Alexander Elder
- Thread starter torontoman
- Start date
My 2cents:
1. Elder is NOT a trader. He is a traders' COACH / vendor.
2. His first book "Trading for a living" was a big success (catchy title especially if you consider the timing, as everyone in the US dreamed to "make it big" in stocks in the late 1990s bullmarket). It was an OK beginner's book, to Elder's credit. Anyway, due to that book -still selling strong nowadays-, he became "famous". But his income from royalties of that book minimal.
3. So, trying to capitalise his "fame", he has been organising week-long "trading camps", typically in tropical paradise islands, to teach people about trading, with emphasis in "psychology". The rest of the time is spent on water-sports
I would say that Elder should be compared to Van Tharp.
Although the latter one was "luckier" in the sense that he was interviewed in Schwager's Market Wizards and became much more "famous". And also Tharp had contact with some "real" traders of his time, so his concepts are more useful (mostly CTAs, so it depends on your trading style).
But neither Elder nor Tharp are traders.
Finally, I found Elder's comments to Guy Ellis disturbing and his insults and arrogance annoying. My opinion of him has switched from "neutral" (of a not-too-much crooked vendor salesman, but I respected him as I would respect any self-made man) to "negative".
The world is full of idiots who are full of themselves and Elder now belongs in that category, as far as I am concerned.
1. Elder is NOT a trader. He is a traders' COACH / vendor.
2. His first book "Trading for a living" was a big success (catchy title especially if you consider the timing, as everyone in the US dreamed to "make it big" in stocks in the late 1990s bullmarket). It was an OK beginner's book, to Elder's credit. Anyway, due to that book -still selling strong nowadays-, he became "famous". But his income from royalties of that book minimal.
3. So, trying to capitalise his "fame", he has been organising week-long "trading camps", typically in tropical paradise islands, to teach people about trading, with emphasis in "psychology". The rest of the time is spent on water-sports
I would say that Elder should be compared to Van Tharp.
Although the latter one was "luckier" in the sense that he was interviewed in Schwager's Market Wizards and became much more "famous". And also Tharp had contact with some "real" traders of his time, so his concepts are more useful (mostly CTAs, so it depends on your trading style).
But neither Elder nor Tharp are traders.
Finally, I found Elder's comments to Guy Ellis disturbing and his insults and arrogance annoying. My opinion of him has switched from "neutral" (of a not-too-much crooked vendor salesman, but I respected him as I would respect any self-made man) to "negative".
The world is full of idiots who are full of themselves and Elder now belongs in that category, as far as I am concerned.
you can subscribe to his free newsletter on his website. i am subscribed for about 2 years already.
in his newsletter, he promotes himself to no end and delivers absolutely ZERO content. from time to time he makes a prediction which, as long as i followed, was always wrong. i stopped actually reading his predictions a while ago though.
lately he came out with a new book, which he promotes eagerly in his newsletter - a book about his travels to new zealand.
his promotion is something along the line of: "look how a successful trader lives his free time - buy the book about my trip to new zealand."
mesmerising!!
in his newsletter, he promotes himself to no end and delivers absolutely ZERO content. from time to time he makes a prediction which, as long as i followed, was always wrong. i stopped actually reading his predictions a while ago though.
lately he came out with a new book, which he promotes eagerly in his newsletter - a book about his travels to new zealand.
his promotion is something along the line of: "look how a successful trader lives his free time - buy the book about my trip to new zealand."
mesmerising!!
(originally posted on Yahoo groups CIMTR group)
Hey everybody:
I spent much of Labor day watching the three recorded free "webinars" that Dr. Elder did for two futures marketiers, the CBOT and a private trading firm. Although I've read the book "Come into my Trading Room" about 4 times over the last year, when I first saw these a few months back they helped me see how he uses the indicators in actual trading and analyzing.
It was much better than stale hot dog buns at a bug-infested cookout.
Since I haven't seen the links posted here in the room for a while, I thought I'd post them again for the new people, or those who never found them.
