I’ve been thinking of a buy-and-hold strategy since I’ve read Graham’s book but since I’m just an average investor and there is a small market here in my country for buy-and-hold to work, I would like to ask what books I should read about ‘trend trading’?
I don’t want to speculate since I’ve learned from the book the pitfalls of too much speculating. But I’d like a book that could teach me how to ‘trade with care’ or to take advantage of the volatility of the market to know when to buy and when to sell. Something as humble and cautious as Graham’s Intelligent Investor and not something that is preachy. Graham mentioned trading with care in his book but only in passing since he’s more concentrated in a long-term investment strategy.
Anyone? Is One Up in Wall Street a good buy or does Lynch advocate the very same strategy?
Related posts:
This may not be exactly what you’re looking for….. but it’s well worth the read;
The WallStrip Edge, Howard Lindzon
Mr. Lindzon is a self made multi-millionaire. He has run a hedge fund and is constantly involved in planting seed money in new venturers (including StockTwits.com, Wallstrip.com etc.).
Good books for swing trading (shorter term…)…. include;
(These two books are always in the list of top 10 trading books by many traders);
Trading In The Zone, Mark Douglas
Mastering The Trade, John Carter
One thing you’ll pick up from all three of these books;
Trading Money Management is just as important as finding the "right" stock.
All three books are strictly anti "buy and hold" philosophy.
I would not bother with books, videos are the best training medium especially for learning something like trading since it is a very visual activity and you really need to see the charts live or at least in play back mode to get a real sense of what is being taught