Thursday, February 10, 2011

Trading Education Plan

So, before you can be an engineer, you go to an engineering school and do an internship - school gives you theoretical knowledge and the internship gives you just a taste of what the real world engineering is like. I believe Trading , or any profession for that matter, is the same. So here is my learning gameplan (in sequence):

1. A Beginner's Guide to Day Trading Online by Toni Turner
--> a. Understand the basics of trading
      b. Do all end of chapter quizes
      c. Follow her two week bootcamp
      d. Create a trading plan (like a business plan)
2. Come Into My Trading Room: A Complete Guide to Trading by Dr.Alexander Elder
--> a. Get another perspective on trading
      b. Do all questions in Study guide for come into my trading room
      c. Create a trading strategy
3. The Candlestick course by Steve Nison
    a. Be sure to do and re-do all the quizes.
4. If its raining in Brazil, buy Starbucks by Peter Navarro
    a. Do all exercizes in When the market moves, will you be ready
5. Technical Analysis: The Complete Resource for Financial Market Technicians by Charles D. Kirkpatrick
6. Market Wizards: Interviews with Top Traders by Jack D. Schwager
7. The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities, 2nd Edition by Bernard Baumohl
8. How I Made $2,000,000 in the Stock Market by Nicholas Darvas
9. How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition by William J. O'Neil
10. Sell and sell short by Alexander Elder
11. Understanding Options by Michael sincere
--> I won't be necessarily trading options , but want to understand the impact of option prices, call/put ratios on stock price.

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