The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management

I think at least some point of time a serious trader will somehow stumble upon this book. This is like the textbook of trading. I enjoyed it a lot. This is not the kind of book which you read once and throw it away rather it is the one which you have to digest by reading it many times. The psychology part alone is worth the price.

Awesome book and it's context and the packaging of this book is very premium and i got it in only 1699/-. Thanks amazon!!!

Very lively narration. Fundamental ls for every trader.

Product is good and timely delivered by Amazon

A bible for traders must have book who wants physiological clear of mind & risk mgmt

Excellent book for a trader, who is looking for a process. Well organised chapters.

Must read book. For beginners

It is a very well written and organized book. It is a must have. However it is very costly. Information in the book is available on the internet for much lesser amount.

Really loved this book - it covers a really wide field, from an in-depth review of price analysis to psychology, risk management, and daily routine. It passes my favorite test, namely that a lot of ideas in it seem great but obvious in retrospect, yet were not at all how I did things before I read it. It spells out in great detail a rigorous, systematic approach to trading, that is independent of the specific kinds of trades you do; and also gives one plenty of ideas as to what kind of trading one might do, without trying for a one-size-fits-all solution. Make no mistake, there is no recipe to riches in there, and the book makes it clear that a lot of work is needed to succeed in the way described therein, but it does describe in detail how best to focus one's efforts, and gives a lot of building blocks to get one started. Just to illustrate how rich this book is: I always summarize books I want to really absorb into a mindmap; and while for most books that fits onto an A3 sheet (if that), my summary of this book is two A2 sheets, in quite small print. It has already made me see trading in a whole new light, and I'm still digesting - and having lots of fun while at it ;)

If I could give a 6 star rating to this book I would because of how good it really is. It is a bit expensive but I can assure you it is worth it. You'll be getting a book of very good quality, both the actual paper(thick and coloured pages) and the information within. Despite it being a beginners book on trading, I advise you to read one or two simpler books about the markets that describe the absolute basics and then jumping into this one. This is an excellent foundation for you to start your trading/investing journey considering it goes through the psychological aspects of trading, how to organize and prepare yourself, tools and systems you can use, journaling and different strategies and things you absolutely must know. You won't regret it.

There are many trading books by many people out there. I have read a few of them, but this one is much more than just a method or a strategy. What impacted me about the book changed as time went on. At first, I just needed to understand what to do and how to do it. So, that would be the introduction to 1) Bearish and bullish divergences on MACD 2) Fade the extremes on FI 3) Trend following using the EMA and ATR channels (pullback to rising and pullback to falling value zones) I still use these strategies to this day. The real impact came later on. While I followed the tools of risk management, I did not fully grasp what they would do for my trading until after 2 or 3 years in. 1) The 2% max risk was adjusted down to 0.1% and then I started following the handcuff method. This kept me from getting wiped out in the first 3 years and actually kept the losses to my overall account small. I cannot stress the importance this has had to my trading. a) Secondary note to this is it forced me to take a serious look at whether I can trade futures anymore. I had to walk away from them because the risk was too high so I just started with commodity ETFs and can now slowly make my way back to futures. 2) I thought I was disciplined until I followed how to do lookbacks. I figured the risk management was enough to define the line between gambling and trading. I found I was making many impulsive moves which was silently subtracting from the account. Once I saw them on a chart with notes, it helped me walk away from trades before entering which stopped me from overtrading. I cannot describe the power of the lookback but over time, but it will probably pay for itself 3) Writing down the trading plan focused how I take a trade. It gave me concrete rules to follow and focused my discipline. All lookbacks are now done based on how well I follow those rules and in turn the lookbacks either reinforce or eliminate rules.

This book is very useful, because you need to evaluate yourself on what you read and learned in the other book "Trading for a living". I've read quite a few books on the trading subject, and here is the first one that gives me the opportunity to test my comprehension. Why did I give 4 stars only? Because the fifth will come from me if my reading is $ucce$$ful! Thanks M. Elder!

Horrível o controle de qualidade da Wiley. O livro todo impresso pela metade.