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

Product Description

The trading bible for the new millennium

In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader--identifying new, little known indicators that can lead to huge profits.

Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. Come Into My Trading Room reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization—with the goal of turning anyone into a complete and successful trader.

By showing traders how to combine the elements of mind, method, and money, Come Into My Trading Room gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to Come Into My Trading Room again and again.

Dr. Alexander Elder (New York, NY) is a professional trader, technical analysis expert, and practicing psychiatrist. He is the founder of Financial Trading Inc., providing intensive trading camps to traders all over the world. Elder's first book Trading for a Living (Wiley: 0471592242) and the companion study guide have sold over 160,000 copies.
Product Details
Amazon Sales Rank: #39255 in Books
Published on: 2002-04-24
Number of items: 1
Binding: Paperback
208 pages
Editorial Reviews

From the Back Cover
STUDY GUIDE FOR Come Into My Trading Room
A Complete Guide to Trading

You can read Come Into My Trading Room: A Complete Guide to Trading in a few days, but you cannot expect to master every aspect of that invaluable book until you work through it. Study Guide for Come Into My Trading Room: A Complete Guide to Trading will help you learn the profitable methods and techniques of Come Into My Trading Room before risking a dollar in the markets.

Study Guide for Come Into My Trading Room: A Complete Guide to Trading parallels the actual book, challenging you at every step with questions that make you focus on all the important areas of trading. Some tests are pencil-and-paper, others have you work with charts, but all prepare you to make crucial decisions.

This Study Guide will:
Quiz you on the essentials of trading-choosing the markets to trade, finding holes in the Efficient Market Theory, and overcoming common obstacles to success
Make you aware of psychological blind spots that lead to losing
Test your knowledge of charting and computerized indicators
Explore trading systems, day-trading, and advanced concepts, such as Impulse trading and SafeZone stops
Ask questions about money management, record-keeping, and managing time
Challenge you with eight case studies where you choose entry and exit points and get graded for your performance

The best trading strategies, techniques, and tools are only as good as your understanding of them. Pick up this Study Guide for Come Into My Trading Room: A Complete Guide to Trading and convert Dr. Elder's methods into your own powerful and profitable tools.

About the Author
ALEXANDER ELDER, MD, 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. Dr. Elder's Web site is www.elder.com
Customer Reviews

Essential Supplement
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.

Faceup to your results.
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

It is time to study
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.