Here are 56 books that The Three Skills of Top Trading fans have personally recommended if you like
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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.
In financial markets, knowing what the large trader is doing is vital. In his book, Tom Williams, who was a syndicated trader, taught us the main signs that allow us to identify the participation of the large traders on the chart, which allows us to make judicious analyses about where the price is most likely to go.
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.
To say this book is a bargain is an understatement, as it is only $4.99 in Kindle format. For me, it fills in what may be overlooked by those who have a passing knowledge of technical analysis and only focus on the look of the charts, and that is the importance of volume, you know, the little bar at the bottom!
Volume is such a powerful indicator but is easily disregarded in the excitement of a dramatic price move. Yet it is the confirmation that what you are seeing is not just an apparition and will lead to the expected outcome. All traders should read this!
It was good enough for them What do Charles Dow, Jesse Livermore, and Richard Ney have in common? They used volume and price to anticipate where the market was heading next, and so built their vast fortunes. For them, it was the ticker tape, for us it is the trading screen. The results are the same and can be for you too. You can be lucky too I make no bones about the fact I believe I was lucky in starting my own trading journey using volume. To me it just made sense. The logic was inescapable. And for me,…
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.
In his book, David Weis explains the principles of the Wyckoff method from a more modern approach, adapted to today's markets.
Using simple but very powerful concepts (supports and resistance, Springs and Upthrust, effort vs. result), he gives us the necessary ideas to build our own winning trading system.
David also created his own indicator (Weis Wave), which is a great contribution to the trading community.
The definitive book on adapting the classic work of Richard Wyckoff to today's markets Price and volume analysis is one of the most effective approaches to market analysis. It was pioneered by Richard Wyckoff, who worked on Wall Street during the golden age of technical analysis. In Trades About to Happen, veteran trader David Weis explains how to utilize the principles behind Wyckoff's work and make effective trades with this method. Page by page, Weis clearly demonstrates how to construct intraday wave charts similar to Wyckoff's originals, draw support/resistance lines, interpret the struggle for dominance in trading ranges, and recognize…
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.
Al Brooks is the most influential author on the pure study of price action. His trilogy is the bible for understanding the messages conveyed by individual candlesticks and price behavior as a whole.
The book teaches us how the market moves and provides clear ideas for taking advantage of different contexts: trends, ranges, and reversals.
A practical guide to profiting from institutional trading trends The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that. By simplifying his trading system and trading only 5-minute price charts he's found a way to capture profits regardless of market direction or economic climate. His first book, Reading Price Charts Bar by Bar, offered an informative examination of his system, but it didn't allow him to get into the real nuts and bolts of the approach. Now, with this new series of books, Brooks takes you…
Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
This book is a classic and the best of the many books written by traders describing trading situations and what they did to conquer the market. Sperandeo delivers concise, specific definitions of how he defines and uses trends with some of the clearest charts you will ever see. I find myself going back to some of the same pages over the years in which he discusses how to tell if a trend is undergoing a correction or is an authentic reversal.
Trader Vic -- Methods of a Wall Street Master Investment strategies from the man Barron's calls "The Ultimate Wall Street Pro" "Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don't miss it!" --Paul Tudor Jones Tudor Investment Corporation "Here's a simple review in three steps: 1. Buy this book! 2. Read this book! 3. See step 2. For those who can't take a hint, Victor Sperandeo with T. Sullivan…
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’m Darius Foroux (pronounced Dare-eus For-oe), and thanks for exploring my recommendations. As a former mutual funds advisor, I understand the complexity of finance, a lesson driven home when I lost two-thirds of my investment in 2007. Not wanting to repeat my costly mistakes, I earned degrees in business and finance, launched a business, and continuously educated myself on investing. The biggest thing I learned? Investing and wealth-building aren’t logical but emotional. I'm passionate about helping others achieve financial independence and live on their terms. My book empowers you to manage your emotions, build wealth, and enjoy life, regardless of the stock market's ups and downs.
I find the 20th-century legendary trader Jesse Livermore to be very relatable. Livermore made and lost great fortunes during his time as a Wall Street trader in the 1920s. And after reading about the ups and downs of his life, I am inspired by his resilience and ingenuity.
This book drew me in with its great writing style and Livermore’s trading advice. While Livermore was a short-term stock market trader, his insight into managing emotions is important for a good long-term investor.
Jesse Livermore was a loner, an individualist-and the most successful stock trader who ever lived. Written shortly before his death in 1940, How to Trade Stocks offered traders their first account of that famously tight-lipped operator's trading system. Written in Livermore's inimitable, no-nonsense style, it interweaves fascinating autobiographical and historical details with step-by-step guidance on:
Reading market and stock behaviors
Analyzing leading sectors
Market timing
Money management
Emotional control
In this new edition of that classic, trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore's philosophy and methods.…
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.
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…
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…
