The best trading books that helped me become a champion trader

Kevin J. Davey Author Of 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

Who am I?

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,

Book cover of Entry and Exit Confessions of a Champion Trader: 52 Ways A Professional Speculator Gets In And Out Of The Stock, Futures And Forex Markets

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!

The books I picked & why

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Reminiscences of a Stock Operator

By Edwin Lefèvre,

Book cover of Reminiscences of a Stock Operator

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.


Trade Your Way to Financial Freedom

By Van Tharp,

Book cover of Trade Your Way to Financial Freedom

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.


Market Wizards: Interviews with Top Traders

By Jack D. Schwager,

Book cover of Market Wizards: Interviews with Top Traders

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.


What I Learned Losing a Million Dollars

By Jim Paul, Brendan Moynihan,

Book cover of What I Learned Losing a Million Dollars

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.


Encyclopedia of Candlestick Charts

By Thomas N. Bulkowski,

Book cover of Encyclopedia of Candlestick Charts

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.


5 book lists we think you will like!

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And, 3 books we think you will enjoy!

We think you will like Trader Vic--Methods of a Wall Street Master, Trades about to Happen: A Modern Adaptation of the Wyckoff Method, and The Three Skills of Top Trading: Behavioral Systems Building, Pattern Recognition, and Mental State Management if you like this list.