The best books for trading stocks part-time

Why am I passionate about this?

I grew up poor. At 6 years old, I was homeless. My parents had a messy divorce, and I was bounced around a lot as a child. As a result, I grew up with many limiting beliefs; about myself and about money. By age 13, I heard about the stock market and the ability to turn a little into a lot. By the time I graduated high school, I had saved up some money and placed my first trade… I then struggled for more than a decade. After learning the hard way, I finally turned the corner in 2011. My dream is to help others do the same.


I wrote...

The Trading Mindwheel: Eight Essential Skills for Trading Mastery

By Michael Lamothe,

Book cover of The Trading Mindwheel: Eight Essential Skills for Trading Mastery

What is my book about?

The Trading Mindwheel: Eight Essential Skills for Trading Mastery, gives you a hands-on and practical roadmap to personal investing success. In the book, you'll explore the belief systems, mindsets, and market psychology you need to master to maximize your investment returns. You'll also learn to analyze trades, markets, and risk as you manage your portfolio and continuously improve and validate your own skills.

You'll also find ways to use journaling as a roadmap to continuous personal improvement; strategies for using post-analysis to validate your own skills and trades; and methods for managing individual trades and portfolios in a way that limits relevant risks. A can't-miss resource for anyone interested in trading, investing, finance, and personal wealth, The Trading Mindwheel: Eight Essential Skills for Trading Mastery.  

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The books I picked & why

Book cover of How I Made $2,000,000 in the Stock Market

Michael Lamothe Why did I love this book?

Darvas’s book How I Made 2 Million In The Stock Market wasn’t the first book I read, but it was the one that gave me the biggest confidence boost when I was trading part-time. 

Darvas was a professional ballroom dancer who taught himself how to trade part-time back in the 1950s. Back then there was no internet, he drew his charts by hand, and transaction fees were over $100 in today’s money. 

He saw not being glued to the market all day as his advantage and he leveraged it. He even threatened his broker not to call him in the middle of the day. He did all of his work at night and on weekends. 

This book reads like a novel. If you’re looking for inspiration, and a basic philosophy that can still work today, this is it!

By Nicolas Darvas,

Why should I read it?

1 author picked How I Made $2,000,000 in the Stock Market as one of their favorite books, and they share why you should read it.

What is this book about?

Nicolas Darvas was a world famous dancer and a self taught investor. He had never considered investing in the stock market until he was paid in stock for a performance. That stock shot up in value and he realize that there was a great deal of money to be made investing in stocks. Over the next few years he read widely about stocks and spent every free moment studying the market. In a very short amount of time he learned when to buy, when not to buy, and when to sell. This book spells out exactly how Nicolas Darvas made…


Book cover of How to Make Money in Stocks: A Winning System in Good Times and Bad

Michael Lamothe Why did I love this book?

William O’Neil’s How To Make Money In Stocks is great for anyone looking to learn how to trade stocks part-time.

It gives you a framework of what actually causes stocks to make the big moves of 300%, 500%, 1,000% or more over the span of a few months to a few years along with a historical perspective of why they move the way they move and a strategy of how to take advantage of it that doesn’t require tuning into the news or being glued to a PC all day.

One of the big things you’ll learn in O’Neil’s book is that modeling success is key. The book starts out with over 100 pages of annotated charts of the biggest winning stocks in history. What you’ll quickly notice is that history repeats itself, over and over again.

By William O'Neil,

Why should I read it?

2 authors picked How to Make Money in Stocks as one of their favorite books, and they share why you should read it.

What is this book about?

THE NATIONAL BESTSELLER!

Anyone can learn to invest wisely with this bestselling investment system!

Through every type of market, William J. O'Neil's national bestseller, How to MakeMoney in Stocks, has shown over 2 million investors the secrets to building wealth.O'Neil's powerful CAN SLIM (R) Investing System-a proven 7-step process for minimizingrisk and maximizing gains-has influenced generations of investors.

Based on a major study of market winners from 1880 to 2009, this expandededition gives you:

Proven techniques for finding winning stocks before they make big price gains Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains…


Book cover of Super Trader: Make Consistent Profits in Good and Bad Markets

Michael Lamothe Why did I love this book?

Van Tharp’s Super Trader is the book that changed my perspective on trading.

After reading it I began thinking of trading like a business (O’Neil touches on this as well) that works best with well-designed systems and processes.

Tharp goes deep into psychology and belief systems. He says “We don’t actually trade the market. We trade our beliefs about the market.” If this is the case, we better gain as much awareness of our beliefs as we can! He was a huge inspiration in this department and was one of my biggest inspirations in the realm of trading psychology.

Tharp also introduces position sizing concepts in this book that reveal “how much we bet” has far more to do with our overall success in trading than most anything else. Even more so than where we enter and exit. 

By Van Tharp,

Why should I read it?

1 author picked Super Trader as one of their favorite books, and they share why you should read it.

What is this book about?

Think like a trader. Act like a trader. Become a Super Trader.

"Let your profits run!" It's the golden rule by which all Super Traders live. With the help of investing guru Dr. Van K. Tharp, you can join the ranks of full-timetraders who consistently master the market.

