Here are 16 books that The Master Swing Trader fans have personally recommended if you like
The Master Swing Trader.
Shepherd is a community of 10,000+ authors and super readers sharing their favorite books with the world.
Shepherd is reader supported. When you buy books, we may earn an affiliate commission.
I first fell in love with the markets when in 1995, I made more on 1 stock investment than I did working all winter in the freezing cold as a ski instructor. I see it as the world’s greatest game and it has given me a life of unparalleled freedom that I am eternally grateful for. Trading has allowed me to pursue my interests and go deep into behavioral psychology, economics, neurobiology, and would never have had the breakthroughs I have had like the Bottega method for AI or the Myalolipsis technique for developing effortless, unshakable self-discipline if I hadn’t been an active trader.
I have been teaching and mentoring traders since 1999. In that time I have seen over and over again that success comes from the ability to maintain discipline and withstand emotional discomfort.
Everybody wants to buy a system or strategy “that just works”. Well, as somebody who has developed many great strategies I can tell you this harsh truth… The best system in the world is worthless if you can’t follow its rules.
This is the core reason why over 90% of traders fail, lose money, and quit in disgust.
This book is one of the best I have found on the subject of trading discipline and mindset. If you are at all serious about your success in the market…start here!
Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.
I first fell in love with the markets when in 1995, I made more on 1 stock investment than I did working all winter in the freezing cold as a ski instructor. I see it as the world’s greatest game and it has given me a life of unparalleled freedom that I am eternally grateful for. Trading has allowed me to pursue my interests and go deep into behavioral psychology, economics, neurobiology, and would never have had the breakthroughs I have had like the Bottega method for AI or the Myalolipsis technique for developing effortless, unshakable self-discipline if I hadn’t been an active trader.
This is my second favorite book on the mental game of trading.
It’s written in an easy-to-read manner and the connections McCall makes to the ancient samurai code of “Bushido” are still very relevant to today’s active trader.
If you start with building an unshakeable mindset, all your work of system development or edge optimization will be fully rewarded… Because you won’t be cutting trades or making emotionally impulsive choices that are the “unforced errors” that leak your profits back into the market.
Fail in this mental quest and the markets are nothing more than a gambling vehicle.
Trading is war, an ongoing battle against other traders to get to profitable positions first, seize profits and move on to the next battle. "The Way of the Warrior Trader" applies time-honored precepts of the samurai discipline to modern trading, showing the reader ways to use centuries-old methods for victory in today's trading markets. "The Way of the Warrior Trader": provides a six step action plan for trading; explains how to recover psychologically from a loss; and describes how to overcome the deep-seated psychological barriers to effective trading.
I first fell in love with the markets when in 1995, I made more on 1 stock investment than I did working all winter in the freezing cold as a ski instructor. I see it as the world’s greatest game and it has given me a life of unparalleled freedom that I am eternally grateful for. Trading has allowed me to pursue my interests and go deep into behavioral psychology, economics, neurobiology, and would never have had the breakthroughs I have had like the Bottega method for AI or the Myalolipsis technique for developing effortless, unshakable self-discipline if I hadn’t been an active trader.
The markets are always changing. My ability to maintain performance for over 25+ years I believe comes from my deep foundation in the universal principles that drive market prices.
This book was pivotal in my understanding that some things never change. It is a bit difficult to get through, since it was written in the early 1900s. I think the strangeness of the language forced me to really think through and understand the lessons the book teaches.
In my experience, mental strengthening is step #1.
Then you need to learn the art of behavioral analysis and economic psychology if you want to be able to consistently understand why markets move so you can begin to forecast those movements…
This book is a great place to get that process started.
Rollo Tape is the colorful pen name of Richard D. Wyckoff. This 1910 classic on tape reading and stock market tactics is by one of its most astute students. Wyckoff for many years was a publisher of the Ticker Magazine which was later changed to The Magazine of Wall Street. He contributed more to the study of price movements than anyone else in America.
I first fell in love with the markets when in 1995, I made more on 1 stock investment than I did working all winter in the freezing cold as a ski instructor. I see it as the world’s greatest game and it has given me a life of unparalleled freedom that I am eternally grateful for. Trading has allowed me to pursue my interests and go deep into behavioral psychology, economics, neurobiology, and would never have had the breakthroughs I have had like the Bottega method for AI or the Myalolipsis technique for developing effortless, unshakable self-discipline if I hadn’t been an active trader.
Another trader who writes about the reality of trading for a living, Dr. Elder has really laid out many of the critical fundamentals of a successful trading operation in this book.
