RE: [CANSLIM] Alexander Elder's Book

From: "Williams, Bob" <robert.c.williams@eds.com>
Subject: RE: [CANSLIM] Alexander Elder's Book
Date: Wed, 19 Dec 2001 09:49:19 -0500

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This is helpful, actually.  And yes, Elder's background apparently *is* in
psychology.

I'm currently reading HTMMIS for the first time (and it looks like
subsequent readings will be required), but I plan to get Elder's book.  I'm
brand spankin' new to trading, and it looks like I'm going to have to get a
lot smarter to be good at it.

Bob Williams	
The World's Most Modest Man
Nominal Leader of The Wooden Nickel Jass Band
http://wnjb.com


> -----Original Message-----
> From: Cefaloni, John L Jr. [AMSTA-AR-WEA]
> [mailto:cefaloni@pica.army.mil]
> Sent: Wednesday, December 19, 2001 4:51 AM
> To: 'canslim@lists.xmission.com'
> Subject: RE: [CANSLIM] Alexander Elder's Book
> 
> 
> I read it, though with a memory like swiss cheese, most of it 
> has seeped out
> of my mind since then.  As I recall, the book distinctly covers two
> subjects: the psychology of trading and losing and winning, etc. and
> detailed explanations of many technical indicators.  Both topics are
> explored well and are very interesting, though to be honest, I think I
> bailed out of reading about the last few indicators.  It 
> became a little
> tiresome reading such technical detail, but it's a great 
> reference to have
> on the bookshelf anyway.
> 
> Since one of the first "trading" book I read was HTMMIS, I 
> have tried to put
> every subsequent book I've read into that context.  I try to make the
> information fit into WON's framework of how the market works. 
>  This book,
> IMO, is complimentary to HTMMIS in some ways, though Elder's timing
> techniques may have you setting different buy and sell points 
> than WON.
> 
> Anyway, the "psychology of trading" stuff alone makes the 
> book worthwhile.
> (Isn't Elder's background in psychology?)    
> 
> Wish I could remember more.  If I had the book in front of 
> me, I'd give a
> more accurate review, but I hope this helps a little.
> 
> John C.
> 
> -----Original Message-----
> From: Williams, Bob [mailto:robert.c.williams@eds.com]
> Sent: Tuesday, December 18, 2001 3:31 PM
> To: CANSLIM List
> Subject: [CANSLIM] Alexander Elder's Book
> 
> 
> A friend is recommending Alexander Elder's book "Trading for 
> a Living."
> Have any of you smarter guys read it?  Do you have any 
> opinions about it?
> 
> Is this an inappropriate question?
> 
> Bob Williams	
> The World's Most Modest Man
> Nominal Leader of The Wooden Nickel Jass Band
> http://wnjb.com
> 
> 
> 
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