Ten Best Stock Trading Books
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1. "The Big Book of Stock Trading Strategies" by Matthew Kratter
Stock trading can seem like an insurmountable task, especially if you are a
beginner. You don't have to be a professional trader or a hedge fund manager
to trade profitably in the stock market. In his latest book, "The Big Book
of Stock Trading Strategies," Amazon best-selling author and retired hedge
fund manager, Matthew Kratter shares powerful, yet simple-to-use trading
strategies that can have you trading stocks in no time.
Kratter has
collected the most popular trading strategies from his previous books in
this comprehensive guide. The strategies include "The Rubber Band Stocks
Strategy," "The Rocket Stocks Strategy," and "The Day Sniper Trading
Strategy." With Kratter's advice, you will learn how to spot a stock that is
about to explode higher, how to screen for the best stocks to trade, insider
tricks used by professional traders, and much more.
Kratter's style
is simple and clear, making it easy for beginners to understand. However,
his books are not just for beginners. Experienced traders can also find
interesting strategies in this book of around a hundred pages. The book has
received praise for its content quality and for being a super-set of three
individual copies that you can buy separately.
Kratter's great talent
is boiling down a complicated subject to simple, straightforward steps. His
books don't give you fluff; the information is full and useful, and there's
no more information than there needs to be.
In a market fraught with
misinformation and predators waiting to take your hard-earned money, "The
Big Book of Stock Trading Strategies" clarifies the dangers and explains
strategies in a way that the layman can understand. Join the thousands of
smart traders who have improved their trading with Kratter's strategies.
2. "Market Wizards: Interviews with Top Traders" by Jack D. Schwager
“Market Wizards” is one of the most captivating books ever written about
Wall Street, and discover the secrets behind the incredible success of the
world's top traders! How do they manage to accumulate tens or even hundreds
of millions of dollars each year? Are they blessed with an innate talent, do
they possess a mysterious knowledge, or are they simply lucky? Author Jack
D. Schwager delves into these questions by interviewing numerous highly
successful traders from various financial markets in his book, Market
Wizards. Despite the differences in their answers, all of these traders
share a common formula for success: a solid trading methodology combined
with the right mental attitude. In this book, Schwager presents their
stories and distills their advice into a set of guiding principles that can
help anyone become a successful trader.
The book features interviews
with superstar traders like Bruce Kovner, Richard Dennis, Paul Tudor Jones,
Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and many more.
Schwager reveals the fascinating true stories behind their most sensational
trading coups, including the incredible tale of the trader who turned
$30,000 into $80 million, the hedge fund manager who has averaged 30%
returns for the past twenty-one years, and the T bond futures trader who
made $2 billion in a single day from just $25,000.
3. "The Way Of The
Turtle" by Curtis Faith
“The Way of the Turtle” is the first book to
reveal the complete story behind the success of the "Turtles," a group of
traders who used a secretive trading system to earn profits of over $100
million.
Curtis Faith, the top-earning Turtle, was only nineteen years
old at the time and traded the largest account, making over $30 million in
just over four years. He takes readers behind the scenes of the Turtle
selection process and shares the lucrative trading strategies that enabled
them to achieve an average return of over 80 percent per year.
Readers
will learn about the principles that guided the Turtles' trading, the
step-by-step methods they followed, and how to look beyond the rules as the
Turtles implemented them to find core strategies that work for any market.
The book also discusses the reasons why some Turtles were more successful
than others, how to apply the Turtle Way to your own trades and in your
life, and ways to diversify your trading and limit exposure to risk.
Faith shares his unique perspective on the experience and explains why the
Turtle Way still works in modern markets. He also provides valuable insights
on taking risks, choosing your own path, and learning from your mistakes.
Way of the Turtle is a must-read for anyone interested in trading and
learning from the successes and failures of one of the most legendary
trading experiments of all time.
4. "Reminiscences of a Stock Operator" by
Edwin Lefèvre
Despite being published over seventy years ago,
“Reminiscences of a Stock Operator” by Edwin Lefèvre still offers valuable
insights into crowd psychology and market timing that are as relevant today
as they were during the frenzy of last summer's foreign exchange markets.
Considered the most entertaining book on investing, Reminiscences of a Stock
Operator has remained popular and in print for eighty years. Even after
twenty years and multiple re-reads, it remains one of the author's all-time
favorite investment books.
A classic must-read for all investors,
regardless of their level of experience, this book has stood the test of
time and continues to offer valuable lessons about markets and people. First
published in 1923, it is the most widely read and highly recommended
investment book ever. This timeless tale will enrich both your life and your
portfolio.
5. "How to Day Trade for a Living" by Andrew Aziz
Active trading offers a level of freedom, flexibility, and income that few
other careers can match. As a day trader, you can live and work from
anywhere in the world, set your own schedule, and answer only to yourself.
However, achieving success as a day trader is not an easy feat and only a
few traders actually manage to do so.
For novice traders, this book
serves as a useful starting point to understand the fundamentals of day
trading, develop your own strategy, and set your expectations accordingly.
But reading alone won't make you a profitable trader. You will need to
practice consistently, use the right tools and software, and engage in
ongoing education to achieve success.
Intermediate traders may benefit
from the book's extensive overview of classic strategies that most retail
traders use with proven success. If you feel that you have outgrown the
novice stage, you may want to skip ahead to Chapter 7 to gain insights into
the most important day trading strategies.
Day trading is not a hobby or
a form of gambling. It is a serious endeavor that requires discipline and a
focused approach. Regardless of your own routine, starting the day with a
structured approach will yield valuable dividends.
6. “The Intelligent Investor” by
Benjamin Graham
The ideas presented in this book are essential for any
investor, emphasizing the importance of viewing investing as business
ownership, rather than focusing solely on market fluctuations.
