Customer Reviews

Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management

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Sometimes I read a book and think I understand its author's ideas... but 2 weeks later only vaguely recall what i read. Dr Elder's STUDY GUIDE did a fantastic job of exposing my blind spots. Each of its questions is referenced to a specific chapter in the book. He shows you charts and puts you into trading situations, then asks, what will you do? He tells you not only what answers are correct but why they are correct and why others are wrong! The self-rating scales at the end of each chapter showed me exactly where I stood and what I needed to do next. A great follow-up to TRADING FOR A LIVING!

If you've read Magee & Edwards, congratulate yourself (not too much), then READ THIS BOOK! The focus of Trading for a Living is 3-part (as the title suggests): 1. Psychology - individual vs. group; loser vs. winner. 2. Money Management - he who loses less gains more. 3. Indicators and Systems - you may shed tears of joy at Dr. Elder's efficient explanations and abundant analogies to drive each point home. Trading for a Living is a practical, let's get down to it, who, what, when, where, why, and how book. -- One topical group not discussed is Level 2 NASDAQ and Time & Sales analysis. Any suggested readings on this would be greatly appreciated!

After you done with reading of the Dr. Elder's book "Trading for a Living", please, go through the exercises you'll found in his Study Guide. Without it your work will be incomplete. You'll get a better understanding of the base trading principals that make you investment and trading successful.

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.

In one series, no other author has outlined a system to go from missing opportunities to the rewards of profits. It made all the difference in mine and my friends' investing and paid for itself many times over. A bargain.

I ordered the guide along with the actual book and really never did use it. It may be cheap, but I think the book itself should be enough.

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.

Not as advertised, this book will not work alone -, and the added value will not be that much You need to have the book "Trading for a Living: Psychology, Trading Tactics, Money Management" and the combination will be great. ...

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.

I find this book useful and an easy read, however, trading is not as easy as the book makes it sound. It's certainly not a get rich quick method, or a way to make a living. Trading is ideally for those who use other people's money, or who does not have to worry about losing their capital. Let's face it, to be successful at trading, one needs to put his or her emotions aside, and when we are dealing with our own money, it is hard to do so, no matter what the book may say. Overall still a very good reference book to have.