The New Trading for a Living gives Sri Lankan investors a complete look into trading psychology, risk management, and market research that is useful in today's unpredictable global markets. Dr. Alexander Elder masterfully combines technical analysis with psychological discipline. His findings are especially useful as Sri Lanka's financial markets continue to change as the economy shifts. The book's methodical way of regulating emotions while making decisions based on evidence fits well with Sri Lankan trading culture, where it's still important to find a balance between old and new ways of doing things.
Elder's triple-screen trading technique gives Sri Lankan readers a disciplined way to deal with the issues of their own markets and those around the world. His focus on protecting capital through proper position sizing and risk management is in line with the sound investment practices that are appreciated in Sri Lankan financial circles. The book goes into great length about technical indicators, chart patterns, and trading psychology. It gives you useful information that connects Western trading ideas with those that are useful in emerging markets like Sri Lanka.
Elder doesn't just teach trading tactics; he also teaches a way of thinking about self-management that fits with Sri Lankan ideals like discipline and always getting better. His ways of keeping track of trading success and keeping trading notebooks give Sri Lankan investors useful tools for professional advancement in a field where there may not be many local mentors. This makes this work an important companion for serious traders all around the island.
Quote
"The goal of a successful trader is to make the best trades. Money is secondary."
Reviews
This book changed how I look at the market as a day trader in Colombo. Elder's psychological insights helped me stop making emotional trades, and his technical tactics worked wonderfully in our local market. Important reading for serious traders in Sri Lanka.
About the Author
Dr. Alexander Elder is a psychiatrist, a skilled trader, and a teacher of traders. He was born in Leningrad and fled the Soviet Union when he was young. He worked as a psychiatrist in New York and then became a successful trader. His unusual background, which includes both psychological knowledge and real-world trading experience, makes him a regarded specialist in the subject.
Product Details
Author: Alexander Elder
Publisher: Wiley
Language: English
Binding: Paperback
