What is the best book you've read about investing in the stock market?

[Cyber Man]

Reminiscences of a Stock Operator - by Edwin Lef́aevre

 

[lakemac]

Enhancing Trader Performance - Brett Steenbarger

Very very very dangerous book.
This guy is a psychiatrist and I warn you he will get into your mind faster than an axe wielding psychopath on steroids.

Within two days of reading this book I had to solve several long standing personal issues that cost me $40k before I could even consider resuming trading.

As a result of reading this book you may even want to give up trading entirely. The book has that effect. On the other hand you may work out that yes you are a trader and want to learn how to become the Lance Armstrong or Boris Beckham of trading. This book will show you how.

By the way you will need to buy/rent/borrow a copy of the Karate Kid DVD and watch the "wax on, wax off" scene after reading some of this book. You will see why after you get past page 80.

This book is all about your mindset. Anyone who has traded for a while and lost all their capital because of their psychology will want to - no change that - MUST get this book. It takes off where Mark Douglas's books (The Disciplined Trader and Trading in the Zone) leave off.

It is a book of action. A book of how to. A book that will change your life - either as a trader or maybe not as a trader.

Good luck reading it...

 

[BlingBling]

Hi,
Market Wise

A book by Brian McNiven

Brian McNiven’s latest book is a must-have reference for anyone interested in managing their own investments. Based on the philosophies of Warren Buffet, Market Wise explains how to ascertain the value of stocks and shares and identify their investment value. A bonus CD-ROM also offers a practical explanation of Brian’s own valuation philosophy.
annalivia

How does this book rate compared with Buffetology? I'm interested in grabbing a copy but I don't really want to go over stuff I already know..

Cheers

 

[>Apocalypto<]

Technical Analysis of the Financial Markets - John J. Murphy

Great book!

Has done wonders for my trading. It is a guide to most technical chart studies and gives you a good picture of how they work. includes Elliot Wave, time cycles, Gann, Market profile, Fibb, chart basics, great money management chapter and plan + lots more.

It will really show an array of different approaches and then you can decide on which fits/suits you.

Very happy one of the best 120 bucks I have ever spent.

Before you think it no I don't work for him!

Strongly recommend it.

 

[tech/a]

There are many aspects to study in the Business of Stock and Commodity trading.
I dont think any one book en compasses all.

 

[>Apocalypto<]

There are many aspects to study in the Business of Stock and Commodity trading.
I dont think any one book en compasses all.

What r u trying to say Tech?

if that is directed to me have you read the table of contents?

 

[tech/a]

What r u trying to say Tech?

if that is directed to me have you read the table of contents?

Not directed at anyone.
Just a statement.

 

[greggy]

Not directed at anyone.
Just a statement.

Hi tech/a,

For the newbies out there are there any books out there that you would suggest for them to gain a basic understanding of how charting works as you seem to know your stuff pretty well.
Thanks.

 

[tech/a]

Greggy.
There are many aspects to charting.
So in itself you could study a broad range of technical techniques.You could become a specialist in one or a few.
As for charting after 12 yrs the best "Types" of charting in MY view (After studying and discarding others) are.

Steidelmayer---Market Profile---Mind over Markets by Dalton.
Elliot Wave Analysis.----Dynamic Trading by Robert Miner.
Volume Spread analysis---Anything by Wykoff (Always have trouble spelling his name).

Money Management-----The Trading Game Ryan Jones.
Systems testing-----Designing and testing Technical Systems---Perry Kaufmann---The bible!!


Software.
Amibroker coupled with Tradesim (I use metastock).
Tradeguider.
Advanced Get or similar if into Elliot.

 

[greggy]

Greggy.
There are many aspects to charting.
So in itself you could study a broad range of technical techniques.You could become a specialist in one or a few.
As for charting after 12 yrs the best "Types" of charting in MY view (After studying and discarding others) are.

Steidelmayer---Market Profile---Mind over Markets by Dalton.
Elliot Wave Analysis.----Dynamic Trading by Robert Miner.
Volume Spread analysis---Anything by Wykoff (Always have trouble spelling his name).

Money Management-----The Trading Game Ryan Jones.
Systems testing-----Designing and testing Technical Systems---Perry Kaufmann---The bible!!


Software.
Amibroker coupled with Tradesim (I use metastock).
Tradeguider.
Advanced Get or similar if into Elliot.

Hi Tech/a,

Thanks for the info. You're no doubt one of the best chartists going around. You should write a book. I'll be your first buyer.

 

[tech/a]

Greggy.

I'm not interested in writting anything. Thanks anyway.
Happy to plug along and help out here and Reefcap.

Got better things to do and sick of the grief from those who see genuine attempts to point people in a no nonsense manner in the "my idea of the right direction" as some sort of chest beating and desire for guru status.

Nothing is further from the truth.

 

[Broadside]

Rogue Trader by Nick Leeson is quite enlightening about how at times we delude ourselves and dig a deeper hole for ourselves by going against the market. There is a time for that but I bet many of us have been guilty at one time or another of rationalising to ourselves sticking to a bad trade and even averaging down further and further till there is no way back.

