How to get myself self motivated

Herms · 4 August 2007

Hiya guys,

I have been reading up on stock investing for about 6 months now, but it seems so hard to get yourself motivated especially when technical analysis get so hard to understand. I reckon I might have got myself a wrong book to start with.

I used to be so passionate about stock, but right now Im just so demotivated, any advice would be appreciated

P.s I read books by guppy, I thought they are easy to understand. Is there any other book that fellow forum dweller would recommend ?

Cheers,

Herms

theasxgorilla · 5 August 2007

See if you can bull$hit your way into getting a test drive of a new BMW M3...

http://64.23.73.152/content/23-2009-bmw-m3.jpg

It's Snake Pliskin · 5 August 2007

Herms said:
Hiya guys,

I have been reading up on stock investing for about 6 months now, but it seems so hard to get yourself motivated especially when technical analysis get so hard to understand. I reckon I might have got myself a wrong book to start with.

I used to be so passionate about stock, but right now Im just so demotivated, any advice would be appreciated

P.s I read books by guppy, I thought they are easy to understand. Is there any other book that fellow forum dweller would recommend ?

Cheers,

Herms

Herms,

Give up the dream. It sounds like you are not prepared to put in the hard work.

It takes an investment in BOOKS not a book, and much more. It is a state of life, the journey, not a defineable realisation of "yeh, I know it all so I'll stop reading now".

If you are prepared then I am sure you will stumble on the right track after trial and error. Ask specific questions.

Cheers....

rederob · 5 August 2007

It's Snake Pliskin said:
Herms,
It takes an investment in BOOKS not a book, and much more. It is a state of life, the journey, not a defineable realisation of "yeh, I know it all so I'll stop reading now".

Maybe for some.
I haven't read a book years.
I seldom read any financial journals, nor do I subscribe to any paid stock sites - never have.
The internet provides a wealth of information - free - even great charting sites (including the many technical features available at Incredible charts for free).
I find the best information about companies comes from their "presentations", and those of their competitors.
Annual reports are a bit heavy going, although there is usually something useful hidden deep, especially relating to hedging strategies.
Each to their own, tho.

There are big differences between trading (short term) and investing (long term).
However, the motivation should be to "make money".
Whatever works is usually a good starting point.

It's Snake Pliskin · 5 August 2007

rederob said:
Maybe for some.
I haven't read a book years.
I seldom read any financial journals, nor do I subscribe to any paid stock sites - never have.
The internet provides a wealth of information - free - even great charting sites (including the many technical features available at Incredible charts for free).
I find the best information about companies comes from their "presentations", and those of their competitors.
Annual reports are a bit heavy going, although there is usually something useful hidden deep, especially relating to hedging strategies.
Each to their own, tho.

There are big differences between trading (short term) and investing (long term).
However, the motivation should be to "make money".
Whatever works is usually a good starting point.

Yes Red,

The internet is good.
Having a goal or motivation for doing it is important.

chops_a_must · 5 August 2007

Herms said:
Hiya guys,

I have been reading up on stock investing for about 6 months now, but it seems so hard to get yourself motivated especially when technical analysis get so hard to understand. I reckon I might have got myself a wrong book to start with.

I used to be so passionate about stock, but right now Im just so demotivated, any advice would be appreciated

P.s I read books by guppy, I thought they are easy to understand. Is there any other book that fellow forum dweller would recommend ?

Cheers,

Herms

There'a point where you just have to dive in. I'm not suggesting this is the right time, but it's hard to get motivated when you have no real vested interest. But start small when you do...

Adaptive Analysis by Nick Radge was really the book that got me coming up with my own strategies, based on the common sense strategies explained in that book.

Cheers,
Chops.

tech/a · 5 August 2007

Ah a bad case of ANALYSIS PARALYSIS.
Can be called PULL THE TRIGGER IMPOSSIBILIS.

There is a cure.---Get a mentor.Watch listen learn and GET INVOLVED.

You need to see it in action.
Radge is very good and for the $800 or so a year you'll see him at work making decisions and applying analysis which you will learn.

Porper · 5 August 2007

Herms said:
Hiya guys,

I have been reading up on stock investing for about 6 months now, but it seems so hard to get yourself motivated especially when technical analysis get so hard to understand. I reckon I might have got myself a wrong book to start with.

I used to be so passionate about stock, but right now Im just so demotivated, any advice would be appreciated

P.s I read books by guppy, I thought they are easy to understand. Is there any other book that fellow forum dweller would recommend ?

Cheers,

Herms

If you aren't motivated now I would say that you will really struggle later on when you lose money and make mistakes.That wasn't a misprint I really mean "when" you lose money.

I think the absolute beginners cycle is easy compared to what you will face later on, maybe that is just my experience, don't know but without a passion for trading/investing you will lose in my view.

A mentor is good as Tech/A says but you still need the inner drive to learn even then.

Some people like Guppy, but it is pretty basic, (not that basic is bad) , be interesting to know which books you read, if you find his stuff hard not sure what to recommend.

nizar · 5 August 2007

Herms said:
Hiya guys,

I have been reading up on stock investing for about 6 months now, but it seems so hard to get yourself motivated especially when technical analysis get so hard to understand. I reckon I might have got myself a wrong book to start with.

I used to be so passionate about stock, but right now Im just so demotivated, any advice would be appreciated

P.s I read books by guppy, I thought they are easy to understand. Is there any other book that fellow forum dweller would recommend ?

Cheers,

Herms

Hi Herms,

Iv gotta agree with Snake, and Porper on this one.

As for resources and where to learn -- I could point you in the direction of several.

But motivation -- has to come from yourself.

Trading/Investing has to be taken seriously, if you want to be in the 3-5%.
Otherwise -- just you end up like the herd.

Have a serious think about where you want to go with your trading, and from there we can discuss how to get there.

yonnie · 6 August 2007

you might like to read a book by Darvas, which is easy to understand and implement. the whole strategy is laid out in easy english.

then you might make a few trades to get the feel of the market.

from there you might look at other things.

Herms · 6 August 2007

Thanks guys for the smack in the butt. I will finish up guppy's book, I will let you
know when I finish reading it and I will post up when I started my first trading.

We will see what will happen from there.

I will keep reading and learning

Cheers,

brettc4 · 6 August 2007

Herms,

I recommend that before you place your first trade, look at Money management and make sure the you follow it throughout your trade.

Basically never risk more than you can afford to lose and if you hit a sell trigger, sell even if it means taking a loss, your will last a lot longer if you sell when your trigger says sell.

How to get myself self motivated

Herms

theasxgorilla

Problem solved... next bubble.

It's Snake Pliskin

rederob

It's Snake Pliskin

chops_a_must

Printing My Own Money

tech/a

No Ordinary Duck

Porper

Ralph Nelson Elliott

nizar

yonnie

Herms

brettc4

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