 The Black Swan by
Nassim Nicholas Taleb
(The Impact of the Highly Improbable)
Categories:
Top Ranked, Risk Control, Classic Description:
Bestselling author Nassim Nicholas Taleb continues his exploration of randomness in his fascinating new book, The Black Swan, in which he examines the influence of highly improbable and unpredictable events that have massive impact. Engaging and enlightening, The Black Swan is a book that may change the way you think about the world, a book that Chris Anderson calls, "a delightful romp through history, economics, and the frailties of human nature."
I have not yet read this book but from reading his previous (Fooled by Randomness) book and reading the reviews about this book I have absolutely no doubt that this is going to be another thought provoking and stimulating read on the theory and practices of probability.
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 The Only Three Questions That Count by
Kenneth L. Fisher, Jennifer Chou, Lara Hoffmans, James J. Cramer
(Investing by Knowing What Others Don't)
Categories:
Investing, Stocks Description:
The Only Three Questions That Count is the first book to show you how to think about investing for yourself and develop innovative ways to understand and profit from the markets. The only way to consistently beat the markets is by knowing something others don’t know. This book will show you how to do just that by using three simple questions. You’ll see why CNBC’s Mad Money host and money manager James J. Cramer says, "I believe that reading his book may be the single best thing you could do this year to make yourself a better investor.
In The Only Three Questions That Count, Ken Fisher challenges the conventional wisdoms of investing, overturns glib theories with hard facts, and blows up complacent beliefs about money and the markets. Ultimately, he says, the key to successful investing is daring to challenge yourself and whatever you believe to be true. Packed with more than 100 visuals, usable tools, and a glossary, The Only Three Questions That Count is an entertaining and educational experience in the markets unlike any other, giving you an opportunity to reap the huge rewards that only the markets can offer.
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 Jim Cramer's Real Money by
James J. Cramer
(Sane Investing in an Insane World)
Categories:
Investing Description:
How do we find hot stocks without getting burned? How do we fatten our portfolios and stay financially healthy? Former hedge-fund manager and longtime Wall Street commentator Jim Cramer explains how to invest wisely in chaotic times, and he does so in plain English in a style that is as much fun as investing is -- or should be, when it's done right.
For starters, Cramer recommends devoting a portion of your assets to speculation. Everyone wants to find the big winners that can bring outsized gains, and Cramer explains how to allocate your portfolio so that you can afford to take this kind of risk wisely. He explains why "buy and hold" is a losing philosophy: For Cramer, it's "buy and homework." If you can't spend an hour a week researching each of your stocks, then you should hand off your portfolio to a mutual fund -- and Cramer identifies the very few mutual funds that he'd recommend.
Cramer reveals his Ten Commandments of Trading (Commandment #5: Tips are for waiters). He explains why he's not afraid to compare investing to gambling (and tells you which book on gambling you should read to become a better investor). He discloses his Twenty-Five Rules of Investing (Rule #4: Look for broken stocks, not broken companies).
Cramer shows how to compare stock prices in a way that you can understand, how to spot market tops and bottoms, how to know when to sell, how to rotate among cyclical stocks to catch the big moves, and much more. Jim Cramer's Real Money is filled with insider advice that really works, information that Cramer himself used to make millions during his fourteen-year career on Wall Street.
Written in Cramer's distinctive turbocharged style, this is every investor's guide to what you really must know to make big money in the stock market.
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 Freakonomics Revised and Expanded by
Steven D. Levitt, Stephen J. Dubner
(A Rogue Economist Explores the Hidden Side of Everything)
Categories:
Risk Control Description:
Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? How did the legalization of abortion affect the rate of violent crime?
These may not sound like typical questions for an econo-mist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life-from cheating and crime to sports and child-rearing-and whose conclusions turn conventional wisdom on its head.
Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They usually begin with a mountain of data and a simple question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: freakonomics.
Through forceful storytelling and wry insight, Levitt and Dubner show that economics is, at root, the study of incentives-how people get what they want, or need, especially when other people want or need the same thing. In Freakonomics, they explore the hidden side of . . . well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Klu Klux Klan.
What unites all these stories is a belief that the modern world, despite a great deal of complexity and downright deceit, is not impenetrable, is not unknowable, and-if the right questions are asked-is even more intriguing than we think. All it takes is a new way of looking.
Freakonomics establishes this unconventional premise: If morality represents how we would like the world to work, then economics represents how it actually does work. It is true that readers of this book will be armed with enough riddles and stories to last a thousand cocktail parties. But Freakonomics can provide more than that. It will literally redefine the way we view the modern world.
Although I have not yet read this book it sounds a lot like Fooled by Randomness by Nassim Nicholas Taleb which was an exceptionally interesting subject and put in laymans terms statistics, probability and game theory.
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Categories:
Real Estate Investing Description:
The conservative, thoughtful, thrifty investor's guide to building a real-estate empire.
Profitable real-estate investing opportunities exist everywhere as long as you know what to look for and understand how to make prudent deals that transform property into profits. David Crook, of The Wall Street Journal, shows how to make safe and sane investments that ensure a good night’s sleep as your real-estate portfolio grows, your properties appreciate and your income increases. The Wall Street Journal Complete Real-Estate Investing Guidebook offers the most authoritative information on:
- Why real-estate investing is a great wealth-building alternative to stocks and bonds and why it’s crucial that you avoid get-rich schemes
- How to get the financing and make the contacts to get started
- How to start small and local, be hands-on and go step-by-step with a vacation home to rent out, a pure rental property or a small apartment building
- How to find and value great properties, do the numbers and ensure you have that beautiful thing called cash flow
- How the government blesses real-estate investors with tax breaks and loopholes, and how you can be one of the anointed
- How to deal with the nuts-and-bolts of being a landlord and have a strife-free relationship with your tenants
About the Author
DAVID CROOK is the editor of The Wall Street Journal Sunday, the personal finance section that appears in more than 75 papers around the country. He was part of the original team that developed and launched the highly successful “Weekend Journal” of Friday’s Wall Street Journal. He also developed the “Home Front” and “Property Report,” the Journal’s residential and commercial real-estate sections.
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Categories:
Biography Description:
A triumphant, modern-day Horatio Alger story—based on the life that inspired the major motion picture—The Pursuit of Happyness is a memoir that will have you rooting for the underdog as it stirs you to pursue your own dreams.
Abandoned by his own father and left to the vicious rage of a mean-spirited and abusive stepfather, Chris Gardner made a vow that no matter what happened in his life, he'd be a committed father figure to his children. Yet even the most well intentioned would have been excused for breaking that vow if confronted by the challenges that Gardner faced, circumstances that left him and his toddler son homeless, living on the streets of San Francisco. But rather than give up his son, Gardner continued to pursue his dream of becoming a successful stockbroker—despite having neither Wall Street experience nor even a college degree. Now a successful broker and the founder of Gardner Rich & Company, a multimillion-dollar brokerage firm, Gardner epitomizes what it takes to claim the American Dream, even when others would doubt you.
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 Fooled by Randomness by
Nassim Nicholas Taleb
(The Hidden Role of Chance in Life and in the Markets )
Categories:
Top Ranked, Risk Control, Classic Description:
Selected by Amazon.com and the Financial Times as one of the best business books of the year, Fooled by Randomness is an instant classic. It's uniqueness has drawn to it a wide following - from the New Yorker to the Pentagon. Already published in 14 languages, this new edition, expanded by over 80 pages, includes up-to-date advances from behavioral finance and cognitive science This book is about luck ? or more precisely how we perceive and deal with luck in life and business. It is already a landmark work and its title has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill ? the world of trading ? Fooled by Randomness is a captivating insight into one of the least understood factors of all our lives. Writting in an entertaining and narrative style, the author succeeds in tackling three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern word. In this second edition, Taleb manages to use stories and anecdotes to illustrate our overestimation of causality and the heuristics that make us view the world as far more explainable than it actually is. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the Goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared.
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 Jim Cramer's Mad Money by
James J. Cramer, Cliff Mason
(Watch TV, Get Rich)
Categories:
Investing Description:
Jim Cramer is the champion of the middle-class investor. Every night on Mad Money, he provides valuable information about stocks, steering investors away from danger zones and leading them to the investments that can turn a lackluster portfolio into a powerhouse of profit. In his new book, he shows investors how to take the advice on his TV program and put it into action.
Cramer walks investors through the key decisions they have to make: understanding their tolerance for risk and defining their goals, doing the essential homework on a stock, and knowing how to buy and sell stocks the right way -- the Cramer way. This is a true nuts-and-bolts guide to investing, from Cramer's detailed discussion of the sort of homework investors must do to his own guidelines for knowing when and how to sell stocks.
Mad Money is a hugely entertaining television program, but it also offers valuable information that can be the basis for a winning portfolio. Cramer shows how to turn the "Lightning Round" into a terrific tool for investing; it's stock-market strength training. He reveals how he can assess a stock in only seconds -- a valuable skill that every investor can acquire and put to good use. He explains what to look for in his CEO and CFO interviews, and how to use those conversations to make successful investment decisions. He reviews some of his best calls made on Mad Money, as well as some of his worst ones, to extract ten lessons from each that can profit every investor. And for the Mad Money junkies who just can't get enough, Cramer goes behind the scenes to explain everything from the reason behind his deliberate mispronunciations to his notorious chair abuse to the zany props and buttons that keep things humming.
From the first "Booyah" to the last roar of the bull, Mad Money is every investor's favorite television program, and Jim Cramer's Mad Money is the book that can turn a TV program into a top-notch stock portfolio.
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 Against the Gods by
Peter L. Bernstein
(The Remarkable Story of Risk)
Categories:
Risk Description:
With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.
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Categories:
Technical Analysis Description:
Book Description
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
"If one could read only one book on technical analysis, this should be the one." --Knight-Ridder Financial Products and News (on the first edition, Technical Analysis of the Futures Markets, 0-13-898008-X)
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
"One way to get started in technical analysis is to read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. It's an easy read." Ralph J. Acampora, CMT, Managing Director, Prudential Securities Inc.
About the Author
John J. Murphy is President of MURPHYMORRIS, Inc., a producer of interactive educational products for technical analysis. A former technical analyst for CNBC and director of Merrill Lynch's Technical Analysis Futures Division, he is the author of The Visual Investor and Intermarket Technical Analysis.
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Categories:
Techniques and Strategies, Swing Trading Description:
Expert tactics to become make the most of every swing trade.
In Mastering the Trade, veteran trader and educator John Carter shares his hard-won five-point technique for successful swing trading. In addition, Carter helps you move to the next level of confidence by explaining how markets really work and detailing behind-the-scenes market mechanics.
