Michael Lewis’s new book Flash Boys talks about how the High Frequency Trading technology employed by many Wall Street trading firms that co-locate their servers extremely close to the actual stock exchange are front running everyday human traders.
Watch the video:
http://www.bloomberg.com/video/how-did-russian-programmers-become-finance-wizards-5TDugTkoTZS4k9czncfEWQ.html
The year 2013 was quite a busy year, so of course when I am on the move so much and time is limited it affects when I can pick up a book, sit down and read. In year 2012, I finished roughly 21 books but 2013 I went through 15 finance related books.
Note: You will see other books in the list, but I didn’t put a number beside them because it wasn’t finance related.
In late 2011, I decided to get serious about learning about macro, micro economics and as well to improve drastically my trading skills which includes finding trading opportunities, entry and exits. Above all the one thing I wanted to improve the most was my “trader psychology”. By knowing how to think like a trader properly, I should be able to improve all aspects of my trading process which will show up in my improved win/loss ratio and overall returns.
As it is the Christmas holiday season and I am off work for 2 weeks, I thought I reflect on books I have read in the past and how those books have helped me in my finances.
Below is the list of books that I have read from 1997 to 2011.
This 1 hour audio book is definitely worth a listen by anyone wishing to achieve in the endeavor of trading or investing. If can get past 2 years without blowing your account, you are on your way.
However, to really be a consistent trader, investor it would realistically take 4-5 years at which time all the money you lost is just the “tuition fee”.
In DVD 3 of the Tim Sykes PennyStocking trading course, he again goes into details about who he is and how he came to be know as the “Barmitzvah Kid.” He re-iterates the fact that he took his $12,415 Barmitzvah money and turned it into 1.5 million dollars in like 5 years.
Timothy then goes into some detail about some rules he has learned the hard way, and that viewers of DVD 3 of PennyStocking can benefit from these rules which are a result of his mistakes.
In the second PennyStocking DVD by Timothy Sykes he continues to go into how he reads or interprets stock charts. Tim walks you through play by play pattern views and shows you what events happened where. Sykes doesn’t like to play penny stocks with messy charts, and he basically tells the viewer to stay away from stocks with messy charts, until they clear up.
He walks you through in-depth looks at these chart patterns:
Here’s a quick review on DVD #1 of Timothy Sykes PennyStocking DVD Course.
On this first DVD of penny stock trading Timothy goes through the following:
Disclaimer – Tim Sykes quickly describes that the PennyStocking DVD course is just for entertainment and educational purpose. However he goes to mention of course, that he is ultimately not responsible for trading losses.
If you haven’t heard of Timothy Sykes he is a young lad that became famous when he turned his barmitzva money of $12,000 some odd dollars to like 1.8 million dollars in like 5 years.
Don't forget to bookmark or LINK to this site! (CTRL-D)
Learn to pay off debt, save money, spend wisely, invest and trade stocks and options at MoneyAccumulator.com
You are currently browsing the archives for the Book and Course Reviews category.
Back to Home Page
MoneyAccumulator.com
