Rating: 
Summary: A Complete Introduction to Trading Essentials
Review: I really enjoyed the first book by Dr Elder, "Trading for a Living" very much. I have just finished Dr Elder's new book, "Come Into My Trading Room" and have enjoyed it very much too. There are several new ideas in the new book. A lot of the material in this book was presented in "Trading for a Living". It is the best book that combined the 3Ms -- Mind, Method and Money Management -- required for successful traders. It expands on the methods presented in "Trading for a Living" and makes the triple screen concept very clear. I think the great difference between this book and other trading books is Dr Elder's background as a psychiatrist. He provides valuable insights into understanding the human element of market behavior, and the individual trader that makes his work unique. Dr Elder shares his own, successful trading strategy in a clear, concise, and easy to understand style. He does a great job showing some of his successful trades. I'm sure this is one of the finest books on developing trading skills. It is not only fun and easy to read but it is profitable. It pays back.
Rating:
Summary: An Excellent Follow-Up to Elder's Trading For A Living
Review: Alexander Elder gained well-deserved prominence for his first book, Trading For a Living. It's one of my favorite books on trading. Out of this classic came such new indicators as the Force Index, which is one of the indicators I use regularly in my chart software. I read Elder's follow-up, Come Into My Trading Room, in hopes of learning additional insights of the Force Index. While I found some new information here, I was even more impressed by the following lessons Elder shared: 1) "Some of the best trading opportunities occur after false breakouts" - I'm finding this more and more these days, which is why I actively use my Momentum Divergence indicators to separate the fakeouts from the real breakouts. Elder does a great job showing numerous charts throughout his book, laying the groundwork for the divergence examples he explains in great depth when you step into his trading room in the final chapter with many actual trading examples. You need to understand the concept of divergence to trade today's markets more profitably, and this book will be a great help in showing you how to trade divergence setups. 2) Triple Screen - Elder explains the important of using multiple timeframes, though he advocates two to no more than three time frames. The key concept is that whatever timeframe you use, you need to go up to the next longer timeframe to get confirmation. This provides the bigger picture trend to define the nature of your trades, and then you can return to the shorter timeframe and make more tactical decisions with this broader trend in mind as well. 3) Grade Your Performance - Elder actually quantifies trading effectiveness by defining the width of the channel for a stock, and what percentage of the move the trader actually captured to determine his grade. Regardless of how a trader measures his performance, it must be tracked in order to make improvements and experience constant improvement. 4) The SafeZone Stop - While I have not tested this indicator in my systems yet, Elder's SafeZone Stop looks like a more effective way to place a trailing stop than standard moving averages. The SafeZone Stop appears to adjust more rapidly to trending versus flat periods for a stock, compared to moving averages. This new technique should easily be worth many times the price of this book by itself. 5) Chapter 9: Trading for a Living - This chapter was my most highlighted chapter, as Elder covers the stages of growth from beginning to professional trader, covering a wide range of topics on trading discipline, time management, organization and developing a viable trading plan, to highlight just a few. All in all, Come Into My Trading Room is an excellent follow-up to Elder's Trading For A Living, and I think you'll also find it a quick and thought-provoking read.
Rating: 
Summary: Sequal to trading for a living
Review: Very good book. I agree that the charts could have been better and more relevant to wha Elder was discussing in the text. His mental toughness section is excellent. Trading is a mental game, and a trader has to stay mentally tough or take a break. Mark Douglas's books are the best on this. Laurence Connors places a big emphasis on this too.
Rating:
Summary: A Complete Introduction to Trading Essentials
Review: I really enjoyed the first book by Dr Elder, "Trading for a Living" very much. I have just finished Dr Elder's new book, "Come Into My Trading Room" and have enjoyed it very much too. There are several new ideas in the new book. A lot of the material in this book was presented in "Trading for a Living". It is the best book that combined the 3Ms -- Mind, Method and Money Management -- required for successful traders. It expands on the methods presented in "Trading for a Living" and makes the triple screen concept very clear. I think the great difference between this book and other trading books is Dr Elder's background as a psychiatrist. He provides valuable insights into understanding the human element of market behavior, and the individual trader that makes his work unique. Dr Elder shares his own, successful trading strategy in a clear, concise, and easy to understand style. He does a great job showing some of his successful trades. I'm sure this is one of the finest books on developing trading skills. It is not only fun and easy to read but it is profitable. It pays back.
