Stock trading has gained immense mass appeal. People hope to extract knowledge from books and seminars and eventually make a fortune. Here is a list of the ‘must read' stock trading books, which can help you pave your way into the stock market and give you an insight into the minds of stock traders.
1. The Intelligent Investor, by Benjamin Graham: It is treated as the classic in all stock trading books. The book talks of good portfolio management and time tested principles that every investor must develop.
2. The Essays of Warren Buffet: Lessons for Corporate America, by Warren Buffet and Lawrence Cunningham: This book is a collection of letters by Warren Buffet to his shareholders over a few decades. It summarizes the techniques used by the world’s most successful investor and the principles behind his investments.
3. Chart Your way to Profits: The Online Trader’s Guide to Technical Analysis, by Tim Knight: One of the ‘must read’ books for those aiming to learn more about technical analysis. The book provides tips on the best ways to use technology for your benefit and for making an informed decision.
4. How to make Money in Stock markets, by William O’Neil: It is seven step guiding reference for minimizing risks and maximizing gains. The book covers comprehensive details about the stock market and explains Neil’s CANSLIM strategy, which helped him achieve his millionaire status.
5. Irrational Exuberance, by Robert J. Shiller: The Nobel Prize winner’s book is a great combination of Psychology and finance. It also discusses the analysis and concepts learned in traditional finance theory.
6. Stock Investing for Dummies, by Paul Mladjenovic: Stock trading can surely confuse any newcomer. This book makes an effort to teach the basics, navigations of stock math and the finer points of picking over the type of investment.
7. When to Sell, by Justin Mamis: The book answers the quintessential question asked by most initial investors. How to sell your stocks while maximizing your profits and when to short sell so that you do not incur further losses.
8. Extraordinary Popular Delusions and the Madness of the Crowds, by Charles Mackay: A book that goes back to 1841, but has timeless lessons applicable today too. Mackay explains very simply the irrational behaviors in the financial markets.
9. The Daily Trading Coach: 101 Lessons for Becoming your Own Trading Psychologist, by Brett N. Steenbarger: The book discusses the different challenges and uncertainties faced by people while trading.
Suggested Further Reading:
- Max Keene (Superstocks28 staff)