Knowledge
Base Articles
Recommended books for daytrading
​
DAY TRADER’S ADVANTAGE:
By Howard Abell. In this insightful book, master trader and advisor Howard Abell divulges his secrets for a successful trading strategy that takes into account both the real-time characteristics of dynamic markets and the psychology of its participants. ISBN 0-7931-1778-X.
​
DAYTRADING INTO THE MILLENNIUM:
By Michael P. Turner. A nuts-and-bolts, down-to-earth look at daytrading which not only covers the many aspects of how to trade the markets, but also provides both background and advice for new as well as experienced traders. Written by a daytrader for the benefit of both short term investors as well as active traders. An excellent read for anyone interested in becoming a better trader. ISBN 0-9668602-0-9.
​
HIT AND RUN TRADING:
By Jeff Cooper. This bestseller teaches traders how to day trade and short-term trade the best moving stocks. Focusing on strategies to identify daily the ideal stocks to trade and pointing out the exact entry and protective exit point.
HIT AND RUN TRADING II:
By Jeff Cooper. A follow-up to the hugely successful Hit and Run Trading. This book concentrates on techniques to identify stocks that are trending towards an explosive short term price move. ISBN 0-965046-16-8.
​
STOCK PATTERNS FOR DAY TRADING:
By Barry Rudd. An excellent book for those who are interested in intensive chart detail. This book covers three approaches to stock trading: a scalping method for small quick profits, intraday trend trading to capture large prices moves and a swing trading method for trading two to five day moves.
THE ELECTRONIC DAY TRADER:
By Marc Friedfertig & George West. Covers a wide range of areas of interest to the Day Trader. Talks about the roll of the day trader in today’s market. An excellent source of information for those interested in learning the ropes of day trading. ISBN 0-07-015808-8.
TRADING RULES II:
By William F. Eng. An excellent collection of trading rules for day traders and short term investors. Eng, of course, is one of the more well respected authors on stock market topics. Certainly suggested for those learning the markets and even for those “old dogs” that have been trading the market for years! ISBN 0-7931-1242-7.
Recommended books on trading:
REMINISCENCES OF A STOCK OPERATOR
By Edwin Lefevre. This is a fictional book based on the life of legendary trader Jesse Livermore. In addition to being a fascinating story, it contains valuable insight into trading and investing. The best book you can read on trading. ISBN 0-471-05968-4.
AMAZING LIFE OF JESSE LIVERMORE
By Richard Smitten. Jesse Livermore is considered by many on Wall Street to be one of the greatest stock market trader who ever lived. This book, which we consider a companion book to ‘Reminiscences of a stock operator’, is about Jeese Livermore’s life. It was written after interviews with Livermore survivors and witnesses to the events which took place during his life. Not only a Wall Street classic and a very enjoyable read, but we consider it required reading for anyone that trades the markets. ISBN 0-9343-8059-7.
​
HOW TO TRADE IN STOCKS:
By Jesse Livermore & Teresa Aligood. Livermore is considered by many to be the most flamboyant speculator that ever lived. In this book, he shares his philosophy of trading and list the rules that are necessary to win at the speculative process. ISBN 0-934380-69-4.
HOW I MADE $2,000,000 IN THE STOCK MARKET:
By Nicholas Darvas. A classic in its own right. An excellent story about how a man turned a few thousand into two million while using basic technical analysis and common sense and some good luck. While this book is a better read after you have been trading for a while, it also makes a good introduction and foundation to how you can make money from the markets. Strongly recommended and very enjoyable! ISBN 0-8184-0396-9.
MARKET WIZARDS:
By Jack Schwager. A national best seller. Interviews with some of the world’s top traders. Absolutely one of the best books you can read – like talking to all the people in the know when it comes to making money in the markets. ISBN 0-06-097329-3.
NEW MARKET WIZARDS:
By Jack Schwager. A follow-up to the critically acclaimed Market Wizards. Schwager continues on his quest to bring us the tactics of the best traders in the business. This book also focuses on the attributes that are common among all the traders interviewed, definitely valuable information. ISBN 0-471-13236-5.
PIT BULL – LESSONS FROM WALL STREET’S CHAMPION TRADER:
By Martin Schwartz. In this book, Schwartz, a trader of tremendous stature, reveals to us many tips, insights, secrets as well as an entertaining history of his life as a trader. ISBN 0-88730-876-7.
