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  • 1. Your Questions About How To Invest In Stocks BooksLinda asks…Books for investing and stock trading?any suggestions for stock trading books or long investing books? btw ive already got how tomake money in stocks" by william oneil, personally i think its a really good book, i want to learnmore useful information and strategies!!Steve Winston answers:Warren Buffett mentions every year that he advises everyone to read his former mentors book"The Intelligent Investor"Also, I recently talked with Mark Fischer, multimillionaire trader who owns the biggest clearingfirm at the New York Mercantile Exchange who wrote a book called "The Logical Trader" whichuses stats and math to come up with the best probable points to buy anything based uponmoving averages and timelines.Either one of these would be great reads (or you could read both) 1 / 12
  • 2. William asks…good books for learning about stocks ? and couple questions ?im currently reading Getting Started in Stocks by Alvin D. Hall.any other suggestions ?i am a young man trying to learn how to invest my money in stocks. i want to knoweverything, i have been playing virtual stock exchange online to get a feel for the stock market.how can i pick good stocks ? what books should i be reading ? WHAT SHOULD I PAYATTENTION TOO in the stock market ? what is basic knowledge i should know about the stockmarket ?Steve Winston answers:Dear johnny,I suggest you to sign up for the Free Weekly Wealth Letter, the e-mail newsletter packed withmoney-making investment ideas will be delivered to your inbox every Tuesday morning.Weekly Wealth Letter is loaded with unique insights and powerful resources for wealth buildingthrough smart investing. What is it you want to do? Get rich through smart investing? Become a 2 / 12
  • 3. millionaire? Thrive in an economic recession?Ken asks…If i want to learn how to invest in stocks, where should I start?Im 18 and in college, but I know nothing about investing in stocks. What websites or bookswould you recommend. Im willing to do heavy reading..Steve Winston answers:Before you enter into any transaction, you should first know what you’re doing, why you aredoing it and how to do it and the rules relating to what you are doing.Before you invest in any security, the first investment you should make is in yourself, and thebest investment you can make is by educating yourself.Start your education by learning why you should invest and the importance of being able tomake your own decisions or how the pro’s make theirs. 3 / 12
  • 4. Here is some reading material that can get you started in the right direction,Beating the Street by Peter LynchBulls Make Money, Bears Make Money, Pigs Get Slaughtered, by GalleaFrom Riches to Rags, by I.C. FreeleyMillionaire Traders, Lein & SchlosbergHow to Make Money in Stocks” by William O’Neil24 Essential Lessons for Investment Success by William O’NeilThe Intelligent Investor, by Benjamin GrahamCommon Stocks, Uncommon Profits, by Philip A. FisherOne Up on Wall Street by Peter LynchStocks for the Long Run, by Jeremy SiegelThe Interpretation of Financial Statements by Benjamin GrahamTrading for a Living, by Alexander ElderWhat Works on Wall Street by James OShaunesseyYou Can Be a Stock Market Genius by Joel GreenblattYour Money and Your Brain by Jason ZweigGet into the habit of making daily visits to some websites like MSN Money and Yahoo Finance.(http://moneycentral.msn.com/home.asp , http://finance.yahoo.com/ . While at MSN followingthe strategy lab analysts to get a feel for what the pros are doing and why. This site has somebasic information for beginners. If any site offers free information, take it.Other website that can provide instructions and help with procedures and terminology areInvestopedia - http://www.investopedia.com/ Stock Charts - http://stockcharts.com/,http://www.investorshub.com/ http://www.1source4stocks.com/,http://www.tradingstocksguide.com/tradin…Visit some of the more professional websites like Zacks - http://www.zacks.com/ Smart Money -http://www.smartmoney.com/ Schaeffer’s http://www.schaeffersresearch.com/ Some of theseweb sites will have advertisers who are worth looking into also. And remember, if they offer freeinformation, get it.Attend all the free seminars you can, just be careful and don’t get pressured into anything youreally don’t want or need. Most schools offer courses in finance and economics, but very fewwill have courses on the mechanics of the investment markets, if they do try taking the course.You may want to consider on-line courses, the New York Institute of Finance use to have suchcourses. Try to get some fee information from the stocks exchanges they all have (had) freebooklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some freeliterature.You at least have made the right decision to start investing, this is the first big step and it won’tbe your last. Keep taking those steps forward and along the way never take the advice frompeople that are not in the market or try to tell you not to invest.Good luck on your journey 4 / 12
