Stocks and Selling Strategies

In 1993, Dr. Alexander Elder published the first in his series of books dedicated to the art of making money with the stock market, Trading For A Living.  As a psychiatrist, he brings a very unique insight into the psychological aspect of trading.  Dr. Elder knows about taking chances; he sought political asylum in the United States when he was 23, continued his work as a psychiatrist, and developed a widely acclaimed series on stock market trading.  He is considered one of the world’s top experts in this field.

In this first installment,  Dr. Elder introduces his readers to the Three M’s: Mind, Method, and Money.  Trading For A Living encompasses a good mindset while trading in the markets, and teaches you the most important thing about trading; how to keep a level head.  The pshychological aspect of trading is explored in a fascinating way.  Dr. Elder teaches you to go against your basic human nature, that of “cut your losses and run,” and stand strong; the result is a slow but steady portfolio growth.

Trading For A Living shares important stock trading tips and tricks, and will ultimately teach you how to manage your money in your market accounts for the best growth.  The book focuses on advice for the short term investor and is a great introduction for the beginner.  Dr. Elder shares his tips for allowing small investments to grow larger with patience; it is an ideal book for those with limited funds to invest.

This book discusses preconceived notions about trading and will help you build a strong foundation for money management.  Dr. Elder explains how to get started in the industry with clear, concise, step by step instructions.  He explains the different trading systems and discusses risk management, an area of trading where his psyshological expertise comes into play.  Trading For A Living discusses trendlines and charting, taking his reader through basic chart patterns for a clear understanding of what they mean, and introduces concepts in charting such as support and resistance.  In all, the book is a perfect beginner’s guide to the world of trading.

Those interested in Trading For A Living might also be interested in the companion, Trading For A Living Study Guide.  Dr. Elder features webinars on his methods and has authored the follow-up books Come Into My Trading Room, Entires And Exits, and Sell And Sell Short; all books have companion study guides.  The books are available as ebooks and audio books as well.

Dr. Elder sponsors Trading Camps, week long classes taught by the top professionals in the field.  He also is available for conferences and private consultations and has an informative monthly newsletter on the most current trading trends.  His website features Spike Group, which gives a weekly market analysis and top stock picks.

Trading For A Living, along with Trading For A Living Study Guide, is a great choice if you are just getting started in the stock market and a great addition for your collection if you already trade.