Engaging and easy to read, this book will likely shock you with its simplicity, focus on planning, and conservative “grinding” for cash-flowing the markets.
Trading has this sexy image of well-dressed men screaming into phones, before they head out to their yachts. In reality it is supremely boring and the best traders I know live lives of complete freedom… Often totally unrecognized by their neighbors.
This book gives you a real insight into the day-to-day operations of a career trader and it’s an important perspective shift for anybody wanting to make trading a significant aspect of their life.
In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader--identifying new, little known indicators that can lead to huge profits.
Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This…
Mark Leibovit is Chief Market Strategist for Leibovit VR Newsletter. His technical expertise is in overall market timing and stock selection based upon his proprietary Volume Reversal (TM) methodology and Annual Forecast Model. Mark's extensive media television profile includes seven years as a consultant ‘Elf’ on Louis Rukeyser’s Wall Street Week television program, and over thirty years as a Market Monitor guest for PBS The Nightly Business Report. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Business Week, Forbes, and The Wall Street Journal. His comprehensive study on Volume Analysis, The Trader’s Book of Volume is a definitive guide to volume trading.
Harry and I are personal friends and I am an occasional contributor on his daily live website. Regardless, I follow his work everyday which is broadcast during market hours. He and I are both in our mid-70s and have been trading and writing about the stock market for 40-plus years.
Harry Boxer's proven techniques for short-term traders. He is the best I know for showing and using short-term technical stock market indicators.
Harry Boxer's proven techniques for short-term traders Written in easy-to-understand language, Profitable Day and Swing Trading + Website explains the trading tactics that draw on price, volume, and pattern recognition. Highly regarded trader Harry Boxer offers the information needed to recognize chart patterns, identify trades, and execute entries and exits that will maximize profits and limit losses. Boxer also reveals his concept of price-volume surges as the key to identifying the most lucrative trades. Throughout the book, Boxer describes his routine for preparing for each trading day, selecting stocks to monitor, and how he keeps track of prices and executes…
I came from a left-brained family, with my father a bank Forex manager and my mother in the tax office before motherhood. I've always been mathematically minded and went into mechanical engineering before my second career in trading and finance. But saying this sustains the fallacy that you have to have a head for numbers to trade. That is nothing like the truth, and I hope my last book pick shows that I have learnt and come a long way from my initial beliefs. Trading is anything but mathematical, mechanistic, or even natural, you have to study and learn new ways of thinking and doing, and you can only succeed if you are open to this.
I have to start with this book, as reading Toni's work has influenced me and my approach to trading from the early days. She has a wonderful friendly style that leads you on and makes it hard to put the book down. While I appreciate all her work, this particular book takes you through so many practical examples, it's impossible not to be enthralled by the possibilities of trading in the stock market.
The national bestseller updated for the new stock market!
"Read the book if you want to know how the market works and how to make it work for you." Greg Capra, president of Pristine.com, coauthor of Tools and Tactics for the Master Day Trader
"By using the tools, trading tactics and strategies revealed in...A Beginner's Guide to Day Trading Online, you will be armed with the skills needed to help you win your battle with the markets." Steve Nison, CMT, president, www.candlecharts.com, author of Japenese Candlestick Charting Techniques
"Read this book, and, two, reread this book. It will help you…
I am Rubén Villahermosa, independent trader and author. My logical and rational mind led me to question the why of market movements, which allowed me to learn the principles of the Wyckoff method. I have deepened in the study of the interaction between supply and demand through high-level Technical Analysis tools such as Wyckoff, VSA, Price Action, Volume Profile, and Order Flow; knowledge that I share through my books from principles of honesty, transparency, and responsibility.
Professor Hank Pruden's book covers a more holistic perspective as he develops elements of system building, pattern recognition, and mental state discipline.
In the technical section he teaches us key concepts of the Wyckoff Method such as the protocolization of the development of accumulation and distribution structures through phases, a fundamental contribution to the Wyckoffian community.
Praise for The Three Skills of Top Trading "Professor Pruden's new book, The Three Skills of Top Trading, is unquestionably the best book on a specific trading method and the necessary attributes for trading that I have read. His logic, understanding of human foibles, and use of the Wyckoff method of trading are broadly referenced, readable, understandable, and entertaining." - Charles D. Kirkpatrick, II, CMT, coauthor of Technical Analysis: The Complete Resource for Financial Market Technicians, Editor of the Journal of Technical Analysis, and board member of the Market Technicians Association "At long last, someone has taken the time and…
I am the Founder of Stellar Wealth Partners, a SEBI-registered Research Analyst firm and small case manager for investors in the Indian stock market. I am the author of the international best-seller on value investing, The Joys of Compounding. Once a strong foundation is created for a business, owners don’t work for money. Rather, money works for them. As an investor, your money is working for you 24/7. You are becoming wealthier with each passing second, alongside the increasing intrinsic value of your businesses. An investor builds earnings power through a business ownership mindset.
