Top 5 Books on Stock Market [For Indian Traders]

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VRDNation

VRDNation

Күн бұрын

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In this very engaging video, VRD Sir takes you through the top 5 books every budding trader must read.
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TRANSCRIPT
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In this article, we’re gonna talk about 5 books that every trader must read.
Now, these books are not “nice to haves” or one of those that you would read during the next vacation.
No. These are mandatory textbooks for you, if you are a serious trader. And you have to read them with the same rigor with which you read back in your school days. Unfortunately, I read some of these books later in my trading career. I wonder how much time and money I would have saved had I read these books earlier.
Alright, let’s dive into the list.
1 “TRADING IN THE ZONE” by Mark Douglas
This is by far one of the best books on trading. And it’s ideal for beginners because it’s written in a very easy to understand language.
It covers a lot of ground, for example:
-It explains why consistency is more important than being right.
Why it’s important to take full responsibility of all the trades the good, the bad and especially the ugly. Believe me, it’s hard.
-Why our perception of the market and ourselves matter
-How to develop understanding and appreciation of risk management.
-And how to find your edge
#2 "MARKET WIZARDS" by Jack Swagger
Jack Swagger interviews some of the world’s savviest and most high-profile traders and what comes out is a non-stop stream of wisdom and insights.
Here are some of the gems:
“I have two basic rules about winning in trading as well as in life: (1) If you don’t bet, you can’t win. (2) If you lose all your chips, you can’t bet. In other words, finding that middle ground between greed and fear.
I don’t think you can consistently be a winning trader if you’re banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time. Win big lose small.
#3 "THINKING FAST AND SLOW" by Daniel Kahneman
Technically speaking, it is not a trading book. It is actually a book about inner workings of the brain.
The reason it is a must-read is because trading is essentially decision making under pressure and unless we understand how the mind arrives at decisions, we will never be be in full control.
The book is written by Nobel Laureate Daniel Kahneman and just loaded with insights. When I started reading the book, I thought of highlighting the important points. After 3 or 4 pages it became obvious that if I keep doing that the whole book had to be highlighted- it is that good.
#4 "TRADING FOR A LIVING" by Dr. Alexander Elder
Dr. Elder’s book is broadly recognized as a practical guide of getting started with trading. He is an actual doctor by the way. HE Worked as a Psychiatrist in New York and then taught at Colombia university.
He talks about 3 Ms: Mind, Method and Money and how they influence each other.
Not just psychology, in this book, we also learn about techniques like “Elder ray”, development of a trading system, understanding crowd mentality, spotting high probability trades etc.
A lot of good stuff!
#5 “REMINISCENCES OF A STOCK OPERATOR" by Jesse Livermore
This book was published almost 100 years back but still the most popular book among professional traders. Jesse Livermore was a high-stake trader who made and lost his fortunes several times in the stock market.
His story is amazing and every word coming out of this book is pure gold.

