Recommended Books

Over the last decade I’ve read well over a hundred trading books. The following are the best; those which I believe are a MUST READ for all traders.

A description is provided of each. For more information, or for Amazon reader reviews, click on the book images.

Categories: Technical Analysis, Strategy, Trading Psychology, Learning Theory, Money Management, General

Technical Analysis (and applying it in the markets)

 

The Art and Science of Technical Analysis

 

The Art and Science of Technical Analysis

 

by Adam Grimes

 

Amazon Product Description

 

A breakthrough trading book that provides powerful insights on profitable technical patterns and strategies.

 

The Art and Science of Technical Analysis is a groundbreaking work that bridges the gaps between the academic view of markets, technical analysis, and profitable trading. The book explores why randomness prevails in markets most, but not all, of the time and how technical analysis can be used to capture statistically validated patterns in certain types of market conditions. The belief of the book is that buying and selling pressure causes patterns in prices, but that these technical patterns are only effective in the presence of true buying/selling imbalance.

 

The Art and Science of Technical Analysis is supported by extensive statistical analysis of the markets, which will debunk some tools and patterns such as Fibonacci analysis, and endorse other tools and trade setups. In addition, this reliable resource discusses trader psychology and trader learning curves based on the author’s extensive experience as a trader and trainer of traders.

  • Offers serious traders a way to think about market problems, understand their own performance, and help find a more productive path forward

  • Includes extensive research to validate specific money-making patterns and strategies

  • Written by an experienced market practitioner who has trained and worked with many top traders

 

Filled with in-depth insights and practical advice, The Art and Science of Technical Analysis will give you a realistic sense of how markets behave, when and how technical analysis works, and what it really takes to trade successfully.

 

Trading for a Living

 

Trading for a Living: Psychology, Trading Tactics, Money Management

 

by Dr. Alexander Elder

 

Amazon Product Description

 

Trading for a Living: Successful trading is based on three M’s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:

 

* How to become a cool, calm, and collected trader
* How to profit from reading the behavior of the market crowd
* How to use a computer to find good trades
* How to develop a powerful trading system
* How to find the trades with the best odds of success
* How to find entry and exit points, set stops, and take profits

Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game.

 

Come Into My Trading Room

 

Come Into My Trading Room: A Complete Guide to Trading

 

by Dr. Alexander Elder

 

Amazon Product Description

 

In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M’s (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader’s money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader–identifying new, little known indicators that can lead to huge profits.

 

Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M’s, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. Come Into My Trading Room reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization—with the goal of turning anyone into a complete and successful trader.

 

By showing traders how to combine the elements of mind, method, and money, Come Into My Trading Room gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to Come Into My Trading Room again and again.

 

From the Inside Flap:

 

How long will it take you to become a competent trader and how much will it cost?

What markets should you trade and how much can you expect to make?

What rules should you set, what methods should you use, how should you split your trading capital?

If these questions interest you, you picked the right book. Written by a professional trader, an expert in technical analysis, and a practicing psychiatrist, Come Into My Trading Room: A Complete Guide to Trading comes out nine years after Dr. Alexander Elder’s international bestseller Trading for a Living, reflecting his latest discoveries and concepts.

Come Into My Trading Room opens with a brief primer-aptly named Financial Trading for Babes in the Woods-aimed at newcomers, but containing important information for experienced traders. It clarifies topics whose mastery is essential for everyone: what markets to trade, how to interpret financial theories, and how to handle common barriers to success.

Moving up from the basics to the heart and soul of Dr. Elder’s methods, Come Into My Trading Room teaches the three key aspects of trading-Mind, Method, and Money. First, you see that the key to winning is in your mind-discipline. Then you learn how to find the best trades and make the most efficient entry and exit decisions. Dr. Elder shares his favorite analytic tools and covers system testing, day-trading, as well as longer-term swing trading, his new Impulse trading system, and a new SafeZone method for placing stops. These methods will allow you to trade with a high level of confidence in any market-stocks, futures, options, or currencies.

