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:
m4VrN8Q.jpg


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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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MBF

Active member
2019 Donor
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. 🙏🤗
 

codydog

Active member
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...
 

MBF

Active member
2019 Donor
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.
 

MBF

Active member
2019 Donor
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!
 

codydog

Active member
just my observation, but lots of advanced topics being mentioned, has anyone read Marcia Stigum's Money Market?
 

codydog

Active member
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.
 

Jastikur

New member
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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hadserub

New member
Can you recommend something more modern? The world has changed a lot in the last 5 years. Sure, the basics remain the same for any epoche but leverage changes. Especially now, when we step into a meta-universe with cryptocurrencies and the rest of digital goodies. Traditional tangible valuables lose their value as people now invest in NFT stuff. To not miss something perspective, I read a few financial resources, such as https://www.moneyunder30.com/. But I think new-age businessmen can better outline what to expect from 21 century.
 
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drasp

Member
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.
 

MerryDay

Administrative
Staff member
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Lifetime
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.
 

ascasad

New member
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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MerryDay

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Staff member
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Lifetime
All those books repeat themselves
Some trading concepts are difficult to grasp. Having books that approach similar technical ideas from different perspectives can increase understanding.

Also, there are genius technical analysts, for instance I use every indicator ever created by Chande, an amazing mathematician. But sometimes 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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