Trading for a Living

  • by Alexander Elder
  • Narrated by Richard Davison
  • 2 hrs and 58 mins
  • Abridged Audiobook

Publisher's Summary

A hundred-thousand investors have turned to this best-selling guide for mastering successful trading by Dr. Alexander Elder, a professional trader, a world-classs expert in technical analysis, and a practicing psychiatrist. He believes that successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps discipline your Mind, shows you the Methods for trading the markets, and show you have to manage Money in your trading accounts. Trading for a Living will help you master:
Individual pyschology: How to become a disciplined trader

Mass psychology: Know when to join the crowd and when to leave it

Classical charting: Identify support and resistance, place stops

The neglected essentials: Read volume, open interest, and time cycles

Psychological indicators: Profit from contrary opinion theory

Trading systems: Learn about the Triple Screen trading system

Risk management: All about stops and profit targets


See More Like This

Customer Reviews

Most Helpful

Read this if you want to know WHY things work.

This author taps into the motivation and therefore many of the practices of the stock traders who will be your competitors. If you are new to trading, and specifically if you are interested in day trading, this is the best starting point for you. I actually went through this book 3 times so far. As I apply the principles he lays out in the actual market trading, I go back through with a better understanding of what I leaned in this book, I have picked up many nuances that I had missed the first time around.
Read full review

- Joseph

Getting started in stocks?

I was very disappointed in this book - only because reading the forward and introduction gave me a false sense that it would give me some insight into making the leap from "hobby stock/option buyer" to a full time career trading for a living.
The book is probably good for someone without a grasp of how the markets work - the author repeats themes several times throughout the book - again, this is beneficial to those who didn't get it the first 2 or 3 times.
What you won't see is examples on how to manage your stake/money, how to handle a slump, percentages and risk management as these are much higher end topics than this book is written for.

Read full review

- RRiley "Riley"

Book Details

  • Release Date: 07-08-2005
  • Publisher: Penton Overseas, Inc.