Sinewave Securities

A short, sweet and simple read of less than 150 pages covering the journey of Nicolas Darvas, how back in 1950s he made $ 2000000 from the stock market. It does not give you any secret sauce to succeed but provides the mindset and discipline to become a successful trader. He received the stocks of Brilund after performing in a nightclub and earned a few quick bucks which attracted him towards the stock markets. From thereon he got that fascination and perceived markets as some quick buck printing machine. The book is divided into 10 chapters each showing a significant phase from his trading journey, Chapter 1 covers from being a newbie relying on brokers tip and running behind the “next big thing” to losing a significant portion of his capital. In Chapter 2, how he got to learn some of the basics about the market terminologies, filtering out information, filtering out stocks on the basis of “fundamentals”. He made his own rules after some reading like never follow advisory services...

  Trading in the Zone  Trading in the zone by Mark Douglas is one of the most prominent book which covers trading psychology, systematic trading, trading rules, trade setup etc which helps in wholistic development of any trader or someone who aspires to be speculator. As the preface quotes-Mastering the market with confidence, discipline and a winning attitude, the book highlights what it takes to be consistently profitable, thinking in probabilities, defining your edge and ultimately getting in that ZONE. Chapter 1   It introduces you to basic stock market terms like fundamental analysis, technical analysis and mental analysis and each of its importance in the market. On technical analysis-"Individuals develop behavior patterns and a group of individuals, interacting with one another on consistent basis, form collective behavior patterns. These behavior patterns are observable and quantifiable, and they repeat themselves with statistical reliability." Further the chapter...

Reminiscences of Stock Operator :What to do, what not to do Edwin, trained as mining engineer sums up journey of stock operator is very lucid way. It is one of the most recommended books for speculation and trading psychology. The name of protagonist is Larry Livingstone who narrates his story, how he got in the market to getting losses and making millions from it. I have summarized the chapters and picked out few quotes from each chapter.  Chapter 1 Livingstone starts to narrate his story, how he got the taste of the market by working at quotation office. He observed stocks, compared the behavior of stock from present to historical prices and maintained a written record to get accurate probabilities.  Livingstone tells how sugar was manipulated by brokers and agents on the expense of cronies rigged by the agent. "Whatever happened in stock market today has happened before and will happen in future again". "Your business with the tape is now, the reason can wait b...