Over the years people have asked me for resources on books, trading teachers, and trading tools. The following list is by no means all the resources that I would recommend but a small collection of resources you might consider. These resources are either from my own direct experience, or recommendations that were made to me by those whose opinions I trust.
BOOKS
Books for Beginning Traders
Reminiscences of a Stock Operator – Jesse Livermore
Technical Analysis of the Financial Markets – John Murphy
How to Make Money in Stocks – William O’Neil
Trading 101, Trading 102, and Getting Started in Trading – Sunny Harris
Trading for a Living (more advanced) – Alexander Elder
The Trading Game – Ryan Jones
What I Learned Losing a Million Dollars – Jim Paul and Brendan Moynihan
The Art of War – Sun Tzu
The Art of Speculation – Philip Carret
Books on Charting
Technical Analysis and Stock Market Profits – Richard Schabacker
Technical Analysis of Stock Trends – Edwards & Magee
Books on Technical Analysis
Technical Analysis of the Financial Markets – John Murphy
Technical Analysis from A to Z – Steve Achelis
Stock and Commodity Market Trend Trading – John Hill
Scientific Interpretation of Bar Charts – John Hill
How To Make Money In Stocks: A Winning System in Good Times or Bad – William O’Neil
Japanese Candlestick Charting Techniques – Steve Nison
Books on System Development
Breaking the Black Box – Martin Pring
New Concepts in Technical Trading Systems – Welles Wilder
Trading as a Business – Charles Wright
Handbook of Technical Analysis – Darrell Jobman
The Complete Guide to Spread Trading – Keith Schap
Tape Reading and Market Tactics – Humphrey B. Neill
Books on Options
Option Profits / the Naked Truth – Mike Parnos
Options as a Strategic Investment – Larry McMillan
And Other Books that have Valuable Lessons
When Genius Failed – Roger Lowenstein
Dancing With Lions – Trader X
Methods of a Wall Street Master – Victor Sperandeo
Pit Bull – Martin Schwartz
The Nature of Risk – Justin Mamis
How I made 2,000,000 In the Stock Market – Nicolas Davis
You will notice that in this group of books I have not included books about the lives of traders or books on psychology. We will save these books for another time. You can find most of the books that are not out of print at www.TradersPress.com.
TRADING MENTORS AND TEACHERS
Over the course of my career, I have aligned myself with great teachers and traders. Four of the most influential mentors for my best traders on the technical side of trading are listed below. It was not easy to narrow down this resource from the dozens of teachers I have worked with over twenty years. Please note that I have only included a few of the books written by these traders, because there are too many to cite.
To qualify for my narrow recommendation each individual had to be an author, an exceptional teacher and trader, and an all around great guy. Then, to further narrow my selection to the final four, the combined result of their coaching and my own had to produce mega-millionaire traders.
Jake Bernstein – Investors Quotient 2nd Ed, The Complete Day Trader II, Profit in the Futures Markets – www.Trade-futures.com
Greg Capra – Tools and Tactics for the Master Day Trader: Battle-Tested Techniques for Day, Swing, and Position Traders, Intra-Day Trading Tactics Course Book with DVD (co-author Oliver Velez) – www.Pristine.com
Larry Pesavento – Trade What You See: How to Profit from Pattern Recognition, Essentials of Trading: It’s Not What You Think, It’s How You Think (co-author Leslie Jouflas) – www.TradingTutor.com
Joe Ross – Trading by the Book, Trading is a Business, Trading Optures and Futions
www.TradingEducators.com
TOOLS FOR TRADERS
NexTrend LE – This will help you identify, scan and research the best stock charts. (It is now free) – www.NexTrend.com
StockTickr – Trade Performance Analysis – for keeping a journal on your trades, so that you will be able to improve your performance after a periodic review. www.stocktickr.com
MarketClub – Charts that talk can help improve your trading. MarketClub’s newest development to their web based service will tell you exactly what’s going on in any market you are observing or following.
http://www.ino.com/info/334/CD1/&dp=0&l=0&campaignid=3
Adrienne Toghraie, Trader’s Coach
www.TradingOnTarget.com
