MUSINGS OF A SURGEON DAY TRADER
Well, I got slammed this morning with emails from readers that want to learn. Thanks for all your comments and well wishes. (I did get some hate mail too, and we'll get to that later).
I've compiled a list of books that I hope will be useful to you:
Here it is. You are busy and time constrained. The author Matthew Kratter does a decent job covering a lot of topics. This is a high level overview and is geared towards the less seasoned trader. It will miss a lot of fine details. But it's a good start for true beginners.
Andrew Aziz does a great job explaining the basics here. Even though this is a beginners book, I reference it even today. He also discusses mindset and emotion which is an important recurring theme for me.
The author Steve Nison was the pioneer that brought Japanese Candlestick charting to America. If you're looking help finding your entry and exit points, you need to learn this.
Martin Pring wrote the bible for technical analysis. This book is not for the weekend warrior. It is filled with detailed TA, and can be overwhelming at times. But if you want to learn it, you have to read it. There is also an associated study guide. It will give you flashbacks of the USMLE. This is a good thing.
Is your head in the game? I doubt it. Not the way it needs to be. Mark Douglas actually wrote a psychology book disguised as a trading book, but ends up achieving both. You need to work on your mindset as part of your trading strategy.
Mike was a prop trader that has some good insider insights. This book is not for beginners. If you have mastered the basics, I think this is a good reference when you are ready to up your game.
Brian Overby is an options analyst. This book will walk you through 40 different options strategies, and is an ideal resource for the rookie trader. Please note, I do not advocate that you do any options trading until you have a firm understanding of basic stock trading. You have been warned.
This one is more of a fun one. Here is the definitive collection of Warren Buffett, in his own words. You can read 26 full Berkshire Hathaway annual meetings here.
I retired from full time practice as a surgeon earlier in 2019, transitioning into a full-time day trader. I will be documenting my journey here.
My personal book list
A Beginner's Guide to the
How to Day Trade for a Living
Technical Analysis Explained
Trading in the Zone
One Good Trade
The Options Playbook
The Intelligent Investor