Moving beyond technical analysis, Dr. Elder teaches you the rules of money management that are essential for your survival and success. He shows how to structure your account like a submarine, divided into many compartments, so that it won’t sink if one section becomes flooded. The next section of this comprehensive trading guide-The Organized Trader-takes you where no trading book has ever gone before. It teaches you how to organize your time and effort. You learn to select markets and design a decision-making tree. Good records help you learn from your experiences and rise to a higher level of expertise. Dr. Elder clearly outlines four types of records-three of them looking back and one looking forward-that are essential for any serious trader.

In the final section of this book, Dr. Elder delivers another first in trading literature-he invites you into his trading room and takes you with him on half a dozen of his recent trades, illustrating entries and exits with charts.

Distilling twenty years of trading and teaching experience, this book will put you on the road to mastering a new way of trading stocks, futures, options, and currencies. By the time you leave Dr. Elder’s trading room, you’ll be in a position to take your trading to a higher, more intelligent, and successful level.

Entries & Exits

 

Entries & Exits: Visits to 16 Trading Rooms

 

by Dr. Alexander Elder

 

Amazon Product Description

 

Come behind closed doors and see real trades made by real traders.

 

Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves; some trade for a living, others are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading—psychology, tactics, risk control, record keeping, and the decision-making process.

 

From the Inside Flap:

 

You are about to visit the trading rooms of sixteen men and women. These traders live in different countries, follow different markets, and use different methods, but all share several traits—most importantly, their dedication to trading. They are utterly serious about their work, while most of the amateurs who supply the bulk of their winnings are chasing the excitement of an adrenaline rush.

 

Why would a person who is trading for a living talk about his or her method instead of grinding out profits in silence? Winners know full well that success in trading does not depend on knowing “the secret.” There is no secret—only hard work, focus, attention to detail, being careful and long-term oriented with money, and having a bit of flair.

 

Trading is a vast field, and like a doctor, you must specialize. Many beginners spread themselves painfully thin by investing in and day-trading stocks, futures, and options. Each trader in this book concentrates on an area that appeals to him or her, be it buying breakouts, writing puts, or trolling for dull stocks ready to explode from consolidation zones.

 

People become successful when they focus on what they love to do. In reading this book, you will probably come across a trading vehicle you like or a concept that appeals to you. Once you find it, stay with it and mine that area for its rich deposits.

 

There are massive differences between traders at various stages of development. Beginners look for tips, while intermediate traders keep asking about indicator settings. Experienced traders love to watch others make decisions and explain them. Traders in this book will share a wealth of information with you; what you take home is entirely up to you.

 

Trading can give you money, which can buy many good things—freedom from a boss, the ability to travel wherever and whenever you like, and much more. Still, when the chips are down, it is not money that determines the quality of your life. Your goal in trading should be to become the best professional you can be.

 

We owe a debt of gratitude to the sixteen traders who opened their trading rooms—helping all of us become better traders and serving as examples of kindness, generosity, and drive. They show us that there is more to life than money, even in a trader’s life. This book is designed to help you break out of isolation, learn from others, pick up ideas that suit your style, and return to your trading room a better, more confident trader.

 

Japanese Candlestick Charting Techniques

 

Japanese Candlestick Charting Techniques

 

by Steve Nison

 

Amazon Product Description

 

A form of technical analysis, Japanese candlestick charts are a versatile tool that can be fused with any other technical tool, and will help improve any technician’s market analysis. They can be used for speculation and hedging, for futures, equities or anywhere technical analysis is applied. Seasoned technicians will discover how joining Japanese candlesticks with other technical tools can create a powerful synergy of techniques; amateurs will find out how effective candlestick charts are as a stand-alone charting method. In easy-to-understand language, this title delivers to the reader the author’s years of study, research and practical experience in this increasingly popular and dynamic approach to market analysis. The comprehensive coverage includes everything from the basics, with hundreds of examples showing how candlestick charting techniques can be used in almost any market.

