NexusFi: Find Your Edge


Home Menu

 





Some highly recommended books


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Fat Tails with 49 posts (98 thanks)
    2. looks_two Big Mike with 37 posts (82 thanks)
    3. looks_3 wh with 13 posts (15 thanks)
    4. looks_4 cunparis with 13 posts (31 thanks)
      Best Posters
    1. looks_one SMCJB with 2.7 thanks per post
    2. looks_two cunparis with 2.4 thanks per post
    3. looks_3 Big Mike with 2.2 thanks per post
    4. looks_4 Fat Tails with 2 thanks per post
    1. trending_up 344,028 views
    2. thumb_up 727 thanks given
    3. group 264 followers
    1. forum 527 posts
    2. attach_file 47 attachments




 
Search this Thread

Some highly recommended books

  #411 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
Posts: 1,896 since Sep 2009
Thanks Given: 3,379
Thanks Received: 1,540

Compares two recent books on forecasting. I have not ordered or read either of these.

The attached has been scanned from the NY Times International Print Edition - 22 October 2015.

Attached Thumbnails
Some highly recommended books-scannable-document-26-10-2015-8_28_26-am.pdf  
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
Exit Strategy
NinjaTrader
Better Renko Gaps
The Elite Circle
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 

  #412 (permalink)
 
Tymbeline's Avatar
 Tymbeline 
Leeds UK
Market Wizard
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradovate
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 644 since Apr 2015
Thanks Given: 2,342
Thanks Received: 1,054

^^^ The Tetlock & Gardner book discussed just above also had a very favourable review a few days ago in the Culture supplement of The Sunday Times (UK). (Can't be seen online, unfortunately, other than by paid subscribers to the website.)

Reply With Quote
  #413 (permalink)
 justrandom 
Batavia NY
 
Posts: 31 since Nov 2015



Attached Thumbnails
Click image for larger version

Name:	womenoptions.jpg
Views:	259
Size:	37.3 KB
ID:	197629  
Reply With Quote
  #414 (permalink)
 
vk79's Avatar
 vk79 
Michigan
 
Experience: Intermediate
Platform: Ninjatrader
Trading: NQ
Posts: 158 since Jun 2009
Thanks Given: 265
Thanks Received: 85


justrandom View Post

This Review on Amazon doesn't agree that this book is worth spending time and money on.
Here is the review:
1.0 out of 5 stars If 0 of 5 stars were an option..., August 4, 2012
By
KCtrader

This review is from: Option Trading in Your Spare Time: A Guide to Financial Independence for Women (Paperback)
Would you buy a cookbook from someone who claims to be a chef, who clearly understands the ingredients and components of a good meal, but just couldn't make a delicious dish?

Here's my story. It was late 2010. I had about $10k to invest, but always thought I could do it on my own, without the need for a financial advisor. After all, if they understood markets, shouldn't they all be rich? I read books, articles, anything I could find to learn about how the markets worked and different approaches to investing. I discovered there are many "markets," but an even greater number of alleged strategies to extract money from those markets. I needed to find a niche. I came across this book and decided that the leverage afforded by buying calls and puts would provide the % return I was looking for on my small account.

After reading this book, I then came across one of Wendy's websites, which had a spreadsheet-type of document alleging that Wendy made over $100,000 in 2010 trading options.

At the time, I didn't question those results. It seemed trustworthy because Wendy seemed trustworthy. I then noticed she was trying out a new service where she would "auto-trade" accounts for 12 months using her "P3 squeeze" pattern, for a fee of $5,000. She would decide which trades to make and those trades would be executed in my account via auto-trade. If she couldn't turn a profit after 12 months, I would receive my $5,000 back. However, if my account grew 100% over that time period (i.e., turning my $10,000 account into at least $20,000 by year's end), she would get to keep the fee. It seemed like a sound investment. After all, Wendy literally wrote a book on options trading. I believed at the time that she could make thousands of dollars per month trading options. As a naive investor/trader, I decided to give it a shot. But I didn't want to sit back as a passive observer during those 12 months either. I was planning on tracking her trades to try and learn the "how and why" behind her trading decisions. I thought that I too could learn to be a successful trader and take over my account after those 12 months.