​
THE CROWD / EXTRAORDINARY POPULAR DELUSIONS:
By Gustave Le Bon and Charles Mackay. Twin classics in one volume. Two classic texts originally published in the mid and late 1800’s that examine how crowds work and function. Very interesting reading when thought about in terms of the stock market being simply a large mass of people. ISBN 0-934380-23-6.
​
THE MIND OF A TRADER:
By Alpesh Patel. Get inside the mind of the world’s top traders. Learn what they’ve learned, know what they know. The author sits down and picks the brain of these traders and gets them to share their philosophies and strategies. ISBN 0-273-63006-7.
TRADING CHAOS:
By Bill Williams. A practical guide for making sense of chaos theory and applying it to today’s financial markets. Taking chaos analysis out of the realm of the abstract and making complex concepts easy to understand and use. The reader is introduced to the financial application of chaos theory in five graduated stages. ISBN 0-471-11929-6.
TRADING RULES:
By William F. Eng. A collection of 50 market trading rules. Before you can play the game, you’ve got to know the rules. This book provides the perfect starting point for the beginning trader. ISBN 0-88462-920-1.
ZEN IN THE MARKETS – CONFESSIONS OF A SAMURAI TRADER:
By Edward Toppel. A veteran trader takes a Zen approach to the stock market, applying fundamental principles of Zen Buddhism in place of traditional economic thought and encouraging investors to put egos aside and listen to the marketplace in a tested method for success. ISBN 0-7881-5317-X.
Recommended books on technical analysis:
​
ANALYZING BAR CHARTS FOR PROFIT
By John Magee. This book provides a concise explanation of technical analysis. You are shown when to buy, when to sell, and how to improve investment performance. By learning how to monitor a stock using charts, readers will be better prepared to make and save thousands of dollars. ISBN 0-7931-1519-1.
CANDLESTICK CHARTING EXPLAINED:
By Greg Morris. This book demonstrates how candlesticks charts can be used to identify and anticipate price patterns in the financial and commodity markets. Comprehensive and authoritative, the book explains how to combine candlestick with other technical tools to identify profitable trades. ISBN 1-55738-891-1.
CHART READING FOR PROFESSIONAL TRADERS:
By Michael Jenkins. An excellent study on charts, forecasting the market, time cycles and trading strategies. Also provides a discussion on Gann techniques of time and price. ISBN 0-934380-28-7.
JAPANESE CANDLESTICK CHARTING TECHNIQUES:
By Steve Nison. This is a fantastic book on the study of candlestick charting. It covers historical background, chart construction, major patterns and the use of candlestick trend lines. ISBN 0-13-931650-7.
POINT & FIGURE CHARTING:
By Tom Dorsey. Point and figure was one of the very first price charting methods ever developed, popular long before technical analysis became the norm. Dorsey brings readers up to date on point and figure charting techniques then goes beyond existing literature to discuss today’s practical applications of the method and recommended strategies. He describes actual trading techniques as applied to specific markets including charting stocks, options, commodities and using point and figure methods for mutual fund selection. ISBN 0-471-11961-X.
TECHNICAL ANALYSIS:
By Jack Schwager. This book is written in the highly-informative yet non-technical style for which the author is famous. Contains a complete and in-depth presentation of technical analysis. Features a synthesis of market analysis along with practical trading considerations. ISBN 0-471-12354-4.
TECHNICAL ANALYSIS AND STOCK MARKET PROFITS:
By Richard Schabacker. Consider by many to be the father of technical analysis, Schabacker taught classes back in the 1920s and 1930s. Now is your chance to become a modern day student. This book contains the information that was originally provided in his course. His concepts have stood the test of time and are a must read by all. ISBN 0-273-63095-4.
TECHNICAL ANALYSIS OF STOCK TRENDS:
By Robert Edwards & John Magee. For 50 years, this universally acclaimed classic has remained the bible on technical stock analysis. Now in its 7th edition, it explains every aspect of charting from basic principles to advanced trading techniques. This book will help investors make money regardless of what the market is doing. ISBN 0-8144-0373-5.
​
CHAMPION TRADER:
By Martin Schwartz. In this book, Schwartz, a trader of tremendous stature, reveals to us many tips, insights, secrets as well as an entertaining history of his life as a trader. ISBN 0-88730-876-7.
THE CROWD / EXTRAORDINARY POPULAR DELUSIONS:
By Gustave Le Bon and Charles Mackay. Twin classics in one volume. Two classic texts originally published in the mid and late 1800’s that examine how crowds work and function. Very interesting reading when thought about in terms of the stock market being simply a large mass of people. ISBN 0-934380-23-6.
​