Lets be clear. There is investing and then there's trading. Two distinctly different fields! If you''re interested in long-term results this guy equalled if not exceeded the best results of any investor ever. His insights are simple. The book I'm recommending isn't overly technical. But it the insights are paramount. Its at the core of value investing. 'Investing the Templeton Way' by Lauren Templeton.
Looking for a book recommendation on short selling strategies.
Here's a nice little paper to read on what has worked on in Value Investing: http://www.tweedy.com/resources/library_docs/papers/WhatHasWorkedInInvesting.pdf
John Neff - On Investing
For someone who is prepared to do their homework this book lays out a useful framework for valuing stocks:
Influence: The Psychology of Persuasion
This is the single most important book I have read about investing, and it's not about investing at all. If you read it you will either get it or not ...
Books I have read about trading and my opinion:
The Naked Trader by Robbie Burns : Rubbish.
7 Winning Strategies for Trading Forex by Grace Cheng : OK but not brilliant.
The Next Big Investment Boom by Mark Shipman: Absolute rubbish
Currency Trading for Dummies: Not great.
A bundle of others not even worth mentioning.
Introduction to Technical Analysis by Martin Pring: By far the best I have read.
This is only my opinion and Im sure others will disagree
A list of some of the books in my collection. I merely use them for reference. I'm a fan of Financial History and my favorite financial book would have to be; The House of Morgan by Ron Chernow. What a Family!
I also have the Schweser CFA textbooks and Exam Questions. If you look hard enough, you will easily find someone out there that's willing to give them for free.
Day Trading the Currency Market - Kathy Lien
Achelis, Steven - Technical Analysis From A To Z
Admati And Pfleiderer-A Theory Of Intraday Patterns - Volume And Price Variability
Aggarwal And Conroy-Price Discovery In Initial Public Offerings And The Role Of The Lead Underwriter
Ahn And Cheung-The Intraday Patterns Of The Spread And Depth In A Market Without Market Makers - The Stock Exchange Of Hong Kong
Alan Farley - 3 Swing Trading Examples, With Charts, Instructions, And Definitions To Get You Started
Alan Farley - Pattern Cycles - Mastering Short-Term Trading With Technical Analysis (Traders' Library).
Alan Farley - The Master Swing Trader
Al-Suhaibani And Kryzanowski-An Exploratory Analysis Of The Order Book, And Order Flow And Execution On The Saudi Stock Market
Algora, Myths Of The Free Market
Andrew Willis - The Insiders Guide To Trading The World Stock Markets
Anshumana And Kalay-Can Splits Create Market Liquidity - Theory And Evidence
Application Of Multi-Agent Games To The Prediction Of Financial Time-Series
Ari Kiev - 1998 - Trading To Win - The Psychology Of Mastering The Markets
Bangia, Diebold, Schuermann And Stroughair-Modeling Liquidity Risk, With Implications For Traditional Market Risk Measurement And Management
Barbara Star - Hidden Divergence
Barclay And Hendershott-Price Discovery And Trading After Hours
Ben Branch - The Predictive Power Of Stock Market Indicator
Ben Gilad - Early Warning Using Competitive Intelligence 2004
Benjamin Van Vliet - 2004 - Modeling Financial Markets Using Visual Basic Net And Databases To C
Barry Rudd - Stock Patterns For Day Trading And Swing Trading
Bessembinder And Venkataraman-Does An Electronic Stock Exchange Need An Upstairs Market
Big Profit Patterns Using Candlestick Signals And Gaps - Stephen W Bigalow
Bill Williams - Trading Chaos
Borsellino Lewis 2001 - Trading Es And Nq Futures Course
Bradley, Donald - Stock Market Prediction
Breman And Subrahmanyam-Investment Analysis And Price Formation In Securities Markets
Brett Steenbarger - Psychology Of Trading
Brooks And Kim-The Individual Investor And The Weekend Effect - A Reexamination With Intraday Data
