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Why would a person who is trading for a living talk about his or her method instead of grinding out profits in silence? Winners know full well that success in trading does not depend on knowing "the secret." There is no secretonly hard work, focus, attention to detail, being careful and long-term oriented with money, and having a bit of flair.
Trading is a vast field, and like a doctor, you must specialize. Many beginners spread themselves painfully thin by investing in and day-trading stocks, futures, and options. Each trader in this book concentrates on an area that appeals to him or her, be it buying breakouts, writing puts, or trolling for dull stocks ready to explode from consolidation zones.
People become successful when they focus on what they love to do. In reading this book, you will probably come across a trading vehicle you like or a concept that appeals to you. Once you find it, stay with it and mine that area for its rich deposits.
There are massive differences between traders at various stages of development. Beginners look for tips, while intermediate traders keep asking about indicator settings. Experienced traders love to watch others make decisions and explain them. Traders in this book will share a wealth of information with you; what you take home is entirely up to you.
Trading can give you money, which can buy many good thingsfreedom from a boss, the ability to travel wherever and whenever you like, and much more. Still, when the chips are down, it is not money that determines the quality of your life. Your goal in trading should be to become the best professional you can be.
We owe a debt of gratitude to the sixteen traders who opened their trading roomshelping all of us become better traders and serving as examples of kindness, generosity, and drive. They show us that there is more to life than money, even in a trader's life. This book is designed to help you break out of isolation, learn from others, pick up ideas that suit your style, and return to your trading room a better, more confident trader.
Each visit begins with a description of each trader's background and methods. He or she walks you through a winning and a losing trade, showing his or her signals on the charts, and explaining the reasoning behind them. After studying the entry, you are invited to decide whether that trade is likely to make or lose money. After you turn the page and see the exit, you learn how that trade worked out. Dr. Elder then shows you his charts for every trade and explains his analysis and decisions. At the end of each interview, he discusses a key aspect of trading, relevant to the trades you have just studied.
Entries & Exits provides an up-close and personal look at how real traders select trades and make decisions. You'll benefit from their hard-earned insights into trading psychology, analytic techniques, money management, record-keeping, and other essential aspects of successful trading. The book delivers a variety of concepts and techniques that will help you become a better trader tomorrow than you are today.
Study Guide for Entries & Exits
Be sure to work through the companion volume to Entries & Exits before you risk a dollar in the markets. The Study Guide contains 101 questions and answers, including twenty-five case studies. Each of them challenges you to focus on some essential aspect of successful trading.
There are seven chapters in this Study Guide—Organization, Psychology, Markets, Trading Tactics, Money Management and Record-Keeping, Case Studies, and Traders Speak. Each covers a major area of trading and offers you a rating scale, allowing you to measure your competence level. Now you can discover and fill any gaps in your knowledge without risking any money.
The answers in the back of the book provide detailed explanations of the right and wrong answers to the multiple-choice questions. A large number of those questions and the case histories in this Study Guide were contributed by traders interviewed in Entries & Exits, linking both books into a single, powerful tool for developing trading skills.
Use Dr. Elder's Study Guide together with Entries & Exits to make the most of your time as you learn to take advantage of market opportunities.
Just lot's of people trading with indicators.
If you did like Elders "trading for a living" then you will probably like this one better than I did. Read more
will be nice to see some period of statements in the past of the this traders examples 6 month or 1 yearPublished 6 months ago by mucho
Entries and Exits is one of those rare books that is both informative for a serious student of stock trading, but is also the rare investment book that is actually captivating and... Read morePublished 19 months ago by Peter A
I chose this rating because I really thought this book would open my mind to some new knowledge, but it didn't. Read morePublished 19 months ago by Craig
I suppose most of the readers of this book are already familiar with dr Elder his other books (Come into my Trading Room or Trading for a Living). Read morePublished 24 months ago by Straddle1985
This is a very good fireside read of war stories. It is not, as its title implies, sixteen professionals detailing their trading systems. Read morePublished on April 9, 2012 by Keith McLeod
I've read all of Dr. Elder's books, except the New Sell and Sell Short.
I stated previously in my review of "Come into my trading room" that this book was the best of Dr. Read more
With no exaggeration I am a reading junkie and trading system nut. So I am now well over 100 trading and investment books. Read morePublished on May 22, 2011 by Larry P.
I am still a beginner in the trading arena and found the books of Dr Alexander Elder to be very practical and useful. The book I purchased from amazon "Entries & Exits.... Read morePublished on December 25, 2010 by ANIL DAWRA