  • 5. Mark asks…Good books for learning about stocks ? and couple questions ?im currently reading Getting Started in Stocks by Alvin D. Hall.any other suggestions ?i am a young man trying to learn how to invest my money in stocks. i want to knoweverything, i have been playing virtual stock exchange online to get a feel for the stock market.how can i pick good stocks ? what books should i be reading ? WHAT SHOULD I PAYATTENTION TOO in the stock market ? what is basic knowledge i should know about the stockmarket ?Steve Winston answers:There are literally thousands to choose from and every guy has favourites - Mastering TheTrade by John Carterwebsites include - 5 / 12
  • 6. stoxline.comdailystocks.comfreestockcharts.commarketwatch.comft.comincrediblecharts.comquote.comone of the most important factors is psychology and how YOUR mind/personality determines ifyou gain or lose money....Mary asks…How do I invest in these stocks and find them? HELP?READ THEN GIVE INPUTLook bellow at Diedrich coffee DDRX over the past six months (chart at the bottom of this) it hashad a massive gain: Stocks like this one and others that I seen come out of what is called a"Narrow Sideways Price Channel"! In other words in this case it was at a relatively FLAT priceor price channel when it was a penny stock and then it stated picking up momentum. There is arule I once remember reading in an investing book that if a stock or commodity is in a narrowflat price range: if it STARTS to gain momentum in will generally continue on in that directionuntil resistance is met. In other words if there is a 20 dollar stock and it stays almost the sameprice for 3 month but then all of a sudden starts falling to 18 and bellow, then it will probablyKEEP going down for a long time to come i.e. falling demand. The same holds true for thisstock if a stock thats 35 cents which it was and stays flat and then goes to 1.10 there is a goodchance it will keep going up i.e. rising demand. I have SEEN this pattern before its amazinghow it seems to work. SOOOO how can someone screen for this or find this? IS there softwarefor finding horizontal narrow price channels? 6 / 12
  • 7. http://moneycentral.msn.com/investor/charts/chartdl.aspx?showchartbt=Redraw+chart&D4=1&DD=1&D5=0&DCS=2&MA0=0&MA1=0&C5=1&C5D=26&C6=2009&C7=4&C7D=1&C8=2009&C9=0&CF=1&symbol=DDRX&nocookie=1&SZ=0&CP=0&PT=5Steve Winston answers:Well there is a couple of problems using this stock as the basis for your thesis. DDRX wasadded to the Russell 2000 Index in June which means all index and ETF funds that replicate theindex would have had to buy it to properly replicate the index returns which means the stockwould go up on that news alone. The stock really jumped in April which corresponds with thefirst period they reported an operating profit in their history, a profit that equates to 25 cents ashare which is substantial considering the stock was trading at 49 cents at the time. It isbenefiting from the growth in Green Mountain Coffee which has experienced exponential growthas it was recently chosen by McDonalds as its exclusive coffee maker.Http://www.fool.com/investing/general/2009/07/09/4-winners-that-will-be-losers.aspxThe key to testing a model like you are describing is testing it on a number of different stocksthat fall into the screen and ensuring that the model works in more than just one situation.DDRX is a small cap stock that is closely tied to another company and is benefiting from thatrelationship, that is a great fundamental story, but its not a statistically significant one. Its easyto pick a stock like this and apply your thesis and say "see it worked" but the fact is that this isnta normal case. 7 / 12
