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What books to read?
- Thread starter michael21
- Start date
Quote from oilfxpro:
Books are written by losers , if they could trade they would do it and make money from trading.
95% buy books from losers and learn losing traits of stupid writers.
Mark my words when you apply the crap from the books in real trading.
They were 95 % club of writers , so they wrote books and marketed themselves as great traders , old addage behind every genius is an ordinary bloke trying to express himself.
For the most part I have to agree, most books are rehashing of all the other books and all the newbies are going to trade or test as the books suggests one to trade, so at least though you know what most are going to do, and one has to do differently than what the books say. Royalties on books are extremely low, but often they are like an advertisement to buy some expensive seminar.
There are only three books I reread each year Technical Analysis of Stock Trends by Edwards and Magee originally written in 1940's and two books by John Hill written in late 70's, Stock & Commodity Market Trend Trading by Advanced Technical Analysis
and Scientific Interpretation of Barcharts.
Quote from bstay:
I enjoyed reading the Market Wizards and New Market Wizards from Jack Schwager and also the above Kathy Lien book. I don't consider them "stupid writers" and "losers" and "crap". You don't have to read them of course.
All these books are enjoyable to read but all are written to make money for the authors, not YOU.
I also read Kathy's hubby's book, a cat named Boris Americanname - both books should be burned on arrival.
Quote from NY_HOOD:
another great book is called:
"How I read every book in the world about trading but still lost everything" by NY HOOD
seriously, reading books do nothing. you could get some ok tips on reinforced behavior such as an organized trading desk, preparing for each day ect... books will not teach you to trade.
NY Hood knows it all , listen to the wise man.
Read my review on a good book with a load of bs.
http://www.elitetrader.com/bo/index.cfm?action=view&B_ID=92&CatID=6