Come Into My Trading Room

Submitted by Book Library on 29 April, 2010 - 02:23

Come Into My Trading Room A Complete Guide to Trading You can become a successful trader. It has been done before, and it is being done right now, today, by people around the world. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, and if you are prepared to put in the work, you have a great project ahead of you.

In Come Into My Trading Room: A Complete Guide to Trading Dr. Alexander Elder takes you far beyond the three M’s (Mind, Method, Money) of his international bestseller Trading for a Living. He teaches you to manage your money and time, as well as strategy, so that you can enter the markets with confidence and exit with profits. This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. You get to follow him through several actual trades, whose entries and exits illustrate many of the key concepts of this book.

Come Into My Trading Room offers:

  • A complete introduction to trading essentials
  • An overview of trading psychology, both individual and mass psychology of the markets
  • A practical overview of technical analysis, including new indicators and systems
  • A step-by-step guide to risk control and money management
  • Exact instructions for keeping records and organizing your time
  • A visit to Dr. Elder’s private trading room, reviewing several of his recent trades

Be sure to work through the companion volume to this book–Study Guide for Come Into My Trading Room–before you risk a dollar in the markets. The Study Guide features 100 questions and answers and almost 50 charts to test your knowledge. Grade yourself to make sure you know enough about the nine key areas of trading. Work through eight case histories, select entry and exit points, and find out how well you understand what needs to be done in every trade. Use Dr. Elder’s Study Guide to make sure that you can measure up to your competitors and surpass them.
Come Into My Trading Room will help you master a new way of trading stocks, futures, options, and currencies. Unparalleled depth and a wide range of coverage give you the best chance to become the trader you’ve always wanted to be.

Positive Review of Book

I really enjoyed the first book by Dr Elder, "Trading for a Living" very much. I have just finished Dr Elder's new book, "Come Into My Trading Room" and have enjoyed it very much too. There are several new ideas in the new book. A lot of the material in this book was presented in "Trading for a Living". It is the best book that combined the 3Ms Mind, Method and Money Management required for successful traders. It expands on the methods presented in "Trading for a Living" and makes the triple screen concept very clear.

I think the great difference between this book and other trading books is Dr Elder's background as a psychiatrist. He provides valuable insights into understanding the human element of market behavior, and the individual trader that makes his work unique. Dr Elder shares his own, successful trading strategy in a clear, concise, and easy to understand style. He does a great job showing some of his successful trades. I'm sure this is one of the finest books on developing trading skills. It is not only fun and easy to read but it is profitable. It pays back.

Negative Review of Book

This guy is so NEGATIVE!!! I have traded for 3 years and must admit his first book was ok, it made me very conscious of expenses and their impact on your profitability. (Most traders make 1 to 2 cents a share so trading costs must be controlled.) Guess what, Elder goes back over this area again and again and again.
Elder is not a good writer. He wanders, he repeats himself, he goes off about a "loser" trading gold futures instead of spending time with his family. He writes about owning a PC with kilobytes instead of megabytes. It's so hopelessly mixed up that I hope he gets to the point. But there is none. Save your money, the guy can't write.

Author Biography

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.

Table of Contents

    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
    1. Mind - the disciplined trader
      • Sleepwalking through the market
      • A remedy for self-destructiveness
      • The mature trader
    2. Method - technical analysis
      • Basic charting
      • Indicators - five bullets to a clip
    3. Trading
      • System testing
      • Triple screen update
      • Day-trading
      • The impulse system
      • Market thermometer
      • Exiting trades
      • Choosing what to trade
    4. 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
    1. The organized trader
      • Trader's spreadsheet
      • The equity curve
      • Trading diary
      • Action plan
    2. Trading for a living
      • Discipline and humility
      • Have you got the time?
      • The decision-making tree
      • Beginner, semipro, pro
      • Going pro
    3. Come into my trading room
      • Excerpts from the diary
      • Your next trade
      • Acknowledgements
      • Sources

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