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Top 6 Swing Trading Books for Beginners

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A question I get asked a lot is: “What are your favourite swing trading books?” 

So what I’m going to share with you in the video below are the six swing trading books which have had the greatest impact on my own trading, the first three are going to be trading focus, and the final three are going to be more so psychology focused and your own thinking focus, improving the quality of your decisions. 

Full transcript is also below.

 

Read the Full Transcription below:

Hey, swing traders, Jack Corsellis here, Prime Traders Club pro trader. 

A question I get asked a lot is, “What are my favorite swing trading books?” 

So what I’m going to share with you in this video are the six swing trading books which have had the greatest impact on my own trading, the first three are going be trading focus, and the final three are going be more so psychology focused and your own thinking focus, improving the quality of your decisions. 

I’d like you to comment down below as well, what are your six favourite swing trading books? 

What are those books that have had the greatest impact on your own trading? 

So, book number one is “How to Make Money in Stocks” by William O’Neil. I think this is a fantastic book. It’s a must-read for every swing trader. It will teach you about the technical aspects, but it’ll also dive very deep in terms of the fundamentals. I don’t think there’s a better book out here for actually learning about the fundamentals of a stock, what really makes a stock go up? 

The second one in my list is this book here by Mark Minervini, which is, “How to Trade Like a Stock Market Wizard.” This one is a little bit more technically focused, really dives in terms of the actual practical application of trading, where to really enter trades, how to hone that technique with the VCP and also a lot on risk management. 

My third book is actually another book by Mark Minervini. Now, I’ve lost the front cover to this one, but this was his second book here. I don’t know if you guys can kind of pick that up, but this is, “Think and Trade Like a Champion.” I actually think this book is better than his first book, “How to Trade Like a Stock Market Wizard.” This one dives into his process even more, especially honing the VCP entry, the risk management. So this book here is a must. 

Those three books I think are probably the best three technical books written on the market. 

Now, going a little bit more into the psychology, okay, of things and improving your own decision-making process, Richard Wyckoff, the Wyckoff method had a massive impact on my own trading, especially the way to think in terms of what are large operators doing? Are they accumulating, are they distributing, and giving me kind of a framework and a lens to view the market, so would I encourage you to read anything by Wyckoff and especially this one here, which is, “Stock Market Technique Number One,” and also “Stock Market Technique Number Two.” Richard Wyckoff had a article he used to write, kind of a newspaper if you like, around about 100 years ago. And contained within these books are many of the best articles and kind of and abstracts from those articles, which was called “The Magazine of Wall Street.” So I’d encourage you to read anything by Richard Wyckoff. 

Now, the next one, which again, you probably weren’t thinking that I was going to include for a trading book, but it’s this one here, which is “The Art of War” by Sun Tzu. This book was written something like 2,500 years ago or something like that, but it is so applicable. Again, it’s more focused on military strategy, but when you link everything back that Sun Tzu is saying to military strategy and you apply it to your own trading, so you read the book as though you’re reading a trading book and the lessons that Sun Tzu is teaching in there, you’re relating it back to your own trading and how to think in terms of your own trading, and improve the quality of your decisions, I think it is completely, completely life-changing. 

And the last one is by Robert Green. I’m a really big fan of Robert Green, you can see the front cover here is fairly worn. This is “Mastery.” So I think this is really, really key. If you’re going into swing trading, okay, you have to commit to it. It’s gonna take you years to learn this. You’re not gonna become a fantastic trader in the space of a week, a couple of weeks, a couple of months, you have to commit to this. It’s gonna take you years to get really good at it. And “Mastery” here, it just has loads of examples of other people, and it’s going throughout history, other people that have had to basically achieve mastery in their own industry, and really commit to the grind, the process of mastery, just having the emotional discipline, the resilience to just keep on going, push through it, understanding the learning curve and kind of those boredom areas, when you get really bored, when you’re potentially learning something, understand that is actually when you are building mastery. 

So I’d really encourage you to read those six books if you’d like to improve your swing trading. If you wanna learn a little bit more about me and my trading, there are links are down below to primetradersclub.com. And please do comment down below your top six swing trading books. I’m sure there’s some books that you may really like that I didn’t include on my list. I will be interested to see them, and as always look forward to seeing you in a future video.

 

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