Life Changing Books

[amitrandive]

I bought this book last week from flipkart, really understood the importance of savings even though its a small percentage of our income, saving atleast 10% of earnings is a must and most importantly we should learn to make money from that 10% of savings. :thumb::thumb::thumb:

I feel very Happy today that Cubt purchased the book and he is really benefiting from this book.
:clapping::clapping::clapping:

This is the actual intention of running this thread.

A single idea can change our lives

What a simple and important lesson this book teaches us!!!

 

[Cubt]

Cubt





Thanks for your appreciation!!!


Will surely post books about traders and their lives.Think I already posted books of Jesse Livermore and Nicholas Darvas.

yeah, i have already read those books.. Pls update any other books..

 

[sachin928111]

the most intresting book i read so far is "swarnim bachpan" based on oshos childhood days.can u imagine a child 8 or 9 yr old is complaining alone against his teacher who is so powerfull b4 him to head of muncipality and to police commissioner. great book must read:thumb:

 

[manishchan]

the most intresting book i read so far is "swarnim bachpan" based on oshos childhood days.can u imagine a child 8 or 9 yr old is complaining alone against his teacher who is so powerfull b4 him to head of muncipality and to police commissioner. great book must read:thumb:

Please post some link with poster if possible.

 

[rkkarnani]

Please post some link with poster if possible.

http://oshoworldgalleria.com/swarnim-bachpan#.U1cCw_mSwpk

 

[amitrandive]

yeah, i have already read those books.. Pls update any other books..

Yes,will surely post Traders biographies and books related to Markets and general Finance.

 

[amitrandive]

Pit Bull: Lessons from Wall Street's Champion Day Trader
by Martin Schwartz (Author)
http://www.amazon.com/gp/product/08...ASIN=0887309569&linkCode=as2&tag=thebclblo-20

After working several years in what he considered to be a dead-end job as a financial analyst at E.F. Hutton, Schwartz quit the firm, accumulated a nest egg of $100,000 and on August 13, 1979, bought a seat on the American Stock Exchange where he began trading stocks, options and futures. He quickly became an expert at trading S&P futures, and in his first full year as an independent trader made $600,000 and a year later earned $1.2 million. Schwartz's style was to get in and out of positions in a hurry; he rarely held on to any financial instrument for more than a day. As his success on Wall Street grew, he began his own fund in which he would manage other people's money as well as his own, a move he would regret. The stress of running the fund contributed to his developing pericarditis, which nearly killed him.

His doctors advised him to slow down his lifestyle, so at the age of 48, Schwartz, along with his wife and two children, moved to Florida where he took up golf and developed a daily routine that allowed him to keep trading, but at a more relaxed pace. This is one of those rare autobiographies where the subject unintentionally portrays himself in an unfavorable light. As he grew ever richer, Schwartz became consumed with generating even more money and prestige so that he could "run with the top dogs." Inadvertently, he has written a cautionary tale on the dangers of being addicted to money and power.

My View:This book shows how Martin uses nerves of steel to make his millions ,but he also realizes the cost of family and health and then tries to balance everything to live a satisfied life.

 

[manishchan]

Man,

This is really an awesome thread. Really appreciate your time and efforts to share the info. Please keep sharing, if there is any autobiography about trades, please post that as well.

yeah, i have already read those books.. Pls update any other books..

Cubt : Since, you are an experienced trader, I assume you have read "Stock Market Wizard" by Jack Schwager too. If you havn't, then it is a great book about life of many traders. Not exactly biographies but interviews on how they became successful traders and the journey etc.

http://www.amazon.in/Stock-Market-Wizards-Interviews-Americas/dp/0066620597

Product Description
About the Author

Jack Schwager is a managing director and principal of The Fortune Group, an alternative asset management firm regulated in the UK and the United States. Schwager is the Senior Portfolio manager for Fortune's Market Wizards Funds of Funds, a broadly diversified series of institutional hedge fund portfolios. He also serves on the board of Fortune's research affiliate Global Fund Analysis, a leading source of independent hedge fund research. His prior experience includes 22 years as the director of futures research for some of Wall Street's leading firms and 10 years as the co-principal of a commodity trading advisory firm.