Пікірлер: 87
@VRDNation
@VRDNation 2 жыл бұрын
Don't forget to subscribe to our New Channel for more real-life trades and deeper insights into the world of trading: kzbin.info/door/rAEUt-BYT-WbxF_pdcmzkA
@bhaveshsharma6311
@bhaveshsharma6311 4 жыл бұрын
1) trading in the zone 2)market wizard 3) thinking fast & slow 4) trading for a living 5 ) reminisces of stock operator
@krishnagoku8002
@krishnagoku8002 3 жыл бұрын
Hello Brother, there is many books under Market Wizards, which one I should start with.
@ansiltimothy2548
@ansiltimothy2548 3 жыл бұрын
@@krishnagoku8002 market wizard interviews with top trader
@adityaf17
@adityaf17 2 жыл бұрын
You knew that
@sanketwagh7768
@sanketwagh7768 3 жыл бұрын
Gonna Binge watch all of his videos soon. His voice and his honesty is appealing :) . Keep up the good work . This will be one of the best trading channels in the years too come.
@shashank5068
@shashank5068 4 жыл бұрын
thanks a lot bhayya.........one of the best channel in the youtube for indians
@adityapatnaik6079
@adityapatnaik6079 3 жыл бұрын
you are a genuine guy !
@drankurbaruah
@drankurbaruah 3 жыл бұрын
Thank you so much.. Love and regards.
@gbjajot
@gbjajot 3 жыл бұрын
Thank you so much. Love your way of expression 👍
@RamAditya4774
@RamAditya4774 4 жыл бұрын
Thank you 🌹 19th February 2020✔️
@hakunamatata7097
@hakunamatata7097 3 жыл бұрын
I think you should also write one book. You already have a lot of practical experience in the stock market. Your videos are also easy to understand for novice traders like me. Please consider it as it will be an extremely useful book for Indian traders. I don't find many useful books for Indian traders that are written by Indian authors yet.
@biswajitshil2662
@biswajitshil2662 3 жыл бұрын
1.Mark daglar - trading in the zone 2.jack swiger - market wizerd 3.daniel karnamen- thinking fast and slow 4.-law of small numbers 5.dr. Alexander lander- trading for a living 6. Reminisces of a stock operator-Jessy livermore
@rohinthakur9995
@rohinthakur9995 2 жыл бұрын
A GOOD DAY TRADING SYSTEM written by a well known indian research analyst Rohin Thakur, is one of the best books written ever on day trading.
@vijaykar1000
@vijaykar1000 2 жыл бұрын
Thanks sir, I have 2 of them but yet to finish, but definitely finish ASAP
@priyakamath886
@priyakamath886 2 жыл бұрын
Thank you very much for your help for these books. We did not know which books We should read on trading. Your confidance Gives confidance to think and trade. God bless you.
@panchasanguparakalarajan8948
@panchasanguparakalarajan8948 2 жыл бұрын
Thank you sir for sharing this with us.
@drkmgiri
@drkmgiri 4 жыл бұрын
Thank you sir. Read all but one.
@vedamurthyvedanayagam4641
@vedamurthyvedanayagam4641 3 жыл бұрын
Sir THINKING FAST AND SLOW the book I can read only slowly.. more particularly with a dictionary. No doubt it has more insights. Thank you for your suggestions
@Jigsaw_-ug2yn
@Jigsaw_-ug2yn 3 жыл бұрын
Most honest and true channel. I thanks KZbin for finding you
@bihargondaliya9069
@bihargondaliya9069 3 жыл бұрын
P
@SaiKrishna-sk5cd
@SaiKrishna-sk5cd 3 жыл бұрын
Gud trying bro for this videos
@gourangasardar5559
@gourangasardar5559 4 жыл бұрын
Thank u Sir.
@kalyankrishna19
@kalyankrishna19 5 жыл бұрын
Thanks for books suggestion Plz do video on Jessi livemore
@prosperouslife8866
@prosperouslife8866 4 жыл бұрын
Thank you for the valuable content sir! You have inspired me to create similar videos on stock market trading and investing in order to help others with their own personal investment journey. I hope I can provide valuable knowledge to others, god bless! ✅😃🙏🏻
@keerthiegodage4343
@keerthiegodage4343 3 жыл бұрын
Definitely you will. Good luck.
@siddharth_vlogs7993
@siddharth_vlogs7993 3 жыл бұрын
Thanks a ton 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻
@marthaiyengar8322
@marthaiyengar8322 3 жыл бұрын
TKU for your recommendations
@sureshkumar-gy1ye
@sureshkumar-gy1ye 3 жыл бұрын
Thanks for books suggestion.
@Nik-tt7of
@Nik-tt7of 2 жыл бұрын
Very nice , thank u
@manjunathdtl1
@manjunathdtl1 3 жыл бұрын
Thank u..
@cartervarghese9919
@cartervarghese9919 4 жыл бұрын
Thank you
@provasmajumder5609
@provasmajumder5609 3 жыл бұрын
Thank you. Thank you thank you
@anmolforu
@anmolforu 3 жыл бұрын
Superb 👍
@vishalnangare31
@vishalnangare31 3 жыл бұрын
Thank you sir,
@darshansingh7013
@darshansingh7013 Жыл бұрын
Excellent books suggestion by you sir
@anilamencherla5681
@anilamencherla5681 3 жыл бұрын
Will do
@hiteshchawla604
@hiteshchawla604 4 жыл бұрын
Can you also share links to buy the books ?
@ankitmeisheri9708
@ankitmeisheri9708 3 жыл бұрын
sir read the book “The autobiography of a stock”.. by manoj arora
@sashikant725
@sashikant725 3 жыл бұрын
I am recently trading the Rosi by j Livermore
@k.karthikraja5071
