Which trading book should I get?

I would stay away from anything with specific techniques or methods at first.

All the classics listed on this sites Books "Classics" section are excellent.

It is more important to look for the right attitude and mind set first.

After that any good method will do.

This is a mistake that most beginners make but if you can get the right attitude in the beginning it will pay you wisely in the end.
 
Quote from V-Viper:

Well I am new to this trading thing so I have been looking for some good books to buy. I checked the review section of the site and came upon the book:

Trade Your Way to Financial Freedom

I went on Amazon to check out the price and found out there is another verson:

Financial Freedom Through Electronic Day Trading

The first one got great reviews on this site, but the Electronic Day Trading one is not reviewed. I was just wondering if the Electronic Day Trading one is any better, as I'll be using the computer for trades. Just want to make sure its not a lemon.

Thanks.
More...

Hi V-Viper,

If you didn't know yet what "random" means, a number of well intended ET fellows just gave you a demo. In truth, as you are going to find out, the cult of "randomness" is taken quite seriously on ET threads. I hardly know of a more furiously discussed topic.

As I would like to contribute something though, dbphoenix's ideas are right on the mark.

You will have to do your homework to get there V-Viper.
I wish you the best,

nononsense
 

Book list!!

A Complete Guide to the Futures Markets: Fundamental Analysis, Technical Analysis, Trading, Spreads, and Options! by Jack D. Schwager (Author) (Hardcover - June 1984)
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Schwager's textbooks while not specifically about spreads are comprehensive and complete about futures. This book has a small section about trading commodity futures spreads.

Seasonality: Systems, Strategies, and Signals ! by Jake Bernstein (Author) (Hardcover - April 1998)
Seasonality.gif
Jake is a trader but this is not a trading book like Ross’s Spreads and Seasonals!. Jake explains how Seasonal patterns are the heart of consistent profits in trading spreads. As long as summer follows winter, we will have tradable cycles.

Trade Your Way to Financial Freedom ! by Van K. Tharp,
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Tharp is about Winning. Chapter 5 has a section on Spreading as well as Seasonal Tendencies.
 
Hi James

just got your book today in the mail. I read it in about 2 hours. Not a bad book. I'm have found one simple new strategy in the book that will pay for the book many times over. On the other hand, the statistical significance of some of the strategies (15 trades in 10 years) is really not strong enough and some of the strategies merit a more detailed description. While you can summarize a Gap strategy easily in a couple of pages, a trend following strategy can not. In that sense I was shocked in how you treated the turtle method. Where is the money management feature of the turtle system ?

Anyway, still a useful book. Curious to see how long the strategies will remain profitable.


OLiver


Quote from Vishnu:

Buy, "Trade Like A Hedge Fund" by James Altucher (me) coming out in March, 2004. Quite possibly the worst book about trading ever (gratuitous self-effacing) but each technique in the book I have used successfully (perhaps I am "Fooled by Randomness" as Nassim Taleb's book would suggest).

I also don't think you can go wrong by studying the Gil Blake or Monroe Trout chapters in "New Market Wizards". "Wiped Out" by Anonymous in 1965 also not so bad. Best biography: "My Story" by Baruch. Maybe second best is "Pit Bull" by Schwartz (although people say its no longer possible to do what he did I don't believe that). Up there also is "Confessions of a Street Addict" by Cramer. "You can be a stock market genius" by Greenblatt is great but more of an investing book than a trading book. To trade the best thing to do is master the psychology and don't lose too much money when starting out. Always know you can make it back later if you cut your losses right now and wait for a fat pitch. Use my book to find a fat pitch (shameless, shameless!).
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Start out with the psychology first then worry about the technicals...

Dr. Ari Kiev is a great read(s) he has a few books out.

Heard alot of good things about Mark Douglas but I have never read him

Market wizards by Schwartz

Both Sperandeo books

Murphy on market interrelation

Stan Weinstein

William O'Neil

Definitely go with the interlibrary loan on most, after you read them then decide if you want to buy.
 
The 21 Irrefutable Truths of Trading By John Hayden Exceptional Trading-The Mind Game By Ruth Roosevelt
Long Term Secrets to Short Term Trading by Larry Williams
 
The classics are the best - that's why they are classics. Read Livermore, Baruch and Darvas - and Market Wizards I and II, if you want some "new" books.
 
Quote from Vishnu:

Buy, "Trade Like A Hedge Fund" by James Altucher (me) coming out in March, 2004. Quite possibly the worst book about trading ever (gratuitous self-effacing) but each technique in the book I have used successfully (perhaps I am "Fooled by Randomness" as Nassim Taleb's book would suggest).

I also don't think you can go wrong by studying the Gil Blake or Monroe Trout chapters in "New Market Wizards". "Wiped Out" by Anonymous in 1965 also not so bad. Best biography: "My Story" by Baruch. Maybe second best is "Pit Bull" by Schwartz (although people say its no longer possible to do what he did I don't believe that). Up there also is "Confessions of a Street Addict" by Cramer. "You can be a stock market genius" by Greenblatt is great but more of an investing book than a trading book. To trade the best thing to do is master the psychology and don't lose too much money when starting out. Always know you can make it back later if you cut your losses right now and wait for a fat pitch. Use my book to find a fat pitch (shameless, shameless!).
More...

Yes, your right about Baruch's book - but the correct title is: "My Own Story".
P.S. Have you sold some books?
 
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