Dividend-paying stocks are a good start. Selling covered calls is a "conservative" way to start learning options. Day traders lose lots of money, in general. It takes several business cycles to understand the flow, the periodic nature, of the stock market. Bonds and stocks compete against each other, for investors' money.
I'm sure someone with your background would benefit more with Mathematical Finance texts! The only math you need is Linear Algebra and Calculus to get into Econometrics and look into Arbitrage
Hey Math Sorcerer, I liked your videos about math before, but didn't know you were into trading as well! Really agree with your methodology about trading, and I would be interested in see more trading videos! Some of my recommendations: Overall - Alpha Trader - Brent Donelley (Great trader, great writer, best overall trading book for me) Biographies - Market Wizards Series - Jack Schwager - Trading Sardines - Linda Raschke Podcasts - Alphamind - Chat with Traders
I just got into a state university on my GED, 3 years of grinding and 6 essays! I am double majoring in Pure Mathematics and Physics. I am 45 I should add, and I am the first person in my family to get into a state college. Any Advice?
That is so awesome!! Wishing you the best of luck. I am 41 and almost ready to transfer to a university. Went back to school at 38. It’s never too late!
Hi man, I really like your videos! I noticed that you have a lot of great videos about applied mathematics in several different fields, but not about economics. As a second year economics major, I would really love to see (and with me a lot more economists I think) a video where you share your point of view about the mathematics in economic analysis (macro, micro economics etc.). It would be really great if you could review books like ‘Essential Mathematics for Economic Analysis’ (by Peter Hammond etc.) or ‘Mathematics for Economics’ (by Michael Hoy etc.). A lot of people in different professions seem to view the math in economic analysis as ‘easy’ or ‘simple’, and it would be nice if you could share your point of view. Again, really great videos, your excitement about math is very motivating!
I'm feeling a little overwhelmed by the size and apparent technicality of 'Technical Analysis of the Financial Markets'. I am also considering 'Getting Started in Technical Analysis' by Jack Schwager. Would you please provide some advise? I have no formal trading education and so far I have only read, 'The New Trading for a Living' by Alexander Elder.
You do not need to make any sort of Financial Advice Disclaimer on this video since this is Not a video about Financial Advice. You are simply pointing out that if anyone wants to go on and trade they should know the basics and therefore those are some books on Trading. Nothing of that constitutes Financial Advice. Financial Advice is when anyone says buy or sell a certain security, commodity, index, or any other "Financial tradable Tool" Listed on a Stock Exchange or any other Legal Broker.
@@TheMathSorcerer Also there is something called The First Amendment ... Information should be free 😀 Recommending good Books is Totally Legal and requires no disclaimer.
Options, Futures, and other Derivatives by Hull Dan Stefanica - A Primer for the Mathematics of Financial Engineering Physics and Finance by Ziemann is quite interesting Machine Learning in Finance - From Theory to Practice by Dixon The Econometrics of Financial Markets - Campbell, Ho, Mackinley Paul Wilmott on Quantitative Finance Zvi Bodie, Alex Kane, Alan Marcus - ISE Essentials of Investments, as a general introduction to finance
Have you tried A.A..I.I.(American Associations of Individual Investors)?investing in smaller stocks not on major indexes or using larger index funds to reduce risk? Still always trading risk with those too! -U.S.-Also trade international with index no load funds
I read some of these books and I wonder how to convert this information into actual profit. We may know about some patterns, but how to create strategy that's actually profitable? Is there some method that will provide profit better than S&P 500 in long-term, with similar risk? How to do this as average trader with limited access to data? I like theory, but these books did not made me a trader, so I'm missing something.
I am curious about your detailed opinion on the Elliot wave principle. I trade BTC using predictions according to the book from Mr. Frost and Mr. Prechter, and sometimes a thought to myself whether the possibiility of all those "patterns and combinations thereof" is not something like a tautology to "once it goes up, then down, sometimes sharply, another time slowly and so on". But so far i trust my strategy. I wish you good luck.
You are one of the smartest people on UA-cam, an I truly appreciate the value of every your video. But these "trading" books are just a joke and snake oil! There is either Quantitative (and algorithmic) Trading or Gambling. Quantitative Trading, Stochastic processes, Ito Calculus, Time Series Analysis, Financial Engineering, Statistical Learning -- these topics I would imagine Mathematician would recommend, not some "psychology". There is no need in psychology for diversified portfolio of automated trading strategies (maybe just risk metrics to check on greed). Available in books (Springer and other) on Amazon. People don't fall into that illusion.
I reckon it's all rigged: you know the big players and isn't it all done through algorithms now anyway? I think there's huge amounts of insider trading. I can't believe when the world's super rich meet they don't discuss what the company is doing, will do.
