What do you think?
Rate this book
Trend Trading for a Living: Learn the Skills and Gain the Confidence to Trade for a Living
The new edition of a bestseller! “Dr. Stoxx” delivers proven new methods for drawing consistent gains in today’s unpredictable markets
Trend Trading for a Living has put thousands of people on a new career path―trading for a living. Now "Dr. Stoxx" has updated his popular guide for the new world of trading, providing everything you need to know for drawing consistent gains in today's unpredictable markets.
Providing all the foundational content that made the first edition an instant classic, this new volume offers updates of every trading system, along with an all-new fundamentals-based approach and in-depth analyses of historical performance. It also includes a brand-new the Mean Reversion Setup, one of the most exciting and fastest moving of all trading systems.
Dr. Stoxx takes you through all the steps to successful trading, from setting up a multi-monitor trading computer and reading stock charts like a pro to finding, trading, and managing your positions. With Dr. Carr’s book in hand, you’ll have everything you need to succeed in the stock market.
Whether you’re looking to supplement your income or get rich by trading full-time, Trend Trading for a Living delivers the knowledge and insight you need to pick the best opportunities, know when to get in, and, when it comes time to sell, take action with the confidence of a veteran trader.
Trend Trading for a Living has put thousands of people on a new career path―trading for a living. Now "Dr. Stoxx" has updated his popular guide for the new world of trading, providing everything you need to know for drawing consistent gains in today's unpredictable markets.
Providing all the foundational content that made the first edition an instant classic, this new volume offers updates of every trading system, along with an all-new fundamentals-based approach and in-depth analyses of historical performance. It also includes a brand-new the Mean Reversion Setup, one of the most exciting and fastest moving of all trading systems.
Dr. Stoxx takes you through all the steps to successful trading, from setting up a multi-monitor trading computer and reading stock charts like a pro to finding, trading, and managing your positions. With Dr. Carr’s book in hand, you’ll have everything you need to succeed in the stock market.
Whether you’re looking to supplement your income or get rich by trading full-time, Trend Trading for a Living delivers the knowledge and insight you need to pick the best opportunities, know when to get in, and, when it comes time to sell, take action with the confidence of a veteran trader.
- GenresFinance
368 pages, Hardcover
First published December 6, 2007
51 people are currently reading
124 people want to read
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 5 of 5 reviews
February 25, 2022
This was a surprisingly pleasant read about financial markets. The author is a self-proclaimed student of Darvas, Dr. Elder, Douglas, Tharp and is a proud trend follower. He is also a very passionate student of the market. It was quite obvious at the start where he turned this passion of his into a profession.
The first part of the book he talked about his trading philosophies as well as some of his axioms about trading. He then talked about some of his methods of trading as well as the basics of trend following. Also, he detailed some of the setups that he adopts both the long and the short side. Strangely, he writes a chapter about options in this book, which was not something I was expecting but it was a quick and fun read nonetheless. The way he writes was rather straight-forward and easy to understand. I have not dabbled into options yet but it was interesting reading some of the As and Bs as written here. The closing chapter about Trading for a Living nicely summed up the book.
According to the author, the successful trader must possess the following traits:
• Self-discipline
• The ability to take responsibility
• A positive attitude toward success
• A keen understanding of risk
• The ability to maintain an open mind
He also have post-it notes of the following axioms in pitchy, bold, all-caps on his monitor:
• Trade only your own picks!
• Never average down!
• Let winners run!
• Cut losses short!
• No impulse buys or sells!
Additionally, his own list of trading values are:
• Your trading systems are sound and profitable.
• You are in control of our impulses.
• Trade with integrity at all times.
• Trade responsibly for your family’s financial future.
• Trading is only a means to an end.
• Profits come with the system, not with hunches.
In conclusion, the book is very readable even for non market participants. He even referenced in the closing chapter about the "Bigger Vision" of trading for a living to spouses or significant others of traders for a better understanding. Certain chapters are less useful than others but overall this is a solid quick read. Recommended for all traders out there. 3.5/5 rounding up.
The first part of the book he talked about his trading philosophies as well as some of his axioms about trading. He then talked about some of his methods of trading as well as the basics of trend following. Also, he detailed some of the setups that he adopts both the long and the short side. Strangely, he writes a chapter about options in this book, which was not something I was expecting but it was a quick and fun read nonetheless. The way he writes was rather straight-forward and easy to understand. I have not dabbled into options yet but it was interesting reading some of the As and Bs as written here. The closing chapter about Trading for a Living nicely summed up the book.
According to the author, the successful trader must possess the following traits:
• Self-discipline
• The ability to take responsibility
• A positive attitude toward success
• A keen understanding of risk
• The ability to maintain an open mind
He also have post-it notes of the following axioms in pitchy, bold, all-caps on his monitor:
• Trade only your own picks!
• Never average down!
• Let winners run!
• Cut losses short!
• No impulse buys or sells!
Additionally, his own list of trading values are:
• Your trading systems are sound and profitable.
• You are in control of our impulses.
• Trade with integrity at all times.
• Trade responsibly for your family’s financial future.
• Trading is only a means to an end.
• Profits come with the system, not with hunches.
In conclusion, the book is very readable even for non market participants. He even referenced in the closing chapter about the "Bigger Vision" of trading for a living to spouses or significant others of traders for a better understanding. Certain chapters are less useful than others but overall this is a solid quick read. Recommended for all traders out there. 3.5/5 rounding up.
October 18, 2022
An interesting read, one would benefit more if you’re familiar with technical analysis.
The author presented a series of possible trades for various market conditions.
It wasn’t easy to follow and will require full attention to the details mentioned.
Would still recommend a read to get a flavour of what to do in various market conditions.
The author presented a series of possible trades for various market conditions.
It wasn’t easy to follow and will require full attention to the details mentioned.
Would still recommend a read to get a flavour of what to do in various market conditions.
May 3, 2021
An excellent read that provides an introduce to trend trading. Dr. Carr outlines his strategies and system in a clear and concise manner. I am hoping to implement this in my own trading life, and see what the results are like.
February 21, 2021
I read 2nd edition of this book. There are too many good ideas for stock selection process, and timing of entry. Liked it a lot. It is definitely a must read book for traders.
Displaying 1 - 5 of 5 reviews