Highlights books related to the week's top financial news stories, by Karris Golden, president & COO of Wasendorf & Associates (Traders Press Inc., W&A Publishing and SFO Magazine)
Ask me anythingSubmit
Some girls dream of being ballerinas or princesses.
Not me. As I sat at my grandpa’s knee and learned about baseball, I nurtured dreams of being a Major League Baseball umpire.
I’m not kidding —- not even a little. I love almost everything about the game. I’d tell you about the “almost,” but it’s such a minor, nit-picky thing that would make me sound nutty.
So will this: I’m a long-suffering Chicago Cubs fans. Today marks the opening of the 2012 Cubs season and puts me in mind of a unique book filled with useful trading insights.
Like baseball, trading requires sound coaching, honest self-knowledge and shrewd understanding of “the game.”
“They both started as relatively informal endeavors in New York and grew into massive institutions,” he writes. “Organized trading started under a tree along a wall that protected a city. The wall gave name to a street, and the street later became home to one of the most venerable institutions on earth. Organized baseball started in fields around the same city. Its popularity grew, and it spread to fields around the country.”
Shop Traders Press® for the lowest prices on this and other titles. We’ve done all the leg work; if you find it Amazon has it priced lower, send us a link, and we’ll beat it! In addition, all orders of $25 or more delivered to addresses within the continental United States will ship for free!*
March is Women’s History Month, a worldwide observance of the contributions we’ve made in the past and present.
More women than ever trading and taking control of their investments. And philanthropy expert Margaret May notes that women spend $5 trillion per year and control more than 75% of the total wealth in the United States. We also influence and/or make 84% of household financial decisions.
So while I’m all for celebrating our history and remembering where we came from, my priority is to ensure we all have access to information to grow personal wealth.
·SFO magazine—a digital publication for stocks, futures, foreign currency and option traders that’s always free. It’s a great way learn and start building confidence, plus it’s edited by women!
OrderOptions Trading in Your Spare Time and the other titles mentioned in today’s blog. No need to use a promo code; just take advantage of the better-than-Amazon pricing at TradersPress.com and enjoy free S&H* when you spend $25 or more.
*Restrictions apply. International flat rate shipping is $10 for the first item and $5 for each additional item.Email customerservice@traderspress.com with questions.
Technology in ePublishing has improved reading devices, making the experience more like reading printed books. But “cuddle with my Kindle” doesn’t quite roll off the tongue—yet.
I was definitely a hold out on eBooks, largely because I’ve been wrestling with the darn things since their infancy. Early on, they weren’t great.
Then I held a Kindle a few years ago. I was nothing short of covetous.
Ultimately, I got an iPad. My reaction? Pure joy. I have actually hugged the thing—more than once.
My iPad hasn’t changed the way I read. I still bookmark, highlight, make notes and look up words. I also can continue reading several books at a time, but without lugging them all around.
What did I give up for the iPad? Well, paper, and I’m better off. And until the voluminous, complete set of the human experience finally makes it to iBooks, I’ll keep hoofing it to the library. I also purged thousands of books from my home—another thing for the win column.
When I hear this, I smile politely. I just don’t get it.
This isn’t a case of a writer railing against the imprecise use of language. I profess to “love” many things you might consider implausible. Can I really love bad pop songs from the 1980s and 1990s? Insensible shoes? Peanut butter?!
Doubt all you want. My love is true—especially where peanut butter is concerned. So I respect another’s right to love Cramer. Free country and all that. Plus, he offers some great information. His books, like Getting Back to Even and Mad Money, are good.
And now the “but” you’re waiting for: Cramer’s flaws are glaring and often insurmountable. When someone with a public, worldwide forum regularly flaunts his inconsistencies, irresponsibility and hypocrisy, that’s a fairly big deal.
For example, Cramer’s latest crusade is against crude oil speculators. He wants them indicted for driving up the price of gas. He wants more and better regulation. He made his outraged case on his TV show, Mad Money.
He’s clearly angry. But it doesn’t ring true, because a month ago he advocated the same trading practices that he now derides when advising viewers on how to trade gold.
Sometimes, Cramer just can’t help but rat himself out; he seems to be one of those guys who needs you to know he got away with something naughty. Cramer was at the center of a 2007 controversy because he explained how, as a hedge fund manager, he used admittedly illegal practices to manipulate stock prices. He bragged about it—to USA Today.
Influential financial TV personalities will probably always make wildly irresponsible statements, and some individuals will suffer. Your best, safest bet is to develop a solid understanding and learn how you can best to interpret all the available information.
Save on the titles mentioned in today’s blog and more by using promo code KGBLOG911 to receive 20% off sitewide and free U.S. S&H* at TradersPress.com.
*Some restrictions apply. Shipping is free to residents in the continental United States. International shipping will be applied at our regular shipping rates.
This month’s SFO (Stocks, Futures, Options) magazine offers “Stop Chasing Trades: The 10-Week Average Can Help.” In the article, RealMoney columnist Kate Stalter explains the ins and outs of using 10-week moving average—a “key benchmark professional investors monitor.”
“When professional investors … have ownership in a particular stock, they’ll often swoop in to grab more shares at a lower price when they see a pullback,” Stalter writes. “Because they presumably have confidence that the stock has more room to run higher, the strategy makes sense. Individual investors can watch this support as it is unfolding and follow in the pros footsteps.”
If you’re interested in utilizing the strategies Stalter explains, were do you begin?
SFO is a great start, and it’s a free source of great educational tools and tips. The magazine also offers the Trading the Indicators Series, an inexpensive digital resource that outlines the basics. You also can check out The Encyclopedia of Technical Market Indicators by Robert W. Colby, which evaluates myriad investment timing models.
Traders Press offers a variety of resources on Economic and Technical indicators. Use the promotional code KGBLOG711 and receive 20% off your purchase plus free U.S. S&H* until midnight CDT tonight. (It will then revert to the regular 10% off plus free U.S. S&H* discount I usually offer.)
It’s no secret that the other Traders Pressbloggers and I are in a promotional code contest, and it’s no surprise I’m winning!
As I mentioned previously, the discount is currently 20% off—double that which we normally offer on all purchases at TradersPress.com, plus free U.S. S&H.* Just use promo code KGBLOG711 to save! (Yeah, you’ll get 20% off using the other bloggers’ codes, too.) In addition and as always, you’ll earn your rewards points, which adds up to savings on future purchases!
*Some restrictions apply. Shipping is free to residents in the continental United States. International shipping charges will be applied at our regular shipping rates.
