[ First Reading List | Secondary Reading List | Advanced Reading List ] [ Grading the Gurus list]
I have taken great pains to research and list for you my suggested plan of attack in my books: Trading 101-How to Trade Like a Pro, Trading 102-Getting Down to Business, and Electronic Day Trading 101. These books are available at your local bookstore (Barnes & Noble, BookStar, BDalton, Hastings, Crown, etc.) or through Traders Library, Amazon.com and all the other financial booksellers.
NOTE: This page is a work-in-progress. Please come back often as I add to it daily.
Your First Reading List
After you have read each of these at least twice, go on to the Secondary Reading List below, then onto the Advanced Reading List. Or, better yet, go on to the Comprehensive BookList.
| Cover | Book Title | Author |
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Trading 101-How to Trade Like a Pro or Getting Started in Trading (I say "or" because the newer one is just an upgrade and re-write of the first one.) |
Sunny J. Harris |
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Trading 102-Getting Down to Business In her much-praised and highly popular book, Trading 101, Sunny Harris offered novices a crash course on the basics of the field, from puts and calls to stocks and bonds to GDPs and EMAVs. Now, for those looking to continue their education, Harris presents Trading 102: Getting Down to Business, an invaluable roadmap to taking the next step: designing an individual trading system and starting a personal trading business. Along with hands-on strategies, proven techniques, and straightforward guidelines for tailoring a system based on individual trading styles, Trading 102 is packed with a wealth of easy-to-read charts and graphs, as well as complete information on:
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Sunny J. Harris |
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| TradeStation Made Easy! | Sunny J. Harris Paperback: 746 pages
Language: English
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Technical Analysis of the Financial Markets by John Murphy |
John Murphy |
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A Short History of Financial Euphoria |
John Kenneth Galbraith |
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The Intelligent Investor |
Benjamin Graham |
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Keys to Understanding the Financial News |
Barrons |
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Technical Analysis from A to Z |
Steven Achelis |
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| Electronic Day Trading 101 | Sunny J. Harris | |
| Encyclopedia of Chart Patterns by Thomas Bulkowski ISBN#: 0-471-29525-6 Number of pages: 576 Publisher: Wiley Trading Advantage. Available in hardcover. Date Published: 2000 |
Thomas Bulkowskki | |
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The
Encyclopedia of Technical Market Indicators |
Robert W Colby | |
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InterMarket Technical Analysis Trying to trade stock, bond, commodity and currency markets without intermarket awareness is like trying to drive a car without looking out the side and rear windows—very dangerous. In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You'll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for directional clues. Shows the analyst how to focus outward, rather than inward, to provide a more rational understanding of technical forces at work in the marketplace. |
John Murphy ISBN#: 0-471-52433-6 |
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Master Swing Trader Swing trading is gaining popularity as a powerful method to increase returns--and potentially lower risks--by profiting from short-term price moves. The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops. This complete, practical guide to making profitable short-term trades--based on the author's popular Mastering the Trade online course--uses dozens of charts and graphs to illustrate proven swing trading concepts and strategies. Experienced day, position, and online traders will benefit immediately from: - The 7 Bells – unique tools to uncover promising short-term prospects - Techniques to profit from low-risk short sales - The 4 repeating cycles for perfectly timed trades. |
Alan Farley ISBN#: 0071363092 |
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The Encyclopedia of Trading Strategies The Encyclopedia of Trading Strategies is for traders who want to take the next step to consistently profitable trading. The authors--themselves seasoned veterans of the futures trading arena--pinpoint the trading methods and strategies that have been shown to produce market-beating returns. Their rigorous and systematic backtesting of each method, using the same sets of markets and analytic techniques, provides a scientific, system-based approach to system development...to help you assemble the trading system that will put you on the road to becoming a more consistently profitable trader. |
Jeffrey Owen Katz & Donna McCormick | |
Trading Systems: Secrets of the Masters In this book, Joe Krutsinger, author of the Trading Systems Toolkit, and Larry Williams along with 13 other well-known professional traders answer direct questions about the systems they developed to beat the markets. Not mysterious "black box" systems that generate uncheckable buy and sell signals, these actual, coded systemsNwith sample resultsNare included in this book for you to try. Ready to be entered in TradeStation, these programsNand the seminar-leading expertsO adviceNwould cost you many thousands of dollars if purchased separately. |
Joe Krutsinger | |
Secondary Reading ListStart Here. I have listed these books in the order in which I believe you should read them. By the time you have read as many books on trading as I have (over 800 to date) you will have invested a small fortune in your library. It's worth every penny. Remember: Education is not Expensive; Lack of Education IS. and What You Don't Know CAN Hurt You! |
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| Getting Started in Technical Analysis
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by Jack D. Schwager ISBN#: 0-471-29542-6 |
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| Technical Analysis of the Financial Markets | by John Murphy ISBN#: 0-7352-0066-1 |
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Bollinger on Bollinger Bands John Bollinger is a giant in today's trading community. His Bollinger Bands sharpen the sensitivity of fixed indicators, allowing them to more precisely reflect a market's volatility. By more accurately indicating the existing market environment, they are seen by many as today's standard--and most reliable--tool for plotting expected price action. Now, in Bollinger on Bollinger Bands, Bollinger himself explains how to use this extraordinary technique to compare price and indicator action and make sound, sensible, and profitable trading decisions. |
John Bollinger Hardcover: 288 pages |
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Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East Japanese Candlestick Charting Techniques, 2nd Edition, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language, the author’s years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market. |
Steve Nison Hardcover: 299 pages |
