10 books on trend trading/stock markets

For inexperienced novices, there are a lot of terms and diagrams. There may be a lot of things that cannot be understood quickly, but when you pay attention to the market every day and look at the pictures diligently, you can slowly learn. It can gradually avoid the mistakes that many novices will make, and can definitely shorten the learning process of constant loss of money in the middle.

It happened that I just saw a foreign trader on the Internet today who also recommended a lot of good books. The following is his list and comments. I only read 1/3. I hope I can slowly finish reading them in the near future.

I hope you can pay attention to those you haven’t read, you can also communicate with those you have read, and you can share with those who have read practical and good books but are not in the following list.

1) How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition (William O'Neil)

This is the bible of CANSLIM and growth stock trading. It contains everything you need to know: Stock selection, chart analysis, fundamentals analysis, risk management … The first chapter contains dozens of charts! This is very helpful to train your chart reading skills.

2) How to Trade In Stocks (Jesse Livermore)

The wisdom from Jesse Livermore is timeless. There are some people saying that you cannot quote Livermore because he lost all his fortune and committed suicide, but I found so much wisdom and help in his book.

3) Trading in the Zone (Douglas)

I like all books from Mark Douglas. He is my favorite author when it comes to trading psychology and mindset work. There is a second book called "The disciplined trader" which is great too.

4) Trade Like a Stock Market Wizard (Mark Minervini)

Mark is a living legend. You can follow him on Twitter, read his books, watch interviews and listen to podcasts. Currently he is number 1 in the US Investing Championships. I love all his books and can recommend them.

5) Reminiscences of a Stock Operator(Lefèvre)

The unofficial biography from Jesse Livermore. I like the books because you can see that the mindset problems 100 years ago are still the same today. I always find something interesting in the lessons from Livermore.

6) How I Made $2 Million In The Stock Market (Nicolas Darvas)

Another timeless book. Darvas can show you how simple trading was 60 years ago and can still be today. You don't need all the fancy indicators and hardware to make money. Darvas was a dancer and he made money when he was on a dancing tour!

7) Pit Bull: Lessons from Wall Street's Champion Day Trader (Martin Schwartz)

I love the book! You can look over the shoulder of a great trader and can learn a lot of lessons. In addition it's easy to read and funny too.

8) Market Wizards: Interviews with Top Traders (Schwager)

The whole series is great! All books can give you deep insights into the mindset of very successful traders. Dozens of interviews with successful traders.

9) Trend Following: Learn to Make Millions in Up or Down Markets (Michael Covel)

A great book about trend following, CTAs, risk management and systematic trading. It was one of my first books about trend following and it impressed very much at that time.

10) The Perfect Stock: How a 7000% move was set-up, started and finished in an astonishing 52 weeks (Brad Koteshwar)

The author wrote 2 great books: The perfect stock and The perfect speculator. Both are highly recommended. You can see how a perfect trader would handle a super stock.‌