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 ivIntroduction 1How This Book Is Organized 2Male Or Female? 4Part One Financial Trading for Babes in the Woods 51 Invest? Trade? Gamble? 7An Intelligent Investor 7An Intelligent Trader 8An Intelligent Gambler? 122 What Markets to Trade? 15Stocks 16Futures 18Options 203 The First Steps 25The External Barriers to Success 25Getting Your Gear 32Analysis and Trading 39Part Two The Three M’S of Successful Trading 454 Mind—The Disciplined Trader 47Sleepwalking Through the Market 49A Remedy for Self-destructiveness 54The Mature Trader 615 Method—Technical Analysis 67Basic Charting 68Indicators—Five Bullets to a Clip 846 Trading 123System Testing 125Triple Screen Update 128Day-trading 138The Impulse System 157Market Thermometer 162Exiting Trades 165Choosing What to Trade 1837 Money Management Formulas 215No Math Illiterates 217Businessman’s Risk vs. Loss. 218The 2% Solution—Protection From Sharks 220The 6% Rule—Protection From Piranhas 223Position Sizing 227Money Management Steps 230Part Three Come Into My Trading Room 2338 The Organized Trader 235Trader’s Spreadsheet 236The Equity Curve 238Trading Diary 240Action Plan 2429 Trading for a Living 245Discipline and Humility 247Have You Got the Time? 251The Decision-making Tree 257Beginner, Semipro, Pro 264Going Pro 26710 Come Into My Trading Room 271Excerpts From the Diary 273Your Next Trade 298Acknowledgments 301Sources 303Index 307About the Author 313

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 ivIntroduction 1How This Book Is Organized 2Male Or Female? 4Part One Financial Trading for Babes in the Woods 51 Invest? Trade? Gamble? 7An Intelligent Investor 7An Intelligent Trader 8An Intelligent Gambler? 122 What Markets to Trade? 15Stocks 16Futures 18Options 203 The First Steps 25The External Barriers to Success 25Getting Your Gear 32Analysis and Trading 39Part Two The Three M’S of Successful Trading 454 Mind—The Disciplined Trader 47Sleepwalking Through the Market 49A Remedy for Self-destructiveness 54The Mature Trader 615 Method—Technical Analysis 67Basic Charting 68Indicators—Five Bullets to a Clip 846 Trading 123System Testing 125Triple Screen Update 128Day-trading 138The Impulse System 157Market Thermometer 162Exiting Trades 165Choosing What to Trade 1837 Money Management Formulas 215No Math Illiterates 217Businessman’s Risk vs. Loss. 218The 2% Solution—Protection From Sharks 220The 6% Rule—Protection From Piranhas 223Position Sizing 227Money Management Steps 230Part Three Come Into My Trading Room 2338 The Organized Trader 235Trader’s Spreadsheet 236The Equity Curve 238Trading Diary 240Action Plan 2429 Trading for a Living 245Discipline and Humility 247Have You Got the Time? 251The Decision-making Tree 257Beginner, Semipro, Pro 264Going Pro 26710 Come Into My Trading Room 271Excerpts From the Diary 273Your Next Trade 298Acknowledgments 301Sources 303Index 307About the Author 313