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 Enhancing Trader Performance by
Brett N. Steenbarger
(Proven Strategies From the Cutting Edge of Trading Psychology)
Categories:
Psychology, Top Ranked Description:
From the Inside Flap
Trading is a performance discipline, and like Olympic athletes, elite military troops, and performing artists, traders can structure their development to achieve competence and expertise. Through his own trading experiences and those of individuals he has mentored, Dr. Brett Steenbarger is familiar with the challenges thattraders face and the performance and psychological strategies that can meet those challenges.
In his first book, The Psychology of Trading, Dr. Steenbarger provided a framework for understanding and overcoming the mental obstacles to successful trading. Now, in Enhancing Trader Performance, he goes a step further and shows you how to transform talent into trading skill through a structured process of expertise development.
Straightforward and accessible, this comprehensive guide:
- Discusses the importance of finding an optimal fit between your trading talents and interests; the markets you trade; and the ways you trade those markets
- Explores how you can enter into a learning process that will cultivate your tradingcompetence and expertise
- Introduces the concept of learning loops, which enable you to make progressive improvements in your trading methods
- Breaks down performance into three components-mechanics, tactics, and strategy-and examines the role of each in generating trading success
- Illustrates how you can coach yourself with practical cognitive and behavioral techniques that rapidly change problem patterns and build new, positive ways of thinking and behaving
When you enhance your performance as a trader, you replace a small piece of randomness with intention. This enables you to make more informed trading decisions as you make your way through today's dynamic markets. Filled with in-depth insights, practical advice, solid research, and detailed examples, Enhancing Trader Performance offers an innovative approach to market mastery.
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Categories:
Reference, Stocks Description:
Celebrating forty years of trusted stock guidance
Over the past 40 years, the Stock Trader's Almanac has established itself as the only investment tool of its kind that helps traders and investors forecast market trends with accuracy and confidence. Organized in an easy-to-access calendar format, the 2007 Edition contains historical price information on the stock market, provides monthly and daily reminders, and alerts users to seasonal opportunities and dangers. For its wealth of information and the authority of its sources, the Stock Trader's Almanac stands alone as the guide to intelligent investing.
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 Trading in the Zone by
Mark Douglas
(Master the Market with Confidence, Discipline and a Winning Attitude)
Categories:
Top Ranked, Psychology, Basics Description:
If you were to buy only one book on trading then this is the one that I would recommend. I personally did not find it an easy read and I had to read it a few times before everything sunk in. I know that others had a much easier time reading it. This book was written ten years after his very popular The Disciplined Trader and in my opinion has ten more years of wisdom and knowledge in it.
The psychology books have been placed here in the "order of books to read" because I feel that you need to understand the biggest challenge that any trader faces. As a trader you will make mistakes based on psychological flaws that everyone has. However, having read about the psychological challenge that each one of us faces, you will be able to recognize the mistakes as you make them and be able to come back and refer to this book and the techniques needed to overcome these problems. Being able to identify the problem is one of the challenges that you will face when you are trading. Having this book to hand to come back to and refer will save you.
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 One Up On Wall Street by
Peter Lynch, John Rothchild
(How To Use What You Already Know To Make Money In The Market)
Categories:
Investing, Stocks Description:
THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN
Peter Lynch is America's number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
Now, in a new introduction written specifically for this edition of One Up on Wall Street, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives.
Investment opportunities abound for the layperson, Lynch says. By simply observing business developments and taking notice of your immediate world -- from the mall to the workplace -- you can discover potentially successful companies before professional analysts do. This jump on the experts is what produces "tenbaggers," the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer.
The former star manager of Fidelity's multibillion-dollar Magellan Fund, Lynch reveals how he achieved his spectacular record. Writing with John Rothchild, Lynch offers easy-to-follow directions for sorting out the long shots from the no shots by reviewing a company's financial statements and by identifying which numbers really count. He explains how to stalk tenbaggers and lays out the guidelines for investing in cyclical, turnaround, and fast-growing companies.
Lynch promises that if you ignore the ups and downs of the market and the endless speculation about interest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made One Up on Wall Street a number-one bestseller. And now this classic is as valuable in the new millennium as ever.
Book Info
Author provides his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s. Suggests that investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives. Softcover.
About the Author
Peter Lynch is vice chairman of Fidelity Management & Research Company -- the investment advisor arm of Fidelity Investments -- and a member of the Board of Trustees of the Fidelity funds. Mr. Lynch was portfolio manager of Fidelity Magellan Fund, which was the best performing fund in the world under his leadership from May 1977 to May 1990. He is the co-author of the bestselling Beating the Street and Learn to Earn, a beginner's guide to the basics of investing and business. He lives in the Boston area.
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 Trading for a Living by
Alexander Elder
(Psychology, Trading Tactics, Money Management)
Categories:
Psychology Description:
Trading for a Living Successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:
- How to become a cool, calm, and collected trader
- How to profit from reading the behavior of the market crowd
- How to use a computer to find good trades
- How to develop a powerful trading system
- How to find the trades with the best odds of success
- How to find entry and exit points, set stops, and take profits
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 Market Wizards by
Jack Schwager
(Interviews with Top Traders)
Categories:
Top Ranked, Futures, Classic, Interviews Description:
Market Wizards by Jack Schwager is the first of two books of interviews written by him. Each chapter is an interview with a Market Wizard or in layman's terms a superstar of trading. He selects the traders that he interviews based on a good criteria of measured success. He also interviews a good cross section of traders and includes all the major trading areas and where possible the basics of the techniques these traders used to become Market Wizards.
The value in this book for the reader comes from the inspiration that anybody can achieve greatness in this field. You will also learn how very difficult it is to become a star trader and the number of hours and the volume of work that you have to apply before getting a glimpse at success. You will also be introduced to all the major areas of trading and this will allow you to begin to decide what type of trading you want to do. Do you want to be a scalper, day or swing trader and do you want to trade bonds, futures, currencies or commodities.
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 The New Market Wizards by
Jack Schwager
(Conversations with America's Top Traders)
Categories:
Top Ranked, Classic, Interviews Description:
The New Market Wizards by Jack Schwager is the second of the two books that he wrote. He continues his interviews with a new set of super star traders and goes into depth about what made them rise to the top of what they do. Most of these traders are still active in the investment community and a lot of them have web sites where you can read more about them.
This book completes techniques and markets that were not covered in the first book and covers some of the previous subjects in more detail.
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 Emotional Intelligence by
Daniel Goleman
(Why It Can Matter More Than IQ)
Categories:
Psychology Description:
There was a time when IQ was considered the leading determinant of success. In this fascinating book, based on brain and behavioral research, Daniel Goleman argues that our IQ-idolizing view of intelligence is far too narrow. Instead, Goleman makes the case for "emotional intelligence" being the strongest indicator of human success. He defines emotional intelligence in terms of self-awareness, altruism, personal motivation, empathy, and the ability to love and be loved by friends, partners, and family members. People who possess high emotional intelligence are the people who truly succeed in work as well as play, building flourishing careers and lasting, meaningful relationships. Because emotional intelligence isn't fixed at birth, Goleman outlines how adults as well as parents of young children can sow the seeds.
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 Entries & Exits by
Alexander Elder
(Visits to 16 Trading Rooms)
Categories:
Psychology, Interviews Description:
Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves; some trade for a living, others are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading-psychology, tactics, risk control, record keeping, and the decision-making process.
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 Day Trading the Currency Market by
Kathy Lien
(Technical and Fundamental Strategies To Profit from Market Swings)
Categories:
Day Trading, Forex Description:
From the Inside Flap
The currency/foreign exchange (FX) market is by far the largest financial market in the world, with trading volumes surpassing $1.9 trillion a day. Although primarily dominated by a worldwide network of interbank traders, a new era of Internet-based communication technologies has recently allowed individual investors to gain direct access to this popular-and profitable-market.
Written by Kathy Lien-chief strategist for the number one online currency broker in the world-Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency/FX market, and provides a more detailed look at how this market actually works.
Designed for both the advanced and novice trader, Day Trading the Currency Market contains something for everyone. It touches on the major FX market basics or currency characteristics that all traders-particularly day traders-need to know, and contains actionable information on which you can base some of your trading strategies. This comprehensive guide opens with a straightforward discussion of general issues, such as the emergence of the foreign exchange market, who the major players are, and significant historical milestones, but quickly delves into more detailed topics in the following sections:
- What moves the currency market-factors that impact both long- and short-term price movements
- What are the best times to trade for individual currency pairs-through an outline of major currency pair trading activity (in different time zones), you'll discover when pairs are most attractive
- Trade parameters for different market conditions-teaches you how to first profile a trading environment and then know which indicators to use for that trading environment
- Technical trading strategies-covers some of the most important trading strategies for day traders and swing traders. They run the gamut, from "Fading the Double Zeros" to the "Inside Day Breakout Play"
- Fundamental trading strategies-illustrates how to trade off commodity prices, fixed income instruments, and option volatilities; and covers intervention-based trades as well as the secret moneymaking strategies used by hedge funds
- A profile of major currency pairs-discusses the unique characteristics of each major currency pair, from what drives their price action to which economic data releases are most important
Filled with in-depth insight and expert advice, Day Trading the Currency Market can show you how to enter this highly competitive arena with confidence and exit with profits.
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Categories:
Psychology Description:
How long will it take you to become a competent trader and how much will it cost?
What markets should you trade and how much can you expect to make?
What rules should you set, what methods should you use, how should you split your trading capital?
If these questions interest you, you picked the right book. Written by a professional trader, an expert in technical analysis, and a practicing psychiatrist, Come Into My Trading Room: A Complete Guide to Trading comes out nine years after Dr. Alexander Elder's international bestseller Trading for a Living, reflecting his latest discoveries and concepts.
Come Into My Trading Room opens with a brief primer-aptly named Financial Trading for Babes in the Woods-aimed at newcomers, but containing important information for experienced traders. It clarifies topics whose mastery is essential for everyone: what markets to trade, how to interpret financial theories, and how to handle common barriers to success.
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Categories:
Idiots and Dummies Description:
When people think of stock trading, they often think of the glory days of the Internet, when stocks just kept going up and everyone seemed to be making a fortune. Since the bubble burst, many people are scared of investing in the stock market. Sure, stocks are risky-just like any other investment-but with the right knowledge and tactics, there's still money to be made.
