Summaries and Customer Reviews are supplied by Amazon.com
Summary:
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 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.
Customer Reviews:
Average Customer Rating:
A Classic. Period.
Customer Rating:
I read this book a few years ago and am still going back to it often. There is always more knowledge to be gained from this book and the triple screen system opened my eyes to a new way of trading. Awesome book.
Don't start trading without it!
Customer Rating:
Most freshman traders expect to beat the market. As Alexander Elder succinctly relates in his book, the market is full of professionals who have better systems, better money management and most important of all better psyche. A beginner expecting to win big when trading is like an amateur golfer walking onto Augusta and expecting to win the Masters. It might happen but it ain't likely. If you read this book you will get the best head start possible. It may seem expensive compared to some other trading books but it may also save you a fortune. This book is packed full of good sense, fair warnings and specific advice. The advice on the psychology of trading and why most traders self-destruct is invaluable and Elder's background as a psychiatrist comes to the fore. Do not start trading without it. If you have started trading and are losing, stop and read this book.
Trading For A Living by Elder
Customer Rating:
Very Good book, Easy Read ... It's on the top of my list. I highly recommend the book for anyone who is trading or wants to trade the stock market. A beneficial read!
Very Good
Customer Rating:
Good book. Covers all the basics of trading psychology, money management, and the use of technical indicators. Highly recommended, but seems to be in need of an update.
For novices maybe..
Customer Rating:
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.
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