why not offer some yourself?
edit: I agree with OZ that there really aren't any books out there that will help experienced traders, but I enjoy reading so here are some reviews.
Alright, here goes:
The Art of Short Selling, Staley.
I read this book hoping it would be geared more towards a trading perspective, but found it to be for investors. Stanley gives very detailed examples of how to find short candidates. These shorts can take years to actually become profitable. If you are interested in being part of a small percentage of the industry that thrives on going against the grain then this book will be helpful, but it is useless for traders.
Technical Analysis of Stock Trends, Edwards & Magee.
This book is considered by many to be the "bible" of technical analysis. I found it to be useful for the basics of TA, so it is a good book for beginners. But, it is only the first step in TA in my opinion, and any beginner must then go on to study todays new tools such as RSI, OBV, MACD etc.
Pit Trading, Hoffman & Baccetti.
This book gave insight to the average day for a pit trader. It won't help your trading, but it's a fun read. Only downside is the short 140 pages.
The Day Traders, Millman.
This was one of the most disappointing trading books I have read. The book is just a history of events leading to where we are today. No actual trading info here.
The Amazing Life of Jesse Livermore, Smitten.
This was a fun read about the life of the first "daytrader" in history. I am just about to read Reminiscences of a Stock Operator which is the same theme, so I can't yet say which book is better.
New Market Wizards, Schwager.
This was definitely one of the better trading books, although my trading will not be affected from the book. Read it for fun to get into the minds of some of the great traders of the 80's and early 90's. Well written but unhelpful. |
