Jul

10

2005

A Member Recommends Some Reading

I’m familiar with most of the books recommended. In my humble opinion, they are more of an investment classics actually.

Would recommend 1 more though

Lessons from the Greatest Stock Traders of All Time – John Boik.

It includes to-the-point essential techniques and rules, charts, Short and Concise and Easy to read or re-read
( These elements are important and helpful in sustaining a long term discipline )

It features these 5 traders

• Jesse Livermore–How early market defeats taught him the number one rule of profitable trading–Cut your losses and move on!
• Bernard Baruch–Techniques Baruch learned from his $5 a week Wall Street job–and how they helped him build a multimillion dollar portfolio
• Nicolas Darvas–What this "outsider" did to regularly outmaneuver Wall Street’s top pros in his spare time
• Gerald Loeb–What Loeb saw that many others missed, allowing him to sidestep the Crash of 1929
• William O’Neil–How O’Neil expanded on the time-honored rules of his predecessors to become a great modern-day success story

If there is only one book that an investor can read, it’s definitely this one. And just as Nicholas Darvas re-reads Loeb’s book every 2 weeks while active trading, this is definitely a top choice for current investors.

If sections were prioritized for re-reading, my recommendations would be
1.) Nicolas Darvas
2.) William O’Neil
3.) Jesse Livermore

There ‘s another investment classic series which i may intend to acquire and read or recommend :-
A fool’s money – John Rothschild.