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Superb book which is both highly informative, and also delightful reading. Covers 3 primary skills essential to successful trading: Psychology, market analysis and trading methods, and principles of money management. The coverage of psychology is both from an individual perspective, and from that of the crowd, or majority of market participants. Teaches a new approach to managing your own emotions as a trader, also how to understand and benefit from the crowd psychology of markets. One of Ed Dobson's favorites. (289 pgs)
Quoted from the book cover: Dr. Alexander Elder is a professional trader; a world-class expert in technical analysis, and a practicing psychiatrist. He believes that successful trading is based on three M's: Mind, Method, and Money. First, you will see that the key to winning is inside your Mind. You will find out how to develop discipline and how to avoid the traps of emotional trading. Second, you will learn how to find good trades by using charts, computerized indicators, and other tools. You will discover how to combine several analytic Methods into a powerful trading system. Finally, you will learn how to manage Money in your trading account. The rules for limiting risks are as vital to a trader as a safety net is to a high-wire walker.
Trading For A Living
By Alexander Elder
List Price: $65.95
(Amazon.com discount price will vary.)
