Reading List:
I read every night before I go to bed. It’s a way to unwind after a crazy day. I enjoy fantasy and have read the Game of Throwns 2x’s, but I’m changing what I’m reading to change my life.
These are next on my Reading List:
- Japanese Candlestick Charting Techniques, Second Edition
This is the classic book on candlestick charting. He spent time in Japan and translated the technique into English. Nisson changed technical analysis in the 90’s with this book and is considered a must read on candlesticks - Overby, B. (2009) The Options Playbook: Featuring 40 strategies for bulls, bears, rookies, all-stars, and everyone in between. TradeKing
ISBN 978-0-615-3081-2
This is quick reference textbook with the mechanics of the set up and risks/rewards. I plan on having this in my car for a quick pick up
Below is a list of books I’ve picked up:
Sperandeo, V. (1993) Trader Vic: Methods of a Wall Street Master, John Wiley & Sons, Inc. Hoboken, New Jersey
ISBN: 978-0-471-30497-5
This was a great book. I have gone back through some my old books and I am glad I found this one again. This details out his life as a trader. It has a great explanation of the fractional banking system. The of basic economics of Robinson Crusoe is worth the price of the book alone and I consider that a must read.
- Morris, G. L. (1995) Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures. McGraw Hill New York, NY
ISBN 1-55738-891-1
This is an easy to read explanation of candlestick charting with plenty of examples. I will be rereading this, because of the way it is written. This is in a textbook format detailing out reversal patterns and continuation patterns.
- Lef’vre, E. (2005) Reminiscences of a Stock Operator, John Wiley & Sons, Inc. Hoboken, New Jersey
ISBN 0-471-67876-7I’ve wanted to read this book for a long time and looking to understand his pivot point system. This is a conversational type of a book with Edwin interviewing Jesse Livermore under an alias. This book would interesting to market historians, because it details out the market environment from around 1900-1930.
This was an amazing read and I wish I had read this book earlier. This will be on my repeat reading list, because there is nothing new on Wall Street and his insights are applicable today.
- Logan, T. (2008) Getting Started in Candlestick Charting John Wiley & Sons, Inc. Hoboken, New Jersey
ISBN978-0-470-18200-0This was a great read and in a textbook format. This is a book I’m picking up again to learn more about candlestick charting. It has a good blend of Eastern and Western technical analysis. It has plenty of examples of each of the trading patterns and tests at the end. This book was very well done
- Lehman, R., McMillan, L. G. (2001) New Insights on Covered Call Writing: The Powerful Technique That Enhances Return and Lowers Risk in Stock investing. Bloomberg Press, New York
ISBN 133978-1-376600-133-4
This is a great resource for covered call writing. This goes into great detail about the flexibility on the strategy. This steps through how the order gets executed and cleared through the Options Clearing Corp (OCC). They take in to consideration of all aspects of this technique.
- Clason, G. S. (1955) The Richest Man in Babylon. New Amercia Library a division of Penguin Publishing New York NY
ISBN978-0-451-20536-0
Classic quick read on building wealth. There was a tablet written from the richest man in Babylon with the keys to wealth. George has written a narrative that walks through each of the steps. I have read this several times and handed out copies to friends. I consider this book required reading.
- Smitten R. (2001) How to Trade Stocks, Jesse Livermore: His own words: The Jesse Livermore secret trading formula for understanding timing, money management, and emotional control.
McGraw-Hill. New York, NY.
ISBN0-07-14697946
This book is a fantastic read about the life of Jesse Livermore. Jesse was a famed trader who made $100 million shorting the market in 1929. This book was written by Richard and he included the Livermore Key. This was his system for his buy and sell signals.
This book also sheds some light into the man himself and his history. Jesse’s life starts out as trading in a bucket shop to his Evermore estate in the Hamptons. He would liquidate all of his positions at the end of the year, set it up as cash in a vault, and spend New Years weekend reviewing all of his trades for the year.
William O’Neil the founder of Investors Business Daily used this book as a blueprint for his business. The Livermore Key is a system of tracking prices and trying to capture the big move. He would avoid much of the noise of the day to day. He watched for a pivot point at a new high or low. The he would confirm against another stock.
When he entered a trade he would already be making money at it. With millions on the line he would be able to sleep like a baby.
This is a great book. I’ve read it several times and really feel this would make a great movie. I highly recommend this book.
- O’Neil, W. J. (1995). How to Make Money in Stocks, Second Edition, A Winning System in Good Times or Bad.
