Trend Trading for a Living: Learn the Skills and Gain the Confidence to Trade for a Living

Trade the trend and you can trade for a living

If you're going to play the stock market, play to win by using a fundamental strategy of most hedge fund managers-trend trading. In Trend Trading for a Living, the trading coach and hedge fund manager known on Wall Street as “Dr. Stoxx” shares his personal strategies for analyzing markets, picking stocks, and knowing when to buy and sell.

This step-by-step book offers a practical road map to get yourself familiarized with the stock market and into the driver's seat of your financial future. In five progressive parts, Trend Trading for a Living helps you:

Configure your platform: setup your home computer to trade online with the best brokers
Learn the basics: understand trend trading, select stocks to watch, and interpret market signs
Get in the game: select the most profitable bullish and bearish stocks and pick your entry and exit prices
Leverage your portfolio: learn how to trade with options to increase your financial rewards
Turn pro: with patience, determination, and a strategy grounded in fundamentals, you can “trade for a living”

Customer Reviews:

Great book. Didn't deserve the slam from Elder

By Leviathan - February 25, 2009

I find it very regrettable that Dr. Elder has seen fit to slam this author's book in the public venue of Amazon.com book reviews. I've only been involved in learning the stock market since September of 08, and while there are innumerable books on the subject and countless web pages devoted to it, most of them only serve to increase the sense of mystification in the mind of the newbie.

"Trend Trading for a Living", is quite exceptional amongst the available titles in that it does a much better job of making the subject matter digestible to people who aren't already experts. I would recommend starting with an abject beginner's book first, and then read this book to really clear up any confusion you may still have. While I have found nothing new in it (I haven't seen anything so far that I haven't seen before...), I do find that I'm actually UNDERSTANDING and RETAINING what I'm reading, which is new. It may be covering the same old material, but it's done well and... read more

It's good...ideal for creating a watchlist and a trading plan

By TraderGuy - March 5, 2008

Positives: Specific set-ups and the formulas to scan for them using stockcharts.com.
How to create a watchlist of trending momentum stocks and finding a potentially low-risk time to enter them.
It's one of the few books that discusses different methods of actually taking profits, which anyone who's tried to trade for a living knows that's far more important than entries.
A discussion of trading options in a very clear and simple manner.

Negatives: No backtesting provided to give the probabilities of success, drawdowns, etc for the set-ups provided.
It could have been better had the author spent a few pages discussing position sizing and money management of one's account instead of the last chapter about his "utopia" world of future trading.
The constant referencing of his website/newsletter gets annoying, but I guess one has the right to advertise in their own book as much as they can.

It's a good book but I can't say if it's worth the... read more

Excellent addition to any trading library

By Steve Burns - April 7, 2008

This book is in the tradition of Alexander Elder and Nicolas Darvas, some of the authors trading inspirations.(Mine also). It is a book that shows how to trade volatile high beta stocks using the trend as a guide. It is full of technical trading systems, with no fundamentals here you can ignore news reports, economic and business forecasts, P/E ratios, and book value. What you look for is chart set ups for both long and short positions.Great examples are given and how to find them. The book reinforces the "Price is reality" school of thought where price reflects the companies prospects, if the market likes your company's prospects the price goes up, if it does not it goes down. I agree it really is that simply. The book uses four sources of input for its systems:
Price patterns.
Moving averages.(I find these highly valuable). 20 and 50 day SMA
Technical Oscillators MACD, stochastics, RSI, CCI, and OBV.
Japanese Candlesticks (My favorite charts)

The book... read more

AVAILABILITY
Merchant	Format	Price
Amazon US	Paperback	$10.00 - $39.95
eBooks.com	Digital (PDF)	$39.95
BookByte	Paperback	$29.96
eCampus	Paperback	~~$30.39~~ discount!