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Come Into My Trading Room: A Complete Guide to Trading

4.05  ·  Rating details ·  791 Ratings  ·  23 Reviews
The trading bible for the new millennium In Come Into My Trading Room , noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundament ...more
Hardcover, 320 pages
Published April 26th 2002 by Wiley (first published April 24th 2002)
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Jul 19, 2009 rated it it was amazing
Shelves: economics
Really good. Repeats some material from Trading For A Living but because the repetition is selective, it helps to emphasise what Elder really thinks is important. He also adds a lot of new material, less around technical analysis and more around money management. Elder's greatest contribution, I think, remains that he is able to eliminate the impression of traders as being money-hungry, quick trading, stock price obsessed speculators, and give a sense of method behind the market madness. Traders ...more
Mario Russo
Mar 10, 2018 rated it it was amazing
Shelves: economics
Good companion to Trading for a living book. It makes for a fun read with his analogies, his timeless psychological trading tips and this book covers in more detail risk management, which is the core soul of any trader/investor. Good stuff, Dr. Elder.
Jan 29, 2014 rated it liked it
This is an interesting book on trading methodologies. It's strength is actually not on the details of trading but on managing risk and making a plan. It's weakest on how one makes the decisions on which trades to take. He proves general rules but doesn't get into enough details of the technical analysis to actually implement them unless the reader already knows TA or gets another book.

Despite that shortcoming, I found the rest of the book worthwhile and useful. I'll just need to brush up on tec
Sujata Sahni
His book aims to convert a babe in the wood into an intellegent Financial Trader by differentiating between Investing, Trading and Gambling. The three M's of successful trading are Mind : Being disciplined, Method : Technical Analysis and Money Management via position sizing and applying the 2% and 6% rules as safety nets. The book provides effective tools to work as an organized trader via Trading Plan, Trading Spreadsheet, Trading Diary and Action Plan. He also also shared excerpts from his Tr ...more
Jimmy Scharpf
Jul 19, 2010 rated it liked it
Very educational for a novice trader. Note: trader, not investing. Must keep in mind that Mr. Elder is referencing mostly equity trading and longer term time periods as in days or weeks. If you are interested in more day trading education, as I was, his ideas still hold but don't follow his examples verbatim, apply and adjust them to your needs. His insight is very useful, especially his technical expertise.
Jun 11, 2016 rated it it was ok
Shelves: investments
Yet another trading book that spends most of the time discussing the psychology of trading, risk mgt, etc. The world hardly needs another one,not saying that it is not needed for trading, but how many times should one be told.......if a first read ok. Not the best I've read, go read Tharp.
Jul 10, 2015 rated it it was amazing
A definite read, even for understanding mindset with which you should approach trading. Thumbs up!!
Nov 07, 2014 rated it really liked it
Nice book to understand a bit more how the market works
Ahmet Kara
Feb 26, 2016 rated it really liked it
Shelves: top100, nonfiction
Alexander Elder's books have taught me a lot. This title was helpful especially in getting the ABC of trading business.
Apr 12, 2013 rated it really liked it
Shelves: financial
Elder’s second book was quite an enjoyable ‘easy’ read. Not something easily said when it comes to books on Trading. The book is primarily split into 3 parts, Mind, Method & Money Management (and a final section on record keeping), dealing with Trading Psychology, Technical analysis and Management respectively.

What stood out most for me was the Mind & Management parts of the book, really well written and easy to follow, topics that really make you think. I took note of a lot of his ideas
May 30, 2013 rated it really liked it
I first read this book nearly ten years ago when I was trading heavily and still occasionally refer to it. It is an excellent follow up to Trading For a Living and for those interested in short term trading I would recommend both these works. Fortunately, I realized the folly and stress that goes with short term trading and have moved on. For every person who says that they can time the market I now respond, "That's fantastic because Warren Buffet says that's something he can't do. You must be s ...more
Terry Kim
Jan 14, 2017 rated it really liked it
Pretty good book for a beginner to intermediate trader.

The first half of the book is quite basic, although it is described quite well. The author reveals his trading system/strategy with some of the custom indicators and idea behind the strategy (I'm sticking with a different strategy so I've skimmed through these pages).

There were some great wisdom towards the end of the book, such as mindset/habits of a professional trader. Emphasis on record keeping / journaling and consistently improving y
Apr 07, 2009 rated it it was amazing
This has to be the best book that I've read on the subject of trading so far. This is not a book that is going to teach you the technicalities of trading such as patterns and trend indicators. Instead he spends the majority of time discussing the psychology, discipline, money management and risk management of trading.

This is a book that I wouldn't recommend for folks who are brand new to the subject, but definitely a must read for everyone before they actually start putting their money to work
Dec 02, 2012 rated it it was amazing
This is a sequel to his first book, Trading for A Living.

It's an excellent book for those who wish to invest/ trade in the capital market.

His central idea can be summarized into 3 main categories:
(1)mind - trading psychology
(2)method - trading system/ techniques
(3)money management - 2%/6% rule.

I especially like the first part on psychology because the author really pointed out all the flaws in the mind of an amateur trader. While I have my own method for stock trading, I must say the money mana
Alvin Lim
Sep 07, 2012 rated it really liked it
Shelves: trading
The trading bible for the new millenniumIn "Come Into My Trading Room," noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling "Trading for a Living." Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundament...
Barnard Olii
This is the second step of Elder's book. After you read Trading for a living, i think you must read this book. He told about the best way to trade in online trading. Based on psychological, money management and Trading method (Technical & Fundamental analysis).
El Bastardo
Very inspiring
Jul 07, 2009 added it
Pretty much everything you need to know
Jan 26, 2010 rated it it was amazing
Dr. Elder's Master Work!!!!!
Angga Wiranda
rated it it was amazing
Jan 29, 2014
rated it really liked it
Feb 05, 2017
Amar Deep
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Dec 21, 2014
rated it it was ok
Oct 28, 2017
Ayomide Adeware
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Oct 25, 2017
Jaturan Ab
rated it it was ok
Apr 21, 2017
Rodrigo Pena
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Sep 09, 2012
Sanjoy Roy
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Jun 04, 2016
rated it it was amazing
Aug 01, 2012
Daniel B Schwartz
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Jul 24, 2017
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Dr. Alexander Elder is a professional trader based in New York City. He is the author of a dozen books, including Come into My Trading Room (Barron's 2002 Book of the Year) and Trading for a Living, considered modern classics among traders.

Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a S
More about Alexander Elder

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