Best Day Trading Books: Crushing the Market At All Levels

If I walked into a library and asked the librarian for their recommendations for the best books on day trading, there is a good chance that they would not know what to recommend. After all, most librarians are not day traders or trading obsessives, so they might not know where to begin or they can only recommend books that have been borrowed frequently.

Thankfully, I’ve got this list of the best day trading books as recommended by the CEO Library community interviews, and the knowledge that these books share is supported by those who really know what they are talking about.

The key to learning day trading is choosing the right book. It matters the most because I don’t want to learn about strategies, trade psychology, risk management, or any other aspect of my trades from an unreliable source.

Everyone, starting from those with a new interest to those experienced in the trade, can learn from the most fantastic trading books.

The right books, I’ve learned, have helped to build the confidence that I needed to make my first successful month of trades. Through the guidance of these books, I’ve been able to break down the initially overwhelming platforms, fees, charts, and systems that work for my trading goals.

I’ve even had the chance to examine some unique, experimental techniques that might not have been the right fit for me, but they helped me to see a new take on the psychology of the trade. My methods improved alongside my reading list, and that says something about the way that trading books can offer the right guidance.

If you’re ready to improve your day trading game or simply want to learn about how day trading can be done for a living, check out this list of the best day trading books as recommended by a knowledgeable community.

Best Day Trading Books

Options Volatility Trading: Strategies for Profiting from Market Swings

Options Volatility Trading: Strategies for Profiting from Market Swings

Options Volatility Trading by Adam Warner also had a major impact on me because I have always been into investing and until this book I never quite understood the specific strategies behind making money when the market goes up OR down. I was familiar with short selling but wanted to explore option contracts so right after college a good friend gave me this book. I read it immediately and began putting what I learned into practice.
James Murphy
Marketing Manager/Live Nation
One Good Trade: Inside the Highly Competitive World of Proprietary Trading

One Good Trade: Inside the Highly Competitive World of Proprietary Trading

Not exactly a business related book but to me the concepts and lessons highlighted within are highly relatable in the business world such as the value of patience in striking at the right market timing and also reading the price tape which equates to understand the flow of the market your business is in in order to better deal with it and grow as a business.
Aviers Lim
CEO/Gashub
The New Market Wizards: Conversations with America's Top Traders

The New Market Wizards: Conversations with America’s Top Traders

Jack Schwager simply writes the best books about trading I've ever read. These interviews always give me a lot to think about. If you like learning about traders and trading, you'll find that reading this book is time well spent.
Richard Dennis
Trader, President/The Dennis Trading Group, Inc.
Reminiscences of a Stock Operator

Reminiscences of a Stock Operator

In my opinion this book is one of the best investment books ever and I highly recommend it to everyone who is interested in stock and commodity trading. The book is a biography of Jesse Livermore who is such an interesting character and the book is full of insights and advice while you learn about the crazy life of Jesse Livermore.
Michael Hebenstreit
Founder/MH Themes
Psychology of the Stock Market

Psychology of the Stock Market

For those interested in the stock markets ~G.C Selden's 1912 (yes 1912!!) The Psychology of the Stock Market. Human emotions and thought processes remain the same. Greed and fear. Even though my business is in fitness and wellness most of the books are pretty awful and I haven't been influenced by individuals in this sphere. i keep hearing younger trainers talking about bodybuilders and their online presence, videos, etc but that doesn't interest me. No I haven't watched Pumping Iron. There are some very good marketers to be sure such as Pat Rigsby and Ryan Lee who I have bought material from but no book per se has influenced this career.
David Sisk
Founder/David Sisk Fitness
Liar's Poker

Liar’s Poker

Question: What books would you recommend to young people interested in your career path?

Answer:

  • Anything by Peter Senge.
  • The Hard Thing About Hard Things – Ben Horowitz
  • Once you are Lucky, Twice you are good – Sara Lacey
  • Revolutionary Wealth – Alvin Toffler
  • Black Swan – Taleb
  • Reset: My Fight for Inclusion and Lasting Change, by Ellen Pao.
  • Creative Class – Richard Florida
  • Creativity Inc. by Ed Catmull & Amy Wallace
  • Liar’s Poker by Michael Lewis
  • American Government 101: From the Continental Congress to the Iowa Caucus, Everything You Need to Know About US Politics – Kathleen Spears
  • The Tao of Pooh by Benjamin Hoff.
  • Anna Karenina by Leo Tolstoy.
  • Any book by Herman Hesse
  • The Art of War by Sun Tzu.
Audrey Russo
President & CEO/Pittsburgh Technology Council
Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits

Young Money: Inside the Hidden World of Wall Street’s Post-Crash Recruits

For those interested in starting their career as investment bankers like I did, I’d highly recommend reading Young Money by Kevin Roose before joining. There are tons of people who go into the industry and truly hate it, but I’d argue that reading this book and/or talking with others in the industry beforehand will prepare you for the reality of what life can be like
Deepak Chhugani
Founder/The Lobby
The Blank Swan: The End of Probability

The Blank Swan: The End of Probability

I am relieved to finally find a book that deals with Black Swan Events in a new way. Ayache brings a reverse-probabilistic perspective: instead of considering that a price is the result of probabilistically derived expectation, he reverses the issues and investigates these artificial constructs as "probabilities" and "expectations" as secondary, derived, fictitious concepts that we bring about to explain prices, decisions, and other things.

