My Favorite Trading Books

Trading BooksEstimated Reading Time: 3 minutes

I often receive emails asking me to recommend some trading books.

Over the years, I have bought dozens of trading books, and here are
my 5 favorite books:

Reminiscences of a Stock Operator

One of my favorite trading books. This is the story of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century.

Easy to read, yet full of priceless tips for traders, e.g.

  1. Learn how to lose
  2. Learn to take a small loss early
  3. Don’t try to play the market all the time. It can’t be done, too tough on the emotions

… and many more. A must read for every trader!

The Disciplined Trader: Developing Winning Attitudes

One of the first best trading books to address the psychological nature of how traders think. If you have been trading for a while then you know that there’s more to trading than just having a day trading strategy!

My tip: You will get more out of this book if you are already trading, because then you will know exactly what Mark is talking about.

If you are new to trading, read it, but then read it again after you placed your first 50 trades!

Market Wizards: Interviews With Top Traders

Jack Schwager interviews 19 Top Traders, and the content is as relevant in 2013 as it was years ago when he conducted the interviews. Each interview is around 20 pages, so it’s easy to read.

Whether you are new to trading or an experienced trader, and whether you are trading a six or seven figure account or trade one lot, you will find practical tips that you can use in your trading right away.

I don’t know how many times I’ve read this book, and I still get something out of it every time I pick it up again

The Trading Game: Playing by the Numbers to Make Millions

Money Management is an extremely important aspect of online day trading, yet overlooked by many traders. Even if you just start to trade, you need to know about the power of money management.

I keep stressing: “Without proper money management you can lose money despite having a profitable trading strategy!”

In this book Ryan Jones explains “Fixed Ratio Money Management” – the technique that I personally use in my trading.

Tip: Skip chapter 13 and 14. In these chapters he is describing a trading strategy, and it’s not good. Trust me!

Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading SetupsThis book will give you specific trade setups. And it doesn’t matter whether you are day trading or swing trading. It doesn’t matter whether you are trading stocks, options or futures.Here’s what you’ll get from this book:

  • How to trade gaps
  • How to use Pivot Points in your trading
  • How to use $TICK to determine entries and exits
  • How to trade “the squeeze
  • … and much more

I have traded with John many times, and I’m sure you’ll enjoy his trading style and techniques.

My tip: Put these books on your Amazon wish list, and the next time somebody asks you “What would you like for your birthday?” – simply have them buy one of these books for you.

What are YOUR favorite trading books? – Leave a comment below!

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  1. I’m interested in buying the Day Trading Book that you offered as a free download.
    if this is possible ,let me know how can I do it

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