Rating:
Summary: Improvement In My Trading Room
Review: Dr. Elder holds nothing back. The author shares with you a method, a system, and a technique for trading that can be applied to all markets. This book and the study guide will take you step by step through the process of trading. If you don't have a trading plan this book will show you how to develope one. Also the author nudges you to awareness of the all important step of making the trading plan yours. If you are a novice this can be a huge hurdle to overcome without guidance. If you are a more experienced trader and can admit to yourself your result could be better, buy the book, its worth it. Dr. Elder includes step-by-step guides for risk control, money management, record keeping and many more trading essentials that cannot be touched on in this review.
Rating:
Summary: Slightly uppity, but very informative
Review: This book is a great guide to market psychology and exposes what happens to your money when you experience a loss in the market. Who gets it?
When I purchased the book (a recommendation from a friend) I paid no attention to the author. While reading the book, I sensed this was written by a PHD. Sure enough, it was. He also mentions this well in to the book. I'm skeptical of PHDs due to their "I'm always right" nature, however this author writes with an air of humility which is quite refreshing. He definitely writes like a man who's been at the market for a while. But enough of my idle chatter, this book is an awesome guide to any type of trading. Want to buy put options because you think the market is going to turn? Read this book first! Awesome information. A definite keeper.
Rating: 
Summary: Disappointing. His first book is actually better.
Review: I had read and gained great insight from his first book called Trading for a Living. This new book did not add significantly to the content contained in the previous book hence I have given the book 2 stars. Minimal value added. The essence of the book is to trade with the trend but to find value points within the trend. But as another reviewer has indicated, the example trades given in the diary section do not do this. Invariably these trades are of the bottom-picking variety, albeit with the technical rationale laid out pretty transparently. One is left with a feeling of confusion with respect to whether the author trades in accordance with the main part of the book, or in accordance with the example trades given in the trading diary. The book is broadly split into 3 areas. Mind, Method and Money Management. The section on trading psychology (Mind) is coherent, but for a more useful insight into this aspect of trading, I would strongly recommend Mark Douglas' books, for example Trading in the Zone or The Discipline Trader. The section on trading methods (Method) is hardly revolutionary. As I have already alluded to, if you understand what a trend is and can identify pullbacks within it, this is all that you will gain from the book. The author does however have an interesting segment on multiple timeframe analysis (what he terms the Triple Screen). The section on risk management (Money Management) is very weak and potentially dangerous in my view. The author recommends the "traditional" per trade risk of 2% of account size. Even a rudimentary Monte Carlo analysis would lead one to the conclusion that such an approach would result in an extremely volatile equity curve. As another reviewer may have indicated, a more prudent to risk management can be found amongst the works of Van K. Tharp, for example in Trade Your Way to Financial Freedom. Sometimes the better path to a rounded knowledge is to gain it from several sources, rather than to attempt to squeeze it all into one book.
Rating: 
Summary: Doesn't practice what he preaches
Review: I must agree with the previous reviewer (pkrider). Mr Elder spends a lot of time laying out the seemingly robust tenets of sound trading, only to blow his credibility in the last chapter, which reviews actual trades. To spend the majority of the book laying out the rationale for trend trading and multiple timeframe analysis and then to contradict oneself by solely reviewing trades involving trading against the trend (automatically negating the usefulness of multiple timeframe analysis) was strange, to say the least. Overall, a good book, but not a seminal work. Van Tharp's books are better.
Rating:
Summary: T for L is better
Review: This book is ok but if you already own or have read (trading for a living) his first book which i thought was a 5 star, do not bother with this one. Its not as well written and repeats most of whats already in that book.
Rating:
Summary: An excellent trading book, highly recommended
Review: It is an exciting and wonderful book I have ever read on stock
trading! Obviously the author have not only solid experience
and knowledge background in stock, but also great skills
in teaching. The three points he made made a lot of
sense to me: mind, method and money management. Another great
thing is that the author knows what kind of mistakes newbies
are likely to make. In many cases he compared how a newbies is
likely to do and how a professional is likely to do. These comparisons are very helpful to me. I practiced the princples in my trading. It helps, a lot!
Following one of the introduced pattern, yesterday I
successfully caught a stock rallied 17% in one day! I am a
newbie in stock, but made real money. One thing I don't like is the book cover. It is easily slipped
away from the hard cover of the book. So finally I just put it
aside. The language and wording is smooth, interesting, concise and
accurate. Overall, this book has great content, is very fun to read.
Highly recommended.
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