Rating: 
Summary: For Beginners Only
Review: Elder begins with a chapter on psychology. Mind as he refers to it. In my experience, success in trading has less to do with understanding "the madness of crowds" and more to do with developing discipline. Read Mark Douglas instead.Next, Elder spends a lot of pages giving the reader a rundown of the most common price patterns and technical indicators. Which is fine if you don't know them, but has all but the most neophyte readers skipping over great gobs of the book. Next, Elder trots out his two pet indicators and tells you about them. I have used them and they're about as good as any others that you probably already know about and have already used. In other words, I wouldn't buy the book just to get a peek at them. Lastly, he goes into money management. Elder has said himself that he wishes he had devoted more time to this section. Once again, unless you are a complete beginner, you won't find much meat here either. Elder likes trading off moving averages and looking for divergences in certain indicators. Well, I have been trading a fair number of years and am here to tell you, you can do better than that. Much better. If you're a beginner, try reading Nison and DiNapoli/Boroden. Their material is far more effective and will have a much greater impact on your bottom line.
Rating: 
Summary: Useful information clearly presented
Review: What a gem this book is! I own approximately 100 books on the various aspects of trading stocks and options, and Dr. Elder's book is at the top of the list. The 200-page section on technical analysis is the clearest I have read anywhere. The first 70 pages are pop-psychology for would-be traders, but presented in such a way that the advice is actually useful and non-vomitous...In contrast to a spate of recent books with titles like "Trading to Win", most of which are blatant ripoffs advising us to have a positive attitude no matter what. Yeah, right, take it to the bank. The last section on money management is superficial, but no book is perfect, right? I don't know how this 1993 title escaped my attention until recently, when a fellow trader recommended it. I find the exponential growth of new day-traders extremely worrisome and to you novices out there, I say read this book before you even think about making a trade.
Rating:
Summary: The system always wins
Review: You never know how unrational and emotional man can become. There are no favors in this business. In this business you risk a lifetimes worth of money, all at once. When you loss there is no mercy or forgiveness. There is no safe avenue to hide. It wrenches the soul like wave of pain when wrong. Its eupheric when right. You become invincible, treat people rudely, make impossible demands, and rule like a king. All the religious values are squashed by the feeling of raw power. Never underestimate the power of money. In the end betrayal will cause tears of anquish, as the system forces you into the cruel reality of the world. The innocent and the enemy must be sacrificed too the ambitions of the system. There is no mercy in this game, no friends, and no love. The system will manipulate you in the end.
Rating:
Summary: "The best book on day/short-term trading I've read to date"
Review: Without a doubt, the author does a fantastic job of describing the key elements of a day trader's success-beginning with the most crucial aspect, mind management. This is by far the best book I have read to date on the psychology of markets & crowds as well as money management. It also serves as a great primer on technical analysis with detailed explanations on how indicators can be used to a trader's profitable advantage. The Triple Screen Trading System (developed by the author) is an awesome starting place for the new trader. I would HIGHLY recommend the purchase of this book to any serious person who has decided to "pull the trigger" and start a future in the most exciting, fulfulling career imaginable-day trading. Also, I would like to thank the author for humbly sharing what I consider to be the most valuable information I have gathered on this subject.
Rating:
Summary: The Standard for Technical Analysis
Review: I just wanted to thank Dr. Elder for everything I've learned through reading his book, twice :-) ! I'm 18 years old and currently in one of the best Undergraduate Business School in the world - but they don't teach Technical Analysis here. I came into the markets when I was about 15. I began as the "fundamental analyst" taking into account all I read but Technical Analysis (TA) appealed more to me. Everyone uses Fundamental Analysis and the one who survives is the one who gets the info fastest and reads through everything that is released. That just is impractical unless you have the time. TA is so much more in sync with my strengths. Asking around for the best "TA Book" on AOL message boards, I was referred to your "Trading for A Living." The first time I read through it was such an amazing experience. Here in writing was everything that I was doing wrong and how to correct it. I studied very closely all of Dr. Elder's models and examples. I applied the 3 Ms (Mind, Method, and Money Management) and forced myself to remember Dr. Elder's examples anytime an urge came to buy a stock that I heard or "looked good." I bought my first stock using strictly Dr. Elder's principles last month. I set up the notebook as he outlined in the last pages detailing why I bought the stock and when I was expecting to sell. My results?? Well I havent sold the stock yet, but I'm up 20% in 2 weeks!! I bought COMS for the following reasons: *The break of a 2 year old Downtrend Line *A break of the OBV downtrend Line *A weekly MACD Histogram Divergnece (you know how rare these are) *A weekly stochastic bullish divergence *A momentum weekly divergence *A weekly RSI bullish divergence That's 6 different reasons to buy COMS. So I took the plunge when I saw all of them coming together, I pulled the trigger and bought at 26 15/16. The most recent quote is 32.50. All in all, I just really wanted to thank Dr. Elder. Your book has been the most positive impact on my trading experience and I hope others can benefit as I have. Omar Bassal
Rating:
Summary: Read it for the third time
Review: This is the type of book you keep on your shelf and read again and again. I just finished reading it for the third time and each time the learning becomes more valuable than the previous. The first reading gave me a broad understanding of the game, some of the formulas of the technical indicators seemed a little dry for the novice. But now I am so thankful for the formulas, they are the most treasured part of the book. I have used the formulas to plot my own graphs with my spreadsheet and have developed my own triple screen trading system witch is a system that isn't based on blind faith but a through understanding (which leads to confidence)of each indicator. So many people trade based on using an EMA or Stochastics or MACD, but what actually is it?
Buy this book and stop placing confidence and relying on other peoples data feeds and opinions, gain confidence and grow from within, trade from stable ground, your own. All the information you need to build a trading system can be found in this book along with the psychological aspect needed to trade it.
I place this book on par with Street Smarts and Dave Landry on Swing Trading.
Rating:
Summary: A most for everytrader to own.
Review: Excellent book on stock trading covers Psychology, Trading tactics and Money Management. It is a pleasure to read.
Rating:
Summary: Generous
Review: This author really wants you to get a grip. Very helpful. Now, after having actually applied this book's suggestions for two months I would like to share with you the following: 1/divergencies do not work for me; 2/the simpler your system of decision making the better chance you stand to follow it; 3/most important: forget your opinions on where the market is supposed to go, just focus on the now as displayed by the system.
Rating:
Summary: The best book on trading
Review: This book will show you the way, give you the correct thinking on trading long or short. Then find your own comfort zone, and don't squander your time or money buying other books on trading.
Rating:
Summary: Great guide, just a little outdated!
Review: This book has two sides to it. First of all, it gives some psychological tips to investing, which is not a surprise, given that the author is psychiatrist. I bought this book expecting psychological theory of investing but it turned out to be rather a minor topic. The book is concentrated much more on technycal analysis. I probably haven't read many books on investing but from everything I read this one provides the most complete picture of different methods of technical analysis (not forgetting to describe mass psychology related to every method). Yes, in some cases the book is outdated but the fact that after all the changes related to Internet, introduction of discount brokers, etc the book is still has a great value, speaks for itself. This book can serve as a very good step toward understanding technical analysis assuming you will get up to speed of today's world leveraging more recent publications
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