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Because stock
trading is not
a game
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Stikky
Stock Charts is by far the best stock book for beginners, and even
intermediate people will enjoy reading it. I highly recommend
this book. The price is right, it is easy to read, it is very
informative, and it has exercises for the reader. |
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Originally
published in 1962, this is a classic. If intermediate and
advanced traders could buy only one book, this is the one I would
recommend. Mr. Jiler explains all the stock trading
principles,
and he often uses buyer and seller motivation to make his
points.
Again, the price is right, and the book is a joy to read. I,
myself, have read it many times. |
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Tharp's
book is a must read
for anybody who is interested in designing a stock trading system,
especially if it can be automated, and results can be gathered from
back testing. He talks extensively about how to judge
systems, which ones are better or worse, and why. He shows
trade setups, but he doesn't think setups are that important.
He thinks proper exits, and especially trade sizing, are the most
important pieces of each trade. An highly instructive, and
affordable, read. |
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Anybody who wants to
learn
to program a stock trading system needs to read this book.
No, it doesn't teach programming, it assumes you either have
access to TradeStation, or are familiar with a programming language,
such as Java, and can program. It does spell out in minute
detail, with lots of code, how to program several stock trading
systems. An excellent read. Unfortunately it's not
in print anymore, so it can be expensive. Try to find it
cheap used. |
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This is a great book
for
people who want to learn more about investing based on fundamentals,
specifically the way Warren Buffett and others like him invest.
The principle is easy, find a business that is doing well,
buy it when the stock price is low for some reason, and sell it when
that stock price is higher again. The book explains in great
detail how to judge if a business is doing well and how to determine if
the stock price of the business is currently (too) low. A
well priced book that is a great read! |
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A
great book for the serious, mathematically inclined trader.
This
book is amazing, the author did an exhaustive statistical analysis of
stock patterns, such as double bottoms, flags and pendants.
The
exact failure rate percentage, the average rise or drop after the
pattern, volume trends during the pattern, and more are all
discussed in depth. Expensive, yes, but a must have reference
book for the
studious investor. |
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Mr
Elder is an incredibly popular author and his books are a joy to
read. He brings a lot of psychology to trading, he stresses
money
management, and he explains technical analysis, the three 'M's, mind,
money, and method. This is a great book! Strange, I
bought mine for $40 when it just came out, it's a lot more now.
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A
classic, but I can't say it's an easy read, more like a text
book. I would check it out from the library and see if you
like
reading it. It does have tons of useful information. I like
it when I want to brush up about some technical analysis concept, for
instance how to draw channel lines. |
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If
you like reading about traders, in this case derivatives arbitrage
traders in Japan, this is an excellent, entertaining read. It
shows how some expatriates live in Japan and make a killing on the
market. I really enjoyed following the life of the main
character. |
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Great
semi-biographical, historical trading book, more like a novel with lots
of trading wisdoms. The book was originally written as
articles. The book deals a lot with speculation, short team
trading, and especially the struggles, riches, and downfalls in the
trading market. |
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Another
fun, entertaining read, this time about the life of day
traders.
This book doesn't teach you how to day trade, instead it captures the
stress, the fear, the luck and bad luck, and the joys of day
trading. I really liked this book. |
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I
really enjoyed this book, I'm not a day trader, but more like a swing
trader, but most ideas from this book apply to day or swing
trading. It's fun to see the market through the eyes of a
market
maker, and market makers are the ultimate traders, they trade in huge
blocks many times a day. There are chapters about money
management, stock graph patterns, trends, fundamentals, entry and exit
control, oscillators, indicators and psychology. This is a
good
book to own and re-read multiple times. |
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A
great read, this book mostly tells stories about bond traders,
especially the ones at Salomon Brothers. We follow the main
character from starting at the bottom till he began making some big
bucks. Funny tales, well worth reading. One of
those books
you will give to friends to read after you're
finished. |
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