TOOLS, TRADING

Dr. Alexander Elder

Trader and Author,

The New Trading for a Living

  • Author of the World Best-Seller: The New Trading for a Living
  • Barron’s Book of the Year Award Winner
  • Featured in the book The KGB Wanted List

About Dr. Alexander

Alexander Elder, MD, is a professional trader and a teacher of traders. His books, including The New Trading for a Living translated into 16 languages, are international bestsellers among private and institutional traders. Dr. Elder was trained as a psychiatrist and served on the faculty of Columbia University. Now he is a full-time trader but helps run SpikeTrade.com, a club whose members compete for the best trade of the week.

Dr. Alexander's Articles

Successful traders not only understand their own psychology, but also the psychology driving the markets, explains Dr. Alexander Elder, imparting advice for getting a handle on both.
Being able to short the market is valuable dimension in any trader's arsenal, and Dr. Alexander Elder discusses some of the most common mistakes that short sellers need to avoid.
Traders tend to focus on finding one or a number of indicators to use in their trading, but Dr. Alexander Elder explains that choosing a proper time frame—not some “magic” indicator—is the most important first step.
For veteran traders, the name Dr. Alexander Elder is likely a familiar one. His first book, Trading for a Living has become one of the must-reads for someone who is considering trading, and many of his subsequent books have been similarly well received. I first met Alex at the 1983 TAG conference, and our paths have crossed many times since then.

Dr. Alexander's Videos

Many market surprises can be avoided if you know where to look for warnings. If you see a sign Landmines on the side of the road, you're not going to walk into that field. Similar signs are posted along some of the market roads. Inexperienced and undisciplined traders who ignore those signs can get lucky for a while—but eventually walk into a real explosion. In this presentation Dr. Elder will show you where to find such signs and explain how to react them as you plan your path forward.
What you see on the surface is often deceptive—In trading, as well as in life. A trend may appear strong, while below the surface it may be weak and ready to reverse. This class will teach you to use indicators for measuring the internal power of trends. You'll find bullish divergences near market bottoms and bearish divergences near market tops. They signal when the trend is suspect: it is better to exit, take profits, and even consider switching from long to short or vice versa. Dr. Alexander Elder will illustrate his talk with examples from his own Trade Journal.
The New High - New Low Index is probably the best leading indicator of the stock market. The new highs are the leaders of strength, while the new lows are the leaders of weakness. Their interplay in various timeframes provides important clues to the market's future direction. Dr. Alexander Elder will illustrate their behavior at recent turning points as well as their current outlook for the future.
Day trading is a highly demanding activity —it requires instant decision-making and ice-cold discipline. Paradoxically, it tends to attract impulsive and unprepared traders. Current high volatility offers opportunities for knowledgeable day traders. Dr Elder will review some of the key rules and share examples from his own visual trading diary.


Dr. Alexander's Books

Dr. Alexander Elder

The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management

The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader.
Dr. Alexander Elder

Study Guide for The New Trading for a Living

You may read the best trading book, but how much of that knowledge will you retain a week later? This is why you need this Study Guide for The New Trading for a Living. It'll give you a firmer grasp of the essential trading rules and skills. This Study Guide, based on the bestselling trading book of all time, was created by its author to help you master the key points of his classic book.
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