Building Winning Trading Systems With Tradestation - Wiley
Building Your E-Mini Trading Strategy - Giuciao Atspace Org
C C Gaither, A E Cavazos-Gaither - Statistically Speaking - A Dictionary Of Quotations
C R Geisst - Undue Influence - How The Wall Street Elite Puts The Financial System At Risk
Chande, Tushar - Technical Analysis - How To Develop And Imp
Cbot - A Six-Part Study Guide To Market Profile
Chan, Chockalingam And Lai-Overnight Information And Intraday Trading Behavior - Evidence From Nyse Cross
Chan, Jegadeesh & Lakonishok - Momentum Strategies
Chordia, Roll And Subrahmanyam -Commonality In Liquidity
Chordia, Roll And Subrahmanyam -Market Liquidity And Trading Activity
Chordia, Sarkar And Subrahmanyam -An Empirical Analysis Of Stock And Bond Market Liquidity
Crash Profits Make Money When Stocks Sink And Soar Martin Weiss
Dan edelsson And Payne-Measuring And Explaining Liquidity On An Electronic Limit Order Book - Evidence From Reuters
Daniel A Strachman - Essential Stock Picking Strategies
Danielsson Saltoglu-Anatomy Of A Market Crash - A Market Microstructure Analysis Of The Turkish Overnight Liquidity Crisis
David C Stendahl - Money Management Strategies For Serious Traders
Day Trading Basket Stocks - Underground Trader
David Dreman - Contrarian Investment Strategies - The Next Generation
De Jong, Nijman And Roell-A Comparison Of The Cost Of Trading French Shares On The Paris Bourse And On Seaq International
De Matos And Fernandes-Testing The Markov Property With Ultra-High Frequency Financial Data
Dean Lebaron's Treasury Of Investment Wisdom 30 Great Investing Minds - Wiley
Demarchi And Foucault-Equity Trading Systems In Europe - A Survey Of Recent Changes
Dennis D Peterson - Developing A Trading System Combining Rsi & Bollinger Bands
Deutsche Bank - Asset Valuation Allocation Models 2001
Deutsche Bank - Asset Valuation Allocation Models 2002
Deutsche Borse Group - From Trading Floor To Virtual Marketplace
Divorcing the Dow - Using Revolutionary Market Indicators to Profit From the Stealth Boom Ahead
Donald Coxe - The New Reality Of Wall Street
Doug Henwood - Wall Street - How It Works & For Whom
Doug Henwood - Wall Street - How It Works
Eday - Trading In Mind
Elder Alexander - Come Into My Trading Room - A Complete Guide To Trading
Elder Alexander - Trading For A Living
Eleswarapu And Venkataraman-The Impact Of Legal And Political Institutions On Equity Trading Costs A Cross-Country Analysis
Eleswarapu, Thompson And Venkataraman-The Impact Of Regulation Fair Disclosure Trading Costs And Information Asymmetry
Encyclopedia Of Chart Patterns, 2nd Edition
Engle And Lange-Predicting Vnet - A Model Of The Dynamics Of Market Depth
Engle-The Econometric Of High-Frequency Data
F E James Jr - Monthly Moving Averages An Effective Investment Tool
Fernando-Commonality In Liquidity-Transmission Of Liquidity Shocks Across Investors And Securities
Fishea And Robeb-The Impact Of Illegal Insider Trading In Dealer And Specialist Markets - Evidence From A Natural Experiment
For Dummies Investing Online For Dummies 5th Edition
Foucault And Kadan-Limit Order Book As A Market For Liquidity
Foucault And Lescourret-Information Sharing, Liquidity And Transaction Costs In Floor-Based Trading Systems
Foucault, Kadan And Kandel-Limit Order Book As A Market For Liquidity
Frino, Mcinish And Toner-The Liquidity Of Automated Exchanges - New Evidence From German Bund Futures
Futures Magazine - The Art Of Day-Trading
Gann - How To Trade
Gann, W D - New Stock Trend Detector
Getting An Investing Game Plan - Creating It Working It Winning It (Wiley - 2003)
Giot And Grammig-How Large Is Liquidity Risk In An Automated Auction Market
Gann, W D - Unpublished Stock Market Forecasting Courses
George Angell - Sniper Trading Workbook
George Fontanills - The Options Course - High Profit Low Stress Trading Methods
Goodhart And O'hara-High Frequency Data In Financial Markets Issues And Applications
