Trading books recommendation

[trigger1975]

Thought maybe it's a good idea to collect trading, psychology or related book recommendations for beginners and advanced as well.

I did read all these books (and more) and did chose them for this post as they are not only useful for one type of strategy (indicators vs. price action/technical analysis) – these books match all styles of trading:

• What I Learned Losing a Million Dollars – Jim Paul
• Mastering the Trade, Third Edition – John Carter
• The Disciplined Trader: Developing Winning Attitudes – Mark Douglas
• Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude – Mark Douglas
• Market Wizards, Updated: Interviews with Top Traders – Jack D. Schwager
• Reminiscences of a Stock Operator – Edwin Lefèvre
• The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires – Michael W. Covel
• One Good Trade: Inside the Highly Competitive World of Proprietary Trading – Mike Bellafiore
• The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist – Brett N. Steenbarger
• Trading Beyond the Matrix: The Red Pill for Traders and Investors – Van Tharp
• The Black Swan: The Impact of the Highly Improbable – Nassim Nicholas Taleb
• Stock Market Technique Number One and Number Two – Richard D. Wyckoff (have not read it, yet)

Not specifically about trading but for building good habits and discipline, which are essential for successful trading:

• Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones – James Clear

Books about investing (except the "Intelligent Investor" I haven't read these books by myself but have heard quite a lot of good recommendations for these books):

• The Intelligent Investor – Benjamin Graham
• The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns – John C. Bogle
• Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage – Mary Buffett & David Clark

Indeed also books about Kostolany

Update 2020-04-01: Added Wyckoff and books about investing.

[palle11]

Not specifically about trading but for building good habits and discipline, which are essential for successful trading:

The books you listed are fantastic but this quote is nice to trading. If a trader has no discipline then he will keep making same losing trade mistakes.

Apart from the books, a trader should practice because you need to check your emotions. You don't read all the good research work and assume you can trade. Do your practice and learn.

[Pom_bensin]

Not specifically about trading but for building good habits and discipline, which are essential for successful trading:

The books you listed are fantastic but this quote is nice to trading. If a trader has no discipline then he will keep making same losing trade mistakes.

Apart from the books, a trader should practice because you need to check your emotions. You don't read all the good research work and assume you can trade. Do your practice and learn.

It seems that there is also a need for a combination of reading trading books and also psychology books on trading. I think it can make someone broaden their knowledge in trading and also increase their mental insight when they want to trade. So I think both types of books are suitable in combination for trading and as a guide

[abel1337]

This is a good list of books about trading, I might try reading some on the list.

I can recommend this book "Inside a Traders Mind", This is good for newbies that are starting out and has a really good initiative to continue to study about trading after he/she read the book. This book teaches you what is the key components that experienced traders have and also teaches you what preparation you will need to the road to a successful trading career.

[sheenshane]

There are tons of trading books selling on Amazon and to be honest, the one that I wanted to buy is the book of Mark Douglas, I like this author and his book is worth it to read.

In addition, there's a book of day trading that might be interesting to read too.

• Day Trading For Dummies by Ann C. Logue
• Start Day Trading Now by Michael Sincere

• A beginner's guide to short-term trading by Toni Turner

(more books to find)

The most that I liked is the book of Mark Douglas, The Disciplined Trader.

[Darkelf11]

In reading a single trading book for now because I can't finish yet due to different circumstances but now it's less hassle for me to find more trading books thank you for this information. Not but just reading trading books, articles, pdf files on internet but also I tried to make trading with my bare hands also it's not worth it if you just trade only because what you read it's better if you trade too with your experience so you can come up with a better mindset in trading.

[hd49728]

• Market Wizards, Updated: Interviews with Top Traders – Jack D. Schwager

This is one of the most favorite books I read many times. If you like that book, you would follow the Twitter account of the author: Schwager.

Here is the link to Schwager account on Twitter: https://twitter.com/jackschwager
The Youtube channel, Confessions of a Market Maker has some informative and insightful videos for you[/url] to begin your trading career and sharpen your trading skills.

[hugeblack]

Thank you for sharing these resources, but it would be better if you add quotes about these books, basic information you learned from it. The knowledge you gained from it and the order of its reading (which one to read it first.)

Personally, I think that a person start educated him self about money, stocks and risk management before start investing in cryptocurrencies.
during that time you can buy Bitcoin using DAC strategy.

[trigger1975]

Thank you for sharing these resources, but it would be better if you add quotes about these books, basic information you learned from it. The knowledge you gained from it and the order of its reading (which one to read it first.)

Good idea.  Will add to the post later today.

[death69]

Cant say anything else. Those books are amazing. I have read trading in the zone, and it is one of the best. It teaches us how to become a trader who is consistent with his decision and does not allow emotion to cause us any wrong judgement

Technique only distribute 50% of being a successful trader. There are bad habits you need to get rid of. Thereafter, you will feel that there is nothing on this world can be as easy as a trader. But remember to practice on the market so that you improve both your techniques and your minds.

Well, since I do not have much money to buy many books, this link does help me a lot : https://vn1lib.org/
If you have made money from trading, try to support the authors by buying them

Good luck everyone on your trading career

[Wind_FURY]

OP, add this to your list, “Dying of Money” by Jens O. Parsson, https://www.amazon.com/Dying-Money-Jens-Parsson/dp/1457502666

Free copy, https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf

It’s not actually a “trading book”, but the lessons in that book are currently as relevant today, during the BRRR money-printing days of the COVID -19 pandemic, as the BRRR money-printing days of post World War 1 Germany.

