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I'm reading "Perform Under Pressure" by Dr Ceri Evans at the moment and it's very good.
He helped the NZ All Blacks rugby team when they were struggling, he worked with Mercedes Formula 1 team at the start of their dominating run of wins.
One of the top "mind" guys in the world.
Shame record100 is no longer around as I?d like to say thanks. Dunno why but this book he mentioned ?Mastering the Trade? by John Carter stood out to me so I bought the Kindle version.
I just had my exact issues that I?d improved on, followed by my exact issues I knew I was still suffering from, followed by exactly what I?m doing reading Trading books as Phase I Phase II and Phase III.
Yeah I?m reading the right book
Funnily enough all my problems started with futures, options are too complex and expensive for me to jump into a trade without really thinking it through and waiting for good entries. Which naturally lead to a lot of success, so I?ve mostly gone back to them now. But let?s see if this book can?t improve my performance and let me take advantage of all the benefits futures have.
ETA: never mind I?m not really in phase III. There is no holy grail and the ?next thing? is just another way to lose money until you master it and yourself. Phase I and II were dead on though.
It has probably been said (I didn't go through the entire thread) but if I had to name the most helpful book(s) for me it would be the Market Wizards series by Jack Schwager. Interviews with real, verified traders, some of them legendary and some unknown.
The following user says Thank You to thw333333 for this post:
I'm pretty sure the trading-specific books have already been mentioned, buuuut:
Market Wizards - Jack Schwager
The first one especially.
Reminiscences of a Stock Operator - Edwin Lefevre
A book about the life and trades of Larry Livingston Jesse Livermore. Livermore also wrote a book called "How to Trade In Stocks" towards the end of his life. I can't remember if it's mentioned in Reminiscences, but a fun fact about Jesse Livermore is that his ex-wife shot their son when they were drunk. People were just as quirky back then as they are now, I guess.
Trade Chart Patterns Like the Pros - Suri Duddella
Basically, a collection of chart patterns with instructions on how to trade them.
The (Mis)behavior of Markets - Benoit Mandelbrot & Richard L. Hudson
Fractals, man.
Less Directly Related to Trading:
A Man for All Markets - Edward Thorp
This dude is a legend. Figured out Black-Scholes before Black-Scholes came up with Black-Scholes (I think), figured out how to beat blackjack, co-invented a wearable computer that generated signals for beating roulette, and the list goes on.
Extraordinary Popular Delusions and the Madness of Crowds - Charles Mackay
Fun fact about this book: I somehow found a copy that only had the first three chapters of the book, and up until earlier this month, I thought that's how big the book was. Three chapters. NOPE. There's a lot more book than that! My copy is just weird. Anyway, it's a book about manias, panics, booms, busts, and of course, crowds. The language is a bit old school though, so fair warning.
The Wisdom of Crowds - James Surowiecki
A more modern take on crowds, and with a different perspective than what I've read from Mackay. It's really amazing what groups of people can do.
Principles - Ray Dalio
I found the first part of the book to be helpful, but the second part doesn't really apply to me right now. Ray is an interesting dude, and there's some valuable insight in this book in my opinion. "Pain + Reflection = Progress."
The Demon-Haunted World - Carl Sagan
I'm not gonna' lie, this book is depressing as ****. I haven't even finished it yet, but I remember gaining some kind of insight from reading what I did read, although I can't remember what it was at the moment. Still, Carl Sagan. What a mind.
Healing the Shame That Binds You - John Bradshaw
This a book that I'll recommend to everyone for the rest of my life. It has nothing to do with trading, and everything to do with how you treat and view yourself, which can ultimately impact your trading performance. It can be a hard read depending on your experiences, but you may find it beneficial. I certainly have.
The Body Keeps the Score - Dr. Bessel Van Der Kolk
Also not trading-related, but a good read. It will help you understand what's happening to you when you've experienced trauma, and it will help you understand what others are going through when they have. I haven't finished it yet, but what I've read so far is very good. This book may also be a hard read depending on your circumstances, but you may still find it beneficial.
"When you are studying any matter, or considering any philosophy, ask yourself only: 'What are the facts, and what is the truth that the facts bear out?'" - Bertrand Russell
