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Which books should you read if you want to learn trading?

  1. Are old books also good in order to learn technical trading mostly?Or do you need books from 2017. The problem i have with books is that the newer ones that are good are all bought up by wall street and the good information never reaches the little guy.

    So what do you guys think. Will the oldies be enough i have time to educate myself i`m young i just need to be on the right path.

    All of these books
    AA- The Motley Fool Money Guide.pdf
    AA-Benjamin Graham - Intelligent Investor.pdf
    AA-DONALD P. DELVES - Stock options and the new rules.pdf
    AA-GEORGE M. JABBOUR - The Option Trader Handbook - Strategies And Trade
    Adjustments.pdf
    AA-Jay Kaeppel - The Option Trader's Guide To Probability, Volatility And
    Timing.pdf
    AA-JON Najarian - How I Trade Options (2001).pdf
    ADAM SMITH - An Inquiry Into The Nature And Causes Of The Wealth Of
    NationsPdf.pdf
    Alan Farley - The Master Swing Trader.pdf
    ALAN R SHAW - The Financial Analyst Handbook -Ch 11- Market Timing and Technical
    Analysis.pdf
    Alexander ELDER - Trading For A Living.pdf
    Alexander Elder - Study Guide For Come Into My Trading Room - A Complete Guide
    To Trading.pdf
    Alexander Elder - Come Into My Trading Room[1].pdf
    Alexander ELDER - Entries & Exits Study Guide.pdf
    Alexander ELDER - Entries And Exits.pdf
    Andrew Goodwin -.trading.secrets.of.the.inner.circle(pdf).pdf
    ARI KIEV Trading To Win The Psychology Of Mastering The Markets - WILEY.pdf
    Bambi Holzer-Getting Yours - It's Not Too Late To Have The Wealth You Want
    (Wiley-2002) (pdf).pdf
    Barry Rudd - Stock Patterns For Day Trading And Swing Trading.pdf
    BENJAMIN VAN VLIET Modeling Financial Markets. Using Visual Basic To Create
    PRICING,TRADING,RISK.pdf
    Bill M.williams - New Trading Dimensions - How To Profit From Chaos In Stocks,
    Bonds, And Commoditie.pdf
    BILL WILLIAMS - Trading Chaos - - Wiley Finance.pdf
    BRUCE I JACOBS - Market Neutral Strategies-WILEY.pdf
    BRUCE J. FEIBEL - Investment Performance Measurement (Wiley-2003) (pdf).pdf
    Callum Henderson-Currency Strategy - A Practitioner's Guide To Currency
    Investing, Hedging And Fore.pdf
    CBOT MARKET PROFILE HANBOOK STUDY GUIDE PARTS 1-6.pdf
    Charles Brandes - Value Investing Today (Mcgraw Hill-3rd Ed-2004) (pdf).pdf
    Charles C. Zhang - .Make.Yourself.A.Millionaire.pdf
    Charles Le Beau & Lucas, David W - Day Trading Systems & Methods.pdf
    CHARLES M LALOGGIA The Superstock Investor.pdf
    CHARLES R. GEISST - Undue Influence - How The Wall Street Elite Puts The
    Financial System At Risk.pdf
    CHARLES W SMITHSON-Credit Portfolio Management (Wiley-2003) (pdf).pdf
    Christine Benz - Morningstar Guide To Mutual Funds (Wiley-2003) (pdf).pdf
    Cliffsnotes - Investing In 401k Plans (Idg-2000) (pdf).pdf
    Cynthia Kase - Trading With The Odds[1].pdf
    DANIEL A STRACHMAN- ESSENTIAL STOCK PICKING STRATEGIES-WHAT WORKS ON
    WALLSTREET.pdf
    Daniel Gramza - Building Your E-Mini Trading Strategy.pdf
    DARA DUGUAY-Don't Spend Your Raise (Mcgraw Hill-2002) (pdf).pdf
    Darrell Jobman - The Handbook Of Alternative Investments (Wiley) (pdf).pdf
    David Dreman (1998) - Contrarian Investment Strategies-the Next Generation
    (pdf).pdf
    Dean Lebaron - Treasury Of Investment Wisdom 30 Great Investing Minds -
    Wiley.pdf
    Dennis Eisen - Using Options To Buy Stocks - Build Wealth With Little Risk And
    No Capital.pdf
    DIANE KENNEDY - Loopholes Of The Rich -HOW THE RICH LEGALLY MAKE MORE MONEY AND
    PAY LESS TAXES.pdf
    DOMINICK SALVATORE - Principles of Economics -Crash Course - Schaum's Easy
    Outlines.pdf
    DONALD COXE - The.New.Reality.Of.Wall.Street-.pdf
    DOUG HENWOOD - WALLSTREET HOW IT WORKS AND FOR WOHM.pdf
    Ed Gately - Forecasting Profits Using Price & Time.(pdf).pdf
    EDWIN LEFVER - REMINISCES OF A STOCK OPERATER.pdf
    ELAINE SCOTT - STOCKS AND BONDS PROFITS AND LOSSES A QUICK LOK AT FINANCIAL
    MARKETS.pdf
    Elder Alexander - Come Into My Trading Room - A Complete Guide To Trading.pdf
    Elder Alexander - Trading For A Living.pdf
    Eric Shkolnik - When Buy Means Sell - Mcgraw Hill.pdf
