Stock Investment: A Personal Motto Book
When putting stock investing into practice, I have studied by purchasing various books and information products.
Have I bought more than 100 books?
Books of this kind tend to follow a pattern, and the best way to judge whether they are trustworthy is
by what slogans are written on the book and its cover.
First of all, something you should never buy is
“A stock investing method that grew 300,000 yen into 100 million.”
For some reason, it is common to quote amounts in this way, such as …… ten thousand yen turning into several hundred million yen.
This “XX ten thousand yen” represents roughly the minimum amount that a person might hold in a regular savings account.
The typical amount is around 300,000 yen, and it is said to grow into several hundred million yen.
XX is typically a number starting with 1, and the unit is in hundreds of millions of yen.
If it is 200 million or more, it sounds fake, and if it is 100 million, it would be an amount only a person with about 300,000 yen in ordinary savings would have viewed as a dream.
From my perspective, this catchphrase is the same sort of thing as a book that says,
“Invest 300,000 yen and win 100 million yen with a lottery—headquarters of the prize sales disclosed”
so you would not buy it in the first place.
So what kinds of books did I select? To classify them, I would say:
1. Collections of universal methods
The first person in the world to start futures trading was a Japanese person in the Edo period, beginning with rice futures.
From this period, candlestick charts were developed. Methods to analyze market movements by delving into this were
also developed. With a long history and still in use, these methods can be deemed universal. Books that explain this in detail have credibility and stability, and you can read them again and again and discover new things.
There is a sense of reliability here.
2. Biographies of legendary traders
The name Ginzo Kawa is a legendary investor that every stock trader has probably heard of at least once.
What such legendary traders think and how they have traded the markets is fascinating, and I want to internalize it.
No matter how many times I read it, it often makes me think deeply.
3. Books on the mindset
Stock trading is, in a sense, a psychological battle. On the other side of the chart there are many enemies in a battlefield.
There isn’t actual punching or fighting, but it is a struggle of minds against minds. There are people online who cheer on buying or selling, but that too is part of the psychological battle.
Thus, how stable the mind is during trading and what kinds of methods exist for achieving that stability—I've read quite a few “mindset” books. Of course, this even extends to books that are entirely outside the field of stock trading.
Part 1 focuses more on methods, while Parts 2 and 3 center on facing the market with a certain mindset. Looking back at the collected books, the number of Part 1 books is about 10% of the total; most are Parts 2 and 3.
How did you find it? On paid sites, I will introduce especially recommended books from among the many I have read.
Since I cannot finish in one go, I plan to add more over several days.
The blog [Chris’s Investment Diary] is below.
