Why read all your trading books again?

When I started learning how to trade stocks in April 2019, I tried to read as much books as possible. From second hand books that I purchased from a fantastic bookstore called "Better Books" here in Kuwait that buys and sells old books and then all the way to new books that I bought from a local bookstore also here in Kuwait. 

I've got one good second hand book from Better Books titled "Greed and Glory on Wall Street" written by Ken Auletta. It's the story of the fall of the Lehman Brothers, I got it for two and a half Kuwaiti Dinars or around 7 dollars US. This book cost around 18 dollars US from Amazon brand new. 

I also buy books from Amazon and I used to buy the kindle version as it is relatively cheaper than the actual books and of course doesn't require shipping, thus saving shipping cost that sometimes gets too expensive. Even more expensive than the book itself defending on its size and weight. Let's say for example the book of Mark Minervini, "Trade Like a Stock Market Wizard" the hard cover cost 26 dollars US plus the shipping cost, whereas the kindle version cost only around 16 dollars US without the shipping cost.

I already read all my books mostly all of them in 2019. So why I'd like to read all these books once again. And why I recommend that you read all your trading books once again too. 

Well, when I read these books in 2019, there are tons of words and terminologies that I can't really understand. Although, I used to google every word that I do not understand while reading, but still, there were words that I can't completely understand. Now, having three years of hands on experience trading stocks in the Philippine market, reading these books again, the terms and the ideas presented became more clear and vivid to me. 

Let's take as an example the book of Mark Minervini titled "Think and Trade Like a Champion," there's a section of this book titled "How and when to buy stocks. The topic talks about the non-negotiable criteria of buying stocks. This section also introduced Mark Minervini's SEPA methodology or the Specific Entry Point Analysis wherein he talks about terms like the 4 market stages, the significance of 200 moving average. These terms were alien to me when I read this book back in 2019. 

Think & Trade Like a Champion and Trade like a Stocks Market Wizard were the books I read early on. I consider these books as an advance books intended for traders who had at least maybe 2 to 3 years experience as a trader in my opinion or someone who understands already the basics like the indicators, someone who already knows how to read chart, knows how to plot support and resistance etcetera. Because these books no longer discuss those basics as it discusses mainly on strategy and mindset. 

Nauna ko kasing tapusin ang mga libro na ito kaysa doon sa mga basic. Kaya minsan pag nabasa ko ang paliwanag ng isang terminology na hind ko naintindihan sa libro ni Minirvini ay napa aha ako. I will go back to the book again and read that particular section.

Dahil dito na realize ko na kailangan kong basahin ulit ang mga libro na ito mula umpisa ulti. Dahil segurado ano na mas maintindihan ko pang maigi ang mga nilalaman into. 

I believe that I will be able to understand the content in these books more after I read the books from Traders Den. I already finished reading young PAMANA books set composed of 5 books. Yong paano yumaman sa stock market, tabula Rasa Trading Course book, the boss, I dare you to trade, at maduming Merkado. 

If you don't have any of the books I mentioned in this video, I posted a link in the description. Disclosure lang, some of the links are affiliate links, ibig sabihin if you click and decided to buy the book or kindle version I will receive a little commission at no added cost from your end. 

Let me know in the comments if you completely understand the trading books the first time you read them, and let me know if it is worth while to read them once again.