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AudibleInk - Trading for a Living: Psychology, Trading Tactics, Money Management
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List Price: $75.00
Our Price: $47.25
Your Save: $ 27.75 ( 37% )
Availability: Usually ships in 24 hours
Manufacturer: Wiley
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FREE SHIPPING on Orders over $25!
Average Customer Rating:  
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Binding: Hardcover
Dewey Decimal Number: 332.645
EAN: 9780471592242
ISBN: 0471592242
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 289
Publication Date: 1993-03-08
Publisher: Wiley
Studio: Wiley
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Editorial Reviews:
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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 IV
Answer 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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Spotlight customer reviews:
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Customer Rating:
Summary: Trading for a living
Comment: This is definitely a classic for all time.I wished I had read this book 10 years ago...
Customer Rating:
Summary: Great for beginners and intermediate traders
Comment: This is a great book. Elder covers the psychology of trading and crowd behavior, risk management, and technical analysis. Written for the novice and intermidiate level trader, its all in this book.
Customer Rating:
Summary: This is a very useful book. ait contains lot of information that you don't want to miss
Comment: This is a very good book. There is lots of bright ideas in it. You want to read it many times to take advantage of it completely. After you read this book. Read " What I Learned Losing a Million Dollars"What I Learned Losing a Million Dollars. This is also a great book that you can't afford missing it. You will be able to get prepared for trading successfully after finish reading both books. Best luck trading to everyone.
Customer Rating:
Summary: Brutally Honest
Comment: A very good book or tape to listen too if you are new to the stock market. Brutally honest and pulls no punches as he explains that the market is a minus sum game designed to take no prisoners. If you are a novice trader than you will benefit from his sage advice.
Customer Rating: 
Summary: Largely A Fairy Tale
Comment: "Trading For A Living" is basically divided in two main parts. Part one is focused on the psychology of the trader. It is pointed out that people come into this endeavor full of irrationalities. And some, even after they're wiped out, remain irrational about trading, and come back to lose all over again; this book states that most traders lose and wash out and this certainly is an understatement.
The second part deals with the technical aspects of trading. Strategies and money management are covered. You won't find the pot of gold here, but it raises a few good critical points that you might develop further with lots of hard work and research. The book is missing the very important topics of win ratio, profit margin and sample size on trading systems. If you want to study and learn technical analysis you better go somewhere else because this book lacks some important details. On the positive side, technical indicators are given ample coverage. This book makes no guarantees to anyone of producing profits. I saw no proof in this book that the author could make a living off of trading.
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