 

Reading Price Charts Bar by Bar

 

Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader

 

by Al Brooks

 

Amazon Product Description

 

While new technology and complicated theories promise to take your trading to “the next level,” the truth is that long-term success in this field is rooted in simplicity. That’s why Al Brooks has created Reading Price Charts Bar by Bar.

 

With this book, Brooks—a technical analyst for Futures magazine and an independent trader—demonstrates how applying price action analysis to chart patterns can help enhance returns and minimize downside risk. Along the way, you’ll discover the importance of understanding every bar on a price chart, why particular patterns are reliable setups for trades, and how to locate entry and exit points as markets are trading in real time.

 

Throughout these pages, some of the most useful tools for deciphering price action are covered in detail, including:

  • Trendlines and trend channel lines

  • Prior highs and lows

  • Breakouts and failed breakouts

  • The size of bodies and tails on candles

  • The relationship between current bars to prior bars

  • And much more

Learning what the market is telling you can be difficult, but with the right approach, you can achieve this goal and capture consistent profits in the process. Reading Price Charts Bar by Bar has all the information you need to succeed at this endeavor and will put you in the best position possible to make the most of your time in today’s turbulent markets.

 

 

Strategy

 

 

YTC Price Action Trader

(ebook series)

 

  • 6 Volume E-Book Series outlining the trading strategy which I used on a daily basis, up until mid-2010 (from then I’ve traded the YTC Scalper variant).
  • 590 pages of quality trading education.
  • Including 377 charts and diagrams.
  • The YTC Price Action Trader provides a discretionary approach to trading the forex, FX futures and emini futures markets on short intra-day timeframes (demonstrated on the 3 min trading timeframe). Information is provided on adapting this to other markets and timeframes, if you so desire.
  • A quick overview of the contents:
     

    • Volume One – Introduction

    • Volume Two – Markets and Market Analysis

    • Volume Three – Trading Strategy

    • Volume Four – Your Trading Business

    • Volume Five – Trader Development

    • Volume Six – Conclusion
       

  • To see a full table of contents and get more information… click here: YTC Price Action Trader

YTC Scalper

(ebook)

 

  • If you enjoyed the YTC Price Action Trader, and wish to explore the application of this strategy on lower scalping timeframes… this supplementary ebook will demonstrate the way that I did it.
    • Higher Timeframe: 5 minute
    • Trading Timeframe: 1 minute
    • Lower Timeframe: 1 range

 

  • Please Note: YTC Price Action Trader is a prerequisite… without it you’ll be missing some key components, in particular the theory of markets and methods of market analysis. Please read it first!
  • For more information on YTC Scalper, including sample pages, go here: YTC Scalper

 

Read the Greed  (ebook)

 

Ebook: “Read the Greed: Take the Money”

 

by Mike Reed and Morrill T. Moorehead

 

Price action based setups, primarily based on daytrading the emini futures markets, but I believe it could be adapted to any market and timeframe (assuming liquidity).

 

Street Smarts

 

Street Smarts: High Probability Short-Term Trading Strategies

 

by Linda Bradford Raschke and Laurence A. Conners

 

Amazon Product Description

 

Published in 1996 and written by Larry Connors and “New Market Wizard” Linda Raschke. This 245 page manual is considered by many to be one of the best books written on trading futures. Twenty-five years of combined trading experience is divulged as you will learn 20 of their best strategies.

 

Among the methods you will be taught are:

* Swing Trading – The backbone of Linda’s success. Not only will you learn exactly how to swing trade, you will also learn specific advanced techniques never before made public!
* News – Among the strategies revealed is an intra-day news strategy they use to exploit the herd when the 8:30am economic reports are released. This strategy will be especially appreciated by bond traders and currency traders.
* Pattern Recognition – You will learn some of the best short-term set-up patterns available. Larry and Linda will also teach you how they combine these patterns with other strategies to identify explosive moves.
* ADX – In our opinion, ADX is one of the most powerful and misunderstood indicators available to traders. Now, for the first time, they reveal a handful of short-term trading strategies they use in conjunction with this terrific indicator.
* Volatility – You will learn how to identify markets that are about to explode and how to trade these exciting situations.
* Also, included are chapters on trading volatility, trading Crabel, trading the smart money index, trading gap reversals, a special chapter on professional money management, and many other trading strategies!

