Thursday, September 04, 2008

Resources for Learning How to Trade

I want to thank the many readers who took the time to comment so generously on my last post, outlining the "Introduction to Trading" project that I'll be starting with tomorrow's blog post. Earlier today, on the Trading Coach site, I posted several links to resources that might be helpful for developing traders, with a specific focus on how to trade. On that same site, you'll find links to the contributors to the Trading Coach book; their sites offer excellent resources for those looking to develop as traders.

Here are some worthy book resources:

From Brian Shannon: Technical Analysis Using Multiple Timeframes

From Jim Dalton and colleagues: Mind Over Markets; Markets in Profile

From Ray Barros: The Nature of Trends

From John Forman: The Essentials of Trading

Many resources on the blogosphere are included in the links above, but a few bear special mention:

Trader Mike's "Key Posts" at the left of his blog page;

Brian Shannon's videos illustrating the application of technical analysis;

Corey Rosenbloom's Afraid to Trade blog;

Chris Perruna's "Top 20 Posts" at the top right of his blog page;

Ray Barros' Trading Success blog.

What other sites have helped you learn how to trade? I'm sure I'm leaving out plenty of good sources. Leave your suggestions in a comment to this post! Thanks as always--

Brett
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4 comments:

Hen said...

Hi Brett,

I hope you are doing well. I had attended one of your presentation sponsored by Bill Duryea. I would like to review the seminar again. Do you have the link on your website?

Please let me know when you get a chance.

Thanks,
Henry.

David said...

I have been doing a little bit of research on this topic myself.

Here are some of the books and web resources I have enjoyed lately or have found useful in the past:

Books:

1). The Market Wizard series by Jack Schwager (be sure to read Stock Market Wizards as well).

2. Trader Vic: Methods of a Wall Street Master, by Victor Sperandeo.

3. Reminiscences of a Stock Operator and How to Trade in Stocks by, respectively, Edwin Lefevre and Jesse Livermore.

4. Technical Analysis of Financial Markets by John Murphy.

Web/Blogs:

1. Start a favorites folder devoted to trading links.

Go to Stockblogs and related blog directories, search through their listings of trading-related blogs and save your favorites, especially those that have great link sections and blogrolls. Soon you'll have an easy reference folder of great trading sites.

2. Trader Mike's Trading 101 page, especially the portions on money management and position sizing.

3. Elite Trader forums. I'm not an active follower of this site, but it is one of the most active trading forums I've found, and may come in handy as a source of information and feedback.

4. SFO Magazine - they always seem to have good articles and information on trading methods and related topics.

I look forward to learning more from everyone's comments!

Best,
David

Brett Steenbarger, Ph.D. said...

Hi Henry,

You can get the link from Trevor at Market Delta--

Brett

Brett Steenbarger, Ph.D. said...

Thanks for those recommendations, David; much appreciated--

Brett