Trading cannot be mastered for the simply reason that it depends on luck. Those books are useless, they are based on unproven theories, actually they are based on proven to be false theories. Trading is like going to the casino, just that going to the casino is funnier.
@@test99947 For a typical trader, it depends mostly on luck, so it cannot be mastered. You can have a monkey doing the trading and it will do the same or better than the average trader. If you are a big player managing a lot of resources and with more information than most, it's possible to find ways. If you are the controller of trading, you always win.
Technical Analysis is to real discretionary macro strategies what astrology is to astrophysics. It’s utter nonsense, and I am disappointed that you promoted it.
How is that working now? Seems like the market is going up in the face of pervasive dismal macroeconomic trends, at least for now. What book do you recommend?
i think you are a good person you helped me and other people alot may Allah gide you to Islam and you should reed quran it's your god's book and his words and it's the least book from god to us we should be attention for that ty
Would love to see more videos about your trading/investing processes :)
You can be a PhD in Math and still be a failure in Trading. Trading is a different ballgame
And you can have no degree, and be successful in trading.
Dividend-paying stocks are a good start. Selling covered calls is a "conservative" way to start learning options. Day traders lose lots of money, in general. It takes several business cycles to understand the flow, the periodic nature, of the stock market. Bonds and stocks compete against each other, for investors' money.
🔥🔥
I'm sure someone with your background would benefit more with Mathematical Finance texts! The only math you need is Linear Algebra and Calculus to get into Econometrics and look into Arbitrage
Unfortunately it's not even half of it😂. Usually such a path leads to paralysis of analysis
@@kayunrtd3514 I mean to get started
As a long time viewer of yours and somone going into the investment banking field, thank you so much
Hey Math Sorcerer,
I liked your videos about math before, but didn't know you were into trading as well! Really agree with your methodology about trading, and I would be interested in see more trading videos!
Some of my recommendations:
Overall
- Alpha Trader - Brent Donelley (Great trader, great writer, best overall trading book for me)
Biographies
- Market Wizards Series - Jack Schwager
- Trading Sardines - Linda Raschke
Podcasts
- Alphamind
- Chat with Traders
Thank you 🔥
I just got into a state university on my GED, 3 years of grinding and 6 essays! I am double majoring in Pure Mathematics and Physics. I am 45 I should add, and I am the first person in my family to get into a state college. Any Advice?
I'm 31 similar situation but Engineering Physics and Mathematics! Best of luck to you!!
That's so cool & you should encourage your close relatives to do the same but make sure to not come across as condescending tho
That is so awesome!! Wishing you the best of luck. I am 41 and almost ready to transfer to a university. Went back to school at 38. It’s never too late!
Hi man, I really like your videos! I noticed that you have a lot of great videos about applied mathematics in several different fields, but not about economics. As a second year economics major, I would really love to see (and with me a lot more economists I think) a video where you share your point of view about the mathematics in economic analysis (macro, micro economics etc.). It would be really great if you could review books like ‘Essential Mathematics for Economic Analysis’ (by Peter Hammond etc.) or ‘Mathematics for Economics’ (by Michael Hoy etc.). A lot of people in different professions seem to view the math in economic analysis as ‘easy’ or ‘simple’, and it would be nice if you could share your point of view. Again, really great videos, your excitement about math is very motivating!
I just VTI and chill.
🔥🔥🔥🔥🔥🔥
I'm feeling a little overwhelmed by the size and apparent technicality of 'Technical Analysis of the Financial Markets'. I am also considering 'Getting Started in Technical Analysis' by Jack Schwager. Would you please provide some advise? I have no formal trading education and so far I have only read, 'The New Trading for a Living' by Alexander Elder.
Thanks math sorcerer!
look forward to more live streams and book recommedations
Please make one for mathematics for economics as well ❤
That would be great
Everyday I watch your videos to try understand mathematics for my college return this year for spring semester
Thank you for the excellent video. Do you have any book recommendations for supply and demand with respect to price action?
A good book to know first about the financial system is "The money machine", from the UK.
Bests books for Chemistry....!!!!
You do not need to make any sort of Financial Advice Disclaimer on this video since this is Not a video about Financial Advice. You are simply pointing out that if anyone wants to go on and trade they should know the basics and therefore those are some books on Trading. Nothing of that constitutes Financial Advice. Financial Advice is when anyone says buy or sell a certain security, commodity, index, or any other "Financial tradable Tool" Listed on a Stock Exchange or any other Legal Broker.
Cool thank you 😁
@@TheMathSorcerer Also there is something called The First Amendment ... Information should be free 😀 Recommending good Books is Totally Legal and requires no disclaimer.
