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First, a cautionary quote from "the bible," Reminiscences of a Stock Operator: "Of course the same things happen in all speculative markets. The message of the
by peller 10y ago
First, a cautionary quote from "the bible," Reminiscences of a Stock Operator:
"Of course the same things happen in all speculative markets. The message of the tape is the same. That will be perfectly plain to anyone who will take the trouble to think. He will find if he asks himself questions and considers conditions, that the answers will supply themselves directly. But people never take the trouble to ask questions, leave alone seeking answers. The average American is from Missouri everywhere and at all times except when he goes to the brokers' offices and looks at the tape, whether it is stocks or commodities. The one game of all games that really requires study before making a play is the one he goes into without his usual highly intelligent preliminary and precautionary doubts. He will risk half his fortune in the stock market with less reflection than he devotes to the selection of a medium-priced automobile." (Emphasis mine.)
A good place to start might be by reading the Market Wizards series by Jack Schwager. (There are 4, all highly recommended.) Take note of the traders whose views you identify with, and research them, their strategies, and follow their recommendations down the rabbit hole.
https://www.goodreads.com/book/show/966769.Market_Wizards https://www.goodreads.com/book/show/966769.Market_Wizards
https://www.goodreads.com/book/show/787719.The_New_Market_Wizards https://www.goodreads.com/book/show/787719.The_New_Market_Wi...
https://www.goodreads.com/book/show/164131.Stock_Market_Wizards https://www.goodreads.com/book/show/164131.Stock_Market_Wiza...
https://www.goodreads.com/book/show/13664829-hedge-fund-market-wizards https://www.goodreads.com/book/show/13664829-hedge-fund-mark...