The New Trading For A Living: Psychology, Discipline, Trading Tools And Systems, Risk Control, Trade Management
  • The New Trading For A Living: Psychology, Discipline, Trading Tools And Systems, Risk Control, Trade Management
  • The New Trading For A Living: Psychology, Discipline, Trading Tools And Systems, Risk Control, Trade Management
  • The New Trading For A Living: Psychology, Discipline, Trading Tools And Systems, Risk Control, Trade Management
ISBN: 1118443926
EAN13: 9781118443927
Language: English
Release Date: Oct 27, 2014
Pages: 304
Dimensions: 0.9" H x 10.1" L x 7.3" W
Weight: 2 lbs.
Format: Hardcover
Publisher:

The New Trading For A Living: Psychology, Discipline, Trading Tools And Systems, Risk Control, Trade Management

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Book Reviews (11)

5
  |   11  reviews
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5
   One of the best.
If you want to do this for living and survive the brutality of the markets, this book is a must read. The Risk Management section is alone worth the price of the book. The key to success is risk management. I am not a huge fan of Elder's setups, but his approach to testing, risk management and pure aspects of trading are philological gold. I agree with you completely on developing a system that gives less signals and less trading. Not forcing trades and taking trades that are 100% part of the plan, no deviations, no winging it. Here there are some really great reviews, so I am not going to bore anyone with another. But buy this book, read it, comprehend it and follow it. Forget about the money and trade well. Trade the trade, plan the plan.
 
5
   Trading for a living
Fantastic reading : I have read 40-50 books about trading, and this is one of the best. As a trader in the world, detailed and real world trading advice from experts is not always helpful, but can be drafted with the intention of selling that author's trading system. I was pleasantly surprised '' that Mr. Elder focused on teaching as opposed to selling. I learned a lot that will greatly help me become a better trader in my endeavors.
 
5
   He's done it again, written the most down to ...
He's done it again, written the most down to earth book about how to trade successfully, whatever your trading style.
 
5
   The psychology part of the trading is the best advice he gives
The psychology part of trading is the best advice he gives, other than that it is really for beginners.
 
5
   A must read classic
I really like the approach of Dr. Elders to trading, very well described in this book. It is not just trading, but discipline, record - keeping, emotion - management and the environment to make the right decisions. The book is very well written, easy to read and describes trading from a calm professional approach. Since then, I have purchased one more of Dr. Elder's books, and they help complete the picture. This book contains plenty of charts, real life examples, walks you through the decision making process and deals with practical details of trading and money management very well. This is definitely a must have item.
 
5
   Trying to implement
After reading several trading books, I find this is the one I need to read and implement while reading. Currently I have a mental block, but this has enough details and explains the why behind it very well. I also received the companion study guide. Didn 't get perfect grades, which tells me that I may have been running too fast to finish the book instead of learning the material really well. I decided that I won 't read another book until I have applied it in my trading. I create what is in the book and take my own trading plan and setup rules and system configurations. Here are some things that I haven 't heard in any of my 12+ other books or read in any of my classes or YouTube videos. I believe that these rules will help me create my personal trading plan and set ups that will provide the edge I need to overcome my mental block.
 
5
   and I love it. I'm sure this is one of the ...
At the time, I have read about one third of this book, and I love it. I'm sure that this is one of the best and most practical books on this subject. But be realistic, do not expect the golden goose with the realistic eggs, although this may come close. Older puts you to work. Trading takes some serious time to master and experience before you test it. This book is not for the lax, but for the hard working retail trader with serious and realistic goals. If you are one of the latter, go and buy it.
 
5
   An absolute MUST HAVE for anyone who wants to learn more about trading
I have read several books about trading and this is the best. If you want to gain more knowledge and become better or if you are just beginning to trade, save your money and instead of buying multiple books, just get this one. From trading tools and systems, trade management techniques, reading the charts, controlling your risk and learning to keep your emotions in order and not necessarily following the crowd like a sheep, this book is your must have. I do not consider myself a trading guru, but I read the information and understood the book with ease.
 
5
   LOVE this guide
This guide is LOVE! Has helped me become more disciplined and understand the psychology that drives market movements directly affecting my decision making. Before this road map, I was even less breaking, now I'm steadily building up equity. Rather than merely a formula to trade, it teaches you to understand what is happening in the market and act accordingly. Continuing my education on Elder's SpikeTrade. com website and finding the membership cost completely worth it.
 
5
   It's the best there is for beginners
This is the best trading book I have ever read. Getting all this information in a well-written volume is worth the price. Suggestions for the next edition : More charts covering technical analysis features, e.g. RSI bullishbearish divergences is known. A chapter on the valuations of companies or ways to research what a company could be worth.
 
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