In this book, Peter Lynch teaches how a common investor can get great returns from his investment in the stock market if he follows a few general investing principles and a common-sense investing approach. Lynch believes that with a little research and steady discipline, every common person can outperform the so-called investment gurus and make good returns. He suggests that many great investments could be right under their nose, if the investor is ready to do some research. Most people just have to look around the place where they work or the spots where they visit to grab those opportunities. A common person is exposed to many interesting local companies and products years before professional investors would even hear of them. If these investors find and invest in these growing local companies, they can make handsome returns.
Peter Lynch believes that average investors have advantages over Wall Street experts. Since the best opportunities can be found at the local mall or in their own places of employment, beginners have the chance to learn about potentially successful companies long before before professional analysts discover them. This headstart on the experts is what produces 'tenbaggers', the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer. In this fully updated edition of his classic bestseller, Lynch explains how to research stocks and offers easy-to-follow directions for sorting out the long shots from the…
I’ve been an independent investor for nearly 25 years. In my previous life as an employee, I was a research actuary for a firm of pension consultants, and then a university lecturer. I left my last academic job at the age of 35 because I had made enough money to survive, and freedom was worth more to me than a salary. FIRE (Financial Independence – Retire Early) is what it’s called these days, but with two differences. First, I’m not retired: I spend most of my time on investing, but entirely on my own terms. Second, and relatedly, I’m an active investor, albeit a cheap one, nearly as cheap as an index fund.
This book comprises an edited compendium of investment reports from Marathon Investment Management, with three broad themes.
First, stock markets are about capitalism, not macroeconomics.
Second, successful investment requires an understanding of the relative size and composition of supply, demand, production, and consumption. You need to compare heterogeneity, fragmentation, and growth (positive or negative) on both sides of a company’s market.
Third, pay attention to the capital cycle. Seek out sectors from which investors’ capital and attention are being withdrawn, and be wary of sectors which are attracting increasing capital and attention.
We live in an age of serial asset bubbles and spectacular busts. Economists, policymakers, central bankers and most people in the financial world have been blindsided by these busts, while investors have lost trillions. Economists argue that bubbles can only be spotted after they burst and that market moves are unpredictable. Yet Marathon Asset Management, a London-based investment firm managing over $50 billion of assets has developed a relatively simple method for identifying and potentially avoiding them: follow the money, or rather the trail of investment. Bubbles whether they affect a whole economy or merely a single industry, tend to…
A noted quantitative hedge fund manager and quant finance author, Ernie is the founder of QTS Capital Management and Predictnow.ai. Previously he has applied his expertise in machine learning at IBM T.J. Watson Research Center’s Human Language Technologies group, at Morgan Stanley’s Data Mining and Artificial Intelligence Group, and at Credit Suisse’s Horizon Trading Group. Ernie was quoted by Bloomberg, the Wall Street Journal, New York Times, Forbes, and the CIO magazine, and interviewed on CNBC’s Closing Bell program. He is an adjunct faculty at Northwestern University’s Master’s in Data Science program and supervises student theses there. Ernie holds a Ph.D. in theoretical physics from Cornell University.
Finally, for those who are not afraid of math, they should read this book because there is a lot of heavy-duty math. The good news for the rest of us is you can ignore all the math and still get a lot out of it, especially knowledge about market microstructure and how to find the theoretically optimal trading strategies given some assumptions about the price dynamics. Even if you don’t want to or can’t solve those darn stochastic differential equations, you can still implement a numerical approximation. At the minimum, you will learn common trading lingo such as “walking the book” or “the ITCH feed”.
The design of trading algorithms requires sophisticated mathematical models backed up by reliable data. In this textbook, the authors develop models for algorithmic trading in contexts such as executing large orders, market making, targeting VWAP and other schedules, trading pairs or collection of assets, and executing in dark pools. These models are grounded on how the exchanges work, whether the algorithm is trading with better informed traders (adverse selection), and the type of information available to market participants at both ultra-high and low frequency. Algorithmic and High-Frequency Trading is the first book that combines sophisticated mathematical modelling, empirical facts and…
Interested in
speculation,
trade,
and
fundamental analysis?
10,000+ authors have recommended their favorite books and what they love about them.
Browse their picks for the best books about
speculation,
trade,
and
fundamental analysis.
