MiniCravings

This is another book i want to recommend for serious trader and investor out there. Trading for a Living will help you master :

- Individual psychology – how to become a disciplined trader

- Mass psychology – know when to join the crowd and when to leave it

- Classical charting – identify support and resistance, place stops

- The neglected essentials – read volume, open interest, and time cycles

- Psychological indicators -profit from contrary opinion theory

- Trading systems – learn about the Triple Screen trading system

- Risk management – all about stops and profit targets

Alexander Elder, M.D., is a professional stock trader, living in New York. He is the author of Trading for a Living and the Study Guide for Trading for a Living, both best-selling and well known among traders. First published in 1993, these books have been translated into Chinese, Dutch, French, German, Greek, Japanese, Korean, Polish, and Russian. He also wrote Rubles to Dollars – a book about the transformation of Russia – and Come into my my trading room in 2002.

Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship’s doctor, he jumped the Soviet Union ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with a unique insight into the psychology of trading. Dr. Elder’s books, articles, and software reviews have established him as one of today’s leading experts on trading.

Recently i finished reading this book title Trading in the Zone written by Mark Douglas. This book focus on teaching you the psychology of trading stocks and future instead of techniques. If you are looking for books to improve your skill/techniques i recommend you Trading for a Living . I would say this book is more suitable for Malaysia who is trading derivatives (FKLI or FCPO) because we can take long or short position in this two instruments. This book will teach you how do you about risk management and how to trade using the author’s technique. It is quite interesting but i wont reveal it here. Read the book and find out on yourself!