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Check out Vanguard. Either go to their website, check out bogleheads.org, or read The Bogleheads' Guide to the Three-Fund Portfolio: How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk https://www.amazon.com/dp/B07DH1QYJK/ref=cm_sw_r_cp_apa_i_dQVaCbKQVD1VD
Easy peasy.
Wonderful comment. There is a great section in this book Pound Foolish: Exposing the Dark Side of the Personal Finance Industry that validates many of your observations. Great book from a long time (female) financial columnist.
Technical analysis on its own is literally astrology. There is no feedback loop to tell you if you're right, or lucky, even if you don't lose money.
Not to say that technicals are inherently bad. It's just that the good indicators were absorbed into the quantitative school of thought some time ago, while the random shapes were largely discarded.
3rd, how you size your bets in relation to how certain you are about direction isn't really covered by technical analysis.
4th) the key insight to fundamental analysis; that a dollar is still worth a dollar regardless of whether you pay 40c, 50c, or w/e, doesn't apply to trading, because timing matters greatly. This is why you'll want to look into standardizing your volatilities.
Maybe I misunderstood your question. Do you mean what is a good number of trades in a backtesting to determine if your results are statistical significant? Well, there are tests you can do for that, like t-test on your distribution of returns. This book covers this topic and it has also sample code (in Matlab) :
https://www.amazon.com/dp/B00CY5HC0U/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Buy yourself Tim Hale's Smarter Investing. It explains everything you need to set up a portfolio.
You'll want to pick you time frame, pick your risk tolerance (it should be high as you are young) and then you can construct a portfolio plan around it.
https://www.amazon.co.uk/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
I think it depends highly on what is your knowledge and background. Generally I would something that talks about how to form trading strategies and about trading psychology. One such best-seller in amazon is "How to day trade for a living" (https://www.amazon.com/How-Day-Trade-Living-Management-ebook/dp/B012C4AU10). Bear in mind that understanding day trading doesn't require you to do day trading as a profession. But I've found this kind of knowledge to be invaluable when doing any kind of trades especially with cryptos where trading psychology is super, super important to grasp.
Yeah I got you.
https://www.amazon.com/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPW
https://www.amazon.com/Option-Traders-Hedge-Fund-Framework-ebook/dp/B00844NXC6
I have those and their a pretty light read. The first Market Wizards will show you how other traders plan and execute off certain market conditions. The second is going to give you a background on the whole market chain and how options fit in and play off of it.
Of course also read Benjamin Gram's book. Its the bible of investing.
I believe they're referring to someone mention in this book:
https://www.amazon.com/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPW/
I recommend it. It's a good read!
I recommend posting your day trading questions on r/daytrading. Most day traders don't trade options for good reasons.
To learn more about using candles for DT, I recommend this book: How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology https://www.amazon.com/dp/B012C4AU10/ref=cm_sw_r_apan_5Q7G0FWJRYKEX3AG3ZRV?_encoding=UTF8&psc=1
Yeah I've done that. This helped, it's old but humans haven't changed. You'll find some approach or insight in there that will help you with this and other things.
https://www.amazon.com/gp/product/B006X50OPW/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1
Sorry I thought you were initially asking how do you learn how to do DIY around the home!
In honesty the 'doing' part is really easy, invest in a passive global index and wait for 25 years, that's it! You can learn the theory of why however by reading the following books:
It signifies risk. If my system dictates that I should buy a stock at, say, 26.47 and I decide to place my Stop-Loss at, say, 25.69, I'd have an R value of 0.78.
This R value is extremely useful for several calculations
I might want to buy a certain number of shares such that I'm risking 1% of my portfolio with the trade, so if my portfolio is, say, $250 (and thus, 1% is $2.50), I'd want to buy ~3 shares (3 x 0.78 = 2.37 so just below 1%)
I might want to devise a system that bases a Take-Profit level based on the R - my system might dictate that I take profit at 3R, so I might sell stocks, regardless of indicators, sentiment, emotion, whatever, for a profit at 28.84 (26.47 + 2.37 = 28.84). By doing this, coupled with tying the shares to the R value, I can essentially remain break-even so long as 33% of my plays win, regardless of the price of an individual share of a stock.
And, finally, I can humblebrag online about how much R I made without concerning the crowd with how much (or how little) money is in my portfolio, because the focus is on the system and whether or not it is working.
So, to cut a long story short, I sold half of my position at the price point that is 2.3R above where I bought it, which is, ofc, 1R above my SL (by definition) - since I sold half of the position, I technically made a 1.15R profit, which, even if I had left my SL where it was (which I didn't, I moved it up past my buy price at this point), would have guaranteed that, overall, the trade would be profitable (because I never lower my stop-loss once it is set).
