Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management

Alexander Elder (Autor)

Buch | Softcover

208 Seiten

1993
John Wiley & Sons Inc (Verlag)
978-0-471-59225-9 (ISBN)

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Trading for a Living Successful trading is based on three Ma s: Mind, Method, and Money.

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.

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.

Partial table of contents:

Trading--The Last Frontier.

The Odds Against You.

INDIVIDUAL PSYCHOLOGY.

Fantasy Versus Reality.

Self-Destructiveness.

Trading Lessons from AA.

Winners and Losers.

MASS PSYCHOLOGY.

What Is the Market?.

The Market Crowd and You.

Managing Versus Forecasting.

CLASSICAL CHART ANALYSIS.

Support and Resistance.

Trendlines.

Chart Patterns.

COMPUTERIZED TECHNICAL ANALYSIS.

Moving Averages.

The Directional System.

Williams %R.

Relative Strength Index.

THE NEGLECTED ESSENTIALS.

Volume-Based Indicators.

Herrick Payoff Index.

STOCK MARKET INDICATORS.

New High-New Low Index.

PSYCHOLOGICAL INDICATORS.

Consensus Indicators.

NEW INDICATORS.

Elder-Ray.

TRADING SYSTEMS.

Triple Screen Trading System.

Channel Trading Systems.

RISK MANAGEMENT.

Money Management.

Afterword.

Sources.

Index.

Erscheint lt. Verlag	24.5.1993
Reihe/Serie	Wiley Finance
Verlagsort	New York
Sprache	englisch
Maße	152 x 226 mm
Gewicht	249 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	0-471-59225-0 / 0471592250
ISBN-13	978-0-471-59225-9 / 9780471592259
Zustand	Neuware