augieboo's junk pile

[augieboo]

My List of Books on Stock Trading, Indicators, TA, etc.

1. Reminiscences of a Stock Operator by Edwin Lefèvre

augiebooboo's comments:
Anyone who wants to understand Wall Street needs to read this and/or The Wall Street Jungle.


2. The Wall Street Jungle by Richard Ney (Author)

augiebooboo's comments:
A bit outdated now, but still quite relevant for anyone who wants to know how "da boyz" can pick your pocket and make you pay for the priviledge. Hard to get, but my library has it. Try yours.

For a preview of the ideas in the book, see the article The NYSE Specialist #msg-424179

For some more stuff about Ney and his system, see http://home1.gte.net/simres/e1-ney1.htm


3. Technical Analysis of Stock Trends by Robert D. Edwards, John F. Magee

augiebooboo's comments:
THE "Bible" on stock trading. Beginners usually start here. Great basics and background, but look elsewhere for "how to" info.


4. TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS
by John J. Murphy

augiebooboo's comments:
The other "Bible" on stock trading. #2 for beginners. A broad survey with very little depth anywhere and, again, no practical/how-to stuff.


5. Technical Analysis Explained by Martin J. Pring

augiebooboo's comments:
Another fairly comprehensive work a la Murphy or E&McGee, but much more practically oriented, IMHO. Great for beginners or as a brush-up for intermediates.


6. Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder (Author) (Hardcover)

augiebooboo's comments:
At least one of these two Elders should be on everyone's list. I like this one best.


7. Come Into My Trading Room: A Complete Guide to Trading
by Alexander Elder

augiebooboo's comments:
Another important book by Elder.


8. Essential Technical Analysis: Tools and Techniques to Spot Market Trends by Leigh Stevens

augiebooboo's comments:
Intermediate level overview with lots of practical application.


9. Martin Pring on Market Momentum by Martin J. Pring

augiebooboo's comments:
Intermediate level book on indicators (for the most part). If you are willing to get some data & learn a little bit of Excel, this book can help you learn a TON about how & why indicators work.

Note: Pring's pride and joy is what he calls the "KST" system, which is essentially a momentum-based indicator system for timing the markets in the short, (days to weeks), medium, (weeks to months), and long, (months to years), terms. You can play around with the KST system for free at Pring's web site, http://www.pring.com/KSTchart.htm

Note 2: I don't use the KST system, but I played with it a great deal and learned quite a bit in the process.


10. Encyclopedia of Chart Patterns by Thomas N. Bulkowski

augiebooboo's comments:
Valuable resource. Bulkowski is the only author I know of who has studied chart patterns systematically & mathematically. Bulkowski studied 500 stocks from mid-1991 to mid-1996. Keep this time frame in mind when using the book, as this was definitely a BULL market, and chart patterns have a way of adjusting themselves to general market conditions, IMDO. In other words, bullish patterns work better during bull markets, and bearish patterns work better during bear markets.


11. JAPANESE CANDLESTICK CHARTING TECHNIQUES by Steve Nison

augiebooboo's comments:
Most traders -- even those who think otherwise -- don't know beans about candlesticks. Read this and you'll be one of the few.


12. Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices by Thomas J. Dorsey

augiebooboo's comments:
Good system for the conservative trader or the investor who wants to trade now and then

Note: Dorsey has an excellent, free, online tutorial on PnF charting. http://208.149.108.67/cgi-bin/foxweb.exe/fwuniv


13. The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities
by Alan S. Farley (Hardcover)

augiebooboo's comments:
THE book for the serious, hard-core trader looking to become a true master. Not an easy read. Much knowledge (on the part of the reader) is presumed & necessary to put it to good use.

Note: Farley has an awesome website packed full of great trading tips. http://www.hardrightedge.com/

Note 2: Farley sometimes hangs out on Silicon Investor, where he goes by the handle "Trader Alan." http://www.siliconinvestor.com/stocktalk/profile.gsp?id=4851003


14. Beyond Candlesticks : New Japanese Charting Techniques Revealed by Steve Nison

augiebooboo's comments:
More content than most people seem to think, but only recommended for those who really want to learn 'sticks.


15. Arms Index by Richard W. Arms, Jr.

augiebooboo's comments:
TRIN & nothing but TRIN. Essentially a long (just under 100 pp) journal article in book form. Useful info if you get it cheap. Otherwise skip it unless you're really into the TRIN.


16. The Research Driven Investor: How to Use Information, Data and Analysis for Investment Success by Timothy Hayes

augiebooboo's comments:
Excellent for the longer-term trader, (i.e., weeks to months or longer), as it covers LT market modeling with market internals, sentiment, etc.

Note: Hayes is affiliated with Ned Davis Research, which has a very nice web site where they give absolutely NOTHING away for free. (BOO!) http://www.ndr.com/public/container/bio_tim.html