Best Trading Book You Have Ever Read?

Stan Weinstein
Stan Weinstein's Secrets for Profiting in Bull and Bear Markets

“The most important factor when dealing with groups is that the sector be healthy (not in Stage 3 or 4). The very best situation for an investor is a stock that is an early Stage 2 breakout in a group with the exact same pattern."

E9E1A213-1162-4DC0-A12D-5C81FB7BCAC2.png
 
Last edited:
Sekiyo said:
Stan Weinstein
Stan Weinstein's Secrets for Profiting in Bull and Bear Markets

“The most important factor when dealing with groups is that the sector be healthy (not in Stage 3 or 4). The very best situation for an investor is a stock that is an early Stage 2 breakout
More...

Qullamaggie, a Swedish guy who took 5K to 80 mil in the past 10 years, is basically trading with what Weinstein is saying for his momentum buys. They're high tight flags. Started watching his Twitch stream and YouTube vids about 1.5 years ago. He's on hiatus now since he stays away from bear markets (at least in his streaming).

There's an excellent qullamaggie summary vid channel made by a fan on YT so you don't have to watch original QM stream playback, waiting for the occasional gold nugget.

QM credits Minervini and Stockbee's Pradeep Bonde for his major sources of trading inspiration but I think Stan Weinstein gave the basic blueprint as well.
 
Darvas, How I Made $2,000,000 in the Stock Market really is what got me started and a good start it was.

Darvas's little book was the first trading book I read and remains one of the few that I read again from time to time. The only thing that is dated is that the weekly biggest gainers with volume list in Barons lost its effectiveness and efficiency sometime around 2006 - 2007, as the list came to be dominated by ETFs that were then flooding the market rather than common stock issues.

I got in very early to HANS (Hansen Naturals, now Monster), NSI, which moved from Amex to the Nasdaq and changed its ticker to NTRI (Nutrisystem) and BOOM, Dynamic Materials because of simply following Darvas's method back in the 2003 - 2005 period. There were others, but those were the most memorable. Each of these came directly from just scanning the biggest weekly gainers listed each Saturday in my copy of Barons.

I've read a lot of trading books since. Some very good, and some very bad. But if could rewind and do my life over again, I'd have begun with and stopped at Darvas and one other: Geral Loeb's Battle for Investment Survival, which I read on Darvas's suggestion. It was one book that he said he read and reread every week to keep him from straying from his plan.
 
I've been trying to find an english version of the book by trader Jerome Kerviel. Unfortunately, I can only find it in French and German editions.

image.jpeg


Have no idea if it would appeal to me or not, but I can sure tell you he caused one hell of a shit-show. Almost Kinda like Brian Hunter did at Amaranth.
 
For me Taleb's body of work as a whole including interviews, his MOOCs, Statistical Consequences of Fat Tails, basically everything but his Twitter taken as a whole.

Damodaran's body of work too and especially Dark Side of Valuation and his youtube channel. I think he does a wonderful job of projecting the ephemeral nature of valuation compared to other resources.

Advances in Financial Machine Learning by de Prado though is super heavyweight and probably the best trading book ever.
 
You must log in or register to reply here.
Back
Top