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Some highly recommended books


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Some highly recommended books

  #211 (permalink)
 arjfca 
Montreal, Canada
 
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This is a rare book, not anymore publish. I bough my copy on Ebay and have it signed by the author.

In it, there is no magic recipe, no promise to get you the grail. Listen to the Market is about what it said listening of what the market want to say. Witch direction, how does a market reverse, What is the prelude to a panic and how you can profit from it etc. There a good explanation on different aspects of the trading business.

Also include, some of is setup. They are explained with the trading participant point of view or emotion. How does the crowd react, how do they feel and how it is interpreted in the bars. Again this is not a recipe book. This is a reference book.

Ivan Krastins, the author was my mentor He is a trading legend in Australia where he was one of the founder of the AATA, a traders associations down there. What he wrote in the beginning og the 80' did go trough the crash in 87, in 92, in 2000 etc. The market was telling about is nervousness. Like any language, it need practice and open mind to succeed in the understanding of it.

Now living like Gilligan on a tiny island of Vanuatu in the deep South Pacific. The market as given him the opportunity to choose the way he wanted to live. He has by choice decided to live a very down to earth life, eating is vegetable and working with the Ni Van, the Vanuatu peoples

If you want to learn more about him, PM me.

Martin
Montreal, Canada

P.S. Excuse my English, I'm more fluent in French

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  #212 (permalink)
 
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 Nicolas11 
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cunparis View Post
I'm currently reading Outliers. The 10,000 hour rule is great. It explains why so many fail in trading. They don't stick around for the 10,000 hours. They either give up or blow up.

There is a shortcut!
"Electrodes plugged on the brain could replace the 10,000 training hours necessary to become an expert".


Summary in French: Brancher son cerveau sur électrodes pour remplacer 10.000 heures de travail | Slate
Full article in English: Zap your brain into the zone: Fast track to pure focus - life - 06 February 2012 - New Scientist

Nicolas

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  #213 (permalink)
 
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 Fat Tails 
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Nicolas11 View Post
There is a shortcut!
"Electrodes plugged on the brain could replace the 10,000 hours training necessary to become an expert".


Summary in French: Brancher son cerveau sur électrodes pour remplacer 10.000 heures de travail | Slate
Full article in English: Zap your brain into the zone: Fast track to pure focus - life - 06 February 2012 - New Scientist

Nicolas

I do it the traditional way and put a trading book under my pillow every evening. Only works after a good glass of French or Italian wine.

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  #214 (permalink)
 Shamal 
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I can't wait to inform my wife of my new bedtime routine, who knew a nice glass of barollo or a pinot could be the perfect adjunct to my ongoing education. Sheeesh, why didn't I think of this !??
I am a big fan of alpha wave technology, have been using it for a couple of years, it's not difficult to learn, just a bit of practice. Great way to start the trading day, very useful skill for everyone to learn.
Denise Shull's Market Games gets two thumbs up from me.

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  #215 (permalink)
 khamore1 
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THINKING FAST and SLOW . by Daniel Kahneman

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  #216 (permalink)
 
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 omni72 
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Fat Tails View Post
I also like the book by Joel Hasbrouck.

As per post # 105 of this thread, I also recommend the book by Barry Johnson on Algorithmic Trading and DMA.

Amazon.com: Algorithmic Trading and DMA: An introduction to direct access trading strategies (9780956399205): Barry Johnson: Books


Thanks for the heads up on this book. The ratio of trading specific books on my radar to non-trading related has grown heavier and heavier in favor of non. However, given your comments and Amazon reviews I decided to give this one a go.

I'm not a programmer or a quant. And I do not play either on TV, so it wasn't going to hurt my feelers if this book was destined to induce the eye-glaze effect. Pleasantly surprised. I'm only about 30% into the book, but so far it is all 100% readable.

My interest in the algo frontier is new, but I'm not new to trading. Amazingly, Barry's got a subtle knack for writing about stuff like order types that keeps it interesting and informational. I mean, I love trading, but if you look at the TOC it sure looks like some dry material ahead. Instead, it turns out more like you are part of a conversation. One that would bore any non-trader, sure, but luckily that's not me. Big kudos to Mr. Johnson

Looking forward to reading the rest of the book. One of my favorite parts so far is a tiny little blurb at the bottom of page 67:


Barry Johnson
Order placement and execution times are now measured in fractions of a second. In comparison, the old U.S. equity inter-market system (ITS) allowed dealers up to 30 seconds.

Thirty seconds?!? Today, that is like a century to a day trader

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  #217 (permalink)
 
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 Boomer34 
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I just picked up 2 of Kiev's trading psychology books from some high marks in the thread...I will report back soon.

Trading in the Zone

&

Trading to Win

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  #218 (permalink)
 
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 gregid 
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I am looking for books that will not be about trading signals/systems or how to trade (as there is too many of them on the market already) but will provide inside out interpretation of the price action, volume, Level II info (as in: "slight drop below the support line could be explained by stop hunting..." etc.).

I am also interested in things like creation of the order book, priority of order types in the order book (eg.: will limit orders be executed before market orders, etc.) so some insider knowledge of book makers could be interesting

I would rather go for technically accurate than easy read.

So in short I need 2 things:
1. technical explanation on how the market/order book works
2. some attempt at interpretation of price/volume/volatility/level II information (what drives those changes)

Any recommendations?

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  #219 (permalink)
 
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 Surly 
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gregid View Post
So in short I need 2 things:
1. technical explanation on how the market/order book works
2. some attempt at interpretation of price/volume/volatility/level II information (what drives those changes)

Any recommendations?

This may not be exactly what you're looking for but it is definitely worth reading, is "factually accurate, and will help fill in gaps in knowledge about what trading and exchanges are.

Amazon.com: Trading and Exchanges: Market Microstructure for Practitioners (9780195144703): Larry Harris: Books

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
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  #220 (permalink)
 
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 gregid 
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Surly View Post
This may not be exactly what you're looking for...

Thanks Surly

Obviously I am aware I rather won't find everything I am looking for in just one book but this book is a step in the right direction for at least some of the information I am after (structure of the markets).

Thanks again... any other recommendations?

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