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

[MadMarketScientist 11]

From the Back Cover

 

Trading for a Living Successful trading is based on three M’s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:

• How to become a cool, calm, and collected trader
  
• How to profit from reading the behavior of the market crowd
  
• How to use a computer to find good trades
  
• How to develop a powerful trading system
  
• How to find the trades with the best odds of success
  
• How to find entry and exit points, set stops, and take profits
  

 

Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game. To help you profit even more from the ideas in Trading for a Living, look for the companion volume—Study Guide for Trading for a Living. It asks over 200 multiple-choice questions, with answers and 11 rating scales for sharpening your trading skills. For example: Question Markets rise when

1. there are more buyers than sellers
   
2. buyers are more aggressive than sellers
   
3. sellers are afraid and demand a premium
   
4. more shares or contracts are bought than sold
   

 

1. I and II
   
2. II and III
   
3. II and IV
   
4. III and IV
   

 

Answer B. II and III. Every change in price reflects what happens in the battle between bulls and bears. Markets rise when bulls feel more strongly than bears. They rally when buyers are confident and sellers demand a premium for participating in the game that is going against them. There is a buyer and a seller behind every transaction. The number of stocks or futures bought and sold is equal by definition.

[anniebee321 10]

this is a great book for those starting out as it provides valuable no fluff

 

information - it is more advanced than your average how to get started trading for dummies type book which is why i recommend this book

 

it covers a wide array of subjects all of which are very pertinent

[rohmatul 10]

I never reading this book, but im so curious about its contents..

Trading for living is very good job,, I need to know how they do it..