Grab Your Edition Come Into My Trading Room: A Complete Guide To Trading Illustrated By Alexander Elder Disseminated As Volume

much repetition not only throughout the book but in comparison with Trading for a living as well, This book is almost an exact copy of Trading for a living by the same author, with small added sections like Day trading, SafeZone exit strategy, and six examples of trades the author made, among which not a single loss was illustrated which is a shame.
A definite read, even for understanding mindset with which you should approach trading, Thumbs up!! Nice book to understand a bit more how the market works Very nice book, But i love trading using the Smart Money Concept Strategy or the ICT Strategy

sitelink amazon. com/gp/product/BB, . . Good trading book touches about psychology and trading discipline, I do hope I found this book earlier 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 moneyhungry, 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.
Alexander Elder's books have taught me a lot, This title was helpful especially in getting the ABC of trading business, It Includes everything new traders need to know before come into investing stock/ futures/ options,M: Mind, Method, Money. 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 intomain categories:
mind trading psychology
method trading system/ techniques
money management/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'sstop loss without any exception,

Highly recommended for all 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.
Starts off as a cheap infomercial and quickly devolves into a useless, generic tripe, Not even worth the paper its printed on, Best reading order:

sitelinkTo Trade or Not to Trade Alexander Elder
sitelinkTwo Roads Diverged Alexander Elder
sitelinkTrading for a Living Alexander Elder
sitelinkEntries and Exits Alexander Elder
sitelinkCome Into My Trading Room Alexander Elder
sitelinkSell and Sell Short Alexander Elder
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 theandrules 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, 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, Suggested for amateurs and professional trader, Elders second book was quite an enjoyable easy read, Not something easily said when it comes to books on Trading, The book is primarily split intoparts, Mind, Method amp 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 amp 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,
Introductory book on trading, . . I like them's to trading, Mind, market, management. Great book for developing traders, addresses some common topics including keeping records, risk management, etc and also somewhat uncommon topics including adding MA's to equity curves, measuring drawdowns from peak equity, ABC system, proper way to approach tips, etc.
The latter is certainly helpful for individuals wanting to take trading seriously, Also enjoyed the discussion on the amount of effort,time and mindset required to get from a beginner to a semipro and then to a professional.
At the end of the book the author provided some examples of the setups he took and the majority of them are divergences.
Interesting to note how at the end of the day there are just so many ways to trade, .