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Trading for a Living: Psychology, Trading Tactics, Money Management

Alexander Elder

Trading for a Living: Psychology, Trading Tactics, Money Management - image
Rating: 4.5/5 Stars
Rank: 2298
Soviet-born author and practicing psychiatrist Elder (director, Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle of understanding the three Ms (Mind, Method, Money), which will strengthen the discipline required to be successful in trading.

He explores crucial factors in the markets that most experts overlook, including time, volume, and open interest, and describes little-known indicators to track them profitably.

In addition, he covers many of the more technical approaches to investing in futures, such as factoring in the meaning from the Elliott Wave, oscillators, moving averages, Market Logic, and point-and-figure charting.

His unique viewpoints in this overly saturated genre explain his particular view that most traders sabotage themselves, while offering tips for others to avoid doing the same.

The narration by Richard Davidson soundly guides the listener through this highly specialized work that, although first published seven years ago, remains recommended for university libraries supporting a finance and business curriculum.DDale Farris, Groves, TX
Copyright 2001 Reed Business Information, Inc.--This text refers to the Audio CD edition.

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About the Author

ALEXANDER ELDER, MD, was born in Leningrad and grew up in Estonia where he entered medical school at the age of 16.

At 23, while working as a ship’s doctor, he escaped from a Soviet ship in Africa and received political asylum in the U.S.A.

He continued to work as a psychiatrist in New York City, served as book editor of The Psychiatric Times, and taught at Columbia University.

After becoming involved in financial trading, Dr. Elder published over 50 articles, software, and book reviews, and spoke at many conferences.

In 1988 he founded Financial Trading Seminars, Inc., an educational firm for traders.

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Editorials

Sample 3 of 6

Trading for a Living: Psychology, Trading Tactics, Money Management
Alexander Elder
 From Library Journal
Soviet-born author and practicing psychiatrist Elder (director, Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle... read full editorial
 Book Description
Trading for a Living Successful trading is based on three M’s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:How to become a cool, calm, and collected traderHow to profit from... read full editorial
 The publisher, John Wiley & Sons
An eminent futures trader explores crucial factors in the markets that most experts overlook--time, volume and open interest--and describes little-known indicators to profitably track them. Covers all the popular technical... read full editorial




Customer Reviews

Sample 3 of 51

Trading for a Living: Psychology, Trading Tactics, Money Management
Alexander Elder
 If you are halfway from an amateur to a pro, it's for you
April 6, 2003 - 5.0/5 stars
If somebody bought, read and judged the book by whether it could really help him or her to go "trading for a living", that somebody would definitely be disappointed. Even the author himself pointed out that the success rate... read full review
 Disappointing
(Santa Cruz, CA United States) July 30, 2004 - 3.0/5 stars
Elder's "Trading for a Living" is a much-acclaimed tome on, well, trading. He covers the three pillars of the trading profession- psychology (attitude), technical analysis, and money management- adequately,... read full review
 BUY Market WIZARDS INSTEAD!!
(Brooklyn, ny United States) April 22, 2003 - 2.0/5 stars
Market Wizards are the books you want to read. I read the 2 market wizard books 1st then read this book. The wizards books if full of the most fascinating, hard to EVER put down reading I have ever done. They have taught... read full review




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