Trading for a Living

Psychology, Trading Tactics, Money Management

By: Alexander Elder

Narrated by: Richard Davison

Length: 2 hrs and 58 mins

Publisher's summary

A hundred-thousand investors have turned to this best-selling guide for mastering successful trading by Dr. Alexander Elder, a professional trader, a world-classs expert in technical analysis, and a practicing psychiatrist. He believes that successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps discipline your Mind, shows you the Methods for trading the markets, and show you have to manage Money in your trading accounts.

Trading for a Living will help you master:

Individual pyschology: How to become a disciplined trader

Mass psychology: Know when to join the crowd and when to leave it

Classical charting: Identify support and resistance, place stops

The neglected essentials: Read volume, open interest, and time cycles

Psychological indicators: Profit from contrary opinion theory

Trading systems: Learn about the Triple Screen trading system

Risk management: All about stops and profit targets

©1993 Alexander Elder (P)2000 Penton Overseas, Inc.

Read this if you want to know WHY things work.

This author taps into the motivation and therefore many of the practices of the stock traders who will be your competitors. If you are new to trading, and specifically if you are interested in day trading, this is the best starting point for you. I actually went through this book 3 times so far. As I apply the principles he lays out in the actual market trading, I go back through with a better understanding of what I leaned in this book, I have picked up many nuances that I had missed the first time around.

Great Listen and easy to understand

Dr Elder had a great way of articulation that make the complexity of market psychology manageable to understand. His analogy of bull and bear in the market provide a great view of how market move. The narrator is also very clear and consistent that make it a great listen.

Great Info, I Recommend for Stock Traders

Covers some basic but good market psychology. Picked up a few quick pieces of information that are handy too. Easy listening.

My trading bible

Outstanding book with a great narrator. Required reading for any trader from any background or experience level. 10/10

Must read for traders

Must read for traders. When you listen to this book you will come to realize that thousands of points will make total sense! Use them to succeed. Thank you Alexander Elder.

good insights of what needs to be done as a trader

love tbe story. good insights about disapline and trading long term investing is the key

Trading for a living

I have been day trading for a few years now and after listening to the audio book, I have learned a few more techniques to add to my trading knowledge.

Can’t recommend this book enough!!!

One of my all-time favorite audio books!!!!
An absolute must read for new or aspiring traders.
I listen to this a few times a year.
The narrator couldn’t be better in my opinion!!

Great! FYI: it assumes a bit of previous knowledge

The content is excellent. But if you are a true, absolute beginner, as I am, then you will find it difficult to understand what all the terms mean. Like what a stop is, what going long means, shorts, futures, etc. This is of course part of the process of learning and not the author's fault. I don't think this book was written for beginners. Get it anyway because the content really is great but be sure to make a note of all the terms you don't recognize to look them up later! Having listened to this I feel like I am at an advantage over many people despite being an absolute beginner.

The more you read this, the more it makes sense.

Underestimated this book to be just for newbies. The more I trade, the more I get what this book is trying to teach me.