Title: Come Into My Trading Room: A Complete Guide to Trading / Edition 1
Author: Alexander Elder
ISBN-10: 0471225347
ISBN-13: 9780471225348
How long will it take you to become a competent trader and howmuch will it cost? What markets should you trade and how much can you expect tomake? What rules should you set, what methods should you use, howshould you split your trading capital? If these questions interest you, you picked the right book.Written by a professional trader, an expert in technical analysis,and a practicing psychiatrist, Come Into My Trading Room: AComplete Guide to Trading comes out nine years after Dr.Alexander Elder’s international bestseller Trading for aLiving, reflecting his latest discoveries and concepts. Come Into My Trading Room opens with a briefprimer—aptly named Financial Trading for Babes in theWoods—aimed at newcomers, but containing important informationfor experienced traders. It clarifies topics whose mastery isessential for everyone: what markets to trade, how to interpretfinancial theories, and how to handle common barriers tosuccess. Moving up from the basics to the heart and soul of Dr. Elder’smethods, Come Into My Trading Room teaches the three keyaspects of trading—Mind, Method, and Money. First, you seethat the key to winning is in your mind—discipline. Then youlearn how to find the best trades and make the most efficient entryand exit decisions. Dr. Elder shares his favorite analytic toolsand covers system testing, day-trading, as well as longer-termswing trading, his new Impulse trading system, and a new SafeZonemethod for placing stops. These methods will allow you to tradewith a high level of confidence in any market—stocks, futures,options, or currencies. Moving beyond technical analysis, Dr. Elderteaches you the rules of money management that are essential foryour survival and success. He shows how to structure your accountlike a submarine, divided into many compartments, so that it won’tsink if one section becomes flooded. The next section of this comprehensive trading guide—TheOrganized Trader—takes you where no trading book has ever gonebefore. It teaches you how to organize your time and effort. Youlearn to select markets and design a decision-making tree. Goodrecords help you learn from your experiences and rise to a higherlevel of expertise. Dr. Elder clearly outlines four types ofrecords—three of them looking back and one lookingforward—that are essential for any serious trader. In the final section of this book, Dr. Elder delivers anotherfirst in trading literature—he invites you into his tradingroom and takes you with him on half a dozen of his recent trades,illustrating entries and exits with charts. Distilling twenty years of trading and teaching experience, thisbook will put you on the road to mastering a new way of tradingstocks, futures, options, and currencies. By the time you leave Dr.Elder’s trading room, you’ll be in a position to take your tradingto a higher, more intelligent, and successful level.
