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The StockTradersHQ Library

Knowledge is the key to be successful in the stock market, but which books should you read? There are thousands books available on every aspect of stock trading - and not all are created equal. The following recommended readings are what we feel are the truly great books available on the each subject. We hope you will find them as useful as we have.

REMINISCENCES OF A STOCK OPERATOR By Edwin Lefevre

Recommended by Dave Colletti:

"A story based on the life of legendary trader Jesse Livermore who was famous for being short the market just before the 1927 crash and made over 100 Million dollars while 99% of all investors lost their life savings. A truly fascinating story and after reading it, I was a believer that timing the market and individual stock moves can be done with great success. My journey into the world of TA began after reading this book."

THE MASTER SWING TRADER by Farley

Recommended by Alan Maxfield:

"The Master Swing Trader is not for beginners, and is a difficult read from cover to cover. But I constantly refer to mine, and I have it highlighted throughout with the margins all marked up. It is very technical but also very thorough. More than any other book this one is responsible for my quest for perfection in my trading systems."

HOW TECHNICAL ANNALYSIS WORKS by Bruce M. Kamich

Recommended by Dave Colletti

SECRECTS FOR PROFITING IN BULL AND BEAR MARKETS by Stan Weinstein

Recommended by Dave Colletti

STICKY STOCK CHARTS : Learn How to Manage Your Stocks -- In an Hour or Lessby Laurence Holt

TOOLS AND TACTICS FOR THE MASTER DAY TRADER by Velez & Capra

Recommended by Alan Maxfield:

"They have written the perfect book for the beginning trader or the trader who is struggling and needs to get back to the basics. They cover trading psychology thoroughly and offer an excellent introduction to basic trading systems."

TRADING FOR A LIVING: by Alexander Elder

Recommended by Alan Maxfield:

"I think he’s the best author I’ve read as far as being able to put a master trader’s mind to pen and paper. He’s a brilliant man who will help you to sharpen your trading instincts and develop an effective trading plan. Trading For a Living is easy to read yet very thorough in its instruction."


TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS: By John Murphy

Recommended by Dave Colletti:

"A must read. Technical Analysis is the heart and sole of my trading style, it doesn’t always work but it sure works enough of the time to make very profitable trades. If you trade on T/A, this book is a must."


TECHNICAL ANALYSIS OF STOCK TRENDS: By Robert Edwards & John Magee

Recommended by Dave Colletti:

"For 50 years, this classic has remained the bible on technical analysis. It explains every aspect of charting from basic principles to advanced trading techniques. I love this book."

ELLIOT WAVE PRINCIPLE: By A.J Frost and Robert Pretcher

Recommended by Dave Colletti:

"A clear and easy to understand discussion of the Elliot wave theory. Readers are shown how they can apply the theory to forecast market and stock direction. If you want to study 'the wave', surf through this book."


MARKET WIZARDS: By Jack Schwager

Recommended by Dave Colletti:

"Interviews with some of the world's top traders. A very enjoyable read. It’s like talking to the best traders in the world right in your own living room."


THE AMAZING LIFE OF JESSE LIVERMORE By Richard Smitten

Recommended by Dave Colletti:

"Jesse Livermore is considered by many on Wall Street to be one of the greatest stock market traders who ever lived. This book is about Jesse Livermore's life. It was written after interviews with Livermore survivors and witnesses to the events which took place during his life. A Wall Street classic."


THE BATTLE FOR INVESTMENT SURVIVAL: By Gerald M. Loeb

Recommended by Dave Colletti:

"A timeless classic first published in 1935, this book remains one of the most popular handbooks on investing. It covers such essential topics as market timing, portfolio selection, hedging one's losses, switching stocks, investing in new products and much more."


HOW THE ECONOMY WORKS: By Edmund Mennis

Recommended by Dave Colletti:

"This book covers a vast amount of subjects concerning the economy. Every investor should know how our economy relates to the stock market and our investing and trading."

THE ALL SEASON INVESTOR: By Martin Pring

Recommended by Dave Colletti:

"This book explains a variety of successful strategies for every stage of the business cycle. The business cycle is a very important part of timing the moves and direction of the stock market."

The next list is for more advanced traders.

JAPANESE CANDLE STICK CHARTING TECHNIQUES: By Steve Nison

Recommended by Dave Colletti:

"This book has everything you need to know about Candlestick charting. If you are interested in learning Candlestick charts and formations as a short term trading tool, look no further than this book."

TRADING CLASSIC CHART PATTERNS: By Thomas Bulkowski

Recommended by Dave Colletti:

"This book covers most trading patterns and explains the statistical chances of each pattern being successful. Includes a scoring system for each pattern. Whether you believe in the probabilities in the book as they relate to each pattern is not important. The patterns themselves are the heart of the book in my opinion."


OPTIONS AS A STRATEGIC INVESTMENT: By Lawrence McMillan

Recommended by Dave Colletti:

"This book is pricy but it’s a super book. If you have any desire to learn stock options, this a must read. Stock options have very high risks and should not be traded if you are a beginner"


THE ENCYCLOPEDIA OF TRADING STRATEGIES: By Jeffrey Owen Katz and Donna L. McCormick

Recommended by Dave Colletti:

"Probably the most advanced book I have every read on the subject of trading. Very complicated reading but once understood, you will learn what methods work and what doesn’t. Skip this book if you are a beginner. If you think you know everything there is to know about trading, you haven’t read this book yet."