Stock Trading Books

Stock Trading Books – My Top Four Favorites

There’s an interesting survey question in the Telechart Platinum main ALL-TCNET chat room about stock trading books. Here it is:

“What are the BEST THREE market-related books you've ever read?”

Here is my personal response to that question:

Great question - and one that will benefit many investors and traders in the future! Here are my choices:

1) How To Make Money In Stocks by William J. O'Neil

This is the book that "did it for me" when I first got started in investing and trading. It made the most sense to me at the time. Not to mention I consistently made an average of 80% a year for five years straight right off the bat. Of course, that was the 1990's. And a little unknown stock called Cisco Systems bought at the "pivot point of the decade" - Oct. 1990 - sure helped. But I caught a few other "10-baggers" because of this book.

2) Profitable Candlestick Trading by Stephen W. Bigalow

Now, besides the fact that Steve is a personal friend of mine, this is just a great book! I have deep respect for Steve Nison, but Steve B.'s book has more practical candlestick trading knowledge, IMHO. Plus he made candlestick trading a LOT easier to learn!

3) How I Made $2,000,000 In The Stock Market by Nicholas Darvas

Great investors and traders today are successful because they stand "on the shoulders of giants" - those mega-traders of the past who basically only had price and volume to look at to make trading decisions. Nicholas Darvas is one of those giants that William J. O'Neil, Dan Zanger, and other great traders and investors of today are standing on the shoulders of.

Since all three of these books have already been mentioned, I'll throw in a different one that is also very intriguing:

4) The Right Stock At The Right Time by Larry Williams

Larry offers a fascinating look at how cycles have played out in the past, and how he made some pretty incredible predictions based on those cycles. Some of his predictions were quite contrary and pooh-poohed by the "mainstream" group of investors and traders at the time, but his amazing results speak for themselves.

Hope this helps lots of people improve their score in this incredibly fun (and lucrative!) game.

TheDaryl

That was the end of my post in the chat room survey, but I have one more thing to say about stock trading books in general.

I mentioned above the importance of “standing on the shoulders of giants”. There’s a key point I want to make here.

The point is how important it is to only pay attention to those who have actually done what they are purporting to teach others how to do. You’d be shocked at the number of investing and trading books written by authors…

Who Have Never Traded A Single Stock In Their Lives!

The William O’Neil’s, the Steve Bigalow’s, the Nicholas Darvas’s, and the Larry Williams’ of the world – they have indeed done what they are teaching you how to do. They have walked their talk. They have used their own, actual money - and have been bloodied and bruised in the process – in developing and refining their trading systems and philosophies in the real world – not in some classroom or laboratory. Or using some historical back-testing scheme.

Anyway, I highly recommend those four stock trading books listed above. They have helped me tremendously in becoming the success I am today. I am literally “standing on the shoulders of giants”.

Now, on to business.

The markets are off to a great start of the second quarter 2006!

Our stock for review today is OPTC – Optelecom Inc.

OPTC is breaking out of a high basing area off a little Bullish Kicker Gap – very strong!  It’s close to all-time highs – even those made in the year 2000 “melt-up”! And today’s trading volume is 733% above normal.

I recommend you “opt” for some OPTC. Your portfolio may inflate because of that addition!

Product Of The Day

Stock Trading Books – My Four Favorites

If you would like more information on my four favorite stock trading books, simply click on the following links:

How To Make Money In Stocks by William J. O'Neil

Profitable Candlestick Trading by Stephen W. Bigalow

How I Made $2,000,000 In The Stock Market by Nicholas Darvas

The Right Stock At The Right Time by Larry Williams

Enjoy!