 

 

Trading Psychology

 

High Performance Trading

 

High Performance Trading

 

by Steve Ward

 

Amazon Product Description

 

High Performance Trading provides proven practical techniques and strategies to help traders of all abilities, experience levels and styles to enhance their trading performance and psychology.

 

Based on practical coaching and training interventions, personal experiences, the latest research and feedback, and advice from leading traders, trading coaches and trading psychologists, this book offers something for everyone who wants to become a better trader.

– Discover how to avoid the common pitfalls of trading and how to take the practical steps that can set you up for trading success
– Strengthen your trading discipline as you discover the art of flawless execution
– Develop and hone your mental edge through learning to think like a successful trader
– Programme yourself for trading success with powerful mental conditioning techniques
– Develop unshakeable focus and concentration and learn how to get into the trading zone
– Understand how to achieve and sustain a core of trading confidence
– Learn how to utilize simple techniques to manage your emotional states
– Build resilience to cope with trading stresses and pressures and manage losses, setbacks and errors
– Move towards greater consistency and success in your trading performance

 

The Disciplined Trader

 

The Disciplined Trader: Developing Winning Attitudes

 

by Mark Douglas

 

Amazon Product Description

 

One of the first books to address the psychological nature of how successful traders think ~ The Disciplined Trader is now an industry classic.   In this groundbreaking work published in 1990 ~ Douglas examines the causes as to why most traders cannot raise and keep their equity on a consistent basis ~ and brings the reader to practical and unique conclusions as to how to go about changing any limiting mindset. The trader is taken through a step-by-step process to break through those queries ~ and begin to understand that their very thoughts may be limiting their ability to accumulate and succeed at trading.

 

The Disciplined Trader is critical for those new to the markets ~ to traders who are returning to the markets ~ and even veteran traders who cannot seem to break through to a higher threshold of accumulation and consistency. The reader will learn that the market is unstructured ~ unlike any other career field; will learn the Three Stages to Becoming a Successful Trader; learn how their very thoughts manage how they perceive the markets; and learn how to adapt to the ever-changing market environments.  Douglas helps traders neutralize the fear of losing ~ into a mindset of winning ~ through this systematic approach to creating, instilling, and maintaining the mindset of a consistently successful trader

Trading in the Zone

 

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

 

by Mark Douglas

 

Amazon Product Description

 

From Publishers Weekly

  • Douglas, president of the seminar firm Trading Behavior Dynamics, focuses on the psychology of successful traders. Instead of offering specific strategies, he advises readers, “The first step on the road…is to understand and completely accept the psychological realities of trading.” It may be too abstract for some, but given trading’s risks, this book could assist experienced investors willing to engage in self-reflection. (Jan.)
    Copyright 2000 Reed Business Information, Inc.

Review

  • Douglas explains to the trader just what type of mental mindset is needed to be a winner in the markets ~ and guides the reader along a path of self-discovery leading them to higher and sustained trading results.  Global Network Publishers inc.

  • Trading in the Zone introduces a whole new mental dimension to getting an edge on the market.  Use it to leverage the power of the “zone” for unprecedented profit. –New York Institute of Finance/Penguin Publishers

  • Learning how to think in probabilities is key ~ Douglas is excellent at discerning how to achieve that mindset through examples from his own trading, and examples from his days as one of the first trading coaches.  –IGN Network Blog

 

The Psychology of Trading

 

The Psychology of Trading: Tools and Techniques for Minding the Markets

 

by Brett N. Steenbarger

 

Amazon Product Description

 

From the Inside Flap:

 

