- What is contra trading?
- How do you get a brokerage licence and become a stock broker?
- What is the difference between IPO offer shares and placement shares?
- Who decides the opening price of a stock? (How does pre-opening work?)
- Choosing a brokerage house
- What is 1 lot?
- How to trade on the Singapore stock market?
Tips to life from a Stock Trader
Posted on 3:29pm, 21st Mar 2009 in
I just borrowed this book, Jesse Livermore: World's Greatest Stock Trader - By Richard Smitten, from the library yesterday. Basically Jesse Livermore is known as the world's most famous stock trader, having made millions, lost it, and made it again. He's also the inspired character in the book 'Reminiscences of a Stock Operator' which is one of the compulsory read books if you ever want to do trading in an Investment Bank. Basically the book starts with the idea that there are four simple themes to learn from the life of a Stock Trader. 1) Human nature never changes. Therefore, the stock market never changes. Only the faces, the pockets, the suckers and the manipulators, the wars, the disasters, and the technologies change. The market itself never changes. How can it? Human nature never changes, and human nature runs the market - not reason, not economics, and certainly not logic. It is our human emotions that drive the market, as they do most other things on this planet. 2) The achievement of material goals and career ambitions does not equal the achievement of happiness in life. there is no correlation between success and happiness. There is no automatic balance between worldly success and emotional fulfillment. 3) It is our will that allows each of us to accomplish our goals, not our intellect. Talent is not enough. Luck is not enough. Only the will to suffer hard work and incredible persistence leads to the attainment of the impossible. There are no shortcuts; there is no easy way. Especially, as you'll find out, in the stock market. 4) It is the individual, not the group, that has led to the great discoveries of humanity. The great ideas, the great fortunes, and the giant steps forward in technology, politics, and medicine have all come from individuals, not groups. Can we really learn and assimilate such life information from a simple book on stocks trading?
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I'm just a low level English
I'm just a low level English language student. But i agreed that "human emotion to drive the stock market!!"I want to get a license, because i more interesting on what the stock market going on NOT the trading.Thank you.
Looks like the writer has
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I have heard that stock
I have heard that stock markets are becoming very popular but I still do not understand this!
Only the faces, the pockets,
Only the faces, the pockets, the suckers and the manipulators, the wars, the disasters, and the technologies change. The market itself never changes. How can it? Human nature never changes, and human nature runs the market - not reason, not economics, and certainly not logic. watch harry potter 6 online | watch movie | 500 days of summer online | watch the ugly truth online
Good
Thanks for sharing. It is really helpful!!
Sweepstates
It is good to see you verbalise from the heart and your clarity on this important subject can be easily observed.
Tremendous post and will look forward to your future update.
Nice post
I am not much into reading, but somehow I got to read lots of interesting articles on your site. We will look forward for future updates.
Thanks
Good Article
I admire what you have done here. Simple to understand and helpful. Thank you for sharing. We will look forward for your future updates.
Thanks
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