Trading Books I Personally Recommend

All of the books in this list have very high-value content. Believe me, I know what it’s like to read a “how to trade” book and get literally nothing out of it. I do get a kickback for purchases made, it doesn’t cost you any more money and it helps me create more content. My top two books, if I had to choose, would be Hedge Fund Market Wizards & Trading In The Zone. Hedge Fund Market Wizards goes over various trading styles of successful traders, it really makes you realize that there is no one way to making money in the market and in fact there are many ways! Trading In The Zone helped me with the psychology of trading. After you listen (That’s right, I’m a dirty audiobook listener! :p )to it 4-5 times in a row you won’t beat yourself up when a trade doesn’t work out. At least that was my experience.  🙂

 Hedge Fund Market Wizards

Fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words

From bestselling author, investment expert, and Wall Street theoretician Jack Schwager comes to a behind-the-scenes look at the world of hedge funds, from fifteen traders who’ve consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business.

  • Presents exclusive interviews with fifteen of the most successful hedge fund traders and what they’ve learned over the course of their careers
  • Includes interviews with Jamie Mai, Joel Greenblatt, Michael Platt, Ray Dalio, Colm O’Shea, Ed Thorp, and much more
  • Explains forty key lessons for traders
  • Joins Stock Market Wizards, New Market Wizards, and Market Wizards as the fourth installment of investment guru Jack Schwager’s acclaimed bestselling series of interviews with stock market experts

A candid assessment of each trader’s successes and failures, in their own words, the book shows readers what they can learn from each, and also outlines forty essential lessons—from finding a trading method that fits an investor’s personality to learning to appreciate the value of diversification—that investment professionals everywhere can apply in their own careers.

Bringing together the wisdom of the true masters of the markets, Hedge Fund Market Wizards is a collection of timeless insights into what it takes to trade in the hedge fund world.

Trading In The Zone

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.

The Little Book That Still Beats The Market

In 2005, Joel Greenblatt published a book that is already considered one of the classics of finance literature. In The Little Book that Beats the Market-a New York Times bestseller with 300,000 copies in print-Greenblatt explained how investors can outperform the popular market averages by simply and systematically applying a formula that seeks out good businesses when they are available at bargain prices. Now, with a new Introduction and Afterword for 2010, The Little Book that Still Beats the Market updates and expands upon the research findings from the original book. Included are data and analysis covering the recent financial crisis and model performance through the end of 2009. In a straightforward and accessible style, the book explores the basic principles of successful stock market investing and then reveals the author’s time-tested formula that makes buying above-average companies at below-average prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using sixth-grade math, plain language, and humor. He shows how to use this method to beat both the market and professional managers by a wide margin. You’ll also learn why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone “knows” it. While the formula may be simple, understanding why the formula works is the true key to success for investors. Greenblatt will take listeners on a step-by-step journey so that they can learn the principles of value investing in a way that will provide them with a long-term strategy that they can understand and stick with through both good and bad periods for the stock market.

Reminiscences of a Stock Operator

“Although Reminiscences…was first published some seventy years ago, its take on crowd psychology and market timing are as timely as last summer’s frenzy on the foreign exchange markets.”
Worth magazine

“The most entertaining book written on investing is Reminiscences of a Stock Operator, by Edwin Lefèvre, first published in 1923.”
The Seattle Times

“After twenty years and many re-reads, Reminiscences is still one of my all-time favorites.”
Kenneth L. FisherForbes

“A must-read classic for all investors, whether brand-new or experienced.”
William O’Neil, founder and Chairman, Investor’s Business Daily

“Whilst stock market tomes have come and gone, this remains popular and in print eighty years on.”
GQ magazine

First published in 1923, Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever. Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life—and your portfolio.

The Alchemy of Finance

New Foreword by renowned economist Paul Volcker

“An extraordinary . . . inside look into the decision-making process of the most successful money manager of our time. Fantastic.”
The Wall Street Journal

George Soros is unquestionably one of the most powerful and profitable investors in the world today. Dubbed by BusinessWeek as “the Man who Moves Markets,” Soros made a fortune competing with the British pound and remains active today in the global financial community. Now, in this special edition of the classic investment book, The Alchemy of Finance, Soros presents a theoretical and practical account of current financial trends and a new paradigm by which to understand the financial market today. This edition’s expanded and revised Introduction details Soros’s innovative investment practices along with his views of the world and world order. He also describes a new paradigm for the “theory of reflexivity” which underlies his unique investment strategies. Filled with expert advice and valuable business lessons, The Alchemy of Finance reveals the timeless principles of an investing legend.

This special edition will feature a new chapter by Soros on the secrets of his success and a new Foreword by the Honorable Paul Volcker, former Chairman of the Federal Reserve.

George Soros (New York, NY) is President of Soros Fund Management and Chief Investment Advisor to Quantum Fund N.V., a $12 billion international investment fund. Besides his numerous ventures in finance, Soros is also extremely active in the worlds of education, culture, and economic aid and development through his Open Society Fund and the Soros Foundation.

An American Hedge Fund

$2 trillion is invested in the hedge fund industry, and yet, due to industry regulations, the general public knows little about them. This book will change everything. Timothy turned $12,000 of Bar Mitzvah gift money into $1.65 million trading thousands of stocks from 1999-2002, managed the #1 Short Bias Hedge Fund from 2003-2006, starred in the television documentary Wall Street Warriors, and appeared regularly on CNBC all before the age of 26. It’s been a wild ride. This `Rocky’-like story is the first realistic look at the world of stock trading and hedge funds-it will educate and inspire everyone.

Trading Fears:

1.Being Wrong

2.Losing Money

3.Missing Out

4.Leaving Money On The Table

Trader Quotes:

“The Market can do anything at any moment.” Mark D.

“The Market doesn’t owe you anything.” Mark D.

“Market time is the time for execution, not planning.” Matti O.

“The lowest common denominator in every trade is your emotions. Greed keeps you in, pain gets you out.” Francis H.

Other Books To Consider