Griffiths, Turnbullb And White-Re-Examining The Small-Cap Myth Problems In Portfolio Formation And Liquidation
Guide To Effective Daytrading-Wizetrade
Hamao And Hasbrouck-Securities Trading In The Absence Of Dealers - Trades, And Quotes On The Tokyo Stock Exchange
Handbook For Investment Committee Members How To Make Prudent Investments For Your Organization Wiley Finance Series Ebook
Harris, Sofianos And Shapiro-Program Trading And Intraday Volatility
Harry D Schultz - Bear Market Investing Strategies
Hartmann, Manna And Manzanares-The Microstructure Of The Euro Money Market
Hedges On Hedge Funds How To Successfully Analyze (2005)
Hollifield, Miller, Sandas And Slive-Liquidity Supply And Demand In Limit Order Markets
Gerald Appel - Technical Analysis
Greg Morris - Candlestick Charting Explained
Houweling, Mentink And Vorst-How To Measure Corporate Bond Liquidity
Hrishikesh D Vinod - Preparing For The Worst
Huang And Stoll-The Components Of The Bid-Ask Spread - A General Approach
Hw Brands - Masters Of Enterprise
Inside The Guru Mind Warren Buffet [R Heller]
Investment Psychology Explained Classic Strategies To Beat The Markets - Wiley
Ito And Hashimoto-High-Frequency Contagion Of Currency Crises In Asia
J K Lasser - Pick Stocks Like Warren Buffett
J R Hedges Iv - Hedges On Hedge Funds - How To Successfully Analyze And Select An Investment
Jack Schwager - Guide To Winning With Automated Trading Systems (Course Manual)
Jack Schwager - Stock Market Wizards
Jack Schwager - The New Market Wizards
Jake Bernstein - Dearborn Trade Publishing - No Bull Investing
Jake Bernstein - How To Trade The New Single Stock Futures
Investment Valuation - Damodaran
J R Hill G Pruitt And L Hill - The Ultimate Trading Guide
Jake Bernstein - Market Masters
Jake Bernstein - Stock Market Strategies That Work
Jake Bernstein - The Compleat Day Trader Vol I
Jake Bernstein - The Compleat Day Trader Vol I
Jake Bernstein - Trade Your Way To Riches
Jan L Arps - Surfing The Market Waves - The Swing Trader's
Jay Kaeppel - The Four Biggest Mistakes In Futures Trading
Jeff Cooper - Intra-Day Trading Strategies, Proven Steps
Jeff Cooper - The 5 Day Momentum Method
Jens Clever - Master Trader
Jesse Livermore - Reminiscences Of A Stock Operator
Joe Ross - How To Spot A Trend
Joe Ross - Trading Spreads And Seasonals
John Allen Paulos - Mathematician Plays The Stock Market
Joe Ross - Trading Futures By The Book
John Bollinger - Bollinger On Bollinger Bands
John Grisham - The Broker
John Hayden - How To Use The Rsi
John J Murphy - Charting Made Easy
John J Murphy - Intermarket Technical Analysis - Trading Strategies For The Global Stock, Bond, Commodity, And Currency Markets
Joe Ross - Trading The Ross Hook
John J Murphy - Intermarket Technical Analysis - Trading Strategies
John J Murphy - Technical Analysis Of The Financial Markets
John L Person - Swing Trading Using Candlestick Charting With Pivot Point
John Piper - The Way To Trade
John Wiley & Sons, Getting Started In Bonds, 2nd Edition
John Wiley & Sons, The Vital Few Vs The Trivial Many - Invest With The Insiders, Not The Masses, Revised Edition
John Wiley Sons - Valuation - Maximizing Corporate Value
John Wiley Sons Stock Trader Almanac 2005 38th Ed
Jorda And Marcellino-Modeling High-Frequency Fx Data Dynamics
K R Murphy, B Myors - Statistical Power Analysis
Ken Wolff - 2002 - Trading On Momentum Advanced Techniques For High Percentage Day Trading
Kevin Hagerty - Day Trading Course
L Williams - The Right Stock At The Right Time - Prospering In The Coming Good Years
Larry Lewin - The Secrets Of Emotion Free Trading
Larry Swing - Practical Guide To Swingtrading
Larry Williams - How To Trade Better
Larry Williams - Long-Term Secrets To Short-Term Trading
Larry Williams - The Secret Of Selecting Stocks For Immediate And Substantial Gains
Latest Developments At The Fwb - Xetra Best Slide 13
Le Beau, Charles & Lucas, David W - Day Trading Systems & Methods
