Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading)

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.

---

All Customer Reviews
Average Customer Review:
1 of 1 people found the following review helpful:

Crisp & Clear Writing., 2008-03-23
I have read Elders first two books and put off buying this one for a while. I finally picked it up last week and I must say that it is excellent. The writing and charts offer a very clear perspective on different stock trading techniques. Each technique is these reviewed by Elder and his rules. I enjoy very much sitting down for an hour and studying a chapter which consists of a different traders techniques. I always pickup a valuable piece of insite as well as reinforce the ideas from his other books. This is a very good book which I highly recommend.


1 of 1 people found the following review helpful:

One of the best for traders, 2008-03-08
This book and a book by John Carter, Mastering the Trade, are two of the very best on trading information. Very highly recommended. I own about 50 books on Option trading, Forex, chart analysis, stock trading, day trading, swing trading, you name it. This book and Carter's book easily could have replaced 40 of the 50 books I bought previously.


9 of 9 people found the following review helpful:

Case studies, 2007-12-13
I recommend this book not for the trading methods you will find it in (because I don't recommend using these methods at face value to trade), but in order to see how different people trade, and in particular the contrast between amateurs and experts. There are several amateurs, they tend to use a lot of technical methods and over rationalize their entries and exits. The professionals may not have better methods, but they are less fooled by the accuracy of the method. If this book is a good sampling of the trading population, then it would seem most traders, or at least beginners, fail to appreciate the unpredictability of the price action of markets. When they make a losing trade, rather than simply recognizing the probability of entering into losing trades at any given time, they rationalize it by saying they didn't "follow their method" or some such. Likewise, when completing a winning trade, they tend to give credit to their method, rather than recognizing that it was probably pure chance. As someone who trades by scalping, I was rather intrigued by the account of the gentlemen who developed a simple formula to trade against the public from the dealing desk. I'm curious about the success rate of this strategy. Alas it does not seem to be available. On a final note, Alexander Elder is a good writer, honest, clear and descriptive. In this book and others, he does a good job of describing technical analysis and other methods. My word of caution, especially to beginners, would be that there is a high failure rate of any method, including those described in this book. You must recognize that as the simple and unchanging truth and develop a strategy that deals with it.


2 of 2 people found the following review helpful:

Very Enjoyable Read, 2007-09-30
A good follow-on read to his Come Into my Trading Room.
It's interesting to hear about the various everyday people who manage to trade for a living. Good detailed trade examples which give up more on re-reading.



14 of 18 people found the following review helpful:

Disappointing, 2007-07-01
I have read Elder's other books and was looking forward to reading this one. Unfortunately, Entries and Exits, does not rise to the standards Elder set with his other books. I can honestly say, "read his first two books,but,skip this one" Sorry Dr. Elder.

Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.