This book is the follow-up to Trading for a Living, which is very popular among futures traders. It is important to note that the author is a professional trader and a practicing psychiatrist. Obviously, he focuses on the psychology of trading and the mental reasons why traders either thrive or they are habitual losers. This book covers many of the same topics as his prior book, but his trading system has some revisions and his coverage of the psychology of trading has expanded, and is always worthwhile reading.
Dr. Alexander Elder (New York, NY) is a professional trader, technical tahlil expert, and practicing psychiatrist. He is the founder of Financial Trading Inc., providing intensive trading camps to traders all over the world. Elder’s first book Trading for a Living (Wiley: 0471592242) and the companion study guide have sold over 160,000 copies.