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Re: Profe$$or post# 116327

Monday, 10/19/2009 11:20:57 PM

Monday, October 19, 2009 11:20:57 PM

Post# of 137480
Some ideas for a junior year reading list.

- The Complete Turtle Trader (Michael Covel)

Great treatment of risk management and position sizing based on volatility. This was a game-changer for me less on their trending system, but more on how to manage my edge and how to deal with an account of variable size and how to conceptualize and abstract the risk from the absolute. The book isn't long - packs a lot of value IMHO.

- Technical Analysis of the Financial Markets (John J. Murphy)

The bible of technical analysis. Can be a little dry, but anyone that's read Stikky will be well-served to dig into this book to get the real nitty-gritty and a much wider swath of technical knowledge.

- Reminiscences of a Stock Operator (Edwin Lefevre)

A classic read about Jesse Livermore. Historical context, but the book does spend a lot of time thinking about the psychology of trading and has a lot of trading stories that still reflect some of the market today. Real tape readers, they were. Talks about how they watched the price action and tested the market strength before making plays. Overall it's a short read also. Very recommended.

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