I have spent a lot of time studying stock trading, and developing automated trading routines. Here are the books in my library that I recommend the most.

• Timothy Sykes - the most practical strategy for small traders to get big. You wont over trade with Tim's system, but you have a chance to get in on the most likely winning trades that the market has.
• Alexander Elder is a psychologist turned trader. Having a good handle on your own psychology is exceptionally important. If you trade using your reptilian brain, you will make the wrong trade almost every time. Alexander gives good strategies to avoid being eaten by the sharks or the piranhas, and yes it is two different methods to avoid each of those fates. A very useful addition to what Timothy Sykes teaches in his courses.
• Brett Steenbarger is another great psychologist turned trader. His daily trading cost is a series of daily devotionals for traders. He also will help you get a handle on your emotionas, and learn how to make very logical and controlled trades.

• The Complete Penny Stock Course: Learn how to generate profits
• An American Hedge Fund - How I made $2 million as a Stock Operator & Created a Hedge Fund - the story of his growing his bar mitzvah gift to two million dollars

Alexander Elder, MD, is a professional trader and a teacher of traders, based in New York. He is the author of several best-sellers, considered modern classics among traders. He also wrote books about Russia and New Zealand.

Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading. Dr. Elder's books, articles, and software reviews have established him as one of today's leading experts on trading

Dr. Elder is the originator of Traders' Camps–week-long classes for traders. He is the founder of the Spike group whose members share their best stock picks each week in competition for prizes. He continues to trade and is a sought-after speaker at conferences in the US and abroad.

Books by Alexander Elder

• The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management - The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader.
• Trading For A Living - Trading for a Living Successful trading is based on three M's: Mind, Method, and Money.
  • Trading for a Living helps you master all of those three areas:
    • How to become a cool, calm, and collected trader
    • How to profit from reading the behavior of the market crowd
    • How to use a computer to find good trades
    • How to develop a powerful trading system
    • How to find the trades with the best odds of success
    • How to find entry and exit points, set stops, and take profits
  • Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game. To help you profit even more from the ideas in Trading for a Living, look for the companion volume–Study Guide for Trading for a Living. It asks over 200 multiple-choice questions, with answers and 11 rating scales for sharpening your trading skills.
• Come Into My Trading Room - In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader–identifying new, little known indicators that can lead to huge profits.
  • Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. Come Into My Trading Room reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization—with the goal of turning anyone into a complete and successful trader.

Books by Brett N. Steenbarger:

• The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist
• The Psychology of Trading: Tools and Techniques for Minding the Markets
• Trading Psychology 2.0: From Best Practices to Best Processes (Wiley Trading)
• Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology