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Because stock trading is not a game





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.


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.


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.


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.


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!


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.


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.


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.


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.


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.


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.


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.

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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