1. Reminiscences of a Stock Operator, by Edwin Lefevre
Chronicles the experiences of an American stock-market trader from his first job as a quotation boy in a Boston brokerage firm to his influential position on Wall Street in the 1920s. The author provides his observations about the markets and the minds and motivations of a typical trader.
2. Trading for a Living: Psychology, Trading Tactics, Money Management, by Alexander Elder
Trading for a Living explains how successful trading is based on three M’s: mind, method and money. The book helps you master all of those three areas. How to become a cool, calm and collected trader; how to profit from reading the behavior of the market crowd; how to use a computer to find good trades; how to develop a powerful trading system; how to find the trades with the best odds of success and how to find entry and exit points, set stops and take profits.
3. Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude, by Mark Douglas
Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one, teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the probabilities of market movement that governs all market speculation.
4. Market Wizards: Interviews with Top Traders, by Jack Schwager
This is one of the best-selling investment titles of all time. A collection of interviews with top traders gives insights into their stories of extraordinary investment success. Learn how these pros converted financial setbacks into success.
5. Trader Vic — Methods of a Wall Street Master, by Victor Sperandeo
By definition, investors' horizons are long-term (years) and traders' are short-term. This book is aimed at the latter, obviously limiting the scope of its applicability. Noted investment manager Sperandeo explains how he traces stocks and commodities using trends, Dow Theory, Fed-watching, charts and the panoply of technical analysis combined with his own wrinkles. His chief antagonists are program traders (who move billions likewise in the short-term) and the whims of the market.