What would I recommend to a newbie investor/trader?

Frequently new traders or my non-trading and basically non-market savvy friends or family will ask me my opinion on some book, website, magazine, system, etc etc etc….

Two things I recommend

1. Read Stan Weinsteins “Secrets for Profiting in Bull and Bear Market”

I saw a post at tradersnarrative.com that mentioned this book and how you might be able to benefit from it. When I was a stockbroker making recommendations for individual stocks to clients, the firm I worked for always sent along “The Professional Tape Reader” his newsletter at the time. Along with my own analysis I was never on the wrong side of the market. NEVER. That says more than any guru BS you will read anywhere else. Does this mean my returns were 100 times the market or some silly pie in the sky baloney? Nope. I was just in the market/stocks when the market was rising. And NEVER when it was not. So put this on you KISS (keep it simple stupid) bookshelf.

2. Read The Economist magazine

Kind of like Newsweek with a brain. Enough said on #2.

Also I know John has a stock research project he’s been working on. I think he may have that posted sometime soon (maybe this weekend). Truly truly mind blowing stuff that I am sure will get you thinking.

Have a Great Weekend!

Dave Johnson