Spencer Li

My Reading List – Top Trading & Investing Books I have Read Over the Years (Updated 2019)

Top Trading & Investing Books

Here are some of the better books among the 200+ that I have read over the years, so if you want to learn the basics & foundations of trading by yourself, these might come in handy.

However, do note that trading for real is very different from textbook examples. If you are new to trading, you will realise the difference once you start trading.

If you are serious about learning this skill on your own, make sure you finish all these books before you start putting your real money into the market. That was what I did when I started my trading career. This is just the bare minimum, and anything less is likely to end in failure. Even if you finish reading all these books, it is unlikely that you will be able to trade well.

fund trading

There are many things which cannot be learnt from books, such as “market feel”, behavioral analysis, applied price action, and real trading psychology. These can only be learnt by paying “tuition fees” to the market (paper trading or demo trading is a waste of time), or learning from a real trader who has mastered these skills and get them to guide you. Investing in education is a small price to pay to help you avoid the costly mistakes in trading.

Without further ado, here are the list of books:

  • The Secrets of Economic Indicators – Bernard Baumohl
  • Freakonomics – Stephen Dubner & Steven Levitt
  • The Undercover Economist – Tim Harford
  • The Pocketbook of Economic Indicators – Manual Jesus-Backus
  • 
International Economics – Paul R. Krugman
  • Trader Vic – Methods of a Wallstreet Master – Victor Sperando
  • The Trader’s Guide to Key Economic Indicators – Richard Yamarone
  • 
One Up on Wall Street – Peter Lynch, John Rothchild
  • How to Make Money in Stocks – William O’Neil
  • The Alchemy of Finance – George Soros
  • Hot Commodities – Jim Rogers
  • Investment Biker – Jim Rogers
  • Technical Analysis from A to Z – Steve Achelis
  • 
Technical Analysis – Power Tools for Active Investors – Gerald Appel
  • Bollinger on Bollinger Bands – John Bollinger
  • Technical Analysis Demystified: A Self-Teaching Guide – Constance Brown
  • 
All About Technical Analysis : The Easy Way to Get Started – Constance Brown
  • Technical Analysis for the Trading Professional – Constance Brown
  • 
Fibonacci Analysis – Constance Brown
  • Mastering the Trade – John Carter
  • Trend following – Michael W. Covel
  • Trend Commandments – Michael W. Covel
  • The Complete Turtle Trader – Michael W. Covel
  • How I made $2,000,000 in the Stock Market – Nicolas Darvas
  • Understanding RSI – Edward Dobson, Roger Reimer
  • Integrated Pitchfork Analysis – Mircea Dologa
  • 
Technical Analysis of Stock Trends – Robert D. Edwards, John Magee
  • Entries and Exits – Alexander Elder
  • Trading for a Living – Alexander Elder
  • Sell and Sell Short – Alexander Elder
  • Come into my Trading Room – Alexander Elder
  • Way of the Turtle – Curtis Faith
  • Inside the Mind of the Turtles: How the World’s Best Traders Master Risk – Curtis Faith
  • The Master Swing Trader – Alan Farley
  • The Elliot Wave Principle – A. J. Frost, Robert R. Prechter Jr.
  • Truth of the Stock Tape & Wall Street Stock Selector – William D. Gann
  • 45 Years in Wall Street – William D. Gann
  • 
New Stock Trend Detector – William D. Gann
  • How to Make Profits in Commodities – William D. Gann
  • Trend Trading – Daryl Guppy
  • Snapshot Trading – Daryl Guppy
  • New Trading Systems and Methods – Perry Kaufman
  • Breakthroughs in Technical Analysis: New Thinking from the World’s Top Minds – David Keller
  • How to Trade in Stocks – Jesse Livermore
  • Fibonacci and Gann Applications in Financial Markets – George MacLean
