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

The best-selling trading book of alltime—updated for the new era

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 ingear with today's fast-moving markets, adding new studies andtechniques for the modern trader.

This classic guide teaches a calm and disciplined approach tothe markets. It emphasizes risk management along withself-management and provides clear rules for both. The NewTrading for a Living incudes templates for rating stock picks,creating trade plans, and rating your own readiness to trade. Itprovides the knowledge, perspective, and tools for developing yourown effective trading system.

All charts in this book are new and in full color, with clearcomments on rules and techniques. The clarity of this book'slanguage, its practical illustrations and generous sharing of theessential skills have made it a model for the industry—oftenimitated but never duplicated. Both new and experienced traderswill appreciate its insights and the calm, systematic approach tomodern markets.

The New Trading for a Living will become an even morevaluable resource than the author's previous books:

• Overcome barriers to success and develop strongerdiscipline
• Identify asymmetrical market zones, where rewards are higherand risks lower
• Master money management as you set entries, targets andstops
• Use a record-keeping system that will make you into your ownteacher

Successful trading is based on knowledge, focus, and discipline.The New Trading for a Living will lift your trading to ahigher level by sharing classic wisdom along with modern markettools.