One of the best books I've read about investing is Vitaliy Katsenelson's Active Value Investing: Making Money in Range-Bound Markets. Katsenelson argues that o

One of the best books I've read about investing is Vitaliy Katsenelson's Active Value Investing: Making Money in Range-Bound Markets. Katsenelson argues that one should have a sell strategy in mind before purchasing a stock, instead of buying a stock and then holding forever, what he calls "buy and forget to sell". His book is not about day trading, but he does advocate timing, what he calls pricing, a trade so that a stock purchase is made when it's a good value proposition and sold when it becomes more fully valued. I hadn't heard the term Range-Bound markets before reading his book. He defines the term and uses it to help him make the argument that taking a more active approach to investing (i.e. buying and selling as opposed to buying and forgetting to sell) is a good strategy in bear markets and range-bound markets, and isn't a bad strategy in bull markets. It's a very readable book. I'd suggest it to anyone. Also, Katsenelson has his own suggested reading: http://contrarianedge.com/2009/10/28/books-that-will-help-gain-sanity-in-insane-market-part-2/ http://contrarianedge.com/2009/10/28/books-that-will-help-ga...