What books inspired you in your trading journey?

Taking this opportunity, I will list the trading books I have read, which is also my summary.

The first book was "Technical Analysis of Futures Market" by John Murphy , although I didn't know what futures were at the time. This book is relatively old and relatively comprehensive. Its focus is to tell you what "technical analysis" is, and most definitions of terms in the trading industry are covered.

The second book is "Japanese Candle Chart Technique" by Steve Nissen , which is also relatively old. It is about the so-called K-line. It must be read, but it must not be applied mechanically. .

Later, Brent Penfolds' "Trading Bible" and Curtis Fein's "Turtle Trading Rules" made me realize what system trading is, especially system mechanical trading.

Then there are some books on specialized trading systems, such as "Five-Minute Momentum Trading System", "Intraday Trading Strategy: A Practical Guide to Grain Futures Trading", "Short-term Trading Secrets" and so on. You don't have to use these systems, But you must understand how a correct system is formulated, what characteristics and steps it has, in order to improve your own system.

In addition, I also read a lot of autobiographical books to experience the personal journey of trading masters. These books pay more attention to the tempering of trading psychology. Such as "Wall Street Ghost", "Memoirs of a Stock Operator", "Into My Trading Room", "Self-Disciplined Trader", "Psychological Analysis of Trading", "Trading for a Living" and so on . If you want to make money, shouldn't you first look at how the seniors who can make money came here?

Speaking of trading mind, "Trading Psychology" written by Japanese Takami Murai has detailed steps and is highly operable. It is a "sunflower book" for tempering trading mind.

In addition, I have also dabbled in several relatively shallow books on financial history, such as "The World Is a Financial History" in China, "World Financial History: Bubble Wars and the Stock Market" written by a Japanese , and a Skye En's "Minimalist Financial History" , if you want to understand finance but don't want to read those bulky textbooks, you might as well read these books and learn finance from past stories.

I read financial books, but rarely those written in China. Chinese people are congenitally deficient in economics, and the books they publish are patchwork, high-level and complete, without depth and personality. Westerners have worked hard in capitalism for three hundred years, and their economic thoughts have accumulated richly. The books they write often have more unique and in-depth insights. But there is an exception, that is the domestic master "Zen in the Wind" , I read all his more than 2,000 blog posts in about a year, and I can't help but sigh how a successful trader needs a grand world view! Unlike others who came to study 108 lessons, I read that 108 lessons at the end. For the first time, I admit that these 108 articles are articles that I have never encountered that I can’t read, or I can’t read. Many times I seem to have understood what he was referring to, but after thinking about it again and again, I printed it out and kept it by my side, and I read a few articles when I have nothing to do, and there are always new gains.

Finally, I would like to say that reading trading books does not necessarily guarantee making money, but if you don't read books or ask a teacher to guide you, you will definitely lose money. This is absolute.

You can have your own model

Memoirs of a Stock Operator

"Wall Street Ghost", "White Dwarf: Trader's Mind and Trading System" seems to be called this. These two books are must-reads. First establish your own risk control and trading system cognition. If you are a novice, you may not understand the content of the book, so you can write it down first. Trust me, you will lose a lot less money.

"Psychological Analysis of Trading" Mei/Douglas

The Memoirs of a Great Writer, Sun Tzu's Art of War,

Very classic, worth watching once a month.​

It is recommended that you learn more about logic and mathematical logic, as well as systematic research methods.

Investment books only read the simplest introductory books.

Then study the market by yourself according to the mathematical logic you have learned.

In terms of specific aspects, I personally think that those stocks...,...trading, etc. are actually not very useful. You can copy them. Why can you copy them? Why do you want to write a book and make yourself rich? I personally think that if you want to make a good deal, you can read some first Learn more about the books or materials of the market, and understand the routine games played by various big players in the market, so that when you meet the dealer, you can better stand in line or stay (these are all experience, experience may be learned from reading books) , I personally learned from exchanges with many bigwigs in the industry) Finally, I recommend the pattern and the weakness of human nature

Memoirs of a Stock Operator

financial geek

Japanese candle chart Xiaobai is strongly not recommended!

What I recommend is mainly the mentality and principles and the logic behind it. You need to find a good teacher to learn the technology quickly.

Someone asked why I don’t recommend the book of Japanese candlestick charts. Let me reply in a unified way: After Xiaobai learned candlestick charts for the first time, because he was a newborn calf, every K line he saw was like an entry signal, because people were right and wrong There will be the human nature of forgetting and remembering correctly. After a long time, when you see a signal, you want to enter the market. Most of the results are losses. This is the first stage.

After going through the first stage, the phobia has already been generated. Looking at the market at this time, every K-line is like a reverse K-line, so no one dares to trade any signal. This is the second stage.

Of course, there are also a small number of people who will break through these two stages and form a sense of the market through a large number of market and firm loss experiences before they begin to selectively know which signals should enter the market and which should not enter the market, but in fact there will still be Losses, because it is too easy for the main force to use a few K-lines to lure more or less, and it will not cost much.

Relatively speaking, if you use the trend to trade, there is only one real reversal signal, and the winning rate is relatively higher.

Japanese candlestick chart, I haven't seen anything else.

To make a point, don't look at the surface when reading a book, look at the results and conclusions.

To understand the reasons behind it.

Only when you understand it can you use the conclusion directly, just like a mathematical formula.

I have been trading for nearly ten years, and I have not read many classics recognized by the public. There are confessions of a trader with a dream in ten years, and trend trading by Lu Seibu. There are also some introductory knowledge and technical indicator K-line theory when starting stock fund management. I haven't mastered these things until now. There are tens of millions of professional ways to use them, and the risk is the first. The trading market is very inclusive, almost as long as you think feasible technologies can be used in the market, including some technologies of casinos. But having said that, if you want to find the holy grail of trading, it doesn’t exist. It’s a good system to perfect your own trading system and find out the shortcomings. Don’t waste time looking for things that don’t exist. It’s been a long time. , With experience, some things should be sought inwardly rather than outwardly.

Trading for a Living, Memoirs of a Handyman

"Price Action Trading" (I use this set of techniques), a total of 4 books, divided into trend chapters, reversal chapters (volume 2), interval chapters

"Di Napoli Point Trading Method", mainly introduces the application of Fibonacci

"Japanese Candle Chart Technology",​This is the foundation, traders must read it, but there is no need to remember the various k-line combinations in it, just remember two or three types, such as: engulfing line, pregnant line, etc. I use two

Financial Geeks Battle Blackjack

Trading has gone through six eras. Enlightenment is divided into risk era and trend era. The era of value investing. The era of model hedging, the era of mergers. artificial intelligence era

Personally, I only recommend reading Japanese candlestick charts. Other books are almost useless.

This is enough for actual combat, find the download address http://123443.lanzoui.com/iFIhKkdsjdi unzip password 123

Newcomers don’t just read books in a mess at the beginning, they should break through all aspects of technology, fundamentals, trading systems, etc., so that they can grow rapidly. The most classic books on the technical side are Japanese candlestick chart technology and futures market technical analysis. These two books are must-read books. For the trading system, it is recommended to read the Turtle Trading Rules, and you can refer to the ideas in it so that you can quickly build your own trading system. There are no good books to recommend on fundamentals, so read more news yourself, and it’s right to read more books on economics.

Textbook level, technical analysis of futures market, Japanese candlestick chart, this is the foundation! The foundation is very important. Once the foundation is learned, the speed of improvement will be very fast