Lee, Fok And Liu - Explaining Intraday Pattern Of Trading Volume From The Order Flow Data
Lee, Mucklow And Ready-Spreads, Depths, And The Impact Of Earnings Information - An Intraday Analysis
Leigh Stevens - Essential Technical Analysis
Leslie N Masonson - All About Market Timing
Louis B Mendelsohn - Trend Forecasting With Technical Analysis
M Wolfinger - Create Your Own Hedge Fund - Increase Profits And Reduce Risk With Etfs And Options
Madhavan-Market Microstructure-A Survey
Mann, Venkataraman And Waisburd-Stock Liquidity And The Value Of A Designated Liquidity Provider Evidence From Paris EuronextMarc Boucher - Short-Term Trading Course
Marcel Petro - Market Timing
Mark Crisp - 123 Trading Signal
Mark Crisp - 7 Habits Of A Higly Sucsessfull Trader.pdf 62.4 KB Stock books 033 /
Mark Douglas - The Disciplined Trader
Mark Douglas - The Disciplined Trader.pdf 88.7 MB Stock books 034 / Mark Douglas - Trading In The Zone.pdf 2.6 MB Stock books 035 /
Mark R Conway & Behle, Aaron N - Professional Stock Trading
Markus Heitkoetter - How To Make Money With Trading Systems
Marshall J Jones - Learn Day Trading
Martin J Pring - Investment Psychology - Part 1
Mcgraw Hill Understanding Stocks
Mcgraw-Hill - Brealey & Myers - Finance - Investment Valuation, 2nd Edition
Mcgraw-Hill, Buy The Rumor, Sell The Fact - 85 Maxims Of Wall Street And What They Really Mean
Mcgraw-Hill, Investments, 5th Edition - Vol I
Mcgraw-Hill, Investments, 5th Edition - Vol I
Mcgraw-Hill, The Triumph Of Contrarian Investing - Crowds, Manias, And Beating The Market By Going Against The Grain
Mcmillan And Speight-Nonlinear Dynamics In High Frequency Intra-Day Financial Data
Micheal Mcdonald - Predict Market Swings With Technical Analysis
Mike Sincere - Understanding Stocksreduced
Morris And Song Shin-Liquidity Black Holes
Michael Covel - Trend Following
Murphy - Tech Analysis Of The Financial Markets
N Tengler - New Era Value Investing - A Disciplined Approach To Buying Value And Growth Stocks
New Trading Dimensions - How To Profit From Chaos In Stocks, Bonds, And Commodities - Bill Williams
O'reilly - Online Investing Hacks
Oliver Velez - Swing Trading Tactics
Online Trading Academy - Electronic Trading Guide For Nasdaq L2
Pagano And Schwartz-A Closing Call’s Impact On Market Quality At Euronext Paris
Wiley - Currency Strategy A Practitioner's Guide To Currency Trading, Hedging And Forecasting
Option Trading Secrets - Kenneth.R.Trester
DeMark,Tom - DeMark on day-trading options
Fontanills - The Options Course - High Profit And Low Stress Trading Methods, 2nd Ed
John Wiley & Sons - 2005 - The Options Course High Profit & Low Stress Trading Methods, 2nd Editi
Mcgraw-Hill,.Stock options and the new rules
Options Essential Concepts and Trading Strategies, 2nd Edition
Options Trading Primer By Marketwise Trading School
Profit With Options Essential Methods For Investing Success - Wiley
The Option Trader Handbook - Strategies And Trade Adjustments
The Options Edge Winning The Volatility Game With Options On Futures - Mcgraw Hill
Wayne A. Thorp - Analyzing Supply & Demand Using Point & Figure Charts
Wayne A. Thorp - Measuring Internal Strength - Wilders RSI Indicator
Wayne A. Thorp - Point & Figure Charts Revisited
Wayne A. Thorp - Screening For Momentum Stocks
Wayne A. Thorp - Technical Analysis
Wayne A. Thorp - Testing Trading Success
Wayne A. Thorp - The MACD A Combo of Indicators for the Best of Both Worlds.
Wayne A. Thorp - When to Buy & Sell Using the Stochastic Oscillator
That's some collection !
Would you recommend any that have helped you in your trading specifically
That list is huge and believe it or not, I have every single one and more. Out of all of them, I only read one and continue to use the same book to compliment my trading. The book is 'Bollinger on Bollinger Bands'. Bollinger Bands are the indicator I prefer, so what book could beat the one written by the inventor?
