worst trading books ever

[mpdxc]

I believe a better metric is required, one that relates the book's cost (and perhaps size) to its crappiness.

That is, a shitty book that cost you more is actually shittier than another book of equally shitty content, that costs less.

Using that metric, I believe we have a winner by a mile!!!
Dynamic Trading - by Bob Miner, Professor of Applied Crapology

A bargain at www.shittytradingbooks.com

Old post, but I have to second this. A big pile of after the fact horse***t. I was foolish to try the newsletter too which lost on most every call week after week. A big waste of time I spent on it.

 

[piezoe]

Here is my pick
The Master Swing Trader by A Farley

A bunch of setups and entries that a very likely that has absolutely no backtesting and your suposed to just buy that they work.
The author is clearly biased into thinking somehow is has a deep talent to predict the markets yet he needs to write books and sell articles to pay his bills, waste

I'd like to second your nomination. Wordy and poorly written as well.

 

[Handle123]

I have a watermelon box full of books in storage, am not going to say reading all of them were complete waste of time, as some of their ideas would generate other ideas to test. What I have always found amusing, if the book was written for day trading, often found they were better for longer term trading stocks on like weekly bars and some longer term methods better for day trading, LOL What I came upon often was badly written books where they jumped around and discuss a chart fifteen pages ago. If it was a book on systems, they just have to put in filler pages otherwise God forbid make a book twenty pages with many bad signals and what to do with those than so many good signals. Never seen any books with what to do on being on bad trades, have any of you? I mean really, most authors doesn't seem to even have 50% profitable trades and all they can come up with is taking a loss.

These are books I tossed into fireplace, can't see selling something to somebody that I don't believe in.:
Dynamic Trade by Miner
Tools and Tactics of the Master Day Trader
The Electronic Day Trader
First Al Brooks(didn't buy any more of them) poorly written
Anything by Jake Bernstein, Tony Oz, A Farley, Toni Turner
And all the mental aspects books-I know many loved Douglas and the others, but they never helped me at all, for longest time use Thorp huge book worthwhile, kept door open it was so heavy but eventually tossed in fire.

I have stopped buying books, if something sounds interesting, and on audio, I would get that for long ride.

I would like someone write book on when not to take signals based on left of now, and how to manage trades that not working out. Maybe something I can add to Trading Plan. You would figure most would have ideas and backtest it since so many lose. But.....

Books that I think highly of reading were written before 1980, before home PCs, where they wrote what they experienced.

Have a good back testing weekend all.

 

[0008]

all books by Jake Bernstein have no value

 

[mpdxc]

Never seen any books with what to do on being on bad trades, have any of you? I mean really, most authors doesn't seem to even have 50% profitable trades and all they can come up with is taking a loss.

These are books I tossed into fireplace, can't see selling something to somebody that I don't believe in.:
Dynamic Trade by Miner
Tools and Tactics of the Master Day Trader
The Electronic Day Trader
First Al Brooks(didn't buy any more of them) poorly written
Anything by Jake Bernstein, Tony Oz, A Farley, Toni Turner
And all the mental aspects books-I know many loved Douglas and the others, but they never helped me at all, for longest time use Thorp huge book worthwhile, kept door open it was so heavy but eventually tossed in fire.

You never considered tossing those books into a book donation bin or the library? Though I can see just giving someone else or some stranger these books can be harmful. I still have Dynamic Trader in a box, like my biggest trading book ever in terms of wasted physical space, lol. I recall Miner in his ad book on amazon "High Probability Trading Strategies" writing something about 'pro' traders could only get 40% win rate. Odd to see that stick out. I don't like mental aspect books either. They don't even seem to have been written by real traders.