PDF Download Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder
But, what's your issue not as well enjoyed reading Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder It is a fantastic task that will consistently offer great benefits. Why you become so odd of it? Several points can be sensible why individuals don't want to review Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder It can be the dull tasks, the book Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder compilations to read, also lazy to bring spaces anywhere. Today, for this Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder, you will begin to love reading. Why? Do you recognize why? Read this page by finished.
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder
PDF Download Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder
Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder. In what case do you like reviewing so much? What concerning the kind of the e-book Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder The requirements to check out? Well, everybody has their own reason needs to read some books Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder Mostly, it will relate to their necessity to obtain expertise from guide Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder as well as intend to review merely to obtain home entertainment. Stories, tale book, and also various other entertaining e-books become so preferred now. Besides, the clinical publications will additionally be the very best need to decide on, especially for the pupils, educators, doctors, business owner, and other careers that are fond of reading.
This book Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder offers you much better of life that can create the high quality of the life brighter. This Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder is just what the people currently need. You are here as well as you might be precise as well as certain to obtain this book Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder Never ever question to get it even this is just a book. You can get this book Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder as one of your compilations. However, not the compilation to present in your shelfs. This is a valuable publication to be reading collection.
Just how is making sure that this Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder will not presented in your shelfs? This is a soft file book Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder, so you can download and install Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder by acquiring to get the soft file. It will certainly relieve you to review it every time you need. When you feel lazy to relocate the published publication from home to office to some place, this soft data will reduce you not to do that. Because you could only save the data in your computer unit and device. So, it enables you review it all over you have willingness to check out Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder
Well, when else will you discover this prospect to obtain this book Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder soft file? This is your great possibility to be below and get this wonderful publication Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder Never leave this book before downloading this soft file of Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder in link that we offer. Come Into My Trading Room: A Complete Guide To Trading, By Alexander Elder will truly make a large amount to be your best friend in your lonely. It will certainly be the most effective partner to improve your operation and hobby.
The trading bible for the new millennium
In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader--identifying new, little known indicators that can lead to huge profits.
Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time.�Come Into My Trading Room reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization—with the goal of turning anyone into a complete and successful trader.
By showing traders how to combine the elements of mind, method, and money,�Come Into My Trading Room gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to�Come Into My Trading Room again and again.
Dr. Alexander Elder (New York, NY) is a professional trader, technical analysis expert, and practicing psychiatrist. He is the founder of Financial Trading Inc., providing intensive trading camps to traders all over the world. Elder's first book Trading for a Living (Wiley: 0471592242) and the companion study guide have sold over 160,000 copies.
- Sales Rank: #29107 in Books
- Color: Multicolor
- Published on: 2002-04-19
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x 1.05" w x 6.50" l, 1.22 pounds
- Binding: Hardcover
- 313 pages
From the Inside Flap
How long will it take you to become a competent trader and how much will it cost?
What markets should you trade and how much can you expect to make?
What rules should you set, what methods should you use, how should you split your trading capital?
If these questions interest you, you picked the right book. Written by a professional trader, an expert in technical analysis, and a practicing psychiatrist, Come Into My Trading Room: A Complete Guide to Trading comes out nine years after Dr. Alexander Elder's international bestseller Trading for a Living, reflecting his latest discoveries and concepts.
Come Into My Trading Room opens with a brief primer—aptly named Financial Trading for Babes in the Woods—aimed at newcomers, but containing important information for experienced traders. It clarifies topics whose mastery is essential for everyone: what markets to trade, how to interpret financial theories, and how to handle common barriers to success.
Moving up from the basics to the heart and soul of Dr. Elder's methods, Come Into My Trading Room teaches the three key aspects of trading—Mind, Method, and Money. First, you see that the key to winning is in your mind—discipline. Then you learn how to find the best trades and make the most efficient entry and exit decisions. Dr. Elder shares his favorite analytic tools and covers system testing, day-trading, as well as longer-term swing trading, his new Impulse trading system, and a new SafeZone method for placing stops. These methods will allow you to trade with a high level of confidence in any market—stocks, futures, options, or currencies. Moving beyond technical analysis, Dr. Elder teaches you the rules of money management that are essential for your survival and success. He shows how to structure your account like a submarine, divided into many compartments, so that it won't sink if one section becomes flooded.
The next section of this comprehensive trading guide—The Organized Trader—takes you where no trading book has ever gone before. It teaches you how to organize your time and effort. You learn to select markets and design a decision-making tree. Good records help you learn from your experiences and rise to a higher level of expertise. Dr. Elder clearly outlines four types of records—three of them looking back and one looking forward—that are essential for any serious trader.
In the final section of this book, Dr. Elder delivers another first in trading literature—he invites you into his trading room and takes you with him on half a dozen of his recent trades, illustrating entries and exits with charts.
