Book Review: Trading for a Living by Alexander Elder
Introduction Alexander Elder’s Trading for a Living remains one of the most widely recommended texts in the trading literature, and for good reason. Published in 1993, the book was among the first to argue convincingly that trading success depends not on finding the perfect indicator, but on mastering three interdependent pillars: psychology, method, and money management. Elder, a psychiatrist by training, brings a clinical lens to the emotional pathologies that destroy traders, and the result is a framework that is as much about self-knowledge as it is about markets. ...