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Tuesday, August 11, 2009

Reading List

Once in a while, I received an email on how to learn investment. So to avoid repeating, I list out the self-learning book list for Warren Buffett or Paul Tudor Jones wannabes. This is your reading assignment:
  1. Reminiscences of a Stock Operator by Edwin Lefèvre
  2. Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder
  3. Market Trading Tactics: Beating the Odds Through Technical Analysis and Money Management by Daryl Guppy
  4. Secrets to Winning Stocks: Change your Investing Destiny by Improving your Trading Method by Teoh Chang Yeow
  5. Trend Following by Michael W. Covel
  6. Trading Rules: Strategies for Success by William F. Eng
  7. The Disciplined Trader: Developing Winning Attitudes by Mark Douglas
  8. Inside the Investor's Brain by Richard L. Peterson
  9. Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher
  10. How To Make Money In Stocks: A Winning System in Good Times or Bad by William J. O'Neil
Before you start investing/trading in equity, commodity, forex or property, you need to begin by investing in yourself with knowledge. If you go out without a clue on the rules of the game, you will be going to get hurt badly.

The book list is long because I don't know which method suits you. You must find it out yourself. This may take a few bull/bear cycle before you find the one that suits you (hopefully before you blow yourself out)

Book number 1 is a must read. That is your textbook. The rest are elective subjects. Just make sure you learn techniques (technical analysis or fundamental analysis), money management (or risk management) and psychology.

Good luck!

2 comments:

Keith said...

Intelligent Investor - Benjamin Graham

One Up on Wall Street - Peter Lynch

Where are these books?

swifz said...

I did not buy these books as I have given up on fundamental analysis after reading the book by Philip Fisher. Therefore, I cannot recommend as I have not read them.

The recommendation is more like a trader's guide.