Showing posts with label day trading books. Show all posts
Showing posts with label day trading books. Show all posts

Friday, December 29, 2017

Best day trading books to read

A professional day trader will keep learning and read day trading books. Therefore, we should learn from them.

I think you probably have read a lot of best seller day trading books on amazon. For instance:
  1. Day trading for dummies by Ann C. Logue
  2. How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz 
  3. A Beginner's Guide to Day Trading Online by Toni Turner
  4. Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups by John F. Carter
  5. The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex by Markus Heitkoetter
So today I will recommend you more best day trading books to read? 

First, Pit Bull: Lessons from Wall Street's Champion Day Trader by Martin Schwartz

I absolutely love this book. It is based on the real experiences of author, Martin Schwartz.

If you would like to find a best day trading system, it might not for you. But if you want to learn how to think like a professional trader, it is probably the best choice for you

Second, Winner Take All: A Top Commodity Trader Tells It Like It Is by William R. Gallacher

Maybe you've never heard of this book. But I think it is an excellent book that every serious day trader should read. You can get wisdom from it. For example:
  • The difference between traders and gamblers.
  • How to develop a futures trading system?
  • How to execute a trade?
  • How to control your trading risk?
Third, The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist by Brett N. Steenbarger

I think this book is now a must-have for a successful day trader. We often focus on day trading systems or day trading money management rules. However, this completely ignores the day trading psychology.

Yes, we can't follow the day trading discipline! Brett N. Steenbarger has offered the most perfect method and can help you become your own trading psychologist.

I think every day trader should read his TraderFeed blogger.

More reading: John F. Carter's trading site, simplertrading.com 


Monday, December 25, 2017

Best day trading books of all time

In this day trading article, I will describe the best day trading books of all time.

There are many best selling day trading books on Amazon.com. For instance:
  • A Beginner's Guide To Day Trading Online by Toni Turner
  • Day Trading for Dummies, 3rd Edition by Ann C. Logue
  • Day Trading Forex with S&R Zones - Forex Trading System by Laurentiu Damir
  • Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk by Michael Sincere
But what are the best day trading books of all time?

First, How to Trade In Stocks by Jesse Livermore.

It is very classical and famous stock market book. Jesse Livermore revealed the secrets of stock trading.
  • You cannot expect to make a lot of money playing the stock market.
  • Trading is a business and run it on principles.
  • Even if you are a day trader, you should still trade with the main trend on the daily chart.
  • You should write a pre trading checklist every day.
  • You should take care of he uses the momentum trading strategy.
  • Most important of all, we should control and manage our risk in day trading.
Second, Come Into My Trading Room: A Complete Guide to Trading by Alexander Elder

An essential book for anyone interested in day trading or forex trading. 

Professional traders rarely revealed their trading systems and methods. But Alexander Elder's trading guide did it.

You could learn more from it.
  • How to follow the trading system rules?
  • How to reduce the risk of day trading?
  • How to write a trading plan and keep a trading diary?
On the whole it's a great trading book.

Third, Long-Term Secrets to Short-Term Trading by Larry Williams

The book would be a timeless classic. Many novice traders just want to make some quick money.
  • They never took day trading seriously as a business
  • They never learned to day trade with a demo account
  • They never wrote a day trading plan and kept a day trading journal
We all know that there is no secret in day trading. But Larry Williams has exposed it. I love this book.

Finally, I want to make it clear, if you are to be wealthy in the day trading market, you should keep learning and improve your day trading.

Reading the best day trading books is one of the best ways to learn.

More trading videos: Trading for a Living - Dr Alex Elder

what are the best day trading books of all time?

Wednesday, August 17, 2016

Best day trading books for beginners

In this article, we'll take a look at the best day trading books that every day trading beginner should be following to learn. 

First, Trading with Intermarket Analysis: a Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds by John J. Murphy

If you want to see the stock trading market from the other side, you should purchase the great book. It will help you make money in day trading. 

John J. Murphy is an American financial market technical analyst. He would show you the relationship between stocks, bonds, currency pairs and futures.

Now I recommend another John J. Murphy's book for you.

Second, Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy.


Every professional day trader can hardly do without the basics of technical analysis. It can help them find day trading entry and exit points.

I highly recommend it for day trading beginners. I will read this book every day.

Third, The Art of Asset Allocation: Principles and Investment Strategies for Any Market by David M. Darst.

Every professional day trader can't focus on the stock trading market. You should learn to asset allocation.

This book helps you think about your day trading business like an investor. I think you should read it in every detail and particular.

Fourth, Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves by
 Kathy Lien

  • You can learn the basics of forex trading from the book.
  • You can learn how to build your forex trading systems. 
  • You can learn how to keep a forex trading journal excel.

