Trading for a Living: Psychology, Trading Tactics, Money Management - Rilegato

Elder, Alexander

Rilegato

ISBN 10: 0471592242 ISBN 13: 9780471592242

Casa editrice: Wiley, 1993

Riassunto

Trading for a Living Successful trading is based on three M's:Mind, Method, and Money. Trading for a Living helps you master allof 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 takeprofits
Trading for a Living helps you discipline your Mind, shows you theMethods for trading the markets, and shows you how to manage Moneyin your trading accounts so that no string of losses can kick youout of the game. To help you profit even more from the ideas inTrading for a Living, look for the companion volume--Study Guidefor Trading for a Living. It asks over 200 multiple-choicequestions, with answers and 11 rating scales for sharpening yourtrading 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 happensin the battle between bulls and bears. Markets rise when bulls feelmore strongly than bears. They rally when buyers are confident andsellers demand a premium for participating in the game that isgoing against them. There is a buyer and a seller behind everytransaction. The number of stocks or futures bought and sold isequal by definition.

Su questo libro

L'autore:

ALEXANDER ELDER, MD, was born in Leningrad and grew up in Estonia where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he escaped from a Soviet ship in Africa and received political asylum in the U.S.A. He continued to work as a psychiatrist in New York City, served as book editor of The Psychiatric Times, and taught at Columbia University. After becoming involved in financial trading, Dr. Elder published over 50 articles, software, and book reviews, and spoke at many conferences. In 1988 he founded Financial Trading Seminars, Inc., an educational firm for traders.

Dalla seconda/terza di copertina:

You have just taken a big step away from the crowd of amateurs. By opening Trading for a Living, you’ve resolved to become a successful trader. 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. With this book, you are on your way to mastering a new way of trading stocks, futures, currencies, and options. Dr. Alexander Elder helps you embark on an intense pursuit—trading for a living.

Su questa edizione

• Editore: Wiley
• Data di pubblicazione: 1993
• ISBN 10: 0471592242
• ISBN 13: 9780471592242
• Rilegatura: Copertina rigida
• Numero di pagine: 304