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Pros & Cons
Pros
The new trading for a living is one of only two books on the desk in my trading room. The authorillustrates several points with real charts and annotations. I recommend this book to everyone who is interested in trading.
This is the one i will need to reread and implement while reading. Trading is the most demanding on human psychology. This helps a lot on patience and reduces impulsive trading.
Money management is important as traders can easily be biased based on the short term experience and public media.
This is a great book that covers basically all aspects involved in trading, from mathematical, to economics, financial and psychological. This book is written for those who are challenged in stock trading.
Cons
The psychology of trading is much better than the psychology described in 'trading for a living' dr elder's mind seems chaotic, with no logical (step-by-step) inferencing. If i paid full knock for the hardcover, why isn't the kindle available for a co... Read More
Highlights
Quality
Incredibly well written the concepts are well tested
The guidance around risk management how to set stops and targets as well as keeping yourself honest with various tools and temp... Read More
Good break down for starting out in the market
Covers money management risk managent 2 rule 6 rule to keep one from losing all your money in a couple of months
Price
Helps me understand price movements much better
Com website and find the membership cost completely worth it
The book paid for itself in less than a week for me
2 risk per trade and 6 max per month is a must follow
Competitiveness
Its equally as insightful for more advanced professionals as well
Elder focused on 34teaching34 as opposed to selling
Overview
- How are reviewers describing this item?
good, technical, great and many. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has discovered that over 80% high quality reviews are present.
- This product had a total of 935 reviews as of our last analysis date on Feb 4 2024.
Helpful InsightsBETA
Posted by a reviewer on Amazon
Stresses a toolbox approach over blackbox
Posted by a reviewer on Amazon
Explains the whys and why not
Posted by a reviewer on Amazon
If you already have experience you might have already read it or recommended to someone
Posted by a reviewer on Amazon
Some of the technical breakdowns can go over your head if you’re new to trading or have never taken a trading course
Posted by a reviewer on Amazon
The book paid for itself in less than a week for me
Posted by a reviewer on Amazon
The trading techniques mentioned are best suited for swing traders and should help traders of any holding period
Posted by a reviewer on Amazon
More charts covering technical analysis features e
Posted by a reviewer on Amazon
Ive blown up 3 accounts over the years because i had no money management plan
Review Count History
Price History
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