  • The W.D. Gann Method of Trading – Gerald Marisch
  • Dynamic Trading – Robert C. Miner
  • High Probability Trading Strategies – Robert C. Miner
  • 
Candlestick Charting Explained – Gregory L. Morris
  • Technical Analysis of the Financial Markets – John J. Murphy
  • Intermarket Technical Analysis – John J. Murphy
  • How to Get Started in Active Trading and Investing – David Nassar
  • Japanese Candlesticks Charting Techniques – Steve Nisson
  • The Candlestick Course – Steve Nisson
  • Beyond Candlesticks: New Japanese Charting Techniques Revealed – Steve Nison
  • Timing the Trade: How Price and Volume Move Markets! – Tom O’Brien
  • The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks – Timothy Ord
  • 
Candlestick and Pivot Point Trading Triggers – John L. Person
  • Technical Analysis Explained – Martin J. Prings
  • The Visual Investor – Martin J. Prings
  • Martin Pring on Price Patterns – Martin J. Prings
  • Dow Theory for the 21st Century – Jack Schannep
  • Trade like Jesse Livermore – Richard Smitten
  • 
The Secret Code of Japanese Candlesticks – Felipe Tudela
  • New Concepts in Technical Trading Systems – J. Welles Wilder
  • Secrets for Profiting in Bull and Bear Markets – Stan Weinstein
  • 
Stock Market Technique, No 1 – Richard D. Wyckoff
  • Stock Market Technique, No 2 – Richard D. Wyckoff
  • Studies in Tape Reading – Richard D. Wyckoff
  • Wall Street Ventures & Adventures Thru 40 Years – Richard D. Wyckoff
  • How I Trade and Invest in Stocks and Bonds – Richard D. Wyckoff
  • R N Elliott’s Masterworks, the Definitive Collection – R. N. Elliott, Robert R., Jr. Prechter
  • Technical Analysis: The Complete Resource for Financial Market Technicians – Charles D.Kirkpatrick II, Julie R. Dahlquist
  • Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds – Nicole Elliott
  • Practical Speculation – Victor Niederhoffer, Laurel Kenner
  • The Wall Street Waltz – Kenneth L. Fisher
  • Stock Market Wizards – Jack D. Schwager
  • The New Market Wizards – Jack D. Schwager
  • Millionaire Traders – Kathy Lien, Boris Schlossberg
  • The Battlefield for Investment Survival – G. M. Loeb
  • Fooled by Randomness – Nassim Nicholas Taleb
The Black Swan – Nassim Nicholas Taleb
  • 
The Education of a Speculator – Victor Niederhoffer
  • Liar’s Poker – Michael Lewis
  • Reading Price Charts Bar by Bar – Al Brooks
  • The Lexus and the Olive Tree – Thomas L. Friedman
  • The World is Flat – Thomas L. Friedman
  • Reminiscences of a Stock Operator – Edwin Lefevre
  • Trading in the Zone – Mark Douglas
  • The Disciplined Trader – Mark Douglas
  • Investment Psychology Explained – Martin J. Prings
  • Irrational Exuberrance – Robert J. Shiller
  • Beyond Greed and Fear – Hersh Shefrin
  • Trading Rules that Work: The 28 Lessons Every Trader Must Master – Jason Alan Jankovsky
  • Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves – Kathy Lien
  • Bird Watching In Lion Country 2010 – Dirk Du Toit
  • Pairs Trading: Quantitative Methods and Analysis – Ganapathy Vidyamurthy
  • Quantitative Equity Portfolio Management – Ludwig B Chincarini, Daehwan Kim
  • Technical Traders Guide to Computer Analysis of Futures Market – Charles Le Beau, David Lucas
  • The Definitive Guide to Point and Figure – Jeremy Du Plessis
  • SteidMayer on Markets: Trading with Market Profile – SteidMayer J. Peter, Steven B. Hawkins
  • Quantitative Trading Systems, Practical Methods for Design, Testing, and Validation – Howard B. Bandy
  • Expert Advisor Programming – Andrew Young
  • Future Trend from Past Cycles – Brian Millard
  • Cloud Charts: Trading Success with the Ichimoku Technique – David Linton

Note: I will continue to add to this list as I discover and read more good books. Feel free to recommend any books not on this list!

