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My guest today is Alexander Elder. He has written some of the most popular trading books of the last 30 years. He grew up in Estonia among a successful family of doctors. Alexander followed in his family’s footsteps, becoming a doctor and making his way on a cargo ship. He ran from his ship to a U.S. Embassy, escaping from his country. His decision to jump ship was literally the best decision of his life. He is author of Trading for a Living, considered a modern classic among traders, an international best-seller, translated into 16 languages, and recently newly revised and released under the title, The New Trading for a Living.
The topic is his book The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management (Wiley Trading).
In this episode of Trend Following Radio we discuss:
- Robustness
- Persistence
- Importance of record keeping
- Systems trading
- Skiing and yoga – staying in the moment of now
“The best buying opportunities occur at the point of maximum danger.” – Alexander Elder
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