There are literally thousands of books on technical analysis out there. Sorting out the truly great books from the rest can take weeks (or months!). That is why John Murphy and the pros at StockCharts.com have created this bookstore. It's...
I am very pleased to announce the grand opening on our new online store, The StockCharts Store. Here you'll find all the great Technical Analysis books and supplies that we had in our old store along with lots of new...
The New Trading for a Living: Psychology, Trading Tactics, Risk Management, and Record-keeping by Alexander Elder
This book is illustrated using StockCharts.com.
The best-selling trading book of all time—updated for the new era
The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader.
This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. The New Trading for a Living incudes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system.
All charts in this book have been updated and are in full color, with clear comments on rules and techniques. The clarity of this book's language, its practical illustrations and generous sharing of the essential skills have made it a model for the industry—often imitated but never duplicated. Both new and experienced traders will appreciate its insights and the calm, systematic approach to modern markets.
The New Trading for a Living expands upon the original to become an even more valuable resource
Overcome barriers to success and develop stronger discipline
Identify asymmetrical market zones, where rewards are higher and risks lower
Master money management as you set entries, targets and stops
Use a record-keeping system that will make you into your own teacher
Successful trading is based on knowledge, focus, and discipline. The New Trading for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.