Super Trader provides a time-tested strategy for creating the conditions that allow you to reach levels of trading success you never thought possible. Providingexpert insight into both trading practices and psychology, Tharp teaches you how to steadily cut losses short and meet your investment goals through the use of position sizing strategies--the…


Book cover of Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

Michael Lamothe Why did I love this book?

Mark Minervini’s Think and Trade Like A Champion solidifies the lessons in Darvas, O’Neil, and Tharp and takes it to a whole other level! Mark is one of the big reasons why I was finally able to put everything together, find my own success, and do it all while still working the 9-5. This book changed my life.

In Think and Trade Like a Champion you’ll learn the finer details and nuances of chart patterns (what to look for and how to trade them) and what to avoid, the sizing and risk management strategies that helped Mark win multiple US Investing Championships including how to manage the reward to risk relationship, mindset, plus a whole lot more.

Mark has written several books and I recommend studying each of them. Think and Trade Like A Champion is my personal favorite.

Mark also wrote the Foreword to my book.

By Mark Minervini,

Why should I read it?

1 author picked Think & Trade Like a Champion as one of their favorite books, and they share why you should read it.

What is this book about?

THE MOST EAGERLY AWAITED INVESTMENT BOOK OF THE YEAR MORE THAN 80 CHART EXAMPLES INCLUDES BONUS PSYCHOLOGY CHAPTER – MARK MINERVINI WITH PERFORMANCE COACH JAIREK ROBBINS "Most traders and money managers would be delighted to have Minervini’s worst year as their best… he has run circles around most PhDs trying to design systems to beat the market." -- JACK SCHWAGER, bestselling author of Stock Market Wizards In Think & Trade Like a Champion, Mark will show you, step-by-step, how to use his time-tested principles to dramatically improve your performance and develop the confidence needed to achieve Superperformance. Mark reveals his…


Book cover of Reminiscences of a Stock Operator

Michael Lamothe Why did I love this book?

One of the best ways to understand the psychology of trading is through storytelling, seeing it through someone else’s eyes.

Reminiscences of a Stock Operator tells the story of Jesse Livermore who is considered one of the best traders to have ever lived. 

This book helped me understand the emotional gravity of what I was getting myself into. The book shares Jesse’s journey from starting in bucket shops to cornering the cotton market, to going broke and coming back and going broke again! 

If you’re going to get involved in trading, you need an understanding of not just the strategies but the emotions involved in trading. Reminiscences of a Stock Operator grabs you, sucks you in, and gets you feeling some of the emotional highs and lows that Jesse went through, and what to avoid.

By Edwin Lefèvre,

Why should I read it?

7 authors picked Reminiscences of a Stock Operator as one of their favorite books, and they share why you should read it.

What is this book about?

Reminiscences of a Stock Operator is a fictionalized story based on the trading career of Jesse Livermore. It follows his journey from the age of 15 when he made his first $1,000 to becoming a Wall Street legend.


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A Last Survivor of the Orphan Trains: A Memoir

By Victoria Golden, William Walters,

Book cover of A Last Survivor of the Orphan Trains: A Memoir

Victoria Golden Author Of A Last Survivor of the Orphan Trains: A Memoir

New book alert!

Why am I passionate about this?

Author Story teller Book fav swapper Movie buff A writer’s daughter Escapee from Beverly Hills

Victoria's 3 favorite reads in 2023

What is my book about?

Four years old and homeless, William Walters boarded one of the last American Orphan Trains in 1930 and embarked on an astonishing quest through nine decades of U.S. and world history.

For 75 years, the Orphan Trains had transported 250,000 children from the streets and orphanages of the East Coast into homes in the emerging West, sometimes providing loving new families, other times delivering kids into nightmares. Taken by a cruel New Mexico couple, William faced a terrible trial, but his strength and resilience carried him forward into unforgettable adventures.

Whether escaping his abusers, jumping freights as a preteen during the Great Depression, or infiltrating Japanese-held islands as a teenage Marine during WWII, William’s unique path paralleled the tumult of the twentieth century—and personified the American dream.

A Last Survivor of the Orphan Trains: A Memoir

By Victoria Golden, William Walters,

What is this book about?

SHORTLISTED, NORTHERN CALIFORNIA BOOK AWARDS

WINNER, DA VINCI EYE AWARD FOR COVER DESIGN, ERIC HOFFER BOOK AWARDS

HONORABLE MENTION, ERIC HOFFER BOOK AWARDS, E-BOOK NONFICTION

FINALIST, NEXT GENERATION INDIE BOOK AWARDS, E-BOOK NONFICTION

FINALIST, NEXT GENERATION INDIE BOOK AWARDS, MEMOIRS (Overcoming Adversity)

HONORABLE MENTION, READERS' FAVORITE BOOK AWARDS, GENERAL NONFICTION

From 1854 to the early 1930s, the American Orphan Trains transported 250,000 children from the streets and orphanages of the East Coast into homes in the emerging West. Unfortunately, families waiting for the trains weren’t always dreams come true—many times they were nightmares.

William Walters was little more than a…


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