2026-01-20 01:31:10

Honestly, most domestic trading books are of limited practical value. Many authors have mediocre real trading records themselves and turn to writing books to make money by selling dreams. If you truly believe in these kinds of books, it's easy to fall into traps and go astray. I’ve compiled a few truly worthwhile books to share with everyone.

"Black Swan" and "A Random Walk Down Wall Street" both focus on the uncertainty of markets. They teach you how to survive in unpredictable market conditions—risk always comes first, profit is second.

"Rules of the Returnee Trader" is written straightforwardly, thoroughly dissecting a complete trading system, helping you understand why a trading system is so crucial.

"The Reminiscences of a Stock Operator" is quite interesting. Reading it at different stages of life offers different insights. The book tells the legendary story of the speculator Jesse Livermore—at his peak, his capital would be roughly equivalent to $100 billion today, which would place him among the top five on the global billionaire list. Stories of this level can provide huge inspiration for later generations.

"The Road to Financial Freedom" has a simple logic: everyone can develop their own trading system, the key is to find the method that best fits their personality and style.

"The Gift of the Ghost" condenses 30 years of trading experience and mindset adjustment techniques into three core trading rules—this is a distilled version of his three decades of trading wisdom.

"Cro Talks Trend Trading" emphasizes the power of discipline and principles. Cro’s success today is due to his unwavering adherence to these two points.

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Tokenomics911

· 12h ago

Really, I stopped reading the "Cutting Leeks" books long ago. They just waste time and money. The Black Swan and Random Walk are the real eye-openers. I truly understand the importance of risk first. The story of Livermore is indeed wild. Turning 100 billion USD into now, it's hard to believe... But the problem is, most people don't even have one-tenth of his discipline. System, system, system—no matter how much I emphasize it, it's not enough. Trading without a system is just gambling, plain and simple. I think Croesus's book is the most practical. It doesn't boast or criticize, just talks about discipline and principles. It may seem dull, but it's the most useful. I agree with finding methods that suit your personality. Copying someone else's system is a dead end—I’ve experienced it firsthand. If you can thoroughly understand these few books combined, you would already surpass 90% of retail investors in the market. No exaggeration. But I still want to ask, even after finishing these books, if you're still inexperienced in practice, is it because you haven't grasped the theory or because your execution ability is lacking?

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MetaMisery

· 12h ago

Bro, I've seen through the whole "harvesting the chives" routine long ago. These few books are indeed valuable. It's best to read them together with "Reminiscences of a Stock Operator," the part about Livermore is truly excellent. The phrase "Risk first" is very reasonable; many people end up losing everything because they ignore this point.

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GasFeeGazer

· 12h ago

Agreed. The bunch of trading books that scam retail investors in China are garbage, gathering dust on shelves. "The Black Swan" and "A Random Walk Down Wall Street" are eye-opening; the phrase "Risk first" must be engraved in your mind. The legendary stories of Livermore are truly exceptional. Each time I read them at different stages, my feelings change. Amazing. I've read "Croft on Trend Trading" repeatedly. Discipline is really the core; without it, it's just gambling. Entering the market without a system is no different from throwing money away. Only with a system can you survive long-term. This order is pretty good. "The Rules of Trading by Hai Gui" is dissected thoroughly, directly hitting the importance of a trading system—eye-opening. Mental adjustment is more important than anything else. The three rules in "The Gift of the Ghost" are simple, but executing them kills most people. Ultimately, you still need to find a strategy that suits you. Copying masters blindly won't do the trick.

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LidoStakeAddict

· 12h ago

Well, that's right. There are indeed many books about cutting leeks domestically. If you haven't even made money yourself, how can you have the nerve to publish a book... I've read the story of Livermore three times, and each time I feel something different. Now I understand more and more how important risk management is.

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ZenChainWalker

· 12h ago

Chopping leeks with a book? Ha, that hits close to home. There are indeed many scammers like that in the circle. Books like "The Black Swan" still need to be read thoroughly; otherwise, you'll truly die in uncertainty. The story of Livermore is exaggerated, but it definitely has substance. System > Technique > Luck; most people have this order reversed. Discipline sounds easy to say, but in reality, 99% of people can't do it. Trading systems are like fitness plans; what works for others might cost you your life. What exactly is "The Returnee Trading Rules"? Has anyone read it? The phrase "Risk comes first" is heard every time, but every time it gets slapped in the face. Condensing 30 years of experience into three rules? It feels like chicken soup, but maybe it's the essence. The core of leek-cutting (scalping) is packaging luck as a methodology.

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