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Refresh and try again. Open Preview See a Problem? Details if other :. Thanks for telling us about the problem. Return to Book Page. Preview — Entries and Exits by Alexander Elder. Come behind closed doors and see real trades made by real traders. 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 trad Come behind closed doors and see real trades made by real traders. 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. 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. Get A Copy. Hardcover , pages. Published March 1st by Wiley first published January 1st More Details Original Title. Other Editions 7. Friend Reviews. To see what your friends thought of this book, please sign up.
To ask other readers questions about Entries and Exits , please sign up. Lists with This Book. Community Reviews. Showing Average rating 3. Rating details. More filters. Sort order. Oct 13, Hasdrubal Barca rated it really liked it.
Having already stated in my review of the book that Trading for a Living changed my life and it most certainly did, I am obviously a fan of Dr. Elder and as such will be steadfastly determined to keep this review from falling victim to hyperbole. Entries and Exits: Visits to Sixteen Trading Rooms is an important and essential addition to any trading library.
A novice trader or one of intermediate experience will find almost endless wisdom to be mined here, but there are also many, many gems fo Having already stated in my review of the book that Trading for a Living changed my life and it most certainly did, I am obviously a fan of Dr.
A novice trader or one of intermediate experience will find almost endless wisdom to be mined here, but there are also many, many gems for seasoned pros. Imagine being able to sit for hours with 16 traders and pick through in detail their philosophy of trading, their most commons errors, the wisdom they have learned from years of markets--bull markets, bear markets, consolidations, doldrums--and being able to view their trading logs and actually re-trade with them their winners and losers.
These traders are both full and part-timers. They trade a variety of markets from futures, stocks, currencies, options, ETFs, mutual funds, and commodities. As a trader of currencies and stocks I found every single chapter to be relevant to my trading irrespective of the specific market favored by the trader being interviewed. The traders also use a variety of charts, methods, and indicators.
I was thrilled to see the MACD favored highly as an indicator since it is my personal favorite. For each trader we learn how long they have traded, the approximate amount of money they typically trade, and a fascinating and detailed description of their trading rooms including how their computers are setup and the specific tools they use i.
My own trading was immediately affected by the chapter which highlights William Doane, a high-dollar trader of stocks who made a very convincing case for watching longer time-frames. The voice of experience does not stammer. I immediately saw the long bases with breakouts that he favors. Another extremely helpful aspect of this book is the emphasis on and the practical, usable treatment given to money management. Any trader must understand the principles of capital preservation or he won't be a trader very long.
Elder is a very careful teacher of this approach and his "rules" have helped me turn potentially devastating losses into smaller losses from which I can easily recover. I remember when Market Wizards came out how revolutionary it was to have a glimpse into the minds of professional traders. This book goes far beyond that point because each trader gives examples of individual trades from their own records; some of them winners and some of them losers.
The reader is invited to view the chart and set up rationale of each of those trades and determine for himself if the trade will make or lose money before going onto the next page to find out how it actually turned out.
In every case, Dr. Elder gives commentary and wisdom. The traders tell the specific charting software and trading platform they use. They explain in detail which indicators they favor and why. Imagine the cost and logistics of gathering this hard-won wisdom. Entries and Exits is one of the best trading books I have ever owned. The information is of such a practical and useful nature that it was incorporated into my own trading within minutes of reading it on the page.
The book itself, with high quality paper and boards, is beautifully produced. I expect it to last a lifetime. If you are a trader of financial markets get this book immediately. If you hope to trade for a living, then think of how valuable it would be to spend some hours with 16 traders who have been in the trenches already with Dr. Elder as your guide. Just get it. It is a steal at twice the price Mar 17, Ryan rated it it was amazing Shelves: main.
Tony rated it really liked it May 13, Terence rated it really liked it Aug 04, Suraj rated it liked it Dec 23, Nishanth rated it it was amazing Aug 21, Saim Arosh rated it liked it Feb 19, Lucky Cook rated it really liked it Apr 15, Wayne rated it liked it Dec 18, James Huffnagle rated it liked it Aug 19, Paulo Beraldo rated it really liked it Jun 04, Zee Zruss rated it really liked it Oct 22, Amor Ibe rated it it was amazing Jul 03, Lucy Morningstar rated it really liked it Jul 05, Navreet rated it it was amazing May 29, Angel rated it liked it Apr 04, Vincentcius Enrico Alexander rated it it was amazing Dec 04, Jakz rated it it was amazing Nov 29, Jaturan Ab rated it it was ok Apr 21, Simon rated it really liked it Jan 26, Leroy rated it really liked it May 04, Andrew rated it really liked it Jan 02, Steve rated it did not like it Mar 28, Sandip rated it really liked it Sep 08, Spencer Li rated it really liked it Jul 15, Meet rated it liked it Aug 02,
Entries and Exits : Visits to Sixteen Trading Rooms
Entries and Exits: Visits to Sixteen Trading Rooms
You are currently using the site but have requested a page in the site. Would you like to change to the site? Alexander Elder. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades.