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

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

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Average Customer Rating: Average rating of 4.0/5Average rating of 4.0/5Average rating of 4.0/5Average rating of 4.0/5Average rating of 4.0/5


Binding: Paperback
Dewey Decimal Number: 332.645
EAN: 9780471592259
ISBN: 0471592250
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 208
Publication Date: 1993-03-08
Publisher: Wiley
Studio: Wiley

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Editorial Reviews:

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.


Spotlight customer reviews:

Customer Rating: Average rating of 4/5Average rating of 4/5Average rating of 4/5Average rating of 4/5Average rating of 4/5
Summary: Accountability
Comment: 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.


Customer Rating: Average rating of 3/5Average rating of 3/5Average rating of 3/5Average rating of 3/5Average rating of 3/5
Summary: It could help some people
Comment: 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.

Customer Rating: Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5
Summary: Great follow up!
Comment: 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.


Customer Rating: Average rating of 3/5Average rating of 3/5Average rating of 3/5Average rating of 3/5Average rating of 3/5
Summary: Don't bother..
Comment: 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.

Customer Rating: Average rating of 3/5Average rating of 3/5Average rating of 3/5Average rating of 3/5Average rating of 3/5
Summary: Will not work without "Trading for a Living..."
Comment: 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. ...



 
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