{"id":4512,"date":"2020-02-14T14:29:09","date_gmt":"2020-02-14T14:29:09","guid":{"rendered":"http:\/\/joapen.com\/blog\/?p=4512"},"modified":"2020-02-14T14:29:09","modified_gmt":"2020-02-14T14:29:09","slug":"the-new-trading-for-a-living","status":"publish","type":"post","link":"https:\/\/joapen.com\/blog\/2020\/02\/14\/the-new-trading-for-a-living\/","title":{"rendered":"The New Trading For a Living"},"content":{"rendered":"<p>This book written by <a href=\"https:\/\/www.elder.com\/\">Alexander Elder<\/a> is a fantastic way to start learning trading.<\/p>\n<p>I learn a lot from <a href=\"http:\/\/joapen.com\/blog\/2019\/11\/07\/systematic-trading-by-robert-carver\/\">Systematic Trading<\/a> about how to be systematic and how to manage your portfolio. But with this book I learn the different types of trading, how to focus on the behavior, how to build your own habits on specific papers, the importance of include the checklist on a daily basis, etc&#8230;<\/p>\n<h1>Don&#8217;t do it!!<\/h1>\n<p>Alexander is about 40 pages of the book persuading you to do not try it, he explains the different reasons trading is a risky and complex activity to be performed consistently along the time.<\/p>\n<h1><a href=\"http:\/\/joapen.com\/blog\/2020\/02\/14\/the-new-trading-for-a-living\/thenewtradingforaliving\/\" rel=\"attachment wp-att-4513\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4513\" src=\"http:\/\/joapen.com\/blog\/wp-content\/uploads\/2020\/02\/thenewtradingforaliving.png\" alt=\"\" width=\"173\" height=\"252\" \/><\/a>Risk management<\/h1>\n<ul>\n<li>rule of 2% for the maximum operations exposed by month.<\/li>\n<li>Use risk exposure to handle your trades. The concept of &#8220;buying risk exposure&#8221; when you want to open more trades and you cannot do it.<\/li>\n<li>rule of 6% for the maximum exposure of risk of your portfolio.<\/li>\n<li>Understand how to adapt the use of slots and margins with respect the obtained results.<\/li>\n<\/ul>\n<p>Classification of activities you have to do, how to engage general topics on your daily habits, how to socialize the trading with other people and learn from the previous data.<\/p>\n<h1>I pretend to be a Swing Trader<\/h1>\n<p>I learned reading the book that what I do is Swing Trading. My current scenarios are trades that can take hours, days or weeks, so now I know I want to become a swing trader.<\/p>\n<p>This has enabled me to focus on how to organize the portfolio, how to divide the efforts on analysis, focus on specific tactics and measure the real results I obtain.<\/p>\n<p>I have removed a lot of noise and wrong behaviors that did not help me on my duties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This book written by Alexander Elder is a fantastic way to start learning trading. I learn a lot from Systematic Trading about how to be systematic and how to manage your portfolio. But with this book I learn the different types of trading, how to focus on the behavior, how to build your own habits &#8230; <a title=\"The New Trading For a Living\" class=\"read-more\" href=\"https:\/\/joapen.com\/blog\/2020\/02\/14\/the-new-trading-for-a-living\/\" aria-label=\"Read more about The New Trading For a Living\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-4512","post","type-post","status-publish","format-standard","hentry","category-book"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The New Trading For a Living -<\/title>\n<meta name=\"description\" content=\"This book written by Alexander Elder is a fantastic way to start learning trading. I learn a lot from Systematic Trading about how to be systematic and - joapen projects\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/joapen.com\/blog\/2020\/02\/14\/the-new-trading-for-a-living\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New Trading For a Living -\" \/>\n<meta property=\"og:description\" content=\"This book written by Alexander Elder is a fantastic way to start learning trading. I learn a lot from Systematic Trading about how to be systematic and - joapen projects\" \/>\n<meta property=\"og:url\" content=\"https:\/\/joapen.com\/blog\/2020\/02\/14\/the-new-trading-for-a-living\/\" \/>\n<meta property=\"og:site_name\" content=\"joapen projects\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-14T14:29:09+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/joapen.com\/blog\/wp-content\/uploads\/2020\/02\/thenewtradingforaliving.png\" \/>\n<meta name=\"author\" content=\"joapen\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"joapen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/\"},\"author\":{\"name\":\"joapen\",\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/#\\\/schema\\\/person\\\/23919df2312175fe9c4609203595b217\"},\"headline\":\"The New Trading For a Living\",\"datePublished\":\"2020-02-14T14:29:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/\"},\"wordCount\":294,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/#\\\/schema\\\/person\\\/23919df2312175fe9c4609203595b217\"},\"image\":{\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/joapen.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/thenewtradingforaliving.png\",\"articleSection\":[\"book\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/\",\"url\":\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/\",\"name\":\"The New Trading For a Living -\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/joapen.com\\\/blog\\\/2020\\\/02\\\/14\\\/the-new-trading-for-a-living\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/joapen.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/thenewtradingforaliving.png\",\"datePublished\":\"2020-02-14T14:29:09+00:00\",\"description\":\"This book written by Alexander Elder is a fantastic way to start learning trading. 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