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Best Stock Trading Books

Best Stock Trading Books


Best stock trading books on Amazon.com. 2014 highest rated, top recommended best sellers stock trading books to read for beginner to advanced traders.




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Best stock trading book

Many say few know more about stock trading than Michael Swanson, who ran a top ranked hedge fund for four years and has built up a huge audience of readers on his website WallStreetWindow.com thanks to the accuracy of his market calls and investment acumen, including making over 50% in 2008 in one of the worst years for the stock market ever. His book Strategic Stock Trading demystifies the stock market by explaining what truly makes the stock market and individual stocks move the way they do and shows you how you can take advantage of it. The book explains the principles required for you to become an elite trader in the stock market, including what and when to buy and sell using the Two Fold Formula, how to manage risk, and how to be able to foresee real changes in the overall trend of the market before the crowd does. There are many investment books that describe aspects of technical and fundamental analysis. This one puts them together and shows you have to really use them in a strategic way backed by real life experiences and examples. It also discusses the psychology of investors in the market and how hedge funds and institutional investors now influence the stock market more than ever before and what the individual investor must do in this type of market to succeed.

Review

While reading Strategic Stock Trading, I was able to use some of the techniques from the book to "read" stock charts better and to make some better trades that resulted in profits. I was also able to close some positions which would have resulted in losses if I had held them any longer. I have been trading options since 2003. I quadrupled my trading account, then watched like a deer caught in the headlights, while my account had a 50% draw down from late 2007 thru early 2009. In the last six months I have inched my way up to about 75% of my top rung. Through self discipline, I have learned to shorten the holding time that I am in a position and have learned to liquidate positions which are starting to look like they want to take a vacation in the sun (head south).

While reading Strategic Stock Trading, I realized that by looking at stock charts with a different perspective, like Michael Swanson shows you how to do, trading can be so much easier. Michael shows how to step back and look at the overall life cycle of a sector of the stock market and the life cycle of an individual stock, to see which of the four stages of the life cycle they are in. Strategic Stock Trading shows how to see the trend that a stock is in, even though it may be oscillating up and down and not giving a clear trend in the short term. This oscillating within a range may happen just before the stock breaks out, up or down, depending on which part of the life cycle the stock is at.

With thousands of stocks to chose from to trade, how does a person know what to trade to make a profit? The media is full of brilliant ideas and suggestions. When you understand how to look at the life cycle of a stock and use some basic charting techniques, it is easy to see whether or not to take a position on a brilliant idea or suggestion, or whether to be in cash, ready to take advantage of the next direction a stock is going to take. It's not about being able to read Candlesticks, Fibonacci Retracements, Elliot Waves, Head and Shoulder and other patterns. It's being able to understand the psychology of other traders (including professional traders). This is what Michael Swanson is getting at in his book Strategic Stock Trading. Yes, it is a short book and it can be read in one sitting, if you like, but the basic concepts may take you by surprise. It may adjust your thinking a bit and you may become profitably happy from that adjustment. It happened to me and I am looking forward to a happy trading future - regardless of which way the market trends.




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Best stock trading book

A time-tested guide to stock trading market cycles.

Published every year since 1968, the Stock Trader's Almanac is a practical investment tool with a wealth of information organized in calendar format. Everyone from well-known money managers to savvy traders and investors relies upon this annual resource for its in-depth analyses and insights. The Stock Trader's Almanac 2012 contains essential historical price information on the stock market, provides monthly and daily reminders, and highlights seasonal trading opportunities and dangers. -

The Stock Trader's Almanac 2012 is packed with timely insights and targeted analysis to help you navigate turbulent markets and beat the odds in the year ahead. This trusted guide combines over a century's worth of data, statistics, and trends along with vital analysis you won't get anywhere else. The 2012 edition includes a revision of the Seasonal Switching Strategy that significantly boosts returns as well as new information on the coming Super Boom. Other key seasonal and cyclical updates include pre-presidential election year cycles and perspectives, how the government manipulates the economy to stay in power, incumbent victories vs. incumbent defeats, and the market impact of the lame duck year. -

Alerts you to little-known market patterns and tendencies to help forecast market trends with accuracy and confidence An indispensable annual resource, trusted for over 40 years by traders and investors The data in the Almanac is some of the best in the business

For its wealth of information and the authority of its sources, the Stock Trader's Almanac stands alone as the guide to intelligent investing.

Review

The October 31, 2011 Wall Street Journal has a great article about how the Stock Trader's Almanac has called the 2011 market to near perfection. In my view, the market anomalies identified by the STA cannot be ignored. No, they are not right all the time, but they are right often enough to bear close watching -- particularly the January Barometer and the Best Six Months strategy.




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Best stock trading book

Dave Landry has delivered the definitive text on profiting in the financial markets. In this book, he debunks market myths, reveals market truths, and teaches you to think and act like a trader. Mr. Landry also identifies what it takes to level the playing field, and shows you how you can regularly earn money from the markets like a professional. This book offers a refreshing perspective and a new approach to Wall Street, whether you are entirely new to investing and trading or have been around the markets all your life. Everything you need to know to consistently profit in the market is covered in this comprehensive work. Learn how Wall Street really works and what it takes to succeed in one of the most savage market environments we have ever known.

Review

There is an expression, 'I'm sorry that this letter is so long. I didn't have time to shorten it'. In other words, good writing takes time to simplify. Good (or better yet, successful) trading also takes time to simplify. It is a familiar story; we spend years trying different systems, methods and structures. We accumulate dozens of different indicators and continually fiddle with their parameters. We keep searching for yet another way to trader's nirvana, only to find that the simplest and most direct route is the real path to follow.

Dave Landry uses only an occasional straight line and a simple moving average to find winning stocks, together with a straightforward money management approach. He trades only equities because he believes that these trend best. He happily describes himself as a `trend following moron' because his approach is self-regulating. If the market is trending up (or down), prospects present themselves. If it is ranging, he waits until it trends again.

Dave looks for a strongly trending stock with reasonably high volatility and an acceptable increase in price relative to the trending period. The trend should have been in place for about twenty days and be fairly persistent i.e. a straight line drawn through the trend should intersect all or most of the daily bars. The stock should have completed a pullback of two to seven bars and be resuming the trend. And that's the gist of it. There are a few wrinkles and some variations on this theme but they are all related to taking advantage of a strong trend, its pullbacks and entering on the trend resumption.

This is Dave's third book and each book provides this same basic message. His system works, it is simple and it gets results. His first book was one of the many that I read when I started trading some years ago. But like most traders, simplicity wasn't enough for me and I moved through the `more complexity is better' routine. I can recommend this book to those just starting out, as well as to the many that have been scratching unsuccessfully in the trading henhouse for some time.

This article was updated on 11/5/2014.


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