Behavior is patterned. Beginning with this premise, noted clinical psychologist and active trader Dr. Brett Steenbarger opens the therapist’s door, demonstrating how traders can identify, interrupt, and change the problem patterns that interfere with successful trading. In The Psychology of Trading, Dr. Steenbarger draws upon real-life case studies and offers hands-on techniques for emotional change to assist traders in becoming their own therapists. Themes that set The Psychology of Trading apart include:

  • “Trading from the couch” by utilizing emotions as valuable market data

  • Identifying and building solution patterns that capture hidden trading expertise

  • Techniques for assessing and trading against the emotions of market participants

  • Methods for building focus and concentration for more automatic and trustworthy trading decisions

  • Creating shifts in states of consciousness to rapidly exit anxious, impulsive, depressed, and guilty frames of mind

In an engaging manner that provides practical solutions to real trading problems, Dr. Steenbarger walks you through the most common cognitive and emotional tendencies that distort efforts at identifying and trading market patterns. He then describes specific skills derived from years of brief therapy practice to help you become an effective observer of these tendencies and gain control over them. By blending state-of-the-art research from psychology and cognitive neuroscience with detailed case studies, The Psychology of Trading provides you with the intellectual and emotional ammunition to face yourself and transform your approach to risk and reward.

 

Enhancing Trader Performance

 

Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology

 

by Brett N. Steenbarger

 

Amazon Product Description

 

Through his own trading experiences and those of individuals he has mentored, Dr. Brett Steenbarger is familiar with the challenges that traders face and the performance and psychological strategies that can meet those challenges. In Enhancing Trader Performance, Steenbarger shows you how to transform talent into trading skill through a structured process of expertise development and reveals how this approach can help you achieve market mastery.

 

From the Inside Flap:

 

Trading is a performance discipline, and like Olympic athletes, elite military troops, and performing artists, traders can structure their development to achieve competence and expertise. Through his own trading experiences and those of individuals he has mentored, Dr. Brett Steenbarger is familiar with the challenges that traders face and the performance and psychological strategies that can meet those challenges.

 

In his first book, The Psychology of Trading, Dr. Steenbarger provided a framework for understanding and overcoming the mental obstacles to successful trading. Now, in Enhancing Trader Performance, he goes a step further and shows you how to transform talent into trading skill through a structured process of expertise development.

 

Straightforward and accessible, this comprehensive guide:

  • Discusses the importance of finding an optimal fit between your trading talents and interests; the markets you trade; and the ways you trade those markets

  • Explores how you can enter into a learning process that will cultivate your trading competence and expertise

  • Introduces the concept of learning loops, which enable you to make progressive improvements in your trading methods

  • Breaks down performance into three components—mechanics, tactics, and strategy—and examines the role of each in generating trading success

  • Illustrates how you can coach yourself with practical cognitive and behavioral techniques that rapidly change problem patterns and build new, positive ways of thinking and behaving

When you enhance your performance as a trader, you replace a small piece of randomness with intention. This enables you to make more informed trading decisions as you make your way through today’s dynamic markets. Filled with in-depth insights, practical advice, solid research, and detailed examples, Enhancing Trader Performance offers an innovative approach to market mastery.

 

The Daily Trading Coach

 

The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist

 

by Brett N. Steenbarger

 

Amazon Product Description

 

From the Inside Flap:

 

Every trader is an entrepreneur. And just as a new business must capitalize upon the strengths of its founders, a career in the markets crucially hinges upon the assets—personal and monetary—of the trader. As an active trader and a coach of traders in hedge funds, proprietary trading groups, and investment bank settings, author Brett eenbarger has helped others see the personal assets they have possessed all along: those that can pay a lifetime of dividends. In The Daily Trading Coach, he provides the tools to help you prioritize both your trading goals and your life—and become your own trading psychologist.

