Readings
To improve trading, reading what other discovered/propose is indispensable.
Below is a list of books that can be used at different stage of your trading experience.
Each gives you a different view of trading.
None will make you rich though, but that I guess you already know.
- The big picture: Asset Allocation
The Four Pillars of Investing: Lessons for Building a Winning Portfolio, William Berstein.
This book is a great help in deciding what percentage of your assets to put in cash, stocks, real estate, etc. and how to rebalance your portfolio.
- Stock picking strategy
How to Make Money in Stocks: A Winning System in Good Times or Bad, William J. O'Neil
O’Neil shares a real long-term experience in trading. He introduces his IBD method. I am an IBD subscriber, and I do not fail to use their stock analysis tool before entering a trade.
- Fundamental analysis
Fire your Stock Analyst: Analyzing stocks on your own, Harry Domash
Domash helps you perform the requested fundamental analysis. Rather helpful for those who are not accustomed to read between the lines of a balance sheet.
- Technical analysis
Trading for a Living and Come into my Trading Room, Dr Alexander Elder.
These books are both entertaining and real good guides for those who want to learn the basics of technical analysis. Dr Elder's last book: "Entries & Exits: Visit to Sixteen Trading Rooms" nicely introduce you the style of different traders, commenting on each of them.
- Portfolio Management
Portfolio Management Formulas: Mathematical Trading Methods for the Futures, Options, and Stock Markets, Ralph Vince.
This book is clearly dedicated to math lovers. It will help you maximize your capital growth and minimize your risk by just optimising your money management methodology.