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So You Made Some Money On GameStop And Want To Learn More About The Stock Market?

Here Are 7 Investment Books Worth Reading

 With stocks in the news, there's been a lot of talk about where to learn investing.

Many suggestions are terrible with comments promoting Forex scammers, overpriced courses, or dull academic books like "The Intelligent Investor."
Luckily, there are also plenty of fun and interesting books on finance. Many of which are written by legendary investors who consistently beat the market.

And, there are plenty of fantastic biographies, covering historical market events and old school traders.
Below are SEVEN titles worth reading.

The first book is my personal favorite, but none of the others are in any particular order.

DISCLAIMER: I'm Using Amazon Referral Links Below, But It Doesn't Influence The List. Also, You Can Get All These At Your Local Library.
1. ONE UP ON ALL STREET BY PETER LYNCH

Peter Lynch is the greatest investor of all-time, outperforming Warren Buffett.

This is a fantastic, easy-to-read look at how to successfully buy winning stocks and multiple your money.
One Up On Wall Street covers virtually every aspect of investing, and is often a favorite book among professional investors.

If you only read one book on stocks, make it this one.

https://t.co/hZQoeDewHT
2. THE RICHEST MAN WHO EVER LIVED BY GREG STEINMETZ

Jakob Fugger is often considered one of the very first capitalists ever. he helped fund expeditions to Asia and the America's, played power games with European royalty, and built a personal empire.
One interesting thing about this book is HOW LITTLE HAS CHANGED when it comes to money and investments.

In 16th Centenary Frankfurt, homeowners made more money by renting their houses during a week-long trade fair than they earned from working all-year at their regular jobs.
The Richest Man Who Ever Lived is a fun, and informative read if you like politics, history, and finance.

While Jakob Fugger lived long before the modern stock market, you can still learn a lot from him.

https://t.co/qcGjAWO2jz
3. UNKNOWN MARKET WIZARDS BY JACK D. SCHWAGER or MONEY MASTER THE GAME BY TONY ROBBINS

I'm actually using this spot for two books which are somewhat similar, though aimed at different audiences.

Unknown Market Wizards is a collection of interviews with successful traders.
You'll learn about options, stock picking and market analysis.

Many of the interviews are fascinating too, there's a trader who made $1 million during his first year of investing, all through his personal brokerage account and all by reading forums and message boards.
However, Unknown Market Wizards is a bit more complex than the other book listed here, Tony Robbin's Money: Master The Game.

Money: Master The Game interviews professional investors and traders (many of whom you've probably heard of, like Ray Dalio).
What's great about this book is the fact that it breaks difficult concepts down by using anecdotes and examples, making it very easy for you to understand concepts like the "Asymmetrical Bet."
Both books are worth reading, and each is filled with interesting insights from some of the world's greatest investors.

Unknown Market Wizards - https://t.co/IiP2rw04me

Money: Master The Game - https://t.co/SMjGFqnFr3
4. DARK GENIUS OF WALL STREET BY EDWARD J. RENEHAN JR.

Media pundits cry about GameStop and crazy markets. But 2021 is nothing like the old days.

Long before GameStop, there was the Erie Railroad. This was a major battleground where investors made (and lost) fortunes.
Jay Gould was an 1800's financial speculator made his bones trapping and tricking opponents in some of the greatest stock market plays of all-time.

He cornered the gold market, tried kidnapping rival Gordon-Gordon, and took control of Western Union in their heyday.
If you want to see a true market master, read Dark Genius Of Wall Street.

https://t.co/E1fGfksU3m
5. INVESTMENT BIKER BY JIM ROGERS

A lot of rich people are boring. That's not the case with Jim Rogers.

From From 1970 to 1980, Rogers grew his Quantum Fund portfolio 4200%.

Then he retired and went on a worldwide motorcycle tour.
Investment Biker is all about Rogers' trip. It's an incredible travel story filled with danger and excitement, but you also get to see how a shrewd financial mind calculates decisions.
You'll learn about history, geography, real estate, mining, stocks, agriculture, and how all these things affect economies and markets.

https://t.co/Elw8LG9aeq
6. EVERYBODY OUGHT TO BE RICH BY DAVID FARBER

This is not a book about dueling with traders or how to buy assets.

Instead, it is an inspiring biography about John Raskob, stocks, corporations, and America's transformation into an industrial powerhouse.
"At the beginning of 1900, John Raskob had been a provincial twenty-year-old with a dead-end job in small-town upstate New York. A dozen years later, he had a leading role in one of the nation's fastest growing industrial corporations [DuPont]."
Raskob used his wits to leave his hometown, catch the growing trend of mass industrialization, and become an important (though somewhat obscure) figure in American history.
This is a fantastic book that showcases the power of investing, deal making, and recognizing opportunities you can take advantage of.

https://t.co/bFea9iNuvo
7. THE SOVEREIGN INDIVIDUAL BY JAMES DALE DAVIDSON AND WILLIAM REES-MOGG

This book is WILD. The Sovereign Individual was written over 20 years ago and yet much of its content is only now coming to light.
The book discusses ideas like decentralization, digital currencies, how establishments will break down due to technology equalizing individual citizens, and how the the digital world will alter structure of society.
While the author's didn't get all their predictions right, they nailed enough of them to make this book well worth a read; especially if you are curious about where the future is heading.

https://t.co/QJZAjWaHlB

More from Trading

Peter McCormack \U0001f451
Peter McCormack 👑...
@PeterMcCormack
1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.

