Top 3 Books For Traders & Investors You Should Must Read

1. Price Action Trading

2. The Intelligent Investor

3. Breakout Trading

Read Full Article For Bonus Tips.

1. Price Action Trading

Price Action Trading is a trading technique in which traders make use of only ‘Price’ and ‘Volume’ to make trading decisions.

This book by Sunil Gurjar, founder of Chartmojo, will guide you how to trade in securities and time entry and exit in a better way using price action, without relying much on technical indicators. The book is written in a simple and easy to understand language and best suited for people wishing to learn Technical Analysis, especially Price Action. The book is applicable to Intraday Trading, Swing Trading, & Positional Trading.

This Book will teach a trader or investor basics of price action technical analysis so that he can pick right stocks at right time to make money from trading or investing in them.

The book will teach you how to use various technical analysis tools like support – resistance, moving averages, candlestick patterns, chart patterns, etc in price action trading with help of various case studies and charts.

The book also explains risk management techniques like Position Sizing, Placing Initial Stop Loss and Trailing Stop Loss, Maintaining Trading Journal, etc.

Candlesticks like Maribozu, Hammer, Hanging Man, Inverted Hammer, Shooting Star, Doji, Engulfing Pattern, Harami Pattern, Piercing Line, Dark Cloud Cover, Morning Star, Evening Star, Three White Soldiers, Three Black Crows, etc are explained in this book.

The book also explains Advanced Candlestick Analysis Methods.

Chart Patterns like Head & Shoulder, Inverted Head & Shoulder, Double Top, Double Bottom, Rounding Top, Rounding Bottom, Ascending Triangle, Descending Triangle, Symmetrical Triangle, Rectangle Pattern, Cup and Handle, Channel Pattern, Wedge Pattern, etc are explained in this book.

Book also covers 49 case studies which explain all the concepts in a practical and easy to understand manner.

2. The Intelligent Investor

It is a widely acclaimed book by Benjamin Graham on value investing. Written by one of the greatest investment advisers of twentieth century, the book aims at preventing potential investors from substantial errors and also teaches them strategies to achieve long-term investment goals.

Over the years, investment market has been following teachings and strategies of Graham for growth and development. In the book, Graham has explained various principles and strategies for investing safely and successfully without taking bigger risks. Modern-day investors still continue to use his proven and well-executed techniques for value investment.

The current edition highlights some of the important concepts that are useful for latest financial orders and plans. Keeping Graham’s unique text in original form, the book focuses on major principles that can be applied in day-to-day life. All the concepts and principles are explained with the help of examples for better clarity and understanding of the financial world.

Combination of original plan of Graham and the current financial situations are the reason behind this book’s preference today’s investors. It is a detailed version with several wisdom quotes that are likely to change one’s investing career and lead to the path of financial safety and security.

About the Author:

A professional investor and economist, known all over the world, Benjamin Graham is believed to be the father of value investing. He first taught this new investment approach at Columbia Business School. A British-born, he is credited with having pioneered numerous cutting edge concepts that, many believe, pushed several of his followers in the world of investments, to the top.

3. Breakout Trading

How to Make Money With Breakout Trading: A Simple Stock Market Book for Beginners – The Secret of becoming Intelligent Investor – Price Action Trading through subconscious mind and the Power of Now

Do you know every trader (be it intraday, swing, positional, or scalper) should know how to differentiate a genuine breakout and a false breakout?

Do you know why?

Because every ‘Entry’ and ‘Exit’ in any trade should come through a breakout or false breakout opportunity!

It’s important to understand two herds that exist in the market:
1. Smart Money and
2. Dumb Money

‘Smart Money’ refers to institutional investors, big sharks who have money and information power who give direction and momentum to markets.

‘Dumb Money’ refers to nonprofessional traders, retail traders who often try to make quick money.

Do you agree that it’s always a good idea to follow smart money?

Then you have to learn the right way of identifying real breakouts.

This Breakout Trading System consists of three critical components:

1. Drawing Proper Trend Lines
2. Identification of Real Breakout
3. Trade ExecutionUseful references to draw a trend line:
a. Price Peaks
b. The Slope of the Trend Line
c. The price should respect the Trend Line

The four things mentioned below are essential to separate a real breakout from fake ones:
1. A Big Breakout Candle
2. Quick Time
3. Absence of Opposite Party Response (selling)
4. Good Volume

Along with these concepts, this book also answers the below questions:
1. Why Even Smart People Fall for Market Conditions
2. How to Take Your Exit To the Next Level
3. The Untold Story About Trail SL

It also provides 10 great lessons on trading, 25 excellent traders’ information on Twitter.

