Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing

Reply
 
Thread Tools Display Modes
  #1  
Old 05-19-2007, 03:28 AM
fearme fearme is offline
Senior Member
 
Join Date: Sep 2004
Location: CA
Posts: 465
Default stock newbie here needs help

a few questions on how to learn the stock market, should i suscribe to IBD??? i have about 15 stock books but none are newer than 2002, are there new books out that are must reads?
do any of u guys follow the ibd method of cup with handle breakouts and stuff like that?
Reply With Quote
  #2  
Old 05-19-2007, 06:53 AM
RedJoker RedJoker is offline
Senior Member
 
Join Date: Aug 2006
Location: High on Life
Posts: 2,353
Default Re: stock newbie here needs help

What books do you have, maybe people here could tell you which ones are worth reading?
Reply With Quote
  #3  
Old 05-19-2007, 08:44 AM
kimchi kimchi is offline
Senior Member
 
Join Date: May 2006
Location: FU minbet
Posts: 1,246
Default Re: stock newbie here needs help

It doesn't really matter that your books aren't newer than 2002. People, and thus markets, don't change much.

One of the best books I've read on the stockmarket is 'Reminiscences of a Stock Operator' and that was publishedin 1923.

If you like the IBD method then I assume you've read the owner' (William O'Neill) excellent own book - 'How to Make Money in Stocks'?

Also, if you've read 15 stock books, then continuing to read more will provide less of an education than putting what you've learned so far into practice and putting some of your own money on the line (unless you already have).
Reply With Quote
  #4  
Old 05-19-2007, 02:26 PM
hlacheen hlacheen is offline
Senior Member
 
Join Date: May 2006
Location: Penn State
Posts: 508
Default Re: stock newbie here needs help

I tried IBD but didn't like it.
Reply With Quote
  #5  
Old 05-19-2007, 05:06 PM
Sniper Sniper is offline
Senior Member
 
Join Date: Jun 2005
Location: Finance Forum
Posts: 12,364
Default Re: stock newbie here needs help

Review the Reading List for some excellent suggestions on expanding your reading, as a Trader or Investor.

fwiw, I personally recommend IBD for anyone active in the market.
Reply With Quote
  #6  
Old 05-19-2007, 05:35 PM
hlacheen hlacheen is offline
Senior Member
 
Join Date: May 2006
Location: Penn State
Posts: 508
Default Re: stock newbie here needs help

Mostly, I found the 20 rules for investing they listed on the back really hard to get over. For example:

3. Avoid cheap stocks. Buy higher quality stocks selling $15 a share and higher.

5. Cut every loss when it’s 8% below your cost. Make no exceptions so you can always avoid huge, damaging losses. Never average down in price.

19. Find out if the market currently favors big-cap or small-cap stocks.

They had some good articles though.
Reply With Quote
  #7  
Old 05-20-2007, 03:25 AM
fearme fearme is offline
Senior Member
 
Join Date: Sep 2004
Location: CA
Posts: 465
Default Re: stock newbie here needs help

tks for responses, these are the books i have
how to make money in stocks by william j. oneil
stock market logic by norman g. fosback
market wizards interviews with top traders by jack schwager
new market wizards by jack schwager
the great game by john steele gordon
the education of a speculator by victor niederhoffer
Inverstor's business daily guide to the markets
reminiscences of a stock operator by edwin lefevre
west of wall street by george angell/barry h.
Forbes guide to the markets by marc groz
wall street money machine by wade cook
how i trade for a living by gary smith
the trader's edge by grant noble
how i made 2000000 in the stock market by nicolas darvas
Stock trader's almanac 2004 by Yale Hirsch/ jeffrey h.
Reply With Quote
  #8  
Old 05-20-2007, 02:09 PM
SlowHabit SlowHabit is offline
Senior Member
 
Join Date: Apr 2006
Posts: 1,509
Default Re: stock newbie here needs help

[ QUOTE ]
tks for responses, these are the books i have
how to make money in stocks by william j. oneil
stock market logic by norman g. fosback
market wizards interviews with top traders by jack schwager
new market wizards by jack schwager
the great game by john steele gordon
the education of a speculator by victor niederhoffer
Inverstor's business daily guide to the markets
reminiscences of a stock operator by edwin lefevre
west of wall street by george angell/barry h.
Forbes guide to the markets by marc groz
wall street money machine by wade cook
how i trade for a living by gary smith
the trader's edge by grant noble
how i made 2000000 in the stock market by nicolas darvas
Stock trader's almanac 2004 by Yale Hirsch/ jeffrey h.

[/ QUOTE ]
Burn those books. Buy new ones.
Reply With Quote
  #9  
Old 05-20-2007, 02:14 PM
hlacheen hlacheen is offline
Senior Member
 
Join Date: May 2006
Location: Penn State
Posts: 508
Default Re: stock newbie here needs help

I've never read any of those books you listed.

I liked The Intelligent Investor b Ben Graham w/ commentary by Jason Zweig.
I also liked Beating the Street by Peter Lynch.
Random Walk Down Wall Street was interesting as well.
I'm currently reading The Dhando Investor by Mohnish Pabrai.
Reply With Quote
  #10  
Old 05-20-2007, 03:49 PM
pig4bill pig4bill is offline
Senior Member
 
Join Date: Dec 2005
Posts: 2,658
Default Re: stock newbie here needs help

I like that list. Reading them all will expose you to a wide range of investing and trading theories and help you decide which approach you're best suited for.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 01:38 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.