No sir, I am not at all speculate on this thing. What I means is just like self medicine is harmful in the same way reading anything or everything can do harm to us. As no single traders is same as the other, many books may not suit all the traders. Hence if we read it all, we may get more confused. A specialist doctor can only subsricibe to the medicine depending on the pateient and in same way we should also give same treatment to books and other thing we read or listen. Atleast this is my thinking and I feel that what only that suite me wether a book or anything else I will follow only after testing it.
Thank you.
Dear Ranger
There is a difference between
GURU and BOOK. You follow GURU on whatever he says and you don't listen to anybody else (There are some forums/chat rooms, some paid/some free, where such GURU's exist). In that case what you said is mostly right. If you are following a GURU and also listening to Others confusion is bound to occur.
I do not believe in
SPOON FEEDING, thus I loathe such a concept.
Coming to Books, there is bound to be different opinions according to style of trading (Jobbing vs Range Day trading vs Trend Day Trading vs Swing Trading vs position trading), also according to risk apetite (aggresive vs moderate vs conservative), also in different time frames. Thus you need to know What category you fall into and then go by the advice. If you are a Day trader and follow a swing trading guidelines religiously I am afraid you may end up not very happy.
Also please bear in mind trading is not a binary work (0|1), it's a lot of fuzzy logic, Aren't you amaze by the Market Dynamics, that when you are buying a stock you believe it is going up and the person who is selling you belives it is going down (you know only one can be right ,
BUT THIS DOES NOT MEAN THAT BOTH CANNOT MAKE MONEY).
Personally I have been a bibliophile and love reading books. If you read classics and some great books, they will open your horizon of thought, they will show you more ways into freedom.
If you also do not believe in blindly following GURU's then go ahead and read the books i have mentioned, believe me you will be a much better trader (in terms of judgement and rationale) after reading them. How much money you will make will eventually be decided by your Behavior Modification after gainng knowledge.
P.S: All these books are available in PDF format and infact some in podcast also. If you can't find it then PM me your email address, i will be more than happy to forward it.