Psychology
Trading for a Living
Alexander Elder
Alexander Elder, MD, is a former psychiatrist who taught at Columbia University and became a professional trader and educator. In one primer he combines trading psychology, technical tactics and money management. For beginners who want one broad starting book. The site's ASIN is the 1993 original edition.
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Jack D. Schwager
Jack Schwager spent over twenty years as a director of futures research at leading Wall Street firms and later managed hedge fund portfolios. He interviews top traders across markets and draws out shared principles: risk control, discipline and adapting to markets. For beginners, as an entry point to trading literature.
Jack D. Schwager
The second volume of Jack Schwager's interviews with top traders, this time including option traders. Schwager is a long-time futures researcher and hedge fund portfolio manager. It covers how traders manage risk and think about markets. For beginners who enjoyed Market Wizards.
Mark Douglas
Mark Douglas began coaching traders in 1982 and helped pioneer trading psychology as a field. The book teaches you to think in probabilities and to act consistently under uncertainty. For any trader, especially beginners whose results are driven by emotion.
Mark Douglas
Mark Douglas's first book (1990), one of the first to introduce trading psychology to the investment industry. It examines the mental habits and beliefs behind consistent trading decisions. For beginners, and a natural companion to Trading in the Zone.