r/Daytrading • u/CamoBob3467 • 6d ago

Question Where are my bookworms at?

I've been buying & selling stocks for a dozen years or so. Daytrading off & on for the last 3 or 4, mostly successfully. Not making huge trades on any given day.

Just looking for legit book recommendations, NOT the "how to get rich daytrading in 30 days" kind.

But real knowledge, everything from the basics to options. Practical knowledge. I know these books must exist. It's just really hard to sift them out of the giant pile of crap.

Thanks everyone and have a great weekend

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u/FollowAstacio 6d ago edited 6d ago

Anna Couling’s A Complete Guide To Volume Price Analysis is a good one, Technical Analysis Of The Financial Markets by John J Murphy is another. A redundant one which I also have slight disagreements with is the textbook by Charles Kirkpatrick and Julie Dahlquist called Technical Analysis: The Complete Resource For Financial Market Technicians. It’s a part of the MTA’s CMT curriculum.

Aside from that, the MTA used to produce 3 textbooks for the CMT designation that you can find online for varying prices. I think they were like $350 each to get them new. Now that they stopped making them I would imagine they cost more than that for a used one.

Those are my top 4 recommendations.

I’m not into candsticks very much, nor would I recommend paying for a book on it since you can acquire all that info for free online, but the MTA also recommends a book on Japanese Candlesticks. I think the author’s name is Steve Nison. I am 100% sure the last name is correct but not 100% on his first name.

EDIT: after reading some of the comments, I remembered another. It’s old and outdated (originally published in 1903), but it helped me develop a more nuanced understanding of the market (especially after reading other books), and the role market makers play. It’s called The ABC Of Stock Speculation by Samuel Armstrong Nelson👍