Trading For Dummies isn't about high-risk, fast-paced day trading. It's a simple, straightforward guide to the ins and outs of stock investing that offers a measured, level-headed approach to trading. You'll learn the basics of portfolio management, measuring stock value, market analysis, and much more-all with a focus on risk reduction and steady profits. Inside you'll learn how to:
- Understand market cycles
- Choose a great broker
- Master technical analysis
- Manage your risk exposure
- Build a balanced portfolio
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Categories:
Technical Analysis, Idiots and Dummies Description:
A simple, straightforward guide to the fundamentals of technical analysis
For active traders and investors who don't understand the complicated art of technical analysis, this commonsense resource covers all the bases. Explaining the basic principles of analysis and showing how to implement them, Technical Analysis For Dummies dumps the confusing jargon and unreadable charts for basic explanations and practical guidance. In no time at all, readers will see how to make better trading decisions.
Barbara Rockefeller (Stamford, CT) is one of the foremost authorities on technical analysis and founder of Rockefeller Treasury Services.
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 Trend Following by
Michael W. Covel
(How Great Traders Make Millions in Up or Down Markets)
Categories:
Techniques and Strategies Description:
From the Back Cover
"Whether you have $1000 or $10,000,000 to invest, this provocative guide will help you take your portfolio to new heights."
Kirkus Reviews
"For my staff at Hite Capital, Michael Covel's Trend Following is required reading."
From the Foreword by Larry Hite, CEO, Hite Capital Management
"Investment books that have a lasting appeal offer insight that resonates with a large number of investors. We believe Michael Covel's Trend Following will be such a book."
Richard E. Cripps, Legg Mason Chief Market Strategist
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 Zen and the Art of Poker by
Larry Phillips
(Timeless Secrets to Transform Your Game)
Categories:
Top Ranked, Psychology, Basics Description:
The following is taken from a review published on this site which sums up this book perfectly:
From the perspective of a trader, I loved this book. I find it ironic but strangely fitting that one of the best books on trading psychology I have ever come across turns out to be a flimsy little throwaway paperback that was not written about trading at all.
Poker and trading are strikingly similar disciplines. They are both one-man endeavors; they are both zero sum games played for financial gain at the expense of opponents; they are both oriented towards luck in the short run but skill in the long run; they both require proficiency in the realm of probability and statistics; they both require a taste for risk and an aversion to risk in equal amounts; they both require an ability to read the emotions of others while controlling the emotions within yourself; and they both see profits consistently flow from the losing many to the winning few over time. Because of these similarities, the skill sets of the poker player and the trader are in many ways interchangeable.
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Categories:
Techniques and Strategies, Futures Description:
A common denominator among most new traders is that, within six months of launching their new pursuit, they are out of money and out of trading. High-Probability Trading softens the impact of this "trader's tuition," detailing a comprehensive program for weathering those perilous first months and becoming a profitable trader.
This no-nonsense book takes a uniquely blunt look at the realities of trading. Filled with real-life examples and intended for use by both short- and long-term traders, it explores each aspect of successful trading.
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 The Disciplined Trader by
Mark Douglas
(Developing Winning Attitudes)
Categories:
Psychology, Basics Description:
The number one reason that I like The Disciplined Trader is that Mark Douglas has no formal training in psychology. Rather, Douglas was trained in the only classroom that matters-the battlefield of actual trading. Even though this book was published in 1990 and there have been a plethora of trading-psychology books published since then, Douglas' material stands out has an innovative classic. He just uses his own gift for seeing the mental shortcomings of the losing trader and spells out his own fresh insights on what we, as traders, need to do to experience real success in trading.
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Categories:
Investing, Idiots and Dummies Description:
It's been said, and too often quoted, that the only certainties in life are death and taxes. To these can be added one more: being confused by investing. But remember that no one is born with financial knowledge. It's acquired over time.
If you've succeeded in accumulating some money to invest, congratulations! You've already accomplished a feat that the majority of people haven't done yet. But with the increased coverage of the investment world, you may think that investing times have changed. But to a large degree, things haven't changed all that much. Investments that were lousy years ago are still considered lousy today. But the best investments for building wealth - stocks, real estate, and small business - haven't changed.
Whether you have a modest or immodest economic means, this easy-to-use guide can help you understand how to increase your wealth by
- Living within your means and systematically saving and investing money, ideally in a tax-favored manner.
- Buying and holding stocks, ide ally through the best mutual funds.
- Building your own small business or career.
- Investing in real estate.
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Categories:
Psychology Description:
Your own strengths, style, and personalityÂÂand the steps found in this bookÂÂcan revitalize your trading program!
"Van's book gets directly to the heart of what it takes to be a successful trader. It's the best book I've read on trading successfully; not fluff or hype like so many others."ÂÂTom Basso, President, Trendstat Capital Management, Inc.
"The trading public owes Dr. Tharp a debt of gratitude for this insightful masterpiece." -Edward Dobson, President, Traders Press, Inc.
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Categories:
Psychology Description:
You can read Come Into My Trading Room: A Complete Guide to Trading in a few days, but you cannot expect to master every aspect of that invaluable book until you work through it. Study Guide for Come Into My Trading Room: A Complete Guide to Trading will help you learn the profitable methods and techniques of Come Into My Trading Room before risking a dollar in the markets.
Study Guide for Come Into My Trading Room: A Complete Guide to Trading parallels the actual book, challenging you at every step with questions that make you focus on all the important areas of trading. Some tests are pencil-and-paper, others have you work with charts, but all prepare you to make crucial decisions.
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 Markets in Profile by
James F. Dalton, Robert B. Dalton, Eric T. Jones
(Profiting from the Auction Process)
Categories:
Market Profile, Technical Analysis, Top Ranked Description:
Markets in Profile explores the confluence of three disparate philosophical frameworks: the Market Profile, behavioral finance, and neuroeconomics in order to present a unified theory of how markets work. The Market Profile is an ever-evolving, multidimensional graphic that gives visual form to the market's continuing auction process, revealing the myriad underlying dynamics that influence market activity. Behavioral finance posits that investors are driven more by emotional factors and the subjective interpretation of minutia than by "rationality" when making investment decisions. And neuroeconomics is the study of how investor psychology permeates and affects the financial markets. Mr. Dalton explicates the ways in which irrational human behavior influences the market's natural auction process, creating frequently predictable market structure, which results in opportunities for investors to ameliorate risk. The book will improve investors ability to interpret change in markets, enabling better, more confident investment decisions.
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Categories:
Technical Analysis Description:
From the Inside Flap
With instant electronic market access and powerful financial tools at their disposal, today's "technician"-one who practices the art of technical analysis-has more opportunities than ever before to profitably trade in a variety of markets. But in order to truly excel, you need a method that will allow you to identify market moves, and strategies that will allow you to make the most of those moves.
John Person has been in the trading business for almost thirty years-as a broker, a trader, and a teacher of traders. During this time, he's refined his trading skills and, by using candlestick formations in conjunction with pivot points, developed a reliable methodology that will help you make smarter trades with less risk.
In his first book, A Complete Guide to Technical Trading Tactics, Person introduced traders to the concept of integrating candlestick charting with pivot point analysis. Now, in Candlestick and Pivot Point Trading Triggers, he goes a step further and shows you how to devise your own setups and triggers-in the stock, forex, and futures markets-based on a moving average approach.
Filled with in-depth insights and expert advice, this comprehensive guide:
- Examines the methodology of pivot point analysis and how it can be applied to different markets
- Shows you what to look for when reading candlestick charts and why you should rely on price rather than indicators
- Discusses how to find certain setups and explains what triggers a call to trading action
- Walks you through the various types of stop orders, including when and where to place them
- Illustrates how back testing your methods can help uncover the strengths and weaknesses ofyour system
Person also fully discloses some of his proprietary setups, such as the high close doji, the low close doji, and the jack hammer pattern, complete with rules on the entries and exits to help you identify high probability trades.
With the tools and techniques outlined in this book-which includes a companion CD-ROM that contains Person's own Pivot Point Calculator and an instructional presentation on how to use it-you'll be able to put together a trading plan that consistently helps you yield profits.
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 Winning the Day Trading Game by
Thomas L. Busby, Patsy Busby Dow
(Lessons and Techniques from a Lifetime of Trading)
Categories:
Day Trading Description:
Take a proven approach to short-term trading.
Winning the Day Trading Game offers an insider's view of the trading life and provides proven strategies for profitable trading. Professional trader Tom Busby explains how the strategies that made him so much money early on in his career ultimately failed during the 1987 stock market crash and then reveals how he reinvented himself as a high-percentage day trader. He interweaves personal experiences with technical explanations to outline the cornerstones of his technique. In highlighting his own trading experiences, Busby clearly explains how to beat the market by balancing the impulses of greed and fear, managing risk at all times; and taking responsibility for your trading.
Thomas L. Busby (Mobile, AL) has been a professional trader and broker for 25 years, working with Merrill Lynch and Smith Barney. He founded the Day Trading Institute in 1996 and it has grown into one of the most successful trading schools in the world.
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Categories:
Idiots and Dummies, Futures, Options Description:
Futures & Options For Dummies offers information about the types of futures readers can invest in and research, how to use technical analyses in relation to the futures and options market, how to safely invest in managed future funds, and basic information on financial futures and commodities. In addition, the book explains the risks and rewards involved in futures trading, offers helpful pointers and tips, shares advice on how to look for a broker, and walks the reader through making a trade. Investors, day traders, and stock owners who want a good, but not too technical, take on futures and options will love this simple, friendly guide.
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Categories:
Investing, Stocks, Idiots and Dummies Description:
The stock market has always been a centerpiece of the American financial scene. With a balanced portfolio that includes stocks you can make a relatively quick profit or save for retirement-if you know what you're doing.
Whether you're a beginner that wants to take a crash course on stock investing or you're already a stock investor who would like to review your current situation, Stock Investing For Dummies has valuable lessons to offer.
Stock Investing For Dummies will give you a realistic approach to making money in stocks. It offers the essence of sound, practical stock investing strategies and insights that have been market tested and proven from nearly a hundred years of stock market history. This book will help you succeed not only in up markets, but also in down markets. Easy-to-follow and reassuring, this guide will make you a better-informed investor through an exploration of:
- What stocks are and why you should invest in them
- How to create a successful stock portfolio
- The best ways to invest: conservative, aggressive, long-term, short-term
- Information gathering techniques you can use to research stocks before you invest in them
- Investing for growth versus income
- How to analyze industries, companies, and stocks
- Minimizing the tax on your capital gains
- Knowing when not to invest
- How to choose the right broker
Bull markets and bear markets come and go, but the informed investor can keep making money no matter what. Packed with tips for building wealth and holding on to it, Stock Investing For Dummies will show you how to buy and sell with confidence in no time!
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Categories:
Psychology Description:
Although this book is about golf and sport psychology a lot of what Bob Rotella says is also very pertinent to trading. If you're a golfer and a trader then this book is a must - two birds with one stone. If you're not a golfer then buy this book as a present for a golfing friend and read it before you give it to them.
