What stock market books should I read?

potato said:

Hey guys what about books on money mangement, whats books are good on that subject?

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IMO Best book on this subject is Trade your way to Financial Freedom by Van K Tharp.....

Chorlton said:

IMO Best book on this subject is Trade your way to Financial Freedom by Van K Tharp.....

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I have to agree here.

Books to read

Hi all I'm new to this. I'm want to get a few books (~3-5 to read). I browsed through the forum and came down to the below list. What do you guys think?

1. Charting the Stock Market.. The Wyckoff Method.
2. Building a Profitable Trading Plan using T/A' by Nick Radge
3. Reminiscences of a stock operator by Edwin lefevre
4. Stan Weinstein's 'Secrets for Profiting in Bull and Bear Markets'.
5. "Adaptive Analysis" as well by Nick Radge
6. "Unholy Grails" by Nick Radge

Other ones on my listing:
Guppy Trading - Daryl Guppy
Nicolas Darvas – “How I Made $2,000,000 In The Stock Market”

I also understand that these might be a little outdated? Are there any must read ones you guys recommend?

Cheers

Hi Jason

I have read most of those books and they are all very good sources of information. I have a few suggestions for you though.

1. If you join Auidable you get a free audio book in your first month. I have Reminiscences of a stock operator on Auidable and it is a great book but might not be what you are looking for if you are very new to the markets.

2. If you sign up to Nick Radge's web site "The Chartist" for the 2 week trial you get access to a lot of information but he also sends you a copy of Unholy Grails as well. I read this book in my early days in trading and found it hard to comprehend. I am currently reading it a second time and understand it far more now and am enjoying it a great deal.

3. Trading for a living by Dr Alexander Elder is a fantastic book to introduce you to the market. He explains a lot of fundamental topics in there. It is also on Auidable and a great source of information, especially on risk management.

4. There are many great sources of information on these forums. You have found a great place to start your journy.

Good luck and I hope you have fun learning this great trade

Re: Books to read

jasonlau924 said:

I browsed through the forum and came down to the below list. What do you guys think?

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They are all pretty much charting-centric. I'd encourage you, myself or anyone to read a little more broadly than that.
Don't worry about outdated - many of us, myself included, often don't read old stuff enough; favouring the latest and greatest. That's a mistake.

Re: Books to read

systematic said:

They are all pretty much charting-centric. I'd encourage you, myself or anyone to read a little more broadly than that.
Don't worry about outdated - many of us, myself included, often don't read old stuff enough; favouring the latest and greatest. That's a mistake.

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Thanks all for the advice.

In terms of reading more broadly than that, do you have any top books in mind?

I have added the following onto my list "Trading for a living by Dr Alexander Elder"

Re: Books to read

jasonlau924 said:

Thanks all for the advice.

In terms of reading more broadly than that, do you have any top books in mind?

I have added the following onto my list "Trading for a living by Dr Alexander Elder"

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When I started out at an early age (reading, not investing - I had no money to invest!)...I read everything I could get at the library and then went on from there. I read about fundamentals, technicals, charts, accounting, asset allocation, derivatives, growth, value, trends, waves, day trading, investing etc.
Now, doing that won't give you the answer you are looking for (not you personally, but anyone - if they approach it like that, which I probably did). What it will do is simply expand your mind on the topic.

What I eventually did, as most do, is settle on their little corner of the investing/trading world...and I pretty much stick to just that now. That's where depth rather than breadth comes in. But I think that breadth is important to start with. It's probably still important later on, for that matter - to a degree...

If I had to give you one book that wasn't charting-centric (since you've already got that covered), I'd probably say David Dreman's classic, Contrarian Investment Strategies (The Next Generation). It will give you a beginner's intro to behavioural finance and thinking about investing from an edge / quantitative side. It will also show you that there's more out there than charts with lines drawn on them.

But don't just read that one - start at the library and read them all! I read about options strategies when I must have still been a teenager and didn't have more than a couple of dollars to my name!