Here’s my annotated reading list of investing and trading books, listed alphabetically by author. (To read these books electronically, you can either use’s FREE Kindle Reading App on Most Devices or get a Kindle.)

Technical Analysis: Power Tools for Active Investorsby Gerald Appel, FT Press, 2005. You’ll find the definition of MACD divergence in this book, along with methods for trading it. Also has a section on Rate of Change (RoC). Interesting to see that Mr. Appel did not rely solely on MACD, even though that is what made him famous.
Beat the Market: Win with Proven Stock Selection and Market Timing Toolsby Gerald Appel, FT Press, 2009. Shows a mutual rotation strategy among the market timing techniques.
Understanding MACD (Moving Average Convergence Divergence) by Gerald Appel and Edward Dobson, Traders Press, 2008. This must be a cult favorite – I have no idea why the price tag is so high. Contains a quick explanation of MACD.
Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals by David Aronson, Wiley, 2007. The author rips into technical analysis for not being rigorous enough about back-testing and applying statistical methods to performance analysis. He has a very good point.
Win By Not Losing: A Disciplined Approach to Building and Protecting Your Wealth in the Stock Market by Managing Your Risk: A Disciplined Approach to Building … in the Stock Market by Managing Your Risk by Nicholas Atkeson and Andrew Houghton, McGraw Hill, 2013. Engaging stories of people who have done well at strategic and tactical investing lead the way through this book’s accessible explanations of how to invest while managing risk.
Investment Management (Wiley Frontiers in Finance) by Peter Bernstein and Aswath Damodaran, Wiley, 1998. A paper by Ed Thorpe pointed here for details on how to apply the Kelly Criterion to portfolio management. The Kelly criterion is never mentioned although the textbook gives a varied look at issue of portfolio construction and risk management.
Jackass Investing: Don’t do it. Profit from it. by Michael Dever, Ignite LLC, 2011. Engaging myth-busting about the stock and futures markets. Advocates doing your own research and investment management.
The Truth About Money 4th Edition by Ric Edelman, Harper, 2010. Mostly this is an overview of financial planning. It does have a section on creating a diversified portfolio of investments.
Trading for a Living: Psychology, Trading Tactics, Money Management by Dr. Alexander Elder, Wiley, 1993. Well-written introduction to all the aspects of technical trading. Actually, it is almost an encyclopedia of technical analysis techniques. This is where I got the definition of MACD Histogram divergence.
The Ivy Portfolio: How to Invest Like the Top Endowments and Avoid Bear Markets by Mebane Faber and Eric Richardson, Wiley, 2009. Interesting insights into what the top money managers are doing. Contains an ETF rotation strategy.
A Beginner’s Guide to Investing: How to Grow Your Money the Smart and Easy Wayby Alex Frey, Kindle Edition, Ivy Bytes, 2011. This e-book is a really quick read at a really introductory level. Advocates a diversified portfolio of ETFs.
You Can Be a Stock Market Genius Even if You’re Not Too Smart: Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt, Simon & Schuster, 1997.
Completely different approach to the stock market! This book describes how to evaluate special situations such as spin-offs.
LeBeau, Chuck and Barton, D.R. Class notes of The Systems Development Workshop, Van Tharp Institute, 2007. This multi-day workshop goes deep on how to develop your own trading system, and how to back-test to check historical performance.
Technical Traders Guide to Computer Analysis of the Futures Markets by Chuck LeBeau and David Lucas, The Book Press, 1992. Early back-testing results of technical trading strategies.
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition) by Burton Malkiel, Norton, 2012. While I don’t believe the markets are super-efficient as claimed, I did learn a lot from this book and enjoyed the author’s sense of humor. The diversified portfolio for 50-somthings did surprisingly well in my back-tests.
Profiting from ETF Rotation Strategies in Turbulent Markets by Leslie Masonson, FT Press 2011. Short work with a single rotation strategy and a single moving average strategy.
Truth About ETF Rotation – Fund Your Retirement by Investing in Top ETFs in One Hour Per Week (Beat The Crash) by Jackie Ann Patterson, Own Mountain Trading Company, 2012. In-depth research showed ETF Rotation strategies produced superior performance over buy-and-hold of a diversified portfolio. Simple steps show how to do an ETF Rotation strategy.
Truth About MACD: What Worked, What Didn’t Work, And How to Avoid Mistakes Even Experts Make (Beat The Crash) (Volume 2)by Jackie Ann Patterson, Own Mountain Trading Company, 2014. The culmination of over a decade of experience testing, trading, and teaching the MACD technical indicator. Covers MACD Buy Signals, MACD Sell Signals, buying on MACD Divergences, and the Divergence Count Indicator (DCI).
Fortune’s Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street by William Poundstone, Hill and Wang, 2010. Very engaging stories of how a gambling system and two different investment strategies evolved. Little detail to implement a strategy but very entertaining.
The Seven Rules of Wall Street: Crash-Tested Investment Strategies That Beat the Market by Sam Stovall, McGraw-Hill, 2009. Includes sector rotation strategies that use technical criteria to choose between S&P sectors of the stock market.
Trade Your Way to Financial Freedom by Van Tharp, McGraw Hill, 2007. Here’s where to find an explanation of expectancy and R-multiples. Also some big-picture active investing strategies.
Beat the Market: A Scientific Stock Market System by Edward O. Thorpe, Random House, 1967. In this book, Edward O. Thorpe of Beat the Dealer fame, describes how he applied the bet-sizing techniques researched by John Kelly at Bell Labs and other strategies to become an extremely successful investor.
Exchange Traded Profits: Cashing In on New ETF Trading Methodsby David Vomund, Marketplace Books, 2011. Well-done back-tests of ETF Rotation systems in the first half of the book. Marketing timing instruction in the second half. Unfortunately no guidance on how to put the two together.
Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis (Wiley Trading) by Richard L. Wiessman, Wiley Trading, 2005. Lots of back-testing of moving average trading systems for stocks and commodities.

Here’s my annotated reading list of estate management books:

Estate and Trust Administration For Dummies (For Dummies (Business & Personal Finance)) by Margaret Atkins Munro and Kathryn A. Murphy, For Dummies, 2013. Extensive guide details the tasks of managing an estate or trust. Goes deep on taxes.
Beyond the Grave, Revised and Updated Edition: The Right Way and the Wrong Way of Leaving Money to Your Children (and Others) by Jeffery L. Condon. Engaging and eye-opening stories of mishaps in estates and trusts.
Estate Planning Smarts: A Practical, User-Friendly, Action-Oriented Guide, 2nd Edition by Deborah L. Jacobs, DJ Working Unlimited, Inc., 2011. High level guide that is very readable with lots of lists. I like lists!
Administering Wills and Trusts: A Layperson’s Guide for Executors and Trustees of Mid-Size Estates (Truth About Estates) by Jackie Ann Patterson, Own Mountain Trading Company, 2013. Practical how-to guide lists the steps to transfer an estate to the beneficiaries of wills, trusts, intestate (no will) estates, and Pay On Death accounts. Lots of real-world information and modern situations such as frequent flyer miles, smart phones and cars, etc.

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