I downloaded the entire collection free so now it sits on a Hard Drive unused. As far as i'm concerned, I feel that indicators are what they say they are; indicators or a relative guide, but they are by no means an exact system that demand you buy or sell when a price hits a certain line. Thinking that way is just lazy and dangerous.
J. Bollinger is an ordinary person like you or I, who started his career as one thing and found himself in finance purely by chance. I didn't buy books or waste money at the start. I fed my interest with newspapers and magazines. There used to be a finance Irish Times on Fridays, an Irish indo on Thursday, Irish examiner on Friday, Business&Finance Magazine and Business Plus.
Before I built the courage to even buy a computer, I used do my own Moving Average calculations with a calculator and draw my charts manually with graph paper. It was labor intensive but it made the understanding of Moving Averages a lot more clear. When I finally got a computer I progressed onto Excel and manually inputted eod prices and created charts. Pure luxury. The Excel was especially handy for its standard deviation function and drawing Bollinger Bands.
I guess what I would say to anybody is; you're better off not going out and spending thousands on a quad processor, liquid cooled with six trading screens and thinking its as easy as turning it on and pressing buy. There's so much going on behind the scenes of trading. The best teacher is time. My hardest lesson was the Trade Centre. I was frozen out mid way in trade and when the market opened 5 days later; I lost pretty much the lot. I have to say though; it prepared me well for the Sub Prime crisis. I was armed and ready for the fall of Lehman. I won nice on e trade shares, Citigroup and BAC. I also won nice on Irish banks when the IMF came to Ireland. Financial shares have been and continue to skate at the bottom ever since.
I also have a number of TV documentaries that ease you into the feel of wall Street. If you can't find it in yourself to download them through devious channels, you should get a taste from YouTube.
Wall Street Warriors
BBC-The Love of Money
I want your money
BBC- The Last Days of Lehman Bros
Million Dollar Traders
BBC- 1929- The Great Crash
PBS Frontline - The Warning
PBS Frontline - Breaking the Bank
PBS Frontline - Ten Trillion and Counting
PBS Frontline - Inside the Meltdown
PBS Frontline - Black Money
The Money Masters - How International Bankers Gained Control of America
PBS Frontline - Sick Around the World
Money Banking and the Federal Reserve (1996)
and sooo many more!
When I started trading I use loads and loads of indicators and I ended up trading the indicators instead of the price. Eventually I had to go back to naked trading and learn how to do that first, now I only use MACD now and only for divergence.
Having said that, last week I started looking at a strategy using Bollinger bands and I am going to start testing that this week.
You just need to be mindful that there is a default setting (20:2) for Bollinger Bands. That is; 20day Simple Moving Average and 2 deviations. According to his book, he says that the bands were tested on thousands of stocks over a very long back years period and this setting seemed to give the most accurate reaction common to all the stocks tested. He also said that Bollinger Bands were not an absoloute science, so in a lot of cases it is recomended that the user play with the adjustment until it suits them. His book is short and simple and would give you a better idea. I like the fact that the man himself wrote the book.
I have it in electronic format so if you want; I could possibly e-mail it.
I'm sorry Waken,
I forgot to mention that Bollinger Bands are designed to be used with other indicators; like MACD, Volume, RSI, etc. You mentioned that you use MACD. You can still use MACD.
Thanks for the offer, I downloaded it last night from IsoHunt. There is a mine of info out there on some of the torrent sites the problem is deciding which is worthwhile.
The strategy I am testing with BB includes the RSI indicator for filtering trades.
The testing started last night when I set up my charts and I will run paper trades for a month or so before I make any decision on it. I have "Forex Tester 2" which I can use for back testing but to be honest I prefer the paper test with the results logged in excel.
Not the Bollinger Bands but the fact that you mention iso hunt. That is how I got that crazy long book list. To be honest, I landed on that list while searching for more info on Bollinger Bands. You should look at his website also. They're worth a try anyway. Have to agree though; Internet is awash with info. Information overload!
I got a good way through the Bollinger book yesterday and its facinating. Its surprising that the way BB's are so often traded (as recommended by the guru's) is not at all like what Bollinger himself recommends.
I have just read the chapter on the Squeeze method and I want to try to demo this method as well.