Books

Opinions listed on this page are from Adaptive Trading and their contributors. There are no financial incentives offered for any of the content listed on this page. Adaptive Trading is not affiliated with any of the authors or publishing companies of the books described.

Score: 5/5

Range - David Epstein.png

Range

David Epstein

David Epstein offers a thorough analysis on an interesting concept of "generalization". The book is in stark contrast to the often corporate-world touted "Strength Finders" methodology. While Strength Finders encourages you to focus your time on refining your strengths vs. wasting time building up your weaknesses, David Epstein looks at the success of individuals that have spent their careers broadening their subject matter in various fields, whether relatable or not. In reality, we don't know what is relatable or applicable and we are bound to find scenarios in our lives where solutions from unrelated domains can cross over.

Score: 5/5

Volume Price Analysis - Anna Coulling.pn

A Complete Guide to Volume Price Analysis

Anna Coulling

This is the best book I have read on volume price analysis. Anna Coulling has a relatable writing style as she discusses the importance of volume and chart patterns when understanding whether a trend is likely to form, continue or reverse. Additionally, no details are spared when discussing the importance of understanding market makers and their involvement in financial markets.  If you are looking for a trusted method to understand when you should cut a trade loose, double down or avoid it entirely, this is a perfect resource.

Score: 3/5

Technical Analysis Masterclass - Rolf Sc

Trading: Technical Analysis Masterclass

Rolf Schlotmann

Admittedly I was a bit disappointed in this book. I think that it attempts to cover too many subjects in a short number of pages and thus doesn't really give depth to any particular subject. I think this book is targeted more for a beginner trader as it covers some very basic principles, which is fine, but it doesn't deserve a "Masterclass" title. Additionally, if targeting beginners, there were a variety of subjects such as psychology and risk management that really needed to be addressed. The best part about this book was the fact that it wasn't very many pages.

Score: 5/5

The Art of Thinking Clearly - Rolf Dobel

The Art of Thinking Clearly

Rolf Dobelli

In "The Art of Thinking Clearly", Rolf Dobelli describes over 90 subconscious biases that plague our thinking. Rolf has clearly done a tremendous amount of research to understand a significant number of fairly sophisticated psychological principles. What is most impressive is his light-hearted demeanor and ability to translate these into easily understandable concepts. This book is not specifically about stock trading, but there are a number of highly relatable subjects that overlap with how our minds work when making decisions. If you are looking to expand your "psychology of trading" repertoire, this is a solid addition.

Score: 4.5/5

How to Day Trade - Ross Cameron.png

How to Day Trade

Ross Cameron

I'll start by saying that I think Ross Cameron is not only one of the most successful trading educators today, but I think that success is well-deserved.  The primary critique I saw in other reviews of this book is that it is simply a plug for his pricey educational courses. I disagree. This book is intended for beginners and the language and tone are perfect for that demographic. The best way I can describe the book in response to other critiques is this: if you read this book cover to cover and understand the principles explained, it can make you an above-average trader. If you combine this book with other educational resources that Ross has available, you can be an exceptional trader. I'll cover his other educational content in the "Educator" reviews. Bottom line, the book is well written and loaded with important information.

Score: 5/5

Thinking Fast and Slow - Daniel Kahneman

Thinking Fast and Slow

Daniel Kahneman

This might be the best book I have ever read in any genre. There is so much packed into this book it is hard to articulate everything in one review. In short, this book takes every psychological component of our brains and explains how each piece works for or against us. This book can truly teach you a new way of thinking. How to retain information. How to ignore biases that your subconscious leads you towards. Daniel Kahneman is a Nobel prize winning economist who has authored several books. This is his masterpiece. With every new line you read, you will be pulled into new learnings that continue to amaze you. This book offers the educational value of a textbook or a series of college courses in a flow that mirrors the ease of reading a ficiton book.