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Required Reading

One of the most important aspects of learning any profession involves studying the words and methodologies of the most successful experts within it. To this end, Scott has spent countless hours studying materials related to trading as a profession. We have compiled a list of texts that were written by successful traders that have developed and back-tested proven trading methodologies that are widely accepted as staples within Technical Analysis.  As part of your training, it is vital that you study basic charting elements, trading methodologies, and trading psychology. All of these areas of study will become important parts of any trading system that you develop as you learn to openly and honestly identify personal strengths and weaknesses that will greatly impact your success as a trader.

The following channel is designed to provide you with information related to the texts that Scott has personally selected as the most beneficial study materials that he has come across during his years of research and experience trading financial markets. He has selected these books as primary sources for learning how to create & develop a trading plan that will allow you to achieve a greater level of consistency in your own trading. You will not be able to achieve anywhere near your maximum potential within trading without studying both the craft AND yourself, in great detail. As with any learned skill, you must be willing to dedicate many hours of time to practice and study in order to develop your own abilities to a professional level. The amount of effort you are willing to dedicate to this craft will be directly linked to your own level of trading success in the long term.

First you will find background information on three of the most influential authors who have written extensively on the subject of Trading and Technical Analysis. After that you will find the list of recommended reading along with instructions detailing how to locate audio recordings for books on the list wherever available. All of us here at Trade Crypto Live hope you will find the following information both empowering and enlightening.

Trade Crypto Live Featured Authors

Who is Mark Douglas?

“Mark Douglas’ approach to trading psychology has unlocked the door for many traders since the 1980s – as one of two founding fathers (the other is Dr. Van K. Tharp), in the unknown field at that time, within this now popular concept that everyone claims to be expert at. 
Based on several years of watching fellow brokers trade and his own trading efforts, led him to begin keeping a daily journal of his thoughts and actions for each and every trade.  What he found initially was that he did not know what he was thinking or feeling, and set out to do just that – know what he was thinking before, during, and after every trade, so he could determine if he was using valid signals or just hoping the trades would work.
Mark shared his expertise with anyone who asked – novice or expert trader; traders with little income or mega-wealthy, and his generosity is legendary.  He was a friend to the investment industry – even when he found that industry and traders were taking advantage of him.  Why? 

Because for him, it was all about helping traders become the best they could be, even though the piracy of his materials hurt him deeply, broke his heart, and eventually led to his demise.  When he realized that his generosity was mistaken for weakness, he was crushed.  Crushed by the very industry that he lived for.  At the end, he found that his personal integrity and his passion for teaching, meant nothing to the very industry that has benefited, and continues to benefit, from his expertise.”
Mark Douglas

Who is Van Tharp?

In the unique arena of professional trading coaches and consultants, Van K. Tharp stands out as an international leader in the industry.  Helping others become the best trader or investor that they can be has been Tharp’s mission since 1982.  Dr. Tharp offers unique learning strategies, and his techniques for producing great traders are some of the most effective in the field.

Over the years, Tharp has helped people overcome problems in areas of system development and trading psychology, and success related issues such as self-sabotage. He is the founder and president of the Van Tharp Institute, dedicated to offering high-quality educational products and services for traders and investors around the globe.  While Van Tharp’s expertise is in the area of finance, his mission is to touch people in a way that changes them for the better.  Tharp is the only trading coach featured in Jack Schwager’s best-selling book, The Market Wizard’s: Interviews with Great Traders.

Tharp uses a combination of skills and education to fine-tune his strategies to coach, consult and teach traders and investors. He received his Ph.D. in psychology from the University of Oklahoma Health Science Center in 1975. He is a certified Master Practitioner of Neuro-Linguistic Programming (NLP), a Certified Master Time Line Therapist, a certified Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create the successful models of trading and investing upon which so much of his work is based.
Dr. Van K. Tharp

Who is Jack D. Schwager?

