Day Trading Books
Whether you’re looking for free day trading books, audiobooks on day trading, or in-depth day trading strategy, DayTradeFEED.com has you covered.
The following day trading books and other resources (free day trading books, audiobooks, etc) are recommended by DayTradeFEED.com’s editors. While these books will help any trader, keep in mind that results always vary and there is no one-system-fits-all solution to day trading.
Market Mind Games:
A Radical Psychology of Investing, Trading and Risk
Denise Shull, MA
Summary: In day trading, emotion can be a killer. Self-discipline and the way you react when a trade goes against you is key to a successful strategy. Market Mind Game, author Denise Shull teaches day traders to instead harness their trading emotion instead of trying to restrain it.
The Psychology of Trading:
Tools and Techniques for Minding the Markets
Brett N. Steenbarger, PhD
Victor Niederhoffer, Chief Speculator, Manchester Investments:
“The one, only, and by far the best book synthesizing psychology and investing. In addition to providing modern, scientific knowledge about psychology, this book provides a mirror into the mind and wide breadth of knowledge of one of the leading practitioners of brief and effectual cures. Will help to cure your trading and your life.”
Linda Raschke, President, LBRGroup, Inc.:
“How refreshing! A book that rises above the old NLP model of the 80’s and provides insights on how our relationship with the market is indeed a very personal one. Not only has Steenbarger provided some fantastic tools for the trader to transform his mindset, but he has contributed unique trading ideas as well. Brilliant!”
Yale Hirsch, The Hirsch Organization Inc., Editor, The Stock Trader’s Almanac:
“‘Investigate, before you invest’ was for many years the slogan of the New York Stock Exchange. I always thought a better one would be, ‘Investigate YOURSELF, before you invest.’ The Psychology of Trading should help you increase your annual investment rate of return. Mandatory reading for anyone intending to earn a livelihood through trading.
Jon Markman, Managing Editor, CNBC on MSN Money:
“This highly readable, highly educational, and highly entertaining book will teach you as much about yourself as about trading. It’s Oliver Sacks meets Mr. Market-extraordinary tales of ordinary professionals and individuals with investment disorders, and how they successfully overcame them. It is a must-read both for private investors who have been shell-shocked in the bear market and want to learn how to start again, as well as for pros who seek an extra edge from extra inner knowledge. Steenbarger’s personal voyage into the mind of the market is destined to become a classic.”
Laurel Kenner, CNBC.com Columnist, Author, Practical Speculation:
“Dr. Steenbarger’s fascinating, highly readable blend of practical insights from his dual careers as a brilliant psychologist and trader will benefit every investor; knowing oneself is as important as knowing the market.
Trade Like a Casino
Find your edge, manage risk, and win like the house.
Richard L. Weissman
Summary: We’ve already said no trading system fits an individual perfectly. Everyone who gets into day trading needs to find their own system that works for them. However, there are certain common practices and characteristics that successful day traders all share. In Trade Like a Casino, author Richard L. Weissman goes over these common characteristics, explores how to account for being wrong on a trade, and discusses how to formulate an effective trading strategy while weighing all your options.
A Random Walk Down Wall Street
The time-tested strategy for successful investing.
Burton G. Malkiel
Summary: With over 1.5 million copies sold, A Random Walk Down Wall Street by Burton G. Malkiel is one of the best investment guides money can buy. This 11th edition includes updated information on exchange-traded funds, investment options in new/emerging markets and “smart beta” funds.
Pit Bull
Lessons from Wall Street’s Champion Trader
Martin Schwartz
Summary: Author Martin Schwartz began as a fundamental analyst before realizing he needed to change up his strategy if he wanted to make money day trading. After including technical analysis into his trading, he was able to make $1.8 million in his first two years. This eventually led to the nickname “Pit Bull.” Learn more by clicking the link above.