About the Author:

Indrazith Shantharaj is a full-time trader and author of many best-selling books. He uses Market Profile concepts, Price Action Trading concepts with tailor-made systems for the Indian market conditions.

He is a former IT professional and has over ten years of experience in the stock market. Apart from trading, he spends his free time on travel and adventure. He also extensively believes in using the power of the MIND and is a practicing spiritual sadhana.

Bonus :- A book for those who wants to know more about a stock operator and wants to operate as a professional trader with some professional equipment.

Reminiscences of a Stock Operator


A legend of Wall Street shares the tricks of his trade!

Reminiscences of a Stock Operator is the bestselling story of Jesse Livermore or ?Boy Plunger??the famous American investor and security analyst who made his millions from the stock market. Edwin Lefèvre tracks the exploits of Livermore as he won and lost tens of millions of dollars playing the stock and commodities markets during the early 1900s.

With riveting accounts of Livermore?s experiences as one of the most influential speculators on Wall Street, the book is rich with trading wisdom and rules that Livermore imparts through Lefèvre. The book?s enduring appeal rests in Livermore?s view that the market is made up of people and the excesses of the market reflect mass psychology. According to him the mistakes of individuals are frequently the result of the inability to control fear and greed. Thus, the views and lessons of Livermore continue to be relevant to every new generation of investors and traders. This book is considered a classic in business writing.

Equipment of a professional trader:-

Mr IRONSTONE L Shaped Gaming Desk, Textured Carbon Fiber Computer Corner Game Desk, Home Office Writing Workstation with Large Monitor Stand,Cup Holder & Headphone Hook

Lumi Brateck Freestanding Quad Monitor Stand With 13-32" Support| 3 years Warranty|8 kg Weight Capacity Per Monitor| Height Adjustable Four Monitor Arm| Fully Adjustable 4 Monitor Stand With Tilt and Rotation Features

PHILIPS Brilliance 499P9H1/75 124.46 cm (49-inch) Curved SuperWide Dual QHD LCD Display with Pop-Up Webcam with Windows Hello

Dell U4320Q UltraSharp 43-Inch 4K USB-C Monitor, with 3-Year ON -SITE Warranty

LG UltraWide 87 cm (34 Inches) WFHD (2560 x 1080) IPS Display - HDR 10, Radeon FreeSync, sRGB 99%, Inbuilt Speaker Maxx Audio (5W x 2), HDMI x 2, Audio Out - 34WL50S (Black) -24% ₹27,498.00

LG 25-inch (64.5 cm) UltraWide Multitasking Monitor with Full HD (2560 x 1080) IPS Panel, HDMI Port, AMD Freesync - 25UM58 (Black) -19% ₹14,999.00

Lenovo 100 Wireless Keyboard & Mouse Combo, Ambidextrous 1000 DPI Mouse Optical Sensor, upto 3M clicks, Ultra slim water resistant keyboard, 2.4 GHz Wireless Nano USB, upto 1yr battery life GX30L66303

ASUS ROG Strix GL10, 6 Cores AMD Ryzen 5-3600X 3rd Gen, Gaming Desktop (8GB/1TB HDD + 256GB SSD/4GB NVIDIA GeForce GTX 1650 Graphics/Windows 10/with Keyboard & Mouse/Gray/8 Kg), G10DK-53600X018T

Lucky Decorative Statue & Paintings:-

Veronese Design 6 Inch Wall Street Stock Market Bull Bear Fight Financial Broker Gift Abstract Bronze Finish Tabletop Statue

Puja N Pujari Stock Market Brass Bull Showpiece (Multicolour, Standard)

Karigar Shop 12" Handmade Bull Head Statue Stone Finish Animal Figurines Gifts Antique Design for Home Decoration, Living Room Bedroom (White)

Tallenge - Bull Vs Bear - Art Inspired By The Stock Market - Small Poster Paper (12 x 17 inches)

Surmount Stock Chart Bull Ultra HD Water-resistant Poster With Free Double Sided Tape, Shining Non-Toxic Ink, Size 12x18 inch Art Poster Wall Decoration


HEAVY DRIVER® Bull Sculpture Ox Ornament Figurine Statue Office Tabletop Home Decor Bull Statue Stock Market Bull showpiece Stock Market - Black S Look Up