Wow, what has influenced me the most as a trader in terms of books?
Rich Dad Poor Dad by Robert T Kiyosaki
Thing Big and Kick Ass by Donald Trump
Beginners guide to short term trading by Toni Turner
How to trade for a living by Alexander Elder
The Science of Getting Rich by Wallace D Wattles
The Bible
Rich Dad Poor Dad shaped my mindset of relying upon myself and not on an employer. When you actively you work for someone you trust them to keep you around. I have a mindset of not trusting people anymore and likewise I won't act like I'm trusting someone by working for them.
Think Big and Kick Ass taught me to think big and be passionate about what you do. It mentioned the importance of relying on your instinct and how you have to be passionate about what you do. It also mentions that you can't trust people EVER and that it's a lion's nest out in the real world. That Shaped my mentality in a very large manner.
Beginner's guide to short Term Trading influenced me by giving me a general guide on Support Resistance levels. Technical indicators and principles in an easy manner. I understood this book easily and it made much more sense than a lot of other books that try to approach the same subject.
How to trade for a living is another book that taught me much more about technical analysis. Principle and strategies that I can apply to my trading. However, every time I listen to the audio format of this book I constantly think and analyze how I recently used these principles/ideas or how I can use them in future instances.
The Science of Getting Rich shaped my belief that I can become rich and without fail. It's an inspirational book that talks about how you can do things in a way that will guarantee wealth creation. It does not talk about theories but facts and reality how your thought can affect your psychology and your paradigm.
The Bible has influenced me because it has drawn me closer to god. It makes my thoughts much more disciplined and my perspective intro and extrovert as well.I can look within myself and analyze myself but I can also analyze my surroundings. I have learned about many stories and how greed can tarnish good will. But I also learned how money is for protection and how you should have a balance in life. Overall I think the bible produces a lot of value for those willing to read and actually understand it. Currently I'm studying the book of Proverbs.
These are the books that I have read that have shaped my mind, in an innumerable amounts of ways. However, memorizing facts from a book is useless. The most important ability to a man and a trader is their thinking ability. When you analyze and apply knowledge in real life circumstances you will achieve 1000 times more than what you can achieve by sitting in a class room theorizing.
Trading is an applied science, you learn from doing trades and making mistakes in the markets. I guarantee you
you will achieve the highest pier of your success when you don't quit and you constantly apply what you learn. It's a compounding affect just like compound interest except the value you receive from this compound interest can earn you a much larger ROI than any other investment in a stock or property the ROI from working on your brain is the largest investment anyone can make and they should constantly pursue intellectual riches. Because the only time you grow old is when you stop learning.
