Unparalleled depth and a widerange of coverage will keep all levels of traders engaged, informed, and returning to Come Into My TradingRoom again and again. Alexander Elder New York, NY is a professionaltrader, technical analysis expert, and practicing psychiatrist. Heis the founder of Financial Trading Inc.
Elder's first book Trading for a Living Wiley: Hardcover , pages. Published April 26th by Wiley first published April 24th To see what your friends thought of this book, please sign up.
Come Into My Trading Room: A Complete Guide to Trading Elder's first book Trading for a Living (Wiley: ) and the companion study guide have. Description. STUDY GUIDE FOR Come Into My Trading Room A Complete Guide to Trading. You can read Come Into My Trading Room: A Complete Guide to.
Lists with This Book. Jul 19, Matthew rated it it was amazing Shelves: 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 money-hungry, 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. Dec 25, Mike Oksenenko rated it it was amazing Shelves: Mar 10, Mario Russo rated it it was amazing Shelves: Good companion to Trading for a living book.
Jan 29, Linda rated it liked it Shelves: This is an interesting book on trading methodologies. It's strength is actually not on the details of trading but on managing risk and making a plan. It's weakest on how one makes the decisions on which trades to take. He proves general rules but doesn't get into enough details of the technical analysis to actually implement them unless the reader already knows TA or gets another book.
Despite that shortcoming, I found the rest of the book worthwhile and useful.
I'll just need to brush up on tec This is an interesting book on trading methodologies. I'll just need to brush up on technical analysis to put it into use. Jan 25, Sujata Sahni added it. 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: He also also shared excerpts from his Tr His book aims to convert a babe in the wood into an intellegent Financial Trader by differentiating between Investing, Trading and Gambling. He also also shared excerpts from his Trading diary.
Jul 19, Jimmy Scharpf rated it liked it. Very educational for a novice trader. Must keep in mind that Mr. Elder is referencing mostly equity trading and longer term time periods as in days or weeks. If you are interested in more day trading education, as I was, his ideas still hold but don't follow his examples verbatim, apply and adjust them to your needs. His insight is very useful, especially his technical expertise.
Jun 11, David rated it it was ok Shelves: 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 Not the best I've read, go read Tharp. View all 7 comments. Jul 10, Rohit rated it it was amazing.
A definite read, even for understanding mindset with which you should approach trading. Nov 07, Enrique rated it really liked it. Nice book to understand a bit more how the market works. Feb 26, Ahmet Kara rated it really liked it Shelves: Alexander Elder's books have taught me a lot. This title was helpful especially in getting the ABC of trading business.
Apr 12, Lourens rated it really liked it Shelves: Not something easily said when it comes to books on Trading. I took note of a lot of his ideas and will apply some of them to my own trading plan after testing them. 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.
May 30, Peter rated it really liked it. 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 s I first read this book nearly ten years ago when I was trading heavily and still occasionally refer to it.
You must be smarter than Warren. 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. Jan 14, Terry Kim rated it really liked it. The best trading strategies, techniques, and tools are only as good as your understanding of them.
A Complete Guide to Trading and convert Dr.
Shabbir rated it it was ok Dec 11, Heis the founder of Financial Trading Inc. Moving beyond technical analysis, Dr. Youlearn to select markets and design a decision-making tree. Value Investing Michael Van Biema. A Complete Guide to Trading will help you learn the profitable methods and techniques of Come Into My Trading Room before risking a dollar in the markets.
Elder's methods into your own powerful and profitable tools. A Complete Guide to Trading.
E-Book Information about e-books: E-books have DRM protection on them, which means only the person who purchases and downloads the e-book can access it. E-books are non-returnable and non-refundable. Added to Your Shopping Cart. This Study Guide will: Quiz you on the essentials of trading—choosing the markets to trade, finding holes in the Efficient Market Theory, and overcoming common obstacles to success Make you aware of psychological blind spots that lead to losing Test your knowledge of charting and computerized indicators Explore trading systems, day-trading, and advanced concepts, such as Impulse trading and SafeZone stops Ask questions about money management, record-keeping, and managing time Challenge you with eight case studies where you choose entry and exit points and get graded for your performance The best trading strategies, techniques, and tools are only as good as your understanding of them.
He is the founder of Financial Trading Inc.
Elder's first book, Trading for a Living, and its companion Study Guide have sold over , copies.