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The trading bible for the new millennium In Come Into My Trading Room , noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundamentThe trading bible for the new millennium In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader--identifying new, little known indicators that can lead to huge profits.Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. Come Into My Trading Room reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization--with the goal of turning anyone into a complete and successful trader.By showing traders how to combine the elements of mind, method, and money, Come Into My Trading Room gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to Come Into My Trading Room again and again.Dr. Alexander Elder (New York, NY) is a professional trader, technical analysis expert, and practicing psychiatrist. He is the founder of Financial Trading Inc., providing intensive trading camps to traders all over the world. Elder's first book Trading for a Living (Wiley: 0471592242) and the companion study guide have sold over 160,000 copies....

Title : Come Into My Trading Room: A Complete Guide to Trading
Author :
Rating :
ISBN : 9780471225348
Format Type : Hardcover
Number of Pages : 320 Pages
Status : Available For Download
Last checked : 21 Minutes ago!

Come Into My Trading Room: A Complete Guide to Trading Reviews

  • Matthew
    2019-06-11 02:33

    Really good. Repeats some material from Trading For A Living but because the repetition is selective, it helps to emphasise what Elder really thinks is important. He also adds a lot of new material, less around technical analysis and more around money management. Elder's greatest contribution, I think, remains that he is able to eliminate the impression of traders as being money-hungry, quick trading, stock price obsessed speculators, and give a sense of method behind the market madness. Traders are, as he notes, opinionated but flexible, confident but cognizant of the limits of their knowledge, socially contrarian, skeptical and unemotional (as far as possible) when making decisions, and a bunch of other nice sounding virtues. Hmm -- flattery perhaps, but really it gives one a sense of the kind of person one must be to be a good trader, rather than just a set of techniques. My only complaint is that his books are really expensive, but its hard to use the library editions because you want to underline so much stuff.

  • Mike Oksenenko
    2019-05-24 00:36

    Best reading order:1) To Trade or Not to Trade (Alexander Elder)2) Two Roads Diverged (Alexander Elder)3) Trading for a Living (Alexander Elder)4) Entries and Exits (Alexander Elder)5) Come Into My Trading Room (Alexander Elder)6) Sell and Sell Short (Alexander Elder)

  • Linda
    2019-05-27 06:50

    This is an interesting book on trading methodologies. It's strength is actually not on the details of trading but on managing risk and making a plan. It's weakest on how one makes the decisions on which trades to take. He proves general rules but doesn't get into enough details of the technical analysis to actually implement them unless the reader already knows TA or gets another book. Despite that shortcoming, I found the rest of the book worthwhile and useful. I'll just need to brush up on technical analysis to put it into use.

  • Sujata Sahni
    2019-06-05 06:32

    His book aims to convert a babe in the wood into an intellegent Financial Trader by differentiating between Investing, Trading and Gambling. The three M's of successful trading are Mind : Being disciplined, Method : Technical Analysis and Money Management via position sizing and applying the 2% and 6% rules as safety nets. The book provides effective tools to work as an organized trader via Trading Plan, Trading Spreadsheet, Trading Diary and Action Plan. He also also shared excerpts from his Trading diary.

  • Jimmy Scharpf
    2019-06-03 01:48

    Very educational for a novice trader. Note: trader, not investing. Must keep in mind that Mr. Elder is referencing mostly equity trading and longer term time periods as in days or weeks. If you are interested in more day trading education, as I was, his ideas still hold but don't follow his examples verbatim, apply and adjust them to your needs. His insight is very useful, especially his technical expertise.

  • David
    2019-05-25 02:56

    Yet another trading book that spends most of the time discussing the psychology of trading, risk mgt, etc. The world hardly needs another one,not saying that it is not needed for trading, but how many times should one be told.......if a first read ok. Not the best I've read, go read Tharp.

  • Rohit
    2019-06-12 00:38

    A definite read, even for understanding mindset with which you should approach trading. Thumbs up!!

