Come Into My Trading Room
In Come Into My Trading Room, Dr. Elder returns to expand far beyond the three M's (Mind, Method & Money) of his bestselling Trading for a Living (118,000 + copies). 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 pro secrets of being a successful trader, identifying, as he did in his first book, little known indicators that can lead to huge profits.
A study guide is available to accompany this book (type '14570' in the search box of this bookshop).
Publisher: John Wiley & Sons
Publish date: 2002
As for other content and writing style, at least half the book is padded out with pop-psychology and Elder's grievous addiction to analogy and metaphor. His writing style sucks - maybe it's the psychiatrist in him trying to motivate people, but it passed this reader by.
Still, glad I bought it.
This is the first of his books and if you REREAD it you will find all sorts of hidden gems in it.
I liked the book, great writing by dr. alexander elder.
Interesting look at one persons style of trading.
Covers psycology of trading well and gives a
good overview of trading stocks/futures options.
Section on money management was a bit rigid, Elder recommends you risk no more than 6% a month. Why only 6%? Not 10 or some other figure.
The systems described are his own and use
MACD and his own Force index/Triple Screen. Although worth reading my not be any use to you if these dont match your style of trading.
Interesting look at one persons style and thats all it claims to be.
Above averagely priced too.
In addition, there is a great section on how you should organise your work station if you are trading at home.
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