 

[CanOz]

Rogue Trader by Nick Leeson is quite enlightening about how at times we delude ourselves and dig a deeper hole for ourselves by going against the market. There is a time for that but I bet many of us have been guilty at one time or another of rationalising to ourselves sticking to a bad trade and even averaging down further and further till there is no way back.

I've never ageraged down but i've been guilty of counter trend trading...no more though.

Cheers,

 

[It's Snake Pliskin]

Hi Tech/a,

Thanks for the info. You're no doubt one of the best chartists going around. You should write a book. I'll be your first buyer.

Greggy,

Some of the concepts have only been discovered by your reverred future book writer - notably Wyckoff.

But yes his charting examples are of value.
Tech,
You mentioned courses in your other post. What courses have you finished in regards to EW?

 

[tech/a]

Snake.

Years ago I did the Elliot wave online course (8 yrs ago).
I'm working my way though an E/W bootcamp currently (I have purchased).
I'm a member of Nicks chartist.
Other than that self taught in application but looking at and becoming familiar with Gets In house methods.
As you know there are many ways to implement these and other methods into a trading methodology.

 

[It's Snake Pliskin]

Snake.

Years ago I did the Elliot wave online course (8 yrs ago).
I'm working my way though an E/W bootcamp currently (I have purchased).
I'm a member of Nicks chartist.
Other than that self taught in application but looking at and becoming familiar with Gets In house methods.
As you know there are many ways to implement these and other methods into a trading methodology.

Tech,

Bootcamp? Can you explain more about it?

the chartist; What is Nicks EW return like?

Yes I have a mixture of everything. Some still working on and some totally beginner at, and some proficient at.

I am definately an EW beginner and struggling to feel it with confidence. I ask too many questions to myself which I see as limitations to the method. If it doesn't hit me as SIMPLE but LOGICAL it may be voodoo. But early days and too early to judge it solely.

 

[tech/a]

Bootcamp is the American version of an intensive training course.
This is more directed towards Application of AGet than Elliot Wave analysis itself.

Nicks returns are Around 25% for one off the top of my head and much more for the more Volitile portfolio.
Nick may read this and comment.If not I'll see if he can by emailing him with a direct request.

Elliot once it sinks In is really very simple from a basics view.
Sure you can become quite complex in corrective move analysis but to be profitable applying Elliot I really dont think that complexity is required.

While I'm no expert I have enough confidence in application of what I do know to trade with it. Its very possible as has been seen by those using it to have different counts.
The Thread on maybe this isnt the top shows this.
Wave,Moggie and Radge all had valid counts just as my alternative count was valid---until any or all are proven invalid.
mine just still happens to be valid---doesnt mean other were wrong.

We could start a novice E/W thread for discussion and examples and perhaps a few including yourself may join in.

If interested start one and I'll help where I can. I'm sure I'll learn as much as the next guy!

 

[It's Snake Pliskin]

Bootcamp is the American version of an intensive training course.
This is more directed towards Application of AGet than Elliot Wave analysis itself.

Nicks returns are Around 25% for one off the top of my head and much more for the more Volitile portfolio.
Nick may read this and comment.If not I'll see if he can by emailing him with a direct request.

Elliot once it sinks In is really very simple from a basics view.
Sure you can become quite complex in corrective move analysis but to be profitable applying Elliot I really dont think that complexity is required.

While I'm no expert I have enough confidence in application of what I do know to trade with it. Its very possible as has been seen by those using it to have different counts.
The Thread on maybe this isnt the top shows this.
Wave,Moggie and Radge all had valid counts just as my alternative count was valid---until any or all are proven invalid.
mine just still happens to be valid---doesnt mean other were wrong.

We could start a novice E/W thread for discussion and examples and perhaps a few including yourself may join in.

If interested start one and I'll help where I can. I'm sure I'll learn as much as the next guy!

Ok thanks.
There seems to be enough interested in EW that is for sure.

 

[CanOz]

Bootcamp is the American version of an intensive training course.
This is more directed towards Application of AGet than Elliot Wave analysis itself.

Nicks returns are Around 25% for one off the top of my head and much more for the more Volitile portfolio.
Nick may read this and comment.If not I'll see if he can by emailing him with a direct request.

Elliot once it sinks In is really very simple from a basics view.
Sure you can become quite complex in corrective move analysis but to be profitable applying Elliot I really dont think that complexity is required.

While I'm no expert I have enough confidence in application of what I do know to trade with it. Its very possible as has been seen by those using it to have different counts.
The Thread on maybe this isnt the top shows this.
Wave,Moggie and Radge all had valid counts just as my alternative count was valid---until any or all are proven invalid.
mine just still happens to be valid---doesnt mean other were wrong.

We could start a novice E/W thread for discussion and examples and perhaps a few including yourself may join in.

If interested start one and I'll help where I can. I'm sure I'll learn as much as the next guy!

I'll sure be following any EW thread with great interest. Passively though.

Cheers,

 

[sptrawler]

The best book i read was, Austin Donnelly ' sensible share investing' if you read his tips at the end of the book.
You would have saved yourself some grief.

http://www.smh.com.au/news/obituari...small-investors/2007/09/05/1188783315224.html

A really nice guy.IMO RIP