No lie, trading is a serious kind of a thing to do. That’s why when I was trying to come up with a list of the best trading books, I made sure to consult with the badasses in my network to ask for their recommendations.
In no particular order, here’s what they said.
#1 Trend Following: Learn to Make Millions in Up or Down Markets by Michael Covel
This book gets into the mind of several successful traders and uncovers insights about how they operate. Tim Dyer recommended this book.
This book was recommended by two of my colleagues: Gary Mettler and @PearlCreek on Twitter. To quote Gary, “for novices as a very first read…still a classic.”
#3 The Disciplined TraderTM: Developing Winning Attitudes by Mark Douglas
Written in 1990, it’s still popular. Recommended by Kevin Kleinman.
Written by an independent trader who owns the largest clearing firm on NYMEX. Recommended by Rob Emrich III.
#5 Stocks for the Long Run by Jeremy Siegel
Recommended by Sandy Travis, AIF, this is a guide to making intelligent investment decisions written by an influential thought leader in the industry.
#6 The Battle for Investment Survival by Gerald M. Loeb’s
This book was recommended by my friend Zachary Shrier who called it “an absolute classic that I loved.”
#7 Flash Boys: A Wall Street Revolt by Michael Lewis
Michael Lewis is famous for Liar’s Poker in which he exposes the shortcomings of 1980s Wall Street. This book is of a similar theme. Thanks to Fergus Hodgson for the suggestion.
Sara’s upshot on the best trading books
Although I haven’t read any of these myself, these books were recommended by credible financial professionals who have achieved success to some degree, and in many cases, a heck of alot. Did I leave anything off the list? Send me a note!
For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and I used to be a financial advisor. I have a weekly newsletter in which I talk about financial advisor lead generation topics, investment management, and Wall Street. It is best described as “fun and irreverent.” So please subscribe!
I also write a blog on various financial topics that you may wish to check out.
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