If you're looking for some light reading, here's a $10 book we're all pretty wild about around here. It's not perfect, and it isn't comprehensive, but it'll get you going in the right direction if you're serious about this: https://www.amazon.com/Swing-Into-Trading-Pullbacks-Average-ebook/dp/B07GSK3L58
I'm trying to find the quote from Systematic Trading but from my understanding, HFT has a higher Sharpe Ratio because it's less risky. The short holding time equates to less exposure to price moving against the forecast. However, I think the technological/hardware requirements probably preclude most from taking advantage of this space.
Sure. I invest according to this book.
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
I invest in global equities to capture developed and emerging markets (SWDA and EMIM), REIT (BGPSEAA) and a small amount of globally allocated investment grade inflation linked bonds (SGIL) which I will probably sell and reallocate into equities. I have a small holding in the MSCI world momentum factor ETF (IWFM) too, hopefully to juice it up a bit.
Set and forget, aiming for broadly diversified low cost ETFs and atleast a 15-20 year time horizon.
> Your claim was that these executives were being INFLUENCED by 1% holders.
https://www.amazon.com/gp/product/B006YDFYW6/
https://www.amazon.com/gp/product/B00768D664
> Not only that, but to partake in illegal activities.
Those are your words not mine. You can influence someone without it being illegal.
> Where’s that proof, bud?
Where's yours?
This is a 60 page, fast read, and ALL you need to know to get started in swing trading. I've read them all (well, like 20 books), and this one is still the best system that gets me the best returns. Easy read and you won't regret it. It's only ten bucks too. No, I don't know him or have any connection to author. Just a fellow swing trader trying to help...
Book: https://smile.amazon.com/gp/product/B07GSK3L58/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1
Also this book and the others from the same author (a physicist like me) has many code examples (that you can dowload from his website) in MatLab. https://www.amazon.com/dp/B00CY5HC0U/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
“Investing in something you believe in” needs some caveats. You need to have a clear, critical analyses that underpins why you believe in an investment. It can’t be a cliche like, “I buy stock in toilet paper because people will always need it, right?” That is not investing. It’s speculating at best and more akin to gambling.
Spend the time doing the research now. I recommend this book for starters.
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
Agree. I recommend the OP reads the following book:
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
It’s a great introduction into the world of investing and will give you a much needed sense of perspective. So many people approach investing as “picking stocks” but that is only one thread of the tapestry.
Do yourself a favour and buy this book:
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
I would recommend you look at a globally diversified ETF that tracks the FTSE All World Index or the MSCI World Index. At 33 and assuming you will not need the money for 20 years, 100% equities is not unreasonable.
New from £147 and used from £15 lol. You can get it new for £15 on Amazon. It seems to be one of those books that never gets low in price and my three local libraries didn't carry it.
The best thing i learnt in trading is temperament and knowing when to walk away. I recommend you read Market Wizards to see how many of the world's best were in your position and worse a few times: https://www.amazon.com/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPW
I recommend educating yourself a bit on the subject.
This book is very good: https://www.amazon.co.uk/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I/ref=sr_1_1?ie=UTF8&qid=1548176269&sr=8-1&keywords=smarter+investing+tim+hale
After reading it you will have a much better understanding of what you need to do, and why, and probably some new questions which everyone here can help with.
But very basically yes you need to save 10-20% of your income, and invest it in long term index funds to capitalise on the benefits of compound interest, which inflation adjusted in stocks/shares will be around 8-10% over many many years (ish). Following this 'accumulation' phase over your career, you will then enter retirement where you will withdraw from this pot of money. This pot should be in tax efficient wrappers such as pension, ISA, SIPP.
The flowchart is also a very good tool.
Wow.. you are in good company.
If you read Jack Schwager's book market wizards you can read about how just about every top trader has done something similar.
https://www.amazon.com.au/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPW
Think of this as the best value for money education ever.
It has small pages, large font, barely over 100 pages, and yet is enough to make a day trader successful with practice.
If you plot the VWAP on most high volume traded stocks you'll be shocked to see how often the candlesticks bounce off it. Those random squiggles you see on a line graph aren't nearly as random as you think.
If you convert that 5 minute chart into a Fibonacci tick chart, you'll be wide-eyed at how clear some patterns become, especially in the afternoon.
Here might be a pretty good book to read, and you can find one cheap for a penny. https://www.amazon.com/dp/B001NLKYQA/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
In one of their other books, You Have More Than You Think, they show how to build a portfolio in stages going from $0 to $500, $500 to $5,000., and on up to a million. That would be worth reading as well. The library might have them as well.
That's quite a range of investments from quant equities to private companies and real estate. Thanks for the other book recommendation - just ordered it. I was recently reading this book by a former AHL portfolio manager. Found it a bit confusing since he uses a lot of heuristics which he doesn't fully explain.