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New Trading Systems and Methods For more than two decades, futures traders have turned to the classic Trading Systems and Methods for complete information about the latest, most successful indicators, programs, algorithms, and systems. Perry Kaufman, a leading futures expert highly respected for his years of experience in research and trading, has thoroughly updated this bestselling guide, adding more systems, more methods, and extensive risk analysis to keep this the most comprehensive and instructional book on trading systems today. His detailed, hands-on manual offers a complete analysis, using a systematic approach with in-depth explanations of each technique. This edition also includes a CD-ROM that contains the TradeStation EasyLanguage program, Excel spreadsheets, and Fortran programs that appear in the book. |
Perry Kaufman Hardcover: 1200 pages |
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Hit and Run Trading Written by professional equities trader, Jeff Cooper, this best-selling manual teaches traders how to day-trade and short-term trade the best moving stocks. Jeff's strategies identify daily the ideal stocks to trade and point out the exact entry and protective exit point. Most trades risk 1 point or less and last from a few hours to a few days. |
Jeff Cooper Publisher's Price: $100.00. |
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Street Smarts Published in 1996 and written by Larry Connors and "New Market Wizard" Linda Raschke. This 245 page manual is considered by many to be one of the best books written on trading futures. Twenty-five years of combined trading experience is divulged as you will learn 20 of their best strategies. |
Laurence Connors & Linda Bradford Raschke Hardcover: 238 pages |
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The Compleat Day Trader Since The Compleat Day Trader was first published, the tools available to day traders have become incomparably more efficient and effective, thereby dramatically increasing your chances of success. On the flip side, day trading is much riskier and faster paced than ever before. Staying current isn't an option for the serious day trader--it's an absolute necessity. |
Jake Bernstein Publisher: McGraw Hill. |
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Stock Market Strategies That Work Making significant money in the stock market isn't a given. However, investors can greatly increase their odds of success by knowing the basics of how the market works andmore importanthow to trade profitably in the market. Stock Market Strategies That Work goes far beyond other introductory books on the market, explaining in step-by-step detail the specific techniques, systems, methods, and indicators that veteran investors have used for years to prey on the unsuspecting average investor and fatten their own trading accounts. Jake and Elliott Bernstein use numerous charts and graphs to emphasize timing, entry and exit methods, trend analysis, risk management, and other higher-level topics. |
Jake Bernstein Paperback: 288 pages |
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Advanced Reading ListStart Here. I have listed these books in the order in which I believe you should read them. These books are best left until you have read all the others, and probably until you have been trading for a while. Some of the concepts in these advanced books will be best understood after you have made some mistakes on your own, and have found and used a profitable trading strategy. |
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Portfolio Management Formulas Explores two neglected mathematical tools essential for competing successfully in today's frenzied commodities markets: quantity, which shows the proper amounts a trader should trade for a given market and system, and intercorrelation of returns (diversification), which shows not only which markets and systems to trade, but how to diversify with respect to trading the right quantities for each market. By using these lesser known tools in conjunction with the more popular trade/system selection tools, readers will see mathematically how success in the markets can be achieved, and how ``success'' without using all three is most likely incidental. In addition, non-stationary distribution of profits and losses and drawdowns are incorporated into the discussions to expose traders to the highs and lows of commodities markets and how best to leverage their assets. |
Ralph Vince | |
The Handbook of Portfolio Mathematics Ralph Vince has made many contributions to the world of money management in trading over the course of his career, and his thoughts on this subject have captured the attention of both financial professionals and savvy individual traders alike. In The Handbook of Portfolio Mathematics, Vince outlines the essential elements found in his first three groundbreaking books—Portfolio Management Formulas, The Mathematics of Money Management, and The New Money Management—and then presents you with new insights that will allow you to implement his ideas in real-world trading situations. For instance, this book discusses drawdown beyond any discussion of drawdown to date. Vince's new portfolio model, the Leverage Space Model, uses drawdown as its risk metric, as opposed to conventional methods which use variance in returns. The result is a portfolio model far superior to any of its predecessors—some of which have been in use throughout the industry for over half a century. |
Ralph Vince Hardcover: 448 pages |
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Leverage Space Trading Model The cornerstone of money management and portfolio optimization techniques has remained the same throughout history: maximize gains and minimize risk. Yet, asserts Ralph Vince, the widely accepted approaches of combining assets into a portfolio and determining their relative quantities are wrong—and will cost you. They illuminate nothing, he says, aside from providing the illusion of safety through diversification. Although numerous Nobel Prizes have been awarded based on some of those widely accepted principles, their popular acceptance does not constitute real-world validation. What has been needed is a viable alternative to directly address these real-world dictates. In The Leverage Space Trading Model, Vince offers a groundbreaking contribution to the literature that builds on a lifetime of expert analysis to deliver not only a superior new portfolio model, but takes the entire discipline of portfolio management to a new level. |
Ralph Vince Hardcover: 191 pages |
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Encyclopedia of Chart Patterns In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events -- such as quarterly earnings announcements, retail sales, stock upgrades and downgrades -- that shape today?s trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you're a technical investor or trader. |
Thomas Bulkowski Hardcover: 1032 pages |
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The Big Short Michael Lewis has written from the perspective of a financial insider for more than 20 years. His first book, Liar's Poker, was a warts-and-all account of Wall Street culture in the 1980s, when Lewis worked at the investment bank Salomon Brothers. Everything Lewis has touched since has turned to gold, and The Big Short seems to be another of those books, combining an incendiary, timely topic with the author's solid, insightful, and witty investigative reporting. Only the Pittsburgh Post-Gazette criticized what it felt was a rush job of writing and a failure to integrate the individual stories. Few readers will care for the message here (despite laugh-out-loud moments of absurdity), but Lewis is a capable guide into the world of CDOs, subprime mortgages, head-in-the-sand investments, inflated egos--and the big short. |
Michael Lewis
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