Update to my Best Trading Books Ever

September 22nd, 2010 by eyal | Filed under Personal development, Reading, Resources, Stocks, Trading Resources. | Print This Post Print This Post

It’s been a while since I’ve updated my list of Best Trading Books which I recommend to traders looking to up their game. And there’s a good reason for that, I didn’t see anything interesting out there that would make it as a “Top Trading Book”, that’s till I recently came across this fantastic book. First I need to say this isn’t a paid or incentive driven review, I didn’t get a free book, and I have absolutely no affiliation with the writer. I just think that One Good Trade is a damn good trading book which almost any trader can benefit from.

I did skip the first couple of chapters (mostly prop trading related) but then instead of skimming through to the end like I would do with most new “get rich quick” / secret formula trading book for stocks / futures / options and all other instruments on the planet, I actually started seeing some really good material in it which kept me reading. It’s like one of those gem of a trading book that Dr. Brett Steenbarger publishes (his 2 books Enhancing Trader Performance and The Daily Trading Coach are absolute must read).

The author of One Good Trade, Mike Bellafiore covers almost everything you can think of in terms of the journey to becoming a good trader. From specific advice on Tools of Success:

  • Keep a detailed Trading Journal
  • Replay trades in your head like old school traders
  • Talk trading with other traders
  • Use video review individually, and as a group
  • Practice on a trading simulator—Secret Project X
  • To real world examples and explanations on sound trading building blocks such as

  • What is a stock in play?
  • What is a good stock intraday?
  • The importance of picking the right stock
  • and how to find these stocks
  • And more advanced stuff such as reading the tape, high frequency trading, when to press your winners etc.

    Even if you’ve read dozens of trading books in the past (who hasn’t..) I would still encourage you to pick up this one.

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    2 Responses to “Update to my Best Trading Books Ever”

    1. Gav | 22/09/10

      Hey stranger, where have you been?
      I have to agree with you. One Good Trade is really a DAMN good trading book.:-)

      In fact, I have a small post-it note on my monitor written “Make One Good Trade, then One Good trade..” :D

    2. eyal | 23/09/10

      Hey Gav, I’m always in the same spot, just not making too many noises :-)

      That’s a good motto to have.

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