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Come Into My Trading Room A Complete Guide to Trading
ISBN: 0471225347     Date Published: 2002-04-19     Author(s): Alexander Elder
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Hardcover
Wiley
313 Pages
 
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06/20/2013 01:26:06
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Editorial Review - Book Description:
The trading bible for the new millennium
In A Complete Book of Trading, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M`s (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader`s money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader--identifying new, little known indicators that can lead to huge profits.
A Complete Book of Trading educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M`s, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. A Complete Book of Trading reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization--with the goal of turning anyone into a complete and successful trader.
By showing traders how to combine the elements of mind, method, and money, A Complete Book of Trading gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to A Complete Book of Trading again and again.
Dr. Alexander Elder (New York, NY) is a professional trader, technical analysis expert, and practicing psychiatrist. He is the founder of Financial Trading Inc., providing intensive trading camps to traders all over the world. Elder`s first book Trading for a Living (Wiley: 0471592242) and the companion study guide have sold over 160,000 copies.
 
Customer Review:
Total Reviews: (137)
  (103)      (15)      (13)      (5)      (1)
(3) Shared
 
474 of 481 People found the following review helpful.

Traders Magazine Review - Helen Quenet, October 2, 2003 ByHelen Quenet (UK) - See all my reviews This review is from: Come Into My Trading Room: A Complete Guide to Trading (Hardcover) Book Review - Come Into My Trading Room by Dr Alexander ElderIt was with a great deal of curiosity that I began to read Come Into My Trading Room. Trading for a Living, Elders first and classic book was the second trading book I ever read and even 40 or so books on from there I still rate it in my top five and frequently recommend it to others who want a considered and honest introduction to trading.I was interested to see how the themes and emphasis had changed and developed in the nine years since the first book was published. I had briefly read a couple of reviews that suggested it didn't add much to the previous book but I was eager to make my own mind up.So the first question I asked myself was what hasn't changed? The style of writing is as clear and engaging as in the first book. The layout is logical and in all key areas he suggests further, more specialised reading to take you deeper into the subjects that may interest you. For the size of the book (only 313...
 
96 of 98 People found the following review helpful.

An Excellent Follow-Up to Elder's Trading For A Living, February 8, 2004 ByPrice Headley (Lexington, KY United States) - See all my reviews This review is from: Come Into My Trading Room: A Complete Guide to Trading (Hardcover) Alexander Elder gained well-deserved prominence for his first book, Trading For a Living. It's one of my favorite books on trading. Out of this classic came such new indicators as the Force Index, which is one of the indicators I use regularly in my chart software. I read Elder's follow-up, Come Into My Trading Room, in hopes of learning additional insights of the Force Index. While I found some new information here, I was even more impressed by the following lessons Elder shared:1) "Some of the best trading opportunities occur after false breakouts" - I'm finding this more and more these days, which is why I actively use my Momentum Divergence indicators to separate the fakeouts from the real breakouts. Elder does a great job showing numerous charts throughout his book, laying the groundwork for the divergence examples he explains in great depth when you step into his trading room in the final chapter with many actual trading examples. You need to understand the...
 
182 of 195 People found the following review helpful.

Not crazy about it, April 15, 2006 ByAndrew Kasch "Life is good" (California USA) - See all my reviews This review is from: Come Into My Trading Room: A Complete Guide to Trading (Hardcover) Too well written for a 1-star, and you just have to respect the author of Trading for a Living. But I was quite disappointed. Essentially it's a trend following methodology of entering on pullbacks to the 20 MA and exiting when they extend to the outer band (envelope, band, channel, it doesn't matter). Classic indicators are tweaked slightly and pitched as "Elder Indicators" which of course you can buy the disks for. Really this whole book could have been condensed to a 3 or 4 page .pdf file and not left any of the concepts out. He advises against day-trading and questions whether it can actually be done profitably. That is pretty short-sighted of him in light of all the known profitable daytraders out there. His reasoning is that with his method it would be too difficult. That came across as egotistical and closed-minded to me. The thing that really threw me off is that after a book teaching a trend-following system (and warning against other...
 
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