    ERICH A HELFERT - Financial Analysis Tools And Techniques A Guide FOR MANAGERS-
    MCGRAW-HILL.pdf
    FRANK J FABOZZI-BOND MARKETS, ANALYSIS AND STRATEGIES.pdf
    FRANK J. FABOZZI - Short Selling - Strategies, Risks, And Rewards [2004
    Isbn0471660205].pdf
    FRANK J. FABOZZI - The Global Money Markets.pdf
    FREDERICK S MISHKIN The Economics Of Money, Banking, And Financial Markets (7th
    Ed) (pdf).pdf
    G.Cotter Cunningham - Your Financial Action Plan - 12 Simple Steps To Achieve
    Money Success.pdf
    Gary Gray -
    Streetsmart.Guide.To.Valuing.A.Stock.The.Savvy.Investors.Key.To.Beating.The.Mark
    et.pdf
    Gary Smith - How I Trade For A Living.pdf
    Gene Siciliano-Finance For The Non-financial Manager (Mcgraw Hill-2003)
    (pdf).pdf
    George Angell - Sniper Trading Workbook-WILEY.pdf
    GEORGE M MORTON - Valuation - Maximizing Corporate Value-WILEY FINANCE.pdf
    George Muzea - The Vital Few Vs The Trivial Many - Invest With The Insiders,
    Not The MasseS.pdf
    GEORGE PRUITT JOHN HILL_-_The_Ultimate_Trading_Guide.pdf
    GEORGE PRUITTJOHN HILL Building Winning Trading Systems With Tradestation -
    Wiley.pdf
    Gerald Appel - Technical Analysis-Power Tools For Active Investors.pdf
    GERALD appel-ch-01.pdf
    GERALD BENJAMIN -ANGEL CAPITAL - HOW TO RAISE EARLY STAGE PRIVATE EQUITY
    CAPITAL.pdf
    GILLETE EDMUNDS-Comfort Zone Investing-How To Tailor Your Portfolio For High
    Returns And Pea.pdf
    GREG L MORRIS- Candlestick Charting Explained.pdf
    GREG N. GREGORIOU - Commodity Trading Advisors - Risk, Performance Analysis, And
    Selection.pdf
    Harry D.Shultz - Bear Market Investing Strategies (Wiley-2002) (pdf).pdf
    HRISHIKESH D VINROD - Preparing For The Worst.pdf
    J Peter Steidlmayer - On Markets - A New Approach To Trading - MARKET
    PROFILE.pdf
    J.k. Lassers Homeowners Tax Breaks - Your Complete Guide To Finding Hidden Gold
    In Your Home.pdf
    JACK SCHWAGER - stock market wizards[1].pdf
    Jack Schwager - The New Market Wizards.pdf
    Jake Bernstein - MARKET MASTERS HOW TRADERS THINK TRADE AND INVEST.pdf
    Jake Bernstein - No Bull Investing.pdf
    Jake Bernstein - Stock Market Strategies That Work.pdf
    Jake Bernstein - The Compleat Day Trader Vol I.pdf
    Jake Bernstein - The Compleat Day Trader Vol II.pdf
    JAKE BERNSTEIN-How to Trade the New Single Stock Futures.pdf
    James O'loughlin - The Real Warren Buffet, Managing Capital, Leading People
    (2003)(pdf).pdf
    JAMES R HEDGESHedges On Hedge Funds How To Successfully Analyze AND SELECT AN
    INVESTMENT.pdf
    Jay Kaeppel - The Four Biggest Mistakes In Futures Trading.pdf
    Jea Yu - -THE UNDERGROUND TRADER GUIDE TO ELECTRONIC TRADING.pdf
    JEFFREY OWEN KATZ - .Encyclopedia Of Trading Strategies.pdf
    JIM TROUP - Divorcing the Dow - Using Revolutionary Market Indicators to Profit
    From the Stealth.pdf
    JK LASSER Pick Stocks Like Warren Buffett.pdf
    JOE DiNapoli , - Trading With DiNapoli Levels.pdf
    Joe Ross - Electronic Trading - TNT I Gorilla Trading Stuff(pdf).pdf
    Joe Ross - Electronic Trading - TNT II - How-to-win Trading Stuff(pdf).pdf
    Joe Ross - Intro.pdf
    Joe Ross - Keltner Channels.pdf
    Joe Ross - Laws Of Charts 123.pdf
    Joe Ross - Spread Trading.pdf
    Joe Ross - Spreads- A Whole New Way To Trade.pdf
    Joe Ross - Trading Futures by the book.pdf
    Joe Ross - trading spreads and seasonals.pdf
    Joe Ross - Trading The Ross Hook.pdf
    Joe Ross- Traders Trick Entry.pdf
    JOE ROSS-Money-Management.pdf
    JOEL GREENBLATT - The Little Book That Beats The Market.pdf
    JOHN ALLEN PAULOS A Mathematician Plays the Stock Market.pdf
    John Bollinger - Bollinger On Bollinger Band.pdf
    John Grisham - The Broker.pdf
    John J Murphy - Charting Made Easy.pdf
    John J Murphy - Technical Analysis Of The Financial Markets.pdf
    JOHN J MURPHY-Intermarket Technical Analysi -Trading Strategies for the Global
    Stock, Bond, Commodity.pdf
    JOHN L PERSON A Complete Guide to Technical Trading Tactics[1].pdf
    John Leslie Livingstone & Grossman - The Portable Mba In Finance And Accounting
    2002 (Wiley) (pdf).pdf
    JOHN MAULDIN-Just One Thing Twelve Of The World's Best Investors Reveal The One
