Of the 100+ I have read, this one is in the top 5. It is actually about generalized semantics, but it can help you figure out what model to base your system on by allowing you to differentiate between your biases and reality. It also provides a framework to understand the the relationship between things like technical analysis (models) and the reality of prices. It might be too advanced, but it is accessible to a lay person, i.e. a lay person can get something out of it. Lastly I would say all the successful traders know this, but the vast majority, of posers here on ET, it would be beyond them and not accessible because of their ego. Winning the Mental Game on Wall Street: The Psychology and Philosophy of Successful Investing: Magee, John, Bassetti, W.H.C.: 9780910944175: Amazon.com: Books Lastly, if you can get one thing from each book, that is a win, imo
Bingo. When you read a book on self improvement, people sometimes think that if they read the book, they'll be instant millionaires or famous YT Influencers. Most people don't take notes from the books they read or try to implement the lessons they learned. If you apply one lesson you learned from every book you read, you will be doing well. But people don't do that... too lazy, lack motivation or don't know how to start.
Like this one: Pit Bull: Lessons from Wall Street's Champion Day Trader: Schwartz, Martin: 9780887309564: Amazon.com: Books The one thing I got from it was he goes from NY (home turf) to Chicago (visiting) and tries to trade. Gets is ass handed to him. "never go into battle without your tested tools". People still go into battle on an untested platform or configuration! Some guy in "Prop Trading" forum, just posted so.
Here, you can read his book: How I Made $2,000,000 In The Stock Market (Nicholas Darvas, 1960): https://docplayer.net/17890557-How-...ican-research-council-larchmont-new-york.html
%5 Those [Jack Schwager/top traders] are among the best to read/read/reread; and underline------------------------------------------------------------------------------------------------------------------------------ I'm rereading his SD/Stanley Drukenmiller section. I made a note years ago in that chapter, people @ the bank though SD's boss ''was a kook'' because he liked charts/LOL/LOL,
- Just saw an interesting way to rank trading books based largely on Amazon reviews. Found this list from last year on a Twitter page (Steve Burns): It is located at https://www.newtraderu.com/2020/10/24/35-best-trading-books-of-all-time-based-on-amazon-ratings/ ------------- 35 Best Trading Books Of All Time (Based on Amazon Ratings) Posted By: Steve Burnson: October 24, 2020 This list of top 35 trading books of all time is based on a quantitative composite ranking of Amazon book reviews, all time sales, and author popularity. This is a guide for traders to dig deeper on Amazon and see which books fit their own trading time frame, risk tolerance, return goals, and systems for markets they trade. These books are very different in methodologies, time frames, and markets traded. The authors are diverse in their writing styles from highly technical to more philosophical. You will see a common thread through all of these books on the importance of having a trading process with an edge, managing risks, and having the right mindset to be a trader. Think & Trade Like a Champion: The Secrets of a Stock Market Wizard by Mark Minervini 4.8 stars 431 ratings Trading in the Zone: Master the Market with Confidence by Mark Douglas 4.7 stars 1,475 ratings Hedge Fund Market Wizards: How Winning Traders Win by Jack D. Schwager 4.7 stars 206 reviews Technical Analysis Using Multiple Timeframes by Brian Shannon 4.7 stars 203 ratings How to Day Trade for a Living by Andrew Aziz 4.6 stars 1,806 ratings Reminiscences of a Stock Operator by Edwin Lefèvre 4.6 stars 1,196 ratings Market Wizards: Interviews with Top Traders by Jack D. Schwager 4.6 stars 827 ratings Trade Like a Stock Market Wizard by Mark Minervini 4.6 stars 621 ratings Japanese Candlestick Charting Techniques by Steve Nison 4.6 ratings 570 ratings Stan Weinstein’s Secrets For Profiting in Bull and Bear Markets by Stan Weinstein 4.6 stars 510 ratings The New Market Wizards: Conversations with America’s Top Traders by Jack D. Schwager 4.6 stars 380 ratings The New Trading for a Living by Alexander Elder 4.6 stars 364 ratings Come Into My Trading Room: A Complete Guide to Trading by Alexander Elder 4.6 stars 275 ratings How to Make Money in Stocks: A Winning System in Good Times and Bad by William J. O’Neil 4.5 stars 1,472 ratings The Man Who Solved the Market by Gregory Zuckerman 4.5 stars 1,415 ratings How I Made $2,000,000 in the Stock Market by Nicolas Darvas 4.5 stars 1,130 ratings The Disciplined Trader: Developing Winning Attitudes by Mark Douglas 4.5 stars 379 ratings Dark Pools: The Rise of the Machine Traders by Scott Patterson 4.5 stars 368 ratings How to Trade In Stocks by Jesse Livermore 4.5 stars 331 ratings Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske 4.5 stars 233 ratings Pit Bull: Lessons from Wall Street’s Champion Day Trader by Martin Schwartz 4.5 stars 228 stars Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb 4.4 stars 2,218 reviews The Complete TurtleTrader by Michael W. Covel 4.4 stars 615 ratings A Beginner’s Guide To Day Trading Online by Toni Turner 4.4 stars 584 ratings Fortune’s Formula: The Untold Story of the Scientific Betting System by William Poundstone 4.4 stars 278 ratings You Can Be a Stock Market Genius by Joel Greenblatt 4.3 stars 445 ratings Way of the Turtle: The Secret Methods that Turned Ordinary People into Legends by Curtis Faith 4.3 stars 335 ratings Trade Your Way to Financial Freedom by Van Tharp 4.3 stars 334 ratings $25K Options Trading Challenge by Nishant Pant 4.3 stars 212 ratings Day Trading Made Easy: A Simple Strategy for Day Trading Stocks by Matthew R. Kratter 4.2 242 ratings The Wolf of Wall Street by Jordan Belfort 4.1 stars 2,264 ratings The 1 Hour Trade: Make Money With One Simple Strategy, One Hour Daily by Brian Anderson 4.1 stars 382 ratings Covered Calls Made Easy: Generate Monthly Cash Flow by Selling Options by Matthew R. Kratter 4.1 stars 359 ratings Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets by Michael W. Covel 4 stars 438 ratings Options Trading QuickStart Guide: The Simplified Beginner’s Guide to Options Trading by ClydeBank Finance 4 stars 255 ratings
An important book, recommended also by Andrea Unger (4 times trading world champion) is: Long Term Secrets to Short Term Trading, by Larry Williams. P.S. For Coner1980: you have a P.M