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

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Why teach? Why not simply stay in front of the screen and quietly grind out profits? Whenever I hear this question, I say: "Preaching is good for the preacher." Showing specific chart patterns and stressing the need for discipline reinforces my own performance. To master a concept you have to be able to teach it to others. If you can't explain what you think you know, then you really don't know it. Once or twice each year I run a live trading workshop with Kerry Lovvorn, my partner in SpikeTrade.com. At the time of this writing, we had six such workshops, traded our accounts in each of them, and both of us made money in all six classes. If you were to take six random days from my trading, I wouldn't be able to deliver 100% profitability. Neither would Kerry ¿ but we've done it in our classes because working in front of a group creates extra pressure to succeed. That's what I mean when I say that preaching is good for the preacher. Read this book carefully, take notes, test its lessons on your own data. I want this book to help you as much as writing it helped me. -Dr. Alexander Elder

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Pagina's: 304, Editie: Eerste editie, Hardcover, Wiley John + Sons