    Strategy You CanT.pdf
    JOHN PIPER - The Way To Trade.pdf
    JOHN R HILL - The Ultimate Trading Guide.pdf
    John Tracy - The Fast Forward Mba In Finance (Wiley-2nd Ed-2002) (pdf).pdf
    KATHLEEN SINDELL-For.Dummies.Investing.Online.For.Dummies.5th.Edition.pdf
    KEN WOLFF - Trading On Momentum Advanced Techniques For High Percentage Day
    TRADING-MCGRAW HILL.pdf
    KENNETH R TRESTER 101 Option Trading Secrets.pdf
    Kenneth S. Friedman - Myths Of The Free Market.pdf
    KENNETH SHALEEN TECHNICAL ANALYSIS AND OPTIONS STRATEGIES.pdf
    Kevin Hagerty - Day Trading Course.pdf
    Larry Pesavento - Fibonacci Ratios With Pattern Recognition [Traders Press].
    (pdf).pdf
    Larry Pesavento - Planetary Harmonics Of Speculative Markets [Traders Press].
    (pdf).pdf
    LARRY WILLIAMS - LONG TERM SECRETS FOR SHORT TERM TRADING.pdf
    LARRY WILLIAMS - The Right Stock At The Right Time - Prospering In The Coming
    Good Years.pdf
    LARRY WILLIAMS - The Secret Of Selecting Stocks For Immediate And Substantial
    Gains.pdf
    Lawrence G. McMillan - Profit with Options (Essential Methods for Investing
    Success).pdf
    Leigh Stevens - Essential Technical Analysis-WILEY.pdf
    LESLIE N MASONSON -.All.About.Market.Timing-THE EASY WAY TO GET STARTED.pdf
    LINDA B RASCHKE Street Smarts -HIGH PROBABILITY SHORT TERM TRADING STRATEGIES-
    145 PAGES.pdf
    LINDA BRADFORF RASCHKE - Street Smarts - High Probability Short Term Trading
    Strategies-224 PAGES.pdf
    LINDA T MEAD - Investing With Giants - Tried and true stocks that have stood he
    test of time.pdf
    LOUIS B MENDELSOHN - Trend Forecasting with Technical Analysis.pdf
    Marc Boucher - Short-Term Trading Course.pdf
    MARION A. BRACH - Real Options In Practice.pdf
    Mark Boucher THE HEDGE FUND EDGE - Maximum Profit, Minimum Risk - Global Trading
    Trend Strategies.pdf
    MARK D WOLFINGER-CREATE YOUR OWN HEDGE FUND.pdf
    Mark Douglas - The Disciplined Trader.pdf
    MARK DOUGLAS - TradingInTheZone.pdf
    Mark Fenton-O’Creevy - Traders - Risks, Decisions And Management In Financial
    Markets.pdf
    MARK FISHER-THE LOGICAL TRADER APPLYING A METHOD TO THE MADNESS-WILEY.pdf
    Mark R Conway - Professional Stock Trading- SYSTEM DESIGN AND AUTOMATION-
    WILEY.pdf
    MARTIN D. WEISS - Crash Profits Make Money When Stocks Sink And Soar.pdf
    Martin J.pring - Technical Analysis For Short-term Traders(pdf).pdf
    MARTIN PRING Investment Psychology Explained, Classic Strategies To Beat The
    Markets.pdf
    MAX ANSBACHER - The New Options Market Pdf.pdf
    Michael Covel - Trend Following.pdf
    Michael Gur -.the.symmetry.wave.trading.method(pdf).pdf
    MICHAEL MCDONALD - Predict Market Swings With Technical Analysis.pdf
    MICHAEL S JENKINS - The Geometry Of Stock Market Profits - A GUIDE TO
    PROFESSIONAL TRADING FOR A.pdf
    Michael Maiello - Buy The Rumor, Sell The Fact - 85 Maxims Of Wall Street And
    What They Really Mean.pdf
    Michel Fleuriet-FINANCE A FINE ART.pdf
    MIKE Schiano - Spend Your Way To Wealth (Allworth-2003) (pdf).pdf
    MIKE SINCERE Understanding Stocks-MCGRAW-HILL.pdf
    MITCH ZACKS Ahead Of The Market - The Zacks Method For Spotting Stocks Early In
    Any Economy.pdf
    Murray N. Rothbard - History Of Money And Banking In The United States (pdf).pdf
    Murray N. Rothbard - Making Economic Sense.pdf
    Murray Rothbard - The Mystery Of BankingPdf.pdf
    Nancy Tengler - New Era Value Investing (Wiley-2003) (pdf).pdf
    NASSIM Taleb - Dynamic Hedging Pdf.pdf
    Nassim Taleb - Fooled By Randomness Pdf .pdf
    Natalie H. Jenkins - You Paid How Much For That - How To Win At Money Without
    Losing At Love.pdf
    NAUZER J. BALSARA - Money Management Strategies For Futures Traders.pdf
    Ned Davis-The Triumph Of Contrarian Investing-Crowds,Manias,And Beating The
    Market By Going Against.pdf
    NICHOLAS DARVAS - HOW I MADE 2 MILLION IN THE STOCK MARKET.pdf
    OIC BOOK VARIOUS AUTHORS - Options Essential Concepts and Trading Strategies,
    2nd Edition.pdf
    Options Institute - Options Essential Concepts And Trading Strategies 02 - Nd
    Ed. Pdf .pdf
    PAT Dorsey - The 5 Rules For Successful Stock Investing - A MORNINGSTAR
    GUIDE.pdf
    PATRICK MIKULA - The Best Trendline Methods Of Alan Andrews & 5 New Trendline
