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May 5, 2021 20 tweets 13 min read Read on X
📚TraderLion’s Recommending Reading List 📚 (Thread)

⬇️
1. How To Make Money in Stocks - William O’Neil

William J. O'Neil is the founder @IBDinvestors. His #CANSLIM methodology and studies have influenced us at TraderLion & many authors including those in this thread.

amzn.to/3tfMp9u
2. Reminiscences of a Stock Operator - Livermore

Reminiscences is the biography of Jesse Livermore, one of the greatest speculators who ever lived. More than 80 years later, it is still one of the most highly recommended investment books ever written.

amzn.to/2Rtkt4R
3. Jesse Livermore’s Methods of Trading in Stocks

Livermore started trading in securities when he was fourteen years old. This book is derived from a series of interviews between Richard Wyckoff and Jesse Livermore from the 1920s.

amzn.to/33fnsAo
4. How to Trade in Stocks - Livermore

This book sheds even more light on Livermore's philosophy & methodology with a ton of insights into his trading formula.

amzn.to/33iFge0
5. Trading in the Zone - Mark Douglas

Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the mental habits that cost them money. This is a MUST-READ for all traders/investors.

amzn.to/3tnn8KD
6. The Disciplined Trader - Mark Douglas

The Disciplined Trader focuses on how traders can take control of their trading behavior by developing a systematic, step-by-step approach to winning week after week, month after month.

amzn.to/3umdadR
7. How I Trade and Invest in Stocks - Richard Wyckoff

Wyckoff leverages over 33 years of experience in the markets in this book. His primary reason for writing this was to help new investors who find the markets too complex.

amzn.to/3hb0iTM
8. Secrets for Profiting in Bull and Bear Markets - Stan Weinstein

All traders/investors should read this book as it offers the skeleton of which phases stocks go through again and again over many years. Timeless principles.

amzn.to/2QTXcc8
9. The LifeCycle Trade: How to Win at Trading IPOs - @EBoboch @KGD_Investor & team.

This book presents the conclusions of an extensive study of Super Growth stocks and IPOs. Another must-read.

amzn.to/3b5DGQR
10. Monster Stocks: How They Set Up, Run Up, Top and Make You Money - @monsterstocks1

Monster Stocks gives you the tools you need to land super-performing stocks and handle them for maximum profit, market cycle after market cycle.

amzn.to/3vANj1U
11. Lessons from the Greatest Stock Traders of All Time - @monsterstocks1

This book follows Livermore, Bernard Baruch, Gerald Loeb, Darvas, and WON and emphasizes their processes and common characteristics even as they traded in different time periods.

amzn.to/3ulniDq
12. Market Wizards: Interviews with Top Traders - @jackschwager

Schwager interviewed dozens of top traders and while the details differed, they can all be boiled down to the same formula: solid methodology + proper mental attitude = trading success.

amzn.to/3b2bVZm
13. Unknown Market Wizards: The Best Traders You’ve Never Heard of - @jackschwager

This book continues on the popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their performance results.

amzn.to/3h8lc67
14. Trade Like a Stock Market Wizard - @markminervini

Minervini unveils his trademarked stock market method SEPA, which combines careful risk management, self-analysis, and perseverance. He explains his process for achieving triple-digit returns.

amzn.to/2PTF3ec
15. Think & Trade Like a Champion - @markminervini

A sequel to Trader Like a Stock Market Wizard. This is another gem by Mark which expands upon his first book.

amzn.to/2QW1hN5
16. Technical Analysis Using Multiple Timeframes - @alphatrends

This book is an excellent introduction to technical analysis and reading price action. It goes through how to read trends, market structure, and the psychology of price movement.

amzn.to/3vWAG1t
17. The Hour Between Dog and Wolf - John Coates

This book covers a series of experiments that identifies a feedback loop between testosterone & success that is responsible for how we feel after a winning or losing streak. Very fun read.

amzn.to/2Sw1jvB
18. 24 Essential Lessons for Investment Success - William O’Neil

We had to end with another book from WON! This one breaks down his 40 years of experience studying the markets into a handful of easy-to-digest lessons.

amzn.to/3b4V2gC
19. How I Made $2,000,000 in the Stock Market - Darvas

Let's not forget Darvas! In this book, he documents his techniques including his unique Box system. This is a classic even to this day and we highly recommend reading it.

amzn.to/3thoZRb

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More from @TraderLion_

Apr 27
Momentum trading is one of the most lucrative wealth building tools in the world of investing. Imagine being able to find $NVDA BEFORE the big move.

It's possible if you pay attention during a correction because these leaders leave clues 🔎

A thread on what to look for:
Corrections are feared by most because people associate the lower prices with losing money, which makes sense because most people do lose money during a correction.

But corrections are what create opportunities for the astute momentum trader looking for the next big winners 🧐 Image
However, the first priority during a correction is to protect capital. We are looking for clues to spot the next big winners but you WILL get chopped up if you trade too much before the correction runs it's course.

We want to be in a position of strength when the time is right💪
Read 19 tweets
Jan 31
You're passionate about the stock market, but your results constantly disappoint you.

Here are 10 mistakes you're probably making right now (and simple ways to solve them):
1) Trying to learn everything there is to know about every aspect of the markets.

Majority of traders/investors struggle because they’re overcomplicating their strategy.

Instead of trying to be an 'everything' expert, be a 'your strategy' expert.

It really is that simple.
2) Trying to be someone you’re not.

William O'Neil could be full margin in one or two names. Is that something you could do?

Build a method that fits your strengths, risk profile, & personality—not someone else's.
Read 12 tweets
Jan 27
One of the most powerful chart patterns is the Volatility Contraction Pattern (VCP), made famous by Market Wizard @MarkMinervini.

If you want to be an expert in technical analysis, this pattern is a MUST KNOW.

Here are the crucial elements (so you can spot it in seconds): Image
@markminervini The most important traits of a valid VCP pattern are the following:

1. Tightening from left to right within the base
2. Relative strength and accumulation signs
3. Volume dry ups & lack of sellers
4. A very tight final contraction

Let's dive deeper with a real world example ↓
@markminervini Characteristic #1: Tightening Within The Base

Proper VCP patterns show volatility contracting as time goes on.

This is characterized by a set of higher lows, with highs staying relatively equal throughout the base.

Here’s a recent case study in $NVDA: Image
Read 13 tweets
Jan 25
If you’re struggling to determine your timeframe as a trader, read this:
There are 3 different timeframes to choose from in the market.

· Day Trader
· Swing Trader
· Position Trader

Your timeframe will be a reflection of your personality, lifestyle, & goals.

Let's find out which one is right for you ↓
#1: Day Trader

The appeal of day trading is that by executing your trades during the session, you remove any overnight risk.

You may miss bigger moves but sleep better at night.

These traders buy/sell on lower timeframes (1min, 5min, etc) all the way up to a daily chart.
Read 11 tweets
Sep 24, 2023
You love trading, but your results constantly disappoint you.

Here are 10 mistakes you're probably making right now:
1. Trying to learn everything there is to know about every aspect of the markets.

→ You will need to unlearn 90% of it later to make real progress. Instead, focus on the key principles that drive market movements and price action.
2. Not focusing on what works for you and what doesn’t.

→ Understand your risk profile, strengths, and weaknesses. Develop a method based on your real-time trials & errors.
Read 14 tweets
Jun 27, 2023
17 Top Trading Lessons from Alexander Elder:
"When the market deviates from your analysis, you have to cut losses without fuss or emotion."

1/17
"Markets are actually set up so that most traders must lose money."

2/17
Read 19 tweets

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