Books to read

Being a full-time successful trader and investor in the stock markets is not a typical job. I have done it and I have enjoyed my journey a lot. I have no boss over me and the stock market hours are less demanding than a host of other jobs. This means I also don’t have someone coaching me or teaching me the ways of the market and how to pull money out of it. Here in India, the market closes at 3:30 pm, which leaves plenty of time to pursue other interests. But with lofty goals and a strong desire to succeed in the market, I have spent a great deal of time educating myself once the trading day is over. Knowledge and information from books, and especially poring over my own trading results keep me learning.



I have read many books and magazines about the stock market and about trading. Because I am self-employed and therefore self-motivated, I find it necessary to always be searching for helpful information to continually improve my approach. I want something that I can connect with, something that grabs my attention in a way that may sharpen my skills, develop my method, or make me aware of new trading industry developments, for this books are our best friends when a writer writes a 600 pages books those are not 600 pages but those are his 20-30 years of experience that are embedded into those 600 pages, the experience which he has got in the field in which he specializes. Some say "I can't afford to buy books" well I would say you can't afford not to buy and read books. Getting 20-30 years of experience by paying up 300 or 500 rupees is not at all a bad deal and among the ones I have selected out for you people you may get them for as low as Rs, 250for that I have posted direct buying links from amazon and flipkart because what I have found is that amazon and flipkart are best sites for buying books online at good discount. So what are you waiting for select yours and get it now .............



1) Everything You Wanted to Know About Stock Market Investing by CNBC TV18



This book is for those friends who say I am zero in stock market investing and want to learn about it. 

Despite the immense opportunity that the stock market offers, in terms of wealth creation, there are many investors who shy away from this instrument due to a perception that investing in stocks comes second only to rocket science in terms of degree of complexity. Everything you wanted to know about Stock Market Investing effectively dispels that notion. Using simple language, devoid of scary 'financial jargon', it covers all aspects of stock market investing and issues that are tangential too. From financial planning and the impact of inflation on investments, from equity investing strategies like top-down and bottom-up investing etc. to risk mitigation measures like value averaging, using market volatility, this book makes your knowledge on investing in stocks holistic. Everything you wanted to know about Stock Market Investing also goes beyond just explaining how markets work. With practical tips and illustrations, axioms, action points and test questions it prepares you for your practical journey into the world of stocks. The book not only helps the investor comprehend the nuances of equity investing for wealth buildup, it also helps the investor understand macroeconomic aspects and their impact on businesses, how to respond in times of panic, how to avoid being the victim of stock market scams and finally, how to compute equity investment returns before and after tax. It manages to transform the seemingly formidable task of stock investing into an enjoyable and rewarding exercise that leaves you wanting to know more and do more. It is most definitely the first step for the uninitiated and an actual trigger point for those who have been watching from the wings.










2) How I Made $2,000,000 In The Stock Market by Nicolas Darvas


Nicolas Darvas was a Hungarian born dancer, who got interested in stock market after he got paid for one of his performance in stocks. 

He got fascinated by stocks and spent hours studying the market and trying to make money on short term moves in stocks without much success. From 1952 to 1956 he tried various methods of stock selection and churned his account till he put in place his own method of trading momentum/growth stocks called "box theory" which was simple a method to buy a second leg of a bull move in a growth stock after it had a had a consolidation period or trading range(which he called box). He bought the stock after the stock made a new high or 52 week high after such consolidation.
Once he had his method in place, in span of 18 months he made 2 million starting with 10000 capital. If you look at the 5 or 6 stocks which made him that 2 million, you will notice they were the growth stocks of that time............ wanna learn his methods get this book and you are gonna enjoy it the way he has written the book is just fantastic............... strongly recommended for beginners





3) Stan Weinstein's Secrets for Profiting in Bull and Bear Markets


this is my personal favourite and hence in the top of list if you haven't ever read any book on the subject and you are about to begin your learning process then my friend this book is made for you i read this book long time ago and this one changed the way I used to trade. This book was the first to quantify one of the most important concepts in trading; the four stages in which stocks move, which are the basing, advancing, topping, and declining stages

Stan Weinstein's Secrets For Profiting in Bull and Bear Markets: in this the author reveals his successful methods for timing investments to produce consistently profitable results.

 Topics include: Stan Weinstein's personal philosophy on investing; The ideal time to buy; Refining the buying process; Knowing when to sell; Selling Short; Using the best long-term indicators to spot Bull and Bear markets; Odds, ends, and profits

BUY FROM AMAZON 





4) Technical Analysis of Stock Trends by Edwards and Magee



9th expanded, updated and revised edition of the classic reference used by 1 million plus traders and investors worldwide .





