So, that’s it. Yet another blow – two actually – to add to my trading journey. My broker informed me that they’re closing down.
I first heard about Adam Grimes on Chat with Traders. He struck me as somebody who has put a gigantic amount of research into his study of technical trading.
The amazing thing is that he teaches at least some of his insights in a free online course. Yeah, I hear you… yet another free course by some salesy trader. But no, it’s not!
Starting out I thought I’d need to create a brand-new list of tickers for every trading day because I was mainly looking into day trading at the time. Listening to the Chat with Traders podcast offered me a new idea. Quite a few traders there seemed to focus on just a few stocks. How many “a few” actually means differs from person to person. However, the idea appealed to me.
This book was mentioned by a few of the interviewees on Chat with Traders. Eventually, I decided to get a hold of it and see what the fuss is all about. I snapped up second hand copy – probably the best investment of 4 GBP since long!
Reminiscences of a Stock Operator by Edwin Lefèvre was first published in 1923, but seems to provide timeless insights into the workings of the stock market. It is written as if it was an autobiography recollecting the experiences of a stock trader who the author calls Larry Livingstone. Apparently, it is based on the famous trader Jesse Livermore.
When I started my research on trading, I got the impression that using social media is not only quite useful, but almost essential to develop as a trader. Now that I have dabbled with the whole thing, I am in two minds. A newbie should be careful.
New Trader Rich Trader is a basic introduction to trading for newbies authored by Steve and Janna Burns. It’s been a wee while since I’ve read it. So, I thought I’d better write something up before I forget completely.
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