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 Beyond Candlesticks by
Steve Nison
(New Japanese Charting Techniques Revealed)
Categories:
Technical Analysis Description:
From the "Father of Candlesticks"-penetrating new Japanese techniques for forecasting and tracking market prices and improving market timing Steve Nison has done it again. The man who revolutionized technical analysis by introducing Japanese candlestick charting techniques to Western traders is back-this time with a quartet of powerful Japanese techniques never before published or used in the West. Stunningly effective on their own, these new techniques pack an even greater wallop when teamed up with traditional trading, investing, or hedging strategies, and Steve Nison shows you how to do it. Beyond Candlesticks provides step-by-step instructions, detailed charts and graphs, and clear-cut guidance on tracking and analyzing results-everything you need to pick up these sharp new tools and take your place at the cutting edge of technical analysis. Critical praise for Steve Nison's first book … "… destined to become the classic reference on the subject." -Charles Lebeau and David Lucas Technical Trader's Bulletin "I believe Steve Nison's new candlestick book is destined to become one of the truly great books for this time period.… Whether you trade futures, commodities, or equities, day trade or hold positions overnight, this book is a must." -Lee Siegfried Investor's Library, Data Broadcasting Corp. "It is hard to be too effusive about the quality of NiSon's work … this is clearly one of the best investment books ever written in terms of covering a subject with pedagogical ability and writing skill. The organization is impeccable … reading it was a pleasure." -Commodity Traders Consumer Report
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 Pit Bull by
Martin Schwartz
(Lessons from Wall Street's Champion Day Trader)
Categories:
Classic, Futures Description:
From Publishers Weekly
After working several years in what he considered to be a dead-end job as a financial analyst at E.F. Hutton, Schwartz quit the firm, accumulated a nest egg of $100,000 and on August 13, 1979, bought a seat on the American Stock Exchange where he began trading stocks, options and futures. He quickly became an expert at trading S&P futures, and in his first full year as an independent trader made $600,000 and a year later earned $1.2 million. Schwartz's style was to get in and out of positions in a hurry; he rarely held on to any financial instrument for more than a day. As his success on Wall Street grew, he began his own fund in which he would manage other people's money as well as his own, a move he would regret. The stress of running the fund contributed to his developing pericarditis, which nearly killed him. His doctors advised him to slow down his lifestyle, so at the age of 48, Schwartz, along with his wife and two children, moved to Florida where he took up golf and developed a daily routine that allowed him to keep trading, but at a more relaxed pace. This is one of those rare autobiographies where the subject unintentionally portrays himself in an unfavorable light. As he grew ever richer, Schwartz became consumed with generating even more money and prestige so that he could "run with the top dogs." Inadvertently, he has written a cautionary tale on the dangers of being addicted to money and power. Coauthors Morine and Flint are freelancers.
From Library Journal
Schwartz narrates his personal account of trading big-money options on several financial exchanges. Options trading is very risky, and the average investor won't ever be involved with it. In the rapid-fire narration, Schwartz comes across as money-driven and obnoxious. He sprinkles vulgar words in an attempt to be humorous. The self-absorbed content won't help those who are looking for practical investment tips. Unfortunately, while bragging about his money and trading deals, the author doesn't tell the listener how to make some money. Instead, Schwartz goes off into details about his stress-related health problems. The promised investing lessons in the subtitle are not delivered.
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 Tools and Tactics for the Master DayTrader by
Greg Capra, Oliver Velez
(: Battle-Tested Techniques for Day, Swing, and Position Traders)
Categories:
Day Trading, Swing Trading Description:
Over 30,000 online investors daily flock to pristine.com, the top-rated Website run by day trading legends Oliver Velez and Greg Capra, for up-to-the-minute strategies and market commentaries. In Tools and Tactics for the Master Day Trader, Velez and Capra revisit and completely update over 100 of their daily commentaries from the past four years, with new material explaining what worked, what didn't, and why.
This no-nonsense, easy read, meant to be referenced by traders every trading day, covers everything from potent trading strategies to intuitive insights on psychology and discipline. Proving once again that the best teacher is experience, Tools and Tactics for the Master Day Trader will help any trader log on with the technical skills, market knowledge, and confidence they need to capture more winning trades, and reap new profits.
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 Jesse Livermore by
Richard Smitten
(The World's Greatest Stock Trader)
Categories:
Classic, Biography Description:
From the Inside Flap
"Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."-Jesse Livermore
Immortalized in the fictionalized bestselling investment classic Reminiscences of a Stock Operator as "Larry Livingstone," Jesse Livermore is considered by many to be the best trader in history. Now, for the first time, the complete true-life story of one of Wall Street's most intriguing and successful figures comes to life in Jesse Livermore: World's Greatest Stock Trader. Take a revealing and intimate look into the life, mind, and financial prowess of this legendary trader through family interviews, professional triumphs, and the revolutionary trading techniques he developed. Detailing Livermore's personal life story, author Richard Smitten vividly depicts the never-before-revealed private side of this enigmatic man, while educating you on the trading principles, timing techniques, and money management strategies that made Livermore several fortunes over his lifetime-when he adhered to them.
Livermore ran away from home in 1891 at the age of fourteen, with five dollars in his pocket. He started his stock market career as a chalkboard boy in the Boston offices of PaineWebber. A year later he was trading full time. He accumulated so much money by the time he was twenty that he was banned from all the "Bucket Shops" of New York and Boston. With his radical trading methods and an unlimited amount of patience, Livermore cornered the cotton market and made a killing in the stock market crash of 1907, amassing more than $3 million in one day.
J. P. Morgan personally asked him to stop shorting the market. With friends like financier Bernard Baruch, Walter Chrysler, Charlie Chaplin, and Alfred Sloan of General Motors, Livermore walked among giants and learned many lessons along the way. He sold the market short in 1929 and entered the depression with $100 million in cash. Livermore eventually discovered that social status and money could not help battle depression or repair disintegrating marriages and distant relationships with his sons.
In the only extensive biography of Jesse Livermore, you will stand at the center of his fascinating universe and watch him evolve. Experience the man, myth, and legend as you trace his progress from different wives to different trading strategies, Long Island estates to Palm Beach resorts, yachts, and private railway cars. Capture, for the first time, the full story both personally and professionally of the most successful trader of all time in a nonstop story of trading, triumph, and tragedy.
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Categories:
Top Ranked, Classic Description:
Reminiscences of a Stock Operator Edwin Lefevre is considered the classic stock trading diary/book. It was originally published in 1923 and yet continues to sell well every year demonstrating that lessons presented in it from 1923 are still relevant today.
Reminiscences of a Stock Operator (read online for free) is a classic and one of the original books on investing. Even though this book is over 75 years old you will notice that almost everything in there still holds true today. Sayings that you hear nowadays come from this book. This is an easy, compelling and inspirational read.
To get a feel for it, start reading it online for free, and then if you want a hard copy you can go out and buy it.
"In my interviews with over 30 of the best traders of our time, there were some questions that I raised in each conversation. One of these was: Are there any books that you found particularly valuable and would recommend to aspiring traders? By far, the most frequent response was Reminiscences of a Stock Operator - a book that was over 70 years old!" - Jack Schwager
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Categories:
Options Description:
Anyone mystified by stock options or who simply dismisses them as too speculative will find Getting Started in Options an excellent first read on the subject. Beginning with the premise that it's not the complexity of the investment but that of its language that makes options difficult for new investors to understand, author Michael C. Thomsett has created a guided tour through the lexicon. The result is a nontechnical introduction to these specialized markets.
The book carefully and completely defines the terminology, explains options investing step by step, and presents strategies so that it is easy to understand at each level of risk involved. Choosing the right stock, buying and selling options, and combining techniques are all covered in increasing complexity, but this is a book for beginners, and those with basic knowledge of the subject will want to seek out more advanced reading.
The biggest drawback of this book is that, for some reason, the text is printed in green ink, making it somewhat more difficult to read and probably impossible for those who are green-colorblind. Publisher, take note!
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 Mind Over Markets by
James F. Dalton, Robert B. Dalton, Eric T. Jones
(Power Trading With Market Generated Information)
Categories:
Top Ranked, Market Profile, Technical Analysis Description:
Mind Over Markets by James Dalton is considered to be the most readable book on Market Profile ®. The reason that this book has been put in at position number four is that it explains the structure of the market and the auction process. It also explains a way of reading any market and is specifically not a trading technique but a trading tool that assists you in your trading decisions.
There is no point in learning specific entry and exit techniques if you do not fully understand the structure of the market and what the market is trying to do.
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 Trade Like a Hedge Fund by
James Altucher
(20 Successful Uncorrelated Strategies & Techniques to Winning Profits)
Categories:
Techniques and Strategies, Technical Analysis Description:
This book debunks the myths and shows what strategies the author has back tested and that actually work. Although I wasn't overly impressed with the actual strategies that he wrote or the way he presented the book I believe that the book provides the impetus, structure and stimulation that a traders needs to go out and find their own techniques.
I don't believe that a trader will make any great profits using any of the techniques that James Altucher discusses but I do believe that those ideas will lead to bigger and better ideas in the mind of a knowledgeable and creative trader.
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 Swing Trading by
Jon D. Markman
(Power Strategies to Cut Risk and Boost Profits)
Categories:
Swing Trading Description:
This essential guide to a trading strategy offers a viable (and profitable) alternative to both day-trading and the buy-and-hold mentality.
Swing Trading presents the methods that allow busy people to hold positions for as long as a week to a month and then exit with a handsome profit. Where day traders execute many trades for nickels and dimes, swing traders take larger positions and make few moves for more substantial returns. This resource focuses on how you can achieve success and reap the rewards of this unique and profitable trading method. You'll find step-by-step guidance and valuable tips on free online tools you can use to apply the swing trading method and substantially grow your portfolio. Order your copy today.
Book Info
Loaded with great ideas. The profiles of successful traders and in-depth research studies can help you gain a fresh perspective and a trading edge. --This text refers to an out of print or unavailable edition of this title.
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Categories:
Technical Analysis Description:
From the Inside Flap
Are you looking for time-tested trading techniques that professional stock index and futures traders use?
Futures and options markets can be profitable arenas for both novice and experienced traders. But to come out on top, you must have a solid understanding of the markets, the technical tools used to trade them, and yourself.
After twenty-five years as abroker, trader, and educator in the futures and options field, John Person has associated with trading legends and manysuccessful traders and witnessed firsthand their strategies for success. Out of these real-time experiences, he shares the valuable insights you will find in A Complete Guide to Technical Trading Tactics. Novice and experienced alike will gain a better understanding of the mechanics of the markets and methodologies that work.