Long considered the definitive foundational work on technical analysis, this milestone, expanded 9th edition of the bible of technical analysis offers both proven, time-tested trading and investing techniques and updated contemporary know-how for success in different market conditions: 

  • How to improve your trading and investment performance by analyzing stock trends.
  • How to apply the three basic principles of charting, and how to interpret common patterns
  • .
  • When to buy; how to use stops.
  • How to avoid significant losses by using charts to figure out when and how far prices will fall.
  • What to do during speculative frenzies.
  • Contemporary updates to Dow Theory.
  • Practical portfolio theory and practice.
  • 500+ real-life chart examples ? each an analysis and trading lesson in itself.









5) TECHNICAL ANALYSIS FOR THE TRADING PROFESSIONAL BY CONSTANCE BROWN

THE TECHNICAL ANALYSIS CLASSIC—REVISED AND UPDATED TO HELP YOU SUCCEED, EVEN DURING TIMES OF EXTREME VOLATILITY
“This book contains the most advanced methodology I’ve ever seen.”
—GEORGE C. LANE, from the Foreword
Required reading for certification in the Chartered Market Technician (CMT) program
Over a decade ago, when this groundbreaking guide was first published, the world of technical analysis had experienced vast change. Seemingly overnight, technological advances had utterly transformed the way market analysts performed their jobs. A growing army of professional technical traders, armed with global plug-and-play software, needed to improve their skills of price projection, timing, and risk management to weather the increasing market ranges and volatility.
Technical Analysis for the Trading Professional helped them achieve it. The word spread that this practical guide provided radical new uses and combinations of indicators and formulas—and it became an instant classic.
By comparison, today’s markets make those of 1999 look simple—so Technical Analysis for the Trading Professional has been expanded to reflect the author’s experiences over the past decade to bring you fully up to date. It provides comprehensive coverage of new techniques, as well as the timeless insight and tools that analysts will always need to maintain a competitive edge in the global financial markets, including:
  • Explanations of why common oscillators do not travel between 0 and 100 and why signals develop in different ranges during bull versus bear market trends
  • Expanded guidelines for the use of the Composite Index. Formulas are fully detailed for this custom oscillator that warn when the Relative Strength Index is failing to detect a trend reversal
  • A comprehensive foundation of Gann analysis, with an explanation of howGann Squares, the Gann Fan, and the Square of 9 are geometrically related to one another
  • Methods for calculating Fibonacci retracements and swing projections in rapidly expanding or contracting markets
  • A more expansive discussion of cycle analyses and their asymmetrical properties
Each chapter presents the given topic as a separate building block, moving step-by-step through 150 charts that lead toward new methods of price triangulation. The result enables you to pinpoint a market objective—even in the most extreme and volatile trading environment.
Use Technical Analysis for the Trading Professional to establish the trading dominance you need to excel in today’s uncertain markets.






6) The Intelligent Investor by Benjamin Graham


Benjamin Graham is undisputedly the father of value investing His ideas about security analysis laid the foundation for a generation of investors, including his most famous student, Warren Buffet.This classic text is annotated to update Graham's timeless wisdom for today's market conditions...
The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.
Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals. "The Intelligent Investor"will teach you sound, time-tested principles that every investor can use. Plus, it's worth a read based solely on Warren Buffett's testimonial: "By far the best book on investing ever written."









7) One Up On Wall Street by Peter Lynch




Written by the legendary mutual-fund manager, Peter Lynch, this book enumerates the many advantages that an average investor has over professionals and how they can help them reach financial triumph.
One Up On Wall Street: How To Use What You Already Know To Make Money in The Market shows how your knowledge alone can help you beat the pros of investing. From the perspective of America's most successful money manager, investment opportunities are widely available.
Products and services can be found everywhere, from the supermarket to the workplace. All you have to do is zero in on the best ones to choose companies in which to invest, before they are discovered by professional analysts.
When you, as an investor, get in early, you can find the stocks that appreciate tenfold from the initial investment. These are called ‘tenbaggers' and will turn you average stock portfolio into a star performer.
One Up On Wall Street: How To Use What You Already Know To Make Money in The Market provides an easy-to-follow method to help you sort out the moderately possible from the impossible by reviewing the financial statements of a company.
Lynch tells you which numbers really count and offers instructions for dealing with cyclical, turnaround and fast-progressing firms.
In short, as long as your investment is focused on the long term, your portfolio will be rewarding. This is the 2nd revised edition of the book and was published on 3 April 2000. It is available in paperback.
Key Features
  • A number one bestseller and classic book of investment know-how, this book offers timeless advice on money business.
  • This book discloses the tips and secrets on making it big in the investment world.


