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The Books / Research Papers On My Trading Desk

Author: Sheldon McIntyre (info)
Website: http://profilingleadership.typepad.com/my_weblog/
Posted: March 20th, 2007 at 1:51 pm EST
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Here is some literature that I consider to be valuable to any trader.  I was inspired by my co-author James Brumley. 

#1 “How To Make Money In Stocks” (Third Edition) - William J. O’Neil

This was the first book on trading that I ever read (at the time it was the 1st edition).  In my opinion I could not have stumbled upon a better book to begin my foray into trading.  The book is probably best known for the CANSLIM methodology breakdown, but the chapters on selling are the key to the book.  Overall, the book has served as the foundation for my trading over the last decade and I still read it on a regular basis.

#2 “How To Make Money Selling Stocks Short” - William J. O’Neil

It was nice to see O’Neil come out with a definitive book on short selling.  To date there are not a lot of books on short selling and most do not offer a solid methodology for shorting.

#3 “The Mental Edge: Maxmize Your Sports Potential With The Mind-Body Connection” - Kenneth Baum

The similarities between trading and sports are endless.  This book provides some great tools for reaching peak performance that can be applied to trading.  I encourage traders to step outside the trading world to find alternative techniques and perspectives on maximizing your potential.  Also look at “Meditations” by Marcos Aurelius for some personal philosophy insight.

#4 “Market Wizards: Interviews With Top Traders” - Jack D. Schwager

All the Market Wizard books provide some interesting reading, but the traders in this book are the pioneers of contemporary trading.  The insights into the capital markets provided by these men are timeless. 

#5 “Superperformance Stocks” - Richard S. Love

This is a book that did not get much acclaim when it was written, because it was published in the 1970’s when the stock market was not a mainstay on the minds of the general public.  However, Love offers some very good insight and statistics on the fate of leading stocks after they top.  He also provides some basic criteria for selecting top performing stocks.

  #6 “Finding The Next SuperStock” - Frank A. Cappiello

This book is a nice compliment to the books of O’Neil and Love.  It provides criteria for selecting leading stocks and goes into some detail on analyzing the health of a company.

#7 “Selecting Superior Securities” - Marc R. Reinganum

This is a research paper that was partially funded by William O’Neil back in the 1980’s that studies 222 top performing stocks during the 1970-1983 period.  The conclusions of the paper are critical to my screening processes today. 

#8 “How Charts Can Help You In The Stock Market” - William L. Jiler

There are literally 1000’s of books dealing with chart analysis, but often they only confuse traders.  In this book, Jiler provides a straightforward approach to chart analysis that is accessible to the new trader and valuable to the experienced market practitioner.

#9 “Secrets For Profiting In Bull And Bear Markets” - Stan Weinstein

 A great read.  It covers everything in the investment process.  This is a must read for the beginning trader.

I have a few more books that populate my desk, but the books listed above have been crucial to my investment success and longevity. 

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