Come Into My Trading Room: A Complete Guide To Trading

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.

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 in English and were translated into nine languages. Dr. Elder's Web site is www.elder.com.

Dedication.

Introduction.

HOW THIS BOOK IS ORGANIZED.

MALE OR FEMALE?

PART ONE: FINANCIAL TRADING FOR BABES IN THE WOODS.

1 Invest? Trade? Gamble?

AN INTELLIGENT INVESTOR.

AN INTELLIGENT TRADER.

AN INTELLIGENT GAMBLER?

2. What Markets to Trade?

STOCKS.

FUTURES.

OPTIONS.

3. The First Steps.

THE EXTERNAL BARRIERS TO SUCCESS.

GETTING YOUR GEAR.

ANALYSIS AND TRADING.

PART TWO: THE THREE M'S OFSUCCESSFUL TRADING.

4. Mind-The Disciplined Trader.

SLEEPWALKING THROUGH THE MARKET.

A REMEDY FOR SELF-DESTRUCTIVENESS.

THE MATURE TRADER.

5. Method-Technical Analysis.

BASIC CHARTING.

INDICATORS-FIVE BULLETS TO A CLIP.

6. Trading.

SYSTEM TESTING.

TRIPLE SCREEN UPDATE.

DAY-TRADING.

THE IMPULSE SYSTEM.

MARKET THERMOMETER.

EXITING TRADES.

CHOOSING WHAT TO TRADE.

7. Money Management Formulas.

NO MATH ILLITERATES.

BUSINESSMAN'S RISK VS. LOSS.

THE 2% SOLUTION-PROTECTION FROM SHARKS.

THE 6% RULE-PROTECTION FROM PIRANHAS.

POSITION SIZING.

MONEY MANAGEMENT STEPS.

PART THREE: COME INTO MY TRADING ROOM.

8. The Organized Trader.

TRADER'S SPREADSHEET.

THE EQUITY CURVE.

TRADING DIARY.

ACTION PLAN.

9. Trading for a Living.

DISCIPLINE AND HUMILITY.

HAVE YOU GOT THE TIME?

THE DECISION-MAKING TREE.

BEGINNER, SEMIPRO, PRO.

GOING PRO.

10. Come Into My Trading Room.

EXCERPTS FROM THE DIARY.

YOUR NEXT TRADE.

Acknowledgments.

Sources.

Index.

About the Author.