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So You Made Some Money On GameStop And Want To Learn More About The Stock Market?

Here Are 7 Investment Books Worth Reading

 With stocks in the news, there's been a lot of talk about where to learn investing.

Many suggestions are terrible with comments promoting Forex scammers, overpriced courses, or dull academic books like "The Intelligent Investor."
Luckily, there are also plenty of fun and interesting books on finance. Many of which are written by legendary investors who consistently beat the market.

And, there are plenty of fantastic biographies, covering historical market events and old school traders.
Below are SEVEN titles worth reading.

The first book is my personal favorite, but none of the others are in any particular order.

DISCLAIMER: I'm Using Amazon Referral Links Below, But It Doesn't Influence The List. Also, You Can Get All These At Your Local Library.
1. ONE UP ON ALL STREET BY PETER LYNCH

Peter Lynch is the greatest investor of all-time, outperforming Warren Buffett.

This is a fantastic, easy-to-read look at how to successfully buy winning stocks and multiple your money.
One Up On Wall Street covers virtually every aspect of investing, and is often a favorite book among professional investors.

If you only read one book on stocks, make it this one.

https://t.co/hZQoeDewHT
2. THE RICHEST MAN WHO EVER LIVED BY GREG STEINMETZ

Jakob Fugger is often considered one of the very first capitalists ever. he helped fund expeditions to Asia and the America's, played power games with European royalty, and built a personal empire.
One interesting thing about this book is HOW LITTLE HAS CHANGED when it comes to money and investments.

In 16th Centenary Frankfurt, homeowners made more money by renting their houses during a week-long trade fair than they earned from working all-year at their regular jobs.
The Richest Man Who Ever Lived is a fun, and informative read if you like politics, history, and finance.

While Jakob Fugger lived long before the modern stock market, you can still learn a lot from him.

https://t.co/qcGjAWO2jz
3. UNKNOWN MARKET WIZARDS BY JACK D. SCHWAGER or MONEY MASTER THE GAME BY TONY ROBBINS

I'm actually using this spot for two books which are somewhat similar, though aimed at different audiences.

Unknown Market Wizards is a collection of interviews with successful traders.
You'll learn about options, stock picking and market analysis.

Many of the interviews are fascinating too, there's a trader who made $1 million during his first year of investing, all through his personal brokerage account and all by reading forums and message boards.
However, Unknown Market Wizards is a bit more complex than the other book listed here, Tony Robbin's Money: Master The Game.

Money: Master The Game interviews professional investors and traders (many of whom you've probably heard of, like Ray Dalio).
What's great about this book is the fact that it breaks difficult concepts down by using anecdotes and examples, making it very easy for you to understand concepts like the "Asymmetrical Bet."
Both books are worth reading, and each is filled with interesting insights from some of the world's greatest investors.

Unknown Market Wizards - https://t.co/IiP2rw04me

Money: Master The Game - https://t.co/SMjGFqnFr3
4. DARK GENIUS OF WALL STREET BY EDWARD J. RENEHAN JR.

Media pundits cry about GameStop and crazy markets. But 2021 is nothing like the old days.

Long before GameStop, there was the Erie Railroad. This was a major battleground where investors made (and lost) fortunes.
Jay Gould was an 1800's financial speculator made his bones trapping and tricking opponents in some of the greatest stock market plays of all-time.

He cornered the gold market, tried kidnapping rival Gordon-Gordon, and took control of Western Union in their heyday.
If you want to see a true market master, read Dark Genius Of Wall Street.

https://t.co/E1fGfksU3m
5. INVESTMENT BIKER BY JIM ROGERS

A lot of rich people are boring. That's not the case with Jim Rogers.

From From 1970 to 1980, Rogers grew his Quantum Fund portfolio 4200%.

Then he retired and went on a worldwide motorcycle tour.
Investment Biker is all about Rogers' trip. It's an incredible travel story filled with danger and excitement, but you also get to see how a shrewd financial mind calculates decisions.
You'll learn about history, geography, real estate, mining, stocks, agriculture, and how all these things affect economies and markets.

https://t.co/Elw8LG9aeq
6. EVERYBODY OUGHT TO BE RICH BY DAVID FARBER

This is not a book about dueling with traders or how to buy assets.

Instead, it is an inspiring biography about John Raskob, stocks, corporations, and America's transformation into an industrial powerhouse.
"At the beginning of 1900, John Raskob had been a provincial twenty-year-old with a dead-end job in small-town upstate New York. A dozen years later, he had a leading role in one of the nation's fastest growing industrial corporations [DuPont]."
Raskob used his wits to leave his hometown, catch the growing trend of mass industrialization, and become an important (though somewhat obscure) figure in American history.
This is a fantastic book that showcases the power of investing, deal making, and recognizing opportunities you can take advantage of.

https://t.co/bFea9iNuvo
7. THE SOVEREIGN INDIVIDUAL BY JAMES DALE DAVIDSON AND WILLIAM REES-MOGG

This book is WILD. The Sovereign Individual was written over 20 years ago and yet much of its content is only now coming to light.
The book discusses ideas like decentralization, digital currencies, how establishments will break down due to technology equalizing individual citizens, and how the the digital world will alter structure of society.
While the author's didn't get all their predictions right, they nailed enough of them to make this book well worth a read; especially if you are curious about where the future is heading.

https://t.co/QJZAjWaHlB

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(A long thread)

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Both @DavidGHFrost & @MichelBarnier and their teams, deserve a lot of credit for sticking up with it in hard circumstances, often with lacking political clarity, & high stakes.

