Classics
Reminiscences of a Stock Operator
- One of the great classics when it comes to understanding discretionary
traders.
"I did precisely the wrong thing. The Cotton showed me a loss and I
kept it. The wheat showed me a profit and I sold it out. Of all the
speculative blunders there are few greater than trying to average a
losing game. Always sell what shows you a loss and keep what shows
you a profit." - Reminiscences of a Stock Operator.
Confusions and Delusions: Tulipmania, the South Sea Bubble and the
Madness of Crowds (Wiley Investment Classics)
- It is remarkable how well the two authors captures the mindset of
investors in markets driven by pure psychology. Perhaps one of the first
books written in behavioral finance.
"Peeling a most extraordinary onion", replied the philosopher. "Hundert
tausend duyvel!" said the Dutchman; "It's an Admiral Van der Eyck"-
Extraordinary Popular Delusions.
Futures Game: Who Wins, Who Loses, and Why
- Possible one of the better books written on trading futures, the whys,
the dos and don'ts for all possible types of traders. A book that
I am going to reread in a not too distant future.
"Why worry about realized losses? They are more than overcome by
profits."- Futures Game.