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Step Two Trading: 9 Trading Methods
Every single trade must be based on a clearly spelled out method or system. A trade without a plan is like a ship without a rudder.
This book will teach you how to build and implement a solid trading system – by showing you nine methods used by serious traders.
Three systems come from Dr Elder. He uses them in his own trading, and each is illustrated with examples from his own Trade Journal. The other six come from elite-level Members of SpikeTrade group, and are illustrated by their own trades.
This book opens a window into real-life trading by serious competitive traders. Its unique feature is that all of its indicators and tools are available to you at Stockcharts.com. If you are a a paid-up member of StockCharts, they’ll give this book to you. If you have different software, you can still use this book because its concepts are universal.
TABLE OF CONTENTS
Introduction
PART ONE: Every Trade Deserves a Name
False Breakout with a Divergence (Elder)
Pullback to Value (Elder)
Fading an Extreme (Elder)
PART TWO: Winning Gold with StockCharts
Buying Low Volatility (Rich N)
Playing support and resistance (Rich N)
Catching a Quick Bounce (Ken B)
Managing the News (Ken B)
A “Return to Value” Play (Ernie V.)
ATR Channel Analysis (Ernie V.)
Conclusion
About the Author
Sources & Resources
This book will teach you how to build and implement a solid trading system – by showing you nine methods used by serious traders.
Three systems come from Dr Elder. He uses them in his own trading, and each is illustrated with examples from his own Trade Journal. The other six come from elite-level Members of SpikeTrade group, and are illustrated by their own trades.
This book opens a window into real-life trading by serious competitive traders. Its unique feature is that all of its indicators and tools are available to you at Stockcharts.com. If you are a a paid-up member of StockCharts, they’ll give this book to you. If you have different software, you can still use this book because its concepts are universal.
TABLE OF CONTENTS
Introduction
PART ONE: Every Trade Deserves a Name
False Breakout with a Divergence (Elder)
Pullback to Value (Elder)
Fading an Extreme (Elder)
PART TWO: Winning Gold with StockCharts
Buying Low Volatility (Rich N)
Playing support and resistance (Rich N)
Catching a Quick Bounce (Ken B)
Managing the News (Ken B)
A “Return to Value” Play (Ernie V.)
ATR Channel Analysis (Ernie V.)
Conclusion
About the Author
Sources & Resources
53 pages, Kindle Edition
Published January 7, 2018
9 people are currently reading
20 people want to read
About the author
Alexander Elder
64 books218 followersDr. Alexander Elder is a professional trader based in New York City. He is the author of a dozen books, including Come into My Trading Room (Barron's 2002 Book of the Year) and Trading for a Living, considered modern classics among traders.
Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading. Dr. Elder's books, articles, and software reviews have established him as one of today's leading experts on trading
Dr. Elder is the originator of Traders' Camps week-long classes for traders, as well as the Spike group for traders. He continues to trade and is a sought-after speaker at conferences in the US and abroad.
Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading. Dr. Elder's books, articles, and software reviews have established him as one of today's leading experts on trading
Dr. Elder is the originator of Traders' Camps week-long classes for traders, as well as the Spike group for traders. He continues to trade and is a sought-after speaker at conferences in the US and abroad.
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Displaying 1 of 1 review
September 10, 2021
Nice book but not for beginners
I am fan of Dr. Alexander Elder and follow his strategies a lot. Infact almost all my knowledge on trading belongs to his books only. I have read both editions of "Trading for a living", "Come into my trading room" and a sufficient portion of his book "Entries and Exit: Visit to 16 trading rooms".
Present book is also nice one and can be used as a ready reference for strategies to a person/ trader who has at least basic knowledge. Otherwise reader will not be able to take full advantage of this book.
I will recommend beginners to refer other books of this author which I mentioned earlier before reading this book.
I am fan of Dr. Alexander Elder and follow his strategies a lot. Infact almost all my knowledge on trading belongs to his books only. I have read both editions of "Trading for a living", "Come into my trading room" and a sufficient portion of his book "Entries and Exit: Visit to 16 trading rooms".
Present book is also nice one and can be used as a ready reference for strategies to a person/ trader who has at least basic knowledge. Otherwise reader will not be able to take full advantage of this book.
I will recommend beginners to refer other books of this author which I mentioned earlier before reading this book.
Displaying 1 of 1 review