The SheCanTrade Summer Reading List

Summer is in full swing.

From basking on a sunny beach, to flying across the ocean for an adventure trek to bicycling in wine country, having a good book in your bag never hurts. Here's ideas on what to pack.

  1. The Big Short: Inside The Doomsday Machine by Michael Lewis
This book details the players and scenarios that led to the build up and demise of the credit default swap market and how it lead to the financial collapse of 2008. The book gives a good look in to the world of shorting, and the people who create financial products to benefit from the downfall of others. A very interesting look in to the world of exotic credit derivatives, where if you can dream it can be built and a market created to trade it.
  1. Technical Analysis of the Financial Markets by John Murphy.
This textbook style compendium of charts has been called the "bible" of technical analysis. It's an older book, but chart patterns remain the same. It's a great starting point to gain exposure to key charting concepts including
  • The philosophy of technical analysis
  • Dow Theory
  • Chart patterns
  • Volume
  • A myriad of technical indicators.
  • Japanese candlestick charting
Murphy wraps it up with money management tactics, a variety of stock-market specific technical indicators and the essentials of building a trading system.
  1. How You Can Trade Like A Pro by Sarah Potter
Any recommended reading list wouldn't be complete without my own book. :)

I wrote this book aimed at real people with the goal of demystifying markets in an easy to understand way. I provide all the basics for anyone who wants to trade with confidence. My goal is to help you succeed as a trader. This book is a great starting point.

In trading, you are your own boss. You structure your hours and your goals. Trading can be a part-time pursuit, a side gig to generate extra monthly income. For some, the goal is to transform trading into a full-time job. I'm proof that it can happen. Let me help you meet your trading goals through my options trading courses and live options trading room.

Spoiler alert: See my super fun comics sprinkled with trading wisdom and lessons that beginning and advanced traders will recognize.
  1. The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google by Scott Galloway
It's not a trading book, but the author discusses the how these 4 major technology giants (that many traders love to trade!) are impacting and transforming our society.
  1. The Mandibles: A Family 2029-2047 by Lionel Shriver
This is a fictional novel. (Thank goodness!) If you are an economics geek, you might appreciate the imagination of the author in this economic thriller.

Here's a snapshot of the story line: The year is 2029. Interest rates are spiking. A dollar crisis has emerged. Inflation is running rampant. The New International Monetary Fund is enforcing a new global reserve currency called the bancor, which is physically backed by a basket of real commodities, including corn, soy oil, natural gas, rare earths copper and gold.

As the fictional crisis unfolds, the U.S. president announces a freeze on money transfers out of the U.S. Capital controls are in place. Panicked American businessman are searched at airport departure lines and when found with suitcases bursting full of dollars – are then confiscated.

In this gripping tale, the New IMF demands that U.S. Treasury debt held by foreign investors must be redeemed in bancors. Then in one fell swoop, the U.S. President in a national address declares its debt null and void. The Treasury and the Fed declare a "reset."

Scary thought indeed! This makes for a dramatic summer read infused with market panics and a few economic lessons to boot.

Trading On the Go

Trading is an amazing pursuit because today's technology allows you to take it with you wherever you go. Even on vacation, you can analyze charts, place trades and monitor positions all from your smart phone on the go. The flexibility is one of the key factors that drew me to trading. I'm a mother and trading allows me to juggle my professional and family life on my terms. There's no daily commute to the office or defined work-hours by a boss. I'm here to help you on your trading journey. Let's trade together!

Share: What's Your Favorite Book?

I'd love to hear what you've been reading!

Tweet me @SheCanTrade or leave a Facebook comment. Let's swap titles!
 

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