Book recommendation for Trading & Investing
In today’s newsletter, we will talk about some life-changing books that will help you become a better trader, it is one of the most requested lists so make sure you go through it properly. Trading books generally cost more but are worth it, consider them as an investment.
#1- Trading in the Zone
Buying link - https://amzn.to/3Lyc1ch
Trading in the zone is one of the first books every trader should read, it doesn’t talk about indicators or TA but it talks about the psychology of a trader, how one should form a trade keep emotions in check and successfully make a consistent net profit. It helps you deal with losing trades.
It helps you tackle some common problems like:
The Unwillingness to Create Rules
Failure to Take Responsibility
Addiction to Random Rewards
#2- How I Made $2,000,000 in the Stock Market
Buying link - https://amzn.to/3qTO1XP
This is one of my favorite books and a must-read for anyone who likes to invest whether casually or professionally. This book takes you through the journey of how a dancer beat the market and made $2 mil in the market in the process.
This book will feel relatable as it follows the author’s journey as a noob to becoming a pro trader, his struggles and how he learned through his losses. Learning through failure is the central theme of the market and how to develop one’s own trading style through your own experience is what this book will teach you.
#3 - How to Make Money in Stocks: A Winning System in Good Times and Bad
Buying link - https://amzn.to/3Bzd9I3
This book is heavily focused on the stock market rather than general trading, I know this one is on the pricy side but it is worth the money, take notes while reading this book as it is knowledge dense and heavily focuses on in and outs of the stock market.
It helps you identify winners from losers, teaches you where to invest, what stocks to hold, and where to take profits/ book losses.
#4- Coffee Can Investing: The Low Risk Road to Stupendous Wealth
Buying link - https://amzn.to/3S4Ld62
Everyone in the investing space for more than 6 month has heard of this book, it is #1 recommendation from your average influencer and for good reason.
Read this if you are a passive investor or if you liked “One up on Wall Street”
#5- Price Action Trading
Buying Link - https://amzn.to/3SrdIe6
To a point book that will help you learn about indicators and chart patterns, help you navigate through the price action of any asset, and highlight the things you probably ignored. It will also help you understand what indicators to use and what chart patterns work the best. Not the best but a good starting point.