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

Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management | Alexander Elder | Accountability

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Study Guide for Tr...

	Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management Alexander Elder Wiley, 1993 - 208 pages average customer review:based on 9 reviews view larger image
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highly recommended

An eminent futures trader explores crucial factors in the markets that most experts overlook?time, volume and open interest?and describes little-known indicators to profitably track them. Covers all the popular technical approaches to futures, options and stock markets including Elliott Wave, oscillators, moving averages, Market Logic, point-and-figure charting. Explains why most traders sabotage themselves and how to avoid doing the same.

Great follow up!

In order for this book to work you need to have the initial Trading for a Living. With both books together you will begin to have all of the necessary tools to conquer the most persistent troublemaker of the market...yourself.

In 200 questions you will learn a lot about yourself, your motives, and most of all your personality. This is where Dr.Elder's background shine. In order to conquer the markets you must conquer yourself.

After being involved with futures trading for 11 years and writing several books on the subject I still find books like Dr.Elder's inspirational and mentally clarifying.

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Accountability

This book provides a basis for accountability in making trades as you do. I found the psychological part the best. It is somewhat hard to implement the basic structure required by the author for me personally. However it all rings truth in it's wording. This is a work book and therefore leads the reader through a series of questions to let you know how good you understand the basic fundamentals prescribed of his book "Trading For A Living".
It has increased awareness and led me to stop making the same repetitive mistakes. And that is the basis for success in trading.

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Don't bother..

I ordered the guide along with the actual book and really never did use it. It may be cheap, but I think the book itself should be enough.

Will not work without "Trading for a Living..."

Not as advertised, this book will not work alone -, and the added value will not be that much You need to have the book "Trading for a Living: Psychology, Trading Tactics, Money Management" and the combination will be great. ...

It could help some people

What is your learning style? If you don't trust that you know something until you've taken a test, this book can help. It does an excellent job of pulling out the key topics and quizzing you on them. There are no 'silly' questions here--only the important stuff. On the other hand, if you like to read and underline, then return to the text when you are actually 'doing' the activity, then this book is probably a waste of money. One nit complaint: some of the labeling of chart features is a bit unclear. Since it is sometimes tough to tell which letter goes with which feature, answering some questions is difficult, even when you know the material.

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reviews: page 1, 2

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