Investing Strategies v.2010

Resource’s

Here is a great list of books, courtesy of the great people at SMM…

Mentors’ Book List

Good Morning Team,

The book list has come up a couple of times this week so here’s the latest version. If you have additions, please send them to stockbooks@cfl.rr.com to get them on the list. Suzie, I saw that you had a favorite yesterday that would be good to include if you’ll send the info on it please? Dan will be publishing the list on the Mentor Website at a future time.

Recommended Reading from Mentor Members:

(Books are listed alphabetically by author. Prices and availability are from Amazon.com)

1. Bollinger on Bollinger Bands by John A. Bollinger (Hardcover – Jul 27, 2001)
Buy new: $49.95 $32.9751 Used & new from $22.95

Not an easy read for the beginner but invaluable for understanding Bollinger Bands and associated trading systems. A book I keep coming back to. Submitted by: Bob

2. Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback) by Michael W. Covel (Paperback – Mar 19, 2007)
Buy new: $17.99 $12.23
41 Used & new from $10.95

A personal favorite. A thorough explanation of one of the most successful trading techniques complete with “how to” explanation. Submitted by: Bob

3. The Complete TurtleTrader: The Legend, the Lessons, the Results by Michael W. Covel (Hardcover – Oct 9, 2007)
Buy new: $25.95 $17.13
50 Used & new from $5.51

Covel tells how a group of novice traders used a system that generated trades that were both different and right and made a lot of money. Best I’ve read on Turtle Traders. Submitted by: Bob

4. Come Into My Trading Room: A Complete Guide to Trading by Alexander Elder (Hardcover – April 19, 2002)
Buy new: $65.00 $40.95
59 Used & new from $24.74

5. Study Guide for Come Into My Trading Room: A Complete Guide to Trading by Alexander Elder (Paperback – April 24, 2002)
Buy new: $39.95 $26.37
36 Used & new from $18.73

I bought the book and audio CD then got the workbook. Submitted by: Ron

6. Sell and Sell Short (Wiley Trading) by Alexander Elder (Hardcover – May 5, 2008)
Buy new: $85.00 $53.55
35 Used & new from $43.00

“Sell and Sell Short” by Elder is a rehashment of “Come into My Trading Room”. The title is a bit misleading because the information you find in “Sell and Sell Short” can be found in “Come into My Trading Room” and the latter book is more complete. Submitted by: Joo

7. Study Guide for Sell and Sell Short (Wiley Trading) by Alexander Elder (Paperback – May 2, 2008)
Buy new: $40.00 $26.40
33 Used & new from $20.66

8. When Markets Collide: Investment Strategies for the Age of Global Economic Change by Mohamed El-Erian (Hardcover – May 23, 2008)
Buy new: $27.95 $18.45
47 Used & new from $14.94

All about the changing global economy. Analyzes the world of global finance. Not about stocks or trading directly but must know information for trading in today’s markets. Submitted by Bob

9. Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders by Curtis Faith (Hardcover – Mar 9, 2007)
Buy new: $27.95 $18.45
61 Used & new from $12.38

Behind the scene stories and trading methods of the “Turtles” by one of the most successful traders. Submitted by: John

10. The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities by Alan S. Farley (Hardcover – Dec 13, 2000)
Buy new: $59.95 $38.97
61 Used & new from $22.95

The Master Swing Trader is not for beginners, and is a difficult read from cover to cover. It is written in more of a textbook style then your typical investment book. It is very technical but also very thorough, covering all the aspects necessary to become a successful short term trader. Submitted by: Andrew

Alan identifies specific times of day that show bullish or bearish tendencies. Also included are a bunch of setup patterns that Alan uses. Submitted by Rob

11. The Zurich Axioms by M Gunther (Paperback – Dec 7, 2004)
FREE at: http://neif.org/Zurich_axioms.pdf

It’s all about risk — only partially about trading. More a very astute observation about human tendencies about risk-taking. Submitted by: Dan

12. How Technical Analysis Works (New York Institute of Finance) by Bruce M. Kamich (Hardcover – Nov 26, 2002)
Buy new: $40.00 $26.40
34 Used & new from $18.75

One of the best “how to” tech analysis books I’ve read. Great for both the less and more experienced traders. Submitted by Bob

13. Reminiscences of a Stock Operator by Fraser Publishing 1980 paperback from original 1923 book by Edwin Lefevre and a unique character in investing lore who is considered one of the first true market speculators. During his fascinating career he made and lost fortunes Reminiscences of a Stock Operator is the thinly disguised biography of Jesse Livermore (Paperback – 1923) – Limited Collector’s Edition
2 Used & new from $23.99

Lefevre is often thought to be the pen name of Jesse Livermore, author of How to Trade in Stocks. The books are both very similar and cover pretty much the same Livermore methodology. There are also several later editions co-written by Lefevre and by Lefevre & Lowenstein. Submitted by: Lou

14. How to Trade In Stocks by Jesse Livermore (Paperback – Feb 17, 2006)
Buy new: $19.95 $13.57
51 Used & new from $9.50

15. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) by John J. Murphy (Hardcover – Jan 4, 1999)
Buy new: $85.00 $53.55
53 Used & new from $36.95

A favorite. Submitted by JulieS

16. How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition by William J. O’Neil (Paperback – May 23, 2002)
Buy new: $14.95 $10.17
105 Used & new from $4.74

The handbook from Investors’ Business Daily founder. Submitted by William

17. Technical Analysis for Dummies by Barbara Rockefeller (Paperback – Mar 5, 2004)
Buy new: $24.99 $16.49
49 Used & new from $8.00

This is a good book for beginners. Explains the basics of technical analysis and indicators very well. Submitted by: Rob

18. Trade Your Way to Financial Freedom by Van K. Tharp (Hardcover – Nov 22, 2006)
Buy new: $34.95 $20.97
48 Used & new from $18.33

I like this book because it stresses the importance of money management, position sizing, etc. Submitted by: Rob

A frequently used title. Nails what makes a winning trader successful. Recommended to me by Mentor JulieS. Submitted by Bob

19. Day Trade Futures Online (Wiley Online Trading for a Living) by Larry Williams (Hardcover – May 29, 2000)
Buy new: $35.00 $23.10
36 Used & new from $9.00

I got this book idea from fellow mentor Curtis as I was trying to get an insight into futures. It has lots of good stuff on initial futures strategies and also some good money management insights. One of the hardest things to do when considering futures is that due to the extreme leverage, they can be very daunting. I feel that reading how others have built strategies, implemented them, and protected them with money management makes it much less daunting and will allow me to start trading them. Submitted by: Wes

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