Welcome back to the blog! It is time for another DiaryOfAFinanceKid book club recommendation but in this blog post I am going to summarise and share all of the book reviews and recommendations I have written this year. It is coming up to Christmas and if you are a trader or interested in the financial markets then these could be good present ideas for yourself or someone else.
Click on the title or image for any of the books listed below to purchase via Amazon.
January 2020 – Thinking, Fast and Slow by Daniel Kahnemman.
Thinking, fast and slow is a philosophical book written by Nobel prize winning economist and it explains the theories behind why we behave like we do. It is a real eye opener and a fascinating read because it shows you how your own mind tricks you on a regular basis.
Trade What You See is a very simple yet informative book that explain one of the most primitive ut widely used methods of trading the financial markets – pattern recognition. Larry Pesavento is a veteran market trader and has seen more market action than most of us combined, I therefore believe he is definitely qualified to teach trading techniques.
This book is written as a fictional story detailing the life and career of Larry Livingstone although it is strongly suggested that the book is based on the life of legendary trader and investor Jesse Livermore. Livermore is infamous for making a fortune during the 1929 stock market crash only to lose it all within the next 10 years.
Written by Maneet Ahuja, the hedge fund industry insider, The Alpha Masters brings the secretive world of hedge funds into the light of day for the first time. As the authority that the biggest names in the business, including John Paulson, David Tepper, and Bill Ackman, go to before breaking major news, Ahuja has access to the innermost workings of the hedge fund industry. For the first time, in Alpha Masters, Ahuja provides both institutional and savvy private investors with tangible, analytical insight into the psychology of the trade, the strategies and investment criteria serious money managers use to determine and evaluate their positions, and special guidance on how the reader can replicate this success themselves.
September 2020 – The Options Playbook by Brian Overby.
The Options Playbook was created to demystify option trading and teach investors different option plays for all market conditions. No confusing jargon. No unnecessary mumbo-jumbo. Just clear, easy-to-understand explanations of more than 40 of the most popular option strategies broken down into a play-by-play format.
This book is about trading, the people who trade securities and contracts, the marketplaces where they trade, and the rules that govern it. Readers will learn about investors, brokers, dealers, arbitrageurs, retail traders, day traders, rogue traders, and gamblers; exchanges, boards of trade, dealer networks, ECNs (electronic communications networks), crossing markets, and pink sheets.
I have not decided if I am going to write one final book recommendation for 2020 next month but if I don’t I will certainly be continuing with it as a regular blog feature in 2021!