Investing in swing trading books is very important if you’re getting started as a swing trader. So, we’ve provided you with a list of the best swing trading books. Popular books such as Mastering the Trade, How to Trade Big Trends for Big Profits, The New Trading for a Living, In-Depth Guide to Price Action Trading, and Traders of the New Era have helped many traders.
Now, keep in mind that swing trading is not for everyone, and these books are not an end-all be-all. However, they are tools to enhance your skills. They can invoke some interesting questions and give examples of analysis you may have yet to think of.
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Mastering the Trade
His name may seem familiar to you, as it is printed on many different indicators we use. However, John F. Carter masters intraday and swing trading setups. He has years of experience and shows it in his book. The book sums up much of his journey and trading methodology. John is very respected in the trading world.
A few things you will take away from this book are exact entry-exit and stop-loss levels to look for when doing swing and intraday trading, a pre-market checklist for analyzing recent market behavior, and scanning techniques for pinpointing high-probability setups.
This reads like a textbook and is a bit dry, but quality information is throughout its pages. This book is a must-have for traders, whether in options or futures. Any grade of trader would benefit from taking the time to look through this book. Analyze its wisdom and put it into proper practice.
Purchase Mastering the Trade.
How to Trade Big Trends for Big Profits
You may have heard the term options trading thrown around in chat rooms or on social media. However, they are different animals on their own. It is always recommended and even stated in this book that having a basic understanding of day trading will help you immensely with options trading.
It takes a lot of time and practice to master options trading. Swing trading with options is something I have attempted to do many times at the beginning of my trading career, but with minimal success. I liken it to a lack of consistency, greed, poor risk management, and too large positions. Sigh. The learning curve is steep with trading.
Luckily, early on in the book, Ivanov addresses those potential issues and adds more to help novices or experts, for example, regarding watch lists, filters, and so much more.
In this book, you will learn key factors: how to use momentum indicators to find stocks that could go up 50% to 80% in the next 3 to 6 months, what options and strategies to play on these stocks, and how to size your options properly. Swing Trading with Options: How to Trade Big Trends for Big Profits will allow you to have the opportunity to learn many other things as well when it comes to swing trading options. These have been just a few of the key points.
Purchase Swing Trading with Options: How to Trade Big Trends for Big Profits.
The New Trading for a Living
With today’s busy lifestyles, you can’t always sit in front of the computer. Watching every tick and every move can eat up the entirety of your day. In Alexander Elder’s The New Trading for a Living, you will learn various ways to trade in a busy lifestyle. A few takeaways will be psychology, discipline, and risk control. This is considered more of a study guide since it introduces many new concepts.
It includes 17 challenges that challenge you to recognize various trading signals and patterns. You must challenge yourself and build up your skill sets by testing yourself! This book, overall, is great for new and experienced traders as it forces you to think in a new light. You may have slipped from this path even if you are well-versed in many of these concepts.
Purchase The New Trading for a Living.
In Depth Guide to Price Action
Price action trading is essential to learn. New or old, we can all agree that price action drives many different charting patterns and emotions of traders. Why? Because it works. Indicators are for confirmation and are lagging! The In-Depth Guide to Price Action Trading will bring new concepts to experienced traders and open a world of possibilities to new traders.
In this book, you will learn a very good risk-reward ratio. Complete swing trading strategies to apply to current markets and an in-depth analysis of price action movements and identifications. No book will make you a master trader just by reading it once and trading for a week. You will have to read this book several times to grasp its information fully, taking many notes to use in your daily trading activities. Overall, this is a great source of knowledge for any trader.
Using the information in this book, you can adapt to much of what the market will throw at you. In addition, you will learn about support and resistance and the importance of trading in certain time frames.
Traders of the New Era
This is the practical, down-to-earth version of the popular finance book “Market Wizards” by Jack Schwager. In this book, real-life, “next-door” common traders who accumulated a lot of profit and experience are interviewed by Fernando Oliveira. In case you didn’t know, he’s a former professional poker player who became a profitable day trader. How cool is that?
Fernando is a full-time trader born in Brazil. He has compiled a list of interviews with some of the largest industry traders. Traders of the New Era is a book that will give you insight into the minds of some of the greatest traders.
This book discusses many different techniques, but the primary focus is swing trading. They talk about the thought process going into the trade. Also, we talked about what these major traders thought before the trade and what they saw before entering it.
Overall, this is a great swing trading book to understand the mindset it takes to become a swing trader, what to look for, and how to approach different situations in a volatile market. A few interviews also discussed trading against high-frequency traders and what conditions cause most traders to fail. Overall, this book will please you with plenty of up-to-date advice and a few good tips to go with the techniques you have already learned.
This is a great gift for any new or seasoned trader who enjoys an analytical challenge.
Purchase Traders of the New Era.
Final Thoughts on Swing Trading Books
Trading as a technique to make money in the market? Let’s say you’re a busy parent or someone who works and goes to school. Swing trading can benefit your lifestyle in a couple of life situations. First, one does not have to sit watching the ticker all day. We all want a balanced trading schedule to live our best lives. Ideally, you’ve already completed the technical analysis and know where it will go.
You set your stock alerts, take profit levels, and stop. For this trading style, these are the books you want to bury your face in. Indeed, the books on this list will give you that next-level edge to help increase your ROI when swing trading.
Our editors independently researched the information in this article. We may receive commissions on purchases made from the swing trading books in this article.
Frequently Asked Questions
Swing trading is a profitable strategy to capitalize on short-term moves in a stock's price action. To be successful, traders need to know how to read charts and utilize proper risk management techniques.
The golden rule of swing trading is cutting your losses quickly and never chasing a falling knife. Also, dollar cost averaging only works if you know how to trade.
Swing traders are satisfied with making 10%-30% profits on trades in the short term. It's all relative to brokerage account size and trading strategy.