    Techniques.pdf
    PAUL Wilmott - Howison - Dewynne - The Mathematics Of Fiancial Derivatives
    Pdf.pdf
    Perry J. Kaufman - Trading Systems And Methods(pdf).pdf
    Perry Kaufman - Smarter Trading.pdf
    Perry Kaufman - Trading Systems & Methods 593 pages.pdf
    Pesavento , Larry - Astro Cycles (The Trader's Viewpoint).(pdf).pdf
    PETER NAVARRO - When The Market Moves, Will You Be Ready.pdf
    PhantomOfThePits.pdf
    PHILLIPE JORIAN FINANCIAL RISK MANAGER HAND BOOK.pdf
    Probability And Statistics Textbook.pdf
    Procrastination.pdf
    R J SHOOK - THE WINNERS CIRCLE WALLSTREETS BEST MUTUAL FUND MANAGERS-WILEY.pdf
    RALPH VINCE - THE MATHEMATICS OF MONEY MANAGEMENT.pdf
    Ricard Wyckoff -the Day Traders Bible-116 PAGES.pdf
    Richard A. Ferri - Protecting Your Wealth In Good Times And Bad.pdf
    RICHARD D WYCOFF - THE DAY TRADERS BIBLE-63 PAGES.pdf
    Richard Imperiale - The Micro Cap Investor (Wiley-2005) (pdf).pdf
    RICHARD L WISEMAN Mechanical Trading Systems_PAIRING TRADER PSYCOLOGY WITH
    TECHNICAL ANALYSIS.pdf
    Richard L. Brandt - CAPITAL INSTINCTS-LIFE AS A ENTREPRENEUR, FINANCIER AND
    ATHELETE.pdf
    RICHARD SMITTEN - TRADE LIKE JESSE LIVERMORE-WILEY.pdf
    ROBERT D WARD - Options And Options Trading A Simplified Course.pdf
    ROBERT DEEL - The Strategic Electronic Day Trader(pdf).pdf
    Robert Fisher - Fibonacci Applications and Strategies for Traders.pdf
    Robert G Hagstrom - The Warren Buffett Way 2nd Edition.pdf
    ROBERT SLATER Soros Unauthorized Biography.pdf
    ROBERT.D. EDWARDS & JOHN MAGEE - TECHNICAL ANALYSIS OF STOCK TRENDS.pdf
    RUSSELLOLSEN -Handbook For Investment Committee Members How To Make Prudent
    Investments For Your.pdf
    Ryan Jones - Money Management.pdf
    RYAN JONES -THE TRADING GAME.pdf
    SCOTT M Carney - The.harmonic.trader(pdf).pdf
    Sharon Saltzgiver Wright - Getting Started In Bonds, 2nd Edition [2003
    Isbn0471271233].pdf
    Stan Weinstein - Secrets For Profiting In Bull And Bear Markets.pdf
    Stephen W Bigalow - Big Profit Patterns Using Candlestick SIGNALS AND GAPS.pdf
    STEVE NISON - Japanese Candlestick Charting Techniques [1991 330p.pdf
    STEVE NISON - The Candlestick Course - WILEY.pdf
    STEVE NISON Japanese Candlestick Charting Techniques.pdf
    Steve Nison- Beyond Candlesticks.pdf
    STEVEN ACHELIS - TECHNICAL ANALYSIS FROM A TO Z.pdf
    Steven Stralser - MBA in a Day- What You Would Learn at the Top Tier Business
    Schools.pdf
    STUART A. MCCRARY - Hedge Fund Course.pdf
    TED MILLER - Kiplinger's Practical Guide To Your Money (Kiplinger-2002)
    (pdf).pdf
    The Five Minute Investor.pdf
    THOMAS J LUCIER - How.To.Make.Money.With.Real.Estate.Options-WILEY.pdf
    THOMAS M RYAN-Using Ivestor Relations TO MAXIMIZE EQUITY VALUATIONS.pdf
    Thomas N. Bulkowski - Encyclopedia of Chart Patterns 1st edition 345 pages.pdf
    Thomas N. Bulkowski Encyclopedia Of Chart Patterns, 2nd Edition 1034 pages.pdf
    TOBY CRABEL - Day Trading With Short Term Price Patterns and Opening Range
    Breakout.pdf
    TOM Williams - THE UNDECLARED SECRETS THAT DRIVE THE STOCK MARKET.pdf
    Tony Oz - How I Make A Living Trading Stocks.pdf
    Trading As A Business-AUTHOR UNKNOWN BY TRADESTATION SECURITIES.pdf
    turtlerules.pdf
    Tushar Chande - Technical Analysis - How To Develop And Imp.pdf
    VAN K THARP - TRADE YOUR WAY TO FINANCIAL FREEDOM.pdf
    VERN C HAYDEN Getting An Investing Game Plan - Creating It Working It Winning It
    (Wiley - 2003).pdf
    VIJAY GUPTA -Financial Analysis Using Excel Brealey Myers - Mcgraw-Hill.pdf
    Warren Boroson - Pick Stocks Like Warren Buffett.pdf
    WD Gann Course.pdf
    WILEY Stock.Trader.Almanac.2005..pdf
    WILLIAM D GANN. - New Stock Trend Detector.pdf
    William A. Rini - Mathematics.Of.The.Securities.Industry.pdf
    WILLIAM D GANN - Unpublished Stock Market Forecasting Courses.pdf
    WILLIAM D Gann - Stock Market Forecasting Courses.pdf
    WILLIAM D GANN Scientific Stock Forecasting.pdf
    William J O'neil - How To Make Money In Stocks.pdf
    William R. Gallacher - The Options Edge Winning The Volatility Game With Options
    On Futures.pdf
    YEN YEE CHONG - Investment Risk Management (Wiley-2004) (pdf).pdf
     
