Best products from r/siatrader
We found 2 comment on r/siatrader discussing the most recommended products. We ran sentiment analysis on each of these comments to determine how redditors feel about different products. We found 2 products and ranked them based on the amount of positive reactions they received. Here are the top 20.
Schabacker is supposed to be the bible but it's from 1932 and not modern. That being said, modern isn't the be all and end all. Human mindset doesn't change. We have the same limbic system they did. And battling extremes of greed and fear are no different now than then and tend to play out in similar ways despite our modern tech.
My favorite read for insight from one of history's greatest speculators, Jesse Livermore, is Reminiscences of a Stock Operator.
Reminiscences teaches that a trader's greatest battle is not with the market but with his own mind. The most money is made identifying a bull market, getting on board early, or at least when it corrects, and riding it until just before it breaks. Which means basically doing nothing for a long period of time, other than adding on dips. Most people can't stand to do nothing. They try to catch the little swings, playing for peanuts, and end up missing the bulk of the move.
Better to sit tight, forget about it even, as long as the bull remains intact. Like, for example, the people who forgot they mined a lot of bitcoin early, only remembering about it after the price had soared. It's like Rip Van Winkle waking up rich. Do you think they would have had the fortitude or resilience to hold their position to that point had they been watching the market everyday? No. Or maybe perhaps 1 in a 1000. Forgetting was their saving grace. Sitting tight is the way to ride the bull.