The book is pretty good. I highly recommend it to anyone. I think it is important to every forex day trader.

Books every trader should read

These books will show the day trading strategies. So every day trader have to read.

Third The Wealth of Nations by Adam Smith.

Fourth More Money Than God:Hedge Funds and the Making of a New Elite (Council on Foreign Relations Books (Penguin Press)) by Sebastian Mallaby.

Fifth Inside the House of Money:Top Hedge Fund Traders on Profiting in the Global Markets by Steven Drobny

Sixth Hedge Fund Market Wizards How Winning Traders Win by Schwager J.D.

Seventh Mechanical trading systems:Pairing Trader Psychology with Technical Analysis by Richard L. Weissman.

Eighth Trade Your Way to Financial Freedom 2nd Edition by Van K.Tharp

Ninth Advanced Swing Trading: Strategies to Predict, Identify, and Trade Future Market Swings by John Crane

Tenth Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups by John F. Carter

Eleventh Trading the Ross Hook by Joe Ross.

Twelfth Andre Kostolany

Thirteenth The Education of a Speculator by Victor Niederhoffer

Fourteenth Reminiscences of a Stock Operator by Edwin Lefèvre

Fifteenth, How to Trade in Stocks by Jesse Livermore. Jesse Livermore shows us the most important trading techniques,stock observation card. Generally,successful day trader should be prepared to day trading log and stock observation card.It is the best day trading books of all time.

If you are on a budget,you can consider getting Come into My Trading Room a Complete Guide to Trading by Alexander ElderMoreover,he covers almost all aspects of a day trading business plan.

Sixteenth, Trading with Intermarket Analysis: A Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds by John J. Murphy

Seventeenth, Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points by Martin J. Pring

Eighteenth John Neff on Investing by John Neff

Nineteenth The Theory on War by Carl von Clausewitz.

Twentieth Liar's Poker by Michael Lewis.

Twenty-first Erinnerungen eines Soldaten by Heinz Guderian

Twenty-second The Rommel Papers by B. H. Liddell-Hart

Twenty-third Ghost in the Wires:My Adventures As the World's Most Wanted Hacker by Kevin Mitnick. Basically,it is a series of introductions to hacker.Furthermore,the information in the book is useful for day trading beginners.It is the best learn deception or social engineering book.For example false breakout is canonical of deception.

Twenty-fourth Lost Victories:The War Memoirs of Hitler's Most Brilliant General by Erich Manstein.

Twenty-fifth Fleet tactics and coastal combat by Wayne P. Hughes Jr. It is a book that helps day trading beginners learn naval strategy,including the planning and conduct of campaigns, the movement and disposition of naval forces by which a commander secures the advantage of fighting at a place convenient to himself, and the deception of the enemy. Naval tactics deal with the execution of plans and maneuvering of ships or fleets in battle. 

As a day trading beginner,what are you day trading strategies? I believe day trading business plan and the disposition and movement of grid trading by which a successful day trader secures the advantage of trading at the market.

More reading Strategy and tactics of guerrilla warfareDay trading can be conceived of as part of a guerrilla warfare.Obviously it needs to comply with the tips.
  1. Firstly successful day trading is flexible,not static.You should use position sizing strategies,preserve margin and not capture or holding specific blocks of territory.
  2. Secondly successful day trading must plan carefully for withdrawal once an operation has been completed or if it is going badly.Mark the withdrawal phase is sometimes regarded as the most important part of a planned action.
  3. Last whatever the particular tactic used,the successful day trader lives to fight another day.
Twenty-sixth The Ultimate Sniper:An Advanced Training Manual for Military and Police Snipers by Major John Plaster

Twenty-seventh U.S. Army Survival Manual by Department of Defense. It is the best overall survival manual.It's not the only survival guide you'll ever need,nor is it best day trading guide for beginners.Specifically chapter psychology of survival and survival planning.

Twenty-eighth CURRENT Diagnosis & Treatment in Family Medicine, 4th Edition by Jeannette South-Paul. I highly recommend this book for day trading beginners.Because health allows successful day traders to make more money.For instance few day traders are concerned about dental health.So beginners should know how to deep clean the teeth.

Twenty-ninth Racecar: Searching for the Limit in Formula SAE by Matt Brown. While this book is about racecar,but it's talking about passion of career for beginners.In addition to day trading, other job can also make money.Do you really love day trading? You would have a serious working attitude.

Twenty-tenth Unbroken: A World War II Story of Survival, Resilience, and Redemption by Laura Hillenbrand

If you want to become a successful day trader be sure to read a variety of books.Please don't be conditioned to reading the day trading books.