Distilling twenty years of trading and teaching experience, this book will put you on the road to mastering a new way of trading stocks, futures, options, and currencies. By the time you leave Dr. Elder's trading room, you'll be in a position to take your trading to a higher, more intelligent, and successful level.
From the Back Cover
Come Into My Trading Room
A Complete Guide to Trading
You can become a successful trader. It has been done before, and it is being done right now, today, by people around the world. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, and if you are prepared to put in the work, you have a great project ahead of you.
In Come Into My Trading Room: A Complete Guide to Trading, Dr. Alexander Elder takes you far beyond the three M's (Mind, Method, Money) of his international bestseller Trading for a Living. He teaches you to manage your money and time, as well as strategy, so that you can enter the markets with confidence and exit with profits. This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique—a visit to Dr. Elder's own trading room. You get to follow him through several actual trades, whose entries and exits illustrate many of the key concepts of this book.
Come Into My Trading Room offers:
- A complete introduction to trading essentials
- An overview of trading psychology, both individual and mass psychology of the markets
- A practical overview of technical analysis, including new indicators and systems
- A step-by-step guide to risk control and money management
- Exact instructions for keeping records and organizing your time
- A visit to Dr. Elder's private trading room, reviewing several of his recent trades
Be sure to work through the companion volume to this book—Study Guide for Come Into My Trading Room—before you risk a dollar in the markets. The Study Guide features 100 questions and answers and almost 50 charts to test your knowledge. Grade yourself to make sure you know enough about the nine key areas of trading. Work through eight case histories, select entry and exit points, and find out how well you understand what needs to be done in every trade. Use Dr. Elder's Study Guide to make sure that you can measure up to your competitors and surpass them.
Come Into My Trading Room will help you master a new way of trading stocks, futures, options, and currencies. Unparalleled depth and a wide range of coverage give you the best chance to become the trader you've always wanted to be.
About the Author
ALEXANDER ELDER, MD, is a professional trader, an expert in technical analysis, and a practicing psychiatrist. He is the founder of Financial Trading Inc., a firm that provides intensive trading camps for traders worldwide. Dr. Elder's first book, Trading for a Living, and its companion Study Guide have sold over 160,000 copies in English and were translated into nine languages. Dr. Elder's Web site is www.elder.com.
Most helpful customer reviews
506 of 514 people found the following review helpful.
Traders Magazine Review - Helen Quenet
By Helen Quenet
Book Review - Come Into My Trading Room by Dr Alexander Elder
It was with a great deal of curiosity that I began to read Come Into My Trading Room. Trading for a Living, Elders first and classic book was the second trading book I ever read and even 40 or so books on from there I still rate it in my top five and frequently recommend it to others who want a considered and honest introduction to trading.
I was interested to see how the themes and emphasis had changed and developed in the nine years since the first book was published. I had briefly read a couple of reviews that suggested it didn't add much to the previous book but I was eager to make my own mind up.
So the first question I asked myself was what hasn't changed?
The style of writing is as clear and engaging as in the first book. The layout is logical and in all key areas he suggests further, more specialised reading to take you deeper into the subjects that may interest you. For the size of the book (only 313 pages), it is very comprehensive and covers the three main areas of competence for a trader. Psychology, Technical Analysis and Money Management. So the three pillars from the first book are still very much standing.
What is different? A great deal in my opinion. The psychology section is vastly improved. I thought that to be the main weakness in the first book, with an over reliance on the AA model which (because of my professional background I have issues with) He draws the title of the psychology section from another excellent book by Mark Douglas, again giving the impression that Elder himself has been learning a lot over the past few years.
The technical analysis section goes much less into describing basic TA than the first book did and instead focuses more on the application of TA to trading. It also includes an update on a method first described in the first book the "triple screen" and a section on systems trading and system testing. As someone who is toying with developing systems at the current time I particularly enjoyed his discussion of the distinction between systems and discretionary traders.
The book is not just aimed at day traders, in fact he lays great emphasis on people examining their own motives to become day traders suggesting that you require at least a years successful experience with end of day trading before you move to intraday trading. He does ask his readers to answer tough questions about themselves and if you are able to give honest answers you will profit greatly from this book.
He also concurs with one of my prejudices, which I am happy to repeat here, he stresses that traders should take their first steps in inexpensive markets to trade. So with futures for example trading the Eurostoxx50 at 10 euros per point is a better starting point for the new trader than Dax at 25 euros per point. He also provides a helpful method for working out which markets you can afford to trade. It is this applied aspect of the book that makes it so valuable. There is no irrelevant padding here, every paragraph has relevance.
The overall balance of the book is about perfect now. In the first book the basic TA took up a large percentage of the volume, this time the sections are much more equitable, with quite rightly, money management and record keeping getting a much more through treatment than in the previous book.
