Read The New Trading for a Living: Psychology, Trading Tactics, Risk Management, and Record-Keeping by Alexander Elder Online

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The best-selling trading book of all time--updated for the new era"The New Trading for a Living" updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader.This classic guide teaches aThe best-selling trading book of all time--updated for the new era"The New Trading for a Living" updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader.This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. "The New Trading for a Living" incudes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system.All charts in this book have been updated and are in full color, with clear comments on rules and techniques. The clarity of this book's language, its practical illustrations and generous sharing of the essential skills have made it a model for the industry--often imitated but never duplicated. Both new and experienced traders will appreciate its insights and the calm, systematic approach to modern markets."The New Trading for a Living" expands upon the original to become an even more valuable resourceOvercome barriers to success and develop stronger disciplineIdentify asymmetrical market zones, where rewards are higher and risks lowerMaster money management as you set entries, targets and stopsUse a record-keeping system that will make you into your own teacherSuccessful trading is based on knowledge, focus, and discipline. "The New Trading for a Living" will lift your trading to a higher level by sharing classic wisdom along with modern market tools....

Title : The New Trading for a Living: Psychology, Trading Tactics, Risk Management, and Record-Keeping
Author :
Rating :
ISBN : 9781118443927
Format Type : Hardcover
Number of Pages : 304 Pages
Status : Available For Download
Last checked : 21 Minutes ago!

The New Trading for a Living: Psychology, Trading Tactics, Risk Management, and Record-Keeping Reviews

  • Alaeddin Hallak
    2019-05-25 03:27

    The key message in this book:Success on the market is determined by knowledge, focus and discipline. With a firm understanding of the traps of individual and crowd psychology, and confidence in classical chart analysis, you’re well on your way to earning your living as a trader.

  • Marty
    2019-06-12 05:52

    This book is amazing.

  • Meriska Mutiara
    2019-06-05 23:39

    Now I know why this book is always on the traders' recommendation lists, because it's a really great book for beginner. Easy to read, nothing too technical that will make you lose interest quickly, perfectly written to be understood well even for a newbie peasant like me.

  • Angel
    2019-06-13 04:29

    One of my favorite trading books thus far. Great info all around. If you have any desire to trade stocks, I'd suggest reading this first.

  • Kelly
    2019-06-07 06:37

    The parts of this book dealing with the psychology of trading and markets are worth reading no matter how active you are in the market. Straight, direct, plain talk.

  • Karel
    2019-05-25 01:39

    quite average trading book in comparison, but good start for the beginners.

  • Amit
    2019-05-23 06:27

    Beautiful book. Especially for the people who are new to trading but still are blindly trading everyday and making huge losses.All concepts are well written and explained. Looking forward to start with his next set of books.

  • Chrysostom
    2019-05-30 04:23

    Reviewed by CM on behalf of Chrysostom Capital Partners/Capital Managment. ****1/4I have not read the original so I can not compare it. A beautifully printed and bound hodge-podge of helpful hints for semidiscretionary traders, including trading psychology, basic risk management and position sizing, a range of technical analysis from basic to advanced (though not basic enough a man without any competence in TA could benefit: strong focus on indicator divergences and unfair dismissal of classic charting and trendlines) and record-keeping, enough for a private trader and beneficial for learning but not nearly enough for professional compliance (but the book isn't a tax manual either). Elder circles around the insight that profit comes from money management and risk management more than good entries, but never quite drives the point home, instead focusing on the concept of the 'A trade', of which a quarter at least is defined by the 'high probability entry'.Additional materials available for download are helpful - I do not know about the (ostensibly free) site, SpikeTrade, with trade journal forms, etc. mentioned several times.This is a good complement to 'Trade Your Way to Financial Freedom' (risk management and psychology - what was it Yogi Berra said about theory and practice), 'Technical Analysis of the Financial Markets' (TA), 'The Definitive Guide to Point and Figure' and 'The Encyclopedia of Technical Market Indicators' (advanced TA), and 'Reminiscences of a Stock Operator' (everything) as a basic educational course for the autodidactic semi/discretionary trader in all markets, later to be supplemented by market- (such as options) and technique-specific books, and hopefully eventually ones on machine learning, pattern recognition, and system optimization for those who become serious about 'Trading for a Living'.Some sections stronger than others, I give between 3.5 and 5.1 stars overall: let's call it 4.25.

  • erjan avid reader
    2019-06-13 00:27

    i picked this book cuz many recommended it to me and it regularly hits the top positions in many "must read trading books" lists.It covers same concepts any other book on trading covers - psychology, discipline, mindset etc.the analogy of a loser trader and alcoholic is staggerring! Every loser trader must say to himself he is a loser before he trades! funny approach!It mentions Mark Douglas's books - "disciplined trader". This book is more about psychology and risk management, I don't really like his 3 screen system.update 2: after having delved into the book about 50% , i can say this has alot of water filler content - description of technical indicators like macd, rsi,cci,ema,atr,wr etc - absolutely unnecessary stuff.overall, i feel this book does not deserve a high review, cuz it is a typical trading book - gives same advice as others - it only touches the emotional swing process that happens in newbie's mind, i d love to see an indepth review like in "trading in the zone".Here you will find nothing as deep or as close to that! I will read parts, bits and pieces of this book but only so much.update 3: pretty dissapointed with it, just a bunch of old truths, descriptions of rsi, macd, bits of risk management & psychology.THERE ARE BETTER BOOKS, follow me and find out!

  • Scott
    2019-05-31 03:36

    Coming from a "buy and hold (and hope you guessed right)" kind of investing for the past 10+ years, this book was a good wake-up call. I wanted to learn more about "trading", and this book gave me a great overview of day & swing trading. This book covered a lot of ground, and I think a second re-read will be in order. It sets out from the start about divorcing yourself from your trades, make logical decisions, limit your risk with stops, good trades tend to have good patterns in multiple timeframes, make good trades and $ will follow, don't fight trends, fade the false break-outs, set a plan, follow it, track all the important data for each trade, keep a record of how you performed for each trade, review those records. The services (website) the author runs were mentioned about every other chapter, but for the most part did not seem too hard of a sell. I enjoyed the book, and plan to review it again to get more from the various indicators and oscillators it covered early in the book.

  • Tadas Talaikis
    2019-06-06 01:46

    I grew up, not even more stars for the delusional efforts in vain. Can't believe it, but people just can't do paradigm shift.