"Book Review" Posts
HBR’s 10 Must Reads Boxed Set (6 Books)
By Lawrence
Summary Must read for all independent traders who like to grow their trading business. Book Information Harvard Business Review’s 10 Must Reads Boxed Set (6 Books) [starreviewmulti id=2 tpl=31 size=’12’ average_size=’24’]
The Practicing Mind: Developing Focus and Discipline in Your Life by Thomas M. Sterner
By Lawrence
Summary Before people talk about grit or the importance of deliberate practice, there was Thomas Sterner advocating the importance of focusing at the moment to build your skills and overcome challenges. This book is a must read for anyone who need a practical framework to achieve more in life. Book Information The Practicing Mind: Developing […]
Mastery by Robert Greene
By Lawrence
Summary A different kind of self-help book for those who do not want just feel good advice but solid paths that can lead to fulfillment in terms of doing something you are passionate about and being a master of the field you have chosen. I recommend this book to all traders. Book Information Mastery written […]
Understanding Price Action: Practical Analysis of the 5-Minute Time Frame by Bob Volman
By smilingsynic
Summary The book addresses Forex exclusively. While he claims that the methods “are applicable to all markets,” I disagree. Markets have some general similarities, but they also have prominent differences. I think his methods would work on the S&P, but they almost certainly work better on Forex which I don’t trade. I nevertheless recommend this […]
Flash Boys by Michael Lewis
By Lawrence
Summary The dog barking up the wrong tree is the best way to summarize what this book is about. It is doing a disservice to the investment community by planting wrong concepts and ideas about the impact of the HFTs. The promotion of creating a new exchange more evil than the ones we have is […]
Seven Trading Systems for the S&P Futures by David Bean
By smilingsynic
Summary The biggest strength of this book is its focus on testing trading systems empirically. The biggest weakness is the lack of readability. Those who use gaps in their trading will find this book useful, and system writers themselves may get some good ideas on their own just by reading this book. For what it […]
The Art of Mental Training: A Guide to Performance Excellence by DC Gonzalez
By Lawrence
Summary Regular trading psychology books written by doctors and trainers focus too much on trading and ignored the fact that the ability to master our emotion requires practice and training. This book covers the topic with practical advices and techniques that the readers can use to train their minds properly. It is also a book […]
Anatomy of $SPY on First Trading Day of the Month by Kora Reddy
By smilingsynic
Summary Empirical traders who like Lawrence Chan’s quantitative analysis of trading systems at his daytradingbias.com will like this book enough to keep it handy. Kora Reddy has done us daytraders a great service by showing what makes trading systems tick. Success comes not in blindly following systems but in understanding how and why those systems […]
How I Trade for a Living by Gary Smith
By smilingsynic
Summary Gary Smith’s How I Trade for a Living is one of the best in Wiley’s “Online Trading for a Living” series. Although some of the material is dated, his autobiography is inspiring, and his approaches to trading uniquely individualistic. Those who enjoy reading about maverick traders and how they make their money trading should […]
The 5-Day Momentum Method by Jeff Cooper
By smilingsynic
Summary This seems to be a good mechanical system for trading stocks. Even though it was written in an entirely different market environment, Cooper’s pamphlet contains ideas that still probably work today, if used selectively. His system can now easily be backtested, and I wouldn’t be surprised if such a test would demonstrate that this […]
