What are the 10 books that have the greatest impact on trading?
1. "The Black Swan" and "Fooled by Randomness":
These two primarily discuss the uncertainty of the market and how to navigate life better in an uncertain market. The core idea is that risk comes first, followed by profit.
2. "The Rules of Returnee Trading": The content is simple and efficient, thoroughly and unreservedly showcasing all aspects of a trading system, helping readers understand the importance of a trading system.
3. "Reminiscences of a Stock Operator": Different people have different feelings after reading it, and the same person will have different gains at different times. The book chronicles the legendary life of the king of speculation, Jesse Livermore.
4. "The Path to Financial Freedom": This book argues that everyone can establish their own trading system, finding a trading method that suits their personality traits, making it worth reading.
5. "The Gift of the Ghost": The author summarizes thirty years of trading knowledge and behavioral changes into three trading rules, encapsulating the author's trading wisdom.
6. "Kroll on Trend Following": Adhering to discipline and principles has led Kroll's trading strategy to great success, emphasizing that the most important factor for success is to follow discipline and obey the principles and trading plan one has chosen.
7. "A Dream in Ten Years": By the author Qingze. This book narrates the experiences and insights of a stock trader over ten years in the stock and futures markets.
8. "The Realm of Clarity": Investment philosophy is the fundamental method for deciphering the maze of trading. The book points out that the market is objective and does not have an absolute fixed movement pattern; therefore, one can only establish their own trading framework.
9. "Out of Illusion, Towards Maturity": The market is a cunning teacher, and traders are dull students. Therefore, we must first genuinely respect the market. Based on this respect, we construct an overall profitable trading system.
10. "Trading Psychology Analysis": The author has been engaged in trading and trading guidance since 1982, viewing "thinking strategies" as the most important characteristic of successful traders.
Many things and many truths can be understood after trading for a long time, but society compares who understands first; understanding early and late leads to different fates.