  • Enrique
    2019-06-02 02:42

    Nice book to understand a bit more how the market works

  • Ahmet Kara
    2019-06-15 03:34

    Alexander Elder's books have taught me a lot. This title was helpful especially in getting the ABC of trading business.

  • Lourens
    2019-06-03 01:40

    Elder’s second book was quite an enjoyable ‘easy’ read. Not something easily said when it comes to books on Trading. The book is primarily split into 3 parts, Mind, Method & Money Management (and a final section on record keeping), dealing with Trading Psychology, Technical analysis and Management respectively.What stood out most for me was the Mind & Management parts of the book, really well written and easy to follow, topics that really make you think. I took note of a lot of his ideas and will apply some of them to my own trading plan after testing them.Being a FX trader only, I only skimmed through the Method Part as it is really geared towards trading the stock/shares, options and future market.Trading books can sometimes be quite a struggle to get through, not so with this one. I will be reading it again after I have gone through all my notes. I highly recommend it to any trader, especial the Mind, Management and Record Keeping parts.

  • Peter
    2019-05-19 05:51

    I first read this book nearly ten years ago when I was trading heavily and still occasionally refer to it. It is an excellent follow up to Trading For a Living and for those interested in short term trading I would recommend both these works. Fortunately, I realized the folly and stress that goes with short term trading and have moved on. For every person who says that they can time the market I now respond, "That's fantastic because Warren Buffet says that's something he can't do. You must be smarter than Warren." I've even attended seminars where I've heard Dr Elder say that Buffet got his timing wrong on certain investments. That's one removed from criticizing Einstein. Having said that, Dr Elder's books are very very good and my one criticism of them is that after reading them there is a tendency to trade for shorter terms and more frequently.

  • Terry Kim
    2019-05-25 00:49

    Pretty good book for a beginner to intermediate trader. The first half of the book is quite basic, although it is described quite well. The author reveals his trading system/strategy with some of the custom indicators and idea behind the strategy (I'm sticking with a different strategy so I've skimmed through these pages). There were some great wisdom towards the end of the book, such as mindset/habits of a professional trader. Emphasis on record keeping / journaling and consistently improving yourself as a trader. Very US Stock focused book, has a bit about Futures, and little about Options and Forex. Recommend for beginning traders but maybe not so much for traders who're making money already.

  • Wayne
    2019-05-30 06:44

    This has to be the best book that I've read on the subject of trading so far. This is not a book that is going to teach you the technicalities of trading such as patterns and trend indicators. Instead he spends the majority of time discussing the psychology, discipline, money management and risk management of trading. This is a book that I wouldn't recommend for folks who are brand new to the subject, but definitely a must read for everyone before they actually start putting their money to work in the markets. This book really hits the mark in the sense that it talks about all the important subjects that aren't as entertaining, but are the real deal for people who want to make trading a living.

  • Joseph
    2019-06-18 06:36

    This is a sequel to his first book, Trading for A Living.It's an excellent book for those who wish to invest/ trade in the capital market.His central idea can be summarized into 3 main categories:(1)mind - trading psychology(2)method - trading system/ techniques(3)money management - 2%/6% rule. I especially like the first part on psychology because the author really pointed out all the flaws in the mind of an amateur trader. While I have my own method for stock trading, I must say the money management rule (i.e. stop loss) is very similar to what other traders/investors echo (e.g. O Neil's 7-8% stop loss without any exception). Highly recommended for all

  • Alvin Lim
    2019-05-17 23:49

    The trading bible for the new millenniumIn "Come Into My Trading Room," noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling "Trading for a Living." Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundament...

  • Barnard Olii
    2019-06-07 05:42

    This is the second step of Elder's book. After you read Trading for a living, i think you must read this book. He told about the best way to trade in online trading. Based on psychological, money management and Trading method (Technical & Fundamental analysis).

  • El Bastardo
    2019-06-04 00:53

    Very inspiring

  • Doug
    2019-06-08 00:42

    Pretty much everything you need to know

  • Todd
    2019-05-24 00:56

    Dr. Elder's Master Work!!!!!