|

|
WorldWideTraders
|
Richard's
Recommended Reading
as of
December 31, 2003 |
Education is stressed
throughout the WorldWideTraders site. After three years of trading of
which two years have been focused on the best education and training
options available in the trading industry, I determined which were the best books available to get the trader
started in stocks. Here
are comments about books I read on the topic of stocks.
Note: During
2003 I migrated from trading stocks to trading futures. There
several reasons I now trade futures.
I have a new series of recommended books on trading commodities, index
futures, currencies and bonds.
Richard |
|
1. When
the Market Moves Will You Be Ready? by Peter Navarro
|
|
Retail Price: $19.95
Our Price:
$13.97
Author: Peter Navarro
Item #:
Pages: 240 pages
ISBN: 0071410678
Publisher: McGraw-Hill Trade
Format: Paperback
Date Published: September 5, 2003
|
|

|
Note 1. How to
Profit from Major Market Events
|
2. How to
Get Started in Electronic Trading by David Nassar
|
|

|
Retail Price: $24.95
Our Price:
$16.95
Author: David Nassar
Item #: 10262
Pages: 224
ISBN: 0071345663
Publisher: McGraw-Hill Professional
Format: Book: Hard Cover
Date Published: January 1998
|
|

|
See Note 1, above
|
3. Day
Trading on the Edge by Les Masonson
|
|

|
Retail Price: $29.95
Our Price:
$23.95
Author: Leslie N. Masonson
Item #: 11685
Pages: 256
ISBN: 0814405738
Publisher: Amacom
Format: Book: Hard Cover
Date Published: January 2000
|
|

|
Note 2. I wrote
Chapter 4 of this book so I have a natural affinity for the book. This
books looks at trading from an adversarial point of view. Tread
lightly into this new business... it says for 383 pages. I believe it
is the longest book on trading I know. Many of my trading colleagues
input to Les's fine creation. My chapter tells you how to get educated
at some length. Getting educated and trained in the business takes
time and I believe their should be a formal college curriculum
available for traders. At this writing, the 4th of July, 2001, there
is no formal way to get trained. There are about 25-50 basic courses
and very few intermediate courses. At this juncture in my trading
career, I know of no course, class, seminar, or workshop I would label
"advanced trading." If I knew, I'd take it!
|
4. Strategies
for the Online Day Trader by Fernando Gonzalez & William
Rhee
|
|

|
Price: $49.95
Author: Fernando Gonzalez, William Rhee
Item #: 10609
Pages: 209
ISBN: 0071351531
Publisher: McGraw-Hill Professional
Format: Book: Hard Cover
Date Published: January 1999
|
|

|
Note 3. My first
trading instructor and his friend, William, wrote this very good book
but I have not had a chance to read it. The book was published couple
years after I took Fernando's course... but I need to take time. I
know by intuition, based on his teaching style, that it is a good
book. Strategies for the Electronic Day Trader capitalizes on the
success of The Electronic Day Trader by Friedfertig and West and How
to Get Started in Electronic Day Trading by Nassar. This book is
strategically positioned as a more advanced electronic day trading
book, at a higher level than both The Electronic Day Trader and How to
Get Started in Electronic Day Trading. Strategies for the Electronic
Day Trader teaches the reader the techniques and strategies needed to
effectively trade in this exciting, fast-paced arena. The reader will
learn how to electronically day trade the stock market safely and
profitably.
|
5. Stock
Trading Wizard by Tony Oz
|
|

|
Retail Price: $96.00
Our Price:
$79.00
Author: Tony Oz
Item #: 10927
Pages: 187
ISBN: 0967386209
Publisher: Tony Oz Publications
Format: Book: Hard Cover
Date Published: January 1999
|
 |
Note 1. What do you
read first. I am always torn when asked this question. It is a toss up
of #1 and #2. Tony Oz is my friend and I have attended his class. He
tells no lies and you should hang on every word he writes. He may not
agree with me but I believe his first book is more valuable to a
beginning trader. I have never met David Nassar but I know his former
colleague, Scott McVicker, who is an excellent teacher. David's book
(#2) is the best trading book I ever read from cover to cover and I
read it the summer of 1999 after trading for about 9 months... before
I believed I knew what I was doing. I found it to be better than books
I had read up to that point. It covers what you need to know. It is my
personal opinion that you should read both #1 and #2 before you put
one of your hard earned dollars at risk.
|
6. The
Stock Trader by Tony Oz
|
|

|
Price: $55.00
Author: Tony Oz
Item #: 11620
Pages: 279
ISBN: 0967943507
Publisher: Goldman Brown Business Media
Format: Book: Hard Cover
Date Published: January 2000
|
|

|
See Note 1
|
7. Japanese
Candlestick Charting Techniques by Steve Nison
|
|

|
Price: $105.00
Author: Steve Nison
Item #: 2336
ISBN: 2336S1
Publisher: NYIF and John Wiley
Format: Book: Hard Cover
Date Published: December 1900
|
|

|
This is an absolute
must for any trader's library! You can't trade without knowing
technical analysis and this book on candlestick charting is second to
none.
|
8. Tools
and Tactics for the MASTER DAY TRADER by Oliver Velez &
Greg Capra
|
|

|
Retail Price: $55.00
Our Price:
$39.00
Author: Greg Capra, Oliver Velez
Item #: 11221
Pages: 389
ISBN: 0071360530
Publisher: McGraw-Hill Professional
Format: Book: Hard Cover
Date Published: January 2000
|
|

|
Note 5. I have found
this book more recently to contain a bunch of additional information
missing in earlier published books. You may want to note that Harvey
Houtkin, recognized as the father of DayTrading, probably wrote the
first book on daytrading in January 1998. Since January 1998 there
have been 50-100 books written on various facets of trading stocks.
This "Tools and
Tactics" book is excellent for the seasoned trader. Read 3rd or
4th. Remember this topic of trading doesn't come to you over night...
not in 90 days... maybe not in 900 days. It requires seat time to
learn this stuff!
|
9. Level
II Trading Warfare by Jea Yu
|
|

|
Price: $64.95
Author: Jea Yu
Item #: 12371
ISBN: 1931611033
Publisher: Trade Secrets
Format: Video: VHS
Date Published: January 2001
|
|

|
Note 6. Sun Tsu
wrote the book, The Art of War, a few hundred years ago and I suspect,
although I have not yet read it, that this book has been helpful to a
lot of master traders. The book is required reading in every military
war college in the world. Jea Yu has done an incredible job... Yu’s
insights are awesome - and his aggressive trading arsenal includes...
- Trading "Basket
Stocks" for consistent daily profits. Yu explains what
"baskets" are -- and how they give you a tremendous edge
over other traders
- Tools he uses to
determine the trend, find precise entry points and his preferred
method for placing orders in Level II trading
|
10. The
Art of Short Selling by Katheryn F. Staley
|
|

|
Retail Price: $49.95
Our Price:
$39.00
Author: Kathryn F. Staley
Item #: 2006
Pages: 304
ISBN: 0471146323
Publisher: Marketplace Books
Format: Book: Hard Cover
Date Published: January 1996
|
|

|
See Note 4

|

|