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PureBytes Links
Trading Reference Links
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Let me start this out by saying these are not all-inclusive. I have a
ton of trading books and many of them have intelligent discussions of
good sensible money management ideas. I don't have an affiliation with
any of these people, but I do like what they said or written. Some
people think some of these books are expensive, but I'd remind those
people that these books will cost you less than the slippage on a S&P
contract in a moving market. And much less than a bad trade with poor
money management [Actually, that's redundant. A trade with poor money
management is a poor trade, regardless of the outcome].
I like the Joe Ross' books, but I would always start out by recommending
'Trading Is A Business' and 'Trading By The Book' as the two books of
his that are filled with common sense and overall good trading
practices.
I particularly like a series of audio tapes that Joe DiNapoli released.
They are sold as a course about his fib methodology, but at least half
of the tapes are filled with great money management ideas. Nothing
earth-shattering, but I listen to the tapes that have money management
sessions on them over and over and over and over. Priceless.
I don't know how this one will sit with some people. It's a book called
'Viewpoints of a Commodity Trader' by Roy W. Longstreet. It's more of a
rambling encounter of an old timer and his thoughts on trading, but I
found myself identifying with many of his examples. And when I saw
myself in them, it changed the way I felt about that part of my trading.
I found this book very thought provoking. I don't know if it is in
print.
There is also a small private press book published by Commodities
Corporation. I don't know if it is publicly available. It's: 'Amos
Hostetter; A Successful Speculator's Approach to Commodities Trading'
and it's by Morris Markovitz. Again, I'm sorry if I point this one out
and it isn't available. Might be, might not be. I hope it is available
to everyone to read.
The last material I read and re-read is all the trading material I have
collected by one of the people I consider my mentor in the markets. I
can't point to a book, since I don't know if he published anything other
than the handouts from his seminars and trading courses. But a gentleman
from Memphis named R. Maynard Holt always seemed to have trading advice
for me filled with common sense and good trading techniques. His message
was to always distill the hype and fury down to the simple and just wait
for the trades and take them as they come. And when I trade
successfully, I always find myself saying a silent thank you to Maynard.
I'm sure other folks have books and sources they can add to this list.
If I think of more, I'll add them.
Tim Morge
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