Jack D. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Mr. Schwager is one of the founders of Fund Seeder (FundSeeder.com), a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street’s leading firms, most recently Prudential Securities.

Mr. Schwager has written extensively on the futures industry and great traders in all financial markets.  He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last three decades.
Jack D. Schwager

Who is Charles D. Kirkpatrick?

Charles D. Kirkpatrick II, CMT, is president of Kirkpatrick & Company, Inc., a technical analysis research firm that publishes the Market Strategist investment newsletter. A past instructor in finance at the School of Business Administration, Fort Lewis College, and currently Adjunct Professor of Finance at Brandeis University International Business School, he is a two-time winner of the Market Technicians Association’s prestigious Charles H. Dow Award for research in technical analysis and winner of the MTA Annual Award in 2008 “for outstanding contributions to the field of technical analysis.” He is a Chartered Market Technician, a past member of the board of directors of the Market Technicians Association, and past editor of the Journal of Technical Analysis.

Who is Jason Alan Jankovsky?

Jason Alan Jankovsky is a 25+ year veteran of leveraged transaction trading. Trading extensively in Futures, Options, and FOREX since 1986, first as a customer and then as a registered broker, he is self-taught and self-educated.

His articles on global cash FOREX have appeared in “Traders Savvy”, “The Perspective”, “SFO Magazine”, “Futures Magazine”, “FX Magazine” and other industry publications. Jason is the author of “Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master”,”The Art of the Trade: What I Learned (and Lost) Trading the Chicago Futures Markets”, and his most recent book “Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets “.  He has focused on the psychology of trading as the key component to a successful trading methodology. 

Jason had offered a training course of his own but took it down in 2016 after releasing a public letter stating that the slow trickle of traders he received was not worth the time and expenses over simply trading his own portfolio.
Jasons Farewell Letter

RECOMMENDED READING LIST

Here is a compiled list of all the books suggested thus far, along with embedded hyperlinks to the Amazon page to purchase them in various formats.  Prices can vary widely based on the media format (hardcover, paperback, audio, etc.) so it is important to pay close attention to the options available.

CLICK HERE to dowload a .pdf copy of the recommended reading list.

Do not share this list outside the private trainee channels as it is for TCL Trainees only!!

The list is organized according to Scott’s recommended reading order starting with book 1 on the list.  It is suggested you first read the Technical Analysis and Candlestick books, especially if you are new to trading.
Per Scott: “MOST OF YOU FOLKS NEED A TECHNICAL ANALYSIS BOOK AND A CANDLESTICK BOOK. THESE TWO WILL COME IN HANDY AS YOU FOLLOW ME THROUGH THE MATRIX OF THIS TRAINING!”

**An asterisk indications that these books are available on audio for free with an Audible trial on Amazon**

1. Technical Analysis: The Complete Resource for Financial Market Technicians 
-Charles Kirkpatrick

2. The Candlestick Course  
-Steve Nison


3. The Disciplined Trader
-Mark Douglas


4. Trading in the Zone*
-Mark Douglas


5. Trading Beyond the Matrix*
-Vann K. Tharp


6. Becoming the Disciplined Trader
-Paula Webb


7. The Complete Trader
-M. Douglas & P. Webb


8. Winning Methods of the Market Wizards (Audio)*
-Jack Schwager


9. Market Wizards*
-Jack Schwager


10. The New Market Wizards*
-Jack Schwager

11. Hedge Fund Market Wizards*
-Jack Schwager


12. The Little Book of Market Wizards*
-Jack Schwager


13. Trading for a Living
-Dr. Alexander Elder

14. The Complete Turtle Trader*
-Michael W. Covel


15. Trading Rules that Work
-Jason Jankovsky


16. Time Compression Trading
-Jason Jankovsky


17. The Art of the Trade
-Jason Jankovsky

**An asterisk indications that these books are available on audio for free with an Audible trial on Amazon**