Favorite trading books

Quote from derek7422:

I wanted to share some of the books that I have enjoyed reading about trading, some more than once.

Market Wizards - Jack D. Schwager - This has been one of the most influential books for me so far. I think this is because of the wide variety of perspectives from traders in different markets and career stages.

Reminiscenses of a Stock Operator - Edwin Lefevre - I know this is a rather obvious choice for almost everyone.

How To Make Money Selling Stocks Short - William O'Neil - Although there are probably better books by this author, this is the first book by O'Neil that I have read and I am a fan. It is a short read but I like the chart analysis.

How to Trade in Stocks - Jesse Livermore - I enjoyed the book, although it seems much of the material relates back to his first biography. This was my first real reading in applied Dow Theory, other than during investments class in college.

The Market Maker's Edge - Josh Lukeman - I feel I need to read this one again. I read this in about 3 days during the time I was working two jobs and taking a class as well. With more trading experience and being more rested I think I may get more out of it a second time.

The New Market Wizards - Jack Schwager - I have not finished it. I
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Derek742;
Excellant.

Old but gold book -Wall Street Wisdom, by Samson Coslow;
a rule from that book,1933 ,''do not short stocks with limited shares''

Also excellant-Stock Market Wizards by Schwager, re-reading it;
Bulls Bears , Millionaires, by Robert Koppel:cool:
 
Meditations by Marcus Aurelius
Enhancing Trader Performance by Brett N Steenbarger
The Art of the Trade by R.E. MacMaster
Come to My Trading Room by Alexander Elder
The Zurich Axioms by Max Gunther
Trade With Passion and Purpose by Mark Whistler
A Demon of Our Own Design by Richard Bookstaber
Trading Risk by Kenneth Grant
The Logical Trader by Mark Fisher ---- the secret sauce for me was that he didn't tell you everything about his method. So you have to do your own investigation. In doing so you will probably come up with something better which will suit you or lead you to find other interesting things.


Books on evolutionary and cognitive psychology.

Many of these books are published very recently and I must say I wish they came out earlier because I wouldn't spend so much time reading other books which these were able to sum up what I needed to be and do in one book.
 
Buyer beware. The majority of popular trading literature probably would make a person dumber than when he started. If one had to choose between reading all of it or none of it, one would be better off reading none of it.

Having said that, here is a distilled book list for your consideration. I would probably start with Rand, Hazlitt, Harris and then Douglas -- starting with general principles, then economics, market structure and individual mind set.

Books on trading, in alpha order:

Bogle on Mutual Funds: New Perspectives for the Intelligent Investor by John Bogle
Dynamic Hedging: Managing Vanilla and Exotic Options by Nassim Nicholas Taleb
Economics in One Lesson: 50th Anniversary Edition by Henry Hazlitt
Extraordinary Popular Delusions and the Madness of Crowds by Charles MacKay
Granville's New Strategy of Daily Stock Market Timing for Maximum Profit by Joseph E. Granville
How I Made $2,000,000 In The Stock Market by Nicolas Darvas
How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition by William J. O'Neil
Market Wizards: Interviews with Top Traders by Jack D. Schwager
The New Market Wizards: Conversations with America's Top Traders by Jack D. Schwager
Option Volatility & Pricing: Advanced Trading Strategies and Techniques by Sheldon Natenberg
Paul Wilmott Introduces Quantitative Finance by Paul Wilmott
Technical Analysis from A to Z, 2nd Edition by Steven B. Achelis
Technical Analysis of Stock Trends by Robert D. Edwards, John Magee
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
Trade Your Way to Financial Freedom by Van K. Tharp
Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris
Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas

Trading related novels and non-fiction:

Atlas Shrugged by Ayn Rand
Barbarians at the Gate: The Fall of RJR Nabisco by Bryan Burrough, John Helyar
The Bonfire of the Vanities: A Novel by Tom Wolfe
Den of Thieves by James B. Stewart
The Education of a Speculator by Victor Niederhoffer
Goldman Sachs: The Culture of Success by Lisa Endlich
Hedgehogging by Barton Biggs
Liar's Poker by Michael Lewis
Reminiscences of a Stock Operator by Edwin Lefèvre
Rigged: The True Story of an Ivy League Kid Who Changed the World of Oil, from Wall Street to Dubai by Ben Mezrich
Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions by Ben Mezrich
Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron by Bethany McLean, Peter Elkind
When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein
 
Quote from murray t turtle:

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Derek742;
Excellant.

Old but gold book -Wall Street Wisdom, by Samson Coslow;
a rule from that book,1933 ,''do not short stocks with limited shares''

Also excellant-Stock Market Wizards by Schwager, re-reading it;
Bulls Bears , Millionaires, by Robert Koppel:cool:
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I love the old books from the old guys on the street, like in the 1930s or before. There is so much wisdom in the words, and I believe that markets fundamentally never change(per se)-but great knowledge cannot always be obtained from what happened 2 months ago or even 20 years ago, because it is too fresh in history and too many people still remember it. But by looking back further one gains information that not everybody knows about or understands.

Stock Market Wizards is also on my list of must-reads, since I have finished the first two.
 
Quote from Kaempferrand:

Meditations by Marcus Aurelius
Enhancing Trader Performance by Brett N Steenbarger
The Art of the Trade by R.E. MacMaster
Come to My Trading Room by Alexander Elder
The Zurich Axioms by Max Gunther
Trade With Passion and Purpose by Mark Whistler
A Demon of Our Own Design by Richard Bookstaber
Trading Risk by Kenneth Grant
The Logical Trader by Mark Fisher ---- the secret sauce for me was that he didn't tell you everything about his method. So you have to do your own investigation. In doing so you will probably come up with something better which will suit you or lead you to find other interesting things.


Books on evolutionary and cognitive psychology.

Many of these books are published very recently and I must say I wish they came out earlier because I wouldn't spend so much time reading other books which these were able to sum up what I needed to be and do in one book.
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The Logical Trader by Mark Fisher sounds like my cup of tea. I'm not really into other people's systems anyways, even if I learned one I would probably never follow it! It may be off topic because I have not looked at the Logical Trader but that is what I like about the Market Profile studies-the ultimate simplicity in the words but the ultimate relation to any market really-like the writing says, whether you are trading "beans or bonds."

Steenbarger seems to be a favorite for many people.
 
I actually got "Enhancing Trader Performace" by Brett Steenbarger as a christmas gift, I read it while on vacation in Cozumel 2 weeks ago. I actually really liked it, there are few trading books I find worth reading these days (that I havent read already) but this was one of them.
 
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