I decided to add this page to share with you some of the books I have read that could help you with trading, whether it’s the stock market or commodities. There are many great trading books, I’ve probably forgotten several.
I hope this helps you with your reading list. I’ve also added a few personal development books that I’ve read. Please feel free to share any book you’ve read that you think might be a “good read”.
Reminiscences of a Stock Operator by Edwin Lefevre
comment: This book is about the trading exploits of Jesse Livermore, one of the legendary traders of all time. This is from a time period of 1900-1920 or so, but the lessons are timeless. I have read this books several times.
Technical Analysis of Stock Trends by Robert D. Edwards and John Magee
comment: current edition is 10th Edition, (I have the 5th edition, 1966); excellent reference for many of the classic charting techniques.
Elliott Wave Principle, Key to Market Behavior by Robert R. Prechter and A.J. Frost (1978) comment: This is the first book on Elliott Wave and considered a classic and must read.
Market Wizards, Interviews with Top Traders by Jack D. Schwager (1989)
comment: This is a great book. I have read it several times.
The Logical Trader by Mark B. Fisher (2002)
comment: Paul Tudor Jones wrote the Foreword to this book and says “I am going to add Fish’s book to my list of must reads for the beginning trader.”
Pit Bull by Martin “Buzzy” Schwartz (1998)
comment: This is a great book. Schwartz started out trading options then moved to futures. This is a very entertaining and insightful book.
Technical Analysis of the Financial Markets by John J. Murphy (1986)
comment: My caution about this book and Martin Pring’s book is that so many indicators are discussed it can be overwhelming. The key is to have a broad understanding but then pick just a couple to use. Many indicators are redundant in the signal they send. Price is ultimately the most important factor.
Technical Analysis Explained by Martin Pring (2002)
comment: somewhat similar to John Murphy’s book.
Japanese Candlestick Charting Techniques by Steve Nison (2001) comment: Good book and excellent techniques to understand. My only caution is not to overly rely on a candlestick formation. I like the visual of candlesticks for charting.
New Market Wizards, Conversations with Top Traders by Jack D. Schwager (1992)
comment: This is also a good read but not quite as good as the first.
The Disciplined Trader, Developing Winning Attitudes by Mark Douglas (1990) comment: Excellent book. I found that I could pick and choose chapters in here rather than read cover to cover. Mark helps you understand that trading “isn’t you against the markets, it’s just you.”
The Tao of Poker, 285 rules to transform your game and your life by Larry W. Phillips (2003) comment: This is a great read. So many of the rules and insights are applicable to trading.
Other Market Related Books I’ve Read
The Psychology of Trading, Tools and Techniques for Minding the Markets
by Brett N. Steenbarger (2003)
Trade Your Way to Financial Freedom by Van K. Tharp (1999)
Super Trader by Van K. Tharp (2011)
Art of the Trade by R.E. McMaster (2003)
The Inner Voice of Trading by Michael Martin (2011)
Hot Commodities by Jim Rogers (2004)
Investment Biker, Around the World with Jim Rogers by Jim Rogers (1994)
Adventure Capitalist, The Ultimate Road Trip by Jim Rogers (2003)
Diary of a Professional Commodity Trader by Peter Brandt (2011)
Street Smarts by Linda Raschke and Larry Connors (1995)
Way of the Turtle by Curtis M. Faith (2007)
How I Made $2,000,000 in The Stock Market by Nicolas Darvas (1960s?)
The Education of a Speculator by Victor Niederhoffer (1997)
Practical Speculation by Victor Niederhoffer (2003)
Conquer the Crash by Robert R. Prechter (2002)
Ugly Americans, The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions by Ben Mezrich (2004)
Too Big to Fail by Andrew Ross Sorkin (2009)
The Great Depression – A Diary by Benjamin Roth (2009)
Stan Weinstein’s Secret for Profiting in Bull and Bear Markets by Stan Weinstein (1988)
The Alchemy of Finance by George Soros (1987)
Day Trading with Short Term Price Patterns and Opening Range Breakout by Tony Crabel (1990)
The Monk Who Sold His Ferrari by Robin Sharma (1997)
Golf Is Not a Game of Perfect by Dr. Bob Rotella (1999)
The Magic of Thinking Big by David J. Schwartz (1967)
The One Thing, The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller (2012)