Thanks! 😀

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Spencer Li

Understanding Trend vs. Range Market State Transitions

Understanding Trend vs Range Market State Transitions

This is an essential skill required by every aspiring trader. All professional traders definitely know this, for it forms the basis of many setups, and can mean the difference between breezing on the right side of the market, or clenching your fists in anger as the market goes against you.

I am referring to the ability to tell the state of the market.

Besides behavioral analysis, there are some simple price action guidelines that we can use to accurately determine the state of the market. This is important for obvious reasons.

There are 2 basic states of the market – trend or range. As the market shifts between these 2 states, it creates many trading opportunities in the form of setups.

Newbies who attempt to trade by memorising setups while ignoring the underlying structure of the market are heading for the proverbial iceberg. That said, this is just the tip of the iceberg.

This video should provide you an idea of how prices move, and if I have a chance to share more in upcoming seminars next year, I will show how these transitions give rise to the different trading setups that we teach during our training programs.

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Spencer Li

Important Announcement: Facebook Policy Changes

Important Announcement

We’ve been informed by our fans that Facebook has made some changes to FanPages lately, restricting the visibility of posts made by all FanPages like ours. We are now required to pay for the visibility of posted content, even if you have signed up to see these posts by liking our Page. If a post is not promoted, it will be seen by only around 10-15% of the Page’s followers.

How to Continue Receiving Updates

Here are some easy steps to make sure that you don’t miss out on our updates:

1. Go to our page. www.facebook.com/synapsetrading
2. Hover over the ‘Liked’ button and select ‘Get Notifications’ & ‘Show in News Feed’
3. Add us to the ‘Interests List’ in that same drop down menu
4. ‘LIKE’ this post to make sure that your friends, who may not have seen this, know about it!

We’re so grateful for all your support thus far and we look forward to seeing you at our upcoming events!

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Spencer Li

Trading Class | The Synapse Program – Another Batch of Promising Traders!

Last weekend, we concluded another full-house run of the Synapse Program, training another batch of promising new traders, and imparting to them lifelong real trading skills, which we hope they will continue to apply to achieve consistent results in the markets.

Another Batch of Promising Traders

Another Batch of Promising Traders 2

We look forward to seeing all of you participate actively in the discussion forum, and at the upcoming monthly mentoring workshops. Remember, a skill is not learnt overnight, and it takes practice to perfect it. Together, we can avoid the common pitfalls that most beginners struggle with.

Feedback

“The topics covered are very complete and cover all aspects of trading. Spencer is also very knowledgeable and is able to answer all the questions asked.”
– Ivan Tan (PCS Security)

“Content is simple and easy to understand, very useful for novice and even experience traders. One of the best courses in the market, will gladly recommend to other family and friends.”
– Adrian Khwang (Standard Chartered Bank)

“I have known Spencer for several years. He is a passionate trader & very well read in the subject of price action and technical analysis. Definitely someone good to talk to in terms of trading ideas and TA.”
– T.Y. (Proprietary Trader, Propex Derivatives)

“Detailed explanation of the 7 setups!”
– Christopher Chan (Mitsubishi Corporation)

“This is a very good training program for beginner, even for those seasoned traders.”
– Lam Lee Lee (HR Professional)

“”Detailed program which covers full aspects of trading. Good explanation given on the technical aspects of charts. Very friendly and nice trainer.”
– Janice Ong (Student)

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Spencer Li

Shares Investment Guest Article Feature

Shares Investment Guest Article Feature

Recently, I was asked to write a feature article in the “Shares Investment” publication to give an outlook on the Singapore market. As you can briefly see from the chart in the picture, I am expecting a larger correction, which would at least see prices dip below the 3,000 round figure. To find out more, this publication is available at selected bookstores and most news stands.

Shares Investment Guest Article Feature 2

 

According to Investment Trends’ Singapore Broking Report 2011, Shares Investment (Singapore) is the most popular magazine among frequent stock market traders in Singapore. Since july 1995, Shares Investment has been weel-acclaimed by both the investing public and local stock brokers – boasting of more than 30,000 readers every issue.

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