The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management

Capa
John Wiley & Sons, 27 de out. de 2014 - 304 páginas

The best-selling trading book of all timeupdated for the new era

The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader.

This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. The New Trading for a Living includes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system.

All charts in this book are new and in full color, with clear comments on rules and techniques. The clarity of this book's language, its practical illustrations and generous sharing of the essential skills have made it a model for the industry—often imitated but never duplicated. Both new and experienced traders will appreciate its insights and the calm, systematic approach to modern markets.

The New Trading for a Living will become an even more valuable resource than the author's previous books:

  • Overcome barriers to success and develop stronger discipline
  • Identify asymmetrical market zones, where rewards are higher and risks lower
  • Master money management as you set entries, targets and stops
  • Use a record-keeping system that will make you into your own teacher

Successful trading is based on knowledge, focus, and discipline. The New Trading for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.

 

Conteúdo

Introduction
1
Psychology Is the Key
3
The Odds against You
5
onE Individual Psychology
9
Reality versus Fantasy
10
SelfDestructiveness
16
Trading Psychology
19
Trading Lessons from AA
21
FIvE volume and Time
103
VolumeBased Indicators
107
Force Index
112
Open Interest
117
Time
121
Trading Timeframes
126
sIx General Market Indicators
133
Stocks above 50Day MA
139

Losers Anonymous
23
Winners and Losers
27
Two Mass Psychology
31
What Is Price?
32
What Is the Market?
33
The Trading Scene
36
The Market Crowd and You
39
Psychology of Trends
43
Managing versus Forecasting
46
ThrEE classical chart Analysis
49
Charting
50
Support and Resistance
55
Trends and Trading Ranges
60
Kangaroo Tails
65
Four computerized Technical Analysis
69
Moving Averages
74
MACD Lines and MACDHistogram
80
The Directional System
89
Oscillators
95
Relative Strength Index
99
Other Stock Market Indicators
140
Consensus and Commitment Indicators
142
sEvEn Trading systems
149
System Testing Paper Trading and the Three Key Demands for Every Trade
151
Triple Screen Trading System
154
The Impulse System
162
Channel Trading Systems
166
EIGhT Trading vehicles
173
Stocks
175
ETFs
176
Options
178
CFDs
186
Futures
187
Forex
194
nInE risk Management
197
TEn Practical Details
215
ELEvEn Good recordKeeping
233
Acknowledgments
257
Direitos autorais

Outras edições - Ver todos

Termos e frases comuns

Sobre o autor (2014)

ALEXANDER ELDER, MD, is a professional trader and teacher of traders. He is the author of several best-sellers, considered modern classics among traders. He also wrote books about Russia and New Zealand.

Dr. Elder 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 worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading.

Dr. Elder is an active trader, but he continues to teach and is a sought-after speaker at conferences in the US and abroad. Dr. Elder is the originator of Traders’ Camps – week-long classes for traders. He is the founder of the SpikeTrade group, a community of traders whose members share their best stock picks each week in competition for prizes.

Informações bibliográficas