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It's been a while since I posted in this thread but it just occurred to me as I read the new posts today that I've read countless books on trading, probably 20+ and the majority of them were completely useless and I'd even say the majority of them lead me astray. I wish I hadn't read most of them or wasted my time on them.
Ok, if we want to put up a list on highly decommended books, we should do it in another thread. This makes it easier, if we get a take-down notice. Also the bashing will not pollute this thread. I can at least contribute 10 books as well.
Hmmmm, books I didn't like....
I've read easily over 50 books on trading and even the ones I didn't like; they still had some useful content. Actually, some of main aspects of my trading style are with tools and techniques that I initially dismissed as not useful. For some reason or other, I persisted to study them and then "saw the light".
But I'm curious to see this list too. Mike did say "which ones" earlier.
I agree that even when I read a book I didn't like, it helped reinforce or underscore my own principles. For instance, if I read a book about a method, and I strongly disagree with it, I have still learned something.
This is true for most of the books, but you also have to take into account the opportunity cost. You could have spent the same time reading a better book.
And some books are that bad, that you can condense them into one page without losing any considerable amount of information.
Again, I do not want to cite them here. It is much more fun to discuss really good books and recommend them.