simple trading was 60 years ago and can still be today. You don't need all the fancy indicators and hardware to make money. Darvas was a dancer and he made money when he was on a dancing tour!
7) Pit Bull: Lessons from Wall Street's Champion Day Trader (Martin Schwartz)
I love the book! You can look over the shoulder of a great trader and can learn a lot of lessons. In addition it's easy to read and funny too.
8) Market Wizards: Interviews with Top Traders (Schwager)
The whole series is great! All books can give you deep insights into the mindset of very successful traders. Dozens of interviews with successful traders.
9) Trend Following: Learn to Make Millions in Up or Down Markets (Michael Covel)
A great book about trend following, CTAs, risk management and systematic trading. It was one of my first books about trend following and it impressed very much at that time.
10) The Perfect Stock: How a 7000% move was set-up, started and finished in an astonishing 52 weeks (Brad Koteshwar)
The author wrote 2 great books: The perfect stock and The perfect speculator. Both are highly recommended. You can see how a perfect trader would handle a super stock.
It happened that I just saw a foreign trader on the Internet today who also recommended a lot of good books. The following is his list and comments. I only read 1/3. I hope I can slowly finish reading them in the near future.
I hope you can pay attention to those you haven’t read, you can also communicate with those you have read, and you can share with those who have read practical and good books but are not in the following list.
1) How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition (William O'Neil)
This is the bible of CANSLIM and growth stock trading. It contains everything you need to know: Stock selection, chart analysis, fundamentals analysis, risk management … The first chapter contains dozens of charts! This is very helpful to train your chart reading skills.
2) How to Trade In Stocks (Jesse Livermore)
The wisdom from Jesse Livermore is timeless. There are some people saying that you cannot quote Livermore because he lost all his fortune and committed suicide, but I found so much wisdom and help in his book.
3) Trading in the Zone (Douglas)
I like all books from Mark Douglas. He is my favorite author when it comes to trading psychology and mindset work. There is a second book called "The disciplined trader" which is great too.
4) Trade Like a Stock Market Wizard (Mark Minervini)
Mark is a living legend. You can follow him on Twitter, read his books, watch interviews and listen to podcasts. Currently he is number 1 in the US Investing Championships. I love all his books and can recommend them.
5) Reminiscences of a Stock Operator(Lefèvre)
The unofficial biography from Jesse Livermore. I like the books because you can see that the mindset problems 100 years ago are still the same today. I always find something interesting in the lessons from Livermore.
6) How I Made $2 Million In The Stock Market (Nicolas Darvas)
Another timeless book. Darvas can show you how simple trading was 60 years ago and can still be today. You don't need all the fancy indicators and hardware to make money. Darvas was a dancer and he made money when he was on a dancing tour!
7) Pit Bull: Lessons from Wall Street's Champion Day Trader (Martin Schwartz)
I love the book! You can look over the shoulder of a great trader and can learn a lot of lessons. In addition it's easy to read and funny too.
8) Market Wizards: Interviews with Top Traders (Schwager)
The whole series is great! All books can give you deep insights into the mindset of very successful traders. Dozens of interviews with successful traders.
9) Trend Following: Learn to Make Millions in Up or Down Markets (Michael Covel)
A great book about trend following, CTAs, risk management and systematic trading. It was one of my first books about trend following and it impressed very much at that time.
10) The Perfect Stock: How a 7000% move was set-up, started and finished in an astonishing 52 weeks (Brad Koteshwar)
The author wrote 2 great books: The perfect stock and The perfect speculator. Both are highly recommended. You can see how a perfect trader would handle a super stock.
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Also known as : US Starter Guide / How to deposit and withdraw (and other FAQs)? / How to contact customer service?
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If higher price = higher risk then $Berkshire Hathaway-A (BRK.A.US)$ is the world most riskier stock at USD450k a stock. Then penny stock is the world least risky asset. $EVERGRANDE (03333.HK)$ is now USD0.21 so is Berkshire 2.1million time riskier than Evergrande?
Hypothetically if a company have 1billion in cash with no debt and have only 1 share, it is crazy not to buy it for close to 1billion for that share. If you get it at 1million you basically can clos...
Hypothetically if a company have 1billion in cash with no debt and have only 1 share, it is crazy not to buy it for close to 1billion for that share. If you get it at 1million you basically can clos...
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Also known as: Why is there a prompt that buying power is insufficient and I will be buying on margin when I have cash in my account? / How do I purchase SGX listed stocks denominated in foreign currencies?
*** Max Qty to Buy (Cash) does not show the amount of funds you have but the max number of shares that can be purchased with your cash at the price input in the order form.
Fo...
*** Max Qty to Buy (Cash) does not show the amount of funds you have but the max number of shares that can be purchased with your cash at the price input in the order form.
Fo...
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Some said the Omicron variant can't stop people from going away for the holidays — and planning much-needed vacations for 2022. Travel-related stocks like cruises have led the subsequent market rebound as investors grow less fearful about the severity of the new variant.