2/ The original thread is gone but you can read it here.

https://t.co/cLLNs75rB0

tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it

2 weeks from losing my house + no income. Oops.

3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.

4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information

And if you are trading with leverage you might blow up your account with the volatility.

5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record
TRADING
Jig's Patel
Jig's Patel
@jigspatel1988
Thread on Short straddle with adjustments:

Short straddle is non-directional strategy

Selling same strike price CALL/PUT option same underlying with same expiry.

Nifty Spot at 14353, So you can sell 14350 CE as well 14350 PE of 14 Jan. Expiry.

(1/n)

*RETWEET for max response

Bullish short straddle: Selling 14400 CE and 14400 PE of same expiry.

Bearish short straddle: Selling 14250 CE and 14250 PE of same expiry.

You can sell straddle as per your market view.

If you are natural view sell CE and PE at ATM strike.

(2/n)

Short straddle has limited profit potential (only premium) and unlimited risk without adjustment.

In Example, Short straddle of 14350, Breakeven is (14131.0-14569.0), need 1.7Lac Margin to sell straddle.
Maximum profit: 16k and Loss: Unlimited, Winning probability: 50%

(3/n)


If market staying near at 14350 then win. Probability increase slowly. Rewards also increase slowly.

Volatility(IV) is also play important role in selling straddle, Like If IV increase so straddle premium increase and IV cool off so premium casually comes down.

(4/n)

Short straddle adjustment:
https://t.co/59Lr64kEtK way to limit the overnight risk.
Convert short straddle in Ironfly, its nothing we have to add long strangle in short straddle it become Ironfly. It gives the good Risk Rewards.

(5/n)
TRADING
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Trader knight
Trader knight
@Traderknight007
A thread on Trend-lines


// What are trend-lines?

Trend-lines are support and resistance lines which are formed by connecting Important swing points.

The beauty of using them is that We can use them when stock is not Respecting the Horizontal S&R zones, they can indicate us when the trend may change.

// Things To consider while Making trendlines?

• A trendline formed by using 3 Major-Swing points is a potential trendline, But we will also use 2 points to form a trendline, will discuss how, as you read further.

• Trendline can be formed by two ways-

1. Wicks-

In this method we only connect the wicks to make a trendline, this is a precise way of making a trendline.


// Why only connect the wicks?

There are two type of levels - Precise and Less precise (Which we call zones).

So what we are doing is by only connecting the wicks we are making a precise level where we can take trades, either Mean reversion or Breakout trades.

Examples-
TRADING
Trader Abhishek
Trader Abhishek
@KillerTrader_
Introduction to imbalance charts (orderflow trading):

A 🧵

(1/n)

Orderflow charts essentially show the real time buying and selling happening in the markets.

In below chart, you can see how market sell orders are shown to the bid side and market buy orders are shown to the ask side.

(2/n)


Using this, one can identify big buying and selling happening at various prices.

Imbalance charts takes this one step forward. How so? Read on to find out.

(3/n)

Imbalance charts shows buying and selling imbalances at various price points. How does it matter?

Imbalance here implies to what extent is buying more than selling and vice versa.

(4/n)

Why is that important? As a trader, if we know that buying at a particular level is x times more than selling or vice versa, it would help us understand the strength of supply or demand coming into the market.

(5/n)
ALL , TRADING
Rohit Katwal
Rohit Katwal
@rohit_katwal
William's Alligator is probably the most underrated indicator in moving average category.

Alligator follows the premise that market is sideways for 70% of the time and trending only 30% of the time.

This is where William's Alligator can be a great tool for traders.


Why William's Alligator can be a great tool for traders?

It can identify Bullish, Bearish and Sideways market pretty easily. Problem is, traders don't know how to use it effectively. Alligator has three lines:

1. Lips - Fastest Line
2. Teeth
3. Jaws - Slowest Line


Book Interpretation is when Lips Crosses above Jaws, it's a buying opportunity and when below its a shorting opportunity. And when three lines are crisscrossing, instrument is sideways.

BUT this does not make it a tradeable indicator in practice. Here is what should be done.

Firstly, when all the Alligator lines are moving up or down and are widening, this phase is called "Alligator eating with its mouth wide open". When the lines are crisscrossing, this indicates the alligator is sated.

