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Top 5 Books by/About the Best Traders of All Time
1) Jack Schwager - "Market Wizards"
• Why it deserves to be read:
Interviews with the greatest traders (Paul Tudor Jones, Bruce Kovner, etc.). These are not just success stories - these are real strategies, psychology, and risk approaches.
2) Mark Douglas - "Trading in the Zone"
• Why it deserves to be read:
One of the best books on trading psychology. It teaches thinking in probabilities, controlling emotions, and eliminating mental blocks that interfere with profitable trading.
3) Jesse Livermore - "Reminiscences of a Stock Operator"
• Why it deserves to be read:
The technical autobiography of one of the earliest legendary traders. A classic in this genre of trading books.
4) Larry Williams - "Long-Term Secrets to Short-Term Trading"
• Why it deserves to be read:
The author is a world champion trader who increased his account by 11,000% in a year. The book is a treasure trove of technical analysis and short-term strategies.
5) Alexander Elder - "Trading with Dr. Elder"
• Why it deserves to be read:
A complete course on trading: from psychology and strategy to risk management. Elder is a trader and practicing psychologist, which helped him perfectly describe how a trader's mind works.