Top Trading Books (and questions about others)

[pavilion103]

Apart from any VSA/Wyckoff books, I thought that Secrets to Profiting in Bull and Bear Markets - Stan Weinstein was just about the best of the rest I've read.

Does anyone else rate this one highly? I think for someone who is starting out this is a great book.

 

[Porper]

I am ordering come into my trading room today and Unholy Grail (rec. by T/A)

Any other recommendations? Cheers!

1: The Universal Principles of Successful Trading ( Brent Penfold).

2: Adaptive Analysis (Nick Radge)

3: The Investor's Quotient (Bernstein)... ( For the Psychological aspect)...very important.

If you are interested in the "Time" element then Dynamic Trader by Robert Miner...beginners may find it tough going.

 

[Superb Parrot]

Guppy Trading - Daryl Guppy

I found this worthwhile,clear Aussie writing style, he keeps hammering about 'protect your capital', something that should never be neglected.

Does he still appear on CNBC ?

 

[Porper]

Guppy Trading - Daryl Guppy

I found this worthwhile,clear Aussie writing style, he keeps hammering about 'protect your capital', something that should never be neglected.

Does he still appear on CNBC ?

Yep, he still appears on Sky but I am not a great fan of his. That's not to say he isn't good at his job but I personally don't like his writing style.

 

[tinhat]

Just a warning about fishpond.com.au I ordered "Unholy Grails" from them on 18/04/12. Their website says "in stock" and "ships within 24 hours". Yet my order status is "In transit to our local distribution center". So much for saving $1.36. Should have bought from ********************

 

[toocool]

Just a warning about fishpond.com.au I ordered "Unholy Grails" from them on 18/04/12. Their website says "in stock" and "ships within 24 hours". Yet my order status is "In transit to our local distribution center". So much for saving $1.36. Should have bought from ********************

Just be patient mine took a little (ordered 12/4) with other books, they shipped the other books first and unholy grails got here today.

 

[joea]

Just a warning about fishpond.com.au I ordered "Unholy Grails" from them on 18/04/12. Their website says "in stock" and "ships within 24 hours". Yet my order status is "In transit to our local distribution center". So much for saving $1.36. Should have bought from ********************

I also ordered a book from them, after they put the delivery date back 5 times I sent them an email to ask if they were actually in the process of getting it.
The answer they gave me, suggested I cancel and had it in 14 days from USA. HAVE NOT BEEN BACK.
joea

 

[VeryGreen]

Initial books to read::: To trade in the conventional fashion.

Come in to My Trading Room plus the accompanying study guide.
How to Take Profits, cut losses, and Benefit from Price Declines.

Then graduate to ::
Secrets from Profiting in Bull and Bear Markets.

Then to :::Fibonacci Trading, "How to Master the Time and Price Advantage.
Backed up by High Probability Trading Strategies. These two go together.

For investing The Aggressive Investor or the latest book by Colin Nicholson.

If however you intend to trade utilizing just Price and Volume.

Master the Markets, free download.
Charting the Stock Market.. The Wyckoff Method.

1 Then utilize the "ReadTheTicker.com", site go to education for a number of books
etc. to support Price and Volume trading. This site utilizes indicators based on
Wyckoff.

2 Volume Spread Analysis (VSA) is a software package that is dedicated to price and
volume.

These last two books go hand in hand, however the applications 1 & 2 vary markedly.
joea

Thank you very much for separating them into crawl/walk/run.

I was going to start a similar thread but the forums search function saved me from looking like an idiot. It looks like this topic comes up quite a bit. I wanted to know what is a good progression of books to learn about trading. I really have NO IDEA when it comes to this sort of thing and I should have started learning a long time ago. I see people on here who are in their 20's and I wonder what I did with my life lol. I'm only 32 so plenty of time I suppose.

I am going to have a look around for "Come in to My Trading Room" and read it front to back then back to front and try and get a grasp on what I don't know.