Person demonstrates multiple trading methodologies using pivot point analysis and shows you how you can implement these key calculations with other methods and indicators. To understand this approach, you don't have to abandon your knowledge of traditional technical analysis techniques. All you have to do is be open to integrating the theories to help you confirm, validate, and identify entry and exit points when trading.
By learning how to better integrate elements of market analysis such as time and price, you'll be ready to trade with confidence and achieve success. The proven methodologies that are discussed from the technical side include:
- Pivot points-a leading price indicator that is based on price points using different time frames
- Cycle analysis-which deals with predicting market turning points based on time
- Candle chart patterns-which are based on price relationships between the open, high, low, and close including past chart points such as old highs or lows
- Fibonacci ratio corrections and extension studies-which are based on past price points
- Mental thought processes-the last and maybe the most important aspect of trading, which will help you evaluate your psychological makeup and overcomerough spots to stay focused when trading
If you are to trade successfully, you need to understand that it requires hard work, discipline, and, above all, that you remain focused with the use of methodologies that pinpoint opportunities and help you take control of your emotions. A Complete Guide to Technical Trading Tactics will go a long way toward accomplishing these goals.
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Categories:
Stocks, Options, Idiots and Dummies Description:
If you're like the majority of the estimated 12 million employees in the U.S. who have stock options as a key component to their compensation packages, you have a vague notion, at best, of how options work and what they can mean to your financial well being. What's the vesting schedule for your shares and how will their strike price be set? What type of stock option grant will you receive, an ISO (incentive stock option) or an NQSO (non-qualified stock option)? What tax rules apply to your option program? Your financial future could depend on your knowing the answers to these and other questions regarding your company's stock option plan.
Confused by all the brouhaha surrounding stock options? Let expert Alan Simon demystify this often-confusing investment vehicle for you. Featuring clear explanations of how your stock options might make you money-or not-this friendly guide fills you in on what you need to know to:
- Understand different types of stock options
- Read and find traps in your stock option agreement
- Evaluate the pros and cons of company investment vehicles
- Assess vesting schedules and tax laws
- Tap Web resources
Simon demystifies the jargon, rules, and tax consequences of stock options. He provides a realistic picture of what to expect from your options, and he helps you see past the hype to understand what your employer is really offering. Important topics covered include:
What you need to know before accepting a compensation package that includes optionsDeveloping a stock option philosophy and clear-cut goalsKnowing whether you're being treated fairly by your companyMaking sense of the language of stock options agreementsGetting a handle on key restrictions on how you exercise your optionsStock option valuationTax rules and how they apply to different types of optionsHow stock options can be affected by changes at your company
Stock Options For Dummies is the only guide you'll need to get the most out of this important investment vehicle.
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 Street Smarts by
Laurence A. Connors, Linda Bradford Raschke
(High Probability Short-Term Trading Strategies)
Categories:
Day Trading Description:
Book Description
Published in 1996 and written by Larry Connors and "New Market Wizard" Linda Raschke. This 245 page manual is considered by many to be one of the best books written on trading futures. Twenty-five years of combined trading experience is divulged as you will learn 20 of their best strategies.
Among the methods you will be taught are:
- Swing Trading - The backbone of Linda's success. Not only will you learn exactly how to swing trade, you will also learn specific advanced techniques never before made public!
- News - Among the strategies revealed is an intra-day news strategy they use to exploit the herd when the 8:30am economic reports are released. This strategy will be especially appreciated by bond traders and currency traders.
- Pattern Recognition - You will learn some of the best short-term set-up patterns available. Larry and Linda will also teach you how they combine these patterns with other strategies to identify explosive moves.
- ADX - In our opinion, ADX is one of the most powerful and misunderstood indicators available to traders. Now, for the first time, they reveal a handful of short-term trading strategies they use in conjunction with this terrific indicator.
- Volatility - You will learn how to identify markets that are about to explode and how to trade these exciting situations.
- Also, included are chapters on trading volatility, trading Crabel, trading the smart money index, trading gap reversals, a special chapter on professional money management, and many other trading strategies!
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 How to Buy by
Justin Mamis
(An Insider's Guide to Making Money in the Stock Market)
Categories:
Techniques and Strategies, Basics Description:
Book Description
A new foreword by the author in 2001 brings new perspective to the original How to Buy. This book compliments Mamis' When to Sell by providing a concrete path to reaping profits in the stock market year by year. How to Buy chapters include information on:
- Safe times to buy
- How to pick a stock that's about ready to move up
- Exactly when to buy (what day and hour)
- How to check out rumors and recommendations
- Market action indicators
- Basic buying strategy
About the Author
Justin Mamis was senior vice president and chief market technician at Hancock Institutional Equity Services in New York, and now publishes his own institutional market letters.
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Categories:
Day Trading Description:
Master the Markets by Trading from Home! how I trade for a living "Gary Smith deals in reality. If you want to really learn to trade for real profits, not hypothetical, mumbo-back-tested programs, this book is a must. I seldom read market books anymore, but I read every word of this important book. Get it." -Larry Williams, author of Long-Term Secrets to Short-Term Trading "How I Trade for a Living is a remarkable book; truly a treasure trove of market information.. Highly recommended." -Humphrey E. D. Lloyd, MD, author of Trading S&P Futures & Options: A Survival Manual and Study Guide "Straight talk from an accomplished veteran on how to succeed as a full-time trader. Gary Smith recounts the obstacles he overcame on the road to trading mastery and describes the strategies, indicators, and insights he used to reach his goals." -Nelson Freeburg, Editor, Formula Research "It is always valuable to get inside the mind of a successful trader. Gary Smith does a good job taking you there in a book loaded with useful tips and helpful hints. A worthy addition to any trader's library!" -Gary B. Smith, Contributing Editor, The Street.com "In How I Trade for a Living Gary Smith dispenses a healthy dose of that rarest of all commodities, vicarious experience from a consistently winning trader. New traders will find great benefit from looking over Smith's shoulder as he generously shares with the reader the valuable knowledge he has gained over three decades of trading." -Edward D. Dobson, President, Traders Press, Inc.
From the Inside Flap
Gary Smith was bitten by the trading bug at the age of fourteen, and ever since he’s thought of little else other than how to make a fortune as a home-based trader. He bought his first stock in 1966, when he was just a college sophomore, and then spent the next two decades unsuccessfully chasing his childhood dream. Finally, in 1985, nearly bankrupt and ready to quit, Gary Smith had an epiphany that changed everything—and since then he hasn’t had a losing year and rarely even a losing month. His trading account has mushroomed from $2,200 to nearly $1 million. What did Gary discover on that fateful day in 1985? How did he achieve his phenomenal fifteen-year winning streak and earn an international reputation as one of the most successful home-based traders ever? Find out in How I Trade for a Living. What you won’t find in How I Trade for a Living are knotty mathematical formulas, complex technical indicators, heavy charts, or elaborate software demands. What you will find is a simple, straightforward approach to home-based trading that can be used by virtually anyone, anywhere. Unlike most "experts" writing today, Gary Smith has actually made it as a home-based trader. Step by step, Smith outlines his low-risk trading strategies and explains how to use them to trade stock index futures and mutual funds—his preferred vehicles—as well as individual stocks, options, futures, and junk bonds. He acquaints you with his favorite indicators and tells you how to get the most out of them. He offers a wealth of tips on recognizing market trends and riding them for all they’re worth. You’ve heard what the "experts" have to say about trading the markets. Now find out how it’s really done from a consummate pro in How I Trade for a Living.
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 The Guts and Glory of Day Trading by
Mark Ingebretsen
(True Stories of Day Traders Who Made (or Lost) $1,000,000)
Categories:
Day Trading Description:
A collection of twelve true stories of ordinary people, not professional investors, who have made or lost at least one million dollars trading stocks. Shows how to improve trading strategies and avoid making the mistakes they made.
Inside Flap Copy
Jump Into the Day-Trading Trenches and Sharpen Your Own Survival Skills
Every battle has its winners and losers. Every day, thousands of day traders take their battle positions in front of their computers to go head to head against the world's best, and most powerful, trading institutions. There are casualties?many casualties. But there are also victories?moments when an individual trader reaches the pinnacle of our capitalist system to take a profit from the market.
Making money isn't easy with a 75 to 90 percent failure rate, only the strong survive, and only the most savvy live to trade another day. But despite the negative press, a wildly unpredictable market, and the possibility of losing their shirts on any given trading day, these market mercenaries continue to trade, and day trading continues to grow as a profession. What drives them? How do they do it? What are their secrets? In The Guts & Glory of Day Trading, you'll read the astounding stories of those traders who have been skilled enough to make significant money, and the gut-wrenching dramas of those who were unfortunate enough to lose vast fortunes.
Whether you're a trader yourself or just a casual investor, their stories and strategies will keep you on the edge of your seat. The valuable lessons from this trading dozen tell more than just the pits and peaks of stock trading. They teach the survival skills and tactics necessary to live to trade another day. You can learn how to improve your own trading or investing techniques by learning what most of them did right?and what some of them did wrong.
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 Japanese Candlestick Charting Techniques by
Steve Nison
(A Contemporary Guide to the Ancient Investment Techniques of the Far East)
Categories:
Technical Analysis Description:
Japanese Candlestick Charting Techniques, 2nd Edition, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language, the author's years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market. It has been thoroughly updated to include:
- New techniques and strategies
- The author's concept of the Convergence (when a series of signals converge at one zone, thus increasing the chances for a market turn from that area)
This new edition broadens the book's focus and all new updated charts, and information on several new areas such as day trading and how candlestick charting can be used to improve returns and help decrease market risk.
It includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques.
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Categories:
Psychology Description:
An eminent futures trader explores crucial factors in the markets that most experts overlook-time, volume and open interest-and describes little-known indicators to profitably track them. Covers all the popular technical approaches to futures, options and stock markets including Elliott Wave, oscillators, moving averages, Market Logic, point-and-figure charting. Explains why most traders sabotage themselves and how to avoid doing the same.
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 The Day Trader's Survival Guide by
Christopher A. Farrell
(How to Be Consistently Profitable in Short-Term Markets)
Categories:
Day Trading Description:
Why does a stock like Juniper move 25 points in a single day white Microsoft never does? Why is Rambus a great stock for day traders, whereas Delland Cisco aren't? Why is the NYSE sometimes an easier market to trade in than NASDAQ, and why are executions usually better? And, last but not least, what do the three out of ten day traders who are consistently making money know that the seven who are losing money don't? These are the types of questions The Day Trader's Survival Guide answers. This book will teach you how to beat Wall Street at its own game. An unwary day trader can get steamrolled by large brokerage firms that have the power to move markets on a whim. The Day Trader's Survival Guide outlines the smartest ways to ride in the wake of "big money" and be profitable.