Benjamin
Graham, the greatest investment advisor of the twentieth century, inspired
and taught people around the world with his philosophy of "value investing."
This approach has shielded investors from substantial errors and taught them
to develop long-term strategies, making “The Intelligent Investor” the stock
market bible since its first publication in 1949.
The wisdom of Graham's
strategies has been proven over the years with market developments. This
revised edition maintains the integrity of Graham's original text while
including updated commentary by noted financial journalist Jason Zweig. His
perspective incorporates current market realities, draws parallels between
Graham's examples and today's financial headlines, and provides readers with
a more comprehensive understanding of how to apply Graham's principles.
7. "A Random Walk Down Wall Street" by Burton Malkiel
Burton G.
Malkiel's investment guide, “A Random Walk Down Wall Street”, is considered
one of the "few great investment books" (Andrew Tobias) and has sold 2
million copies.
In a world of misinformation about financial growth,
Malkiel's updated fiftieth anniversary edition is more relevant than ever,
providing a gimmick-free approach to investing. Whether you're just starting
your 401k or planning for retirement, Malkiel draws on his expertise as an
economist, financial advisor, and successful investor to show how consistent
savings and diversified index fund investments can lead to above-average
returns. The book also addresses popular investment trends such as
cryptocurrencies, NFTs, and meme stocks and discusses tax-smart investing
and new management techniques such as factor investing, risk parity, and ESG
portfolios. This comprehensive guide offers step-by-step advice for
investors of all ages, experience levels, and risk tolerances to protect and
grow their wealth.
8. “The Little Book That Beats the Market” by Joel
Greenblatt
“The Little Book that Beats the Market” by Joel Greenblatt
is a concise and practical guide to successful stock market investing. First
published in 2005 and with over 300,000 copies sold, it has become a classic
in finance literature. Greenblatt explains how investors can beat the market
averages by following a formula that seeks out good businesses available at
bargain prices. In this updated version, he includes new data and analysis
covering the recent financial crisis and model performance through 2009.
Using plain language, humor, and 6th-grade math, Greenblatt reveals his
time-tested formula for buying above-average companies at below-average
prices. He also shows why most investors fail and why his formula continues
to work. Readers will learn the principles of value investing in a
straightforward and accessible way, providing them with a long-term strategy
they can stick with through good and bad market periods.
9. "The
Disciplined Trader" by Mark Douglas
“The Disciplined Trader” is a
pioneering book that tackled the psychological aspect of successful trading.
Originally published in 1990, it has become a classic in the industry.
Douglas delves into the reasons why most traders struggle to maintain
consistent equity and offers practical solutions to overcome limiting
mindsets. The book takes the reader through a step-by-step process to
identify and break through these mental barriers, and to understand how
their thoughts can impact their trading success. It is a valuable resource
for traders who want to develop a disciplined mindset and achieve long-term
success in the markets.
10. "Common Stocks and Uncommon Profits" by
Philip Fisher
Phillip Fisher is a legendary figure in the world of
finance, and his insights have had a profound impact on Warren Buffett's
investing philosophy. In an era when quantitative analysis dominates the
financial world, Fisher's classic book, “Common Stocks and Uncommon
Profits”, is a must-read for anyone who wants to understand how to evaluate
a company beyond just the numbers.
Fisher's approach to investing
emphasizes the importance of understanding a company's management, industry
position, and long-term growth prospects. He coined the term "scuttlebutt"
to describe the process of gathering information about a company by talking
to customers, suppliers, and competitors.
In the latest edition of
the book, Fisher's son Kenneth provides a poignant introduction that adds
depth and context to his father's work. This alone is worth the price of
admission, as it provides a personal glimpse into the mind of one of the
greatest investors of all time.
For anyone looking to improve their
investing skills and gain a deeper understanding of what it takes to succeed
in the stock market, “Common Stocks and Uncommon Profits” is an essential
read.
 Besides
the top 10 books listed above, we would also like to recommend our own book
for your consideration: "LIGHTING
THE PATH TO PROFITABLE TRADING: A Step-by-Step Guide to Building a Trading
Strategy Verification Tool with VBA Macros" (the best part is: it is
free!). No matter how good a stock trading strategy may
sound, it is important to verify it using scientific methods and tools. Even
with the same trading strategy, the results can vary greatly depending on
factors such as the target stock and parameter settings. Our tutorial
handbook provides ideas and tools for performing these verification tasks.
The purpose of this book guide is to provide traders with a practical
and comprehensive approach to developing and testing trading strategies
using Excel and Visual Basic for Applications (VBA). The guide covers
various aspects of trading, including technical analysis, back-testing, and
performance evaluation, making it suitable for traders of all levels. With
practical examples, step-by-step instructions, and illustrations, this
tutorial helps traders build and test their own trading strategies using
Excel and VBA.
At the end of the guide, traders will have the
knowledge and skills necessary to develop and evaluate profitable trading
strategies and make informed decisions in the market. The guide shows
traders how to build a simple tool to verify their trading strategies'
effectiveness using Excel and VBA, even if they don't have strong
programming skills. With a back-testing spreadsheet, traders can test their
strategies on historical data, allowing them to evaluate the effectiveness
of different ideas, methods, and tools.
The guide is also helpful for
traders interested in testing various financial instruments, such as stocks,
Forex (foreign exchange), options, futures, cryptocurrencies, and bonds,
among others, using back-testing techniques. The handbook is available for
free download at this link, and we hope it provides traders with the
knowledge and skills they need to start building their back-testing
spreadsheet and testing their trading strategies.
And click Free Trial to download strategies testing tools, all for a 30-day Free Trial.
Click on Subscription to order more strategies testing tools to help your stock trading.
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