3 Books on How to Survive Bear Markets
Maybe you’re waiting for a “correction” or more importantly a bear market. If you’re a contrarian then you can prepare for a down direction in the market with this book. Make Money in Bull (or Bear) Markets with these 3 Books
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Make Money in Bull (or Bear) Markets with these 3 Books
Maybe you’ve seen the headlines recently where everyone’s celebrating the longest bull market in history (at the time of this writing).
That’s debatable as I see it, but really what has happened is is that the stock market, particularly the S&P 500, the SPY, has reached a new high and it’s never been this high before.
Most people are scared and saying the market is ripe for a “correction” meaning it’s going to go down, but again… debate.
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I had a history teacher in high school who said, “Opinion’s are like assholes… everybody has one.”
In a weird way that’s good advice because no matter what you do in life, whether playing the stock market or learning how to take care of your pet dog or cat properly, you don’t necessarily need opinions. What you really need is the right information that always, always, always come from a good book or paying for an “edumacation.”
I’m 43 and currently I’m thinking about taking a class on how to be a comic book writer where you work with artists to make a graphic novel or comic. It costs $199 and the man who runs it told me he’s worked in comic books for 50 years. Needless to say, he sold me on the 10 week class he’s offering and I’m all sorts of excited!
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Whatever you are thinking about doing take the time to find a class or read a book and make money in bull (or bear) Markets with these 3 books we’ve listed… Survive!
Right now, a lot of people are going to lose money by throwing it into the stock market without knowing what they are doing. They won’t read a book, they won’t take a class and instead just respond to any old headline the financial websites throw at them, which is a bad way to do things.
If you’re interested in getting in the stock market, right now, do yourself a favor and buy the several books I mention below I’ve read myself.
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1. Get in the zone
Trading in the Zone” by Mark Douglas
Do you get emotional about money? Do you get analysis paralysis when it comes to technical analysis? If so, this philosophical book will give you some insight on how to sit down at your computer every morning in your underwear with your trading account. Most people lose money when they trade and most success in this arena comes from the people who know how to control their actions, emotions and attitude to make money trading. Learn how to do all that by referring to this important book on the subject.
2. Make a living trading
“Trading for a Living” by Dr. Alexander Elder
Alexander Elder came to this country from Russia hardly knowing any English. His book has a great story on how he figured out to make lots of money in the stock market on his own and he shares solid information with the reader all based on his lifetime of trading experiences. Don’t hesitate to add this book to your stock market library to gain huge insight form this man’s wisdom.
3. Sell short
“How to Make Money Selling Stocks Short” by William J. O’Neil
Maybe you’re waiting for a “correction” or more importantly a bear market. If you’re a contrarian then you can prepare for a down direction in the market with this book. It’s full of easy to understand charts and pictures to show you what a down market looks like. William J. O’Neil and his family created IBD, so they “totes” know what they’re talking about when it comes to selling short.
Great! You now know how to make money in bull (or bear) markets with these 3 Books! Congrats!
What books did I miss?
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What Nobody Tells You About Trading Stocks
Disclaimer:
Losing money in stocks in real. This information was published for educational and entertainment purposes only and should not be perceived as financial advice. Due your own due diligence before entering the stock market.
