Monday, April 12, 2021

Review: Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market

Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market by Mark Minervini
My rating: 5 of 5 stars

This book is a must read if you are a intermediate level trader. I don't think I've ever took so many notes from a book in my life lol Please go refer to my notes because this review box isn't big enough to hold it all XD

Mark Minervini has read over 1,000 investment titles in his personal library. He started with $3k, few years later $160k, a year later half a million. His philosophy and approach to trading is to be a conservative aggressive opportunist. Meaning aggressive of his pursuits of potential rewards while being extremely risk conscious. His primary thought process is “How much can I lose” not just “how much can I gain.”

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Review: The Power of Habit: Why We Do What We Do in Life and Business

The Power of Habit: Why We Do What We Do in Life and Business The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg
My rating: 4 of 5 stars

Really liked this book! Very interesting studies and facts on the Power of Habits. It was a pretty long book, definitely a re-read.

Notes:
- If you remove certain arts of the brain it can effect memory, and tasks, habits don't rely on memory parts of the brain which is interesting - the brains basal ganglia basically is the habit forming/storing area
- habits, scientists say, emerge because the brain is constantly looking for ways to save effort - it's like a computer cache system, if it loads a page it remembers the page so it doesn't have to load it from scratch again - we can devote mental energy to new ideas and concepts etc
- Habits are formed by cravings, there's a cue, a routine, and a reward
- People crave the tingly feeling of minty toothpaste because it makes them think the product has done something, that it has had an effect. Fabreeze has the fresh smell at the end of your cleaning which creates a craving for that scent and that feeling of accomplishment
- “It seems ridiculously simple, but once you’re aware of how your habit works, once you recognize the cues and rewards, you’re halfway to changing it”
- “We know that a habit cannot be eradicated—it must, instead, be replaced. And we know that habits are most malleable when the Golden Rule of habit change is applied: If we keep the same cue and the same reward, a new routine can be inserted. But that’s not enough. For a habit to stay changed, people must believe change is possible. And most often, that belief only emerges with the help of a group.”
- Willpower is a muscle, you can use it all up for the day and it will become exhausted
- Starbucks allowed autonomy among their employee's and this increased morale

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Review: Reminders of Him

Reminders of Him by Colleen Hoover My rating: 5 of 5 stars View all my reviews