The new trading for a living pdf
You're referring to the popular book "Trading for a Living" by Alexander Elder!
The book has been widely acclaimed for its comprehensive and practical guidance on trading, and it's considered a must-read for many traders. Here's a brief summary of the book's main ideas:
Part 1: The Psychology of Trading
- Elder emphasizes the importance of understanding your own psychology and emotions in trading.
- He discusses common pitfalls, such as fear, greed, and overconfidence, and provides strategies for managing them.
- He also introduces the concept of "trading personality" and how it affects your trading decisions.
Part 2: The Art of Trading
- Elder shares his own experiences and insights on trading, including his approach to market analysis, risk management, and position sizing.
- He discusses various trading strategies, such as trend following, range trading, and breakout trading.
- He also provides guidance on how to adapt to changing market conditions and how to stay disciplined in your trading.
Part 3: The Business of Trading
- Elder covers the business side of trading, including how to set up a trading plan, manage your risk, and track your performance.
- He discusses the importance of discipline, patience, and persistence in trading, and provides tips on how to stay motivated and focused.
Part 4: Advanced Trading Techniques
- Elder shares advanced trading techniques, such as using options, futures, and forex markets.
- He discusses the importance of understanding market dynamics, including order flow, market sentiment, and technical analysis.
Part 5: Putting it All Together
- Elder provides a comprehensive overview of the trading process, from setting up a trading plan to executing trades and managing risk.
- He emphasizes the importance of continuous learning, self-reflection, and improvement in trading.
The book is filled with practical examples, anecdotes, and insights from Elder's own trading experiences. It's a valuable resource for both beginner and experienced traders looking to improve their skills and achieve success in the markets.
As for the new PDF, I'm not aware of any recent updates or revisions to the book. However, you can find the original book in various formats, including paperback, Kindle, and audiobook, on popular online retailers like Amazon.