Any suggestions on a basic, kindergarten style introduction would be appreciated. I'm talking "see spot trade" kind of mentality but one that graduates rapidly. I'm not a slow learner, just a beginner with no clue.

Love the site, great thread, cant wait to learn this stuff it looks fun!!

 

[joea]

Thank you very much for separating them into crawl/walk/run.

I was going to start a similar thread but the forums search function saved me from looking like an idiot. It looks like this topic comes up quite a bit. I wanted to know what is a good progression of books to learn about trading. I really have NO IDEA when it comes to this sort of thing and I should have started learning a long time ago. I see people on here who are in their 20's and I wonder what I did with my life lol. I'm only 32 so plenty of time I suppose.

I am going to have a look around for "Come in to My Trading Room" and read it front to back then back to front and try and get a grasp on what I don't know.

Any suggestions on a basic, kindergarten style introduction would be appreciated. I'm talking "see spot trade" kind of mentality but one that graduates rapidly. I'm not a slow learner, just a beginner with no clue.

Love the site, great thread, cant wait to learn this stuff it looks fun!!

VeryGreen

There are a number of vary good books suggested in this forum.
IMO you need to read a couple of books and decide how you would like to trade, and then concentrate in that direction.
I always suggest Elder because it helps you protect your money.
You need to learn about "money management", before you trade. I am sure many do it the other way around. After a loss they then learn money management.

Roger Kinsky latest book may help. I have had a little feed back on this. "Shares Made Simple". for the beginner. This gentleman is an academic and has written a few books on engineering. I believe he has three books on share trading. He teaches share trading as a subject I think. I have read the first two.( just remember in share trading you will never stop learning.)
joea

 

[Porper]

Just a warning about fishpond.com.au I ordered "Unholy Grails" from them on 18/04/12. Their website says "in stock" and "ships within 24 hours". Yet my order status is "In transit to our local distribution center". So much for saving $1.36. Should have bought from ********************

I often get my books from Amazon...usually heaps cheaper and still get all the way to little New Zealand within a week. However I definitely wouldn't bother for a measly $1.36. May as well buy it locally.

 

[pavilion103]

If I'm ordering a few books Amazon is a good option because postage won't matter as much.

If I'm ordering just the one then bookdepository.com is my choice.

 

[joea]

I recently purchased "Unholy Grails" by Nick Ridge.
Although I have not completely read it all, It has a strategy section with simulations.
MA is used in conjunction with strategies as a filter(XAOA) All Ordinaries Accumulation Index.

Interesting book. Different to most.
Simulations by AmiBroker, with Tradestation to confirm signals and performance.
Well done!!

Book endorses the principle:::

"Absorb what is useful,
Discard what is not,
Add what is uniquely your own".
Bruce Lee

My comment(after reading 20% and glancing through the book), it will help make me a better trader.
It is one of the books I have read that does not go over the same old stuff about (the complete trading scenario).

But I will always give credit to any book, because there is always something that you can pick up.
It is how you compile these bits together that is the challenge. I am sure this book will shows that.
joea

 

[Boggo]

Yes, no nonsense with Radge, to the point and he walks the walk.

Another book that gets to the point is 'The Market Is Always Right' by Thomas A McCafferty where he deals with the psychology of trading as well as the basics of cutting losses and having a plan to survive.

 

[Porper]

I recently purchased "Unholy Grails" by Nick Ridge.
Although I have not completely read it all, It has a strategy section with simulations.
MA is used in conjunction with strategies as a filter(XAOA) All Ordinaries Accumulation Index.

Interesting book. Different to most.
Simulations by AmiBroker, with Tradestation to confirm signals and performance.
Well done!!

Book endorses the principle:::

"Absorb what is useful,
Discard what is not,
Add what is uniquely your own".
Bruce Lee

My comment(after reading 20% and glancing through the book), it will help make me a better trader.
It is one of the books I have read that does not go over the same old stuff about (the complete trading scenario).

