Complete Trading for a Living

The book is not fairly priced for the content it holds.

Not without some admitted snobbery, I consider myself more an investor than a trader. So, despite all the other 5-star reviews of Elder's book, I avoided it.O.K., I admit it. I make some lousy decisions and my decision to snub this trading book was among them. I don't know why I decided to give it a look, but it was among my better decisions.Elder was trained as either a psychologist or psychiatrist (I don't recall which and am too lazy to look). It served him well as a trader and will serve ANYONE well to see just how it did. His claim -- and I back it up with my own experiences -- is that successful trading/investing is far less reliant upon high IQ or stock selection or chart reading or anything else than it is on one's psychology. It's the latter that will have you bailing in panic or buying in greed -- succumbing to fear and greed. And, he provides a distinction that I found brilliant -- that if you're confused about the market it's your head, not the market, that's at the bottom of that confusion.Don't look here to get the Cliff Notes recap of his ideas because the recap is insufficient. Read Elder and be open to letting him convince you of what he KNOWS. That will, almost certainly, prove profitable for you.

Great for the technician in you. Gives several strategies to use and indicators that are helpful in finding in and outs for stocks

If this is your first dip in the pool when it comes to investing then you are in good hands. His writing style is such that it is an easy read even though the material may seem alien at first.

Not too many authors are blessed with the gift of being able to take a complex subject and explain it, in detail - in such a way that it can be easily understood. To me, Dr. Elder has that gift - and he does it with creative, humorous analogies and examples. This would be a good read even if you were not into trading. This book is packed with so much valuable information on the "how's", "why's", "when's", and "when not to's" of trading, as well as the psychology of what it takes to be a winning trader and how emotional trading can lead to disaster. Technical Analysis is covered in such a way, including advanced indicators written by Dr. Elder, that just about anyone could improve their trading skills by reading those chapters. A strategy for money management and protecting your capital is included, as well as how to create a trading system that you are comfortable with - and how to evaluate the effectiveness of that system.For me, this was not a read once and put it back on the shelf type of book - this book is a "tool" that I will continually use to hone my trading skills.