11 Comments
User's avatar
тна Return to thread
James | Slack Capital's avatar

Great article! Do you have any recommended books?

Expand full comment
Sara's avatar

Thank you, James! I have some recommendations on the psych behind investment/trading. Fooled by Randomness by Nassim Taleb is a great one! Are you looking for any particular topic? Maybe I can give you more accurate recos based on that.

Expand full comment
James | Slack Capital's avatar

Thanks Sara! I will check out that book. Would love to hear any recommendations of books/articles towards buying into a stock, having patience and not letting eagerness jump out too early. I mostly invest in small-cap stocks with low liquidity and so I need to control myself in the accumulation phase

Expand full comment
Sara's avatar

Investors deal with time risk on a much larger scale than traders so patience is truly a key thing.

A great book on this is Reminiscences of a Stock Operator. In the book Edwin tells the story of Jesse Livermore when he realized that entering too soon wasnтАЩt so much a matter of price, more about the risk of waiting for the move to happen while tying up capital in a position that might not move for weeks or months.

I strongly recommend Bret Steenbarger's TraderFeed blog (https://traderfeed.blogspot.com/) where he covers multiple topics related to patience in a practical fashion. Try to make a google search with "Bret Steenbarger TraderFeed patience" and all the articles he wrote on the topic will show up.

I hope you find it useful!

Expand full comment
James | Slack Capital's avatar

What a reply! Thanks so much

Expand full comment
Kristopher Rymer's avatar

I will let Sara answer this one since she wrote the article.

Expand full comment
Kristopher Rymer's avatar

@Sara can answer thisтАж

Expand full comment