  • 8. Mandy asks…I want to learn the basics of how to invest in the stock market (wutbooks can i read?)?or sites can i go to? my roomate has an index. i was thinkingabout a mutual fund but theressomething called the high 50 dividend strategy portfolio (50 huge corporations) that elimate thepercentage the guys managing a mutual fund takes out... i dont have a lot of money.. should ijust start out with a cd till i have like 5k?Steve Winston answers:Here is some reading material that can get you started in the right directionThe first book you should read is Rich Dad Poor Dad by Robert KiyosakiThen try some of theseWhat Works on Wall Street by James OShaunesseyBeating the Street by Peter LynchOne Up on Wall Street by Peter LynchThe Warren Buffett Way by Robert HagstromHow to Make Money in Stocks” and 24 Essential Lessons for Investment Success both byWilliam O’NeilThe Disciplined Trader by Mark DouglasHeres some websites for youhttp://moneycentral.msn.com/home.asphttp://finance.yahoo.com/http://www.investors.com/?tn=top 8 / 12
  • 9. http://investorshub.advfn.com/default.aspxhttp://www.thestreet.comhttp://www.brokerage101.com/http://www.1source4stocks.com/http://www.decisionpoint.com/TAcourse/TACourseMenu.htmlhttp://stockcharts.com/http://www.grahaminvestor.com/http://www.thestreet.com/http://www.morningstar.com/There are many people just like you that are, or were looking to invest and those that did boughtMutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to helpinvestors like you, who are either just entering the investment world or who have no investingexperience. Once you feel you at least have an understanding of investments you should lookinto ETFs which are similar to mutual funds but are traded on the exchanges.Mutual Fund companies as well as ETFs have an entire array of products many will fit yourneeds. You can go to the MSN.Money websitehttp://moneycentral.msn.com/home.asp it has an entire section on mutual funds and ExchangeTraded Funds. Read about the various products and in doing so you will be getting investmentideas and at the same time educating yourself about investing.You could also contact the funds companies for more information. I have found that Vanguard &Fidelity can meet your needs for mutual funds. The service and information they provide is allfree and you will find it helpfulAt least you smart enough to try a study what to do and not just jumping into thingsWith your mature approach and some studying, youll do well 9 / 12
  • 10. David asks…I want to invest into stocks, can anyone guide me or pleasesuggest me books to read for starters.?Im a student who has no knowledge about stocks. I would like to invest in stocks for myself.could anyone guide where and how to start or perhaps any good books to read for starters.Thanks Heaps,VenkatSteve Winston answers:Start here:http://www.fool.com/ 10 / 12
  • 11. Maria asks…good books on stock market investing?I was looking around on amazon for a good book to help me learn how to propery chooseprofitable stocks to invest in, it seems flooded with a lot of "how you can make a billionsdollars like me" books. Just wondering if anyone has any good recomendations? it would alsobe awesome if it was a recent book that maybe took into account all the crazy stuff that hasgone down in the past couple years. Thanks!Steve Winston answers:Here is some reading material that can get you started in the right direction. The all have beenwritten by professionals with years of investing experience.Beating the Street by Peter LynchBulls Make Money, Bears Make Money, Pigs Get Slaughtered, by GalleaFrom Riches to Rags, by I.C. FreeleyMillionaire Traders, Lein & SchlosbergHow to Make Money in Stocks” by William O’Neil24 Essential Lessons for Investment Success by William O’NeilThe Intelligent Investor, by Benjamin GrahamCommon Stocks, Uncommon Profits, by Philip A. FisherOne Up on Wall Street by Peter LynchStocks for the Long Run, by Jeremy SiegelThe Interpretation of Financial Statements by Benjamin Graham 11 / 12
  • 12. The Warren Buffett Way by Robert Hagstrom Trading for a Living, by Alexander Elder What Works on Wall Street by James OShaunessey You Can Be a Stock Market Genius by Joel Greenblatt Your Money and Your Brain by Jason Zweig Good luck, at least you smart enough to do some studying on your own. Take your time, learn all you can and you WILL become a successful investor. Powered by Yahoo! Answers Read More… Your Questions About How To Invest In Stocks Books 12 / 12Powered by TCPDF (www.tcpdf.org)