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Old 05-21-2007, 10:56 AM
DesertCat DesertCat is offline
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Join Date: Aug 2004
Location: Pwned by A-Rod
Posts: 4,236
Default Re: stock newbie here needs help

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Burn those books. Buy new ones.

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OP knows he wants new books. That was the point of his post.

But why would you burn those books?

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It's the age old dichotomy of trading vs. investing. Those books are heavily oriented towards trading, and some of their authors are questionable. Victor Niederhoffer has gone broke at least three times, as did Jesse Livermore (the reminences of a stock operater protagonist) who ended up committing suicide after he went broke the last time. You have to question whether guys who go broke so often aren't just putting all their money on black repeatedly, and you know their names because they got very lucky for a time.

And as hlacheen pointed out, some of the IBD rules would be terrible for an investor to follow.
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