Books which every trader should read
For getting SUCCESS in MCX and NSE market
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.
Success as a day trader will only come to 10 percent of those who try. Its important to understand why most traders fail so that you can avoid those mistakes. The day traders who lose money in the market are losing because of a failure to either choose the right stocks, manage risk, and find proper entries or follow the rules of a proven strategy. In this book, I will teach you trading techniques that I personally use to profit from the market.
Introducing TRAP Concept. Don’t get trapped! Market is a dangerous place for novice traders. I have described the fundamental concepts of Price Action in the Part I, the basic knowledge which any trader needs. In Part II, I have illustrate seven TRAP setups you can find on any chart, along with examples and studies for you to better understand the TRAP concept. The only consistent setup you will find on every day, every market and every time frame.
It is a widely acclaimed book by Benjamin Graham on value investing. Written by one of the greatest investment advisers of twentieth century, the book aims at preventing potential investors from substantial errors and also teaches them strategies to achieve long-term investment goals. Over the years, investment market has been following teachings and strategies of Graham for growth and development. In the book, Graham has explained various principles and strategies for investing safely and successfully without taking bigger risks. Modern-day investors still continue to use his proven and well-executed techniques for value investment.
This well-thought-out training regimen begins with an in-depth look at the necessary tools of the trade including your scanner, software and platform; and then moves to practical advice on subjects such as how to find the right stocks to trade, how to define support and resistance levels, and how to best manage your trades in the stress of the moment.An extensive review of proven trading strategies follows, all amply illustrated with real examples from recent trades.
Matthew R. Kratter
Ready to get started trading stocks, but don’t know where to begin? Momentum stocks are a great place to start. Imagine what it would be like if you started each morning without stress, knowing exactly which stocks to trade. Knowing where to enter, where to take profits, and where to set your stop loss. In this book, you will learn: >How to spot a stock that is about to explode higher >Exactly when to buy and sell the stock
> How to screen for the best stocks to trade
> Insider tricks used by professional traders
> How to find big winners like Apple and Facebook > How to tell if you are in a bull market, or a bear market > And much, much more
Darvas read some 200 of the best books on the market by the great speculators, spending 8 hours a day saturating all the information. He came up with a unique approach and plan for trading stocks that was to see him achieve $2,450,000 fortune in just 18 months. Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron’s Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique ‘Box System’, which he used to buy and sell stocks. Darvas’ book remains a classic stock market text to this day.
Greenblatt explained how investors can outperform the popular market averages by simply and systematically applying a formula that seeks out good businesses when they are available at bargain prices. The book explores the basic principles of successful stock market investing and then reveals the author’s time-tested formula that makes buying above average companies at below average prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th grade math, plain language and humor. He shows how to use his method to beat both the market and professional managers by a wide margin. You’ll also learn why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone “knows” it.
Building from the ground up, Buffett chose wisely and picked his stocks with care, in turn amassing the huge fortune for which he is now famous
Learn how to approach investing the way Buffett does, based on the authors’ firsthand knowledge of the secrets that have made Buffett the world’s second wealthiest man
* Use Buffett’s proven method of investing in stocks that will continue to grow over time
* Master the straightforward mathematical equipments that assist Buffett in making investments
* Examine the kinds of companies that capture Buffett’s interest, and learn how you can use this information to make your own investment choices of the future
What do Charles Dow, Jesse Livermore, and Richard Ney have in common? They used volume and price to anticipate where the market was heading next, and so built their vast fortunes. For them, it was the ticker tape, for us it is the trading screen. The results are the same and can be for you too. This book will teach you all you need to know from first principles. So whether you’re a day trader or longer-term investor in any market, instrument or timeframe, this book is the perfect platform to set you on the road to success and join those iconic traders of the past. All you need to succeed is a chart with volume and price…simple.
William J. O’Neil
Based on a major study of market winners from 1880 to 2009, this expanded edition gives you:
Proven techniques for finding winning stocks before they make big price gains
Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains
100 new charts to help you spot today’s most profitable trends
PLUS strategies to help you avoid the 21 most common investor mistakes!
Legendary money manager Peter Lynch explains his own strategies for investing and offers advice for how to pick stocks and mutual funds to assemble a successful investment portfolio. An important key to investing, Lynch says, is to remember that stocks are not lottery tickets. There’s a company behind every stock and a reason companies—and their stocks—perform the way they do. In this book, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio, based on your own experience and insights and on straightforward do-it-yourself research.