Hi, I just wanted to let everyone know about a fantastic book I just finished reading. This is the story of Timothy Sykes, his struggles and eventual massive success in the world of trading Penny stocks. The book I am talking about is of course:
also this is a cool new promotion for students only….
This is a fantastic, emotional and entertaining read which I really enjoyed. It showed me the creation of an investment process, a hedge fund, and all the difficulties that you can imagine go along with the process. It was also really nice to learn where and how it all started for this stock trading guru who famously turned $12,000 (bar mitzvah gifts) into a staggering $2 million dollars trading pennystocks!
This book has decent value on two accounts:
1) You can learn alot from Tims open, honest and detailed account of his biggest mistakes
2) It is a truly inspiring story and can teach you to keep going even when things look very bleak indeed.
The key thing to remember if you purchase this book is it is for interest and entertainment only – if you are buying this book for serious financial value or stock picking advice you will be sorely dissappointed. He does however detail most of his trades on his journey to $2 million profits on trade-by-trade basis so you can see how he was thinking as a young and inexperienced trader. I think many stories will resonate with experienced traders (stories about the emotions of unexpected large gains and large losses).
I highly recommend this book to anyone who is interested in learning to trade because it is packed with inspirational stories, some basic concepts of trading and it is very entertaining. All of this makes this book a breezy pleasant read.
You can purchase the book from amazon for just a few dollars at the link below. I hope you enjoy it as much as I did!
The second book that I highly recommend (which is admittedly less entertaining than Tim Sykes book but has more value in terms of learning how to stock trade) is the classic book by William J O’Neil:
This book has changed my financial life and really helped me improve my stock trading. It is packed with information that is very difficult to learn as a novice alone! Over 100+ real life charts to demonstrate the principles that the author teaches – even test yourself to see if a buy at certain times would have worked out well for you! Highly recommended! Super Trades strategy is based on alot of the rules that are outlined in this book so if you are thinking of signing up for his subscription service this is a very valuable resource which will help you get the most from his teachings.
P.S Here is my new Youtube video for The Bill O’Neil book! I am experimenting with some new software…