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TRADING FOR A LIVING (BY DR ALEXANDER ELDER) / Book summary
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#money #education #finance #investing #investment #stocks #passiveincome #books
- Successful trading rests on three pillars: psychology, market analysis & trading systems and money management
- You may have to spend just as much time analyzing yourself as you spend on analyzing the markets
- There’s no one indicator for all situations and purposes – learn about different ones and combine them for optimal results
- Use, or take inspiration from, the triple screen trading system
- Survival always comes first! If you don’t practice sound money management, you’re a gambler, not a trader.
- Successful trading rests on three pillars: psychology, market analysis & trading systems and money management
- You may have to spend just as much time analyzing yourself as you spend on analyzing the markets
- There’s no one indicator for all situations and purposes – learn about different ones and combine them for optimal results
- Use, or take inspiration from, the triple screen trading system
- Survival always comes first! If you don’t practice sound money management, you’re a gambler, not a trader.
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