Can I learn swing Trading from the book "Trading for a living" by Dr. Alexander Elder?

M

mkay0000

I want to start reading "Trading for a living" by Dr. Alexander Elder, but before that, I want to know is it only for Day trading or can we use it to gain knowledge about swing trading too?

And one more thing which other Swing Trading books will you recommend a beginner?
 
I know of no trade room that uses swing trading based on Elder. I have a master list of 2044 futures trade rooms and none use Elder.
 
mkay0000 said:
I want to start reading "Trading for a living" by Dr. Alexander Elder, but before that, I want to know is it only for Day trading or can we use it to gain knowledge about swing trading too?

And one more thing which other Swing Trading books will you recommend a beginner?
More...
It is not even great for day trading. Most trading books would not tell you when precisely to enter a trade.


If you read the postings in this or other forums, lots of traders don't know when precisely to enter a trade


I had burned and destroyed quite a few of my trading books
 
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mkay0000 said:
I want to start reading "Trading for a living" by Dr. Alexander Elder, but before that, I want to know is it only for Day trading or can we use it to gain knowledge about swing trading too?

And one more thing which other Swing Trading books will you recommend a beginner?
More...
Read Part 1 and Part 2 on Trading Psychology for sure. I reread that section once in a while. Also Part 9 on Risk Management is a good read. The rest are not that different from hundreds of other trading books, i.e., won't work for most of us.
 
ironchef said:
Read Part 1 and Part 2 on Trading Psychology for sure. I reread that section once in a while. Also Part 9 on Risk Management is a good read. The rest are not that different from hundreds of other trading books, i.e., won't work for most of us.
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ok Thank u
 
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