Help me filter this list of trading books

Discussion in 'Educational Resources' started by gambleditall, Oct 3, 2018.

  1. So, one of the biggest problem I come across in this business is there are too many damn educational resources (probably written/created by people who are passionate about the market but were unable to make a living from it).

    Anyway, collecting from various forums, I compiled a list of books to read. Please can any of the successful traders on this forum (I hope they exist), help me filter it down so I only read the ones that are necessary.

    Feel free to add to the list as well. I have already read the first 5 books in this list and they helped me in some way or the other.

    Here goes:
    Market Wizards Interviews with Top Traders by Jack D. Schwager
    The Little Book of Market Wizards: Lessons from the Greatest Traders by Jack D. Schwager
    Trading in the Zone by Mark Douglas
    Trading for a Living by Alexander Elder
    How to Day Trade for a Living by Andrew Aziz
    The Layman's Guide to Trading Stocks by Dave Landry
    Encyclopedia of Chart Patterns by Thomas Bulkowski
    The Art and Science of Technical Analysis by Adam Grimes
    Candlestick Course by Steve Nison
    Understanding Price Action by Bob Volman
    Trade Your Way to Financial Freedom by Van K. Tharp
    Elliot Wave Principle by Frost and Prechter
    Welcome to my Trading Room by Alexander Elder
    Probablity and Systematic Trading by Michael Harris
    Beyond Technical Analysis by Tushar S. Chande
    The Mathematics of Money Management by Ralph Vince
    Naked Forex: High Probablity Techniques for Trading without Indicators by by Alex Nekritin
    Mastering the Trade by John F. Carter
    High Probablity Trading by Marcel Link
    Design, Trading and Optimization of Trading Systems by Robert Pardo
    Evidence Based Technical Analysis by David Aronson
    Trading and Exchanges by Larry Harris
    Technical Analysis of the Financial Markets by John J. Murphy
    Insider Superstock by Jesse C Stine
    How I Made $2,000,000 in the Stock Market by Nicolas Darvos
    Secrets for Profiting in Bull and Bear Markets by Stan Weinstein
    How to Trade Stocks by Jesse Livermore
    Forex Trading by Jim Brown
    Currency Trading for Dummies by Kathleen Brooks, Brian Dolan
    Complete Guide to Volume Price Analysis by Anna Coulling
    Forex Patterns and Probablities by Ed Ponsi
    A Man for All Markets by Edward O. Thorpe

    Thank You!
  2. fan27


    About eight years back I had a coworker who was into trading and I surprised him one day. I brought just about my entire collection of trading books into the office and gave them to him free of charge. He was in shock and is still appreciative to this day. I was happy to get rid of the useless books taking up space on my book shelf.
  3. PistolPete


    Pretty well spoton , I Have read some of those books and the only 1 i can recommend is Evidence Based Technical Analysis by David Aronson .
    The rest are only good for starting fires
    piezoe and tommcginnis like this.
  4. Neuroway


    Hi gambleditall,

    From your list, I read only Alexander Elder. Some good recommendations I'd have for you:

    Michael Covel - Trend Following
    Seneca - On Benefits
    And the videos of Anton Kreil (although they are very simplistics, some of them are good)

    All the best,

    tommcginnis likes this.
  5. Handle123


    You need to be more clear on type of trading you wish to do? Long term, medium, or intraday?

    Anything dealing with basic charting.
    Encyclopedia of Chart Patterns by Thomas Bulkowski

    He has written couple of books.

    My favorites are of John Hill,
    Scientific Interpretation of Bar Charts

    Ultimate Trading Guide

    As far as your list....get them from library as most I have collected were donated. Most books seem to have last chapter never written.

    Can't go wrong being able to read a chart, then back test to get probabilities.
    happyscalpie likes this.
  6. maxinger



    for those books which are BS, I destroyed it by burning.
  7. Neuroway


    Oh! And I forgot:

    "The Hour Between Dog and Wolf. Risk Taking, Gut Feeling and the Biology of Boom and Bust." By John Coates.

    It will hint you about who you really are...
    _eug_ likes this.
  8. JSOP


    I swear to you this is a copy and paste thread from at least 2 threads that I've read before about needing help in figuring out what to read in a ridiculously long list of trading books. WHY don't people bother to gather so many trading books to read??!!! Trading is NOT about reading, trading is TRADING!!! So go TRADE!!!

    No filtering suggestions for me anymore. Anybody who bothers to gather that many books about trading, I can understand one or two, but that many books about trading is a troll, somebody who's definitely not that interested in trading. You are not going to learn how to trade from reading books. There, that's my recommendation.
    Last edited: Oct 4, 2018
  9. Sprout


    Have a direct experience, read them all.

    Just because someone else didn’t receive value doesn’t mean you won’t.

    In fact, if you read to comprehend vs skimming you’ll prolly pick up some gems just for you that others missed.

    Your path is your path. Sifting and sorting through contrast will only strengthen your discernment.

    At some point you’ll be more selective and have a better idea of what your weaknesses are, where to round out your knowledge and begin working with the basic granularity of market data, testing concepts and veracity as you do your due diligence.

    There are no shortcuts that are worth the risk.

    You’ve either gonna approach the endeavor methodically or not.

    Good luck !
    CSEtrader, damnpenguins, qlai and 4 others like this.
  10. Babies do not need to learn how to suckle when they are born. Unless there is someone mentoring, reading and attending trading classes are the next best thing. I have read many related books and I find the following books good.

    Market Wizards Interviews with Top Traders by Jack D. Schwager
    Trading in the Zone by Mark Douglas
    Trading for a Living by Alexander Elder
    Mastering the Trade by John F. Carter
    Secrets for Profiting in Bull and Bear Markets by Stan Weinstein

    These two are not in the list.
    Trend Following by Michael Covel
    Reminiscences of a Stock Operator by Edwin Lefevre

    I would reread these books time after time. :cool:
    #10     Oct 4, 2018