In addition to presenting cutting-edge strategies that have never been introduced to the general public, The Day Trader's Survival Guide exposes the "dark side" of day trading, including a took at how Wall Street manipulates stock prices, why the NASDAQ market is unfair to the investing public, and why so many day traders ultimately lose money.
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 The Electronic Day Trader by
George West, Marc Friedfertig
(Successful Strategies for On-line Trading)
Categories:
Day Trading Description:
Most of us have been conditioned to approach the stock market as a long-term proposition. Many of the bestselling investment books coach readers to seek value in the best companies for long periods of time. Day trading, a recent phenomenon brought on by the reform of the financial markets and by the growth of online trading, goes in just the opposite direction. Instead of buying and holding stocks for years, successful day traders make money by dipping in and out of the market in a matter of minutes, finding profit in the tiny fractions between the bid and asking price of a stock or by catching the ups and downs of stock prices, which are driven by everything including the latest news from CNBC or speculation on what Alan Greenspan ate for breakfast.
In The Electronic Day Trader, authors Marc Friedfertig and George West explain the rationale behind day trading and offer strategies that can help you become successful at this fast game of speculation and timing. The authors write, "Day trading appears so deceptively easy, yet in reality it is a never-ending challenge. It is a game, an opportunity to match wits against the majority and thereby prosper. Day trading the stock market is the ultimate opportunity to speculate and the ultimate game."
The book goes into great detail about how the various stock exchanges work and shows how to get direct access to the NASDAQ through various electronic trading systems. If you're looking for an investment book that will help you build a retirement portfolio, look elsewhere. But if the daily fluctuations in the price of a stock make your heart beat faster and if you're seriously interested in honing your skill as day trader or want to become one, The Electronic Day Trader is definitely worth a look.
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Categories:
Technical Analysis Description:
The Encyclopedia of Trading Strategies is for traders who want to take the next step to consistently profitable trading. The authors--themselves seasoned veterans of the futures trading arena--pinpoint the trading methods and strategies that have been shown to produce market-beating returns. Their rigorous and systematic backtesting of each method, using the same sets of markets and analytic techniques, provides a scientific, system-based approach to system development...to help you assemble the trading system that will put you on the road to becoming a more consistently profitable trader.
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 The Futures Game by
Richard J. Teweles, Frank J. Jones
(Who Wins, Who Loses, & Why)
Categories:
Top Ranked, Reference, Futures Description:
This is a somewhat discouraging book because it points out how difficult it is to succeed in futures trading and how much work and effort is required to become a successful trader. It is, however, an invaluable book because of the way it so bluntly gives you the facts about futures trading. If you're new to trading and think that this is an easy route to riches then this book will be an eye opener for you.
The book is sub-titled Who Wins, Who Loses, & Why and will give you an insight into the often quoted figures of why 90% of traders lose money and 10% of traders are winners.
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 When to Sell by
Justin Mamis
(Inside Strategies for Stock-Market Profits)
Categories:
Techniques and Strategies, Basics Description:
Book Description
A classic book that was updated and revised in 1994, now with a new foreword written by the author. A meaningful analysis, a few rules to follow, how to choose good charts, and numerous case histories. Guidelines to follow which help you to be self-reliant.
From the Publisher
Since the original publication of When to Sell in 1977, which was cited by the New York Times as one of the two or three best books ever written on the stock market, Justin Mamis gets the phone calls asking "how do we know when to sell?" Of course these phone calls come after the market has gone down. When prices are up, investors should be looking for "when to sell". Indentifying tops -- the emotions that accompany tops, the indicators that say it is a top, the stock actions that warns that it is getting to be time to sell - these are the meat of the book When to Sell. This book was completely rewritten in 1995 and now includes a new foreword by the author. Although many specifics have changed since the original book was first published over twenty years ago, there are also many consistent verities that need to be repeated. It still takes just as long to make a top, the same sort of failures can be identified whether one is dealing with American Buggy Whip or Microsoft and it still requires both patience and belief -- patience to wait for a big enough top to form and belief that it really is a top and thus has become time to sell.
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Categories:
Idiots and Dummies, Basics, Futures, Options Description:
About the Author
Scott Barrie owns Commodity, Futures and Equity Analytics and is the former head of research and operations for Great Pacific Trading Company in Oregon, an educational brokerage specializing in introducing newcomers to speculating in the futures and options markets. He has 12 years experience in the financial derivatives industry, including time as a trader and hedge specialist. He is a regular contributor to Stocks and Commodities magazine and Stock Traders Almanac and has been quoted in the Wall Street Journal, Investors Business Daily, and Barron's Weekly.
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Categories:
Investing, Idiots and Dummies Description:
Like the other books in the Complete Idiot's series, The Complete Idiot's Guide to Making Money on Wall Street is upbeat and geared to the absolute beginner. Starting very simply with how to come up with investment pin money, Christy Heady guides the reader slowly but surely down a road paved with CDs, mutual funds, stop orders, and dividend reinvestment plans. Heady does a good job of demystifying Wall Street lingo and priming the reader for talking to a broker or financial planner. Though the pace of the book is glacial enough that even neophytes may get impatient, there are some good warnings and tips that will save you money, and the slightly nervous investing beginner will find that the simple explanations of DRIPs, bonds, calls, puts, and futures makes it worth getting just to keep as a first reference before moving on to bigger titles.
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Categories:
Day Trading Description:
Electronic day trading is one of today's fastest growing, most exciting, and highest paying professions. Traders can--and do!--make thousands of dollars at the punch of a key. But if you think electronic trading is a game, you won't survive. Serious traders will show you the way out of the arena--after first, of course, none-too-gently helping themselves to your bankroll. Still ready to take these guys on? STRATEGIES FOR THE ONLINE DAY TRADER is written for the current trader who is serious about raising his level of expertise and becoming a successful electronic day trader. This realistic look at the world of electronic day trading familiarizes you with the psychology and philosophy behind day trading--along with the obstacles and pitfalls that can plague unwary gunslingers. Use STRATEGIES FOR THE ONLINE DAY TRADER to help you sidestep potentially disastrous errors as it points out which trades will tip the scales in your favor. This commonsense book shows you how to outsmart other traders, and see past their feints and dodges to discern their true intentions with unerring accuracy. Its NASDAQ Level 2 and NYSE SuperDOT trading strategies let you follow the inside market--plus what is beneath the inside market!--with trading lessons including: Risk management strategies that increase your leverage while reducing your exposure; The most effective trading strategies--and when, how, and why you can profit from each; A crash course in the basic theories of technical analysis; Analysis of the different behaviors of rising versus declining stocks; Understanding support and resistance levels, including breakouts and breakdowns, overshooting and undershooting; Factors involved in swing trading; High velocity, high probability scalping techniques. Specific risk-reducing strategies.…detailed, step-by-step analysis of trades both good and bad.…Charts and examples of scalp, swing, and core trades…. Everything you need to become a full-time professional day trader is in STRATEGIES FOR THE ONLINE DAY TRADER. Read it and you will truly understand the natural dynamics of price direction, the psychological traits required of successful online traders, and the innate instincts necessary to grab split-second trading profits at the leading edge of electronic day trading--the new century's most important trading phenomenon.
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Categories:
Basics, Technical Description:
Never got around to writing a review of this one, but you're talking about three tape-reading books in a hundred years. This may not be an absolutely essential book, but it's easy and interesting and he may just put something in a way that makes sense to you that didn't make sense before.
Book Description
The Three Steps to Successful Stock Trading. New 1970 edition of the classic about the mechanics of stock trading with a recent foreword by the author. Historically, the best selling book on the subject, Neill tells not only how to read the tape, but also how to reason out what's happening behind the scenes. Superb chapters on human nature and speculation. Figures and charts. Originally published in 1931.
About the Author
Humphrey Neill, the celebrated sage of Saxton's River, Vermont, has inspired generations of contrarians. His advice to investors: Beware of the crowd, don't be swept up by euphoria or down by despair. When everyone thinks alike, watch out. They're probably wrong. Neill's sharp thinking and homespun aphorisms are no less appropriate today than when he began to formulate the theory of contrary opinion three quarters of a century ago. In fact, Neill's ideas formed the basis for the Contra Fund that Fidelity Management established in 1967 and still manages today.
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 The Nature of Risk by
Justin Mamis
(Stock Market Survival & the Meaning of Life)
Categories:
Basics, Risk Description:
It's been four years since I first reviewed this book and I still consider it to be absolutely essential for anyone considering any sort of involvement in the financial markets. In fact, it's probably essential for anyone who is considering anything at all that entails more than minimum risk.
The amateurs miss the point. This is not about the best stochastic settings or how to massage the bid and the ask. This is about facing up to the very real risks inherent in the financial markets, including the very real risk of financial ruin. Amateurs don't see the risk; therefore, they don't bother to grapple with it. Instead, they would rather blow up and disappear. If one wants to last, he must come to terms with the nature of risk, his own tolerance for risk, an understanding of how to manage risk. Without that, he's doomed.
The Nature of Risk is a seminal work for anyone who understands that self-knowledge is key for success in the financial markets, particularly at market extremes. Rather than babble about risk in general, Mamis takes this engine apart and examines its parts, among which are information risk and price risk. He explains that as one's tolerance for information risk increases (the need to know why the stock is doing whatever it's doing), one's price risk diminishes (one is better able to jump in and take advantage of whatever opportunities for picking up cheaper shares present themselves). On the other hand, if one has no tolerance for information risk and must know everything about a stock's movement, his price risk will be that much greater because the price will likely, by then, have risen to an over-extended level. Therefore, having identified these components of risk (time risk is another), one must then balance them out in order to approach the markets rationally and unemotionally.
An extremely important work, particularly for the investor who is plagued by doubt, confusion, and anxiety.
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Categories:
Day Trading, Idiots and Dummies Description:
You're no idiot, of course. You can surf the Web with the best of them, and check the stock market online. You even did all your holiday shopping via the Internet. But when it comes to trading stocks and bonds, and especially making day trades, you leave it to your broker to call the shots. Don't make another phone trade! The Complete Idiot's guide to Day Trading Like a Pro shows you the secrets of going head-to-head with actual traders and brokers. You'll learn where the best trades are made, how to gain direct access to markets, and how to use the strategies of the top market makers.
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Categories:
Basics, Technical Description:
Understand Wyckoff and you'll understand the engine that drives stocks and markets rather than be distracted by the genuine imitation wood trim and the smell of the leather seats.
[Note: anything written by Wyckoff is worth study, but there's only so much to say, so if you're trying to read everything he ever wrote, don't be surprised by a sense of repetition; at that point, move on to Neill or Graifer or review Mamis and Magee.]
