I have been trading for over 30 years now, and I was lucky to be one of the part-time “hobby” traders to be successful enough to trade full time. Along the way, I was a 3-time trophy winner in the world’s premier real time, real money futures trading contest. My passion is trading, both for my personal accounts and in assisting my students with their trading. While I always say “trading is the hardest way to make easy money” this field is my lifelong passion.
I wrote...
Entry and Exit Confessions of a Champion Trader: 52 Ways A Professional Speculator Gets In And Out Of The Stock, Futures And Forex Markets
By
Kevin J. Davey
What is my book about?
Are you looking for trading entry and exit ideas for your trading strategies? If so, this book is just what you need. This informative guide includes 41 entry ideas, 11 exit ideas, and code in Tradestation format and plain English for each (NinjaTrader 7 and 8 code available in the complimentary Book Bonuses described in the book).
Each entry and exit has been used in actual strategies by Champion trader Kevin J. Davey. Also included are detailed steps for how best to incorporate these entries and exits into your own trading. Start building strategies today with these fully described entries and exits!
When you buy a book we may earn a small commission.
The Books I Picked & Why
Reminiscences of a Stock Operator
By
Edwin Lefèvre
Why this book?
If you want to be a trader, you have to start thinking like a trader. And that is what this book does – after you read it a few times, you will start to think like a trader. I re-read this book probably once a year, and every time it gives me fresh insights into my own trading. It is strange and ironic that a book written generations ago could be so timely for today’s trading world, but this book will definitely make you a better trader.
When you buy a book we may earn a small commission.
Trade Your Way to Financial Freedom
By
Van Tharp
Why this book?
Good trading does not always involve just buying and selling decisions. If it was, trading would be much easier! To be a successful trader, you must have your psychological “house” in order. And that is what this book is superb for. Trade Your Way To Financial Freedom assists you in navigating the turbulent mental, emotional and psychological waters all traders face.
When you buy a book we may earn a small commission.
Market Wizards: Interviews with Top Traders
By
Jack D. Schwager
Why this book?
There are quite a few titles in the Market Wizards book collection, but my personal favorite is still the first of the series. In the book, Jack interviews different successful traders and investors. You’ll get to learn the basics of what they did (I personally know of one reader who started a successful hedge fund after reading one chapter of this book), but more importantly, you will be able to understand and explore the mindset of winning traders. Reading this book will help you mimic the behavior of some of the great traders of our time.
When you buy a book we may earn a small commission.
What I Learned Losing a Million Dollars
By
Jim Paul,
Brendan Moynihan
Why this book?
It is a shame the author of this book died in the 9/11 World Trade Center terrorist attack because I always wanted to hear more from him. As with most of the books on this list, for me the details of what he did (did he enter with moving averages? How did he apply stochastics to his entry signals? Etc.) are not nearly as important as his mental state of mind. What did he feel like losing $1 million? How did he recover mentally? For me, being a good trader involves dealing with losses, and this book does a superb job of detailing how one trader did just that.
When you buy a book we may earn a small commission.
Encyclopedia of Candlestick Charts
By
Thomas N. Bulkowski
Why this book?
For me, a big part of being a successful algo trader is having a lot of trading ideas to test and evaluate. I see trading ideas as the raw material to use in your trading strategy factory. This book on candlesticks surely delivers in that regard. The candlestick patterns in this book can supply hundreds of possibilities for your trading system development.
