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We endorse very little in the realm of trader related products or services.
The following is a brief list of books and resources we do recommend.

Innerworth.com - a site focused on the psychology of trading and investing. Dr. Shopshire is a frequent contributor and editor of their Mind Over Markets newsletter.

EliteTrader.com - the most active web site for day traders on the internet. Traders share information at the speed of light. If your broker's data feed is down, chances are you can read about it there before you'll get your broker's help desk on the phone.

 The Book

 Why We Like It

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.

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.

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." There’s certainly more to accumulating wealth than we’re often willing to explore. If you’re 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.

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. It’s easy to write off a book like this as a way to make money on the coattails of success. But it’s 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. It’s 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.

 

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.

 

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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