My favorite books on trading the markets

Why am I passionate about this?

Perry has spent his career developing trading systems for both investors and institutions. His well-known Trading Systems and Methods includes hundreds of strategies, but Kaufman Constructs Trading Systems shows how to select and use the most practical of those trading methods. He develops a range of strategies from the bottom us, including rules, testing, and implementation. He explains why these features are important and how they work together. If you have any interest in developing your own trading system, or a desire to understand what goes into a successful system, you will want to read this.


I wrote...

Kaufman Constructs Trading Systems

By Perry J. Kaufman,

Book cover of Kaufman Constructs Trading Systems

What is my book about?

This is a step-by-step guide to developing a successful trading system for stocks and futures.

This book not only answers key questions about trading systems and development that were asked by attendees at his conferences, but it also takes the process to another level, giving more examples of systems and covering far more topics that are essential to success. It has also been published as an ebook so that it can be easily accessed worldwide. Readers will find a complete discussion of how to develop trend systems, mean reversion methods, and both daily and intraday trading systems.

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The books I picked & why

Book cover of The Logic of Failure: Recognizing and Avoiding Error in Complex Situations

Perry J. Kaufman Why did I love this book?

We are often not successful at long-term forecasting or assessing unintended consequences. Dorner’s book takes a group of executives, gives them complete control over a third-world country, and challenges them to improve their quality of life. Only a very few succeed. You will need to figure out why so many top executives failed and why some succeeded. It’s worth your time to figure it out.

By Dietrich Dorner,

Why should I read it?

3 authors picked The Logic of Failure as one of their favorite books, and they share why you should read it.

What is this book about?

Why do we make mistakes? Are there certain errors common to failure, whether in a complex enterprise or daily life? In this truly indispensable book, Dietrich Doerner identifies what he calls the logic of failure",certain tendencies in our patterns of thought that, while appropriate to an older, simpler world, prove disastrous for the complex world we live in now. Working with imaginative and often hilarious computer simulations, he analyzes the roots of catastrophe, showing city planners in the very act of creating gridlock and disaster, or public health authorities setting the scene for starvation. The Logic of Failure is a…


Book cover of Trading Systems and Methods

Perry J. Kaufman Why did I love this book?

This is my classic book on stock and futures trading systems. It is both a complete learning guide and a reference work of 1200 pages. You will find hundreds of ideas, rules, and analyses of trading methods along with spreadsheets and computer programs to speed up the learning process. Long considered the best book on trading systems.

By Perry J. Kaufman,

Why should I read it?

2 authors picked Trading Systems and Methods as one of their favorite books, and they share why you should read it.

What is this book about?

The new edition of the definitive reference to trading systems-expanded and thoroughly updated.

Professional and individual traders haverelied on Trading Systems and Methods for over three decades. Acclaimed trading systems expert Perry Kaufman provides complete, authoritative information on proven indicators, programs, systems, and algorithms. Now in its sixth edition, this respected book continues to provide readers with the knowledge required to develop or select the trading programs best suited for their needs. In-depth discussions of basic mathematical and statistical concepts instruct readers on how much data to use, how to create an index, how to determine probabilities, and how best…


Book cover of Reminiscences of a Stock Operator

Perry J. Kaufman Why did I love this book?

This is the most famous book on trading, the story of Jesse Livermore. It shows how he watched the patterns on the ticker tape, developed his trading style, and became rich. It is the book that all traders read when they go through a period of uncertainty. It is an uplifting story.

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.


Book cover of The Logical Trader

Perry J. Kaufman Why did I love this book?

Mark Fisher was a landmark on NYMEX, the owner of its largest clearing operation. A veteran intraday trader, he explains his own trading method. It is a valuable look at how a floor trading and professional extracts short-term profits from the market. There are few professionals that share their methods.

By Mark B. Fisher,

Why should I read it?

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

What is this book about?

An in-depth look at the trading system that anyone can use The Logical Trader presents a highly effective, yet simple trading methodology that any trader anywhere can use to trade almost anything. The "ACD Method" developed and refined by Mark Fisher after many years of successful trading, provides price points at which to buy and sell as determined by the opening range of virtually any stock or commodity. This comprehensive guide details a widely used system that is profitably implemented by many computer and floor traders at major New York exchanges. The author's highly accessible teaching style provides readers of…


Book cover of Encyclopedia of Candlestick Charts

Perry J. Kaufman Why did I love this book?

This book explains every candlestick pattern you can think of, and more. The best part is that Bulkowski has tested each pattern and summarized the results. He puts the best patterns at the front of the book, so you do not need to read everything to find what you are really looking for. I use it as a reference quite often.

By Thomas N. Bulkowski,

Why should I read it?

2 authors picked Encyclopedia of Candlestick Charts as one of their favorite books, and they share why you should read it.

What is this book about?

Following in the footsteps of author Thomas Bulkowski's bestselling Encyclopedia of Chart Patterns -and structured in the same way-this easy-to-read and -use resource takes an in-depth look at 103 candlestick formations, from identification guidelines and statistical analysis of their behavior to detailed trading tactics. Encyclopedia of Candlestick Charts also includes chapters that contain important discoveries and statistical summaries, as well as a glossary of relevant terms and a visual index to make candlestick identification easy.


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Me and The Times: My wild ride from elevator operator to New York Times editor, columnist, and change agent (1967-97)

By Robert W. Stock,

Book cover of Me and The Times: My wild ride from elevator operator to New York Times editor, columnist, and change agent (1967-97)

Robert W. Stock Author Of Me and The Times: My wild ride from elevator operator to New York Times editor, columnist, and change agent (1967-97)

New book alert!

Why am I passionate about this?

Author Journalist Punster Family-phile Ex-jock Friend

Robert's 3 favorite reads in 2023

What is my book about?

Me and The Times offers a fresh perspective on those pre-internet days when the Sunday sections of The New York Times shaped the country’s political and cultural conversation. Starting in 1967, Robert Stock edited seven of those sections over 30 years, innovating and troublemaking all the way.

His memoir is rich in anecdotes and admissions. At The Times, Jan Morris threw a manuscript at him, he shared an embarrassing moment with Jacqueline Kennedy, and he got the paper sued for $1 million. Along the way, Rod Laver challenged Stock to a tennis match, he played a clarinet duet with superstar Richard Stoltzman, and he shared a Mafia-spiced brunch with Jerry Orbach.

Me and The Times: My wild ride from elevator operator to New York Times editor, columnist, and change agent (1967-97)

By Robert W. Stock,

What is this book about?

An intimate, unvarnished look at the making of the Sunday sections of The New York Times in their pre-internet heyday, back when they shaped the country’s political and cultural conversation.

Over 30 years, Robert Stock edited seven of those sections, innovating, and troublemaking all the way – getting the paper sued for $1 million, locking horns with legendary editors Abe Rosenthal and Max Frankel, and publishing articles that sent the publisher Punch Sulzberger up the wall.

On one level, his memoir tracks Stock’s amazing career from his elevator job at Bonwit Teller to his accidental entry into journalism to his…


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