- Unknown Binding
- Publisher: John Wiley & Sons Australia Ltd (1 Aug 2008)
- ISBN-10: 1742168582
- ISBN-13: 978-1742168586
- Average Customer Review: 4.8 out of 5 stars See all reviews (26 customer reviews)
- See Complete Table of Contents
Come Into My Trading Room
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More About the Author
Product Description
Product Description
The trading bible for the new millennium
In Come Into My Trading Room, 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.
Come Into My Trading Room 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. Come Into My Trading Room 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, Come Into My Trading Room 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 Come Into My Trading Room again and again.
Dr. Alexander Elder (New York, NY) is a professional trader, technical analysis expert, and practicing psychiatrist. He is the founder of Financial Trading Inc., providing intensive trading camps to traders all over the world. Elder′s first book Trading for a Living (Wiley: 0471592242) and the companion study guide have sold over 160,000 copies. --This text refers to the Hardcover edition.
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?
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: A Complete Guide to Trading comes out nine years after Dr. Alexander Elder′s international bestseller Trading for a Living, reflecting his latest discoveries and concepts.
Come Into My Trading Room opens with a brief primer–aptly named Financial Trading for Babes in the Woods–aimed at newcomers, but containing important information for experienced traders. It clarifies topics whose mastery is essential for everyone: what markets to trade, how to interpret financial theories, and how to handle common barriers to success.
Moving up from the basics to the heart and soul of Dr. Elder′s methods, Come Into My Trading Room teaches the three key aspects of trading–Mind, Method, and Money. First, you see that the key to winning is in your mind–discipline. Then you learn how to find the best trades and make the most efficient entry and exit decisions. Dr. Elder shares his favorite analytic tools and covers system testing, day–trading, as well as longer–term swing trading, his new Impulse trading system, and a new SafeZone method for placing stops. These methods will allow you to trade with a high level of confidence in any market–stocks, futures, options, or currencies.
Moving beyond technical analysis, Dr. Elder teaches you the rules of money management that are essential for your survival and success. He shows how to structure your account like a submarine, divided into many compartments, so that it won′t sink if one section becomes flooded. The next section of this comprehensive trading guide–The Organized Trader–takes you where no trading book has ever gone before. It teaches you how to organize your time and effort. You learn to select markets and design a decision–making tree. Good records help you learn from your experiences and rise to a higher level of expertise. Dr. Elder clearly outlines four types of records–three of them looking back and
one looking forward–that are essential for any serious trader.
In the final section of this book, Dr. Elder delivers another first in trading literature–he invites you into his trading room 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, this book will put you on the road to mastering a new way of trading stocks, futures, options, and currencies. By the time you leave Dr. Elder′s trading room, you′ll be in a position to take your trading to a higher, more intelligent, and successful level. --This text refers to the Hardcover edition.
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?
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: A Complete Guide to Trading comes out nine years after Dr. Alexander Elder′s international bestseller Trading for a Living, reflecting his latest discoveries and concepts.
Come Into My Trading Room opens with a brief primer–aptly named Financial Trading for Babes in the Woods–aimed at newcomers, but containing important information for experienced traders. It clarifies topics whose mastery is essential for everyone: what markets to trade, how to interpret financial theories, and how to handle common barriers to success.
Moving up from the basics to the heart and soul of Dr. Elder′s methods, Come Into My Trading Room teaches the three key aspects of trading–Mind, Method, and Money. First, you see that the key to winning is in your mind–discipline. Then you learn how to find the best trades and make the most efficient entry and exit decisions. Dr. Elder shares his favorite analytic tools and covers system testing, day–trading, as well as longer–term swing trading, his new Impulse trading system, and a new SafeZone method for placing stops. These methods will allow you to trade with a high level of confidence in any market–stocks, futures, options, or currencies.
Moving beyond technical analysis, Dr. Elder teaches you the rules of money management that are essential for your survival and success. He shows how to structure your account like a submarine, divided into many compartments, so that it won′t sink if one section becomes flooded. The next section of this comprehensive trading guide–The Organized Trader–takes you where no trading book has ever gone before. It teaches you how to organize your time and effort. You learn to select markets and design a decision–making tree. Good records help you learn from your experiences and rise to a higher level of expertise. Dr. Elder clearly outlines four types of records–three of them looking back and
one looking forward–that are essential for any serious trader.
In the final section of this book, Dr. Elder delivers another first in trading literature–he invites you into his trading room 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, this book will put you on the road to mastering a new way of trading stocks, futures, options, and currencies. By the time you leave Dr. Elder′s trading room, you′ll be in a position to take your trading to a higher, more intelligent, and successful level. --This text refers to the Hardcover edition.
