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Some highly recommended books

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Market Wizard
OC, California, USA
Trading Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
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While we are talking about diversification, The Ivy Portfolio is a good book about how top Ivy League endowments invest by diversifying across asset types as well. They tend to use a relative strength approach: only hold positions in sectors or types that are performing the best of the past x days, then re-adjust every y days, switching into other asset types if something else emerges stronger. This approach is hard to backtest with Ninjatrader since NT doesn't support portfolio features in their backtesting, so I had to do it all with SQL

The Ivy Portfolio: How to Invest Like the Top Endowments and Avoid Bear Markets: Mebane T. Faber, Eric W. Richardson: 9781118008850: Books

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