Help me filter this list of trading books

qlai · Oct 6, 2018

gambleditall said:
how do you suggest a new trader like me get educated without having a mentor?

Welcome to the labyrinth!

PoundTheRock · Oct 6, 2018

For TradeStation:

https://github.com/mrconway/TradeStation

Kevin Schmit · Oct 6, 2018

gambleditall said:
So what is your suggested way of learning trading then? ...How does a trader without a mentor even know how to get educated without books?

Serious answer: take a job in the industry. You'll notice that just about ALL of the knowledgeable posters on this board have industry experience, usually quite extensive . Sure there are exceptions, but few and far between. Learning without domain experience usually does not happen.

Of the books on your list, the Thorpe bio and the Market Wizards books are ok for entertainment but lack any actionable information. Only "Evidence Based Tech Analysis" and "Trading and Exchanges" are worth anything informationally.

I want to profit off volatility on the medium term and intraday.

The above goes double for vol and options trading -- you aren't going to learn to trade vol by subscribing to SteadyOptions and merely reading the Options forum here at ET. Get a job in the industry.

qlai · Oct 6, 2018

Kevin Schmit said:
Serious answer

Seriously!? I agree with everything you said, but realistically ...

gambleditall · Oct 7, 2018

Kevin Schmit said:
Serious answer: take a job in the industry. You'll notice that just about ALL of the knowledgeable posters on this board have industry experience, usually quite extensive . Sure there are exceptions, but few and far between. Learning without domain experience usually does not happen.

Of the books on your list, the Thorpe bio and the Market Wizards books are ok for entertainment but lack any actionable information. Only "Evidence Based Tech Analysis" and "Trading and Exchanges" are worth anything informationally.

The above goes double for vol and options trading -- you aren't going to learn to trade vol by subscribing to SteadyOptions and merely reading the Options forum here at ET. Get a job in the industry.

Thanks, that makes sense. However, most prop trading firms in my city are dead and moving to the US is not an option right now.

You are right about getting a job in industry is the best way to get educated. If that’s not an option, what’s the alternative? Just stick to long term investments?

tommcginnis · Oct 9, 2018

fan27 said:
The problem with most books is they show pretty patterns that worked perfectly in the example they provide but they do not provide a methodology for testing the pattern.

^^^^^^^
THIS! Big time!!

gambleditall · Oct 9, 2018

fan27 said:
I don't recommend 1000s of hours of screen time. In this age of computing, why waste your time staring at a screen when a computer can analyze the data for you? Sure, you can get some ideas from looking at charts, but endless hours of "screen time" is a waste of time. The problem with most books is they show pretty patterns that worked perfectly in the example they provide but they do not provide a methodology for testing the pattern. This leaves the reader wasting time and money trying to trade the pattern without actually knowing its effectiveness. All is not lost. Rather than trying to learn techniques or patterns, seek out methods on how to go about testing ideas. Automate what you can.

Good luck!

Hi,

I was looking for books that could help test a strategy/system. I found the following recommended on various posts in ET:
1. Street Smarts: High Probablity Trading by Linda Raschke
2. Trading Systems by Perry J Kaufman
3. Trading Systems by Emilio Tomasini

And then there is of course Thomas Bulkowski and Adam Grimes who have apparently tested their patterns.

Any opinion on the above books?

Chewy · Oct 9, 2018

yes kind of a long list

if someone needs a mentor I might be able to help. send me a private message with your email. only serious people. dont waste my time.

I agree that mentoring or working in the industry are what is needed. books just do not work all that well.

fan27 · Oct 9, 2018

gambleditall said:
Hi,

I was looking for books that could help test a strategy/system. I found the following recommended on various posts in ET:
1. Street Smarts: High Probablity Trading by Linda Raschke
2. Trading Systems by Perry J Kaufman
3. Trading Systems by Emilio Tomasini

And then there is of course Thomas Bulkowski and Adam Grimes who have apparently tested their patterns.

Any opinion on the above books?

I don't if any of the books offer value as I have not read them. Looking at the Amazon page for Kaufman's book, I am stunned by the amount of grammatical errors. Who wrote this!!! ???

gambleditall · Oct 9, 2018

fan27 said:
I don't if any of the books offer value as I have not read them. Looking at the Amazon page for Kaufman's book, I am stunned by the amount of grammatical errors. Who wrote this!!! ???

Okay how did you learn to test your strategies/methods because seems like you didn’t use any books.