The Right Coach/Mentor?

[angelaktariel]

Abesmith - Thanks.....yes, the only reason why I haven't jumped on tradethemarkets, as they do seem to trade futures mainly and for now I am into stocks. I do get their free videos already and love it, that is why I thought of them for being my mentor, but again I like stocks and they like futures...

I will go ahead and check out tradingeveryday.com, thanks for the tip on that.

And yesss...TL seems to be the best so far. As you said people are very nice and friendly, not mention knowledgable. The chatroom was a nice experience, as I wasn't boo'd on for being a beginner, definitely a plus, so I will be back for more.

I really just need a little start up help, point me to some directions and such. I am pretty good self study and good at researching and as I said, so far I have not made too many stupid mistakes by applying good discipline to my trades.

Just ordered Trading in the Zone book, which I know will be even more help and now trying to decide between two books on Technical Analysis. One by John Murray and one by Robert Edwards and John Magee. Any suggestions on which one? I will check the reviews here, as I know James does a great job of reviewing books.

Thanks,
Eva

[AbeSmith]

Eva,

I'm not sure about a book that deals strictly with technical analysis. Perhaps other members can give you some better suggestions. I also don't like reading very much.

However, I have 2 books that I read partly that I think you might find useful. They are both well known books.

1. Beginner's guide to day trading online, by Toni Tuner. This was the first books I bought about trading. I gave her a harsh criticism in the beginner's forum once, but in retrospect, and after reading more of her book, I think she provides useful info, and lots to do with stock trading. I'm about 2/3 done with it.
2. The Market Maker's Edge, by Josh Lukeman. I read about 1/4th of this. It has sections on technical analysis. Seems like a good book

[angelaktariel]

Hi Abesmith again,

I loved Toni Turner's book, that was the first book I read. I thought it was very easy read and covered a lot of great stuff for beginners, which I am. To me it was very beneficial. Again, wasn't too technical, easy to read. I would recommend that to someone who has no clue about it and not to mention she talks about stocks, and that is what I am interested in right now.

Not familiar with the other book you mentioned, but will check it out. I don't mind reading books, as I love to learn and that is one way of doing it, but would love to hear some feedback, as those two books have been pretty well reviewed on Amazon, however who knows who is really reveiwing those books...hehehehe. That is why I am asking here....

Another book that is awesome, well, at least I think so, is the Stock Market Wizards by Jack Schwager. I think you might find that interesting as it's interviews with top traders. I love it, as it talks about how people trade different things and with different methods. It just gives my ideas on what possibilities are out there, so it's helpful.

[AbeSmith]

	Quote:	angelaktariel
	Hi Abesmith again, I loved Toni Turner's book, that was the first book I read. I thought it was very easy read and covered a lot of great stuff for beginners, which I am. To me it was very beneficial. Again, wasn't too technical, easy to read. I would recommend that to someone who has no clue about it and not to mention she talks about stocks, and that is what I am interested in right now. Not familiar with the other book you mentioned, but will check it out. I don't mind reading books, as I love to learn and that is one way of doing it, but would love to hear some feedback, as those two books have been pretty well reviewed on Amazon, however who knows who is really reveiwing those books...hehehehe. That is why I am asking here.... Another book that is awesome, well, at least I think so, is the Stock Market Wizards by Jack Schwager. I think you might find that interesting as it's interviews with top traders. I love it, as it talks about how people trade different things and with different methods. It just gives my ideas on what possibilities are out there, so it's helpful.

Eva, I haven't read the Stock Market Wizards, but I have read the New Stock Market Wizards, also by Schwager. I liked it. Since you are interested in these type of books, I would recommend Millionaire Traders, by Kathy Lien and Boris Schlossberg. There is a review about it here at TL. I have read about half of this book, and it has lots of the charm of the Schwager book, except that it is about evey day successful traders who trade from their home rather than institutional traders.

[angelaktariel]

Thanks so much for the recommended book, I just added it to my Amazon wishlist. I have to finish the books that are coming my way first, otherwise nothing will be finished.

Eva

[AbeSmith]

My pleasure Eva. Glad to be of help.

[The Bear]

	Quote:	angelaktariel
	so far I am interested in plain old stock trading, specifically trading tech stocks, but exploring other sectors as well. So far I have been mainly swing trading, Thanks, Eva

Plain old stock trading is a great skill, and I recommend if you like it and feel comfortable doing it, stick to it. Make sure you don't get suckered in to thinking that more elaborate or esoteric instruments are they keys to making money. I started trading stocks and then moved to oil & gas also....I tried stock index futures too, but never could make much money doing it...i'll do it here and there for small gains, but that's about it, and before anything I wanted to trade options...but thankfully I never did. Now is a great time to be in the stock market. If you can learn and not get killed in todays market, you may just last.

I personally don't believe in mentors, but that's just an opinion. Send me a message if you want me to try and dig up a short list of books that I found useful.

[Phantom of the Pits]

Behavior modification is perhaps the biggest hurdle you will face. You must have your thinking correct in order to be in the 15 percent.

"Phantom's Gift" is a good book to read. Just do a search and it's free!

POP

[angelaktariel]

Thank you Phantom for stopping by and answering a newbie like me. I feel honored. Found your book and will be reading it for sure. Can't wait for your second book to come out.

Thanks so much!!
Eva

[Phantom of the Pits]

It's my pleasure...good trades!

POP