Learn about stock trading

krzkrzkrz · Newbie Joined: 26 Nov 2007 Posts: 2

Hello all,

Ive got a book called "How to make money in Stocks", by William Oneal. Its quite an informative book, explaining in great detail about his method. However, at times I find the book quite challenging to read since it explains a number of things in technicality.

I am very new to stock trading and still need to understand the basics and fundamentals. I am looking for a book that is suitable for novices and hopefully progress to expert topics in further chapters.

Since I have a daily job (9 hours, 5 days a week), I am looking into long term trading. I think this will most suit my needs as I will not have many hours during the week. Please mention other trading styles that may be suitable for my situation.

Book recommendations highly appreciated.

krzkrzkrz · Newbie Joined: 26 Nov 2007 Posts: 2

WOW no responses at all in the span of 2 weeks. What a forum....

HenryTo · Posted: Fri Dec 07, 2007 5:53 am Post subject:

Hi krzkrzkrz,

Sorry for the non-response - things have just been too hectic in the markets over the last couple of weeks. Cool

I am not sure what you mean by "long term trading." O'Neal's methods can be short term (a few weeks) or long term (6 to 12 months) depending on market conditions at the time. I think other readers would agree with me here that you need to keep your eyes "on the ball" more often with the IBD or CANSLIM method as opposed to, say, value investing.

I would start at the following link:

http://www.marketthoughts.com/stock_book.html

From a value-investing standpoint, I highly recommend reading the Buffett and the Peter Lynch's books. Another book is "The Intelligent Investor." That should get you started. If you're looking to trade more often, I would recommend "Reminiscences of a Stock Operator."

Glad to see you here.

Henry

nodoodahs · Moderator Joined: 06 May 2005 Posts: 1731 Location: TX

texfly101 · Senior Poster Joined: 22 Oct 2007 Posts: 108

I have to agree with both Bill and Henry. I know that when I joined, that I searched out the forum and saw the Beginner's Suggestions and followed it. Those books were very informative and useful. There is also a couple of sections listed in the Site map that will help. I too have posted questions before and on occasion, it has a bit of time for an answer, but it always was forthcoming so patience can be very rewarding as can doing exactly what you did by asking again. My personal experience from when I joined was that everyone here has been very willing to give help when asked. People like Bill, Henry, and I don't name others as I am not trying to solicit them without their permission, have always been very willing to give their time generously to beginners or people asking for help. So welcome to the site. In my experience the more you post, the more you get in return. Use it to its full advantage, explore every section, its worth every penny to me...dj
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dj

texfly101 · Senior Poster Joined: 22 Oct 2007 Posts: 108

I just went back and re-read your post. Like Henry, your description of "long term trading" made me pause. And siunce you ask for suggestions, I will suggest that in addition to here, Bill Remple's websites, billakanodoodahs and The Remple Report will truly help in learning about systems for trading. I was in the same manner as you and Bill really helped with understanding about trading, systems, and terminology. Check his stuff out.
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dj