  2. Is that the pirate bay zip?
     
  3. Sure smells like it, doesn't it. But I reckon that this is the one that morse would recommend...

    MARK DOUGLAS - Trading In The Zone.

    I never read a book on trading. I have just gone along, figuring it out as I go. The hard crusty way, not the cheap easy way out with spoilers and CliffsNotes.
     

  4. Only if you don't spend too much of your potential education time pasting overly long lists of books from the web into trading forums. ;)

    For myself, the books that directly helped me to make a living (together with a list of the very common mistakes I think it's essential for aspiring traders to learn to avoid) are listed in this post.

    (Then again, I said something similar to you in this thread over 9 months ago, and I doubt whether it was helpful there, either ... ).
     
  5. (trading) Books are good for squares.

    But if you really want to be a great trader...you have to slightly step off the beaten path and develop your own hunger, and brain, and mind, and intuition, and observations, -- and kind of create a dynamic, hybrid approach, or viewpoint,
    High-Five, Xela`

    You have to be an open, inquisitive, malleable yet stiff person to be a trader. -- If you're not like that...you might as well just work at a store or business.
     
  6. I am surprised Kama Sutra did not make the list.
     
  7. all of those files are literally useless, but you wont get it.
     
  8. ROBERT.D. EDWARDS & JOHN MAGEE - TECHNICAL ANALYSIS OF STOCK TRENDS.pdf
    This one is supposed to be the bible of technical analysis and is the best
     
  9. Far too many for a beginner.

    (As a weak opinion I will add that some on the list seem worse than worthless but time and efficient learning are my themes here).

    Side note: I recommend going through the posts of, and following: Lescor, Dustin, Xela... decide if they are your cup of tea.

    If you know Elite posters to be current winners, especially in your areas of intrest, I would follow them and ask them questions.

    And... as always... if you can find winning traders to talk with (mentors) this would be huge.
     
  10. Anyone interested in this book should read no later than the 6th edition. The reason being that the jerk who got the rights to the book after the original authors died did an excellent job of ruining a good book from the 7th edition on.
     
  11. [​IMG]
     
  12. Nice list Andy_P, especially that title 'Losing at Love'
     
  13. Don’t read books about trading, as they’re all worthless. If someone got it all figured out why the hell would they write a book to make you money. Books were written to get you all to think the same. I suggest find books about political science as that will give you the bigger picture and likely the general direction where it is heading in the medium to long term. Then use your chart reading skill that you obtain by spending a few thousand hours by yourself and not by some book tell you to see, for entry and exit.

