1. Atomic Habits – James Clear
  2. The Great Mental Models – Shane Parrish
  3. Super Trader – Van Tharp
  4. Best Loser Wins – Tom Hougaard
  5. Trading in the Zone – Mark Douglas
  6. Reading Price Charts Bar by Bar – Al Brooks
  7. Encyclopedia of Candlestick Charts – Thomas Bulkowski
  8. Market Wizards – Jack Schwager
  9. Trade Stocks and Commodities with the Insiders – Larry Williams
  10. The Wyckoff Methodology – Ruben Villahermosa

Make Consistent Profits in Good and Bad Markets

Dr. Tharp’s book, Super Trader: Make Consistent Profits in Good and Bad Markets, is broken down into the five integral parts of successful trading to help you produce consistent, above-average trading profits under various market conditions.

Part 1, Working on Yourself:

Your beliefs shape you. One of the critical aspects of self-work is examining your beliefs to determine whether they are useful. This section of the book takes you through assessing your beliefs and how to change the beliefs that limit you.

Part 2, Developing a Business Plan:

Your trading business plan should include your beliefs about the big picture and strategies that work with those beliefs, the systems that make up your business, and a worst-case contingency plan. This section of Super Trader will help you create a successful plan based on your objectives and beliefs. This document will be your assistant throughout your trading career; it will become a working document that you’ll want to refer to often.

Part 3, Develop Trading Strategies That Work in Various Conditions:

It’s not that hard to develop a good strategy for any particular market condition. For example, during the roaring bull market in technology stocks, in the late 1990s, it was easy to buy high tech stocks and just hold on. But that strategy stopped working in 2000. And that’s what happens with most strategies: they stop working when market conditions change, but people keep on trading them. In this section, you will learn about how to read the market and design strategies that work under the current market conditions. You’ll also learn how to develop strategies that fit each of the six different market types.

Part 4, Understand How to Meet Your Objectives:

Your trading system has nothing to do with meeting your objectives. Instead, it has everything to do with determining how easy it is to achieve your objectives. What most people don’t realize, including most professionals, is that you meet your objectives through position sizing™ strategies. In Part 4, you’ll learn the position sizing basics, as well as position sizing methods you can use in your trading right now.

Part 5, Taking Steps to Minimize Your Mistakes:

If you have followed the first four parts of the book, you will have rules to guide your trading, and you’ll be confident that you’ll make money if you follow those rules. We define a mistake as “not following those rules.” Thus, it is only through making mistakes that you’ll fail to make healthy profits. Repeating the same mistake over and over amounts to self-sabotage.

Learn to determine what mistakes you make, how much they cost you in real trading profits, and how to avoid repeating those mistakes to minimize their impact on your bottom line.