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Here are some of my favorite stock market books that I like and why?
| 1. How to Trade In Stocks by Jesse Livermore – The core book is only 90+ or so pages. But, each page, paragraph, sentence and word is narrated in a very powerful manner. He explains how “Speculating in the stock market” is an art, rather than a science and do’s and don’t in the market by a layman. There are lot of word of wisdom in this book. Don’t worry about the market key concept unless you are very much interested. |
| 2. How I Made $2,000,000 in the Stock Market – Nicolas Darvas – Simply explains, how you can stay away from the market and still make money. How a layman can be successful in the stock market? He explains his stock market experience as a novel, rather than a set of instructions. Don’t worry about the box theory unless you are very much interested. |
| 3. Tape Reading & Market Tactics by Humphrey B Neill – He explains, how the stock market works in layman terms. It was true 100 years ago, and now and will be the same in the years to come. A worth reading book and lot of word of wisdom, as well. |
| 4. How to Make Money in Stocks: A Winning System in Good Times and Bad, by William O’Neil – A MUST read for modern day stock traders. My opinion is, he pretty much explains all the above books key takeaways in a modern and actionable way and how to detect them using fundamental and technical analysis. When to buy, add more, hold and sell the stocks. Also, explains various key chart patterns. A lot to digest in this book and will be very overwhelming at time. You may have to try his strategy with different types of growth stocks stock and finally decide the one works for you. Following the STOP LOSS is a MUST when trading in growth stocks, as trading growth stocks is simply playing with the fire. Trading growth stock is a lot of excitement and very profitable. So, the other side. So, when you are wrong, just get out. I mean, just get out as he emphasis throughout the book. So, after making and loosing money, my profitable trading style is trading the big and mega cap ( 20+ billion in market cap) growth stocks. I don’t follow any of the chart patterns. The only thing, I follow is 50 day moving average bounce, as pretty much all bullish stock patterns forms around or above this key line and most of the stocks will test this line one way or other during their bull run. |
| 5.How to Make Money Selling Stocks Short – by William O’Neil – The art of short selling. All you need is only this book. Period. The core book is very small, but plenty of annotated charts. The chart annotation not only explain when to short sell the stock, but also when to buy them, as well. |
