Subscribe now and watch my free trend following VIDEO.

Ep. 57: Dr. Alexander Elder Interview with Michael Covel on Trend Following Radio

Dr. Alexander Elder
Dr. Alexander Elder

Alexander Elder is on the podcast:

My guest today is Dr. Alexander Elder, a trader, educator and author. Dr. Elder’s unique and inspiring story starts with his dissatisfaction with the system in his home country of Estonia. At 23, while working as a ship’s doctor, he jumped a Soviet Union ship in Africa and received political asylum in the United States; he also ended up on the KGB’s wanted list. Dr. Elder worked as a psychiatrist in New York City and taught at Columbia University.

The topic is his book Trading for a Living: Psychology, Trading Tactics, Money Management.

In this episode of Trend Following Radio we discuss:

  • Experience as a psychiatrist provided him with a unique insight into trading
  • Psychology of trading
  • How a high degree of education can sometimes be a hindrance
  • The most dangerous personality traits to have as a trader
  • The stages of trader development
  • The importance of money management
  • The importance of keeping records and diaries of your trades
  • The notion of exiting long positins and shorting weakness
  • The similarities and differences between traders in different geographic locations
  • How financial markets can be like manic depressive patients

Listen to this episode:

Jump in!

Learn to be a trend following trader.
Sign up free today.