    So political science for direction, technical for entry/exit. Good luck.
     
  14. Only book you need to read is the order book, one of the more expensive books out there, can ya anywhere between 10k to 100k in expenses.
     

  15. Not my experience at all: I doubt very much whether I'd be making a living at all without having studied them.



    Glad my doctor and lawyer didn't believe that, when they were learning their trades ...
     
  16. Comparing apples to oranges and think it is the same? What you think all of the world multimillionaires and billionaires read trading books to get to where they are?

    You can be making chump change for the rest of your life and if that’s what makes you happy then more power to you. You ever thought about completing a higher education and then from there perhaps sparked an idea, run a company?

    Seriously, a guy started out selling dumb books online is now the richest man in the world. Some idiot laying on the couch watching movies, then one day thought about sending a DVD via the mail to himself to see if that stupid idea can turn into a business and started the biggest online streaming multimedia company in the world.

    If you don't see how most wealthy families invest then let me give you a clue. They observe geo political stance and take up positions for weeks and months and years, then they also run their business and enjoy their wonderful lives. Not studying some dumb moving averages and indicators and shit, and looking at the screen like numb nut 24/7 to make a living, that’s just CHUMP change. Agree or disagree?
     
  17. why so expensive? can't you read the free level 1-2 on IB
     
  18. I'm talking about the money that you lose is tuition expense for learning how to actually trade.
     
  19. Appreciate the insight into the lives of the "world multimillionaires and billionaires" :D:rolleyes:
     


  20. literally only book you need to read, most other info is a matter of opinion and experience.
     

  21. No; I don't think it's the same.

    Nor did I say it's the same. Nor did I say anything like that. Nor did I imply that. I simply mentioned that I myself probably wouldn't be making a living without having read some trading books. And I'm still saying that, because it's still true.

    I'm surprised that pointing that out apparently incurred such wrath and forceful language.

    However, now that the insulting, attacking language and name-calling have been removed from your post above - I don't know whether that was by you or by a moderator - I've decided to reply anyway (for what it's worth, if anything).



    As a response to my observation about the great value to me of having studied some accredited textbooks, that isn't comparing apples with oranges: it's comparing apples with violin sonatas.

    I'm well aware that there are some comparatively undereducated and comparatively illiterate multimillionaires and billionaires. My perspective on that subject is that they're a small and extreme minority; indeed that it's partly because they're such a small and extreme minority that we've all heard of them and know something of their backgrounds. In other words, there's also some significant selection-bias and survivorship-bias at play behind your perfectly valid observation.



    Thanks, but I already have a PhD and - strangely enough - it was partly on the basis of already having run an independent trading business successfully that I became an institutional trader, when eventually offered a deal one simply "couldn't decline".



    Thanks again, but I may have a little more of a clue than you appreciated.

    And if you think the fact that I happen to be young and female means you can freely insult me, and/or win anyone over to your perspective with a personal attack, you might be well advised to think again.



    On that last point, as it happens, I pretty firmly agree with you, and have thought that for years (though I usually don't express it in quite those terms, myself). I don't understand why anyone might associate any of that "shit" with anything I said, above, but maybe you just took a guess about who you were replying to, and guessed very, very wrong?

    Never mind ... welcome to the forum, anyway. I may be mistaken, but I suspect that perhaps making fewer assumptions about the people with whom you interact here than you've demonstrated on this occasion might, in the long run, work both to your own advantage and to that of other members. ;)
     
  22. Lesser minds should not mess with Zela, those with class wouldn't consider it.
     
  23. A bit like plane crashes in that respect, so rare and so extreme you hear of every one as they happen.
     
  24. When it comes to trading its best to stay away from trading books. Open up a Demo account and mess with techi stuff that you get with the charting software. Let your eyes see what works and what doesn't.
     

  25. How do you know what to look for without reading a book (or other, equivalent informational source) first?

    (It's only my own perspective, but it seems to me that sometimes the difference between people who've really had three years' experience and those who've had something more like a month's experience repeated 36 times over is that the people in the first group had read a book or two before they started.)
     
  26. Best to look at a map before you set out.
     
  27. There's also something to be said for getting lost and finding your way. You learn a lot about the lay of the land that way. My experience with that is actually real maps and visiting new places--there's nothing quite so enriching as being in a foreign country where you don't speak the language and getting lost to sharpen your navigation skills. To some extent, my trading experience has been the same. Having losses 3x your commissions seems really scary when you're lost there the first time--but any seasoned trader has already taken that one to its conclusion that it's actually a really good place to be in.
     
  28. I don't disagree. I tour a new city by just setting out and walking but I do keep a map in my back pocket. I have also learned how to trade by watching price development over many hours but books accelerated the process by teaching me the vernacular...and there is nothing wrong with noting the observations of smart, experienced people.
     

  29. It’s like going back to 1565; an indefatigable spirit.

    Saw the full post by “The Lout” and simply put him on ignore.