This first one, recorded in 2004, is the first one he did (as far as I could tell) and suffered a little from technical glitches, though it's still got great info. His is about the 16th webinar down the list on the 2004 page. Here's that link:
http://www.cbot.com/cbot/pub/page/archived_list/0,3217,1058+2004,00.html
The second pair are at (what's now called) Refco (formerly Lind-Waldock) and are much better technically, and Dr. Elder seems much more relaxed and is really "on". You have to register at Lind-Waldock (or Refco) to see them, but other than a phone call from a rep, they don't pester you too much. Here's the link (scroll down about 2/3rds of the page to Part one):
http://www.lind-Waldock.com/CommodityTradingSeminar_ev_archive.shtml
I hope you enjoy these as much as I did.
Ed
Boise, Idaho
Hey everybody:
I spent much of Labor day watching the three recorded free "webinars" that Dr. Elder did for two futures marketiers, the CBOT and a private trading firm. Although I've read the book "Come into my Trading Room" about 4 times over the last year, when I first saw these a few months back they helped me see how he uses the indicators in actual trading and analyzing.
It was much better than stale hot dog buns at a bug-infested cookout.
Since I haven't seen the links posted here in the room for a while, I thought I'd post them again for the new people, or those who never found them.
This first one, recorded in 2004, is the first one he did (as far as I could tell) and suffered a little from technical glitches, though it's still got great info. His is about the 16th webinar down the list on the 2004 page. Here's that link:
http://www.cbot.com/cbot/pub/page/archived_list/0,3217,1058+2004,00.html
The second pair are at (what's now called) Refco (formerly Lind-Waldock) and are much better technically, and Dr. Elder seems much more relaxed and is really "on". You have to register at Lind-Waldock (or Refco) to see them, but other than a phone call from a rep, they don't pester you too much. Here's the link (scroll down about 2/3rds of the page to Part one):
http://www.lind-Waldock.com/CommodityTradingSeminar_ev_archive.shtml
I hope you enjoy these as much as I did.
Ed
Boise, Idaho
If you had created your own indicators and published them in a book and your last name was Elder and your indicators are widely known as "Elder's indicators", would you appreciate someone coming around and coding them for some platform and selling them under the name "Elder's indicators"? I think the indicators are intellectual property of Mr. Elder and fall under copyright protection, and noone else has the right to make money by selling them without Mr. Elder's consent. For example CQG pays TomDeMark a lot of money to include his indicators into their package. In my opinion, what guy2 attempted to do is both immoral and illegal. But I'm not a lawyer
Quote from monetoz:
If you had created your own indicators and published them in a book and your last name was Elder and your indicators are widely known as "Elder's indicators", would you appreciate someone coming around and coding them for some platform and selling them under the name "Elder's indicators"? I think the indicators are intellectual property of Mr. Elder and fall under copyright protection, and noone else has the right to make money by selling them without Mr. Elder's consent. For example CQG pays TomDeMark a lot of money to include his indicators into their package. In my opinion, what guy2 attempted to do is both immoral and illegal. But I'm not a lawyer
I think that you have misunderstood a lot. If you reread his book and the emails you will see that Alexander has no objection to people coding (and making available) the indicators for any trading platform.
He wrote an excellent book titled "High Probability Trading". Its very comprehensive, similar to ones from Elder and Tharp.
In the book and on the cover, it says: "Mr. Link can be reached for questions or comments at marcel@linkfutures.com.
Questions to his email go unanswered and www.linkfutures.com seem to be just 2 pages.
Has anyone been able to contact him?
He lives in NYC and mentions working at a trading firm. Any idea which one?
Thanks,
Brooks
In the book and on the cover, it says: "Mr. Link can be reached for questions or comments at marcel@linkfutures.com.
Questions to his email go unanswered and www.linkfutures.com seem to be just 2 pages.
Has anyone been able to contact him?
He lives in NYC and mentions working at a trading firm. Any idea which one?
Thanks,
Brooks
Maybe you can find him here.... apparently he does well for himself renting out his Hamptons House:
http://www.marcelshouse.com/
his email: marcel_link@yahoo.com
http://www.marcelshouse.com/
his email: marcel_link@yahoo.com