Book Description
One cannot become a Tape Reader by giving the ticker absent treatment; nor by running into his broker's office after lunch, or seeing "how the market closed" from his evening newspaper.... He should spend twenty-seven hours a week at the ticker, and many more hours away from it studying his mistakes and finding the "why" of his losses. -from "Introductory"
A 1910 classic of technical stock-market analysis, this is considered the most important work of one of the great market watchers of the early 20th century.
It covers: . stop orders and trading rules . volumes and their significance . market technique . "dull markets" and their opportunities . and more.
Nearly a century later, this primer on the basic laws of the market is still an invaluable resource for the broker or serious individual trader.
About the Author
RICHARD D. WYCKOFF (aka Rollo Tape) was publisher of Ticker Magazine, later known as The Magazine of Wall Street.
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 Smarter Trading by
Perry Kaufman
(Improving Performance in Changing Markets)
Categories:
Technical Analysis Description:
As a direct result of economic globalization and computerized trading, today's professional stock, bond, and futures traders face a career-making--or breaking--challenge: to track and immediately comprehend the bewildering place of market, volume, and price changes, then some how profit from this unexpected volatility. In Smarter Trading distinguished author and trader Perry Kaufman helps harried financial pros cope with financial market uncertainty by creating a "robust" trading model that adapts quickly to market changes and yields stronger, more predictable results. And he shows them how to make sense of the current barrage of sophisticated, hi-tech trading technologies--neural networks, fuzzy logic, expert systems, chaos, and fractals, to name a few--and align these weapons with their own trading strategies.
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Categories:
Psychology Description:
This book is written to give traders a winning edge. Winning eludes some 80 to 90 percent of people who trade.
Each year millions of dollars are spent creating and buying and selling trading systems. Hopeful traders seek the holy grail only to find that their latest acquisition doesn't work or they can't work it. Information flow is instant and vast. Computers calculate and grind out data 24 hours a day around the globe. Every conceivable edge is sought and provided. And still traders lose.
The rules for good trading are simple and understandable: Buy low, sell high, or buy high and sell higher. Sell low and buy lower. Cut your losses. Let your profits run. Never overtrade. Act promptly on signals to enter and exit. Trade a proven winning system or strategy as it was designed to be traded; i.e., take every signal and stay the course. Control and balance fear and greed.
But traders don't follow the rules, not even the rules they commit to following. As the Book of Common Prayer says, "That which I would not do, that I do." The prayer goes on to say, "And there is no health in me." It's a simple human condition which becomes quite large in trading.
The good news is that some traders do win. They win consistently over time. Success leaves clues. This book examines the clues and shows traders seeking to win how to run their own minds the way winning traders do.
It's not enough to simply know how to think or what to think. It's important to do it. This book outlines proven techniques for making the necessary mind shifts that will enable a trader to create a mental winning edge. Trading is, after all, mind over markets, quick action, clear thinking, and an unclouded intent to win.
About the Author
Ruth Barrons Roosevelt coaches traders around the world to trading excellence. She is exceptionally well qualified to offer such guidance to traders, as she has extensive trading experience and is to this day an active trader. Her experience covers multiple time frames, from position trading in virtually every futures market, to active and intense intraday trading in currencies, T-bonds, and S&P futures. She has traded S&P's intensively and actively since inception of trading in 1984, down to and including 1 minute bars. Her trading experience also includes active trading of mutual funds.
She is a former Vice President of Prudential Securities and of Thomson McKinnon. From 1981 to 1986 she headed the International Moneyline trading desk at Rudolf Wolf (New York). Before that she was a stock and futures broker at Drexel Burnham Lambert where she broke records by opening 250 accounts in one month. A graduate of the University of Michigan Law School, she is a member of the New York and California Bar Association. A frequent contributor to "Technical Analysis of Stocks and Commodities," she writes articles on the psychology of successful trading. She is the author of "Exceptional Trading" and co-author of "Living in Step" (McGraw-Hill, 1976). As founder and director of the Wall Street Hypnosis Center, she works with Wall Street professionals to achieve their optimal effectiveness.
Ruth has appeared on numerous national and international television programs including: CBS, NBC, CNN, and WWOR Evening News, CNBC, NBC The Today Show, Good Morning America, Japan Public Television, Nippon Television, Hungarian Public Television, Finland Television Channel 3, and the David Letterman Late Night Show. She has been profiled for her work with traders in Business Week, Barron's, The New York Times, New York Magazine, The Independent of London, the Toronto Star, and many other publications.
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 Beating the Dow with Bonds by
Michael B. O'Higgins, John McCarty
(A High-Return, Low-Risk Strategy for Outperforming the Pros Even When Stocks Go South)
Categories:
Investing, Bonds Description:
Book Description
In 1991, Michael B. O'Higgins, one of the nation's top money managers, revolutionized the investment industry by asserting that investors could beat the pros 95 percent of the time by putting 100 percent of their money into the "dog" stocks of the Dow. His book, Beating the Dow, became a bestselling investment classic and spawned an industry of websites and mutual funds, elevating the theory to legendary status.
Now, with equities dangerously overvalued and stock prices at an all-time high, O'Higgins turns his attention to bonds, providing a proven system for achieving the lowest risk, highest returns in a chaotic stock market--requiring less than five minutes per year and helping you beat the pros 95 percent of the time, regardless of market conditions. Utilizing a simple, proven method for mastering the market by determining the best investment choices, Beating the Dow with Bonds evaluates companies and bond ratings, to help you achieve the highest risk-adjusted returns. For investors with as little as $5,000, Beating the Dow with Bonds provides a safer, more reliable opportunity to beat the Dow not just in today's market--but in any market.
Book Info
Provides a proven system for achieving the lowest risk, highest returns in a chaotic stock market, requiring less than five minutes per year and helping beat the pros 95 percent of the time, regardless of market conditions. Softcover. DLC: Bonds--U.S.
About the Author
Michael B. O'Higgins, ranked in the top 1% of all money managers in the United States, runs O'Higgins Asset Management, Inc. in Miami, Florida. He is also the author of Beating the Dow with Bonds.
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 Beating the Dow by
Michael B. O'Higgins, John Downes
(Revised and Updated)
Categories:
Investing, Stocks Description:
Book Description
In 1991, Michael B. O'Higgins, one of the nation's top money managers, turned the investment world upside down with an ingenious strategy, showing how all investors--from those with only $5,000 to invest to millionaires--could beat the pros 95% of the time by putting 100% of their equity investment into the high-yield, low-risk "dog" stocks of the Dow Jones Industrial Average. His formula spawned a veritable industry, including websites, mutual funds, and $20 billion worth of investments, elevating the theory to legendary status.
Reflecting on the greatest bull market of our time, this must-have investment guide has been revised and updated for a new economy. With current company and stock profiles, as well as new charts, statistics, graphs, and figures, Beating the Dow is the smart investment that you--and your portfolio--can't afford to miss
Book Info
New edition reflects on the greatest bull market of our time and its overall effects on the stock market and updated for a new economy. Softcover.
About the Author
Michael B. O'Higgins, ranked in the top 1% of all money managers in the United States, runs O'Higgins Asset Management, Inc. in Miami, Florida. He is also the author of Beating the Dow with Bonds.
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 Steidlmayer on Markets by
J. Peter Steidlmayer, Steven B. Hawkins
(Trading with Market Profile)
Categories:
Technical Analysis, Market Profile Description:
Proven techniques for market profile users at any level
A "market profile" presents a number of basic elements from the market in an easily understood graphic format that, when analyzed properly, can yield profitable intraday and swing trades that traditional indicators do not reveal. Steidlmayer on Markets shows readers how to find these opportunities using the innovative techniques developed by the author during his many years of trading the market. This fully updated Second Edition covers innovations in both technology and technique-and broadens the scope of "market profile" to include stocks.
J. Peter Steidlmayer (Chicago, IL) joined the Chicago Board of Trade in 1963 and has been an independent trader ever since. Steidlmayer served on the Board of Directors of the Board of Trade in 1981-1983. While a director, he was responsible for initiating Market Profile and the Liquidity Data Bank. Steve Hawkins (Chicago, IL) has experience in trading in both stocks and commodities. Over the past seven years, Hawkins has educated traders across the globe. He has also collaborated on the writing of books on trading and written articles for industry trade publications. He is a graduate of the University of Illinois with a degree in economics.
New technology and the advent of around the clock trading have opened the floodgates to both foreign and domestic markets. Traders need the wisdom of industry veterans and the vision of innovators in today's volatile financial marketplace. The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered-some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.
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 Portfolio Management Formulas by
Ralph Vince
(Mathematical Trading Methods for the Futures, Options, and Stock Markets)
Categories:
Money Management Description:
Explores two neglected mathematical tools essential for competing successfully in today's frenzied commodities markets: quantity, which shows the proper amounts a trader should trade for a given market and system, and intercorrelation of returns (diversification), which shows not only which markets and systems to trade, but how to diversify with respect to trading the right quantities for each market. By using these lesser known tools in conjunction with the more popular trade/system selection tools, readers will see mathematically how success in the markets can be achieved, and how ``success'' without using all three is most likely incidental. In addition, non-stationary distribution of profits and losses and drawdowns are incorporated into the discussions to expose traders to the highs and lows of commodities markets and how best to leverage their assets.
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 Studies in Tape Reading by
Rollo Tape
(A 1910 classic on tape reading & stock market tactics)
Categories:
Basics, Technical Description:
Virtually everything written after Livermore and Wyckoff are variations on themes developed by these two men. Wyckoff was among the first to explain the accumulation-distribution cycle (which makes stock and market timing possible) and to develop the use of "surrogates", self-made indexes which consist of a handful of leading stocks in a group (such as semiconductors), which warn the investor of impending moves, and which enable the investor to filter out all the noise of broadcasters, publishers, newsletters, message boards, and chat rooms.
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Categories:
Psychology Description:
Twelve Habitudes of Highly Successful Traders uncovers all the habits unsuccessful traders refuse to accept.
"Have you ever found yourself fully intending to do one thing and ending up doing quite the opposite? Or promising yourself you won't do something and going ahead and doing it anyway? Or wanting to do something but finding yourself not doing it? These are sins of omission and commission and mixed behavior."
Ruth Barrons Roosevelt, a futures trader and international psychological trading coach, shows traders how to recognize emotions, resolve conflicts and how to make good habits a second nature.
Are you the reason for your inability to be a prosperous trader? You may see an opportunity, have the courage to invest, and yet end up sabotaging the trade before fruition. She guides you into acknowledging your strengths and weaknesses and gives practical successful resolutions.
