DislikedHi Kat, Thanks for the excellent advice especially on expectations, i had a similar belief that was confirmed by yourself. {quote} Also, with regards to "good" books giving sound advice, do you have any recommendationsIgnored
I already recommended some books in this thread. Here is my reply to one of the FF members who contacted me about the books, it should cover pretty much all.
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These are the books I recommended in my thread:
"I recommend Market Wizards, The New Market Wizards, The disciplined trader, trading in the zone, trader Vic, trader Vic 2, both Steven Drobny's books, Alchemy of finance from Soros, the Market Maker's edge from Josh Lukeman, reminiscences of stock operator is a good read too."
This is kind of how I would prioritize them:
I really liked Drobny's books (but that is more global macro stuff, not really about charts or systems), but also Market Wizards. Those books will give you understanding how some of the greatest risk takers approach the market. It talks about fundamentals too which is fine for me as I use that all the time, as well as technicals. Then Douglas is very good too and that's more applicable to technical trading that the previous ones. The book from Soros is a bit more difficult read so wouldn't really put it as a priority. All of them are great though, and really trust me on this - if you stop reading everything on FF and you dedicate all that time to reading all those books, it will make you a much better trader. Make sure to mark up anything interesting you find while reading, then when you finish you can just quickly go through it to refresh - that helps a lot.
These books above are more related to trading directly, if you want to learn more about Stocks, I would go for Intelligent Investor from Benjamin Graham (but you will need to do more research as Equities have never been my thing). For Options please read Nattenberg - Options volatility and pricing and then Dynamic Hedging from Nassim Taleb. These books are quite technical though, so it might be difficult to grasp those concepts (Nattenberg is much more easier so definitely read that one - should be actually enough unless you aspire to become options market maker at a bank). For bonds or ETF, don't really know what I would recommend as there is not much to be explained - just read some random articles on the internet I would say.
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Hope it helps.
cheers,
katrooo.