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Ask HN: Good resources for learning+getting into Finance / Trading?

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Re: Ask HN: Good resources for learning+getting into Finance / Trading?

#22
I'd start even simpler than a lot of these other comments. I've worked in the investment space for years and there are many, many great books to read. In fact, there are just too many of them.

Start of with a book by Peter Lynch - Probably "One up Wall Street". He's a legendary investor. After that, go a bit more broad - "A Random Walk Down Wall Street". After you're done with that, try learning about fundamental and technical analysis. They are 2 very different things, but are the basis for valuation/pricing.

When you're done with that, you'll know more than most.

Re: Ask HN: Good resources for learning+getting into Finance / Trading?

#23
for technical analysis: 1)World famous Dan Zanger (turned ~30k into 42 million in 2 years) http://chartpattern.com/

for options 1) cboe.com has the best online education around (free too).. including video cast and other media

2) option training: dan sheridan: http://www.sheridanmentoring.com/ , mark: http://www.option911.com/ both Dan and mark used to work w/ the najarien brother's in their huge market making firm on the CBOE.. both know their stuff backwords and forwards

Re: Ask HN: Good resources for learning+getting into Finance / Trading?

#24

for technical analysis: 1)World famous Dan Zanger (turned ~30k into 42 million in 2 years) http://chartpattern.com/ for options 1) cboe.com has the best online education around (free too).. including video cast and other media 2) option training: dan sheridan: http://www.sheridanmentoring.com/ , mark: http://www.option911.com/ both Dan and mark used to work w/ the najarien brother's in their huge market making firm o…

Wait, did you seriously recommend technical analysis?

Re: Ask HN: Good resources for learning+getting into Finance / Trading?

#25
post #24

for technical analysis: 1)World famous Dan Zanger (turned ~30k into 42 million in 2 years) http://chartpattern.com/ for options 1) cboe.com has the best online education around (free too).. including video cast and other media 2) option training: dan sheridan: http://www.sheridanmentoring.com/ , mark: http://www.option911.com/ both Dan and mark used to work w/ the najarien brother's in their huge market making firm o…

Wait, did you seriously recommend technical analysis?

Yup, all my hedge fund friends that actually make money use it :p

Re: Ask HN: Good resources for learning+getting into Finance / Trading?

#26
post #9

For the love of all that is holy go to Amazon right now and buy a copy of Trading and Exchanges: Market Microstructure for Practioners by Larry Harris. I'm not a trader, or an exchange, but I've been forced to get very, very intimate with the technological plumbing of both, and I've interviewed many of their developers, and you'll find the architects of match engines, order routing systems, and clearing backends reco…

I know HN frowns on "me too" posts, but Harris' book is the first to read for anyone wanting to get into the trading business. It's good enough that it deserves another recommendation.

Re: Ask HN: Good resources for learning+getting into Finance / Trading?

#28
post #14

I run http://Newsley.com . We're pivoting away from social news we're rebuilding the back end to turn it into a real time search engine for financial and economic news. The front page is populated with financial news and macro economic articles of interest

uh oh. Also, you have DEBUG = TRUE in your Django settings.

That's awkward.

I made some changes late last night, and messed up when I pushed them to the server.

It's fixed.

Re: Ask HN: Good resources for learning+getting into Finance / Trading?

#29
1. Caveat: the market can teach expensive unforgiving lessons. After you've read, learned and developed your own theories/strategies test them with practice and see if you're any good - consistently. Use a free service like vse.marketwatch.com or wallstreetsurvivor.com, or just pen and pad for several weeks/months before actually trading. This becomes more important depending on your level of aggression/risk.

2. Always define how much you're comfortable losing before trading. (time frames for entering/exiting trades helps too) The more you adhere to this the better you can control emotion-based trade decisions, and that equals money in this game.

Re: Ask HN: Good resources for learning+getting into Finance / Trading?

#30
post #24

Earlier quoted context omitted.

Wait, did you seriously recommend technical analysis?

Yup, all my hedge fund friends that actually make money use it :p

Isn't technical analysis basically a kind of stripped-down version of quantitative analysis focusing on relatively easy to compute and/or eyeball trend statistics?
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