Required reading list for anyone that considers themselves a serious trader.
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There are countless books out there about stock trading. Some are good, and some are a waste of time. We’ll spare you the duds - here is our preferred reading list in order.
- Title: Reminiscences of a Stock Operator
- Author: Edwin Lefevre
Reminiscences of a Stock Operator is the unforgettable story of the life of Jesse Livermore, one of Wall Street's greatest ever stock speculators.
Loosely fictionalized in 1923 in collaboration with journalist Edwin Lefevre, this is the story of the highs and the lows, the strategies and the street smarts, the epic wins (and sometimes epic losses) that has inspired generations of investors and traders.
- Title: Market Wizards
- Author: Jack Schwager
What separates the world's top traders from the vast majority of unsuccessful investors? In this iconic financial classic, Jack Schwager sets out to answer this question in his interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more.
Filled with anecdotes about market experiences, including the story of a trader who, after wiping out several times, turned $30,000 into $80 million, and an electrical engineer from MIT whose computerized trading has earned returns of 250,000 percent over 16 years.
- Title: How I Made $2,000 in the Stock Market
- Author: Nicolas Darvas
Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. 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.
- Title: Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market
- Author: Mark Minervini
For the first time ever, U.S. Investing Champion Mark Minervini reveals the proven, time-tested trading system he used to achieve triple-digit returns for five consecutive years, averaging 220% per year for a 33,500% compounded total return.
In Trade Like a Stock Market Wizard, Minervini unveils his trademarked stock market method SEPA, which provides outsized returns in virtually every market by combining careful risk management, self-analysis, and perseverance.
- Title: Trading Chaos, 1st Edition
- Author: Bill Williams
How to trade the markets by integrating Chaos Theory with market sentiment.
In the first edition of Trading Chaos, seasoned trader and psychologist Bill Williams detailed the potential of Chaos Theory-which seeks to make the unpredictable understandable-in trading and it revolutionized financial decision-making.
- Title: How to Make Money in Stocks
- Author: William J. O’Neil
Through every type of market, William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System―a proven 7-step process for minimizing risk and maximizing gains―has influenced generations of investors.
- Title: Tunnel Through the Air... Or Looking Back from 1940
- Author: William D. Gann
The Tunnel Thru the Air, Or Looking Back from 1940 is a science fiction novel written by market forecaster William Delbert Gann in 1927. In the Foreword, Gann hinted that this book is more than just a novel because it contains a valuable secret, clothed in veiled language.
According to Gann, some will find it the first time they read it, others will see it in the second reading, but the greatest number will find the hidden secret when they read it the third time. Some traders believe Gann had encoded some techniques of financial astrology into this book and some even claim that they have devoted a lifetime to study this text.
- Title: Think and Trade Like a Champion: The Secrets, Rules, & Blunt Truths of a Stock Market Wizard
- Author: 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!
- Title: Trading Chaos, 2nd Edition
- Author: Justine Gregory-Willaims & Bill Williams
The Second Edition of Trading Chaos is a cutting edge book that combines trading psychology and Chaos Theory and its particular effect on the markets. By examining both of these facets in relation to the current market, readers will have the best of all possible worlds when trading.
Bill Williams, PhD, CTA (Solana Beach, CA), is President of Profitunity.com, a leader in the field of education for traders and investors. Justine Gregory-Williams (Solana Beach, CA) is President of the Profitunity Trading Group and a full-time trader.