1️⃣ "Reminiscences of a Stock Operator" — Edwin Lefèvre
🔵Why it’s worth reading:
This is a semi-biographical account of Jesse Livermore — one of the greatest traders of the early 20th century. Despite its 'oldness', the book is absolutely relevant: it shows the psychology of the crowd, fear and greed, and how they drive markets. It’s a classic recommended by both Warren Buffett and Paul Tudor Jones.
2️⃣ "The Mysterious Market Wizards" — Jack Schwager
🔵Why it’s worth reading:
The book is a series of interviews with top traders and hedge fund managers (Peter Brandt, Paul Tudor Jones, Stan Druckenmiller, etc.). From it, you will learn how they think, what approaches they use, and how they manage risks. It greatly develops practical thinking and discipline.
3️⃣ "The Black Swan" — Nassim Taleb
🔵Why it’s worth reading:
The book is not directly about trading, but it is critically important for understanding risk, randomness, and rare events that move markets (think 2008, COVID, 2020, 2024…). Without understanding such 'black swans', any trader is doomed to overconfidence and failure.
4️⃣ "Trading Chaos" — Bill Williams
🔵Why it’s worth reading:
An excellent introduction to technical analysis, psychotriggers, and market behavior. The author explains how emotions operate, what fractals are, and why markets are chaotic but not random. Important for developing your trading system.
5️⃣ "The Way of the Turtle" — Curtis Faith
🔵Why it’s worth reading:
The story of a real experiment: a group of beginners without experience became successful traders after 2 weeks of training. This confirms that discipline and system are more important than intuition and 'genius'. Very motivating and provides specific techniques for trend and risk management.
