Best 10 Trading & Investing Books You Should Read
These are the Trading & Investing books that I read my self, you should read these books. Even if you are a beginner or experienced trader, you should read these.
1. How I Made $2,000,000 in the Stock Market by Nicolas Darvas
Nicolas Darvas during his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.
Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit.
At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made $2,000,000 in the Stock Market.
The book describes his unique “Box System”, which he used to buy and sell stocks. Darvas’ book remains a classic stock market text to this day.
2. Reminiscences of a Stock Operator by Edwin Lefevre
Reminiscences of a Stock Operator narrates Livermore’s ascent from a “boy plunger” to the most influential speculator on Wall Street. While much of the book is devoted to Livermore’s experiences, a larger part of the book deals with trading wisdom and rules that Livermore imparts through Lefevre.
Years later, many trading and investing books repeat the very same rules first created by Livermore in Reminiscences, such as: go with the trend; no stock is too high to buy or too low to sell; let your winners run and cut your losses short; make your own decisions; and market history repeats itself. Interestingly, Livermore frequently violated his own rules and usually lost money as a result.
The enduring appeal to the book rests in Livermore’s view that the market is made up of people and the excesses of the market reflect mass psychology and the mistakes of individuals are frequently the result of the inability to control fear and greed.
Thus, the views and lessons of Livermore continue to be relevant to every new generation of investors and traders.
3. Think & Trade like a Champion by Mark Minervini
In Think & Trade Like a Champion, Mark will show you, step-by-step, how to use his time-tested principles to dramatically improve your performance and develop the confidence needed to achieve Super performance.
Mark reveals his personal trading rules and the secret techniques that made him one of America’s most successful stock traders. You will learn how to use Mark’s methods in your own trading and literally TRADE LIKE A CHAMPION!
Mark is featured in Momentum Masters – A Roundtable Interview with Super Traders and in Jack Schwager’s Stock Market Wizards: Interviews with America’s Top Stock Traders. Schwager wrote: “Minervini’s performance has been nothing short of astounding.” . . . If you’re ready to master the art and science of stock investing, champion trader Mark Minervini will show you how to dramatically increase your returns while keeping your risk to an absolute minimum . . . KNOWLEDGE THAT WILL EMPOWER YOUR TRADING FOR LIFE.
4. The Complete Turtle Trader by Michael W. Covel
This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires.What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. For two weeks, Dennis taught them his investment rules and philosophy, and set them loose to start trading, each with a million dollars of his money. By the time the experiment ended, Dennis had made a hundred million dollars from his Turtles and created one killer Wall Street legend.
In The Complete Turtle Trader, Michael W. Covel, bestselling author of Trend Following and managing editor of TurtleT, the leading website on the Turtles, tells their riveting story with the first ever on the record interviews with individual Turtles. He describes how Dennis interviewed and selected his students, details their education and experiences while working for him, and breaks down the Turtle system and rules in full. He reveals how they made astounding fortunes, and follows their lives from the original experiment to the present day.
Some have grown even wealthier than ever, and include some of today’s top hedge fund managers. Equally important are those who passed along their approach to a second generation of Turtles, proving that the Turtles’ system truly is reproducible, and that anyone with the discipline and the desire to succeed can do as well as—or even better than—Wall Street’s top hedge fund wizards. The easy-to-follow objective rules of the TurtleTrader stand out as a sound guide for truly making the most out of your money. These rules worked—and still work today—for the Turtles, and any other investor with the desire and commitment to learn from one of the greatest investing stories of all time.
5. Trading in the Zone by Mark Douglas
Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. ;
He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the “probabilities” of market movement that governs all market speculation.
6. Super Trader by Van K Tharp
How do you transform yourself from mild-mannered investor to Super Trader? Think clearly. Plan accordingly. Commit completely. In other words, become a trader. And no one is better suited to help you make the transformation than legendary trading educator and author Van K. Tharp.
Combining the sharp insight and technical brilliance that has drawn legions of investors to his books and seminars, Tharp provides a holistic approach for becoming a successful full-time trader. His system—a meld of investing psychology and sound trading practice—is the secret to achieving optimum conditions that produce results in both bull and bear markets.
Using the lessons of Super Trader, you will approach trading as you would a small business—realistically, systematically, and enthusiastically. Drawing on his decades of experience, Tharp has created a simple plan designed to help anyone master the market. You can put this plan to use immediately in order to:
- Master the psychology of trading
- Craft a “business plan”—a working document to guide your trading
- Develop a trading system tailored for your personal needs and skills
- Create position-sizing strategies to meet your objectives
- Monitor yourself constantly to minimize mistakes
Throughout the book, Tharp asks the pertinent questions you must ask yourself about becoming a trader, being a trader, and succeeding as a trader.
