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Elder's book is quite good, but contains only about 3 chapters about
the psychology of trading. The rest is devoted to descriptions and methods
of using some of the more basic and readily available indicators. He then
develops these into trading systems and presents some risk management
techniques. After reading it you will probably want to go to some more
detailed texts on the subjects that interest you. For an excellent book on
the psychology of trading try "The Disciplined Trader" by Mark Douglas.
Good luck and
good trading,
Ray
Raffurty
-----Original Message-----
From: Terry S. Smith <tesla@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, November 24, 1998 11:11 AM
Subject: Re: Wrong Lessons for trading.
>Have never read Elders, Trading for a Living, but I have heard great things
>about it, maybe I will add it to my trading library. E-mail me privately in
>this matter.
>-----Original Message-----
>From: Mike Campbell <mcampbell@xxxxxx>
>To: tesla@xxxxxxx <tesla@xxxxxxx>; realtraders@xxxxxxxxxxxxxx
><realtraders@xxxxxxxxxxxxxx>
>Date: Tuesday, November 24, 1998 8:54 AM
>Subject: Re: Wrong Lessons for trading.
>
>
>>Terry S. Smith writes:
>>
>>> The best book I have found to unlearn basic human nature is MINDTRAPS
>>> UNLOCKING THE KEY TO INVESTMENT SUCCESS By Roland Barach. Before
>>> reading the book it did not occur to me that I needed to shift my
>>> perspective 180 degrees to be successful. After reading it I began to
>>> realize why I was struggling to making any money in my investing
>>> persist. It lists 88 psychological snares or Mindtraps that we must
>>> unlearn to become successful in this business. The ISBN is
>>> 0-935219-07-2. Happy trading,
>>
>>How would you rate this book with respect to Elder's "Trading for a
>>Living"? I'm reading that now, and it's an eye-opener for me.
>>
>>
>
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