Entries and Exits

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.

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