Styleforum › Forums › General › General Chat › Best books on the market?
New Posts  All Forums:Forum Nav:

Best books on the market?

post #1 of 31
7/12/09 at 11:36pm
Thread Starter 
There was a thread on this last year but I would like some input just in case something has changed. (I.E anything new)

As a university student I have been able to amass just over $40,000 since high school strictly with the idea of getting into the market. I'm actually a statistics and probability major so I hope I will be a little more knowledgeable after my courses on technical and fundamental analysis this fall too, plus it's pretty much my goal to trade in securities as a career. I gotta get my ass moving.

From what I gathered from the last thread, The Intelligent Investor by Ben Graham is the way to go but is there anything else I should scoop up?
Reply
Reply
post #2 of 31
7/12/09 at 11:38pm
Trading & Exchanges by Harris It's dense.
Reply
Reply
post #3 of 31
7/13/09 at 12:30am
One of the most memorable books I've read is The Education of a Speculator by Victor Niederhoffer (one of Soros's early traders). It's not a book on the market per se, but it provides an interesting perspective of a successful trader.
Reply
Reply
post #4 of 31
7/13/09 at 12:32am
Quantitative book - Options, Futures, and other Derivatives by Hull. It's the bible, but very sophisticated, mathematically. bond markets by fabozzi also considered a fixed income bible I like Market Wizards as well, just to learn about the experiences of various traders.
Reply
Reply
post #5 of 31
7/13/09 at 6:28pm
Thread Starter 
Picked them all up but Hull's book... I can't really afford a $200 text at the moment.
Reply
Reply
post #6 of 31
7/13/09 at 6:39pm
I got The Four Pillars of Investing by William Bernstein as a gift and thought it was a good introduction to investing (as opposed to trading).
Reply
Reply
post #7 of 31
7/13/09 at 6:44pm
Quote:
Originally Posted by ZackyBoy View Post
Picked them all up but Hull's book... I can't really afford a $200 text at the moment.


Invest the first $200 of your 40K in good reading materials. I do think you're pursuing a lame career path but we can still agree that knowledge is worth it's weight in gold.
Reply
Reply
post #8 of 31
7/13/09 at 7:44pm
Thread Starter 
Quote:
Originally Posted by Fuuma View Post
Invest the first $200 of your 40K in good reading materials. I do think you're pursuing a lame career path but we can still agree that knowledge is worth it's weight in gold.
Analytics and numbers are what I take an interest in... some people like politics, some like plumbing, some like fixing cars... I just happen to like derivatives, integrals, and regression analysis. Plus with my degree I have a number of options so if I decide I agree with you I won't be too worried... but I want to be involved in securities regardless of weather I work in finance or if I am an accountant. If you don't mind me asking what do you find lame about it? Just a lack of interest? And two hours ago I picked up the text at my university library for what will be $20 in late fees. No biggie.
Reply
Reply
post #9 of 31
7/13/09 at 10:04pm
http://www.swing-trade-stocks.com/re...ck-charts.html http://www.swing-trade-stocks.com/fi...racements.html Everything on that website is all you need to know. Personally I prefer options because you can make more money while having little to begin with. You can learn all this crap about the market, but in the end all you're really trading is the number. You're not trading fundamentals, earnings, news, etc. You're not even trading paper. All you're doing is contributing to the bidding up or bidding down of a stock price. Take these words of advice from someone who was exposed to stock trading at age 12. I'm now 22. BTW it's called "gambling," not "investing." Unless you play super conservative, but even then you don't know if you'll make any gains. 40k is a decent amount of money for the market. I recommend you find a non-volatile stock and collect rent (sell calls) on it. You'll be reaping like $3k a month or more depending on which stock without needing to do anything except click your mouse.
Reply
Reply
post #10 of 31
7/13/09 at 10:55pm
Thread Starter 
Quote:
Originally Posted by DECEMBER View Post
http://www.swing-trade-stocks.com/re...ck-charts.html http://www.swing-trade-stocks.com/fi...racements.html Everything on that website is all you need to know. Personally I prefer options because you can make more money while having little to begin with. You can learn all this crap about the market, but in the end all you're really trading is the number. You're not trading fundamentals, earnings, news, etc. You're not even trading paper. All you're doing is contributing to the bidding up or bidding down of a stock price. Take these words of advice from someone who was exposed to stock trading at age 12. I'm now 22. BTW it's called "gambling," not "investing." Unless you play super conservative, but even then you don't know if you'll make any gains. 40k is a decent amount of money for the market. I recommend you find a non-volatile stock and collect rent (sell calls) on it. You'll be reaping like $3k a month or more depending on which stock without needing to do anything except click your mouse.
Before I get into these websites tomorrow could you give me a little insight into selling call options? I can just google it I know but I like to hear the laymans terms. Oh and thank you for the links.
Reply
Reply
post #11 of 31
7/13/09 at 11:06pm
Quote:
Originally Posted by cchen View Post
Quantitative book - Options, Futures, and other Derivatives by Hull. It's the bible, but very sophisticated, mathematically.
Hull's book isn't terribly sophisticated, IMO. If you have a basic grounding in stats, probability, and calculus, you should be able to work your way through it. I rather enjoyed that book out of all my finance books, particularly the proof of the Black-Scholes option pricing formula. In fact, the book I used in undergrad is staring at me in the face right now, 10 years later. BTW, another favorite book of mine is Steve Nison's Japanese Candlestick Charting Techniques.
Reply
Reply
post #12 of 31
7/14/09 at 12:01am
Am i thinking of the wrong book? i thought it had a bit of stochastic calculus in it, which, you won't really learn in undergrad unless you're a hardcore math major. pretty sophisticated to the avg person
Reply
Reply
post #13 of 31
7/14/09 at 1:29am
The Intelligent Investor - Benjamin Graham (get the one with Jason Zweig's comments on each chapter) The Intelliget Asset Allocator - William Bernstein
Reply
Reply
post #14 of 31
7/14/09 at 12:03pm
Try "Options as a Strategic Investment (4th ed.)" by Lawrence McMillan. It's a really good primer for understanding how options work.
Reply
Reply
post #15 of 31
7/14/09 at 5:37pm
I think you should read up on micro and macroeconomics. I'm a business student and economics is the foundation for understanding how the market works. It's like a medical school student taking biology classes. With that said, check out Investing In Liquid Assets. It talks about investing in wine which has proven to be a consistent performer over the years whether in times of recession or not. It does not follow market trends and can make you 15% annually pretty easily.
Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General Chat
Styleforum › Forums › General › General Chat › Best books on the market?