nikoschopen
2,824 posts
msg #44393
- Ignore nikoschopen |
5/29/2006 9:48:24 PM
Please add to this list as you see fit.
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as214
184 posts
msg #44403
- Ignore as214 |
5/30/2006 12:20:33 AM
The Intelligent Investor by Benjamin Graham is a must.. Graham was Buffetts professor and mentor and Warren still reads this book once a year. This book changed my life.
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johnp
17 posts
msg #44418
- Ignore johnp |
5/30/2006 10:47:04 AM
In the same light,
The Poker Face of Wall Street - Aaron Brown
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dkatz
64 posts
msg #44419
- Ignore dkatz |
5/30/2006 11:44:06 AM
Toni Turner's "A Beginner's Buide To Day Trading On Line" -- excellent introduction, good/solid/comprehensive foundation info. And like poindexter, I also learned a bunch from Farley's "The Master Swing Trader" but it's a far more difficult book, I wouldn't tackle it till you read Turner's or an equivalent intro book.
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mantis2k4
20 posts
msg #44421
- Ignore mantis2k4 |
5/30/2006 1:42:37 PM
How I made 2 million dollars in the stock market - nicholas darvas. A classic.
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nikoschopen
2,824 posts
msg #44422
- Ignore nikoschopen |
5/30/2006 2:08:28 PM
Hey, thx to everyone who has contributed to this (already) growing list of titles. Hopefully, over time, there will be a good number of books to feed ure insatiable appetite. I would also appreciate if you can write a little snippet on how you personally benefited from reading the book (i.e. money management, trade system, etc).
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EWZuber
1,373 posts
msg #44428
- Ignore EWZuber |
5/30/2006 6:27:55 PM
How to Achieve Triple Digit Returns Daytrading...4 hours a day
By;David Floyd
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luc1grunt
622 posts
msg #44429
- Ignore luc1grunt |
5/30/2006 6:34:56 PM
EWZ....how about a little snippet of the book eh? Is it intermediate/advanced etc. Thanks, Luc
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as214
184 posts
msg #44430
- Ignore as214 |
5/30/2006 7:45:14 PM
Hey Niko,
My hope is that you find this link useful. There are books with experienced user ratings for all various forms of trading/investing.
http://elitetrader.com/bo/index.cfm?action=showbooks&CatID=3
As for what I liked the most about The Intelligent Investor is that it taught me PATIENCE. Coming from a Wall Street background you are taught to obtain the immediate profit. After I left Wall St. I realized why the wealthiest people of all were investors , not traders. I am thoroughly convinced that the greatest way to wealth is to buy undervalued stuff and hold it for at least a year..adding to your position on the pullbacks along the way. Hold a year you get a 15% cap gains rate. If I daytraded with my income bracket Id pay 35% tax.. So I am already up 20 percent just by doing nothing and being patient. I wish you the best of luck with all your endeavors..
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nikoschopen
2,824 posts
msg #44434
- Ignore nikoschopen |
5/30/2006 9:18:14 PM
as214,
I appreciate ure feedback. At least we have one thing in common: we both use elitetrader.com, which I must say, is prolly the best one-stop forum for traders of all walks of life. Having said that, I would like to add 2-cents of my own to few of the recommended books.
With regards to Toni Turner's "A Beginner's Guide To Day Trading Online", it should be called "Trading 101", which should be read by those who are new to daytrading or those not feeling quite up to par.
While Farley is an excellent Techie, I can't say I appreciate his writing skills. More often than not, I find his writng to be convoluted and incomprehensible. However, on a more general level, there are many key points to which he alludes to in the book that will bring fresh insight to ure trading. Just don't get sucked into the vortex of his chaotic discourse.
Lastly, it's no secret that I belong to a techie camp. But I am a proud ownder of "The Intelligent Investor" (actually, in audio format) that I occasionally listen to while driving. Whether you make use of fundamental analysis or not, this book will at least give you a proper perspective on the definition of "value investing". However, I still adhere to the principle of "buy high & sell higher", which can be found in William O'Neil's "How to Make Money in Stocks".
Of course, these are merely my own opinions. Ure encourage to judge the merits of these books on ure own term.
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