It is impossible to do business without reading books, unless you are a genius and can learn without a teacher. Learning from other people's experience is the fastest and most effective shortcut to success.
In order to learn trading, I have also read a lot of books. Here are a few for your reference: Ranked in random order
1. "Principles of Professional Speculation", author Victor Sporundi, who is known as the "Terminator of Wall Street". In the book, the author makes a description of the basic analysis and psychological analysis that is similar to the depth of economists and psychologists. The depth is profound, but it seems a bit boring to the majority of retail investors, and the author clearly It is not suitable for the majority of ordinary small retail investors to say that they are based on fundamentals and supplemented by technical aspects. Therefore, I think that as retail investors, even though this book is a good book, we don't have to focus on it, just look at it and get some nutrition.
2. "The Road to Freedom to the Financial Kingdom" I can't remember what was said in it.
3. The rules of opening and closing positions in "Ghost's Gift" are quite classic and useful.
4. In the book "Adam Theory", there are mainly four words "follow the trend". As for the technical methods mentioned in it, I really can't agree!
5. "Dow Theory" (or "Stock Market Barometer") may be a bit old, and it always feels awkward to read. The main achievement is the three conditions of technical analysis proposed by the author. There are also major trends, secondary trends, etc.
6. "Money Game: Confessions of a Speculator" allows you to understand the history of speculation and the nature of speculation.
7. "Trend Trading Master: Tools-Strategy-Methods", authored by Guppy, describes how to use a set of moving averages.
8. "Japanese Candle Chart Technique", a very good introductory textbook
9. "Crow Talks about Futures Trading Strategies", a master class, I read it 3 times carefully
10. "The Wisdom of Stock Trading", authored by Chinese-American Chen Jiangting, the content is more practical and instructive.
11. "Wave Theory", this book is completely negative! This book is quite famous. It is undeniable that Mr. Ai's book is of great value in theoretical research, but it is only limited to theoretical research, and the author himself has never used wave theory in actual combat. Leaving aside the widely criticized Thousands of People and Thousands of Waves, just because its quantitative basis is based on the Fibonacci sequence without any basis, I directly vetoed the possibility of actual combat. This is also the main reason why I have never paid attention to the wave theory. Because using the Fibonacci sequence to analyze is similar to fortune-telling, which is illogical at all. The market trend has not yet come out, but it has been calculated in advance which point the market will go to or which point it will pull back to. Isn’t this nonsense? Besides, there is not just one key number in the Fibonacci sequence, but many, 0.38? 0.5? 0.618? etc. Which one should you believe? This is the same as someone using the Book of Changes, spells and astrology to speculate in stocks. I think they are all funny and mysterious, making it feel a little mysterious. Moreover, in the book "Trading Bible", the author Brent Penfolds used 15 years of actual trading experience and tens of thousands of statistics to completely deny the practicality of the wave theory.
12. "Gann Theory", I basically hold a negative attitude towards this book! It is very famous, but I personally feel that after reading it, it is not very useful in actual combat. Of course, some principles summarized in the book have certain value. And it is rumored that Gann himself made no money at all.
13. Ling Bo, the author of "Oscillatory Indicators MACD Band Operation Essence", this book is written by a Chinese. It is a very good teaching material for learning MACD indicators. The content is detailed and rich, and it also lists some things of practical value. , if someone wants to learn more about the MACD indicator, it is a pretty good textbook. I read it carefully twice.
14. The author of "Di Napoli Point Analysis Method" is American Di Napoli. The book is full of the author's whimsical ideas and some strange concepts. I feel that it has no practical value. I basically hold a negative attitude towards this book !
15. Larry, the author of "Short-term Trading Secrets", the most important thing is that the author pointed out that short-term trading is not within the day, let alone trading orders.
16. "Trading Bible" Brent Penfolds is a pretty good book, worth reading carefully. The biggest highlight is that the author used 15 years of experience and 36,000 real data to completely negate Fibonacci The mysterious validity of the numbers, thus completely negating the wave theory. This result coincides with my idea.
17. The author of the book "Trading for a Living" is an American Soviet. The content in the book is very valuable. The most prominent highlight is that the author proposed a three-layer filter system. My technical trading system is influenced by Inspired by this. And at the end of the book, the author used a small amount of space to say another truth: mentality can only be relied on by yourself, and no master can help you! The trigger can only be pulled by yourself!
18. Pringle, the author of "Kinetic Energy Index", the first two chapters of this book are classics in explaining the principle of kinetic energy! The author's description of the principle of kinetic energy is quite profound and not difficult to understand,! It is recommended to study these two chapters at least three times! Do not read other content.
19. Mark Douglas, the author of "Psychological Analysis of Trading", deeply and detailedly analyzes the psychological state of traders. If you are a trader who already understands technical analysis but has been unable to make stable profits for a long time, then you must read this book This book is sure to resonate.
20. "Memoirs of a Stock Operator" describes the wonderful investment career of the famous speculator Jesse Livermore. This book and the author himself are almost deified in the hearts of countless investors. It can be seen that there must be a reason why it can still be praised to this extent after so many years. In fact, you only need to read the catalog of this book first. Every sentence in the catalog is a classic summed up from actual combat! Perhaps these classics have been eulogized countless times today, and they have become a bit clichéd, but half a century ago, the author summed up these lessons in a pioneering way. These experiences have become principles of speculation today.
21. Robert D. Edward, the author of "Technical Analysis of Stock Market Trends", and John Murphy, author of "Technical Analysis of Futures Market", these two books have been highly praised by countless people, and are even called must-read classics on Wall Street. In my opinion, these two books are indeed classic textbooks on technical analysis, an encyclopedia on technical analysis methods, and a Xinhua dictionary in technical analysis! The book collects quite a lot of technical analysis methods and indicator theory schools, and the author has carried out detailed or brief descriptions one by one, various theories, various indicators, various forms, etc., but the book basically only lists them all. . As an introductory teaching material for technical analysis, if you only conduct theoretical research on technical analysis, these two books are absolutely good books and enough for you to use. However, if you want to form your own set of systematic technical trading methods and use them to make money in actual combat, you need That's impossible with these two books. There are so many methods mentioned in the book, each with its own advantages and disadvantages, which one should I use? ! How to use it? ! These two books are actually equivalent to the Xinhua dictionary. If you want to become a writer who can write beautiful articles, what is the use of memorizing all the Xinhua dictionaries? ! Therefore, I think the real usefulness of these two books is not very great. Its greatest role is to collect most of the technical methods together, and make certain analysis and comments, so that beginners can consult and learn. It is actually a technical analysis tool book!
22. "Smart Investor" written by Graham and highly praised by Buffett. I read the beginning, but I really can't stand it. It is not suitable for small retail investors like us who use technical analysis. Fund managers may take a look . Those who are interested and able to do fundamental analysis can study it.
In addition, there are some books that are useless after reading, or books that only talk about common sense, and books that only talk about basic knowledge, so I won't list them one by one. In addition, I have read some books written by Chinese people, such as "Tanglement", etc., I will talk about it separately next time.
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