 

There are 101 lessons in The Daily Trading Coach, each averaging several pages in length. Each lesson follows the same general format: identifying an everyday challenge that traders face, an approach to meeting that challenge, and a specific suggestion for implementing that approach. The lessons cover a range of topics relevant to trading psychology and trading performance, including detailed instruction for utilizing psychodynamic, cognitive, and behavioral brief therapy methods to change problematic behavior patterns and instill new, positive ones. The chapters are independent of one another, so that you can read them in order or you can use the Table of Contents or Index to read, each day, the lesson that most applies to your current trading. In addition, the book includes insightful self-coaching perspectives from eighteen successful trading professionals who share their work online.

 

While the aim of the book is to help you become your own trading coach, its broader purpose is to help you coach yourself through life. The challenges and uncertainties you face in trading—the pursuit of rewards in the face of risks—are just as present in careers and relationships as in markets. The Daily Trading Coach provides a road map, and a practical set of insights and tools, for discovering and implementing the best within you.

 

10-Minute Toughness

 

10-Minute Toughness: The Mental Training Program for Winning Before the Game Begins

 

by Jason Selk

 

Amazon Product Description

 

From the Back Cover:

 

No psychobabble, no self-help clichés, no touchy-feely theories. Whether you’re striving to get ahead in business or sports, 10-Minute Toughness is the simple and effective mental-training program to help you make the most of what you’ve got and give you the extra push you need to go the distance. You’ll find the competitive edge you have been looking for in this power-packed guide.

 

Sport psychology consultant Jason Selk offers his potent three-step program to getting focused and staying on target, using just ten minutes of practice per day. He explains exactly what to do and how to do it, coaching you step by step as you learn how to:

  • Develop a specifically tailored mental workout to increase ability and consistency under pressure

  • Clear mental clutter and improve your competitive focus

  • Systematically enhance your work ethic

  • Use an effective goal-setting program to achieve solid results daily

  • Create a relentless solution-focused approach to overcome any obstacle

Selk has provided unbeatable mental coaching for numerous All-Star professional baseball players, Pro Bowl football players, Hall of Fame coaches, Olympic gold medalists, and other elite athletes, along with the corporate teams of many Fortune 500 companies. He even motivated the St. Louis Cardinals to victory in the 2006 World Series. Now, in 10-Minute Toughness, he makes his scientifically proven routines widely available for the first time. Packed with practical tools, tips, exercises, and activities, it is your complete guide for taking control of your success and beating your opponents-before the competition even gets going.

 

 

Learning Theory

 

The Talent Code

 

The Talent Code: Greatness Isn’t Born. It’s Grown. Here’s How.

 

by Daniel Coyle

 

Amazon Product Description

 

Review:

 

“I only wish I’d never before used the words ‘breakthrough’ or ‘breathtaking’ or ‘magisterial’ or ‘stunning achievement’ or ‘your world will never be the same after you read this book.’ Then I could be using them for the first and only time as I describe my reaction to Daniel Coyle’s The Talent Code. I am even willing to ‘guarantee’ that you will not read a more important and useful book in 2009, or pretty much any other year. And if all that’s not enough, it’s also ‘a helluva good read.'”—Tom Peters, author of In Search of Excellence

 

“This is a remarkable—even inspiring—book. Daniel Coyle has woven observations from brain research, behavioral research, and real-world training into a conceptual tapestry of genuine importance. What emerges is both a testament to the remarkable potential we all have to learn and perform and an indictment of any idea that our individual capacities and limitations are fixed at birth.”—Dr. Robert Bjork, Distinguished Professor and Chair of Psychology, UCLA

 

Money Management

 

The Trading Game

 

The Trading Game: Playing by the Number to Make Millions

 

by Ryan Jones

 

Amazon Product Description

 

Clear, concise, and practical, The Trading Game shows you how to harness the power of money management for any trading method “The goal of most futures traders is to make a million dollars as fast and as painlessly as possible. Unfortunately, few traders achieve this goal. In The Trading Game, Ryan Jones demonstrates how the proper application of his new money management strategy, Fixed Ratio Trading, can enable an average trading system to earn spectacular profits. My advice? Don’t trade until you’ve spent as much time and effort on money management as you’ve spent on developing your entry and exit rules.” -Tom Bierovic, Manager System Trading & Development Education, Omega Research, Inc.