    The low post, zero likes, seem to be the earmarks of the troll. Useful to know. A lot of them seem to have sprung from the earth as of late.

    Also seeing the 100+ posters that are telling flat out lies, but that is something else.

    In real life it is so different. Imagine a group of ladies and gentlemen in a restaurant, enjoying a meal, and having a discussion about trading; or in my case, a somewhat rowdy small town bar. A lout approaches and hurls an insult at one of the ladies. The result is predictable, obvious, and violent. In fact it is so predictable no one in their right mind would offer such an offence, in real life.

    But with the anonymity of the internet the misogynist can feed his mental imbalances. The fool can spout his gibberish and feel good inside; satisfying those needs that his mother could not.

    Oddly enough, @Xela ’s premise on educational texts (one that I agree with) could be refuted. But it would be the premise under attack not the person (the classic ad hominem).

    Perhaps the lout could have pointed to truly successful, and well known traders, such as Paul Tudor Jones. He could have pointed out that Mr. Jones learned his craft trading cotton futures and the tutelage of Eli Tullis, not a text.

    Richard Dennis one of the founders of the Turtle traders, started in the Chicago pits and turned $1,600 into $200 million. Same with his partner in the Turtles; William Eckhardt. Although Eckhardt did have advanced degrees in mathmatics and left his PhD program to trade the pits. I guess he had a bit of “book learning”.

    I could go on with another dozen or so examples where traders emanated from the old open out cry pits in Chicago. A by-gone era, but one that generated a significant number of outstanding traders. All from an apprenticeship style approach; an instructor and daily work in the endeavour.

    It could have been a reasoned response, it could have created further discussion, it could have helped others reading this discussion at some point in the future.

    It of course could be countered with other examples of traders that came from an academic background. I’ll offer James Simons and Ed Thorp as two quick examples.

    Then it could be pointed out that both these cohorts miss the point of the average retail trader. How do they advance? Especially when they are prey. Little baby gazelles trying to learn how to trade while the jackals and hyenas (brokers and educators) steal their money. The published, peer reviewed text would seem to offer some recourse. Ah, full circle without insult.

    But louts, by definition, are ignorant, selfish creatures, with little understanding of anything outside their own skin.

    I hope it was the moderator that made the deletions. Better that the board take care of such matters, rather than relying on the conscience of the lout.
     
  30. Look jackass... if we could see who you are I bet we would find an insecure, not wealthy (tho he wishes he were), losing trader who likes to pontificate about things he does not understand well.

    Yes, yes, yes!!!

    Never try to learn from smart people who have put their ideas in a book.


    And since you are on a trading forum, I commend you for belittling trading in general and insulting Xela, a winning trader who shares her knowledge.

    Very smart to start leveling an unprovoked personal attacks within your first 10 posts.

    Brilliant to suggest Xela complete a higher education. How many PhD's would you like her to have!?

    Part of the success of the billionaire-trader founders of Sesqhanna can be traced to something one of them read. Part of the success of a group of blackjack players who collectively have made a few billion betting horses in Hong Kong can be traced to something one of them read.

    Not all successful people read a lot but most do, as Buffett has pointed out. Dalio, Thorp, Simmons are all prodigious readers.

    Who are you and why are you here?
     
  31. [QUOTE="RiggedMkt, post: 4532436, member: 501648"Then use your chart reading skill that you obtain by spending a few thousand hours by yourself and not by some book tell you to see, for entry and exit.[/QUOTE]


    Be in relationships.

    Big winners normally attribute part of their success to having surrounded themselves with teachers, mentors, friends; even reading the ideas of smart people.

    Few lock themselves away alone for a few thousand hours doing anything.

    "When seeking to be the best, seek the wisdom of more than one master," AnnaMarie Demars, World judo champion.
     
  32. Traders of the New Era

    Deals with trading in a high frequency world as well as addresses some of the rule changes affecting traders.



    I especially enjoyed chapters 6 and 12- equity traders Dennis Dick and Bot Destroyer.

    Getting good fills is a key topic that comes up over and over and over. The who, what, when, where and why of this is critical.

    The inability of sim-traders and back testers to get good fills is often a killer. Things have really changed here over the last 15 years.
    ____

    Also, equity day traders can't go wrong reading through the posts of Dustin and Lescor.
     

  33. That's one hell of an intro to ET. I like it! :D:D:D
     
  34. You don't learn to trade reading books.

    The problem here is that with no experience, how do you evaluate whether the ideas in the book have any merit?
     
  35. Books have helped many trades who went on to make many, many millions.

    Many years ago, Options As A Strategic Investment helped one group I know of make a fortune- a literal kings ransom. Programing books have helped others. Poster Xela credits a number of books as having helped her.

    There are many ways to check out if a book might be right for you.

    Sometimes you can even ask knowledgeable people if they can recommend books.
     

  36. Not "just" from reading books, for sure.

    But I'd contend that most people who become successful at it don't learn without some of that, either.



