Your top five daytrading books

Discussion in 'Educational Resources' started by Daal, May 3, 2005.

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  1. Daal


    What top five daytrading books would you recommend to someone?
    So far the only one I liked was Financial freedom through eletronic daytrading, havent found a lot of use on others but I wonder which ones should I get
  2. Trading for a living

    Reminiscences of a Stock Operator

    Pit bull

    Trading in the Zone

    The disciplined Trader
  3. psychology of risk

    reminiscences of a stock operator

    zen in the markets: ocnfessions of a samurai trader

    tape reading and market tactics

    studies in tape reading

    think and grow rich - my bible
  4. Volente's list (except for Pit Bull which I havent read yet)
    All the rest are excellent.
  5. Reminiscences
    Atlas Shrugged
    The Autobiography of Bernard Baruch (Volume 1. ALthough Volume 2 is good, it is not about trading.)
    Trader Vic
    The inner game of tennis
  6. Neodude


    Pit Bull is great. I've read it twice, but just like Livermore's book it is more of an autobiography replete of wisdom, but lacking in technique. Of course this is a good thing because any technique that gets into a book eventually fails, so in the end the only things left that have any value are the writers lessons.

  7. Why does everybody always leave out Alan Farley's "The Master Swing Trader"? After Elder #1, THE best.
  8. Neodude


    Many people are divided about this one, it has a lot of setups, but the language is so boring.
  9. I only have one:

    1) Bible
  10. I only read the first four books, so I cannot comment on the tennis book and its value to intraday trading. However, I must surmise that you have a splendid imagination and sense of humor for including that last item.

    Each of the three market-related books you refer to is decent for different reasons, although the first one is by far the best of your choices. However, I cannot, for the life of me, understand why you would include Atlas Shrugged in your list, unless it is that sense of humor surfacing again. Atlas Shrugged is one of the most overrated pieces of..."literature" that I have ever read. It is nothing more than a pseudo-intellectual diatribe which was a knee-jerk reaction to the growing fascination of a romanticized version of communism in mainstream society at the time it was written. The novel's characters have all the depth of cartoon characters and the writing is tediously repetitive, as though the author had been lecturing to a dim-witted audience. I even read Rand's The Fountainhead, and found more of the same. Here's a thought. Just because the far left is the wrong direction, let us not immediately assume that salvation can only be found in the extreme right. However, in Rand's novels, people only wear either black hats or white hats. Big ones. And all of her sentiments could have been conveyed in a pamphlet rather than a painful 1,074-page book. Although I am sure that Ms. Rand would be tickled to know that her book was nominated as a "top five daytrading book" if she were alive today, even humor has its limits.
    #10     May 3, 2005
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