This, of course, is just the beginning, so one has to be understanding about the speculative aspect of the effort --so view this as a gutsy look at the "end of probability" and how we will need to envision the world once we get rid of this artificial, antiquated tool. I am also glad to see that those of us trained in the trading of options can have views original enough to influence the philosophy of probability and the philosophical understanding of contingency.

Nassim Nicholas Taleb
Flaneur
Prediction Machines: The Simple Economics of Artificial Intelligence

Prediction Machines: The Simple Economics of Artificial Intelligence

This book makes artificial intelligence easier to understand by recasting it as a new, cheap commodity--predictions. It's a brilliant move. I found the book incredibly useful.
Kevin Kelly
Co-Founder/Wired
The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust

The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust

I read this book after completing my exposition of overcompensation, how a stressor or a random event causes an increase in strength, in excess of what is needed, like a redundancy. I was also looking for evidence of convex reaction to stressor, or the effect of a mathematical property called Jensen's inequality in domains and found it exposed here (in other words, why a combination low dose (most of the time) and high dose (rarely) beats medium dose all the time. The authors presents the evidence for the phenomenon in the following: 1) acute stressors cum recovery beat both absence of stressors and chronic ones (this includes thermal variations); 2) stressors make one stronger (post traumatic growth); 3) risk management is mediated by the deep structures in us, not rational decision-making; 4) winning causes an increase in strength (the latter are more complicated effects of convexity/Jensen's Inequality).

Great book. I ignored the connection to financial markets while reading it. But I learned that when under stress, one should seek the familiar.

Bravo!

Nassim Nicholas Taleb
Flaneur
Fiasco: The Inside Story of a Wall Street Trader

Fiasco: The Inside Story of a Wall Street Trader

I remember reading this shocking book and thinking, holy shit. This book will make you sick.
Charlie Munger
Vice Chairman/Berkshire Hathaway
What I Learned Losing a Million Dollars

What I Learned Losing a Million Dollars

There are lots of books on aspiring to something. Very little are from actual people who aspired, achieved, and lost it. With each and every successful move that he made, Jim Paul, who made it to Governor of the Chicago Mercantile Exchange, was convinced that he was special, different, and exempt from the rules. Once the markets turned against his trades, he lost it all — his fortune, job, and reputation. That’s what makes this book a critical part in understanding how letting arrogance and pride get to your head is the beginning of your unraveling. Learn from stories like this instead of by your own trial and error. Think about that next time you believe you have it all figured out. (Tim Ferriss recently produced the audiobook version of this, which I recommend.)
Ryan Holiday
Founder/Brass Check
No Bull: My Life In and Out of Markets

No Bull: My Life In and Out of Markets

As a speculator I learned to take the best from books and ideas without arguments (many readers seem to be training to be shallow critics)--good insights are hard to come by. One does not find these in the writings of a journalist. There are some things personal to the author that might be uninteresting to some, but I take the package. The man is one of the greatest traders in history. There are a few jewels in there.

The man did it. I'd rather listen to him than read better written but hollow prose from some journalist-writer.

Nassim Nicholas Taleb
Flaneur
A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing

A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing

If you want to get into stock trading or in case you want to become an investor, then I definitely would recommend to read the book I already mentioned and in addition: A Random Walk Down Wall Street by Burton Malkiel.
Michael Hebenstreit
Founder/MH Themes
The Intelligent Investor

The Intelligent Investor

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must provide the emotional discipline.
Warren Buffett
CEO/Berkshire Hathaway
From Third World to First: Singapore and the Asian Economic Boom

From Third World to First: Singapore and the Asian Economic Boom

It’s incredible how he almost single-handedly took a third world country and built it into a first-world country in one generation.
Will Shu
Founder/Deliveroo
Memos from the Chairman

Memos from the Chairman

"[The book is] a collection of memos to employees by the chairman of the now defunct investment bank Bear Stearns," Stone writes. "In his memos, Greenberg is constantly restating the bank's core values, especially modesty and frugality."
Jeff Bezos
CEO/Amazon
The Essays of Warren Buffett: Lessons for Corporate America

The Essays of Warren Buffett: Lessons for Corporate America

If you want to get into stock trading or in case you want to become an investor, then I definitely would recommend to read the book I already mentioned and in addition: The Essays of Warren Buffett by Warren Buffett.
Michael Hebenstreit
Founder/MH Themes
Why They Do It: Inside the Mind of the White-Collar Criminal

Why They Do It: Inside the Mind of the White-Collar Criminal

​This summer, Mackenna is learning more about the birth of behavioral economics, the psychology of white collar crime, and the restoration of American cities as locations of economic growth.

Francisco Perez Mackenna
CEO/Quineñco
When the Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle

When the Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle

Wall Street"-esque battle between Bill Ackman and Carl Icahn over unlikely target Herbalife. Sip a delicious Herbal Aloe Shake while reading.
Marc Andreessen
Co-Founder/Andreessen Horowitz
Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations

Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations

Folks frequently ask “What are the books that changed your life?” If I tell them, they are usually radically disappointed. I find that curious. I just cleared out of an office, and these are 4 shelves of spines of books that mattered enough to me to bring home. So here they are.
Eric Weinstein
Managing Director/Thiel Capital