
The full title of that second book I recommended is:
"Chart Your Way To Profits -
The Online Trader's Guide to Technical Analysis"
By Tim Knight
Yes... "the story of the monkeys" a is rather educational one... :)
That story highlights the true nature of the stock market in no uncertain terms!
Thus, to take this into account, it is very important not to trade in a haphazard manner,
but to do so by observing the actual market activity that is occurring by means of charts!!!
Two useful books to own forever are:
"7 Chart Patterns That Consistently Make Money" By Ed Browns
and
"Chart Your Way To Profits" By Tim Knight
Hope this tip helps a lot!...
thats how $ r made....and lost again....sigh...
Yes...
But the catch is... the same principle is also recycled in the stock market... many many times...!

The sheer irony of it all...
recycle joke...
haha... I think this joke has appeared on SJ like 3 to 4 times already...

Does this sound familiar ?? ............ .
Once upon a time in a village, a man appeared who announced
to the villagers that he would buy monkeys for $10 each. The
villagers,seeing that there were many monkeys in the forest,
went out and started catching them.
The man bought thousands at $10 each. As supply started to
diminish and villagers started to stop their efforts, he
announced that now he would buy them at $20 each.
This renewed the efforts of the villagers and they started
catching monkeys again. Soon, the supply diminished even further and
people started going back to their farms.
The offer rate was increased to $25 each and the supply of
monkeys became so scarce that it was an effort to even see a
monkey, let alone catch it.
villagers,seeing that there were many monkeys in the forest,
went out and started catching them.
The man bought thousands at $10 each. As supply started to
diminish and villagers started to stop their efforts, he
announced that now he would buy them at $20 each.
This renewed the efforts of the villagers and they started
catching monkeys again. Soon, the supply diminished even further and
people started going back to their farms.
The offer rate was increased to $25 each and the supply of
monkeys became so scarce that it was an effort to even see a
monkey, let alone catch it.
The man now announced that he would buy monkeys at $50 each.
However, since he had to go to the city on some business, his
assistantwould now buy on behalf of the man.
In the absence of the man, the assistant told the villagers
"Look at all the monkeys in the big cage that the man has collected. I
will sell them to you at $35 each and when my boss comes back,
you can sell them to him for $50 each."
The villagers queued up with all their savings and bought all
the monkeys.
However, since he had to go to the city on some business, his
assistantwould now buy on behalf of the man.
In the absence of the man, the assistant told the villagers
"Look at all the monkeys in the big cage that the man has collected. I
will sell them to you at $35 each and when my boss comes back,
you can sell them to him for $50 each."
The villagers queued up with all their savings and bought all
the monkeys.
After that, neither the assistant nor the businessman could
be found anywhere but the monkeys were everywhere!
be found anywhere but the monkeys were everywhere!