Sunday, April 26, 2009

Books

Read a lot this month. Recommend those in bold.

Tuesdays with Morrie, Blink, The Tipping Point, Freakonomics, The Last Lecture, Outliers, The Goal, Return of Depression Economics, How to Trade in Stocks, The Crowd

I literally keep these trading books by bedside.

Reminiscences of a Stock Operator by Edwin Lefevre
Stock Market Profits by Richard Schabacker
Fooled by Randomness by Nassim Taleb

Saturday, April 18, 2009

Sit Tight

Market ran quite a distance since system z buy signals on 23rd Mar. No sell signals yet from program. Sit tight.

Remember and accept the fact that as humans, its beyond our powers to predict the future. We cannot pick the top. If we try that, a trader would got out before EZRA can run from 60 cents to $1, since buy signal one month ago. How to have huge profits or multibagger?

Investors cannot trade.
Traders cannot sit tight.

Thats probably why only a handful ever make money in market.