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

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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.
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- Joseph

Simple and POWERFUL

I was hesitant to get this book to be honest. However, after 10 minutes in the listening, I knew I made the correct choice. Here is what makes the book great. Simple non complicated investing rules. They are simple yet good enough even for me, who does option trading. I have listened to this book 3 times over, its that good. If you are new to stocks,futures options...get this book. Even for an advanced option trader, its great!
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- Ermilo

Book Details

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