Dr. Elder

[soler]

guys,

has anyone recently read trading for a living?

I need to confirm if Dr. Elder talks about 4 types of trades;
1. small win
2. small loss
3. big win
4. big loss

stating that as long as we can control the big loss you'll be successful in trading....1 & 2 cxl each other out....#3 builds accounts.

 

[prox]

I have the book, but don't understand the question.

What's so strange with small wins and small losses ?


Small wins is typical of someone who moves to breakeven.

 

[marketsurfer]

Quote from soler:

guys,

has anyone recently read trading for a living?

I need to confirm if Dr. Elder talks about 4 types of trades;
1. small win
2. small loss
3. big win
4. big loss

stating that as long as we can control the big loss you'll be successful in trading....1 & 2 cxl each other out....#3 builds accounts.

yes

best,

surfer

 

[tfmoney]

nope

 

[ThatManFromTx]

I recently read his second book, "Welcome to my Trading Room"... which basically said.... thanks for buying my first book.

 

[wally_]

Quote from prox:

I have the book, but don't understand the question.

What's so strange with small wins and small losses ?


Small wins is typical of someone who moves to breakeven.

Nothing, they just happen...

 

[wally_]

He is a good guy.

The book is good too, I guess he is now more of an educator rather than a trader.