Elder Come Into My Trading Room

A Complete Guide to Trading
1. Auflage 2002
ISBN: 978-0-471-27382-0
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 320 Seiten, E-Book

Reihe: Wiley Trading

The trading bible for the new millennium
In Come Into My Trading Room, noted trader andauthor Dr. Alexander Elder returns to expand far beyond the threeM's (Mind, Method, and Money) of his bestselling Trading for aLiving. Shifting focus from technical analysis to the overallmanagement of a trader's money, time, and strategy, Dr. Elder takesreaders from the fundamentals to the secrets of being a successfultrader--identifying new, little known indicators that can lead tohuge profits.
Come Into My Trading Room educates the novice andfortifies the professional through expert advice and proven tradingmethodologies. This comprehensive trading guide provides a completeintroduction to the essentials of successful trading; a fresh lookat the three M's, including a proven, step-by-step money managementstrategy; and an in-depth look at organizing your tradingtime. Come Into My Trading Room reviews thebasics of trading stocks, futures, and options as well as crucialpsychological tactics for discipline and organization--withthe goal of turning anyone into a complete and successfultrader.
By showing traders how to combine the elements of mind, method,and money, Come Into My Trading Room givesreaders the knowledge and insight to enter the market withconfidence and exit with profits. 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.
Dr. Alexander Elder (New York, NY) is a professionaltrader, technical analysis expert, and practicing psychiatrist. Heis the founder of Financial Trading Inc., providing intensivetrading camps to traders all over the world. Elder's first bookTrading for a Living (Wiley: 0471592242) and the companionstudy guide have sold over 160,000 copies.

Autoren/Hrsg.

Elder, Alexander

Inhaltsverzeichnis

Dedication iv
Introduction 1
HOW THIS BOOK IS ORGANIZED 2
MALE OR FEMALE? 4
PART ONE FINANCIAL TRADING FOR BABES IN THE WOODS 5
1 Invest? Trade? Gamble? 7
AN INTELLIGENT INVESTOR 7
AN INTELLIGENT TRADER 8
AN INTELLIGENT GAMBLER? 12
2 What Markets to Trade? 15
STOCKS 16
FUTURES 18
OPTIONS 20
3 The First Steps 25
THE EXTERNAL BARRIERS TO SUCCESS 25
GETTING YOUR GEAR 32
ANALYSIS AND TRADING 39
PART TWO THE THREE M'S OF SUCCESSFUL TRADING 45
4 Mind--The Disciplined Trader 47
SLEEPWALKING THROUGH THE MARKET 49
A REMEDY FOR SELF-DESTRUCTIVENESS 54
THE MATURE TRADER 61
5 Method--Technical Analysis 67
BASIC CHARTING 68
INDICATORS--FIVE BULLETS TO A CLIP 84
6 Trading 123
SYSTEM TESTING 125
TRIPLE SCREEN UPDATE 128
DAY-TRADING 138
THE IMPULSE SYSTEM 157
MARKET THERMOMETER 162
EXITING TRADES 165
CHOOSING WHAT TO TRADE 183
7 Money Management Formulas 215
NO MATH ILLITERATES 217
BUSINESSMAN'S RISK VS. LOSS. 218
THE 2% SOLUTION--PROTECTION FROM SHARKS 220
THE 6% RULE--PROTECTION FROM PIRANHAS 223
POSITION SIZING 227
MONEY MANAGEMENT STEPS 230
PART THREE COME INTO MY TRADING ROOM 233
8 The Organized Trader 235
TRADER'S SPREADSHEET 236
THE EQUITY CURVE 238
TRADING DIARY 240
ACTION PLAN 242
9 Trading for a Living 245
DISCIPLINE AND HUMILITY 247
HAVE YOU GOT THE TIME? 251
THE DECISION-MAKING TREE 257
BEGINNER, SEMIPRO, PRO 264
GOING PRO 267
10 Come Into My Trading Room 271
EXCERPTS FROM THE DIARY 273
YOUR NEXT TRADE 298
Acknowledgments 301
Sources 303
Index 307
About the Author 313

Über Autor(innen)

ALEXANDER ELDER, MD, is a professional trader, an expertin technical analysis, and a practicing psychiatrist. He is thefounder of Financial Trading Inc., a firm that provides intensivetrading camps for traders worldwide. Dr. Elder's first book,Trading for a Living, and its companion Study Guidehave sold over 160,000 copies in English and were translated intonine languages. Dr. Elder's Web site is www.elder.com.