Its bit late. Almost by more than a month…
But here is my list of books I read in 2024 calender year. Giving out the list , is the tradition I started from 2023 onwards. Its just to note down what I read during the year.
My list of books that I read in Calender year 2024 :-
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Anatomy of Breakout and Pullback Trading by Kaushik Akiwatkar
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White Nights by Fyodor Dostoyevsky
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Life Ahead by J. Krishnamurti
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The Talent Code by Daniel Coyle
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Crime and Punishment by Fyodor Dostoyevsky
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Don’t sweat the small stuff and it’s all small stuff by Richard Carlson
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Thinking in Bets by Annie Duke
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Thinking and Trade like a Champion by Mark Minervini
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Breakout Trading made easy by Sunil Gurjar
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Stocks on the Move by Andreas Clenow
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Quantitative Momentum by Wesley Gray
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The Prince by Niccolo Machiavelli
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Collected works of Kahlil Gibran
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The Silva Mind Control Method by Jose Silva
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Trade like a stock market wizard by Mark Minervini
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48 Laws of Power by Robert Greene
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How to Trade in stocks by Jesse Livermore
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Veil of Shadows by Siddharth Maheshwari
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How to read a book by Mortimer Adler
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Zen and Art Of motorcycle maintenance by Robert Pirsig
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The courage to be disliked by Ichiro Kishimi
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Undo It by Dean Ornish
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You can be a stock market genius by Joel Greenblatt
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Trading in the zone by Mark Douglas
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The science of Enlightenment by Shinzen Young
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Any new perspectives found in the finance books, any new ideas that can be implemented as they are or that can be added to what we do?
@ChaitanyaC During 2024, it started with Quantitative Momentum by Wesley Gray, whereby I developed the confidence in momentum strategy and investing in growing stocks became easier for me. ( Earlier it was more about averaging down). Now I dont fear of investing high PE stocks or averaging up.
Then with stocks on the move by Andreas Clenow, I actually went and implemented the strategy. With mixed performance but better than major mutual funds.
But when I read the two books of Minervini and the Breakout Trading books by Kaushik and Sunil, my focus went on the more nuanced and more specific, technical aspects for entry and exits. Specially with Mark Minervini’s VCP and SEPA , i came across very sharp technical entry points and then …
I realised that , this is making me short term trader ( Swing trader ) and that was not what I wanted when I went into Technical field.
I just wanted help from technical field so that I can improve my entry and exits and avoid getting into those stocks which are moving in wrong direction. I never wanted to sell at 8% stop loss and book the profits at 20%.
I realised , I am Investor at heart and not a trader, a momentum investor who takes help from technicals. I am not comfortable selling and buying stocks in 2-3 months, unless offcourse something horrible has happened.
So now I am taking help of technical in more general way and focussed on business and fundamentals and will be trying to hold for medium term.
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May I please know the back testing results of your strategy with small and micro caps? And how about the CAGR and XIRR so far from your journey. I’m studying the strategies involved with small and micro cap indeces, would like to know the results if possible. Thank you
Excellent foresight. So when do you plan to get in again?
@Sudhakar_Subramanian I will enter when major indices start moving up or leaders are emerging from base…
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I have no resources to backtest. I started from August with rank based momentum…By november and December , I was out of markets…So performance is not for long term. But during those months, performance was good, beating most of the mutual funds.
*But remember the most important thing. Its not only about performance. Its also about, having total control over your portfolio and freedom to come in cash any time. This superpower is more valuable than performance. I can protect my portfolio effectiveness at any downfall, which is not possible in mutual funds.
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Would like to know the drawdown %ge in this portfolio since Jan 5th !
As on today, we only like number 12 and number 27 out of this list.
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@StageInvesting …I came in 100% cash within a week after 5th January. By the time I went in cash, My portfolio drawdown was 8% from ATH…
You call urself …“we”…Is it out of respect for urself ( Like Old actor Rajkumar), or you are referring to some organization , of which you are part?
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@Sudhakar_Subramanian …I have deployed some portion in few stocks…partial positions…
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Can you comment on The Chart of TCPL from the lens of stage analysis?
After a long break..the latest update of Portfolio…
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@Tariq_Aziz , From Stage analysis point of view, TCPL is in Stage 2 uptrend..Consolidating from March month..
After upcoming RBI guidelines in Gold NBFC and due to which, sharp drawdown in Muthoot Finance…I am re-thinking about Muthoot Finance, whether its a worthwhile long term (1-2 year hold)? Similar thoughts about Persistent Systems..With Tariff Tantrums, and AI threat, future of Indian Software service companies is in doubt..Whether its a right candidate for holding for 2 years atleast..Both companies have very good fundamentals but their technicals and charts are deteriorating… My position in Muthoot Finance down by 10% and Persistent down by 20% from purchase price…
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