Thread: Side Hustle
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Old 12-24-2020 | 07:29 PM
  #491  
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Originally Posted by TransWorld
Benjamin Graham with the Intelligent Investor

Phil Fisher with Common Stocks and Uncommon Profits

Warren Buffett has stated these two books are the foundation of good investing in stocks.

I quite agree.

I am a technician so I don't give a rip about fundamentals. My reading and studying is more along the lines of:

Marty Schwartz, Pit Bull, Lessons from Wall Street's Champion Day Trader. He is still selling premium in oil and spy today and has been one of the biggest traders for decades.

Ed Seykota, The Trading Tribe. Grew an account from 5K to 15 million in twelve years, documented because it was a client account. Featured in the first Market Wizards book by Jack Schwager.

Richard Dennis, Leader of the famed turtles. Ran a borrowed 1600 dollars into 200 million in about 10 years.

Jesse Livermore, Reminiscences of a Stock Operator. Shorted the 1929 crash days before and reportedly made nearly 100 million on the trade.

Paul Tudor Jones, No book and very private but there is a good video on Youtube from 1986 where he talks of a coming crash and he was short for the 1987 crash tripling his client's money in a few days. He is now a billionaire.

Mark Douglas. Sadly he died young but was a pretty good trader. His contribution to investing was the book Trading in the Zone, which is the best psychology book out there for traders.

Ed Thorp, A man for all Markets. Many have never heard of Ed but he killed markets with a twenty year hedge fund with only three losing months in those twenty years. He also invented card counting and beat Vegas before getting into trading.

Mike Bellafiore, One Good Trade. Mike co-owns a proprietary trading firm in NY with several very big day and swing traders in the firm making seven and eight figures. A very good book for systematic traders and required reading if you want a job trading at SMB Capital.

There are more but that is a good start if any of you want to study technical trading.
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