You say ‘Stock Market’ and in a clock’s tick, my mind implodes with visuals I have read, seen, and experienced.
Graphs. Yelling. Ticker tape. Bulls. Leonardo DiCaprio. More yelling. Pink McLaren. MBAs. Red. Leonardo DiCaprio. More graphs. Sigh. Risk. Casino floors. Tattered shelters. Pursuit of Yelling still. Fear. Newsstands. Empty cubicles. Leonardo DiCaprio. Masks. Closed signs. Profits. Empty wallets. Facial nerves. Leonardo DiCaprio. Champagne. Business class. Graphs still. War still. Leonardo DiCaprio. Finance class. Economies. Time. Tears. Greed. For Sale signs. Fine, Brad Pitt. Credit cards. Big tech. Scams. Alerts. IPOs. Layoffs.
Money, Money, Money! is always funny.
It never ends there. ABBA gets it.
What has always stuck with me about the stock market, is that it is a finely detailed microcosm, reflecting our joy, sorrow, triumphs, and setbacks through the numbers and gridlines of its charts. Reading these is like recalling how we spent much of our childhood saving Pikachu Tazos to exchange for a variety of Pokémon cards, anticipating they would come in handy on a rainy day. Just as our emotions fuelled those childhood exchanges, they play a significant role in the stock market as well.
Then what about it that makes us apprehensive? The author having faced the horrors of unpacking theory into practice, opens the doors to what is marketed as one of the largest closed clubs there is. Sorry, Bavarian Illuminati. To that end, the advice offered is manageable, and therefore, becomes a tool in your arsenal to defer to when in doubt or when a little clarification is needed as to what one should do.
Stock market investing is a lot like the Elder Wand (from Harry Potter). It sits on Dumbledore’s desk for the better part of the story, the most powerful wand there ever was, somehow overshadowed by the allure of the one who yielded it with impressive feats. Few knew the power of wielding it, and even fewer knew it made one a master of death. Now, I am aware I am not fighting Voldemort, but you-know-this market is one that has everyone thinking about some green. More precisely, how best to fight this situation to make more?
Indrazith Shantharaj’s ‘How to Make Money in Stock Market Trading?’ takes you not into jargon land to impress, but into beginner's land to inform. Most beginner books often lead readers astray, their misdirection only apparent when transitioning to more advanced texts. However, this book offers the essential knowledge required to fully embrace the beginner's journey and the importance of practice. While one would think that gaining a degree of education would increase confidence in exploring the stock market, in reality it has made me feel like someone who learns a few words in a new language but then becomes confused as soon as they are told the directions. Non Capisco. The author explains the stock market world sparingly, focusing entirely on practice instead. All chapters answer questions we have all had at one time or another. Answers are typically found in two ways - one is the Ryan Gosling approach, referencing everyday experiences to unpack strange terms, which we saw in 'Big Short'. Another option is Peter Lynch and Warren Buffet style answers, which are seemingly simple but require expertise to understand. As an alternative, the author skirts around the edges of both styles, focusing on what we need most to begin with while also addressing common apprehensions upfront.
This book effectively teaches how to interpret graphs and identify patterns, often emphasising the importance of practice with almost excessive repetition. The author delves into the most popular types of charts suited for various trading styles, detailing how to interpret them effectively. He guides readers on selecting the appropriate graph and emphasises the importance of comparing multiple charts to gather essential data for informed buy, hold and sell decisions. With over 30 real charts as examples, each data point is meticulously explained, enabling readers to practice recognising patterns and confidently make trading decisions. He warns where beginners should wait to venture and where seasoned traders can experiment. Each graph holds hidden insights that, when combined, empower us to make informed investment decisions while safeguarding our assets. It's like learning to harness the power of Seurat’s brush strokes—to create a masterpiece from seemingly disparate elements. The author is extremely honest about just how careful one must be to ensure that money makes money without the stress, ending on his own experience.
In essence, this book is like Snape's old potion textbook, offering the keen insights and practical wisdom of an attentive student. So, for anyone embarking on their stock market journey, consider this book your indispensable companion—a reliable source of knowledge and guidance in a world where uncertainty looms large and get started.
Happy Reading!
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