memoirs of extreemly popular delusions is a free etext on project gutenberg..
Stock operator is such a good book people have made pdf of it on the web. search in google "Stock operater pdf"
I have not read the other book myself though heard it mentioned and no doubt with a title like that it will be good.
Only started memoirs of extreemly popular delusions.
Stock operator is a n excellent star as is applies all the experiences to real trading of the past . Each chapter is a "demonstative lesson".
IMO nothing has changed every thing applies.
Watch the markets long enough with enough continuity and you will see manipulation.
Ive witnessed it many times my self.
Read a previous post which agrees with what andrew says,
http://www.housepricecrash.co.uk/forum/ind...wtopic=8861&hl=There is an overall money flow from the many to the few, and like every where else in life there is no paved road to success in the stock market, on top the powers that be additionally hinder the many seekers by blocking traffic sending most of them back from the journey with mostly net losses for each of them.
The requirments for succes in the stock market are common to other productive activities you could imagine.
Judgement,
Analysis
CRITAL REVIEW & APPRAISAL OF MANY DISPERATE SOURCES OF INFORMATION
and yes effort too.
Learning relationships between various known, expected and unexpected variable forces all interacting. (see why the city employs many physics/engineering grads)
Bring all the strand together to form a few likley senarios, then assessment of opportunity for loss and profit, all in real time as the information streams in and the market conditions change.
And in almost all other things we lean from experienced hands where as in stocks, most of us loose money unsupervised...
A fine example of current manipulation is the downgrade and sell of of onxx shares recently... the cancer drug they are partnering with bayer is the most advanced and is awaiting fda approval any moment, the clinical trials and effectiveness of the drug are v impressive,.
THough most inverstors will stay away at the moment cos of the recent price falls.
Go to the web and listen to thier recent presentation..
http://biz.yahoo.com/cc/2/56542.htmlThe presentation is a long bore but all the juscy bits are tucked in at the end
Compare this to presentaions like CSCO made after thier earnings in april where they banged on about thie plus points right from the start and neglected to adress the issue of falling global gdp leading to reduced cap ex spending leading to falling client orders. they rushed over it as a given and none of the analysts reminded them that gdp is slowing for most of the clients regions. and all the other world economy downturn drivers
Onxx are soo bullish that the the stock should explode come fda approval, its is way better than pfizers cancer drug which has lots of toxicity problems.
But as a collective the media has gone bulls on pfizer and bears on onxx...
You know most investors wont look at onxx till its too late cos the manipulators trashed the price and scared every one else out. The directors are well bullish and the investment bankers analysts did not have any hard questions for them in the presentation at the end...so whay have they not called the media to put them straigt?
watch it carfully and as the price explodes on fda approval and media frenzy on roll out, then think all this was knows and presented before so why was it ignored?
Any way time wil tell.
Onxx are showing me a 6% profit on paper al ready....
btw I am only testing and learning on paper not with real cash so i dont have experience of performance to back what ive written.
Before i go to small cash trading I have to prove it works by good long term perfomance on paper. im in no rush market will be there tomorrow.
sp1
