Trading for a Living: Psychology, Trading Tactics, Money Management | 
 enlarge | Author: Alexander Elder
Publisher: Wiley
Category: Book
List Price: $75.00
Buy New: $40.89
You Save: $34.11 (45%)
New (48) Used (35) Collectible (3) from $32.85
Rating:  192 reviews
Sales Rank: 8373
Media: Hardcover
Edition: 1
Pages: 289
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 9.1 x 6.3 x 1
ISBN: 0471592242
Dewey Decimal Number: 332.645
EAN: 9780471592242
ASIN: 0471592242
Publication Date: March 8, 1993
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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| • | Kindle Edition - Trading for a Living: Psychology, Trading Tactics, Money Management | | • | Audio Download - Trading for a Living: Psychology, Trading Tactics, Money Management | | • | Audio Cassette - Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Audio) | | • | Audio CD - Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Audio) | | • | Digital - Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Finance) |
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Product 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 whenthere are more buyers than sellersbuyers are more aggressive than sellerssellers are afraid and demand a premiummore shares or contracts are bought than soldI and IIII and IIIII and IVIII and IVAnswer 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.
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| Customer Reviews: Read 187 more reviews...
 For novices maybe.. November 28, 2008
ML (Singapore)
1 out of 1 found this review helpful
This book covers technical analysis and money management for novice traders. If you are a novice you might want to buy this book. Alternatively you might want to buy a couple of books with more focused content. Books that take you to a higher level of understanding. I provide a list of such books in some other reviews. Click through to my other reviews if you're interested. If you are not a novice this books won't give you much.
I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 1 or 2 I would not recommend buying. Books rated 4 are good solid books. Books rated 5 are very good. Naturally all in my humble opinion.
 Life Expansion November 24, 2008
Janus Gyan (Soufriere; St.lucia)
Want to know what's going on when you turn on your television and you hear them talking about the markets and all that stuff. Well look no further, I've personally made it my duty to learn about the financial world and everything that's involved in it. Trading for a living as provided me with such an insight that now I am confident i can take part in trading. This book is also for beginners who wants to make or lose money. Take it seriously and look at what it says with an open mind.
Interesting point of view October 5, 2008
Michal Kuls (PL)
I found this book very interesting. Author is a psychologist and analyses the market crowd's behavior from a psychological point of view. I read only 65 pages yet, but already have many interesting advices to use in my trading.
great chapters on psychologie September 28, 2008
Wolbers (amsterdam)
The book has 3 parts, psychologie, technical analyses and moneymanagement. This is a great book for beginners with technical analyses, but an even better book for the parts on psychologie and money management witch are the basics for every trader. No matter how good youre system is, if youre mind and money management are not in balance you will loose anyway. A must reed for every trader imho.
 A book for two audiences August 19, 2008
D. L. Fecteau (Washington, DC USA)
1 out of 1 found this review helpful
The first audience that will find this book useful consists of those new to trading. Elder provides a good overview of technical analysis, with chapters on charting, trendlines, patterns, and some well-known indicators such as MACD, momentum, Stochastics, RSI, etc. He doesn't overwhelm the reader with information and he also provides trading rules.
The second audience, people who have been trading a while and who have survived long enough to know they need to find out some more about psychology, probably won't find those chapters as interesting. But his chapters on psychology, both individual and mass psychology, are very helpful. He identifies what makes a winning versus losing trader and his chapter on risk management is outstanding. He discusses emotion and probabilities, money management, and how the professional trader must look for quality before money. One thing he stresses is that you must learn from your trades--the trade isn't over when the position is closed out. This constant study is what will help you change and improve. He also writes in an easy to understand manner. The only reason I gave this four stars and not five is that this information is that the book is very expensive for what it contains.
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