SEP 28 10m) TRADING FOR A LIVING WILEY FINANCE EDITIONS IVESTINGININTANGIBLE ASSETS apt ace \WowEy HANAEEHENT STRATEGIES FOR RTLRIS TRADE TRADING FOR A LIVING Psychology Trading Tactics Money Management Dr. Alexander Elder Director Financial Trading Seminars, Inc. ® John Wiley & Sons, ie, New York « Chichester © Grisbane © Toronto » Singapore Campa rade of CocpaTiaeSofreate oe, PageBaber ig gird enerack Ae Curae te engi th nortan of pte wht ae bon wate, tie icy tf dob Wey & Son la, to hve ots af emlrng value pied on cl hoe neler elt htc, ‘Segui © 1993 by Dr, Aeeatder Fler Paid hy Jobn Wiley a Somme All igh esrwed, Pub sins Cana Reprodton or again of any part of hi work Keyond ht paid by Seton 10 o¢ 108 ofthe 1976 Ucied Ste Copyig el wort pessoa ihe upsigh maf ub al uae eres or ferrari ‘ould he ndtreced the Peon Depa tha Wy & Son “Thispucion despa ode cea and wth ifermaton i tegand othe ject mater covered rant with he undtending a ep Teher fcmtenpipel mrrng legal sesouting arr proferconal verse legal dice or oe expert ince rele he ere of 9 SpE BIO [neil pers sb snght Fr Declarant of Pisces jay (chy tra Comme of he American Bar Associaton andar of Pushers Library of Congress Catton ocntinn Das ier Alene “rating fr veg: peycholoey, xing ten runes aap Alcea Eis Pay inoue bibUogrephicalefrenes a index ISBNO-sTLSo04-2 TS, 2 Fae, 3. Options Foaues) 1 Tie HUGLEO 157 savs—ac20 snasies inne Uae Sates of Aaverica To Lou Taylor— a trader, a wise man, a true friend Contents (nurnduction 1. Taing-~ The Last Frontier 2 Paychology beth Key 4. the Odes Ageinst You Indust Papchotagy 4, Why Trude? 5. Fantasy versus Reali 6 Miekel Gone 2. Selt-Destctvenest 8. Trading Poychology 9, Trading Lessons Loa AA, 1W, Losers Anoaymone 11, Winners and Losers AL Mass Psychology 42, What ts Pree? 1A, What che Market? 1a the tring ene 15, Tae Maret Crowd an Yoo 16 Pyyehotuey af Tere 17, Maging venus Forecenting i contents 11 Classica! Caart Analysis 18. Chening 1B, Soppor! and Resistance 20. Trend and Teading Runge 21, Trelines 22. Gape 25. Chit ter IV Compaterieet Techneal Analysis 24. Compan ia Trading Moving Averages 28. Moving Average Convergence Divergpnce (MACD) an MACD- Hisogam 27, The Disctional Sytem 28. Momentus, Rute of Change el Seothed Rate of Change 29. Wines 30, Stychasic 531. Relive Stength Index LAV Te Neglected Essent 52, Volume 233. Volume tine! aicaors $34 Open Toerst 35. Llerceh, Payot Index 36.Time ‘VE Sete Mure nesters 237. New High -New Low dex Traders Index md ter Stock Marke! Imlstons UC Psychologica Indicators 239, ComensisTeestos “, Comnment lucent ° CONTENTS VET New Indleaters $1. EMercay 42. Force Index Trading Systems £8-TipleSonea Tang Slee it potas eaeg are 45. Chel Teg Sem X. Risk Munygemeat 46, Lmoioos and trobubiites 47. Money Managemest 48, Filing Trades Afterword Adkaowhedymeats Sources Index