Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management
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Accountability This book provides a basis for accountability in making trades as you do. I found the psychological part the best. It is somewhat hard to implement the basic structure required by the author for me personally....
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Accountability This book provides a basis for accountability in making trades as you do. I found the psychological part the best. It is somewhat hard to implement the basic structure required by the author for me personally. However it all rings truth in it's wording. This is a work book and therefore leads the reader through a series of questions to let you know how good you understand the basic fundamentals prescribed of his book "Trading For A Living". It has increased awareness and led me to stop making the same repetitive mistakes. And that is the basis for success in trading. It could help some people What is your learning style? If you don't trust that you know something until you've taken a test, this book can help. It does an excellent job of pulling out the key topics and quizzing you on them. There are no 'silly' questions here--only the important stuff. On the other hand, if you like to read and underline, then return to the text when you are actually 'doing' the activity, then this book is probably a waste of money. One nit complaint: some of the labeling of chart features is a bit unclear. Since it is sometimes tough to tell which letter goes with which feature, answering some questions is difficult, even when you know the material. Great follow up! In order for this book to work you need to have the initial Trading for a Living. With both books together you will begin to have all of the necessary tools to conquer the most persistent troublemaker of the market...yourself. In 200 questions you will learn a lot about yourself, your motives, and most of all your personality. This is where Dr.Elder's background shine. In order to conquer the markets you must conquer yourself. After being involved with futures trading for 11 years and writing several books on the subject I still find books like Dr.Elder's inspirational and mentally clarifying.
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