Inside This Book
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First Sentence
A newcomer to the market faces three paths that lead into a forest full of treasures and dangers. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
A newcomer to the market faces three paths that lead into a forest full of treasures and dangers. Read the first page
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Customer Reviews
Most Helpful Customer Reviews
62 of 62 people found the following review helpful
Format:Hardcover
I have several trading guides that I find useful. But this is the only "how to" book that not only showed me where I was going wrong and why I was going wrong but gave practical and achieveable advice on what to do about it. I now get better prices using limit orders. OK, I miss some trades (though not as many as you'd think), but there's always another one coming along. It's so much better to get in at a good price - if you get stopped out you lose a lot less, so you don't mind it as much. The 2% and 6% rules of money management have convinced me never again to be a loser. In the past I've made a lot then lost a lot. I now know how to keep most of it while still being able to make a fair bit with the good trades I find. It's also good to get advice on closing trades, which most books gloss over rather. Highly recommended.
41 of 41 people found the following review helpful
Format:Hardcover
Dr Elder is now something of a cult hero among independent traders. Based on multiple readings of 'Trading for a living' and 'Come into my trading room' I would have to say that his status is entirely justified.
Come into my trading room genuinely is an excellent book. Far too many reviewers allocate five stars to trading books nowadays; just search under 'trading' or 'technical analysis' or other trading related terms, and then search by 'av. customer rating' and you'll find a mass of five star rated books. While these are usually ok this book genuinely warrants maximum praise.
By introducing the basics of trading, discussing psychological pitfalls, technical analysis, what markets to trade, money management, time management, together with a glimpse in to Dr Elder's own trading diary, the author really does cover every spectrum of short-term equity/futures trading.
The technical analyis section is larger in 'Trading for a living' but the technical indicators that are covered are done so in sufficient depth. Furthermore, this is a more complete guide than the author's earlier work and the writing style is helpful and simple to understand.
For these reasons, and for the relative cost of the author's books, I believe they both should be essential reading for all beginning traders.
13 of 13 people found the following review helpful
Format:Hardcover
That is right! When I lost my copy, I simply had to order a replacement immediately, and at the same time, I have ordered its companion, "Study Guide to Come Into my Trading Room."
I have read many books and taken expensive courses in Financial Trading, and none of them have been as useful or as pragmatic as Dr. Alexander Elders book. I just want to say I feel it has put me on the right track. Thanks for a great book!
I have read many books and taken expensive courses in Financial Trading, and none of them have been as useful or as pragmatic as Dr. Alexander Elders book. I just want to say I feel it has put me on the right track. Thanks for a great book!
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Most Recent Customer Reviews
Come into my trading room
This was by far the best and most informative book that I have read. It is a good summary for someone who wants to learn about trading. Read more
Published 1 month ago by Adam
Be very careful of what you are buying.
Trading has become somewhat of a byword for the purchase and sale of shares. some like to purchase shares for dividends, to make a bit of money on by trading, perhaps over a 3... Read more
Published 4 months ago by Chris
A difficult, if rewarding, read
I need to be honest straightaway and say I have only read half of the book. There are plenty of good reviews of the book given by others so I will make my point succinctly. Read more
Published 12 months ago by Robert Rosenberg
Don't Start Trading Until You've Read This (Really. I mean it)
I have read a whole host of books on trading, some introductory, some very advanced. I have also done a fair amount of trading, both in stocks and in options, with variable... Read more
Published 17 months ago by Noel
A great place to start...
This is great book to use to help you get started in the productive world of trading. It's not particularly geared towards the FX side of trading, but the analysis advice and step... Read more
Published 19 months ago by Tony76
good book
happy to say came quick and in good knick.... started reading and is making sense at the mo.
Seems like a good read for those unsure of what they are doing and hits the... Read more
Seems like a good read for those unsure of what they are doing and hits the... Read more
Published 20 months ago by EGGY6198
Help at last!
After reading at least a dozen books on share investing I have finaly found one that is written by someone who knows what is required for success. Read more
Published 20 months ago by K.A
Average, not great.
I have read a number of trading books as I feel that it is always useful to keep learning about the financial markets. Some books are good, some are average and some are useless. Read more
Published on 10 Oct 2009 by D. Simmonds
A book for beginner traders from a psychologist's point of view
This is a book for beginners in trading, which covers the fundamentals of indicators, a few pattern formations, money management and psychological pitfalls. Read more
Published on 29 April 2009 by Alexander DiAthenius
Very Good Book
I've bought this book with an objective of learning more about trading. I'm newbie in trading but i'm dedicated to learn more and more about this amazing world. Read more
Published on 2 Mar 2009 by Hugo Ruivo
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