📚TraderLion’s Recommending Reading List 📚 (Thread)
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Identifying support near market lows is key to getting positioned for the next uptrend.
∙ Momentum shifting
∙ Clear lows to play against
∙ Tight action allows for better entries
Let's take a look at the market's current action, and some positive signs we're seeing:
Positive Sign #1: 3 Gap Downs In A Row
While some may think this is negative... "Why would it be positive for the market to be gapping down 3 days in a row?"
...it's the close that matters!
Here's $SPY:
As William O'Neil famously said, in bull markets you want to see weak opens with strong closes, and in bear markets you'll see strong opens with weak closes.
Stacking multiple sessions of weak opens and strong closes is a good first step to the market finding some rhythm again.
The best thing you can do for your trading right now is go back and study winning setups.
Here's a step by step walkthrough on how you could have used the Episodic Pivot setup to catch an 80%, single day move $CRNC:
Before you can trade a setup like CRNC consistently, you need to have a process to find names that are gapping up on the open.
You can use @deepvue to run the "Premarket Movers" scan, and on that day CRNC was at the top of the list with 290% volume.
@Deepvue The next thing you need to do is check into why the stock is gapping in the first place — is it positive news about a drug release? Is it an analyst upgrade? In either scenario, is this a game-changing catalyst?
For CRNC, it was a partnership with $NVDA — yes, game-changer!
Christian Flanders went from poker player to 2nd place in the U.S. Investing Championship with a 433% return.
Here's how he overcame setbacks, controlled risk, and mastered the markets: 🧵
🎯 Key Takeaways:
• The poker & trading mindset
• Progressive exposure: adjusting size dynamically
• Why episodic pivots outperform
• The #1 rule for reducing drawdowns
• How historical chart work gives you conviction Let’s break it all down:
🎯 Poker taught Christian the value of emotional control.
In poker, success = betting big when you have an edge.
In trading, it's the same, but you also fight uncertainty over days/weeks, not minutes.
Mastering your emotions is essential in both arenas.