Entries and Exits: Visits to Sixteen Trading Rooms / Edition 1

by Alexander Elder

Overview

Come behind closed doors and see real trades made by real traders.

Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves; some trade for a living, others are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading—psychology, tactics, risk control, record keeping, and the decision-making process.

The companion Study Guide is filled with striking insights and practical advice allowing you to test your knowledge and reinforce the principles outlined in Entries & Exits.

Product Details

ISBN-13:	9780471678052
Publisher:	Wiley
Publication date:	05/01/2006
Series:	Wiley Trading , #228
Pages:	352
Product dimensions:	8.20(w) x 10.10(h) x 1.00(d)

About the Author

DR. ALEXANDER ELDER is a professional trader, a teacher of traders, and a practicing psychiatrist. He is the founder of elder.com, an educational firm for traders worldwide. Dr. Elder is the author of two international bestsellers, Trading for a Living and Come Into My Trading Room (and their companion study guides), both published by Wiley. He is an avid traveler, as chronicled in his book Straying from the Flock: Travels in New Zealand (Wiley).

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Table of Contents

Introduction 3

Chapter 1 A Logical Way of Looking at Things 12
Sherri Haskell

Chapter 2 My Computer Can Do the Trading for Me 30
Fred Schutzman

Chapter 3 Simple Charts, Clear and Uncluttered 48
Andrea Perolo

Chapter 4 The Discipline of Loss Control 66
Sohail Rabbani

Chapter 5 Developing a Consistent Approach 84
Ray Testa Jr.

Chapter 6 McMahon A Successful Engineer Has a Disadvantage 100
James (Mike)

Chapter 7 Looking for Favorable Probabilities 118
Gerald Appel

Chapter 8 To Keep Repeating What I Did Right 136
Michael Brenke

Chapter 9 A Squeeze Play 158
Kerry Lovvorn

Chapter 10 Dancing Like Fred Astaire, Only Going Backwards and in High Heels 176
Dr. Diane Buffalin

Chapter 11 Price-Volume Behavior Is Steeped in Reality 192
David Weis

Chapter 12 The Bigger the Foundation, the Taller the Building 208
William Doane

Chapter 13 We Analyze People Who Analyze Markets 224
Peter Tatarnikov

Chapter 14 Technical Signals in the Fundamental Context 240
Damir Makhmudov

Chapter 15 Effective Volume 258
Pascal Willain

Chapter 16 Do It Right the Next Time Around 276
Martin Knapp

Conclusion Your Trading Room 307

Bibliography 319

Reading Lists 321

Acknowledgments 329

About the Author 331

Index 333