Now, how to use it? with Basic TA and Indicator like MACD

Rules to remember:
1. As long as price is above Alligator, BANKNIFTY is bullish.
2. As long as MACD is trading above 0 line, BANKNIFTY is bullish.
3. Horizontal Lines are the only S&R.
4. CONGESTION is followed by TREND is followed by CONGESTION.
TRADING

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Talha
Talha
@dhiblawe1990
Thread: History of Mogadishu and it’s conquest by Imaam Al Yaqubi


One of the First Imaams of the Hiraab Imamate was Mohamed Ibn Imaam Ahmed ibn Imam Ahmed Ibn Imaam Mohamoud Ibn Imaam Cumar Halol Al Yacquubi (Abgaal) during the year 1097 hijri.


After the collapse of the Ajuuran Abgaal nomads from the interior had started moving to take over the strategic port town of Mogadishu which was then under the muzzafar dynasty. By the 1600s Abgaal warriors had captured the city and set up their base in shingaani.


Mogadishu at the time was a large and well known port town. The Abgaal clan taking over control allowed them to obtain political power and world wide recognition.


Under Imaam Yaqubi’s time in power it’s reported that French merchants had arrived at the port in 1701
and stayed for 11 days. They had attempted to take the city but were successfully repulsed.
HISTORY
Sheetal Rijhwani
Sheetal Rijhwani
@RijhwaniSheetal
How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)
SCREENERS , ALL , INTRADAY STRATEGIES
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Nicolas Cole
Nicolas Cole
@Nicolascole77
🚢 Atomic Essays Republishing Framework 🚢

1. Write Atomic Essay
2. Post image on Twitter
3. (Bonus) Copy/paste text as thread
4. Find relevant Question on Quora. Copy/paste Atomic Essay + image.
5. Copy/paste again on Medium.
6. Again on LinkedIn
7. Win

Guide below ✍️🚢👇

Step 1: Write Atomic Essay

I really enjoy writing right inside the Figma template. It helps give me a good sense of exactly how much "real estate" I have/have left before my time us up and I'm out of space.

Once finished, I export the image and send to my phone on Slack.


Step 2: Post image on Twitter

Before I publish my Atomic Essay on Twitter, I use the Edit/Photo Markup function on the iPhone to highlight standout sentences.

These are usually power-phrases: things the reader skims and thinks, "That's interesting," prompting them to read more.


Step 3: For the Ship 30 for 30 challenge, I only turn Atomic Essays into threads if...

1. The piece is SUPER actionable and lends itself well to the thread format (lots of bullets, quick points, lists, etc.)

or...

2. I'm referencing research and want to link to the pieces.

Step 4: Find relevant Question on Quora. Copy/paste Atomic Essay + image.

Search on Quora around the topic you wrote about. Find a related Question. Copy/paste the whole Atomic Essay as your "answer" (& fix formatting). Then include image so it appears in the thumbnail.
WRITING
Fidato
Fidato
@tequieremos
A thread on the life and achievements of Muhiyudin Sayyid Abdul Qadir Jillani RadiAllah who served Islam infinitely as the Reviver (Mujadid) of the 11th Century!


Muhiyudin Sayyid Abdul Qadir Jilani (RA) was one of the greatest Islamic Saint, Scholar, and Jurist. The honorific Muhiyudin denotes his status with many Sufis as a "reviver of religion". Jilani refers to his place of birth. He also carried the epithet Baghdadi.

[1]

Sheikh Abdul Qadir Jilani was born on the eve of the 2nd of Ramadan 470 AH. His birth was a great blessing for the Ummah. It was the arrival of the Sultan al-Awliya (King of the Awliya) of that era, which had been foretold for centuries before his birth.

[2]

When Hazrat Abdul Qadir Jillani was asked by someone what brought him to his high spiritual level, he said, The truthfulness which I promised to my mother. He related the following story:
"One day, on the eve of Eid al-Adhā, I went to my mother, who was then a widow and..

[3]

..and requested her, 'Send me to the path of Truth, give me permission to go to Baghdad to acquire knowledge, to be with the wise and those who are close to Allah. She cried, but she brought out 80 pieces of gold, which was all that my father had left as inheritance.

[4]
RELIGION
Andrew Chen
Andrew Chen
@andrewchen
👇 Thread. New deck getting published this week: "Consumer startups are awesome, and here's what I'm looking to invest in at Andreessen Horowitz." If you want to read it, subscribe to my newsletter here: https://t.co/262t8eh0wf


1/ A lot of new consumer technologies have been introduced to US households in the last 100 years. But it's taken many of them - like the telephone - more than 50 years to get to the majority of the US. Why is that?


2/ We had to literally teach people how to use phone. Which end goes to your mouth, which goes to your ear. Say "hello" when people call. The motivation of consumers to talk to their friends has always been there, but we had to teach the behavior


3/ If you compare phones to the latest technologies, there's been a huge shift. Things are being picked up much faster.


4/ Even while there's been all this innovation recently, physically speaking, we are still the same human beings from 100,000 years ago.
STARTUPS


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