The Elements of Successful Trading: Developing Your Comprehensive Strategy Through Psychology, Money Management, and Trading Methods (Hardcover)

~ Robert P. Rotella (Author)

Editorial Reviews

Product Description

After the turbulence on Wall Street in the 1980s, it is more important than ever for a trader to have a clearly defined strategy that incorporates the technical financial aspects of trading as well as the less easily defined "mind set" of success. This ground-breaking work charts the way to creating such a trading strategy, teaching readers how to combine money-management analysis techniques, established trading techniques, and the realities of trading on the floor. This will be welcomed by the legion of traders eager to learn how applied psychology can benefit them professionally.

Product Details

• Hardcover: 688 pages
• Publisher: New York Institute of Finance (August 25, 1992)
• Language: English
• ISBN-10: 0132045796
• ISBN-13: 978-0132045797
• Product Dimensions: 8.6 x 6 x 2.1 inches
• Shipping Weight: 2.3 pounds
• Average Customer Review: 3.7 out of 5 stars  See all reviews (7 customer reviews)
• Amazon.com Sales Rank: #112,401 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

14 of 14 people found the following review helpful:

4.0 out of 5 stars Like getting a university degree in financial engineering, August 15, 1998

By	James Lor "James Lor" (Montreal, CANADA) - See all my reviews (REAL NAME)

This book touches all aspects of investing. The author describes the different markets; the stock market, natural resources, foods, interest rates, options, etc. The author describes technical as well as fundamental analysis and helps you develop the mindset which is necessary to be a successful trader. After reading this book, you'll feel like you've earned a university degree in financial engineering. I expected the price of this book to be a lot higher.

9 of 10 people found the following review helpful:

4.0 out of 5 stars A good book for those who want to study all market aspects, July 1, 1998

By	[e-mail] (Omsk, Russia) - See all my reviews

The book with information about every element of market, but there is not too much information about specific of trading. It is a common instrument for learning of trading. You must read it if you look for a complex knowlege about exchanges and markets at all.

7 of 9 people found the following review helpful:

2.0 out of 5 stars 3 to 4 pages to everything in trading, really everything, August 9, 2003

By	ServantofGod - See all my reviews (TOP 500 REVIEWER)

There are 33 chapters in this 639 page book which practically put everything you can think of about trading or investment into it. Technical Analysis, Fundamental Analysis, Trading Psychology, Options, Commodities... simply everything. The problem is: dont know whether it's the intent of the author to give so general an idea of everything to its readers or he is too agressive to encompass so much in one single book. He just used a page or two to describe very complicated items like MACD, Stochastics, Gann Fan, Fibonnaci numbers, Bonds, Computer Trading, Crude Oil, Platinum, Gamma, Theta, Rho, Delta Neutral Trading........

In case you just want to have a close to nothing idea of the highly complicated trading or investment market, it's for you. In case you read in order to earn an edge to profit in market where 90% to 95% of the participants are doomed to fail, forget about this.