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The Book |
Why We Like It |
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Reminiscences of a Stock Operator
by: Edwin Lefevre
Supposedly the life story of
the infamous Jesse Livermore. Perhaps the first book to relate
personal introspection, emotional control and self discovery
to trading. Regardless of whether it's fact or fiction, it's
no dry read. It's useful and immeasurably entertaining as Lefevre
weaves his tale around lessons Livermore learned the hard way
as he made and lost several fortunes before ending it all himself.
Read the legend that many top traders recommend.
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Market Wizards: Interviews with Top
Traders
by: Jack D. Schwager
An analyst and erstwhile trader,
Jack Schwager convinced some of the top traders to open up in
face to face interviews, discussing what has made them successful,
exposing the reader to various styles of trading. But more valuable
than any method, are the fleeting discussions of introspection
and self awareness that has made many of these mere mortals into
Wall Street legends.
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The Mind of the Markets
by: F. J. Chu
It's often said that capitalism
is amoral. But Chu contends that free market morality is misunderstood.
"Capitalism demands discipline, hard work and frugality.
It preaches giving more to the system -via investment- than one
takes out." Theres certainly more to accumulating
wealth than were often willing to explore. If youre
willing, Chu blends western philosophy with eastern spirituality
and discipline in a superb series of lessons that should help
the reader advance to a higher plain, not to mention tax bracket.
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How to Make Money in Stocks
by: William J. O'Neil
The founder of the popular Investor's
Business Daily and originator of the CAN-SLIM methodology, thought
to write a book. Its easy to write off a book like this
as a way to make money on the coattails of success. But its
not. While it is a bit dated in some practical advice, such as
choosing a face to face broker in the age of online brokerages,
it stands up to time well, mapping a plan easy for the layman
to grasp. Its simplified, but does not lack depth or fundamentals.
And O'Neil gives more than lip service to recognizing the hard
work and discipline needed to succeed in the markets.
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Trading to Win
by: Ari Kiev MD.
Kiev is a psychiatrist who consults
with trading firms, which in turn, gives him access to study
many traders in their element. Focusing on the emotional and
psychological aspects of trading, he's found the biggest obstacles
to trading are one's own ego and the "false beliefs about
yourself and the markets" it creates. He offers some
of the best direct psychological advice on trading.
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The Disciplined Online Investor
by: Steven Hendlin
Ph.D.
A psychologist turned trader,
Hendlin won't wow you with the next best chart reading system.
He does, however, spend as much time preparing the novice for
the often overlooked mental and emotional pressures that accompany
the ease of online trading as he does explaining the mechanics
of trading electronically. While it's no classic, he offers some
interesting psychological insights into trading.
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