One change in this book (and I did wonder if he had read Tony Oz's wonderful "The Stock Trader") is an addition of some actual trade examples. I always like seeing these because following them through gives a real insight into the traders mind in a way simple chart examples can't.
I think there is a more cautious/warning tone about this book than the first. I suspect this might be because Elder runs trading camps and has had lots of experiences with wannabe traders since writing the first book. He's very aware of the main reasons why people fail and makes these very explicit in the text.
There is also a very good and well referenced basic description of the major trading instruments their advantages and disadvantages something that was missing from the first book.
The section for new traders (or babes in the wood) as he calls them covers the basics of setting up to trade from home, which instruments and markets to look at and the issues of commission, slippage and expenses. He stresses the importance of the bottom line and the need to keep trading expenses such as commission under control
Conclusion
This is a book written by a mature trader and trader educator, who has seen and done it all and can now give the most balanced, practical and honest description of learning to trade you will find anywhere. I highly recommend it to new traders and improvers alike.
108 of 110 people found the following review helpful.
An Excellent Follow-Up to Elder's Trading For A Living
By Price Headley
Alexander Elder gained well-deserved prominence for his first book, Trading For a Living. It's one of my favorite books on trading. Out of this classic came such new indicators as the Force Index, which is one of the indicators I use regularly in my chart software. I read Elder's follow-up, Come Into My Trading Room, in hopes of learning additional insights of the Force Index. While I found some new information here, I was even more impressed by the following lessons Elder shared:
1) "Some of the best trading opportunities occur after false breakouts" - I'm finding this more and more these days, which is why I actively use my Momentum Divergence indicators to separate the fakeouts from the real breakouts. Elder does a great job showing numerous charts throughout his book, laying the groundwork for the divergence examples he explains in great depth when you step into his trading room in the final chapter with many actual trading examples. You need to understand the concept of divergence to trade today's markets more profitably, and this book will be a great help in showing you how to trade divergence setups.
2) Triple Screen - Elder explains the important of using multiple timeframes, though he advocates two to no more than three time frames. The key concept is that whatever timeframe you use, you need to go up to the next longer timeframe to get confirmation. This provides the bigger picture trend to define the nature of your trades, and then you can return to the shorter timeframe and make more tactical decisions with this broader trend in mind as well.
3) Grade Your Performance - Elder actually quantifies trading effectiveness by defining the width of the channel for a stock, and what percentage of the move the trader actually captured to determine his grade. Regardless of how a trader measures his performance, it must be tracked in order to make improvements and experience constant improvement.
4) The SafeZone Stop - While I have not tested this indicator in my systems yet, Elder's SafeZone Stop looks like a more effective way to place a trailing stop than standard moving averages. The SafeZone Stop appears to adjust more rapidly to trending versus flat periods for a stock, compared to moving averages. This new technique should easily be worth many times the price of this book by itself.
5) Chapter 9: Trading for a Living - This chapter was my most highlighted chapter, as Elder covers the stages of growth from beginning to professional trader, covering a wide range of topics on trading discipline, time management, organization and developing a viable trading plan, to highlight just a few.
All in all, Come Into My Trading Room is an excellent follow-up to Elder's Trading For A Living, and I think you'll also find it a quick and thought-provoking read.
219 of 233 people found the following review helpful.
Not crazy about it
By Andrew Kasch
Too well written for a 1-star, and you just have to respect the author of Trading for a Living. But I was quite disappointed.
Essentially it's a trend following methodology of entering on pullbacks to the 20 MA and exiting when they extend to the outer band (envelope, band, channel, it doesn't matter). Classic indicators are tweaked slightly and pitched as "Elder Indicators" which of course you can buy the disks for. Really this whole book could have been condensed to a 3 or 4 page .pdf file and not left any of the concepts out.
He advises against day-trading and questions whether it can actually be done profitably. That is pretty short-sighted of him in light of all the known profitable daytraders out there. His reasoning is that with his method it would be too difficult. That came across as egotistical and closed-minded to me.
The thing that really threw me off is that after a book teaching a trend-following system (and warning against other methods), the last section of chart examples are all counter-trend trades! Every single one of them is completely the opposite of what is taught in the book. You would think he could have thrown in at least one actual example that actually was trading the method in the book?
I joined his mailing list after reading the book and after almost two years of being on it, not one example of a trade set-up that comforms to the method in this book has been given. Instead, periodic "opinions" of market direction have been given for copper, oil, bonds, and the S&P 500. This from a guy who says don't have opinions on market direction. Too boot, all of them have been wrong! Got to wonder about this guy now, was Trading for a Living just a lucky fluke?
[...]
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder PDF
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder EPub
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder Doc
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder iBooks
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder rtf
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder Mobipocket
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder Kindle
Tidak ada komentar:
Posting Komentar