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I am in need of some eduminication. Getting to the stage where I need to be more organised and methodical. I haven’t reached the charting stage yet, I just enjoy reading along here.
May I ask if anyone has books/articles or software recommendations regarding investment analysis for valuation, of resource BFS etc.
Do you have a favorite book?
Even Excel templates could be good involving NPV etc.
I don’t mind paying for something decent if reasonable, or creating something myself.
I am interested in equations and case studies.
Thanks everyone!
I’m not 100% sure of what you are asking, but if it’s a technical analysis/charting guide, the classic book is “Edwards & Magee – Technical Analysis of Stock Trends”. If you want to learn Elliott wave techniques, again the classic book is by Robert Prechter “Elliott Wave Principle: Key to Market Behavior”. There are so many great TA books out there, you shouldn’t have a hard time finding many 5 star rated guides to TA. Good luck!
As above, Edwards and Magee is a good start. I often refer to https://school.stockcharts.com/doku.php to double check some of the ‘rules’ for pattern analysis
Formulas, equations. valuation??? Sounds like professor PhD.
Market evaluation read posts from Adam Hamilton on Goldseek.com or his old articles Archived on 321gold.com
How many PhDs are very rich??? My friends students are multi millioeners.
Read Reminiscences of a stock Operator by Edwin Lefevre it is story about 1920’s stock market player Jesse Livermore. Still being quoted in financial world/
Currently PM sector is entering in bull trend of life time. By tie time to study or learn it may be over. Best thing to do Subscribe proven market service to :Make Money” now.
https://spockg.com/2019/08/11/global-markets-update-time-to-go-all-in/
And learn on the way up making money.
Recent post from Adam Hamilton :
Gold Miners’ Q2’19 Fundamentals
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data available to traders.
http://www.321gold.com/editorials/hamilton/hamilton081619.html
If you are going to subscribe to anyone/any newsletter, get Rambus. Nothing beats what that guy does with charts and explains it all as well.
I full agree. I learned to chart from him.
He has a series of turtorial lessons on the sidebar. I went through those studying and learned a ton.
Books, not online sources, are what I can recommend. I do not know online sources.
Like others, I recommend Edwards and Magee. I found a used older edition that was cheap. It is good to skim. Then you can refer back to it.
A pro in the 1990s had me read books by Jack Schwager, some of which may be out of print. A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles (Wiley Trading) 2nd Edition is available and is great not just for futures–also applicable for stocks. It will give you SO MUCH more, even in the TA section, than you will get in many other sources. Rigorous yet not hard to read. (Only quirk in the TA section, at least in the earlier edition–for some reason he does/did not seem interested in volume.)
((Schwager’s Market Wizards books are also interesting — he interviewed people who have consistently done well in the markets to figure out less their tricks but their psychological approaches, how they prepare themselves….)
Possibly important note!!! > One of Schwager’s themes is validating a system. He is fascinated by the topic of trying to make sure that your system works in a rigorous fashion — luck versus a successful methodology.
All too often a methodology — or a person or a subscription service — can seem to work for a while — but then ….
Lots of stuff is said to be good…
Karl, looks interesting, pure copper! 🙂
That’s right! pure copper!
Schwager’s stuff is undoubtedly obsolete — from the 1980s, -90s — perhaps before creators of Stockcharts were born ???? Don’t know whether the latest edition has all the latest indicators. But not obsolete.
Absolutely was made for do-it-yourself with spreadsheets although some electronic services were available. The fundamental analysis is a lot of practical statistics–cross-correlations between markets–fallacies in statistics that people fall for — stuff like that. Haven’t looked at it for a long time. Might not be any good now. In a library?
It’s more how to analyze for yourself, and how not to think.
The wizards series (I only looked at excerpts) tends to be on frame-of-mind, emotions, moods. What the really successful people, the super-traders, have done when they start to lose lots of money for example. How they approach the trading day (whether they meditate, whether they think meditating is stupid…)
I am an ignoramus with fundamental analysis of stocks. I do subscribe to IKN (incakolanews). I would not know enough to critique its fundamental analysis adequately. However much of it every week is usually spent analyzing the financials of one or more companies — usually juniors, sometimes seniors — typically gold or copper in the Americas and predicting the coming quarters and predicting stock valuation. I am so bad at this stuff I can’t pay attention to his methodology. You could ask, as I did, for old copies to see whether you like what he does enough to want to study his methods.
“Otto” of IKN writes as if he probably used to work for brokerages as analyst doing this stuff (financial analysis). Thus finding a way of getting brokerages’ analyses of companies and seeing how they do it might also be useful. “Otto” of however IKN tends to be disdainful of brokerages’ analyses, implying that they often tend to be given the desired result and then find ways of reaching the assigned result.
Thanks for the suggestions everyone. I am seeking a methodical approach for process, which starts me off with excel sheets and formulas I think (FA). One day TA might become more accessible for me in time.
So I got these
Edwards & Magee – Technical Analysis of Stock Trends
Jack Schwager Market Wizards, and
A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles
This one seems the most update on the subject
Microsoft Excel for Finance Applications (August 3, 2017)