@k.karthikraja5071 3 жыл бұрын
Which book best for basics
@vsbrotherscreations6048
@vsbrotherscreations6048 3 жыл бұрын
This video is spuer sir
@soundariitd1332
@soundariitd1332 5 ай бұрын
Wonder why you stopped this excellent channel....
@murtidalvi3028
@murtidalvi3028 2 жыл бұрын
Which software use for animation???
@NitinRNtini
@NitinRNtini 3 жыл бұрын
This “Law of small numbers”, is it a book or a concept?
@SaravanaKumar-jk3ji
@SaravanaKumar-jk3ji 3 жыл бұрын
@VRDNation Can you also share book for long term investors
@josephfrancis9009
@josephfrancis9009 4 жыл бұрын
😍😍😍
@pritam9645
@pritam9645 3 жыл бұрын
How to find the market edge??
@Dhananjuly
@Dhananjuly 5 жыл бұрын
For these books you have to put all your profit
@amolwagle1
@amolwagle1 4 жыл бұрын
Can you also explain basics of trading like swing trading, positional trading etc ?
@VRDNation
@VRDNation 4 жыл бұрын
You can join the free 7 day online course for beginners and it has all these concepts covered👍, Learn here now: www.vrdnation.com/free-training
@rajnishojha8359
@rajnishojha8359 4 жыл бұрын
Bhai ye beginners ke liye bhi hai kya? Or beginners se mtlb hai Mera zero level se?
@rajnishojha8359
@rajnishojha8359 4 жыл бұрын
......!!!!????
@drand1millionotherpeopleha513
@drand1millionotherpeopleha513 3 жыл бұрын
Haa
@darshanabhuyan5896
@darshanabhuyan5896 3 жыл бұрын
Can someone suggest for forex too??
@Rajiv_Musical
@Rajiv_Musical 3 жыл бұрын
Hi , Thanks for the suggestions, do you have any specific reason why you have not added "The Intelligent Investor" by Benjamin Graham in your list? Just curious to know your view on this book, if u read through.
@sreeramoffcl
@sreeramoffcl 3 жыл бұрын
Maybe because it is an investing book not a trading one.
@drkmgiri
@drkmgiri 4 жыл бұрын
Read all the books except think slow and fast.
@jothiramalingam8476
@jothiramalingam8476 3 жыл бұрын
What about intelligent investor sir?
@adamzoubi96
@adamzoubi96 Жыл бұрын
do i have to be indian to read the books or buy the course?
@abhijeetbhanje8102
@abhijeetbhanje8102 5 жыл бұрын
Sir what about the intelligent investor by Benjamin Graham. How is that book for Indian traders
@VRDNation
@VRDNation 5 жыл бұрын
It's a very good book for investors, but not so much for traders. We are also making similar video on most useful books for investors.
@amanshaikhhhh
@amanshaikhhhh 4 жыл бұрын
Not included Candlestick trading bible?
@neerajghule4199
@neerajghule4199 4 жыл бұрын
Is 'intelligent investor' good??
@sanathnaik3031
@sanathnaik3031 3 жыл бұрын
Yes buddy if you wanna become a value investor.
@krutarthchauhan3544
@krutarthchauhan3544 5 жыл бұрын
Sir, which book i prefer to read first?
@VRDNation
@VRDNation 5 жыл бұрын
The best book to start is 1st in the list i.e.,Trading in the Zone by Mark Douglas .
@krutarthchauhan3544
@krutarthchauhan3544 5 жыл бұрын
Thanks
@jagadeeswarareddy_sathi
@jagadeeswarareddy_sathi 5 жыл бұрын
R u getting profits by reading this book
@drand1millionotherpeopleha513
@drand1millionotherpeopleha513 3 жыл бұрын
@@jagadeeswarareddy_sathi we don't get profits. We get knowledge. Then we apply that knowledge to get profits
@sabaparween8907
@sabaparween8907 4 жыл бұрын
I m still in 🏫
@ritishkumar9401
@ritishkumar9401 3 жыл бұрын
Sir these books r too much expensive...would anyone like to suggest me a bit low budget books plzzzz..
@shivrajakumar2662
@shivrajakumar2662 3 жыл бұрын
Dude just download for free from torrents
@karthiknallathambi5119
@karthiknallathambi5119 3 жыл бұрын
All are free lol
@rajath1964
@rajath1964 3 жыл бұрын
How can you forget Up with Wall Street' by Peter lynch
@VRDNation
@VRDNation 5 жыл бұрын
👉Must watch this video: 😱Why 95% of Indian Traders Lose Money? - kzbin.info/www/bejne/a6iwqmhspcaUn9U
@maiberlinhernandez3008
@maiberlinhernandez3008 4 жыл бұрын
This was great, I been tryin to find out about "top day trading books for beginners" for a while now, and I think this has helped. Have you ever come across - Meyayce Piyathan Plan - (do a search on google ) ? Ive heard some interesting things about it and my colleague got amazing results with it.
@johncenakiwi
@johncenakiwi 3 жыл бұрын
links to the books for Kindle and paperback : 1. Trading in the Zone: amzn.to/2S0ZPcT 2. Market Wizards : amzn.to/3vDViM5 3. Thinking fast & Slow : amzn.to/2R8QNdr 4. TRADING FOR A LIVING: amzn.to/34vSfK1 5. Reminiscences of a Stock Operator : amzn.to/2SMISTl
@aben4562
@aben4562 4 жыл бұрын
Out of these 5 which book will be good
@VRDNation
@VRDNation 2 жыл бұрын
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@krutarthchauhan3544
@krutarthchauhan3544 5 жыл бұрын
Sir, which book i prefer to read first?
@VRDNation
@VRDNation 5 жыл бұрын
The best book to start is 1st in the list i.e.,Trading in the Zone by Mark Douglas .
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