Mr. Schwager is perhaps best known as the author of the best-selling Market Wizards (1989), and the equally popular The New Market Wizards (1992). A third volume in this series, Stock Market Wizards, published by HarperCollins, was released in early 2001. Mr. Schwager's first book, A Complete Guide to the Futures Markets, which was published in 1984, is considered to be one of the classic reference works in the field. More than a decade later he revised and expanded this original work into the three-volume series, Schwager on Futures, consisting of the following titles: Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading: Myths and Truths (1996). He is also the author of Getting Started in Technical Analysis (1999), which is part of John Wiley's popular "Getting Started" series.

Mr. Schwager is a frequent seminar speaker and has lectured on a range of analytical topics with particular focus on the characteristics of great traders, hedge fund investment, performance measurement, technical analysis, and trading system evaluation. He holds a B.A. in Economics from Brooklyn College and an M.A. in Economics from Brown University.

 

[Tlahuicole]

Pit Bull: Lessons from Wall Street's Champion Day Trader
by Martin Schwartz (Author)
http://www.amazon.com/gp/product/08...ASIN=0887309569&linkCode=as2&tag=thebclblo-20

After working several years in what he considered to be a dead-end job as a financial analyst at E.F. Hutton, Schwartz quit the firm, accumulated a nest egg of $100,000 and on August 13, 1979, bought a seat on the American Stock Exchange where he began trading stocks, options and futures. He quickly became an expert at trading S&P futures, and in his first full year as an independent trader made $600,000 and a year later earned $1.2 million. Schwartz's style was to get in and out of positions in a hurry; he rarely held on to any financial instrument for more than a day. As his success on Wall Street grew, he began his own fund in which he would manage other people's money as well as his own, a move he would regret. The stress of running the fund contributed to his developing pericarditis, which nearly killed him.

His doctors advised him to slow down his lifestyle, so at the age of 48, Schwartz, along with his wife and two children, moved to Florida where he took up golf and developed a daily routine that allowed him to keep trading, but at a more relaxed pace. This is one of those rare autobiographies where the subject unintentionally portrays himself in an unfavorable light. As he grew ever richer, Schwartz became consumed with generating even more money and prestige so that he could "run with the top dogs." Inadvertently, he has written a cautionary tale on the dangers of being addicted to money and power.

My View:This book shows how Martin uses nerves of steel to make his millions ,but he also realizes the cost of family and health and then tries to balance everything to live a satisfied life.

This guy Martin Schwartz was able to get consistently 25% returns from 100000$ account for 30 months, as per Jack Schwager's statement.

 

[jamit_05]

After working several years in what he considered to be a dead-end job as a financial analyst at E.F. Hutton, Schwartz quit the firm, accumulated a nest egg of $100,000 and on August 13, 1979, bought a seat on the American Stock Exchange where he began trading stocks, options and futures. He quickly became an expert at trading S&P futures, and in his first full year as an independent trader made $600,000 and a year later earned $1.2 million. Schwartz's style was to get in and out of positions in a hurry; he rarely held on to any financial instrument for more than a day. As his success on Wall Street grew, he began his own fund in which he would manage other people's money as well as his own, a move he would regret. The stress of running the fund contributed to his developing pericarditis, which nearly killed him.

His doctors advised him to slow down his lifestyle, so at the age of 48, Schwartz, along with his wife and two children, moved to Florida where he took up golf and developed a daily routine that allowed him to keep trading, but at a more relaxed pace. This is one of those rare autobiographies where the subject unintentionally portrays himself in an unfavorable light. As he grew ever richer, Schwartz became consumed with generating even more money and prestige so that he could "run with the top dogs." Inadvertently, he has written a cautionary tale on the dangers of being addicted to money and power.

My View:This book shows how Martin uses nerves of steel to make his millions ,but he also realizes the cost of family and health and then tries to balance everything to live a satisfied life.

As a trader starts his career, he works for money. He applies all his faculties to generate wealth. But, after reaching a point, he must apply his mind to reverse the roles; he must make money work for him.