As for the books, the first one I read was "Massive Profits in Penny Stocks" which you can get for free by visiting http://superstarsoftrading.com. It is definitely a must read for penny stocks. I am not a penny stocking guy but you know I like reading as much as possible about trading, and this book can definitely help you understand the world of penny stocks and use the strategies exposed by the author in order to be profitable. And although you may or may not be a penny stocker, this book is for free anyways ;) Don't go naked to the penny stocks war!! You are warned.
The second one was Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
Written by Curtis Faith, one of the turtle students, it details the system used. The most important thing I learned from this one is that the system is not the main point in being successful, but Money Management is. Position size, risk tolerance, trading psychology, discipline. It's also great at explaining how to design your own system, consequences of over adjusting or curve-fitting a system, meaning of back-testing, statistical significance of the data tested. I don't think it is a good material for beginners as it deals with some complex terminology at times. Also, it is more oriented towards longer term investors. However the lessons exposed are really valuable to any swing trader or day trader out there in general terms, or anybody interested in designing a trading system.
Third one Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition
As usual, Investimonials can help you determine if you want to invest some of your time on these readings before you even get started. Go check some reviews.
Have a good one guys!
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could you send me a copy of massive profits in penny stocks please?
ReplyDeleteemail: trader2704@hotmail.com
thank you!!!
Thank you for your comment Anonymous.
ReplyDeleteUnfortunately, I cant send you a report as I don't trade penny stocks.
Thanks for reading.
Good luck!