This shouldn't preclude us, or MPs and MEPs, from looking critically at the deal on the table. /3

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From the EU's view, integrity of the single market is preserved with level-playing field obligations which go virtually beyond any other 3rd-country (even the Swiss). /4

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On this auspicious day of #GuruPurnima, happy to share an easy to read and an exceptionally worthwhile investment. I plan to make a thread that will hopefully help us invest and live better. Thank you @awealthofcs 🙏🏻


Experience has taught me that less is always more when making investment decisions. Simplicity trumps complexity. Conventional gives you much better odds than exotic. A long-term process is more important than short-term outcomes.

And perspective goes much further than tactics. Tactics are useless to investors in a matter of days—sometimes in a matter of hours. But perspective is something that stays with the investor for a lifetime. It allows you to adapt to the changing market and economic landscape.

While keeping it simple won’t make it any easier to predict the future—no one has a crystal ball—it can give you the necessary capacity to make rational decisions, no matter what happens next.

Perspective is so important because, without it, even the most intelligent of investors can be ruined from a lack of self-awareness in their own abilities. Investors that fail to put the news or market moves into the proper context....[1/2]
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10-K Diver
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1/

Get a cup of coffee.

In this thread, I'll help you understand Geometric Expectations.


2/

Imagine we have an investment opportunity.

If the investment goes well, we get to double our money.

But if it goes badly, we'll end up losing three fourths of it.

There's a 50/50 chance of either outcome.

The question: is this a good bet or not?

3/

A simple way to approach this question is to calculate the bet's "expectation".

For every $1 we bet, there are 2 possibilities:

1. The lucky case, where we double our money and end up with $2, and

2. The unlucky case, where we lose (3/4)'th to end up with just $0.25.

4/

Each of these outcomes is equally likely.

So, on *average*, every $1 we put in turns into ($2 + $0.25)/2 = $1.125.

This is a *positive* 12.5% return.

Such bets are called *positive expectation* bets. On average, we expect to *make* (rather than *lose*) money on them.

5/

Suppose we could take many turns betting at these odds.

In any one turn, we could of course lose money.

But because our bet has positive expectation, *over time* we expect to make money.
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

1/ Free Multi Timeframe Analysis

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

The best part about this is this is absolutely free to do.

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


3/ Free Segregation into different headers/sectors

You can create multiple sections sector-wise for free.

1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.

Kinda like how I did in the picture below.
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Zerodha
Zerodha
@zerodhaonline
ChartIQ charts on Kite web just got an upgrade with custom timeframe charts, new indicators, backtesting from charts, and much more.

Here’s how you can switch to the new version of ChartIQ: https://t.co/rhXrQ330G7

A thread on all the new features 👇


Custom timeframe charts

Charts with timeframes of 75 and 125 minutes were amongst the most popular feature requests. With the custom timeframe feature, you can now not only access 75 and 125-minute charts, but you can also do so for any timeframe of your choice.


Download historical data in CSV

You can now download chart data to Excel to run your own analyses.


Backtesting from charts

@StreakTech allows you to create and backtest trading strategies without any coding. Streak is now integrated with Kite charts. Clicking on the Streak icon will start a backtest of widely used strategies with the indicators applied on the charts.


Shortcut keys for various functions

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Mitesh Patel
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Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
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EVOLUTION OF CROWNS

The ancient Indian kings called a head crown as a Mukut and it would mostly constitute of a golden ornamental headgear like an oval cap with gems.

Sometimes it would also include a halo circle to show the divinity of the king

1/7


As it was considered that kings were appointment by the gods themselves. Example the kings of mewar considered themselves to be the ‘Diwan of eklingji')

But in most cases very few Mukut with halo effect have been found.

2/7

Samudragupta in the gupta era coin. You can see the helmet like headwear on him.

Till gupta era the solid golden head wear was used in most days of the monarch.

But since the onset of 8th century it reduced in usage and was now used only as a ceremonial headwear.

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Whereas earlier the Maharaja had to wear the mukut whenever his court was in session.

Still mukut was being used prominently for ceremonial activities till recent times.

Maharaj Dahir of Sindh👇

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But as times past the style of headwear also changed.

The kings mostly wore turbans ordained with pearls and gems while rarely anyone wore a true Mukut after 16th century.

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5/7
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