The New Trading for a Living - Psychology, Discipline, Tools and Systems, Risk Control, Trade Management - Dr. Alexander Elder

Sep 21, 2026

Wiley Trading series book material presenting trading guidance grounded in survival and adaptation within changing markets. The text introduces core pillars—psychology and discipline—then connects these with trading tools and systems, risk control, and trade management. It frames the reader’s progression from individual and mass psychology, through classical chart analysis and computerized technical analysis, to volume and time, general market indicators, trading systems, and multiple trading vehicles.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages303

Reading Time12 h 44 min

AccessFree to download

Preface

Introduction

1. Trading—The Last Frontier

2. Psychology Is the Key

3. The Odds against You

ONE Individual Psychology

4. Why Trade?

5. Reality versus Fantasy

6. Self-Destructiveness

7. Trading Psychology

8. Trading Lessons from AA

9. Losers Anonymous

10. Winners and Losers

TWO Mass Psychology

11. What Is Price?

12. What Is the Market?

13. The Trading Scene

14. The Market Crowd and You

15. Psychology of Trends

16. Managing versus Forecasting

THREE Classical Chart Analysis

17. Charting

18. Support and Resistance

19. Trends and Trading Ranges

20. Kangaroo Tails

FOUR Computerized Technical Analysis

21. Computers in Trading

22. Moving Averages

23. MACD Lines and MACD-Histogram

24. The Directional System

25. Oscillators

26. Stochastic

27. Relative Strength Index

FIVE Volume and Time

28. Volume

29. Volume-Based Indicators

30. Force Index

31. Open Interest

32. Time

33. Trading Timeframes

SIX General Market Indicators

34. The New High–New Low Index

35. Stocks above 50-Day MA

36. Other Stock Market Indicators

37. Consensus and Commitment Indicators

SEVEN Trading Systems

38. System Testing, Paper Trading, and the Three Key Demands for Every Trade

39. Triple Screen Trading System

40. The Impulse System

41. Channel Trading Systems

EIGHT Trading Vehicles

42. Stocks

43. ETFs

44. Options

45. CFDs

46. Futures

47. Forex

The New TradiNg for a LiviNg The Wiley Trading series features books by traders who have survived the market’s ever-changing environment and have prospered—some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future. For more on this series, visit our website [at www.WileyTrading.com](at www.WileyTrading.com). Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. | | | | | --- | --- | --- | | | | | | | | | The New TradiNg for a LiviNg Psychology • Discipline Trading Tools and Systems Risk Control • Trade Management Dr. Alexander Elder [www.elder.com](www.elder.com)[ ](www.elder.com)[www.spiketrade.com](www.spiketrade.com) Cover design: Paul DiNovo Copyright © 2014 by by Dr. Alexander Elder. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923,(978) 750-8400, fax (978) 646-8600, [or on theWeb at www.copyright.com. Requests](or on theWeb at www.copyright.com. Requests) to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc. , 111 River Street, Hoboken, NJ 07030,(201) 748-6011, fax (201) 748-6008, or online at [http://www.wiley.com/go/permissions](http://www.wiley.com/go/permissions). Limit of Liability/Disclaimer of Warranty:While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials.The advice and strategies contained herein may not be suitable for your situation.You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or anyother commercial damages, including but not limited to special, incidental, consequential, or other damages. For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002. Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at [http://booksupport.wiley.com. For more](http://booksupport.wiley.com. For more) information about Wiley products, [visit www.wiley.com](visit www.wiley.com). Library of Congress Cataloging-in-Publication Data: ISBN 978-1-118-44392-7 (Hardcover) ISBN 978-1-118-96367-8 (ebk) ISBN 978-1-118-96368-5 (ebk) Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 To the memory of Lou Taylor— a wise man, a savvy trader, and a true friend. | |
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FAQs

What is the series’ main focus for becoming a successful trader?

It emphasizes surviving the market’s changing environment by pairing trading psychology and discipline with practical tools, systems, and structured trade management.

How does the book organize trading knowledge?

It progresses from individual and mass psychology to classical chart analysis and computerized technical analysis, then to volume/time, general market indicators, trading systems, and specific trading vehicles.

What topics are covered under computerized technical analysis?

It includes computers in trading, moving averages, MACD, the directional system, oscillators such as stochastic and RSI, and related indicator methods.

Sep 21, 2026

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