Rating: 
Summary: Excellent book!!
Review: This is definitely a book for the novice, the intermediate and the professional trader.The psychological section of the book is useful more towards the intermediate and the professional trader, whilst the trading tactics section is more designed for the novice and the intermediate trader, and the money management section for all three types of traders. I found this book very helpful throughout my trading career and I would highly recommend that once you have read it not to discard it. You will find it greatly more beneficial to your trading career if you were to read it at least once every 1-2 years of your trading life, because certain areas in the book become highlighted and more readily understood as you mature. The only reason why I gave it the 4 stars was Elder's fairly lack-lustre Money Management section (accounts for about 6% of the book). However if you find you would like to know more about Money Management (which is an integral part of trading) I would highly recommed K. van Tharp's "Trade Your Way To Financial Freedom."
Rating: 
Summary: One of the best
Review: This one is the first book i read on the psychology involved in trading. And up to now, i think i would still rate it in my top 10 books.
Rating:
Summary: thank you for the book
Review: To Dr. Elder,
I read your Trading for a Living 5th times now, I think, I did not really count. This time I focused more on the last section on money management.
At the first few times when I read this, I read through it but deep down in my mind, I did not buy your idea of the 2 percent rule. It really just doesn't "make sense" for those of us who has a small account.
I am glad after about half a year reading and re-reading your book, and I began to hear you speaking to me whenever I am ready to pick-up the phone and place an order. My equity account is still small, and grown just a little bit, but if you said 20% annually would be called a king of Wall Street, and I think I should be contented with that.
I wish many others would have read your book and re-think or re-learn their trading habits.
Many thanks again.
Rating:
Summary: No better book to start learning about trading!
Review: Together with John Murphy's and Martin Pring's technical analysis books, *Trading for a living* is the best book out there for someone to start learning about trading. It must be purchased together with the accompanying workbook *Study guide for Trading for a living* to be complete. Somebody reading other books to start trading will end up being confused.
Dr. Elder's original theory is actually laid out in 3-4 pages but the other chapters in his book are useful in offering the budding trader insights into other aspects he - a newbie - must consider and learn more about if he is to grow.
Elder's Triple Screen system cannot be automatically backtested by the current software packages but it is a profitable method alltogether. Other traders who have been influenced by Elder's work came out with the Balance of Power and Bull/Bear Power concepts to complement his approach (see the Technical Analysis of Stocks and Commodities magazine, http://www.Traders.com), but they don't necessarily translate into more hefty profits. The original theory is good enough as it is if well apllied.
This is a book for every trader's personal library that will provide pleasurable re-readings over time! It has already changed the lives of many traders, speculators and investors for the better since 1993 when it was first published.
John Craciun,
http://www.MarketTide.com
.
Rating:
Summary: Trading for a Living: Psychology, Trading Tactics, Money Man
Review: Trading for a Living: Psychology, Trading Tactics, Money Management
by Alexander Elder talks about how human nature intersects with the investment world.
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.
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