Mate what books can i get on financial mathematics, that includes options and other financial derivatives. That also has math a lot of mathematics
I just ordered An Elementary Introduction to Mathematical Finance by Sheldon Ross
Options, Futures, and other Derivatives by Hull
Dan Stefanica - A Primer for the Mathematics of Financial Engineering
Physics and Finance by Ziemann is quite interesting
Machine Learning in Finance - From Theory to Practice by Dixon
The Econometrics of Financial Markets - Campbell, Ho, Mackinley
Paul Wilmott on Quantitative Finance
Zvi Bodie, Alex Kane, Alan Marcus - ISE Essentials of Investments, as a general introduction to finance
Good list 🔥🔥
Mark Joshi is my favorite author.
Damn the sorcerer spitting truth!, i too want to use math to trade, i want to use data science and do quant trading
You can! Just keep at it and give up at the right time to manage risk!
I love this content
So cool that you repeat the complaint on repetition 4 times :D
Have you tried A.A..I.I.(American Associations of Individual Investors)?investing in smaller stocks not on major indexes or using larger index funds to reduce risk? Still always trading risk with those too! -U.S.-Also trade international with index no load funds
Options, Futures, and Other Derivatives by Hall is highly regarded
Thank you 👍
What books do you recommend for fundamental analysis?
The intelligent investor. A more hardcore book is security analysis but the intelligent investor is easy and fun to read😁
@@TheMathSorcerer Do you ever get to read E-books ? What are your thoughts on them ?
I read some of these books and I wonder how to convert this information into actual profit. We may know about some patterns, but how to create strategy that's actually profitable? Is there some method that will provide profit better than S&P 500 in long-term, with similar risk? How to do this as average trader with limited access to data? I like theory, but these books did not made me a trader, so I'm missing something.
WD GANN BOOKS
Wow I never imagined Math Socerer will talk about this issue
Any book recommendations for algo trading
so what is it you trade that is worth receiving money? is it like trading a pencil for penny sort of thing?
Stonks 📈
Hehe
Where do you find the time to read all these books? Do you read 24/7?
These are pretty easy to read compared to math books 😁
Recommended category theory books?
It's like a bow
Before you can use it. You have to know it's first. How it works
-im just telling myself 😂
Id rather go and spin it all on red
I am curious about your detailed opinion on the Elliot wave principle. I trade BTC using predictions according to the book from Mr. Frost and Mr. Prechter, and sometimes a thought to myself whether the possibiility of all those "patterns and combinations thereof" is not something like a tautology to "once it goes up, then down, sometimes sharply, another time slowly and so on". But so far i trust my strategy. I wish you good luck.
You are one of the smartest people on UA-cam, an I truly appreciate the value of every your video.
But these "trading" books are just a joke and snake oil! There is either Quantitative (and algorithmic) Trading or Gambling.
Quantitative Trading, Stochastic processes, Ito Calculus, Time Series Analysis, Financial Engineering, Statistical Learning -- these topics I would imagine Mathematician would recommend, not some "psychology". There is no need in psychology for diversified portfolio of automated trading strategies (maybe just risk metrics to check on greed).
Available in books (Springer and other) on Amazon. People don't fall into that illusion.
I’ve always felt like this stuff never really makes sense, like patterns etc… it’s snake oil to me.
You will go nowhere without: Jared Tendlers - The Mental Game of Trading
suggest a good game theory book pls
The Stock Sorcerer
Math is certain
Trading is uncertain
Godel...
I reckon it's all rigged: you know the big players and isn't it all done through algorithms now anyway? I think there's huge amounts of insider trading. I can't believe when the world's super rich meet they don't discuss what the company is doing, will do.
Trading cannot be mastered for the simply reason that it depends on luck.
Those books are useless, they are based on unproven theories, actually they are based on proven to be false theories.
Trading is like going to the casino, just that going to the casino is funnier.
@@matthewthompson6455 Yes, by the operators of casinos and the stock market :)
it very clearly does not depend entirely on luck
@@test99947 For a typical trader, it depends mostly on luck, so it cannot be mastered.
You can have a monkey doing the trading and it will do the same or better than the average trader.
If you are a big player managing a lot of resources and with more information than most, it's possible to find ways.
If you are the controller of trading, you always win.
All Finance books are repetitive by nature
lol
Technical Analysis is to real discretionary macro strategies what astrology is to astrophysics. It’s utter nonsense, and I am disappointed that you promoted it.
Do you trade at all?
How is that working now? Seems like the market is going up in the face of pervasive dismal macroeconomic trends, at least for now. What book do you recommend?
i think you are a good person you helped me and other people alot may Allah gide you to Islam and you should reed quran it's your god's book and his words and it's the least book from god to us we should be attention for that ty
how does god come here 🤦
@@sciathain God is everywhere.
@@reggaefan2700 which God tho?
@@reggaefan2700hod isn't everywere god is in the sky he's own sky az wa jl
@@sciathain allah the creator of the universe