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Trading for a Living: Psychology, Trading Tactics, Money Management
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Binding: Hardcover
Dewey Decimal Number: 332.645
EAN: 9780471592242
Edition: 1
ISBN: 0471592242
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 289
Publication Date: March 08, 1993
Publisher: Wiley
Studio: Wiley
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Editorial Review:
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.
Customer Reviews
Average Rating: 
Rating:  - Interesting point of view
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.
Rating: - great chapters on psychologie
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.
Rating:  - A book for two audiences
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, ... Read More
Rating:  - A trading book that does not offer much
I bought this book 7 years ago when it was one of the bestsellers in the trading book catergory and I am suprise to see today that its still one of the best sellers.
Serious, I don't think I really get a lot out of this book and I don't understand why people are so crazy about it?? One reason I can think of, maybe it is a good book for absolute beginners who has no idea about trading what so ever.
But if you want to learn more about trading, ie. the skill to use, the way to manage your money. ... Read More
Rating: - Trading for a living
This is definitely a classic for all time.I wished I had read this book 10 years ago...
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