 

“Ryan Jones is on the cutting edge of the most important element in the art of speculation-be it stocks or commodities-money management.” -Larry Williams, trader and author Long-Term Secrets to Shot-Term Trading

 

“Money management is the most overlooked part of trading but is the key to building enormous wealth. Ryan Jones first overviews classical methods and then discusses a new paradigm which, combined with a reliable trading method, can lead to financial security.” -Murray Ruggiero, President Ruggiero & Associates; contributing editor, Futures magazine

 

“At last-a money management book that is not intimidating or boring. Ryan Jones has made a complex subject easier to understand and follow. I am especially excited for all independent traders.” -Glen Ring, President, Glen Ring Enterprises editor of the widely respected View on Futures newsletter

 

“Ryan Jones has always been one of the most innovative traders and creative minds in the industry. With the writing of The Trading Game: Playing by the Numbers to Make Millions, he has taken the science of money management and risk control to another level. I wholeheartedly endorse his efforts and recommend this new work required reading to anyone either just entering the trading arena, or already participating in it.” -Ted Tesser, CPA and author, The Trader’s Tax Survival Guide

 

 

 

General

 

Trade Your Way to Financial Freedom

 

Trade Your Way to Financial Freedom

 

by Van K. Tharp

 

Amazon Product Description

 

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 and charts.

One Good Trade

 

One Good Trade: Inside the Highly Competitive World of Proprietary Trading

 

by Mike Bellafiore

 

Amazon Product Description

 

An inside look at what it really takes to become a better trader

 

A proprietary trading firm consists of a group of professionals who trade the capital of the firm. Their income and livelihood is generated solely from their ability to take profits consistently out of the markets. The world of prop trading is mentally and emotionally challenging, but offers substantial rewards to the select few who can master this craft called trading.

 

In One Good Trade: Inside the Highly Competitive World of Proprietary Trading, author Mike Bellafiore shares the principles and techniques that have enabled him to navigate the most challenging of markets over the past twelve years. He explains how he has imparted those techniques to an elite desk of traders at the proprietary trading firm he co-founded. In doing so, he lifts the veil on the inner workings of his firm, shedding light on the challenges of prop trading and insight on why traders succeed or fail.

 

An important contribution to trading literature, the book will help all traders by:

  • Emphasizing the development of skills that are critical to success, such as the fundamentals of One Good Trade, Reading the Tape, and finding Stocks In Play

  • Outlining the factors that really make the difference between a consistently profitable trader and one who underperforms

  • Sharing entertaining, hysterical, and page turning stories of traders who have excelled or failed and why, many trained by the author, with an essential trading principle wrapped inside

Becoming a better trader takes discipline, skill development, and statistically profitable trading strategies, and this book will show you how to develop all three.

 

The Playbook

 

The Playbook

 

by Mike Bellafiore

 

Amazon Product Description

 

Want to become a truly great trader – either for yourself or for a proprietary trading firm? This book will help you get there.

 

This unique approach is the closest thing to signing up for a “trader boot camp” yourself! You’ll learn by watching new traders walk through actual trades, explain what they’ve tried to do, and try to survive brutally tough expert critiques. One trade at a time, The Playbook reveals how professional traders must think in order to succeed “under fire,” how they assess their own performance, and how they work relentlessly to improve. Using concrete, actionable setups drawn from his extensive trading and training experience, Bellafiore walks through an extraordinary array of trades, showing readers how to maximize profits and avoid disastrous hidden pitfalls. He covers support plays, bull-and-bear flags, opening drives, important intraday levels, bounce and fade trades, pullbacks, scalps, technical opportunities, consolidation, relative strength, market trades, and more. He also presents indispensable insights on psychology and trader development, based on his work with hundreds of traders on a major commodity exchange and an elite prop firm’s trading desk.

 

Packed with color, personality, and realism, this is an exciting guide to real-world trading.