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.
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.
The bestselling holy grail of trading information-now brought completely up to date to give traders an edge in the marketplace
"Sound trading advice and lots of ideas you can use to develop your own trading methodology."-Jack Schwager, author of Market Wizards and The New Market Wizards
This trading masterpiece has been fully updated to address all the concerns of today's market environment. With substantial new material, this second edition features Tharp's new 17-step trading model. Trade Your Way to Financial Freedom also addresses reward to risk multiples, as well as insightful new interviews with top traders, and features updated examples…
I am SEBI registered equity analyst, bestselling author & public speaker. I have started investing in the Indian stock market at the age of 18 and have a history of identifying several multi-bagger stocks like Chemcrux Enterprises, Lancer Container, Sirca Paints, Caplin Point Lab, Can Fin Homes, Mayur Uniquoters, etc. My portfolio consistently outperformed the index by a significant margin. For more details visit my website.
This is by far the simplest ever book written on a successful trading technique that can be implemented even by a novice trader. The author has shared his own experience, tested methods with real charts that make the book even more attractive. Anyone who aspires to become a successful trader will find the book beneficial.
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 could be better written (too many page-length paragraphs), but it earns its place on this list because the topic is important and I don’t know of any better treatment.
Many investment pundits advocate rigid self-control: they say you should try to suppress all emotion in investment decision-making – which is probably infeasible, and in any case undesirable. This book suggests a higher aspiration: aim to have the right emotions, those which are accurately calibrated to the contours of truth.
The Emotionally Intelligent Investor challenges several long-held assumptions and beliefs, by asserting that a good investment approach starts with introspection. Too many investment gurus tell you to emulate their techniques despite the fact that you may have very different personality traits, motivations and biases. Would Shaquille O’Neal tell a short basketball player to play like him? This book provides a unique template for self-reflection and a framework for developing an investment approach that works best with who you are.Whereas the consensus opinion is that investing success comes from blocking out emotions and making purely rational decisions, the best money managers…
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 have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
The classic from 1972 is the book that inspired me to write 100 Baggers. Phelps studied all the stocks that returned at least 100 to 1 from 1932 to 1971. You’ll learn where to look for 100 to 1 stocks and what key traits to focus on. Phelps writes in a folksy and quotable manner as he expounds on his philosophy of buying right and holding on. He writes, “When I was a boy a carpenter working for my father made this sage observation: ‘A lot of shavings don’t make a good workman.’” Let Phelps show you the power of patient, long-term investing.
In 100 to 1 in the Stock Market, Thomas Phelps discloses the secrets and strategies to increasing your wealth one hundredfold through buy-and-hold investing. Unlike the short-term trading trends that are popular today, Phelps's highly logical, yet radical approach focuses on identifying compounding machines in public markets, buying their stocks, and holding these investments long term for at least ten years. In this indispensable guide, Phelps analyzes what made the big companies of his day so profitable for the diligent, long-term investor. You will learn how to identify and invest in profitable business models without visible growth ceilings that will…
I am the author of The Neatest Little Guide to Stock Market Investing and The 3% Signal, among other financial books, and editor of The Kelly Letter. Despite having been ranked by CXO Advisory as one of the best stock-market forecasters, I gave up the practice in favor of price reaction. I realized that nobody knows where stocks are headed, myself included, and set out to find ways to beat the market without forecasting—and succeeded. My readers and I are now much happier and wealthier.
I liked this book enough to write a blurb for it, as follows: “Any plan that would have led investors to Amazon, Apple, and Google is fine by me—and this one would have. Edward Ryan has created a systematic framework for owning what you know, a tried-and-true tactic.” No less a luminary than Peter Lynch endorses the idea, and in this book you’ll learn five steps to systematize it: list your life activities, extract stock ideas from them, rank those stocks, invest, and manage the portfolio. The second step is the most interesting to me; it’s where you consider which products and services in your life are most likely to keep a stock moving higher.
Professional investors on Wall Street have the best education, the deepest knowledge of company accounts, the latest technology, and teams of analysts at their disposal to help them identify the best stock investments. That is their edge. As a part-time, individual investor, you cannot compete on their turf.
What can you do? This is where The World's Simplest Stock Picking Strategy comes in.
As you go about your life, there are companies you interact with regularly as a consumer. Some companies will stand out to you as having remarkable products or services, which you use…
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.
Robert and I were friends and co-members of the Market Technician's Assn back in the late 1980s and I was honored that chose my Volume Reversal Indicator to be mentioned in the book.
I was a friend of Robert Colby and co-members of the Market Technicians Association and was personally honored he incorporated my VR (Volume Reversal) in his book. I also felt he was way ahead of the crowd in putting together such a comprehensive book and I wanted to honor him with a mention.
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.
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!
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…
I am the author of The Neatest Little Guide to Stock Market Investing and The 3% Signal, among other financial books, and editor of The Kelly Letter. Despite having been ranked by CXO Advisory as one of the best stock-market forecasters, I gave up the practice in favor of price reaction. I realized that nobody knows where stocks are headed, myself included, and set out to find ways to beat the market without forecasting—and succeeded. My readers and I are now much happier and wealthier.
This monthly approach uses three-month momentum to select two funds from a pool of four stock funds and two bond funds. The stock indexes are the S&P 500, S&P MidCap 400, Russell 2000, and Nasdaq, i.e. US large caps, mid caps, small caps, and tech. It’s not a revolutionary idea but provides a good introduction to major asset class switching, which runs circles around pundit guessing games. If you do nothing but swear off gut-guessing in favor of price reaction, you’ll beat almost everybody—including the supposed pros.
First step: don't trade stocks. In a radical departure from most investment books, a former day trader demonstrates how a simple asset allocation strategy that 'adapts' to changing market conditions has delivered a 12% average annual return over the past 10 years.
What does 12% mean?
If you're familiar with investing basics, you'll know that figure comes close to doubling the average return of the benchmark S&P 500. It also outperforms 99% of all mutual funds.
But what's outperformance without protection? When the S&P 500 crashed in 2008 and lost 37% of its value,…
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.
A star business has market leadership of a niche, where the niche is itself growing fast. This is arguably close to a tautology, but it is also quite a rare thing to find.
This book is about how to spot these star businesses at an early stage, and the enormous returns which can flow from doing so. Much of my wealth has come from doing this a few times (probably largely by luck).
It also makes interesting suggestions about how to create and manage a star business, albeit this is not something that I’ve ever tried myself.
Richard Koch has made over GBP100 million from spotting 'Star' businesses. In his new book, he shares the secrets of his success - and shows how you too can identify and enrich yourself from 'Stars'. Star businesses are ventures operating in a high-growth sector - and are the leaders in their niche of the market. Stars are rare. But with the help of this book and a little patience, you can find one, or create one yourself.
THE STAR PRINCIPLE is a vital book for any budding entrepreneur or investor (of grand or modest means). It is also invaluable for…
