A recommended read for amateurs as well as experienced traders. You'll also investments and they work ways on avoiding the 21 most common investor mistakes. A variety of books can help traders take steps toward mastering their psychology from an investment perspective. Daniel Jeffries September 7. Excellent emphasis on identifying and entering established trends, riding them carefully and sticking to that plan. Although many other books have since been published best trading books to read this subject, Douglas' book is still considered a "must read" classic text on trading psychology. While Way of the Turtle is more about the emotional journey, Covel focuses on their mechanical trading system, which is a basically a heuristic rule set designed to take the emotions out of trading and put statistics to work in your favor over the long run. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Hackernoon Newsletter curates great stories by real tech professionals Get solid gold sent to your inbox. Daniel Jeffries July Daniel Jeffries December Several important issues are addressed by the author including the reward to risk multiples and offers guidance to help a trader personalize virtually any strategy and achieve better results. Please Leave a Comment Cancel reply Business return address stamp with logo email address will not be published. An interesting, though perhaps not profitable, narrative of how Wall Street works. Some trading books can glaze over basic, yet important, concepts because the author assumes that it is too best trading books to read to include. Whilst many books sing about the potential riches, Josh DiPetrio emphasises day trading is not a get rich quick scheme. Back to Top. Related Articles.