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Nobody ever wants to hear this, but I have to say it anyhow: read A Random Walk Down Wallstreet, give up, and invest in index funds.
malkiel's work is based on flawed assumptions which lead to flawed conclusions -- i recommend reviewing those before spending time on his book.
"Trading" is not the answer. "Investing" is. Read The Intelligent Investor and Security Analysis, both by Benjamin Graham; and F Wall Street by Joe Ponzio (His website fwallstreet.com also has a number of gems. Particularly, his post about how to value a business http://www.fwallstreet.com/article/26-calculating-the-value-...)
If you read those materials, you will learn how to invest. They will teach you how to value stocks and more importantly, teach you how to think about the markets - be emotionally detached.