Ruth's first book on trading psychology, Exceptional Trading, is a well acknowledged success and this book should equal or exceed your expectations. The reader will want to review the book each year to assess his current trading 'habitudes' and make adjustments under her competent tutelage.
You get an extra bonus when you purchase this title or her first book. As you recognize your shortcomings and bad 'habitudes' in trading, you'll find you can apply them to your whole life. Along with owners of her first book, you will begin looking for another new title authored by Ruth Barrons Roosevelt.
About the Author
Ruth Barrons Roosevelt coaches traders around the world to trading excellence. She is exceptionally well qualified to offer such guidance to traders, as she has extensive trading experience and is to this day an active trader. Her experience covers multiple time frames, from position trading in virtually every futures market, to active and intense intraday trading in currencies, T-bonds, and S&P futures. She has traded S&P's intensively and actively since inception of trading in 1984, down to and including 1 minute bars. Her trading experience also includes active trading of mutual funds.
She is a former Vice President of Prudential Securities and of Thomson McKinnon. From 1981 to 1986 she headed the International Moneyline trading desk at Rudolf Wolf (New York). Before that she was a stock and futures broker at Drexel Burnham Lambert where she broke records by opening 250 accounts in one month. A graduate of the University of Michigan Law School, she is a member of the New York and California Bar Association. A frequent contributor to "Technical Analysis of Stocks and Commodities," she writes articles on the psychology of successful trading. She is the author of "Exceptional Trading" and co-author of "Living in Step" (McGraw-Hill, 1976). As founder and director of the Wall Street Hypnosis Center, she works with Wall Street professionals to achieve their optimal effectiveness.
Ruth has appeared on numerous national and international television programs including: CBS, NBC, CNN, and WWOR Evening News, CNBC, NBC The Today Show, Good Morning America, Japan Public Television, Nippon Television, Hungarian Public Television, Finland Television Channel 3, and the David Letterman Late Night Show. She has been profiled for her work with traders in Business Week, Barron's, The New York Times, New York Magazine, The Independent of London, the Toronto Star, and many other publications.
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Categories:
Investing, Idiots and Dummies Description:
Investing Online for Dummies is an invaluable resource for those who want to take advantage of the timely nature of the Internet for online investing. Author Kathleen Sindell covers all the bases for the online investor including setting up stock screens, selecting mutual funds, fishing for IPOs, and online banking and trading. This book is loaded with links to investment resources on the Internet and also includes a CD-ROM with demos of various investment tools and popular shareware programs. Highly recommended for online investors.
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Categories:
Basics, Technical Description:
Since most novices -- and not-so-novices -- are interested primarily in buying when the blue line crosses the red line and are therefore searching for which blue line is the "best" and what settings are the "best", there isn't much out there on the basics of supply/demand, support/resistance, price/volume. Those who would like to understand what's going on rather than just be told which button to push will benefit from this book.
My review: There's been little of value written on tape reading since Neill's book in the 40s, and before that, Wyckoff's work in the 20s and 30s. Possibly the popularity of "indicators" stole some of tape reading's thunder, since indicators are purportedly "simpler" to use.
I had hoped that the book would be a bit more thorough, but after finishing it and giving it a second read, I understood that what Vad and Chris are trying to do is reduce TR to a set of basic principles, easy to explain, easy to understand. The buts and unlesses and on the other hands are left to many specific examples which illustrate just what it is they're trying to get across. In this way, one can come up with his own examples to illustrate the concepts rather than rely on some sort of "blueprint", in the event that he is trading a different market, a different bar interval, a different timeframe, or even using indicators to supplement his judgement.
Unfortunately, the book begins with what has become the obligatory "once I was a loser and then I became a winner" section. Not that it's boring or that there's anything wrong with this sort of autobiographical touch. After all, one would most likely be put off by someone who puts out a trading book beginning with only his successes and giving no hint of the often rocky road one must travel in order to achieve those successes. But those who have read more than a few trading books are likely to find that they could have skipped this and gone right to the meat of the book, i.e., the principles of tape reading, and there's plenty of meat here. No, the book is not encyclopedic, but, contrary to what you may have heard, tape-reading does not require the encyclopedic approach. Keep It Simple.
If all you have, then, are Wyckoff and Neill, this should pull everything together for you in a way that will enable you to gain some traction on this tape-reading stuff. The advice on how to create a setup and how to evaluate what you've created should be of particular benefit to beginners who continue to struggle with this and with the misleading notion that the riches lie in finding that one perfect golden setup.
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Categories:
Investing, Idiots and Dummies Description:
You're no idiot, of course. You try to keep your credit card debt to a minimum, set aside a little money when you can for a rainy day, and even brown-bag it sometimes to keep your wallet lined with cash. But when it comes to taking that extra money and investing it, you feel like the safest place to put your cash is under your mattress. Don't stuff your Posturepedic just yet! The Complete Idiot's Guide to Investing Like a Pro gives you the expert information you need to make sense of the investing world and make your money work for you.
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Categories:
Psychology, Basics Description:
This is the book I would recommend to anyone interested in trying his hand at the stock market.
It is not, however, exciting, by any stretch of the imagination. Nor is it a book to read over the weekend. Magee takes his time, and the reader would do well to take his time also.
This is a book to think long thoughts about. It is not at all difficult. It is, in fact, very easy. But the concepts which it addresses are fundamental, in the deepest sense of the word, to an understanding of what markets are, how they work, and what one can expect to earn from them.
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Categories:
Money Management, Technical Analysis Description:
This is a no-nonsense look at the mathematical calculations needed to optimize investment and trading return on any winning strategy. Using these technique you can take a profitable trading strategy and turn it into a very profitable trading strategy. A number of the concepts and techniques that the author talks about in this book are used in producing the figures that you will see in the Trading Strategies section of this web site.
You need to know how to manage the money that is in a trade and how to scale in, scale out and build positions that are defined by risk and exposure. You need to know all of this information and build a Money Management plan before you place your first trade. Without a sound Money Management technique you're wasting your money on the next trade that you make.
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Categories:
Investing, Idiots and Dummies Description:
With this concise, superbly organized reference, you'll find out how easy it is to manage your investments and track your growing wealth online. Discover how to research stocks, diversify your portfolio, make stock trades online, get up-to-the-minute investment news, and more.
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 Bulls, Bears and Brains: by
Adam Leitzes, Joshua Solan
(Investing with the Best and Brightest of the Financial Internet)
Categories:
Futures, Interviews Description:
Two University of Pennsylvania undergraduates (and Forbes contributors) gather advice from top investors in Bulls, Bears, and Brains: Investing with the Best and Brightest on the Financial Internet. Adam Leitzes and Joshua Solan interview 20 investors with successful track records and their own Web sites. Veterans like Wharton professor Jeremy Siegel (Stocks for the Long Run), Deutsche Bank strategist Ed Yardeni and Karin Housley (founder of Chicks Laying Nest Eggs Investment Club) share their varied investment philosophies. Along the way, Leitzes and Solan solicit practical advice (e.g., what to look for in an annual report) and lessons in economics (like why the Nasdaq rose so high and fell so hard) (PublishersWeekly, February 11, 2002)
"the interviews are fun reads-and interesting peeks into the minds of people who use the Internet to further their investment strategies" (Barrons, 14 October 2002)
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Categories:
Techniques and Strategies, Technical Analysis Description:
Some of the reviews that have received: "Market Wizard" Linda Bradford Raschke ("...proof that a trader need 'specialize' in only a few patterns to make a good living. ...highly recommended."), Joe Ross ("...destined to become a classic.") and David Caplan ("Extremely well-written and usable by all levels of traders, from beginning to professional.").
The techniques of trading, i.e. picking entry and exit points, has been left to the end of the reading list. Until you have absorbed the first 8 books in this list there is little reason to know why or when you should enter a trade. These are just two books that discuss trading techniques. There are hundreds out there and you need to find a technique and style of trading that suits yourself.
The two books mentioned here will open your eyes and minds to some of the possibilities and launch you into further discovery. Good luck!
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 Steidlmayer on Markets by
J. Peter Steidlmayer
(A New Approach to Trading)
Categories:
Technical Analysis, Market Profile Description:
A complete guide to Steidlmayer's new approach to markets, especially the futures markets. Part I provides background information based on Steidlmayer's experiences as a commodities trader, showing how he developed his ideas and learned to apply them to futures trading. Part II outlines his theory of markets, explains factors that determine prices, and describes the Market Profile and Liquidity Data Bank systems. Part III provides detailed applications, showing how to read market activity, recognize both fundamental and technical factors underlying price movements, and make sound investment and trading decisions.
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 Dancing With Lions by
Trader X
(One man's odyssey through the Chicago markets, Trading, and Self-Discovery)
Categories:
Biography Description:
Book Description
Trader X has detailed his personal involvement in the business of futures and options trading. This is his personal story of where he came from, how he got to be a net profitable trader through his experience, and what he discovered about the true nature of the markets and reality as he has come to understand it. The book is written under the assumption that the reader has some knowledge or basic understanding of the markets. For the casual observer or reader who has no experience with the markets, the forward sets the stage for that person. The book contains additional explanations throughout to help the uninitiated follow along. For the serious student of the markets, or someone intimately involved in trading, the author believes he will fully understand this experience and find value he can apply to his own trading. The author makes it very clear this is not a "how to" book on trading.
About the Author
Trader X has been trading for over 10 years. He started by working in brokerage houses. Throughout his trading careeer he has realized that 90% of the trading philosophies and books available do not work. He set out to find out the truth about trading. This book is about his failures and his ultimate success in understanding himself and the markets.
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 Markets 101 by
Kevin Koy
(Insights into Understanding the Inner Workings of Financial Markets)
Categories:
Day Trading, Market Profile Description:
No description available yet. Do you have a description for this book? Please let us know in the forum and we will enter it here for you. Thanks!
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Categories:
Psychology Description:
Veteran trader and trading coach Ruth Roosevelt shows you how to overcome 7 psychological and emotional barriers to trading success. Readers of her earlier books know the deep insights that she provides for traders to develop a winning attitude and mindset.
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Categories:
Psychology Description:
I bought this book after Jim passed away on September 11, 2001 in 1 World Trade Center. He told us about this book in 1997, and I was so glad it was still in print. It is an excellent book, and it is written by an extraordinary individual. When I met Jim I could tell he was amazing, and his personality comes through in this work, which is part autobiography and part trading treatise. Jim's rise and fall and subsequent rise again makes for an incredible story, and his insight into the markets are superb. Even if you are not interested in the market, this book is worth purchasing just to learn more about Jim's amazing life story. Jim is candid, funny and dynamic in this work. I wish the world had more people like Jim Paul and more books like "What I learned While Losing a Million Dollars."
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