My 20 All-Time Favorite Finance Books (Part 2)

Posted by timothysykes on Mon 12th of May, 2008 01:03:13 PM

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As promised, here is the follow up to part 1…read these or risk losing big money in the arkets cuz you didn’t learn the important lessons they teach us.

Education of a Speculator - Forge the fact that Victor has blown up twice now, he’s still worth a few million and he’s had some great runs. Perhaps he should just stop using leverage! Yah right, like that’ll ever happen—the best thing this book will do is to teach you to think differently.

The Disciplined Trader - Wish I’d read this earlier in my career, but alas, somehow it didn’t make the cut for far too long. Don’t make that same mistake, read this and learn from the grand daddy of trading psychology books.

Bernard M Baruch - God, I love stories of truly successful financial speculators—Baruch was one of the best. And even though this book doesn’t go into specific details of his strategies, it’s a great overview of the lifestyle and thinking of a successful trader.

Pit Bull - Another hugely successful trader, this book is much more in your face than Baruch’s and is one of the few recent financial releases worth spending time on.

Psychology of Trading - Every time I talk to Steenbarger I feel honored because he has written one of the most helpful books on trading psychology EVER. Yeah I’m into trading psychology and you should be too—much much more important than those crappy books on how to pick big winners (total wastes of time).

Fun While it Lasted - If you ever wondered what it’s like to work your ass off, get to the top, party like a rockstar and have it all come crashing down, this is your book. It’s fun to read, while the story lasts.

Market Wizards - This is required reading for all wannabe traders—you get to see the differences in strategies of several successful traders, if you wanna get wealthy quickly, you gotta learn to think outside the box like this. No “buy what you know” BS here!

The Great Crash - You also gotta know your stock market history, this is a great one written by one of the great ones.

When Genius Failed - Wow, and I thought I was cocky! I guess when you have lots of awards and theoretical formulas backing you up, you fee comfortable taking exorbitant leverage. Great lessons to learn from.

Essentials of Trading - Last but certainly not least in my list of trading psychology books another must-read. Just hit ‘em all up one weekend, your brain’s gonna hurt, but it’s gonna be worth it.

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51

tradertomcat - May 19th, 2008 at 5:34 pm

I’m reading “More than You Know - Finding Financial Wisdom In Unconventional Places” by Michael Mauboussin. It’s the Best/Most thought provoking book I’ve read in the past year
I cannot recommend it enough.

I also recommend an excellent book “Trading in the Zone” by Mark Douglas, finally a book that describes how I think. I also like “Rule the Freakin Markets” by Michael Parness and “Rules of the Trade” by David Nassar.

Those are my Top picks!

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