V. 11:13 (528-528): Quick-Scans: THE ELEMENTS OF SUCCESSFUL TRADING

V. 11:13 (528-528): Quick-Scans: THE ELEMENTS OF SUCCESSFUL TRADING
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Product Description

QUICK-SCANS

THE ELEMENTS OF SUCCESSFUL TRADING

Simon & Schuster Professional Publishing New York Institute of Finance

2 Broadway

New York, NY 10004

212-344-2900

Author: Robert P. Rotella

Price: $29.95

1992,670 pages

Writing an introductory book on trading or perhaps a good survey is a task that would certainly daunt me these days. Many good books are available out there, and the subject area has expanded exponentially in the last four years. Undaunted, Robert Rotella has taken a swing at it and done a pretty good job.

Trading, opines Rotella, is an interactive process composed of three elements: trading method, money management and trading psychology. While most novices and even some veterans focus on trading method, in 670 pages Rotella justifiably hits all three topics, though trading method still gets 60% of the book . Even 389 pages cannot do more than whet the reader's appetite, but at least the reader will run across virtually everything that's used in the public domain of trading. That done, he's free to peruse the references listed in the bibliography in the back of The Elements of Successful Trading.

Despite this emphasis, let me focus on the latter two sections. Robert Rotella, an apt man with a quote, leads off with:

If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties.

-Francis Bacon, The Advancement of Learning




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