McGraw Hill, New York, NY
ISBN 0-07-048059-1
The founder of Investor’s Business Daily details out his system is based on a mixture of fundamental and technical analysis when purchasing a stock. This is an excellent blueprint and learning tool about investing. I have read this several times, marked up, underlined, and made notes in my copy. It’s a little banged up and dropped it a puddle once. This book will provide foundation knowledge on how to quickly read IBD to maximize your time
O’Neil, W.J. (2000) 24 Essential Lessons for Investment Success. McGraw Hill New York NY
This a more readable book than his earlier How to Make Money in Stocks. This has a conversational tone with 24 Questions and Answers. This book sheds light in to the investing philosopy of IBD. This was an enjoyable read.
- Batty P. M., (2007). Covered Calls: Consistent Cash Flow
TradingTheMarket, LLC.
ISBN 1-4196-6769-6
This book is a quick read and is basically a quick hand book on writing covered calls. There is a stock selection criteria, general entry points, and a stop loss rule for unwinding an unprofitable position. This also has screen shots of a buy write.
- Ellman, A., (2007). Cashing in on Covered Calls, Investing with Stock Options
SAMR Productions. Hauppaugs, NY.
ISBN 978-0-9774233-5-4
This the classic book on writing covered calls and this is a pretty straight forward easy to read book. I have made an outline of this and is a quick reminder checklist. I consider this book required reading on the subject.
- Ellman, A. (2009). Exit Strategies for Covered Call Writing: Making the Most Money When Selling Stock Options
Wheatmark. Tucson, AZ
ISBN978-1-60494-253-8
This is Allen Ellman’s follow up book to Cashing in on Covered Calls. He had a number of request for his exit strategies for managing covered calls. He rights in basic language that is very readable. This is an excellent book on management techniques.
- Lynch, P. (1993) Beating the Street. Fireside. New York NY
ISBN 0-0671-75915-9
This is written by the mutual fund manager of Fidelity Magellan during the 80’s. He grew Magellan at a 20% growth rate for years and this is a follow up book for his first book One Up on Wall Street. He likes a company’s story when investing. A company with a great story can have the stock grow 10 fold over a number of years.
- Duval, B. & Duval, B. (2015). Earn 5 to 10% Monthly Selling Options: Specific Step-by-Step Wealth Building System
BLOCKER PUBLISHING. Dallas, TX
ISBN 978-0983021537
This book has a system for writing covered calls and credit spreads. It’s a step by step guide from stock selection and the application of these strategies. Boyce sells a lot of bull credit put spreads to generate income. This is a superb book to generate monthly income.
- Graham, S. (2016) Options Trading for Massive Gains, Stocks for Rent Covered Call Trading System.
ISBN 978-1534716803
This was a great book with many examples and charts. It also has a breakdown of executing a trade. This explains the covered call in basic everyday language - Kratter, M. (2015). Covered Calls Made Easy: Generate Monthly Cash Flow by Selling Options
Little Cash Machines, LLC. Trader.University.com
Matthew has produced a quick read on covered calls. He recommends using large companies with long track records. This was an inexpensive book and I finished it in 2 nights.
- Lowell, L. (2007) Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor. John Wiley & Sons, Inc. Hoboken, NY
In this book Lee describes his key strategies he used for his own account at a pit trader at the New York Mercantile Exchange. This is a technical read describing naked option selling, option spreads, and covered calls. I did find it interesting to note that the stock charts used in the book only had RSI as a technical indicator
- Hooper, J. & Zalewski, A. (2007). Covered Calls and LEAPS, A Wealth Option, A Guide for Generating Extraordinary Monthy Income
John Wiley & Sons, Inc, Hoboken, NJ
ISBN-13 978-04-470-04470-4
ISBN-10 0-479-04470-5
They have an interesting take on writing covered calls. The strategy is to be called out of your position as quickly as possible, but if the trade was unsuccessful you still have an asset for continuing to generate income. They never take a loss and have management techniques to maximize monthly income on the stocks that you own. There is a DVD of a couple of seminars presented by some top students. This book and DVD is worth the cost and I’ve read it several times.
- Hooper, J. & Zalewski, A. & Watanabe, E. (2013). Advanced Charting Techniques for High Probability Trading, The Most Accurate and Predictive Charting Method Ever Created
John Wiley & Sons, Inc, Hoboken, NJ
This is a companion book for Covered Calls and LEAPS, A Wealth Option and goes in depth in to charting. The company CompoundStockEarnings.com (CSE) has proprietary charting software to help determine entries and exits. This book was an interesting read and I have learned new ways for reading charts.