[windsurfer]

The book review section is not being used. There are all sorts of books on trading, but most contain just general advice and rarely show a backtested system that I have then successfully implemented. I have read over 100 books, but have only found about 5 books that have done this- mostly in the options trading area. My question is:

What books have you read that gave you a system or method that you then implemented and are still using to make $?

Bruce

[TheDude]

the book is now out of print, so its pointless me telling you the name or the author. all i will say is that the book contained a system that included the indicator settings and money management rules. it even told you exactly where to place your stops. following the rules in the book was so easy. i still use the system today and am making millions.

who ever thought trading would be as easy as finding a set of rules in a book to make so much money. trading is like following a recipe. easy.

[windsurfer]

Nice sarcasm, Dude.

It is frustrating reading so many books that just repeat the same old BS. But some do change behavior. For example. I read Cordier and Gross's 2005 book with the misleading title of The Complete Guide to Option Selling. The title is misleading because is not "complete"- it only deals with commodities and I had no interest in them when I bought it. And it is too focused on trying to get customers for the author's company. (Of course, that's why they wrote it). But after I read it, I starting researching commodities, then tried some of the type of trades they discuss. And now- the majority of my income is derived from commodity option trades.

I definitely do NOT recommend this book for others- you need a lot of capital and patience, an understanding of option pricing and good software (I use OptionVue).. But, that book is the kind of example I was looking for when I started the thread- a book that changed your trading.

[SIUYA]

unfortunately a lot of books only become books when they get fluffed out enough to become a book. Systems dont take a book to be divulged.
The classic of this is the turtle trading system.

The same old BS that gets trotted out is also often not BS- more often than not its ignored even though it works.....funny that.

One I liked was ""Trading systems that worked - Thomas Stridsman""
This will give you a great guideline to start.....
as for a trading system that works all the time with exact parameters to suit everyone that can be put into a book and sold that everyone thinks is the holy grail - ---- dream on.

[windsurfer]

I agree, Siuya. The Stridsman book was helpful for me when I was first trying to build TS systems. I found the title misleading- it should have been "How to build and evaluate systems" rather than "systems that work."

Thanks for the reminder! (I think it is time to re-read it).

[pbylina]

My favourite book is "The Order Book". And also "Tape" is a good read.

[bobcollett]

Dear Windsurfer
You ask a most interesting question"What book has helped in your trading that you still use today?"
The replies are indeed minimal.Either nobody reads , or the books they read dont make lasting profits.
e= mc2 is quite simple
The speed of light squared is such a big number, you require a very small mass to give you a huge amount of energy. Now go and make an atomic bomb. Of course you cant!!
Just like all these trading books wont make you a trader.They are simply a guide
Let me offer another example
"How to learn French in 20 leassons"After many months of diligent study you go to Paris and ask"Where is the metro" in french
The frenchman wil tell you to get lost.He wont understand your accent.
You need a teacher / guide / mentor to help you.
Just like in learning to trade. You need a mentor, and this mentor does not include the $5000 type
Hes a friend/ colleague who looks over your shoulder and corrects your actions. And until you get this type of help, you will not make a living.
For the sake of completeness I offfer Brooks "Reading price charts bar by bar". It helped
Kind regards
bobcollett

[clmacdougall]

Originally Posted by pbylina »

My favourite book is "The Order Book". And also "Tape" is a good read.

Who wrote ,"The Order Book," ? Thanks