[airdata]

I heard about Trading book on the past but unfortunately  i don’t read this type trading book but i know that it is always helpful for trading.
Actually i see that many people read this type book for better understanding about trading.     

[LUCKMCFLY]

You must see what your focus is, if it is market speculation or investment, in the same way I recommend all the books you can read by Richard Wyckoff, and all the books you find by Jesse Livermore, if you are focused on investing Warren Buffet's books they are the best.

If you want to understand many market facts and how you can help the crypto market, I recommend Malkiel Burton's "A Random Walk on Wall Street", I think with that selection you can have a different approach to the market, and then you can start with technical analysis, indicators, among others, but I recommend that you begin to understand the market, how it moves, what causes it, and those books will help you a lot, in the academies they will never teach you how to understand the market, the books will.

[Wind_FURY]

OP, this is another book that teaches the lessons of the mistakes of Weimar, Germany, https://www.amazon.com/When-Money-Dies-Devaluation-Hyperinflation/dp/1586489941/

“The Dying of Money” only has one chapter about the topic, “When Money Dies” is a whole book about the subject. I cannot emphasize enough how the lessons in these books are very relevant to our current situation with Modern Monetary Theory.

[aysg76]

The list provided by the OP is good and cover most of the topic and give you life saving lessons on how to succeed in market by using you skills and knowledge to the fullest.The "Trading in zone" by Mark Douglas is one of the recommended book for new trades as well as experienced traders in the market. Here are some of the best quotes from that book mentioned below:

Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly.

The expectation that you bring with you in trading is often the greatest obstacle you will encounter.

There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.

In order to succeed, you first have to be willing to experience failure.

[batang_bitcoin]

Thank you for all of those books that you have put into one list. They're really helpful when someone asks to find for what books a newbie trader or someone who's already trading good to read. It's been a long time since I've read some books but in a different topic, I guess I'll find any of these books as reference to read soon. Are there available free PDFs for some of those books?

[fortebettor]

Thought maybe it's a good idea to collect trading, psychology or related book recommendations for beginners and advanced as well.

I did read all these books (and more) and did chose them for this post as they are not only useful for one type of strategy (indicators vs. price action/technical analysis) – these books match all styles of trading:

• What I Learned Losing a Million Dollars – Jim Paul
• Mastering the Trade, Third Edition – John Carter
• The Disciplined Trader: Developing Winning Attitudes – Mark Douglas
• Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude – Mark Douglas
• Market Wizards, Updated: Interviews with Top Traders – Jack D. Schwager
• Reminiscences of a Stock Operator – Edwin Lefèvre
• The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires – Michael W. Covel
• One Good Trade: Inside the Highly Competitive World of Proprietary Trading – Mike Bellafiore
• The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist – Brett N. Steenbarger
• Trading Beyond the Matrix: The Red Pill for Traders and Investors – Van Tharp
• The Black Swan: The Impact of the Highly Improbable – Nassim Nicholas Taleb
• Stock Market Technique Number One and Number Two – Richard D. Wyckoff (have not read it, yet)

Not specifically about trading but for building good habits and discipline, which are essential for successful trading:

• Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones – James Clear

Books about investing (except the "Intelligent Investor" I haven't read these books by myself but have heard quite a lot of good recommendations for these books):

• The Intelligent Investor – Benjamin Graham
• The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns – John C. Bogle
• Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage – Mary Buffett & David Clark

Indeed also books about Kostolany

Update 2020-04-01: Added Wyckoff and books about investing.

Most of these books you have given are not tips but the story of the individual player. Only he did it that way and history does not repeat itself. Everyone has a completely different cycle and a completely different background. There is never the same version of events. Two people doing the same thing but with a delay of 2 months will have completely different results, not to mention after 2-5 years.
 

[trigger1975]

Most of these books you have given are not tips but the story of the individual player. Only he did it that way and history does not repeat itself. Everyone has a completely different cycle and a completely different background. There is never the same version of events. Two people doing the same thing but with a delay of 2 months will have completely different results, not to mention after 2-5 years.

I disagree. Sure they tell their story but the important message is their approach on risk management, discipline, trade planning and the importance of a plan and sticking to it. And that is a universal message a trader needs to learn. The people want to learn strategies from mentoring but too less people want to learn all the other stuff from experienced traders.

And indeed: one needs to incorporate his experience and the lessons learned into this own trading reality. Nobody said something else.

[Kelvinid]

Too many, I mean a lot of books that we could use to be a reference on how to make good decisions and this is not only for trading purposes but this could be useful in every day. We often make decisions every day right?

I can't imagine if this is the only way that as a trader and to become a successful trader will have to read them all, it is really a huge sacrifice for us. But this will be all wasted if we just read but never applies in real life, specifically in trading. We often do mistakes because we don't bother to think more than twice before making a final decision and that what we wanted to change.

[Wind_FURY]

Thank you for all of those books that you have put into one list. They're really helpful when someone asks to find for what books a newbie trader or someone who's already trading good to read. It's been a long time since I've read some books but in a different topic, I guess I'll find any of these books as reference to read soon. Are there available free PDFs for some of those books?

Many of those books in the OP can be downloaded illegally online, if you know where to look. If you want to download them, then make a personal promise to buy the books you downloaded illegally for free once you have made your money from trading.