    I think mostly by relying (rightly or wrongly) on the strength of recommendations from people you trust - and, for some people, doubtless, relying on the strength of recommendations from random strangers in a forum and/or random reviewers at Amazon.
     
  37. No, you certainly can learn how to analyze and trade from some books. Unfortunately most are attracted to books that promise the reader instant fortunes, and are basically worthless. However there are books that can be of great value to the learner. But then again, such books require hard work to master the contents, which few, very few are willing to undertake.
     
  38. I did not mean to be harsh in my reply. There is, I think, a worthwhile caveat behind you post:

    Reading and trusting the wrong material can be a killer.

    Experience does help!

    Hooking up with the right people helps!

    And other things are needed to be a winning trader than simply the ability to read a good book.

    However, many big, big winning traders have said they have indeed been helped by reading books.
     
  39. In addition to what Xela so correctly stated, I think that if you are lucky enough to find and read a good book or two early on in your trading education, it will be very easy from then on to determine at a glance which other books are worthwhile reading.
     
  40. How do you feel about trading forums?

    (Kidding)
     
  41. out of the box:
     
  42. I would not waste any time reading any book at all, if not to get just the basics like how a candle is designed, what is the definition of support and resistance, all the rest is pretty much useless as anything of real value to make money trading is not and will never be in any book.
     
  43. "Oh, the Places You'll Go" by Dr. Suess. Recently returned to the first lady by a cranky librarian in my former home state of Mass. Really part of my story, as I started out to make money and somehow got an education that I never would have anywhere else.
     
  44. About the same as books, LOL!

    I have yet to meet a successful trader whose path was: books, trade what you learned from books, achieve profitability.

    I was a futures floor trader. No one taught you anything. Why should they?

    You learned to trade (if you didn't blow out first, and most did) by standing there every single day, and trying, through observation, to figure it out. Not by reading books, not by backtesting, and not by anonymous fora (which mostly didn't exist then).
     
  45. Being around winners and gaining experience indeed has great value. Absolutely!

    However:

    Since there are wealthy traders, investors and gamblers who credit things like reading and backtesting as having helped them, I will disagree with your blanket statement in these areas.

    Renaissance Technologies has made billions and they backtest continually as do some mom and pop winners.

    Since one very successful trader learned to make money with NYSE Opening Orders by reading an old thread in this area, I will disagree with your forum mention as a blanket statement. His edge lasted many years. Others have credited forums as having helped them.

    But yes... absolutely.. there have been winning traders who did not backtest, read books or read forums.

    Though I suspect that totally lone wolves sitting alone with a computer and a trading account will find things extra-rough, or rougher than need be.
    ____

    Yes, yes, yes... if one can be the Sorcerer's Apprentice, go for it!

    Being around winners and obtaining lots of experience has great value.
     
  46. Read common trading books if you want to be very good at being average and then later on in life take up a career as a primary school teacher. If you want to be the best you need to adopt an Einstein approach and develop your thinking and theoretical abilities, none of which any books will teach you.
     
  47. Trading in the pits and trading technically behind a computer are different things. Many guys came out of the pits are were lost behind a computer. I've been trading technically for 18 years and I guarantee you if you put me in a commodity pit, I would be lost. Can one learn how to trade by reading a few books or attending some seminars, of course not but they can help along the way. Most of my education came from observing price discovery over many many hours and then getting my nose bloodied by taking trades and learning from mistakes in either observation or execution. It takes more than a little common sense to trade for a living, the kind of common sense it takes to sniff out a charlatan with a book or a get rich quick scheme.
     


  48. I notice the quote on your profile information page is a quote from the author of a well regarded book on traders and trading.

    Do you suppliment your learning with reading?
     
  49. Imagination is more important than knowledge. Knowledge is limited; imagination encircles the world.”~Albert Einstein
     
  50. Wow. You would think that a site dedicated to people making their own way in the financial markets would encourage sourcing knowledge from everywhere. Warren buffet credits much of his success to the fact he reads many books a year. many other quite successful people are known to be avid readers. Most of the.

    You cannot lose when you open a book. Ignorance is the enemy of a trader and thing about ignorance is that if you are ignorant, you will never know it.
     
  51. “The man who does not read has no advantage over the man who cannot read.”
    ― Mark Twain
     
  52. Ok ok ok

    No one should read

    Everyone is a poser

    Certainly don't listen to knowledgeable posters

    Everyone stop reading right now

    Just stop it

    No more reading, anyone
     
  53. I would add Ed Seykota's Trading Tribe, and his website, especially the FAQ's.
     
  54. I don't remember what all I read... I do remember I enjoyed the story books... Stock Market Wizards, Market Wizards, etc.
    Also I recommend the series by Adrienne Laris Toghraie, Trading on target. You can know all you wanna know, but if you don't understand your psyche you'll be a great analyst and not a trader
     
  55. I think that with a list of books that long, he might benefit from a link to The Dewey Decimal Classification System. It's a shame that my Google is broken otherwise I'd help. :D