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Trading for a Living

Psychology, Trading Tactics, Money Management
Written by: Alexander Elder
Narrated by: Richard Davison
Length: 2 hrs and 58 mins
4.5 out of 5 stars (44 ratings)

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Publisher's Summary

A hundred-thousand investors have turned to this best-selling guide for mastering successful trading by Dr. Alexander Elder, a professional trader, a world-classs expert in technical analysis, and a practicing psychiatrist. He believes that successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps discipline your Mind, shows you the Methods for trading the markets, and show you have to manage Money in your trading accounts.

Trading for a Living will help you master:

  • Individual pyschology: How to become a disciplined trader
  • Mass psychology: Know when to join the crowd and when to leave it
  • Classical charting: Identify support and resistance, place stops
  • The neglected essentials: Read volume, open interest, and time cycles
  • Psychological indicators: Profit from contrary opinion theory
  • Trading systems: Learn about the Triple Screen trading system
  • Risk management: All about stops and profit targets
  • ©1993 Alexander Elder (P)2000 Penton Overseas, Inc.

    What members say

    Average Customer Ratings

    Overall

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    Reviews - Please select the tabs below to change the source of reviews.

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    • Overall
      4 out of 5 stars
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      4 out of 5 stars

    Good content, very bad narration

    The narration is not suitable for this kind of subject. It reminds me very old historical book.
    The content is good basic guide for start trading.

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      5 out of 5 stars
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    Good Read!

    Great book for beginners, really helpful to understand mass market psychology before trading in financial markets

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      1 out of 5 stars

    Too old book

    too much for day trading.

    too old talks about high commission fee

    bla bla bla bla bla

    0 of 1 people found this review helpful

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    • Overall
      5 out of 5 stars
    • Ermilo
    • Capitola, CA, USA
    • 2009-06-23

    Simple and POWERFUL

    I was hesitant to get this book to be honest. However, after 10 minutes in the listening, I knew I made the correct choice. Here is what makes the book great. Simple non complicated investing rules. They are simple yet good enough even for me, who does option trading. I have listened to this book 3 times over, its that good. If you are new to stocks,futures options...get this book. Even for an advanced option trader, its great!

    24 of 25 people found this review helpful

    • Overall
      5 out of 5 stars
    • Joseph
    • Gardner, IL, USA
    • 2008-10-22

    Read this if you want to know WHY things work.

    This author taps into the motivation and therefore many of the practices of the stock traders who will be your competitors. If you are new to trading, and specifically if you are interested in day trading, this is the best starting point for you. I actually went through this book 3 times so far. As I apply the principles he lays out in the actual market trading, I go back through with a better understanding of what I leaned in this book, I have picked up many nuances that I had missed the first time around.

    22 of 26 people found this review helpful

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    • Howard_a
    • United States
    • 2013-11-17

    If you plan to trade, listen to this.

    Very delightful book, I've listened to several times. He really explains everything from the basics of the stock market, to how to trade without losing your shirt. He does not explain advanced topics like options, but following his basic rules will help you avoid losing massive sums of money. I'm not a fan of abridged books, but this is an exception. Its a very delightful and informative listen.

    3 of 3 people found this review helpful

    • Overall
      4 out of 5 stars
    • Steven
    • saginaw , MI, USA
    • 2009-02-01

    Very Informative!!!

    I found this book to be very informative, and offer alot of knowledge that you will need to be a successful trader. I look at the market at a different angle that will help me in my new career choice. One thing the author said that really changed my attitude, he said don't consentrate on the money, but instead work on perfecting your strategies, and the money will follow. Good Stuff! I will relisten over and over again! good for a refresher. Not for complete novices, the terms he uses will confuse you if your not familiar with the market.

    3 of 3 people found this review helpful

    • Overall
      4 out of 5 stars
    • Allan E Schafer
    • 2010-04-01

    Great Info, I Recommend for Stock Traders

    Covers some basic but good market psychology. Picked up a few quick pieces of information that are handy too. Easy listening.

    2 of 2 people found this review helpful

    • Overall
      5 out of 5 stars
    • listener
    • 2010-03-04

    great listen - packed with information

    I love listening to this book on trading. It is packed with systems, talk about investment philosophies, and most of all about how to control your emotions. If you want to be a better trader do not pass this book up.

    2 of 2 people found this review helpful

    • Overall
      4 out of 5 stars
    • John
    • Guelph, Ontario, Canada
    • 2009-04-26

    Very Entertaining and Enlightening

    Great book for traders seeking to make the leap from casual part-time trading to professional trading. Covers high-level market psychology through to low-level trading strategies and directives. I Recommend it.

    2 of 2 people found this review helpful

    • Overall
      4 out of 5 stars
    • Pang Yan
    • TokyoJapan
    • 2009-02-14

    Great Listen and easy to understand

    Dr Elder had a great way of articulation that make the complexity of market psychology manageable to understand. His analogy of bull and bear in the market provide a great view of how market move. The narrator is also very clear and consistent that make it a great listen.

    2 of 2 people found this review helpful

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    • John
    • 2019-06-18

    AMAZING BOOK!!!

    Everything he discussed explained why I lost so many trades in my first year! A must listen for anyone that wants to become a good trader.

    1 of 1 people found this review helpful

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    • AL
    • 2016-09-21

    A Must for ANY Trader!!

    If you have read Reminiscences of a Stock Operator, then this book should be right next to it in your library! Awesome!! Its exactly what you need to understand the markets and the mental side of the game. Wall Street is like no other business in the world. This book is YOUR blueprint.

    1 of 1 people found this review helpful

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    • Overall
      4 out of 5 stars
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    • Burri Julien
    • 2019-10-04

    Super

    Du très concret, à écouter au calme avec de quoi prendre des notes. Je recommande