Smarty_Pants

Eight Areas to Consider About This Market

Abbreviated reading list that I have found supports the author's claims about making money in the markets. I would suggest reading them in the order listed.

1) "Stan Weinstein's Secrets For Profiting in Bull and Bear Markets" by Stan Weinstein

2) "How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition" by William J. O'Neil (of Investor's Business Daily)

3a) "How I Made $2,000,000 In The Stock Market" by Nicolas Darvas

3b) "Reminiscences of a Stock Operator" by Edwin Lefèvre and Roger Lowenstein

4) "Trade Your Way to Financial Freedom" by Van K. Tharp

Title 1) is an excellent overview of how to frame the market and know when to be a bull or bear.

Title 2) explains what factors make for a winning stock pick based on historical examples. It also introduces something of an idea of how to approach buying and selling so you will lose less and make more on the price action that follows your purchases.

Titles 3a) and 3b) are stories about applying these sort of approaches in real life and the successes (and setbacks) that were encountered.

Title 4) introduces and covers an aspect of investing/trading that rarely receives attention, namely risk. It is an excellent text on devising a procedure that will help minimize debilitating losses while leaving room for profits to accumulate.

I have found these books to be a great help in making and keeping the assets I put in the markets. I believe they will be useful for anyone who is willing to put a little study and effort into learning how to succeed.

Study them and learn. You will be better off for the effort.

Is This the Nasdaq or a Dollar Store?

The time to buy is when they are going up, not on the way down. There is time to wait yet. Great companies had P/Es of 5 or 6 at the end of the Depression. We might still have a long way down to go.