But I will always give credit to any book, because there is always something that you can pick up.
It is how you compile these bits together that is the challenge. I am sure this book will shows that.
joea

For those that haven't read Nick Radge's "Adaptive Analysis" he is offering the first 50 pages as a free download. It is the most pertinent part of the book i.m.o. I can't post the link here but I think it is on his facebook page. It costs $0.99 here:

http://www.amazon.com/Successful-St...&ie=UTF8&qid=1340507002&sr=1-2&keywords=radge

Joea, did you get 2 free weeks to his service when you bought Unholy Grails? He is doing a promotion at the moment, don't know how long for though. If anybody bought the book before the promo I'd send him an email asking for the free trial...sure he'll oblige.

 

[tech/a]

For those that haven't read Nick Radge's "Adaptive Analysis" he is offering the first 50 pages as a free download. It is the most pertinent part of the book i.m.o. I can't post the link here but I think it is on his facebook page. It costs $0.99 here:

http://www.amazon.com/Successful-St...&ie=UTF8&qid=1340507002&sr=1-2&keywords=radge

Joea, did you get 2 free weeks to his service when you bought Unholy Grails? He is doing a promotion at the moment, don't know how long for though. If anybody bought the book before the promo I'd send him an email asking for the free trial...sure he'll oblige.

+1

Ive been a paying service member for many years.
Ive found watching Nick manage his portfolio's
in both good and bad times worth more than any book.
Been a massive influence on my own trade management.

Food for thought.

 

[Porper]

+1

Ive been a paying service member for many years.
Ive found watching Nick manage his portfolio's
in both good and bad times worth more than any book.
Been a massive influence on my own trade management.

Food for thought.

Yes, there is nothing like watching an expert manage their positions during the more difficult times - like now. In a bull market it isn't quite as crucial as most will make a profit...though they will give it all back and more when the tide changes.

Of course somebody with good trade management skills will make greater profits but at the end of the day we can only control the amount we lose (within reason). We cannot control how much we win despite what most believe.

 

[wayneL]

For those that haven't read Nick Radge's "Adaptive Analysis" he is offering the first 50 pages as a free download. It is the most pertinent part of the book i.m.o. I can't post the link here but I think it is on his facebook page. It costs $0.99 here:

Yeah it's a good passage that. I'd keep that bit and throw the rest of the book away.

Just my opinion.

 

[joea]

Joea, did you get 2 free weeks to his service when you bought Unholy Grails? He is doing a promotion at the moment, don't know how long for though. If anybody bought the book before the promo I'd send him an email asking for the free trial...sure he'll oblige.

Yes got that. Book was signed.
Had a chat to Trish, via email..
Nice to do business with.
joea

 

[havaiana]

Currently re-reading the only book that i rate at the "Reminiscences of a Stock Operator" level. I've read so many trading books, nearly all rubbish had forgotten how awesome this one was:

Inside the House of Money, Revised and Updated: Top Hedge Fund Traders on Profiting in the Global Markets

http://www.amazon.com/books/dp/047037909X

It's a bit like Market wizards except the interviews are a lot more in depth and better stories. Some of the guys literally list exactly what their edges are, why they exist and give examples of how they have trade them.

Although it concentrates on global macro, it's got info to benefit all types of traders/investors in all asset classes in my opinion. Get on it, you wont be disappointed

 

[Shaker]

Hi

Yesterday I received 2 books from The Chartist

Adaptive Analysis - Just started reading
Unholy Grails - next

Other books I have from the past are

Trade your way to Financial Freedom by Van Tharp
Trading for a Living by Alexander Elder
Charting the Stock Market edited by Jack Hutson
Technical Analysis from A to Z by Steven Achelis
Market Wizards
The New Market Wizards
Schwager on Futures all 3 books by Jack Schwager

Does anyone have any easy to read books or websites on Elliot Wave or Fibonacci

Regards
Shaker