The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management
The best-selling trading book of all time—updated for the new era
The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader.
This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. The New Trading for a Living includes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system.
All charts in this book are new and in full color, with clear comments on rules and techniques. The clarity of this book's language, its practical illustrations and generous sharing of the essential skills have made it a model for the industry—often imitated but never duplicated. Both new and experienced traders will appreciate its insights and the calm, systematic approach to modern markets.
The New Trading for a Living will become an even more valuable resource than the author's previous books:
Successful trading is based on knowledge, focus, and discipline. The New Trading for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.
Two Mass Psychology
ThrEE classical chart Analysis
Trends and Trading Ranges
Four computerized Technical Analysis
MACD Lines and MACDHistogram
Other Stock Market Indicators
Consensus and Commitment Indicators
sEvEn Trading systems
System Testing Paper Trading and the Three Key Demands for Every Trade
Triple Screen Trading System
The Impulse System
Channel Trading Systems
EIGhT Trading vehicles
The Directional System
Relative Strength Index
FIvE volume and Time
sIx General Market Indicators
Stocks above 50Day MA
nInE risk Management
TEn Practical Details
ELEvEn Good recordKeeping