best book on stock trading

prst

Well-Known Member
#32
currently reading "Introduction to technical analysis" by Martin Pring.
its good for beginners.
 

Cubt

Algo Trader
#33
Dude, for technical analysis dont read such books. Go to nse website n download ncfm technical analysis module. Trust me I learnt all most everything abt TA wit tat module.
 

Tamil trader

Well-Known Member
#34
Dude, for technical analysis dont read such books. Go to nse website n download ncfm technical analysis module. Trust me I learnt all most everything abt TA wit tat module.
hai kiruba,

very soon, you will become a portfolio manager......... study mcx MCCP modules also.........

by

Vinoth
 

Cubt

Algo Trader
#35
Yeah..will do.. Have Currency derivatives certification exam next month, once that is completed, will do MCX
 
#37
Read all below, and well recommended for any trader.

Each book provides a different insight. The greatest trade ever - the story of how John Paulson was an eye opener. Though not a fan of his, the story details how big funds play and the research that goes into the trades. The analysis part is amazing, because the big payoffs are at a time when a fund is placing a bet against the trend and conventional wisdom.... but the funds play big, and have the vision to see beyond the immediate... the payoff is far away, mostly over a few months, or even years, and in the meantime, they take big hits against their position, but hold on to the trade with conviction - maybe with additional research and even outside and independent analysis to remove bias.

Market wizards series is a classic too, and details the mind and general systems of many extremely successful traders who even blow up a few times. The story is of the few who remain. (I would also like to read about traders who blow up - and fade away into the horizon - should make interesting reading and provide good insight)

The disciplined trader is also a must read. It is more of an insight to a traders mind and psychology. Many traders can readily identify and see themselves in it.... It has helpful and practical advise at a psychological level.

One book I am reading now is Phantom of the Pits - An insight provided by a successful trader with over 30 years experience. The essential points made which is entirely opposite of how traders think - To assume that the trade one is entering is wrong. (It makes it easier to enter and exit a position quickly and for a small loss)

Another book that I would recommend to traders is - The black swan and Fooled by randomness by Nicolas Taleb. This is a bit higher level reading and may not be liked by all. But worth a read in my view.

Happy reading and happy trading.
thanks for insight.......currently reading The Intelligent Invester..which book should i follow
 

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