Come Into My Trading Room: A Complete Guide to Trading
The trading bible for the new millennium
In A Complete Book of Trading, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M’s (Mind, Method, and Money) of his bestselling Trading for a Living. 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 secrets of being a successful trader—identifying new, little known indicators that can lead to huge profits.
A Complete Book of Trading educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M’s, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. A Complete Book of Trading reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization—with the goal of turning anyone into a complete and successful trader.
By showing traders how to combine the elements of mind, method, and money, A Complete Book of Trading gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to A Complete Book of Trading again and again.
Table of Contents
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. Mind The Disciplined Trader.
SLEEPWALKING THROUGH THE MARKET.
A REMEDY FOR SELF-DESTRUCTIVENESS.
THE MATURE TRADER.
5. Method Technical Analysis.
BASIC CHARTING.
INDICATORS 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% SOLUTION PROTECTION FROM SHARKS.
THE 6% RULE 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. |
