Sorry, technical was definitly the wrong choice of words lol. I mean would it be a good book to start with as a beginner with little background info on stocks other than micro and macro economic courses.
First you need to study different strategies and find out which works best for you.
prochobo
10+ year member
Sedan Sleeper
Micro and macro teach you nothing about investing. Finance is what you want.
Macro and micro economic trends can give you an insight to the economy as a whole if you are top down investor.
If you are bottom up investor, finance comes in more handy.
i play the penny stocks.
Good Luck. If that is your strategy, that is fine. It is defintley not for everyone though.
snoopdan
5,000+ posts
Banned
Id love to get into investing as diehard as I am into car audio, I just dont exactly know where to begin //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif I have played a few games here and there and picked a few very good performers in high end technology stocks, but at the time I had no cash to invest. now I do //content.invisioncic.com/y282845/emoticons/naughty.gif.94359f346c0f1259df8038d60b41863e.gif
Plus I need a new hobby, car audio is makeing me bankrupt //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif ..... oh wait, maybe this isnt such a good hobby to get into either //content.invisioncic.com/y282845/emoticons/uhoh.gif.c07307dd22ee7e63e22fc8e9c614d1fd.gif
Plus I need a new hobby, car audio is makeing me bankrupt //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif ..... oh wait, maybe this isnt such a good hobby to get into either //content.invisioncic.com/y282845/emoticons/uhoh.gif.c07307dd22ee7e63e22fc8e9c614d1fd.gif
There is different types and strategies...
Do you want something where you "do" something every day; something you look at every now and again, or a mix?
bigbirney420
10+ year member
CarAudio.com Veteran
Kind of like going to the casino, but can be fun
yes i play lotto plays. Theres been a bunch of good ones going around htese days.
//content.invisioncic.com/y282845/emoticons/yumyum.gif.0556df42231b304b9c995aefd13928a8.gif
like stated, these courses give you an insight into the economy as a hole, but thats the point is that i have little background knowledge into this other than that and basic accounting courses(which have taught me more about stocks than econ classes)
but my original question is still is Jim Cramers book goign to be too advanced to start with since im a complete noob???
Jim Cramer is good guy, used to be a hedgie so he gives good insight. Cramer has good IPO plays if you watch his show, in addition to earnings play.
the thing is, next day after Cramer reccomends a play, it gets overbought real fast. Then it pulls back. If you watch them daily (as I do sometimes), you can short them after amateur hour, cover before 11 am, then go long. This is always consistent.
I reccomend paper trading first.
the thing is, next day after Cramer reccomends a play, it gets overbought real fast. Then it pulls back. If you watch them daily (as I do sometimes), you can short them after amateur hour, cover before 11 am, then go long. This is always consistent.
I reccomend paper trading first.
Flip made some good suggestions:
Here are a few alternative reads to get you started:
The Millionaire Next Door - Defines wealth, how wealth is built, and gives a great blueprint for a life long plan.
Beyond Greed and Fear (Shefrin) - Combines performance with "success" and really gives clarity to how emotions come into decision making. This will save you tons of money and help to provide moments of clarity when there would be none otherwise.
Trading & Exchanges (Harris) - Help to define purpose of markets, priceless information related to market structures, roles, and how liquidity is created and maintained.
I'll circle back later when I dig through my boxes, need to get some fundamental valuation texts in here too.
Here are a few alternative reads to get you started:
The Millionaire Next Door - Defines wealth, how wealth is built, and gives a great blueprint for a life long plan.
Beyond Greed and Fear (Shefrin) - Combines performance with "success" and really gives clarity to how emotions come into decision making. This will save you tons of money and help to provide moments of clarity when there would be none otherwise.
Trading & Exchanges (Harris) - Help to define purpose of markets, priceless information related to market structures, roles, and how liquidity is created and maintained.
I'll circle back later when I dig through my boxes, need to get some fundamental valuation texts in here too.
He is useful at best... entertaining and makes a ton of sense but please do not follow him as your primary source of investment analysis.
If you had 100k saved, you should be investing 5k or less into Cramer's strategies. He is a pure short-term investment strategist on his show. Notice how he rarely covers blue-chip companies and is always looking volatility plays.
The whole bulls make money, bears make money, but pigs get slaughterd theory only works for 6-12 month windows. Most of the time those pigs will outperform over a 5 year period.
like i said, i like volatility.
played HMGP earlier this year, nice 4400% gain. Now its been red, looking for reentry.
Stocks in portolio now
DORB- Chart play
GAXY - Pump and Dump play next week
AUZR - Nothing really, R/M
CLBE - Stem Cells, good news other day
PMCL - Wal mart possible
played HMGP earlier this year, nice 4400% gain. Now its been red, looking for reentry.
Stocks in portolio now
DORB- Chart play
GAXY - Pump and Dump play next week
AUZR - Nothing really, R/M
CLBE - Stem Cells, good news other day
PMCL - Wal mart possible
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