Alexander Elder – Trading for a Living
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Author: Alexander Elder
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Trading for a Living is a first financial trading book of the prominent trading writer and teacher Alexander Elder. It shows the most common mistakes that traders fail to recognize and correct in their styles and that prevent them from become financially independent. Trading for a Living shows all the benefits of being a trader — the freedom, the excitement, the quality of life. Becoming a financial trader isn’t something hard to do, it’s just hard to hold down your emotions and begin to think of trading as a serious long-term activity. According to Alexander Elder the majority of the beginning traders fail to control their emotions, they go for the short-term success losing in the long-term period; that makes them lose money, time and a faith in a better financial future. No previous trading experience or knowledge is required to read and understand this book.
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.
About the Author
Alexander Elder, M.D., was born in Leningrad and grew up in Estonia where he entered medical school at the age of 16. At 23, while working as a ship’s doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He continued to work as a psychiatrist in New York City, served as the book editor of The Psychiatric Times, and taught at Columbia University. After becoming involved in financial trading, Dr. Elder published dozens of articles, software, and book reviews and spoke at many conferences. In 1988 he founded Financial Trading Seminars, Inc., an educational firm for traders. Dr. Elder consults for individuals and financial institutions and conducts seminars for traders. His firm produces videotapes on trading and supplies trading books.
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