Help me filter this list of trading books

JSOP said:
I swear to you this is a copy and paste thread from at least 2 threads that I've read before about needing help in figuring out what to read in a ridiculously long list of trading books. WHY don't people bother to gather so many trading books to read??!!! Trading is NOT about reading, trading is TRADING!!! So go TRADE!!!

No filtering suggestions for me anymore. Anybody who bothers to gather that many books about trading, I can understand one or two, but that many books about trading is a troll, somebody who's definitely not that interested in trading. You are not going to learn how to trade from reading books. There, that's my recommendation.
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some people trade professionally and like to collect books, nobody says you have to read them.
 
The only useful book in that list is Trading and Exchanges by Larry Harris. Read it back-to-back and try to figure out how you can fit into the equation. Market wizards, How to Trade Stocks by Jesse Livermore and A Man for All Markets can be read for entertainment, not particularly useful unless you're able to read between the lines.

The rest are all garbage, throw them away.
 
fan27 said:
About eight years back I had a coworker who was into trading and I surprised him one day. I brought just about my entire collection of trading books into the office and gave them to him free of charge. He was in shock and is still appreciative to this day. I was happy to get rid of the useless books taking up space on my book shelf.
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So what is your suggested way of learning trading then? If you say that it is 1000s of hours of screen time, you are right. But, doesn't a trader also need to know what he is looking for when he is looking at a chart. How does a trader without a mentor even know how to get educated without books?

Handle123 said:
You need to be more clear on type of trading you wish to do? Long term, medium, or intraday?

Anything dealing with basic charting.
Encyclopedia of Chart Patterns by Thomas Bulkowski

He has written couple of books.

My favorites are of John Hill,
Scientific Interpretation of Bar Charts

Ultimate Trading Guide

https://www.tradingsetupsreview.com...eory-using-trend-lines-for-trading-pullbacks/

As far as your list....get them from library as most I have collected were donated. Most books seem to have last chapter never written.

Can't go wrong being able to read a chart, then back test to get probabilities.
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I am already a successful long term investor but only got into trading about 6 months ago. So far, I have broken even - thanks to good risk management.

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

gobba said:
The only useful book in that list is Trading and Exchanges by Larry Harris. Read it back-to-back and try to figure out how you can fit into the equation. Market wizards, How to Trade Stocks by Jesse Livermore and A Man for All Markets can be read for entertainment, not particularly useful unless you're able to read between the lines.

The rest are all garbage, throw them away.
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Thanks! I have heard good reviews on that. If the rest are garbage, how do you suggest a new trader like me get educated without having a mentor?

Here is actually a link I came across from a trader named Adam Grimes: https://adamhgrimes.com/library/reading-list/

Anyone got an opinion on it? His reading list seems pretty rounded.
 
gambleditall said:
So what is your suggested way of learning trading then? If you say that it is 1000s of hours of screen time, you are right. But, doesn't a trader also need to know what he is looking for when he is looking at a chart. How does a trader without a mentor even know how to get educated without books?
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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!
 
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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 your? 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!
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Makes sense. Do you have a resource that explains how to test Trading Ideas thoroughly?
 
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 your? Sure, you can get some ideas from looking at charts, but endless hours of "screen time" is a waste of time.
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You can for sure, but unless someone is truly gifted, circumventing that contextual and visual experience will likely land you in the same camp with millions of others, fishing in a dry hole.

No guarantees either way, and trading your own risk capital is a tough game best suited to sacrificial lambs. Most players just don’t have the balls, as society in general, constantly discourages high risk endeavors.
 
I think there are some pretty good books there, but mostly for inspiration, learning what NOT to do and how markets work (Trading & Exchanges). At best, these books are good for getting STARTED. At worst, they'll confuse the hell out of you and lead you in the wrong direction as they're written by failed traders or breakeven traders at best.

Check out this thread for some interesting questions. I'm sure none of those books mention anything similar. You see, that's the thing. Most stuff that's good is kept private...

https://www.elitetrader.com/et/thre...-spys-open-range-vs-the-mid-day-range.325527/
 
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