Customer Reviews

Study Guide for Come Into My Trading Room: A Complete Guide to Trading

5 star:		(9)
4 star:		(1)
3 star:		(1)
2 star:		(1)
1 star:		(0)

 

 

Like Elder's first study guide, whether this will help you or not depends on 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.

If you have read "Come into my trading room" by Dr. Elder then this is a must have. It will enable you to test yourself and ensure that you understand the lessons presented in the book. I am a successful investor who aspires to trade for a living.(I have returned over 24% for the past 4 years). I have read over 40 books on trading and Dr. Elder's books are in a league of there own for being easy to understand and implement. He brings all essential disciplines that are needed together in one place. In this study guide you will be quizzed on mental discipline, basic charting, indicators, trading, day trading, advanced concepts, money management, and being organized. I have read all of his books and was shocked at how much I still didn't get. Buy it, use it, master it, you will be rewarded in the markets if you are a good student.

"Study Guide" parallels the book "Come Into My Trading Room: A Complete Guide to Trading" by Dr Elder. This second book challenging you at every step with questions that make you focus on all the important areas of trading. The best trading strategies, techniques, and tools are only as good as you understand them and use them. So this study book is very practical. Buy this book together with "Come Into My Trading Room" and take your time as you go through the questions and exercises. Only camp-trained soldier may survive the battle and come back alive and victorious.

I highly recommend the book to those who wants to improve the quality of their trading.

Alexander Petrochenkov

I have traded stocks since I was a teen. I have been familiar with Dr. Elder for years. Along the way, I have read many books on trading. His Come Into My Trading Room: A Complete Guide to Trading ranks among the best.

Elder says it took him three years to write Come into My Trading Room. It can be read in a matter of days. The companion study guide assures mastery of the wealth of trading knowledge. Slowly working through the study exercises helps you master Elder's trading concepts and ideas.

In his book Elder breaks the art and science of trading into three pillars. He calls them his three M's:

' Mind
' Market
' Management

The key to winning the trading game is to win the battle within your mind. Dr. Elder, himself a practicing psychiatrist, explains how to develop discipline and to avoid the traps caused by emotional trading.

Second, he shows how to identify good trades using charts and computerized indicators. In remarkably clear and concise language, he explains the indicators and how to combine them to develop your own trading system.

Finally, he discusses importance of money management. The successful trader manages risk. Elder lays down rules to harness it. The study guide reinforces it. If you are serious about trading these two books should be at the top of your reading list. Their combined price is small compared to the money you can lose learning the lessons contained within them.

Alex is steadfast on discipline and organization, absolutely required for success. His market knowledge is sound and his experience real. I have successfully used his Triple-Screen method for 25 years. His books are great because they help the trader find his own style and if you can't create variations on his work to suit yourself you are not there yet - read them again!

I'm usually not so much into study guides as they add nothing new to the table except picking out some points of the theory. Well was I dead wrong on this guide. It is not so much about checking did you remember the right numbers and names as it is much more focused on did you shift you point of view ? And every answer is well documented what the most effective point of view could be. I've learned quite a bit more with working through this study guide. I recently purged the study guide from Entries and Exists as well work my way through that too, and in time for the finals, participate in one of the trading camps.
Recommended for every one out there in the markets learning to ride the waves instead of getting smashed by them.

Wessel

His first book, "Trading for a Living", was the most profound information on the mindset of trading that I have ever seen. This book is more about risk management and trade entry/exit. Good stuff, but not unique. He mostly talks about stock trades, but says that he makes most of his money in the futures markets, using the same methods. I disagree with his use of Bollinger Bands. He teaches entering a trade when a stock pulls into the midpoint of the Bollingers.

I also loved, "Market Wizards" (by Jack D. Schwager)for the insight it gives in the way successful traders think. "Reminiscences of a Stock Operator" was also worth the read.

This study guide contains tests that help you very well to know where you are with the markets knowledge. When I ordered this together with the book, I hesitated a little, but now I'm very happy I have it.

Study guide is a great complement to the book. It is a great help for digesting the material.

The author does a very good job of explaining with graphs and discussion on how to use technical indicators to buy and sell stocks or other trading where you use charts. I highly recommend this book and I'm interested in his other books as well.