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Trading for a Living Psychology, Trading Tactics, Money Management

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ISBN-10: 0471592242

ISBN-13: 9780471592242

Edition: 1993

Authors: Alexander Elder, Elder

List price: $80.00
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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 traderHow to profit from reading the behavior of the market crowdHow to use a computer to find good tradesHow to develop a powerful trading systemHow to find the trades with the best odds of successHow to find entry and exit points, set stops, and take profitsTrading 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 sellersbuyers are more aggressive than sellerssellers are afraid and demand a premiummore shares or contracts are bought than sold I and IIII and IIIII and IVIII 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.
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Book details

List price: $80.00
Copyright year: 1993
Publisher: John Wiley & Sons, Incorporated
Publication date: 3/22/1993
Binding: Hardcover
Pages: 304
Size: 6.30" wide x 9.10" long x 1.20" tall
Weight: 1.540
Language: English

Introduction
Trading -- The Last Frontier
Psychology Is the Key
The Odds Against You
Individual Psychology
Why Trade?
Fantasy versus Reality
Market Gurus
Self-Destructiveness
Trading Psychology
Trading Lessons from AA
Losers Anonymous
Winners and Losers
Mass Psychology
What Is Price?
What Is the Market?
The Trading Scene
The Market Crowd and You
Psychology of Trends
Managing versus Forecasting
Classical Chart Analysis
Charting
Support and Resistance
Trend and Trading Range
Trendlines
Gaps
Chart Patterns
Computerized Technical Analysis
Computers in Trading
Moving Averages
Moving Average Convergence-Divergence (MACD) and MACD-Histogram
The Directional System
Momentum, Rate of Change, and Smoothed Rate of Change
Williams %R
Stochastic
Relative Strength Index
The Neglected Essentials
Volume
Volume-Based Indicators
Open Interest
Herrick Payoff Index
Time
Stock Market Indicators
New High-New Low Index
Traders' Index and Other Stock Market Indicators
Psychological Indicators
Consensus Indicators
Commitment Indicators
New Indicators
Elder-ray
Force Index
Trading Systems
Triple Screen Trading System
Parabolic Trading System
Channel Trading Systems
Risk Management
Emotions and Probabilities
Money Management
Exiting Trades
Afterword
Acknowledgments
Sources
Index