Papa B
Trading for a Living
I just finished reading Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder
From Library Journal:
Soviet-born author and practicing psychiatrist Elder (director, Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle of understanding the three Ms (Mind, Method, Money)
I found Elder’s antagonistic view of the Market wearying after a few chapters. Elder’s spent a great deal of the book explaining how difficult it is to make money investing and how everyone is out to get you.
I did however find his information on money management solid and worth the read. In fact the word “slippage” has made it’s way into my family’s vocabulary because of this book.
I did however find his information on money management solid and worth the read. In fact the word “slippage” has made it’s way into my family’s vocabulary because of this book.
My major take away from this book is this: “The goal of a professional trader is to be a better trader.”
Your blog make me chuckle from beginning to end^_^!! It sounds absolutely great to me. Your blog is my favorite!