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Book Editorial:3
Trading for a Living: Psychology, Trading Tactics, Money Management
Alexander Elder
Rating: 4.5/5 Stars
Rank: 2298
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
trader
- How to profit from reading the behavior of the market
crowd
- How to use a computer to find good trades
- How to develop a
powerful trading system
- How to find the trades with the best odds of
success
- How to find entry and exit points, set stops, and take
profits
Trading for a Living helps you discipline your Mind, shows you
the Methods for trading the markets, and shows you how to manage Money in
your trading accounts so that no string of losses can kick you out of the
game.
To help you profit even more from the ideas in Trading for a Living,
look for the companion volume—Study Guide for Trading for a Living.
It
asks over 200 multiple-choice questions, with answers and 11 rating scales
for sharpening your trading skills.
For example: Question Markets rise
when- there are more buyers than sellers
- buyers are more
aggressive than sellers
- sellers are afraid and demand a premium
- more
shares or contracts are bought than sold
- I and II
- II
and III
- II and IV
- III and IV
Answer B. II and III. Every change
in price reflects what happens in the battle between bulls and bears.
Markets rise when bulls feel more strongly than bears.
They rally when
buyers are confident and sellers demand a premium for participating in the
game that is going against them.
There is a buyer and a seller behind every
transaction. The number of stocks or futures bought and sold is equal by
definition.
Editorial: 3 of 6
Editorials
Trading for a Living: Psychology, Trading Tactics, Money Management
Alexander Elder
Editorial
2 - 4 of 6
![]() | | 2. | From AudioFile | | The author, a psychiatrist, talks about how human nature intersects with
the investment world. Narrated with over-the-top gravitas start to finish,
the program warns the listener to keep a close eye on emotion and to... read full editorial |
![]() | | Current Editorial | | 3. | 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 |
![]() | | 4. | 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
![]() | | | The bible on psychology of the market. | | (CYPRESS, CA United States) August 28, 2001 - 5.0/5 stars | | This book is so full of information on market psychology that can be
applied to the stock market or any type of trading market, and has a clear
cut understanding about safety issues to minimize loss, how to let your
profits... read full review |
![]() | | | One of the best | | (MX) October 26, 2004 - 5.0/5 stars | | This one is the first book i read on the psychology involved in trading.
And up to now, i think i would still rate it in my top 10 books. |
![]() | | | Great guide, just a little outdated! | | (Michigan United States) December 15, 2003 - 5.0/5 stars | | This book has two sides to it. First of all, it gives some psychological
tips to investing, which is not a surprise, given that the author is
psychiatrist. I bought this book expecting psychological theory of
investing... read full review |
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