Stock Books For Beginners: Investing Beyond the Pages

Stock books for beginners

Stock books for beginners

Stock books for beginners not worth the paper they are printed on

Dear sir or madam, allow me to offer a word of caution regarding the plethora of investment tomes flooding the market. Most of these books, written by self-proclaimed experts, are of little value and do nothing more than line the pockets of the author. The notion that one may become wealthy by following the advice of these so-called authorities is, quite frankly, absurd.

In fact, numerous studies have shown that the success rate of throwing darts at a stock market listing is far more favourable than heeding the advice of these “pundits”.

Instead of wasting your time and hard-earned money on such volumes, I implore you to focus on mastering the principles of mass psychology. Utilize free resources available on the internet and put in the necessary effort, and you will find yourself in a much stronger position than if you had relied on these books.

Uncovering the Best Free Investment Resources on the Web: A Guide for Beginners

Ah, ’tis true indeed! Most self-proclaimed experts and their “advice-laden” books are nought but a ruse, a fanciful facade meant to line their pockets with gold. Nay, t’would be more profitable to teach a monkey to throw darts at a stock chart than to pay heed to these charlatans.

Fear not, good sir or madam, for there are aplenty of free resources available to improve one’s stock market acumen. Scour the internet and seek out the top 10 tools to aid in informed investment decisions. The masses may be swayed by the pretentious words of so-called experts, but with a firm grasp on Mass psychology and a bit of elbow grease, you shall be in a far superior position to make sound investments.

Remember, ’tis your hard-earned coin and you must take responsibility to educate yourself. The internet has made it all too easy for fools to claim expertise but ’tis up to you to differentiate between valuable information and foolishness. Market sentiment is driven by the masses, so understanding Mass psychology should be your primary concern. The key to investment success lies in this understanding.

Yours truly, a voice of reason in a sea of investment fiction.

Uncovering Market Moods: Top Sites for Tracking Investor Sentiment Data

Tactical Investor Intro to Using Market Sentiment Data

NYSE Breadth

Sentiment Data

These links will give you the latest Economic data as well as upcoming economic events such as CPI, PPI, Unemployment numbers, etc.

Economic News 

Economic News & Charts 

The best way to make money is to invest in the strongest sectors and the most reliable stocks in areas. This site helps you find that information.

Sector Strength

Bar Charts 

Another way to find the best stocks is to list the criteria you are looking for. for example, companies with strong quarterly earnings, strong quarterly revenue growth,  Low P.E., etc. make the best long-term investments.

One of the Stock Screeners

Finviz Stock Screener 

This site will provide you with information regarding upcoming earnings.  In general, it is not a good idea to open a position before earnings are released unless you are sure that the company is going to do well. One way to find this information is to monitor business news releases. Sometimes the Ceo will come out and state that the outlook is excellent, and the product or earnings to date are higher than normal.

Earnings Info 

Yahoo Earnings Calendar 

Technical analysis can greatly enhance your stock market returns as it provides you with information as to when a stock is overbought or oversold. Overbought means that too many people are jumping into the stock and vice versa.  This site will provide you with the information you need to understand the basics of Technical Analysis. Then you can move over to the resources that are listed below.  Always remember that the best time to buy is when the masses are panicking and the best time to sell is when the crowd is jumping up and down with Joy.

Technical analysis for beginners

Incredible Chart

A Great online source for Charts 

Big charts 

Free Charting software

Stock Analyzer 

This is a great place to paper trade.  With a portfolio tracker, you can track your performances and see if you are getting into the right stocks at the right time. Paper trading provides you with the opportunity to test your trading skills. Only when you win more than you lose, should you look to commit some money to the markets.

Portfolio Trackers 

Free Portfolio Tracker from Google 

Overview of Mass Psychology and Contrarian investing

Indeed, as a discerning investor, one must grasp the fundamentals of Mass Psychology in order to be successful in the realm of Contrarian Investing. Mass Psychology, in its simplest form, refers to the study of the thoughts, feelings, and behaviours that are prevalent in a given population. As one may imagine, these collective attitudes play a crucial role in determining the direction of financial markets.

The Contrarian Investor, therefore, must be adept at recognizing these prevailing sentiments and have the wherewithal to go against the grain. This entails identifying opportunities where the market is overly exuberant about a particular asset or industry, and taking a contrary position when emotions are at boiling point. The objective is to be invested in assets and industries that are undervalued and out of favour, with the view to profiting when the market inevitably turns.

It goes without saying, however, that this is not a game for the faint of heart. The Contrarian Investor must be well-versed in the ways of the markets, and be prepared to do their due diligence. This entails taking the time to educate oneself on the markets and sectors in which one intends to invest, and using technical analysis to inform investment decisions. A comprehensive plan, including profit targets and an exit strategy, must also be devised.

the key to successful Contrarian Investing is an understanding of Mass Psychology and a deep appreciation for the markets. By heeding these guidelines, the discerning investor will be well on their way to reaping the rewards of this challenging, yet ultimately rewarding, investment style.

Other interesting information 

Mass Psychology Introduction

A clear illustration of the mass mindset

Comic Strip Illustrating Mass Mindset

Lessons in Mass Psychology