Comments on: About me http://ivanhoff.com Reaction to news is more important than news itself! Thu, 29 Jul 2010 13:15:16 +0000 hourly 1 http://wordpress.com/ By: ivanhoff http://ivanhoff.com/about-me/#comment-90 ivanhoff Fri, 12 Feb 2010 03:57:50 +0000 http://ivanhoff.wordpress.com/?page_id=3#comment-90 The books are not listed in terms of importance. They just represent a solid foundation to step on and might accelerate your learning curve. As everything else, to become successful in trading it takes time, a lot of deliberate practice and the right teachers at every level of mastery. Reading those books won't make you a profitable trader. They'll just help you to become more knowledgeable. In order to understand some of them (especially the ones related to psychology) you need to have some experience in the market. If you are at the beginning stage of your development as a trader, you might wish to start with Howard Lindzon's book - "The Wallstrip edge". Read it 2-3 times. You will find something new every time.It reveals a very simple, but powerful method to make money.The most important thing to remember from Lindzon's book is that you don't have to be in the market all the time. Fight only battles that you can win. Also start reading the weekly edition of IBD - cover to cover. After you do that for 6 months, you will have the foundation to dive into some more sophisticated elements of the investing game - risk management and position sizing, technical analysis as a tool to understand investors' psychology and measure sentiment. If you really want to become profitable investor, you need to devote time and to practice really hard. Before you put your real money on the line, try with a simulation during the first 6 months.If you cannot make money in a simulation, you won't be able to do it in the real world. If you have any other questions, feel free to email me at ivaylo.ivanoff at gmail. I will try to answer to my best knowledge. If you don't give up, you will never fail! The books are not listed in terms of importance. They just represent a solid foundation to step on and might accelerate your learning curve. As everything else, to become successful in trading it takes time, a lot of deliberate practice and the right teachers at every level of mastery. Reading those books won’t make you a profitable trader. They’ll just help you to become more knowledgeable. In order to understand some of them (especially the ones related to psychology) you need to have some experience in the market.

If you are at the beginning stage of your development as a trader, you might wish to start with Howard Lindzon’s book – “The Wallstrip edge”. Read it 2-3 times. You will find something new every time.It reveals a very simple, but powerful method to make money.The most important thing to remember from Lindzon’s book is that you don’t have to be in the market all the time. Fight only battles that you can win. Also start reading the weekly edition of IBD – cover to cover. After you do that for 6 months, you will have the foundation to dive into some more sophisticated elements of the investing game – risk management and position sizing, technical analysis as a tool to understand investors’ psychology and measure sentiment.

If you really want to become profitable investor, you need to devote time and to practice really hard. Before you put your real money on the line, try with a simulation during the first 6 months.If you cannot make money in a simulation, you won’t be able to do it in the real world.

If you have any other questions, feel free to email me at ivaylo.ivanoff at gmail. I will try to answer to my best knowledge.

If you don’t give up, you will never fail!

]]> By: Steven http://ivanhoff.com/about-me/#comment-89 Steven Fri, 12 Feb 2010 00:45:04 +0000 http://ivanhoff.wordpress.com/?page_id=3#comment-89 Do you respond privately? Am interested in knowing the top 5 books that you have recommended in terms of importance. Have you listed them in the order of how important you think these books contribute to ones knowledge of investing? Steven Do you respond privately?
Am interested in knowing the top 5 books that you have recommended in terms of importance.

Have you listed them in the order of how important you think these books contribute to ones knowledge of
investing?

Steven

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