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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.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/the-new-trading-for-a-living-psychology-discipline-tools-and-systems-risk-control-trade-management-dr-alexander-elder/330212/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/the-new-trading-for-a-living-psychology-discipline-tools-and-systems-risk-control-trade-management-dr-alexander-elder/330212.png","ImageObject",300,407,{"name":92,"@type":93},"Clementine","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-13","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",23,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What is the series’ main focus for becoming a successful trader?","Question",{"text":113,"@type":114},"It emphasizes surviving the market’s changing environment by pairing trading psychology and discipline with practical tools, systems, and structured trade management.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How does the book organize trading knowledge?",{"text":118,"@type":114},"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.",{"name":120,"@type":111,"acceptedAnswer":121},"What topics are covered under computerized technical analysis?",{"text":122,"@type":114},"It includes computers in trading, moving averages, MACD, the directional system, oscillators such as stochastic and RSI, and related indicator methods.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},330212,1790083491,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":145,"read_time":146,"preview_page_count":4},1374391974564,"https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002","The New TradiNg for a LiviNg  \nThe 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).  \nFounded 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.  \n\n|  |  |  |\n| --- | --- | --- |\n|  |  |  |\n|  |  |  |\n\nThe New TradiNg for a  \nLiviNg  \nPsychology • Discipline Trading Tools and Systems Risk Control • Trade Management  \nDr. Alexander Elder  \n[www.elder.com](www.elder.com)[ ](www.elder.com)[www.spiketrade.com](www.spiketrade.com)  \nCover design: Paul DiNovo  \nCopyright © 2014 by by Dr. Alexander Elder. All rights reserved.  \nPublished by John Wiley & Sons, Inc., Hoboken, New Jersey.  \nPublished simultaneously in Canada.  \nNo 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).  \nLimit 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.  \nFor 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  \n(317) 572-3993 or fax (317) 572-4002.  \nWiley 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).  \nLibrary of Congress Cataloging-in-Publication Data:  \nISBN 978-1-118-44392-7 (Hardcover)  \nISBN 978-1-118-96367-8 (ebk)  \nISBN 978-1-118-96368-5 (ebk)  \nPrinted in the United States of America 10 9 8 7 6 5 4 3 2 1  \nTo the memory of Lou Taylor—  \na wise man, a savvy trader, and a true friend.  \n\n|  | \u003Cbr>C","cbCailojvnx9tAAZ","https://ap.wps.com/l/cbCailojvnx9tAAZ","pdf",13624028,303,"English","# Preface\n# Introduction\n## 1. Trading—The Last Frontier\n## 2. Psychology Is the Key\n## 3. The Odds against You\n## ONE Individual Psychology\n## 4. Why Trade?\n## 5. Reality versus Fantasy\n## 6. Self-Destructiveness\n## 7. Trading Psychology\n## 8. Trading Lessons from AA\n## 9. Losers Anonymous\n## 10. Winners and Losers\n## TWO Mass Psychology\n## 11. What Is Price?\n## 12. What Is the Market?\n## 13. The Trading Scene\n## 14. The Market Crowd and You\n## 15. Psychology of Trends\n## 16. Managing versus Forecasting\n## THREE Classical Chart Analysis\n## 17. Charting\n## 18. Support and Resistance\n## 19. Trends and Trading Ranges\n## 20. Kangaroo Tails\n## FOUR Computerized Technical Analysis\n## 21. Computers in Trading\n## 22. Moving Averages\n## 23. MACD Lines and MACD-Histogram\n## 24. The Directional System\n## 25. Oscillators\n## 26. Stochastic\n## 27. Relative Strength Index\n## FIVE Volume and Time\n## 28. Volume\n## 29. Volume-Based Indicators\n## 30. Force Index\n## 31. Open Interest\n## 32. Time\n## 33. Trading Timeframes\n## SIX General Market Indicators\n## 34. The New High–New Low Index\n## 35. Stocks above 50-Day MA\n## 36. Other Stock Market Indicators\n## 37. Consensus and Commitment Indicators\n## SEVEN Trading Systems\n## 38. System Testing, Paper Trading, and the Three Key Demands for Every Trade\n## 39. Triple Screen Trading System\n## 40. The Impulse System\n## 41. Channel Trading Systems\n## EIGHT Trading Vehicles\n## 42. Stocks\n## 43. ETFs\n## 44. Options\n## 45. CFDs\n## 46. Futures\n## 47. Forex","[{\"question\":\"What is the series’ main focus for becoming a successful trader?\",\"answer\":\"It emphasizes surviving the market’s changing environment by pairing trading psychology and discipline with practical tools, systems, and structured trade management.\"},{\"question\":\"How does the book organize trading knowledge?\",\"answer\":\"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.\"},{\"question\":\"What topics are covered under computerized technical analysis?\",\"answer\":\"It includes computers in trading, moving averages, MACD, the directional system, oscillators such as stochastic and RSI, and related indicator methods.\"}]","The New Trading for a Living - Psychology, Discipline, Tools and Systems, Risk Control, Trade Management - Dr. Alexander Elder | PDF",1789987734,764]