8) Common Stocks and Uncommon Profits by Philip A. Fisher


First published in 1958, Common Stocks and Uncommon Profits and Other Writings is regarded as a great resource by investors. Its chief author Philip Fisher is regarded amongst the most influential investors of all time. The updated version of this book also includes the perspectives of Ken Fisher, an investment guru and son of the original author. The opinions of Ken are presented in the form of an expanded preface and introduction.The book has been divided into three sections taking the reader through nuances of how to buy a stock to development of an investment philosophy. In the first part of the book, Fisher lists 15 points to look for in a common stock. These pointers have become famous as a qualitative guide for companies who are seeking diagnosis. Part one of the book also consists of other basics, including what and when to buy, as well as when to sell stocks.The second part of the book covers the four dimensions of a conservative investment. Part three of the book uncovers a chapter on judging the market and building an investment philosophy. The appendix of the book covers some people factors, functional factors and some key factors in evaluating promising firms.The current edition of Common Stocks and Uncommon Profits and Other Writings was published as paperback in 2010 by Wiley India Pvt. Ltd. It has remained in print ever since.Key Features:
  • The book is a proven resource for stock investors.
  • It covers all aspects an investor must learn and know








9) Trading in The Zone by Mark Douglas



Maximizing the trader’s state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a trader, personal trading coach, and industry consultant since 1982, sends the message that "thinking strategy" will profoundly influence a trader’s success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.
Trading In The Zone offers specific solutions to the “people factor” of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset. Along the way, they’ll gain valuable insights into their own entrenched misconceptions about the market.
Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street’s realities, traders will come to leverage the power of their psyche for unprecedented profitability.










10) The Disciplined Trader by Mark Douglas




Successful trading is 80% psychological and 20% methodological. Emotion is the enemy of successful trades. That's why, even with a modest knowledge of fundamental and technical information, the trader who is in psychological control will be the winner in the trading environement. You will find books on technical analysis you will find on fundamental analysis but unless you get disciplined in your trading, nothing will work for you. This masterpiece is especially for those who have a good knowledge about fundamental or technical analysis yet they are unable to make what they always dreamt of. A strongly recommended for all traders









21 comments

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Anonymous
AUTHOR
October 29, 2014 at 11:45 PM delete

Hi Abhishek.. In amazon I also found this book : How I Made $2,000,000 in the Stock Market: Now Revised & Updated for the 21st Century by
Darvas Nicolas, Steve Burns.

Should we buy this one instead of How I Made $ 2,000,000 in the Stock Market by Nicolas Darvas. Pls suggest.

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October 30, 2014 at 8:06 AM delete

both are good bro you can try any of them as per wish the main concept and learnings will be same in both. Regards

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Anonymous
AUTHOR
January 12, 2015 at 5:20 PM delete

dear just tell me only one book - if i just want to go by just one -

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January 13, 2015 at 8:47 AM delete

u can go for my e-Book http://thestockking.blogspot.in/2014/12/the-traders-code.html

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Amol Ingole
AUTHOR
May 21, 2015 at 4:02 PM delete

Thanks bhai providing such great information and u r truly practicing knowledge increase by sharing not by saving...

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sudheer raja
AUTHOR
October 25, 2015 at 3:36 PM delete

Grate blog please suggest some good books for fundamental analysis

Sudheer

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October 25, 2015 at 6:22 PM delete

Intelligent investor by benjamin graham go for it...............

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November 21, 2015 at 9:14 PM delete

Hi Abhi,

We want learn stock market how to start it.Which books we needs study and as learner which segment is good for us.Kindly advice

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January 5, 2016 at 5:38 PM delete

Any best book for intraday trading.

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Anonymous
AUTHOR
January 10, 2016 at 10:04 PM delete

Thanks bhai

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January 11, 2016 at 12:15 AM delete

havn't read any good book on intraday trading so far i usually do postional and medium term can't comment on good books for intraday thankss

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Abhi
AUTHOR
April 14, 2016 at 4:01 PM delete


Hello,
Nice collection of books. Smart investors always grab opportunity to find multibaggers in market turmoil only. yeah its true before investing and thinking of jackpot one must examine the quality and growth potential of the stocks. Its all about its fundamental, valuation in term of PE, efficient management, previous track record and future prospect of the company.
Happy investing

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May 21, 2016 at 10:45 AM delete

Dear Abhishek bhai.. Which book would you recommend for me??? :-)

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May 21, 2016 at 10:39 PM delete

You go for traders code written by abhishek ninaniya- the stock king :) :)

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Rohit Pandya
AUTHOR
July 13, 2016 at 8:50 PM delete

I'd any book in Gujarati ?

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Rohit Pandya
AUTHOR
July 13, 2016 at 8:50 PM delete

I'd any book in Gujarati ?

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July 14, 2016 at 11:05 PM delete

yess you can search for them on amazon or flipkart we have many good titles in guju as well

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Unknown
AUTHOR
January 15, 2017 at 10:55 AM delete

Where can I get traders code book and at what price???

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Sameer Shenoy
AUTHOR
January 15, 2017 at 10:56 AM delete

Where can I get traders code book and at what price???

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