Much to my dismay, I never learned how to trade profitably over those 12 months from Wendy, because she rarely had a profitable trade. By year's end, Wendy's trading decisions resulted in a loss of almost 50%, nearly $5,000 on a $10,000 account. Lesson learned. Don't trust a "trader" without a proven track record of profitability from actual real-time trading, not hypothetical trading. Ask for copies of their brokerage statements. Ask questions. And always read disclaimers. If it seems too good to be true, it probably is. Common sense advice, of course, but greed is a very funny thing. It has the ability to make the most irrational decisions seem rational.

Despite the loss, I consider it to be a blessing in disguise. I've become a self-taught trader over the past two years, and I have traded my own account ever since. In my opinion, this book is a waste of money. There are many others written by traders with proven track records of consistent profits through even turbulent markets.

Reply With Quote
Thanked by:
  #415 (permalink)
 
TickedOff's Avatar
 TickedOff 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: NinjaTrader with Jigsaw DOM
Trading: CL, 6E, ES, Piano
Posts: 264 since Nov 2014
Thanks Given: 229
Thanks Received: 250

"how to develop a millionaire mind" by T. Harv Eker. Talks about how subconscious conditioning literally caps our ability to create wealth, no matter what sort of strategy or know-how we understand on a conscious level. If you have not examined the importance of subconscious beliefs, I think they are absolutely crucial to trading success. The book can be found for free in pdf format if you google it, its 24 pages and very concise. I also made a post about subconscious beliefs under psychology and money management (you can view it here).

Understanding yourself is just as important as understanding markets.
Reply With Quote
  #416 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,944 since Sep 2015
Thanks Given: 15,446
Thanks Received: 15,289


TickedOff View Post
Theres a PDF Ray Dalio wrote "how the economic machine works", google it its free.

I didn't know about the PDF. There's also a 30-mins YouTube video: How the Economic Machine Works by Ray Dalio

Reply With Quote
  #417 (permalink)
 grausch 
Luxembourg, Luxembourg
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Stocks
Posts: 494 since May 2012
Thanks Given: 1,731
Thanks Received: 1,159

Zen in the Markets: Edwards Allen Toppel: 9780446518109: Amazon.com: Books

Received this book today and it is a fairly quick read. That being said, I rate it quite highly even after reading it only once. Focuses entirely on trading psychology and the basic rules of trading.

Reply With Quote
Thanked by:
  #418 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010


grausch View Post
Zen in the Markets: Edwards Allen Toppel: 9780446518109: Amazon.com: Books

Received this book today and it is a fairly quick read. That being said, I rate it quite highly even after reading it only once. Focuses entirely on trading psychology and the basic rules of trading.

This book is in my TOP 3 trading books.

Reply With Quote
  #419 (permalink)
weekend camper
Vancouver BC Canada
 
Posts: 6 since Jan 2016
Thanks Given: 9
Thanks Received: 0

Finished "Indomitable Investor" by Sears.

First 8 chapters are some excellent background/history on "how we got here". He has an easy to read style. His 9th chapter is basically his thesis of how to fix the markets.

Pro:
- this site in book form (more or less)

Cons:
- he has a contrarian bias, while skirting the negatives of that approach.








Now just tackling "Investors Manifesto" by Bernstein. He has a more analytical/math based approach while still having some semblance of easy reading. This is his third book, his earlier efforts had more math in them. No idea on his latest efforts. Just about to read the psychology chapter ....



At the moment, I'm thankful blind luck dumped these into my reading lap. Both seem aimed squarely at helping the investing newbie get some overview of what the heck the 'markets are about.

Reply With Quote
  #420 (permalink)
 GrumpyTrader 
Austin, TX
 
Experience: Advanced
Platform: THINKORSWIM, NINJATRADER,
Trading: STOCKS + FUTURES
Posts: 13 since Aug 2014
Thanks Given: 2
Thanks Received: 7


About half way finished with this book. I really found his earlier books useful but this one is more like "The coffee house guide to trading strategies". It is a good read but should be about half the cost. I'll update after I read the last half.


Reply With Quote





Last Updated on October 12, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts