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5 Trading Books Every Stock Trader Must Read 

Last Updated: March 21, 2022

By Rayner Teo


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In today’s episode, I’ll share 5 trading books that you must read if you’re serious about stock trading.

So listen right away…


The Best Trading Books of All Time


Hey, hey, what’s up my friends? 

In this episode, I want to share with you 5 trading books every stock trader must read. 

If you trade stocks, then you’ve got to check out this list of books that I’m about to share with you. 

But if you don’t trade stocks, don’t worry because the principles that these books talk about can be applied to different asset classes as well. 


Book #1: Secrets to Profiting in Bull and Bear Markets by Stan Weinstein

What I like about this book is that it talks about the market moving from different stages. 

From the accumulation stage to the advancing stage to the distribution stage, to the declining stage. So you can think of market moving in cycles. 

So what are these different cycles and how the market moves in each of these different stages?

This book is a framework that I use in my own price action trading as well. 

So if you’re pretty much clueless whenever you look at a chart, thinking should you be or selling, then this book will give you a good overview of what you should be doing in different stages of the markets. 

Book #2: How to Make Money in Stocks: A Winning System in Good Times and Bad by William J. O’Neil

It’s definitely one of the most popular stock trading books out there.

There are so many stocks out there, how do you know which stocks to buy?

So in this book, William J. O’Neil identified all the stocks that have made a huge move and looked back in time before they actually breakout and made these monster gains, to see what the common characteristics of these stocks are.

This is where he introduces to you the CAN SLIM system or methodology, where he looked at certain fundamental traits of a stock and certain chart pattern of a stock. 

This is what this book is all about. Identifying monster moves in the market right before it actually happens. 

Book #3: Trade like a Stock Market Wizard by Mark Minervini 

So this book is a little similar to the second book that I mentioned earlier, but the key difference here is that this focuses more on certain fundamental ratios and certain chart patterns.

Mark Minervini calls it the volatility contraction pattern. 

So what he looks for is a contraction pattern in a stock before it breaks out and looking for these patterns before he buys breakouts.

If I’m not wrong, he also takes into account certain fundamentals of stocks that sweetens the probability of his trades.

Book #4: Unholy Grails by Nick Radge

If you don’t want to deal with fundamentals, then this book goes into systematic stock trading. 

In fact, it’s basically how to trade stocks from a momentum perspective, how to buy the strongest stocks, hold them and ride the trend till it ends and then exiting these stocks for a huge gain. 

I believe he covers 7 different ways you can trade momentum in the stock markets and the principles are generally all the same. You buy the strongest stocks and ride the trend until it ends.

But the way you execute the entries could be using Bollinger Bands, using moving average crossover or just buying 52-week highs’ breakout and stuff like that. 

This book is more for systematic stock traders and it gives you all the backtest results that come along with each of this system as well. 

Book #5: Stocks on the Move by Andreas Clenow

This book is an eye-opener because often when you think of trading, you need to use a stop loss to contain your losses, so you don’t blow up your account.

But this book has a different approach. There’s no stop loss involved in the system share in this book. 

How it’s being done is that the protective mechanism uses portfolio rebalancing. 

If you’re interested to trade a portfolio of stocks and do rebalancing every couple of weeks or months, then this book will show you how to do it. 

The concept is similar to Nick’s book, where you’re buying the strongest stocks and rebalancing this portfolio of stocks on a regular interval. The system that’s shared beats the market as well. 

So these are the 5 books that I want to share with you. 

If you have not read any of it, go check it out on Amazon or get it from your nearest library. 

With that said, I hope it helps and I’ll talk to you soon.

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