However, reality doesn't seem to match the script. Since Friday, airlines scrubbed more than 1,500 U.S. flights, disrupting travel during the busy holiday weekend. $United Airlines (UAL.US)$ , $Delta Air Lines (DAL.US)$ , $American Airlines (AAL.US)$ and $JetBlue Airways (JBLU.US)$ cited the spread of omicron among crews as a reason for the cancellations.
Do you think the virus will once again sabotage the travel demands?
How will related stocks like $Airbnb (ABNB.US)$, $Carnival (CCL.US)$ , $SIA (C6L.SG)$ perform under the risk of omicron?
However, reality doesn't seem to match the script. Since Friday, airlines scrubbed more than 1,500 U.S. flights, disrupting travel during the busy holiday weekend. $United Airlines (UAL.US)$ , $Delta Air Lines (DAL.US)$ , $American Airlines (AAL.US)$ and $JetBlue Airways (JBLU.US)$ cited the spread of omicron among crews as a reason for the cancellations.
Do you think the virus will once again sabotage the travel demands?
How will related stocks like $Airbnb (ABNB.US)$, $Carnival (CCL.US)$ , $SIA (C6L.SG)$ perform under the risk of omicron?
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Reduce some risk with a watch list. buy stocks on slide. make sure you understand the products, type of company. dollar averaging on solid companies. buy weekly or semi monthly. allows you to follow company business model. record volume changes in market caps. do not panic on sell offs but have cash available to acquire more. walk away and revisit in a few days. let the market breath. if your picks are sound stay the course. Ask yourself a good fair ROI rate of your investment in conjunction with the investment amount. don't be greedy. this economy is dangerous to average investors. I fear liberal policies will destroy investing. it is still a chess game. so much to investing. so many strategies. follow the news, the industry. the quarterly reports, be careful of Wall Street. they have a poor record.
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Congratulations to these mooers who successfully grabbed an iPhone or Oculus VR in Be Your Own Santa on 12/16! Miss out on your gift? We giveaway 1 iPhone, 5 Oculus VRs, & 100 $GoPro (GPRO.US)$ EVERY DAY at 3 PM ET until Jan 1: bit.ly/3lKwE9H. See you later today! T&Cs apply.
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Last "quadruple witching" day of 2021 in the U.S. market is coming ahead. It's expected to be the largest one in volume of this year, which has rattled many investors and traders.
The quadruple witching hour is the last hour of the trading session on the quadruple witching day when options and futures on indexes and equities expire, Friday.
What is quadruple witching?
Quadruple witching refers to four days when four different financial asset contracts expire in a calendar year.
The days are the third Friday of March, June, September and December. The assets on which the contracts expire on that day are stock options, single stock futures, stock index futures and stock index options. Options contracts also expire monthly. Futures contracts expire quarterly.
Why it matters
Because all four types of contracts expire on the same day, the quadruple witching day usually sees a heavier volume of trading, which will cause market chaos.
Part of the reason for the increase in market transaction volume is the automatic offsetting transactions. Volume on quadruple witching days has increased roughly two-thirds of the time since 2005.
Put it simply, on the negative side, history suggests that returns haven’t improved significantly. Volatility may bring gains or huge losses.
The positive impact on the market that day is that arbitrage trading brings profit opportunities. Active trading, that is, an increase in trading volume, may cause the market to rise.
The $S&P 500 Index (.SPX.US)$ dropped 0.06%, 1.31%, and 0.91% on Mar 19, June 18, and Sep 17respectively according to historical data of other three quadruple witching days this year.
How to Invest during quadruple witching day? To learn more about stock options and how to hedge the position through options, you might like this course:
Snapshot of the benefits and risks of options trading:
For more investment knowledge and trends, welcome to Courses in the Community.
$Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
The quadruple witching hour is the last hour of the trading session on the quadruple witching day when options and futures on indexes and equities expire, Friday.
What is quadruple witching?
Quadruple witching refers to four days when four different financial asset contracts expire in a calendar year.
The days are the third Friday of March, June, September and December. The assets on which the contracts expire on that day are stock options, single stock futures, stock index futures and stock index options. Options contracts also expire monthly. Futures contracts expire quarterly.
Why it matters
Because all four types of contracts expire on the same day, the quadruple witching day usually sees a heavier volume of trading, which will cause market chaos.
Part of the reason for the increase in market transaction volume is the automatic offsetting transactions. Volume on quadruple witching days has increased roughly two-thirds of the time since 2005.
Put it simply, on the negative side, history suggests that returns haven’t improved significantly. Volatility may bring gains or huge losses.
The positive impact on the market that day is that arbitrage trading brings profit opportunities. Active trading, that is, an increase in trading volume, may cause the market to rise.
The $S&P 500 Index (.SPX.US)$ dropped 0.06%, 1.31%, and 0.91% on Mar 19, June 18, and Sep 17respectively according to historical data of other three quadruple witching days this year.
How to Invest during quadruple witching day? To learn more about stock options and how to hedge the position through options, you might like this course:
Snapshot of the benefits and risks of options trading:
For more investment knowledge and trends, welcome to Courses in the Community.
$Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
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