The rewards that come with being a Super Trader—both financial and personal—make you feel as if you can leap small buildings in a single bound. Whatever your skill level, Tharp provides the formula for succeeding in a field where most people fail.
7. Market Wizards by Jack D Schwager
The world’s top trader’s reveal the secrets of their phenomenal success! How do the world’s most successful traders amass tens, hundreds of millions of dollars a year? Are they masters of an occult knowledge, lucky winners in a random market lottery, natural-born virtuosi Mozarts of the markets? In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets. While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success.
In Market Wizards Schwager lets you hear, in their own words, what those super-traders had to say about their unprecedented successes, and he distils their responses down into a set of guiding principles you can use to become a trading star in your own right.
Features interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more * Tells the true stories behind sensational trading coups, including the one about the trader who turned $30,000 into $80 million, the hedge fund manager who’s averaged 30% returns every year for the past twenty-one years, and the T-bond futures trader who parlayed $25,000 into $2 billion in a single day! “Market Wizards is one of the most fascinating books ever written about Wall Street. A few of the ‘Wizards’ are my friends and Jack Schwager has nailed their modus operandi on the head.” –Martin W. Zweig, Ph.D., Editor, The Zweig Forecast
8. New Trader vs Rich Trader by Steve Burns
As the price fell to $9. 30, then $9. 25, New Trader felt an adrenaline rush as hekeyed in the stock symbol, and 1000 beside quantity. His heart pounded in his chest as he clicked his mouse to refresh and see hiscurrent positions. His account screen refreshed: 1000 shares SRRS BUY Executed $9. 35$9. 35?! New Trader shrieked. Looking at his real-time streamer, he froze. The current quote was $9. 10. He felt sick. I?I just lost $250?! It takes me an entire weekend of delivering pizzas to make$250, Fear gripped his stomach, wrenching it into a knot. It felt like hed been robbed. Join New Trader on his journey and learn what it takes to be successful in the stock market. Learn about trading psychology, risk management, and methodology in this completely updated and revised timeless classic! Steve has crafted an easy-to-read tutorial on avoiding the most common mistakes made by new traders. Save yourself years of heartache and buy this book and do your homework. New Trader, Rich Trader should be mandatory reading for the novice investor. -Kenneth Lee, author of “Trouncing the Dow”
9. Technical Analysis of the Financial Markets by John J Murphy
John J. Murphy has updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures.
From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today’s financial world, this book is essential reading for anyone interested in tracking and analysing market behavior.
10. Secrets of a Pivot Boss by Frank O Ochoa
Secrets of a Pivot Boss offers the most comprehensive collection of pivot-related trading ideas and concepts available to traders. Whether you are a real-time trader, swing trader, position trader, or investor, you will find great value in this book, regardless of the markets you trade or your level of experience.
Frank Ochoa has analysed the market every day over the past 12 years and has cultivated the techniques in this book into a fine art using the best leading indicators available to traders. The concepts in this book will help you become a more knowledgeable and confident trader. Professional traders use tools that are based purely on price, which is a leading indicator in its own class.
In this book, we will discover the best leading indicators available to traders, including the Money Zone, Floor Pivots, and the Camarilla Equation. While you may have studied forms of pivots in the past, Frank Ochoa provides a fresh perspective that can only be described as a truly unique approach to playing these amazing levels for profit.
You’ll learn powerful concepts like Two-Day Pivot Relationships, Pivot Width Forecasting, Pivot Trend Analysis, and Multiple Pivot Hot Zones. Not only will you learn about incredible pivot relationships, but Frank will also divulge his best trading secrets, including Powerful Candlestick Setups, the Types of Trading Days, the Types of Buyers and Sellers, Powerful Setups, and Proprietary Indicators.
Taking this a step farther, Frank also provides the actual code to each of the scripts that he’s written and covered in the book! Secrets of a Pivot Boss brings a fresh approach to these powerful concepts that you will not find anywhere else.
Final Thoughts
These are the Trading & Investing books that I read my self, you should read these books. Even if you are a beginner or experienced trader, you should read these.
If I missed any of your favourite books, let us know by posting in the comments.
To get Live Market Price Action updates, follow me on Telegram Binary_Trader_IN
