The "Books and Novels" is run and managed by Alok Kumar Gupta who is the author of "Forty Five Days' Love Story" and "in Search of Happiness". This blog suggests you the best books of all time, reading whom is a great fun and learning. Here, you will get to know the central idea of the book as well as the reason to read that book. This website gives you insight on Self-help books, Motivational Books, Erotic Novels, Romance Novels, Fantasy Novels and many more genres.
Day Trading for a Living: Nine Back-Tested Intraday Trading Strategies for Consistent Earning is one of the best books on intraday trading. It can be considered as one of the best book for day trading. It is written by Rajiv LB Roy. This great book teaches nine back-tested intraday trading strategies. This book has been a good read for me and gets a chance to be in my book recommendations for intraday trading.
What is in the book ?
This Self-help book is the collection of nine back tested day trading strategies. It
teaches to trade when there is gap-up opening. This book teaches you trading
opening range breakouts, pullback and reversals. This must-read book will also
teach you to trade with the help of moving averages, MACD and super trend.
This trading
guide has been written by an author who possesses good experience in Intraday trading.
These strategies are helpful for those traders who want to make trading as
career because then, they would need intraday earnings. The best thing about
this book is the way to make an entry and exit. If you are a risk taker and can
be little disciplined, you can earn intraday profit by using these strategies. Author
has shared multiple example trades in this must-read book. After reading this
book, I can call this book as one of the best Intraday trading books.
Disclaimer: I am recommending this book because I liked the content and found the strategies to be profitable. I don't guarantee the profitability on the trades executed using the strategies of this book and I am sure, author would also not guarantee that.
Definitive Guide to Advanced Options Trading: A quantitative and no-nonsense approach to Option Selling for Income Generation is one of the best book for share market to learn options' trading. It can be considered as one of the best quantitative analysis books. It is written by Rohit Katwal. This great book teaches multiple option trading strategies. It has been a good-read for me as it taught me many option strategies, consequently it gets a chance to be in my book recommendations for option-traders.
Definitive Guide to Advanced Options Trading: A quantitative and no-nonsense approach to Option Selling for Income Generation has been written by an author who possesses good experience in options' trading. These strategies are helpful for those traders who are fed up with their triggering stop-losses. These strategies help you to create spreads where you define your risk before entering a trade, and if market goes against you, your position would not get squired off but you can wait (until expiry) for the reversal or you can manage your trade to get it in profit. Which means you can place a stop-loss which will stop your loss but would not squire off your position. Author has also shared multiple example trades in this must read book. After reading this book, I can call this book as one of the best option trading books.
Flaws in the book
The only challenge, with this book, is the language. You may have to re-read the content at few instances, due to unclear written language. However this challenge is a minor challenge, in comparison to the knowledge it provides.
Disclaimer: I am recommending this book because I liked the content and found the strategies to be profitable. I don't guarantee the profitability on the trades executed using the strategies of this book and I am sure, author would also not guarantee that.
Swing Into It is one of the best book for share market to learn swing trading. It can be considered as one of the best technical analysis books. It is written by T. Livingston who also authored Trading Within The Box and The Education of a Trader. This great book is written so well that even novice traders can perform profitable trades by applying very few techniques shared by Mr. Livingston. It has been a good-read for me and gets a chance to be in my book recommendations for swing-traders.
What is in the book:
Swing Into It is the collection of few techniques which can help you to catch the price-swings of a stock in bullish market and make good money. In this book, author has shared his methodology of trading the stocks using moving averages, Stochastic RSI and Volume indicator. Author has shared many trade examples using these techniques which helps the reader to understand how these strategies should be applied.
Why should you read this book:
Swing Into It is written by an author who is also a trader. He has shared those strategies which are very easy to understand and tested by himself. The language of this perfect book is very easy to understand. When you read this one of the best swing trading books, you'll understand below mentioned things:
Which stocks to buy
When to buy
Where should a stop-loss be placed
How many shares should be bought
When to sell
Author has also shared multiple example trades in this must read book. After reading this book, I can call this book as one of the best books on day trading.
Disclaimer: I am recommending this book because I liked the content and found the strategies to be profitable. I don't guarantee the profitability on the trades executed using the strategies of this book and I am sure, author would also not guarantee that.
"The Richest Man in Babylon" is one of the best books of all time. It is one of the best self-help books to read, written by Late Author Mr. George Samuel Clason back in 1926. This famous book helps you to help yourself to attain wealth by allocating parts of your income in a pre-decided ratios and plan. It has been a good read for me and can be considered as one of the best books ever.
Central Idea of Book :
"The Richest Man in Babylon" teaches how to become rich. There was a man in Babylon who was the richest man there. He became the richest man by following few spending and investment practices. Author talked about those practices through this must-read book. If a person follows those practices rigorously, he/she is likely to attain riches. There was a person named Bansir who was suffering from indebtedness. He was unable to find any way to repay his debts. He was asked to follow few practices which were advised by Arkad - The Richest Man in Babylon. Here is the plan of Arkad:
Ensure to save 10% of your income each month without fail.
Control your expenses; ensure not to spend anything more than what has been decided to spend.
Invest your savings to make it multiply.
Ensure to invest only where you know that your money will remain safe. You can seek expert advice too, before investing your money.
Try to have an own accommodation, so that your dwelling would also increase its value.
Put some money in insurance and pension plan, to ensure a future income.
Don't forget to invest in yourself; investing in yourself means adding new skills in you because your skills will help you to earn more.
Bansir followed these practices and invested 10% of his income. He also decided to use 20% of his income to pay debts and used rest of his income for survival. He soon paid his debts and stepped ahead on the way of riches.
There are few more such stories in this book which will tell you how different people followed above mentioned practices and overcame indebtedness, consequently attained riches.
Key Learnings:
The key learnings from this classic book are:
Always save and invest 10% of your income.
Try to pay your debts as early as possible.
Always invest in supervision of wise brain.
Don't invest in a business you don't understand.
Don't invest your money in a business that promises you to give impossible returns.
My takeaway:
Though I have been saving, investing and paying my debts on time but I have been failing to put anything in saving and investment since I lost my job during COVID-19 pandemic because I no longer earn as much as I was investing earlier. Once I read this great book, I realized that it is not important to invest a particular amount each month but it is important to invest a particular percentage of amount each month and therefore I begin investing 10% of my income irrespective of the amount I earned.
Why should you read this book:
The Richest Man in Babylon is written by a foreseeing author. This classic book is written so well that it'll motivate you to be rich. This self-improvement book contains several stories and one or the other would cover the plan for your financial need. I knew and followed all the practices mentioned in this great book already but I learned to follow them in an even better manner after reading this famous book. Therefore, this self-help book gets a place in the list of my book recommendations. So, if you want to be rich, buy this book and read it, and believe me, this book will not disappoint you.
