Others   

Nice article by singaporegal

In terms of what appeals to you right now, no one can help you make the selection. It is best for you to frequent the bookstores eg. Kinyokunya, Borders, Mph... and build up your own library of books in stages. Learning is a continuous. Treat each book as a person, not just a book. In this regard, it is preferable to choose those books that tell you how the writer personally trades for himself. I would avoid buying a book written by a funds manager, for example, for the simple reason that he is not trading for himself, but with other people's money.

 

maybe can go to terraseed for basic course 1st.. ppl at 30's got problem reading and learning from books..

 

Hi NewS&S13,



I had the same problem last time... this is what I suggest you do. Buy any TA book that explains the various charts and their formula to you. There are tons of such books out there. Go for the cheapest and the briefest... it doesn't make a difference.



Take note that these generic TA books will NOT teach you how to trade... they will just tell you about each chart and what it does by itself.



After you've learned the basics of TA and have a rough idea what its all about, its time to start learning about a trading TECHNIQUE. This usually means making use of a combo of charts and indicators. This is the time when you can get a Larry Williams book.

 

so Singaporegal, Thanks for the advice, i will  have a look on Accumulation/Distribution and Williams %R, ur book  ,

 Long-term Secrets To Short-term Profits


is too deep for mi, i did try to read abit on borders, maybe is more sutiable for those already knows TA well.. 

U have any good TA book for beginners?

Thanks

 

I have been in the market for the past 25+ years....thru its many ups and downs......Pan Elec crisis, 19 Oct (1987?)Black Monday, Dot com meltdown (though I never got involved with dotcom Cos.), 911, SARS.....got caught many times.

Somehow, the recent uptrend prompted me to take a cautionary stand and take some profits (been selling since Wed)....to collect some ammo to take advantage should there be a consolidation/ pullback.

Just my gut feel.....

 

On the other hand, it may be just a 'trick' of sorts. The Dow's very reassuring on Friday.  :)

 

Its hard to tell because I'm away from Singapore right now... but my gut feel is that the sudden selling at Friday's end may not be over yet. It could spill over to Monday. Anyway, we'll see tommorow.



I'm still wondering about that spate of selling....

 

By the way, Singaporegal... Are you optimistic about Monday's market?

 

haha.... me no guru lah... I just happen to chance upon a good book.



Hi NewS&S13, I suggest when you first start learning TA, find a technique that is suitable for you. Remember a rule always - in trading, always keep it simple! The more complex a trading system is, the more its prone to errors.



I suggest you learn about Accumulation/Distribution and Williams %R. When I first started using TA, just these 2 charts were good enough for me to construct a trading technique. BTW, its important to understand the mathematical formulas so that you understand how it works.

 

Larry Williams's (Singaporegal's guru) book,

 Long-term Secrets To Short-term Profits

may not be suitable for beginners, but it is good to buy it now so later when you are more experienced, you can still use it as your permanent "bible" for your trading career. Since it is such a good book, it may get sold out fast, and then you may have to wait. Online ordering is most convenient.  :)

 

Larry William's Book

 

Hi Singaporegal,  i read ur article n is a very good article,  it inspirsed mi to read more on TA, but i m lost in choosing which book is good for a beginner who dont knw anyrthing on TA other than simple terms of MA, MACD, MI, some basic patterns of chart..

I went to Borders, feel lost on which TA book to buy n read, so many of them n all sayin a must read TA book for beginner investor.

may u recommend one TA book suitable for a beginner? 



thanks alot

 

haha... I'm in a different state from you lah...

 

hey singaporegal

i am currently vacationing in sydney till the end of the year. live in the CBD, near circular quay. wanna meet up? ;)

 

Hey, Singaporegal .... So you are in Aussie land now ya! Saw your postings in 'STI' from the cafe and your hotel. Hope you can get used to the Aussie accent. Heehee! (Can't stand it) Bet the weather is hot there now? Btw, which part of Aussie you in? Shiok holiday ya!

 

thank you all... really overwhelmed... xie xie!

 

Thank you ah singaporegirl. Excellent pointers worth remembering. Will see if I can improve with your additional insights on trading. Have a great vacation!!

 

Thank you very much, Ricardo!..Short n Sharp article..:>

 

Looks like singgal is the smart one to sell out everything last week! Bad tuesday....

 

Hi Sporegal, would also like to take this opportunity to thank you for all the advices given and wish you a safe and enjoyable trip.