what is the best book to buy to learn about trading

Quote from rowenwood:

technical analysis and fundamental?

What books are usually studied in the process of obtaining a license?
More...




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[1st]

Amoung the best trading book$ are the 3 or 4 Jack Schwager books
havent read his fundamental book much;

William O Neill includes that subject however in his books..:cool:



Solomon excells.


A home office bid/ask & chart book of stocks & related ;
that a person trades can be exceedingly helpful.
 
A wise local once recommended:


Heart of Darkness,
Story of Job,
The Brothers Karamozov (at least the grand
inquisitor chapter),
Beyond Good and Evil,
100 Years of Solitude, and An
Arrow's Flight
 
I probably have 100 in my library...
Reminisences of a stock operater,
Edwards and mg gee,
and the market wizards books stand out

zen and the art of markets- tiny book

outside of trading,
Beat the dealer (about blackjack) and Zen and the art of motorcycle maintainance

The psychology books, trading for a living, the disciplined trader, etc, etc are good.....but how to apply all that is the issue.

My best lessons are observing markets, making and Especially giving money back (not to be confused with losing), writing my own book (journal), periodic self analysis and the few great mentors I was lucky to crossed paths with.
 
Quote from rowenwood:

technical analysis and fundamental? What books are usually studied in the process of obtaining a license?
More...

How I Trade for a Living, by Gary Smith (the other Gary Smith).

One of the more honest trading books. It won't give you tools so much as a general idea of what one goes through to get to the point of being successful.

g
 
Quote from NUTSNEAL:

IMO fundamentals are for investors not traders.
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And take all advice with a grain of salt. This is what works for NUTSNEAL, but there are a million ways to skin this cat.

I don't use fundamentals either, but some of the most successfull TRADERS of all time have and do.

g
 
Quote from ges:

And take all advice with a grain of salt. This is what works for NUTSNEAL, but there are a million ways to skin this cat.

I don't use fundamentals either, but some of the most successfull TRADERS of all time have and do.
More...

I agree. Using fundamentals is an excellent of narrowing the universe of stocks you plan to trade. Otherwise, you can get sucked into a lot of pump 'n dump.
 
Quote from rowenwood:

technical analysis and fundamental? What books are usually studied in the process of obtaining a license?
More...

before worrying about "technical and findamental"... buy and read, and comprehend Mark Douglas' two books (Trading In The Zone & The Disciplined Trader).

You can be a genius at T/A and a CFA/MBA/M.D/J.D.... but a person with a H.S. degree and decent I.Q. can produce miillions on or off-floor because of two things they.... know.... and.... trust.... themselves!

Any starting trader ought to first do some real soul searching about what their expectations are, and then come to know (and outline on paper) reasonable goals within the purview of their personality, character and psyche. If one does not come to know themselves, and be intimately connected with their strengths and weaknesses, better than they are with T/A etc.........

... they will never succeed in the long run.

Douglas deals with those issues.

Also..... all the great trading books in the world will never, repeat never... substitute for actually being on the playing field or in the arena finding out what the difference is between success and "failure"!


Just MHO



ICe
:cool:
 
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