What are you reading & why?

BMK said:
@Overnight: Those two videos made me laugh. And I recognized the Brian Eno song, but it took me a couple minutes to figure where I recognized it from: It's part of the soundtrack for Trainspotting. Know that film? Yeah, that song was the broken toilet scene LMAO
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I deleted Trainspotting from my head because of the dead baby scene. That shit is just trauma all around. I mean, that's worse than anything in Natural Born Killers.

Nope. The dead baby scene fucks me up.
 
I always find it encouraging in reading The Alchemist by Paulo Coelho. There is something magical and mysterious in understanding in life.
 
deltaf0rce said:
Lately I’ve been reading options theory by master practitioners. I like reading work by those who have done versus those who have theorized. As a result of reading work by practitioners, I unexpectedly developed more respect for academic theory. Reading, for me at least, has been a cure for my own ignorance.

In order of first to latest of what I have considered essential works (over many years and incomplete):

Reminiscences of a Stock Operator
Market Wizards
The Way of The Turtle
John Murphy’s Chart school - Stockcharts.com
Elliott Wave by Prechter
The Alchemy of Finance
Natenburg: Option Volatility and Pricing
Managing Expectations
Dynamic Hedging (in progress)
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I only read the 3 minute candles and price action chart every day and night. Also reading my daily journals to get better at making money daily.

Reading anything else is a pure waste of time.
 
Thus Spake Zarathustra is a damn good book. Nietzsche for the win.

trading related I read a lot of books, but I skim through parts here and there.

rn I’m reading Automated stock Trading Systems by Larensbendorp

Positional Options Trading by Euan Sinclair

100 Bagger Stocks That Return 100 to 1 by Christopher Mayer

Trade What You See by Larry Pesavento
 
OP good luck with “Dynamic Hedging” it was too damn much for me. My maff just isn’t strong enough to keep up with that one.

if you enjoyed, ROASO then you would love “the boy plunger” by Rubython...lots of added details About Livermore’s life I really enjoyed learning about.

I’m currently reading “new market wizards” and should finish it within the next few days then I will start on “the dao of capital” based on a Paul Tudor Jones recommended reading list.

also currently Reading the novel “Musashi” at bed time and so far it is incredible.
 
zghorner said:
also currently Reading the novel “Musashi” at bed time and so far it is incredible.
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His real life was nothing short of extraordinary as well as his ‘Book of Five Rings’

A true Master that continued to develop and refine until his transition.
 
Overnight said:
It is a fun idea, but it will not work for most people.

See, the meek newbie who wants to ask a question will be like...

I bought a call at strike X with expiration a year from now, on the stock XYZ. Help?

The music for that question be like...


So dest comes back with the questions that turns it all on it's head.

He'd be all...

View attachment 240254

And the music you'd hear is...


Dest's book would be a bit more advanced. Not for us, hehe.
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How on earth did you come up with that Finnish punk rock song? Just curious because it happens to be my homeland.

As related to the topic I have been away from everything market related since finishing my intern this summer. Now getting back and starting some new books, mostly statistics. For anyone interested in vol trading without prior knowledge I recommend Trading Volatility by Bennett. Very easy to digest and starts from the basics. There’s even a free PDF on their page so you don’t have to buy the 20$ paperback. I like reading from paper though.
 
BMK said:
Have you read Options as a Strategic Investment by Lawrence McMillan?
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This is a very good first read on options, but I prefer Natenberg. Reading them both is a waste of time I reckon, since they cover just the basic stuff.
 
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