Editorial Reviews Product Description
Come Into My Trading Room
A Complete Guide to Trading Youcan become a successful trader. It has been done before, and it isbeing done right now, today, by people around the world. If you enjoylearning, 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 projectahead of you.
In Come Into My Trading Room: A Complete Guide toTrading, Dr. Alexander Elder takes you far beyond the three M’s (Mind,Method, Money) of his international bestseller Trading for a Living. Heteaches you to manage your money and time, as well as strategy, so thatyou can enter the markets with confidence and exit with profits. Thisessential book educates the novice and gives more power to theprofessional through expert advice, proven trading methods, andsomething entirely unique–a visit to Dr. Elder’s own trading room. Youget to follow him through several actual trades, whose entries andexits 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
ComeInto My Trading Room will help you master a new way of trading stocks,futures, options, and currencies. Unparalleled depth and a wide rangeof coverage give you the best chance to become the trader you’ve alwayswanted to be.
From the Inside Flap
How long will it take you to become a competent trader and how much will it cost?
What markets should you trade and how much can you expect to make?
What rules should you set, what methods should you use, how should you split your trading capital?
Ifthese questions interest you, you picked the right book. Written by aprofessional trader, an expert in technical analysis, and a practicingpsychiatrist, Come Into My Trading Room: A Complete Guide to Tradingcomes out nine years after Dr. Alexander Elder’s internationalbestseller Trading for a Living, reflecting his latest discoveries andconcepts.
Come Into My Trading Room opens with a briefprimer–aptly named Financial Trading for Babes in the Woods–aimed atnewcomers, but containing important information for experiencedtraders. It clarifies topics whose mastery is essential for everyone:what markets to trade, how to interpret financial theories, and how tohandle common barriers to success.
Moving up from the basics tothe heart and soul of Dr. Elder’s methods, Come Into My Trading Roomteaches the three key aspects of trading–Mind, Method, and Money.First, you see that the key to winning is in your mind–discipline. Thenyou learn how to find the best trades and make the most efficient entryand exit decisions. Dr. Elder shares his favorite analytic tools andcovers system testing, day-trading, as well as longer-term swingtrading, his new Impulse trading system, and a new SafeZone method forplacing stops. These methods will allow you to trade with a high levelof confidence in any market–stocks, futures, options, or currencies.
Movingbeyond technical analysis, Dr. Elder teaches you the rules of moneymanagement that are essential for your survival and success. He showshow to structure your account like a submarine, divided into manycompartments, so that it won’t sink if one section becomes flooded. Thenext section of this comprehensive trading guide–The OrganizedTrader–takes you where no trading book has ever gone before. It teachesyou how to organize your time and effort. You learn to select marketsand design a decision-making tree. Good records help you learn fromyour experiences and rise to a higher level of expertise. Dr. Elderclearly outlines four types of records–three of them looking back and
one looking forward–that are essential for any serious trader.
Inthe final section of this book, Dr. Elder delivers another first intrading literature–he invites you into his trading room and takes youwith him on half a dozen of his recent trades, illustrating entries andexits with charts.
Distilling twenty years of trading andteaching experience, this book will put you on the road to mastering anew way of trading stocks, futures, options, and currencies. By thetime you leave Dr. Elder’s trading room, you’ll be in a positio