Book Listing and Description
Come Into My Trading Room: A Complete Guide to Trading
by Alexandar Elder
Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. The book reviews the basics of trading as well as crucial psychological tactics for discipline and organization--with the goal of turning anyone into a complete and successful trader.
Trading for a Living: Psychology, Trading Tactics, Money Management
by Alexandar Elder
Trading for a Living Successful trading is based on three M’s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:
How to become a cool, calm, and collected trader How to profit from reading the behavior of the market crowd How to use a computer to find good trades How to develop a powerful trading system How to find the trades with the best odds of success How to find entry and exit points, set stops, and take profits Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game.
The Disciplined Trader: Developing Winning Attitudesby Mark Douglas
The number one reason that I like The Disciplined Trader is that Mark Douglas has no formal training in psychology. Rather, Douglas “was trained in the only classroom that matters-the battlefield of actual trading. Even though this book was published in 1990 and there have been a plethora of trading-psychology books published since then, Douglas' material stands out has an innovative classic. He just uses his own gift for seeing the mental shortcomings of the losing trader and spells out his own fresh insights on what we, as traders, need to do to experience real success in trading.
Douglas starts the book out from a perspective that many traders can identify with-crushing defeat. Humbling himself to the higher power that the market is and analyzing the formula for defeat, Douglas shows how he was able to reverse-engineer it to find the formula for success that many of the book's readers over the years have found useful in exorcising their own psychological demons.
Central to Douglas' thesis is that the elements of character that produce success in most of life's endeavors are completely different from those that will make you successful as a trader. To thrive in business or some professional career, you have to work hard to develop the skills that will allow you to be in control of your environment. To build a business empire, you have to be a great leader of people. To become a heart surgeon, you have to learn how to control your scalpel. To be a good mother, you have to know how to discipline your children.
A review by Tradingmarkets.com
Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitudeby Mark Douglas
Maximizing the trader’s state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a trader, personal trading coach, and industry consultant since 1982, sends the message that "thinking strategy" will profoundly influence a trader’s success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.
Trading In The Zone offers specific solutions to the “people factor” of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset. Along the way, they’ll gain valuable insights into their own entrenched misconceptions about the market.
Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street’s realities, traders will come to leverage the power of their psyche for unprecedented profitability
Japanese Candlestick Charting
by Steve Nison
It includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques.
Whether you are new to candlestick charts or a seasoned pro-the reward will be immediate and long lasting.
Trade Your Way to Financial Freedomby Van K. Tharp
This is an excellent book that provides the reader with a realistic view of the market and how to trade it. He points out the important things that help make you successful. But more importantly, he points out the traps that most people fall into and explains why this happens.
This book focuses on 4 things: (1) Be Open Minded (2) Focus on Exit Strategies (3) Positive Expectancy (4) Create your own system by studying other people's systems.
Be OPEN MINDED: The book attempts to point out why most investors are too narrow minded and get too attached to a single trading system. It argues for the importance of first knowing yourself, your habits, etc before creating your own system. Exit Strategies: The book attempts to explain why Exit Strategies are often more important than Entry Strategies, how other systems often focus too much on entering the market and not enough on exiting the market and why this going against the grain is important. Positive Expectancy: It teaches you how to create a system of keeping track of your trades so that (1) you'll know your batting average and (2) don't get discouraged like everybody else when a trade doesn't go your way. Create your own System: It shows you a bunch of other people's systems in the hopes that you can pick and choose the right trading tools for yourself. This book is definitely not a get-rich-quick book and it's more about developing a proper trading mentality which the author sees as a key ingredient for most successful traders. It does not spoon feed but it does force you to think and do your homework.
Reminiscences of a Stock Operator
by Edwin Lefevre
Market Wizards: Interviews with Top Tradersby Jack D. Schwager
A bestselling classic that delves into the minds of some of the world's most successful traders.
This book examines a side of trading rarely addressed: the human side. In it some of the world's greatest traders and investors respond candidly to questions regarding their experiences growing up, how they became involved in trading, how they honed their skills and developed as traders, their trading experiences, philosophies and styles, and even some of the considerations that go into their daily selection of trades. A wide variety of personalities and trading methods are represented; whether you scalp the e-minis on Globex or leisurely trade stocks on the NYSE, you will find something of value. This book should be especially valuable to anyone who aspires to trading success but lacks a trading mentor.
The New Market Wizards: Conversations with America's Top Traders
by Jack D. SchwagerSome
The New Market Wizards brings us another bunch of entertaining interviews that shine a light from different perspectives on how to beat the markets. There are so many different methods of trading found in this book, that you are bound to find something that fits your own personal style.
Just like the first book, you will have a lot of fun reading these interviews. This book is full of tips and ideas that will help you increase your knowledge of the markets.
A Complete Guide to Technical Trading Tactics: How to Profit Using Pivot Points, Candlesticks & Other Indicators
by John L. Person