Come into my Trading
Room
by Alexander
Elder
     
 
Come into my Trading
Room by Dr. Alexander Elder
From the
Inside Flap
How long will it take you to become a competent trader and how
much will it cost?
What markets should you trade and how much can you expect to
make?
What rules should you set, what methods should you use, how
should you split your trading capital?
If these questions interest you, you picked the right book.
Written by a professional trader, an expert in technical
analysis, and a practicing psychiatrist, Come Into My Trading
Room: A Complete Guide to Trading comes out nine years after
Dr. Alexander Elder's international bestseller Trading for a
Living, reflecting his latest discoveries and concepts.
Come Into My Trading Room opens with a brief primer-aptly named
Financial Trading for Babes in the Woods-aimed at newcomers,
but containing important information for experienced traders.
It clarifies topics whose mastery is essential for everyone:
what markets to trade, how to interpret financial theories, and
how to handle common barriers to success.
Moving up from the basics to the heart and soul of Dr. Elder's
methods, Come Into My Trading Room teaches the three key
aspects of trading-Mind, Method, and Money. First, you see that
the key to winning is in your mind-discipline. Then you learn
how to find the best trades and make the most efficient entry
and exit decisions. Dr. Elder shares his favorite analytic
tools and covers system testing, day-trading, as well as
longer-term swing trading, his new Impulse trading system, and
a new SafeZone method for placing stops. These methods will
allow you to trade with a high level of confidence in any
market-stocks, futures, options, or currencies.
Moving beyond technical analysis, Dr. Elder teaches you the
rules of money management that are essential for your survival
and success. He shows how to structure your account like a
submarine, divided into many compartments, so that it won't
sink if one section becomes flooded. The next section of this
comprehensive trading guide-The Organized Trader-takes you
where no trading book has ever gone before. It teaches you how
to organize your time and effort. You learn to select markets
and design a decision-making tree. Good records help you learn
from your experiences and rise to a higher level of expertise.
Dr. Elder clearly outlines four types of records-three of them
looking back and
one looking forward-that are essential for any serious
trader.
In the final section of this book, Dr. Elder delivers another
first in trading literature-he invites you into his trading
room and takes you with him on half a dozen of his recent
trades, illustrating entries and exits with charts.
Distilling twenty years of trading and teaching experience,
this book will put you on the road to mastering a new way of
trading stocks, futures, options, and currencies. By the time
you leave Dr. Elder's trading room, you'll be in a position to
take your trading to a higher, more intelligent, and successful
level.
From the Back Cover
You can become a successful trader. It has been done before,
and it is being done right now, today, by people around the
world. If you enjoy learning, if you are not scared of risk, if
the rewards appeal to you, and if you are prepared to put in
the work, you have a great project ahead of you.
In Come Into My Trading Room: A Complete Guide to Trading, Dr.
Alexander Elder takes you far beyond the three M's (Mind,
Method, Money) of his international bestseller Trading for a
Living. He teaches you to manage your money and time, as well
as strategy, so that you can enter the markets with confidence
and exit with profits. This essential book educates the novice
and gives more power to the professional through expert advice,
proven trading methods, and something entirely unique-a visit
to Dr. Elder's own trading room. You get to follow him through
several actual trades, whose entries and exits illustrate many
of the key concepts of this book.
Come Into My Trading Room offers:
* A complete introduction to trading essentials
* An overview of trading psychology, both individual and mass
psychology of the markets
* A practical overview of technical analysis, including new
indicators and systems
* A step-by-step guide to risk control and money management
* Exact instructions for keeping records and organizing your
time
* A visit to Dr. Elder's private trading room, reviewing
several of his recent trades
Be sure to work through the companion volume to this book-Study
Guide for Come Into My Trading Room-before you risk a dollar in
the markets. The Study Guide features 100 questions and answers
and almost 50 charts to test your knowledge. Grade yourself to
make sure you know enough about the nine key areas of trading.
Work through eight case histories, select entry and exit
points, and find out how well you understand what needs to be
done in every trade. Use Dr. Elder's Study Guide to make sure
that you can measure up to your competitors and surpass
them.
Come Into My Trading Room will help you master a new way of
trading stocks, futures, options, and currencies. Unparalleled
depth and a wide range of coverage give you the best chance to
become the trader you've always wanted to be.
About the Author
Dr. Elder is a professional trader, an expert in technical
analysis, and a practicing psychiatrist. He is the founder of
Financial Trading Inc., a firm that provides intensive trading
camps for traders worldwide. Dr. Elder's first book, Trading
for a Living, and its companion Study Guide have sold over
160,000 copies in English and were translated into nine
languages.
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