Profits Run - Stock, Forex, Futures, Options Trading Methods & Systems

     

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

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Binding: Kindle Edition
Dewey Decimal Number: 332.645
Format: Kindle Book
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 304
Publication Date: March 22, 1993
Publisher: Wiley
Sales Rank: 2212
Studio: Wiley



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Product Description:
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 IVAnswer 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: out of 5 stars

    Rating: 5 out of 5 stars - A Classic. Period.
    I read this book a few years ago and am still going back to it often. There is always more knowledge to be gained from this book and the triple screen system opened my eyes to a new way of trading. Awesome book.


    Rating: 5 out of 5 stars - Don't start trading without it!
    Most freshman traders expect to beat the market. As Alexander Elder succinctly relates in his book, the market is full of professionals who have better systems, better money management and most important of all better psyche. A beginner expecting to win big when trading is like an amateur golfer walking onto Augusta and expecting to win the Masters. It might happen but it ain't likely. If you read this book you will get the best head start possible. It may seem expensive compared to some other ... Read More


    Rating: 5 out of 5 stars - Trading For A Living by Elder
    Very Good book, Easy Read ... It's on the top of my list. I highly recommend the book for anyone who is trading or wants to trade the stock market. A beneficial read!


    Rating: 4 out of 5 stars - Very Good
    Good book. Covers all the basics of trading psychology, money management, and the use of technical indicators. Highly recommended, but seems to be in need of an update.


    Rating: 2 out of 5 stars - For novices maybe..
    This book covers technical analysis and money management for novice traders. If you are a novice you might want to buy this book. Alternatively you might want to buy a couple of books with more focused content. Books that take you to a higher level of understanding. I provide a list of such books in some other reviews. Click through to my other reviews if you're interested. If you are not a novice this books won't give you much.

    I have written several short reviews on trading books. The ... Read More


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    script by MrRat

    • Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

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