Author(s): Alexander Elder
Trader and author, Alexander Elder takes his readers beyond the three Ms (mind, method and money) of his international bestseller \\
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.
Dedication. Introduction. HOW THIS BOOK IS ORGANIZED. MALE OR FEMALE? PART ONE: FINANCIAL TRADING FOR BABES IN THE WOODS. 1 Invest? Trade? Gamble? AN INTELLIGENT INVESTOR. AN INTELLIGENT TRADER. AN INTELLIGENT GAMBLER? 2. What Markets to Trade? STOCKS. FUTURES. OPTIONS. 3. The First Steps. THE EXTERNAL BARRIERS TO SUCCESS. GETTING YOUR GEAR. ANALYSIS AND TRADING. PART TWO: THE THREE M'S OFSUCCESSFUL TRADING. 4. MindA--The Disciplined Trader. SLEEPWALKING THROUGH THE MARKET. A REMEDY FOR SELF DESTRUCTIVENESS. THE MATURE TRADER. 5. MethodA--Technical Analysis. BASIC CHARTING. INDICATORSA--FIVE BULLETS TO A CLIP.6. Trading. SYSTEM TESTING. TRIPLE SCREEN UPDATE. DAY TRADING. THE IMPULSE SYSTEM. MARKET THERMOMETER. EXITING TRADES. CHOOSING WHAT TO TRADE. 7. Money Management Formulas. NO MATH ILLITERATES. BUSINESSMAN'S RISK VS. LOSS. THE 2% SOLUTIONA--PROTECTION FROM SHARKS. THE 6% RULEA--PROTECTION FROM PIRANHAS. POSITION SIZING. MONEY MANAGEMENT STEPS. PART THREE: COME INTO MY TRADING ROOM. 8. The Organized Trader. TRADER'S SPREADSHEET. THE EQUITY CURVE. TRADING DIARY. ACTION PLAN. 9. Trading for a Living. DISCIPLINE AND HUMILITY. HAVE YOU GOT THE TIME? THE DECISION MAKING TREE. BEGINNER, SEMIPRO, PRO. GOING PRO. 10. Come Into My Trading Room. EXCERPTS FROM THE DIARY. YOUR NEXT TRADE. Acknowledgments. Sources. Index. About the Author.