tag:blogger.com,1999:blog-20374666.post999749657507911303..comments2024-03-05T07:50:04.017-05:00Comments on Stockbee: Can you learn trading from books Part 1Pradeep Bondehttp://www.blogger.com/profile/16750002566366368685noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-20374666.post-52906737814150490932008-12-12T22:48:00.000-05:002008-12-12T22:48:00.000-05:00All of those books are fine and dandy, but I stron...All of those books are fine and dandy, but I strongly suspect that everyone has read most of them and any possible edge is negated. I wrote a list of my favorite trading books over on my blog a while ago, and it contained some books that one would never see on a trader's list of books to read. With your permission, please, here's the link to my favorite books.<BR/><BR/>http://masteroftheuniverse.wordpress.com/2008/10/31/books-for-the-complete-trader/<BR/><BR/>JeffJeff Watsonhttps://www.blogger.com/profile/04670343651820075474noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-20958951576466705192008-12-05T19:05:00.000-05:002008-12-05T19:05:00.000-05:00Excellent article Pradeep! I bought some of these ...Excellent article Pradeep! I bought some of these books on your recommendation, and I thank you for that. I have learned a lot from the following books:<BR/>1. Reminiscences of a Stock Operator - Edwin Lefèvre <BR/>2. How to make money in stocks - Wiliam O'Neil<BR/>3. How to trade in stocks - Jesse Livermore<BR/>4. Hedge Fund Edge - Mark Boucher<BR/><BR/>I found that reading them constantly helped me a lot. Also, I have learned many valuable ideas from your artcles and from email exchanges with you. Again thanks for that.<BR/><BR/>Besides this, I came to know about Dan Zanger from one of your articles. I have read and listened to his interviews over and over. That helped me internalize a few of the important concepts.<BR/><BR/>I have been trading for last two and half years or so, and have been reading these books. I have read some sections from these books quite a few times. My observation is that as my experience as a trader increased, some of the concepts from these books started making more and more sense. At the beginning of my trading career I had many questions and no clue about what really works. Slowly, those questions got answered on their own - some because of reading and others because I was trading and observing certain behavior patterns of the stocks and of the market. You need to see a few market cycles to understand how markets and stocks really behave. It is equally important to survie the initial years.<BR/><BR/>Finally, I found that even after understnding the concepts, I was failing to apply them. I doubled my money and then gave it all back. I had to read Trading in the Zone by Mark Douglas and few articles by Brett Steenbarger to really understand how a trader's mind can work against him or her and how to gaurd against it. <BR/><BR/>Finally, Think and Grow Rich also gave me some clues about what I was missing. To succeed in trading like any other field there are some common principles. Think and Grow Rich helped me understand those. Hope this helps those who are just starting out.Unknownhttps://www.blogger.com/profile/10826069572307439174noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-20707615378539351672008-12-05T08:55:00.000-05:002008-12-05T08:55:00.000-05:00tkstksPradeep Bondehttps://www.blogger.com/profile/16750002566366368685noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-58205877611333033542008-12-05T00:40:00.000-05:002008-12-05T00:40:00.000-05:00OMG! Thanks a lot Pradeep, your post is a book in ...OMG! Thanks a lot Pradeep, your post is a book in itself! Excellent post and thanks again.<BR/><BR/>ssSunil Saranjamehttps://www.blogger.com/profile/03965099584244733042noreply@blogger.com