Investment Books to Recommend - please post yours

markos

Well-known member
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My idea here is to recommend up to 6 books that have helped you on your trading journey. This is an open post.

These got me going many moons ago...
I think the 2nd edition was the best for overall mindset:
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This book along with Wyckoff from the 1930's actually fits our QE market today quite well. Both sctockcharts and investopedia have multi page write-ups on Wyckoff's style.
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This one if full of practical advice for Longer Term Investing.
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The 5th would be How I made $2,000,000 in the Stock Market by Nicolas Darvas (of Darvas Box Indicator fame).
 

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My idea here is to recommend up to 6 books that have helped you on your trading journey. This is an open post.

These got me going many moons ago...
I think the 2nd edition was the best for overall mindset:
m4VrN8Q.jpg


gj56foW.jpg


This book along with Wyckoff from the 1930's actually fits our QE market today quite well. Both sctockcharts and investopedia have multi page write-ups on Wyckoff's style.
Lktyy7u.jpg


This one if full of practical advice for Longer Term Investing.
OPDgd3x.jpg


The 5th would be How I made $2,000,000 in the Stock Market by Nicolas Darvas (of Darvas Box Indicator fame).
Thank you @markos ! Never heard of Weinstein. 🙏🤗
 

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imo, Reminiscences of a stock operator is the classic But keep in mind he committed suicide.

Theres lots of self-help books around and folks who re-write history to make themselves bigger than life. Before you buy someone's story, I'd ask is it them or the franchise they work in?

I'd also look at their personal life and see whats happening, if a guy can't keep promises to his family, he certainly isnt telling me, a stranger, any truths..lol...
 
Elder was the first person who explained things clearly IMO. He was to the point and
I finally felt like maybe trading was something I could handle. It's a good beginner's book because it isn't overwhelming.
 
This is one of my favorite person to watch. She loves to teach her strats and is very enthusiastic when she does. I had to have this book. I found it in a book shop upstate for $15! I thought, nah, all the pages must ripped out. Nope!
 
just my observation, but lots of advanced topics being mentioned, has anyone read Marcia Stigum's Money Market?
 
imho, i think its very important traders understand how the market plumbing actually works. I grimace at some of the questions/comments I see.

Back in the day, folks spent 1-3 years working in back office functions to learn how stuff worked before moving to a trading desk.
 
I like to read valuable books. It's one of my favorite things to do. First of all, I learn a lot of helpful information that will come in handy in my life. Secondly, I broaden my horizons. Recently I also started reading books about investing because I began to be interested in this topic. Nowhere will you find as much helpful information as in specialized books. For example, I read books for beginners such as A Random Walk Down Wall Street by Burton Malkiel, How to Speak Money by John Lanchester, and The Intelligent Investor by Benjamin Graham. I advise you to read them because they are written in simple language and only about necessary things. In addition to books, I also use Internet sources. For example, the site humaninvesting.com also contains a lot of helpful information. In general, investing books are an excellent thing. I recommend it to everyone!
 
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Thanks for sharing your recommendation on the "One Second After" series! I haven't read them yet but they sound like a great read. If you're into audiobooks, consider making money on audible. It's a great way to share your own stories and knowledge with others while also making money on Audible. Joywallet has a helpful article, which might be worth checking out if you're interested. And if you're looking for more book recommendations, I highly recommend "Station Eleven" by Emily St. John Mandel. It's a post-apocalyptic novel that's both gripping and beautifully written. Happy reading (or listening)!
 
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Can you recommend something more modern? The world has changed a lot in the last 5 years.
Truth is timeless. It exists outside of time. Look for books and writers that seek this. A more modernised version is only persuasion aka sophistry.
 
Can you recommend something more modern? The world has changed a lot in the last 5 years.
Also remember that the standard indicators / the standard books have herd belief. If everyone believes a theory then the theory becomes true.
 
All those books repeat themselves. There are just some ideas that authors repeat. So I do not think there is a need to read many books about investing. You just have to know the basics of this industry. That's it. A good investor relies on his skills rather than his investment knowledge. Still, this is my opinion, guys, so please do not be negative towards it. By the way, guys, there are platforms like haveyourdollarsmakesense.com, which can give you an investing patter. So you can take that pattern as an example to understand how investing works.
 
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All those books repeat themselves
There are many profitable self-taught investors.
But the statistics don't lie:
80% of all day traders quit within the first two years. Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain.
The number one reason for the majority of day traders not succeeding is lack of knowledge of markets and trading.

Even after trading for over 15 years, I read and re-read the books that I own.
Because... as I have grown as a trader; I can better internalize what the authors were discussing.
And the markets are not at all the same as when we were making easier money in those years of consistent bullish gains. I need to approach the subject matters from a different place.

I have many books that discuss the same subject. No, they don't repeat themselves.
Technical charting has many concepts that are difficult to grasp. Having books that approach similar technical ideas from different perspectives can increase understanding.

Also, there are genius technical analysts, who are difficult to understand.
For instance, I use every indicator ever created by Chande, an amazing mathematician. But sometimes he presents theories at a level that only another genius can understand. So, I have everything Chande has ever written and then I have accumulated books that present those overall concepts on a level that I can understand.
 
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