After a sell out first and second edition, Dr. Samir Elias added significant new material to the third edition - the main focus of which is making money in multiple ways. You can make money by purely trading stocks using numerous combinations of technical indicators described in several chapters and supported by practical market examples. You can also make money by raising cash on your long term holdings using effective and simple option strategies. In addition, you can make money by increasing your return on profitable trades while significantly reducing losses on unprofitable ones by using risk control strategies described in a special chapter. Learn also how to find stocks that have the potential to deliver explosive profits by incorporating ideas from the author's own stock scanning system that is presented in the book. Make the most of your trades by using specific techniques to determine the approximate best exit time and price using methods in the book applied in detail to the author's own trades. Whatever kind of trader you may be, this book will show you practical ways to increase your profits. If you are a swing trader, you can use candlestick charts combined with two specific technical signals to enter profitable trades. If you are an intermediate term trader, you can use profitable chart patterns described in one of the chapters in combination with technical signals to increase your return. Long term investors can use CD charts described in an especially dedicated chapter to determine the long term direction of a stock as well as entry and exit points.
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Book Description
Frequently Bought Together
Editorial Reviews
From the Author
You purchased 1000 shares of Lucent at $40/share. The stock is now at $0.90. Your loss $39,100. How Can you Recover this loss?
Choice 1: Wait until the stock gets back to $40. May take Years!!
Choice 2: Throw in another $18,000 to buy 20,000 more shares. Your average is $2.76/share.
What if you do not have the $18,000 or the stock drops further to $0.50 after you buy? Better than 1 but Not a good choice
Best choice: Without spending any of your own cash sell someone the option to sell you 20,000 shares of Lucent at $2.50 within 2 years. You will receive $40,000 immediately . you will get to keep the cash if the stock reaches $2.50 at any time in 2 years. You will not lose any cash even if the stock drops to $0.50.
If the stock has bottomed, (A simple test in the book will show you how) you could use part of the cash ($18,000) to buy 20,000 shares of Lucent and have $22,000 cash left.
On 11/29/2002 LU closed at $1.76 and the option you sold for $2.00 are now at $1.40 . You could buy the option back for a profit of $0.60/share or $12,000 total profit and sell the 20,000 shares you just purchased for $0.80/share profit or $16,000 total profit. You have now recovered $28,000 of your $39,100
In fact this is just one of the techniques described in this book that will help you recover your losses while generating cash. --This text refers to an out of print or unavailable edition of this title.
About the Author
Samir Elias has a Doctorate in Engineering from the University of Massachusetts and a Masters in economics from the University of Technology in the UK. He worked as a research engineer developing new products at two different private companies in the US. In 1994 he raised venture capital to start his own engineering company which was sold to an international company in 1999. Between 1994 and 1997 he was involved in a real estate investment partnership in Ohio and Massachusetts. During that period he was intrigued by stock and option trading and how mathematical principles can be aplied to enhancing trading and investment profits. In 1997 , using his experience in computer modeling of multiphase dynamic systems which was the focus of his doctorate dissertation, he developed a mathematical approach using convergence divergence charts to model long term stock movements .This model was simplified enought to obtain effective results using hand drawn charts once a week. With the proliferation of the internet and increased interest and accessibilty of short term trading he developed unique combinations of technical indicators to predict short term stock movements with over 75% accuracy. In 1997 , he sold his real estate partnership and started trading part time at Insight Securities in Wichita KS until they closed in late 1998. Presntly , he is a full time option and stock trader and investor.
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Most Helpful Customer Reviews
106 of 110 people found the following review helpful:
5.0 out of 5 stars
Made a lot of $$$ with this book.,
By
Amazon Verified Purchase(What's this?)
This review is from: Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition (Hardcover)
I was able to triple my trading account in the past 18 months with this book. Although, I did own the first and second editions, it is the third edition that gave me these remarkable results. How did I do this? I followed the stepwise procedure below:
(1) I programmed the scan suggested by the author on pages 357-383 into my stock scanning software to find long trades reversing from a bottom. I also adapted the scan to search for short trades reversing from a top. This is quite easy to do by reversing the stated conditions. (2) I used the market timing indicator discussed on pages 179-185 to decide whether the general market is turning up or down. The indicators in the book are best used to detect an inflection point in the market which is critical to catch moves early in the trend. A down signal was given by this indicator in Nov 2007. (3) When the general market is turning up I run the scan that searches for long trades. I focused only on two high profit setups discussed in the book: VPV reversal and the highly profitable falling rectangle. My reason for focusing on these setups is that not only they have high profit potential, they get you in early in the trend thus reducing the possibility of being stopped out of the trade and keeping drawdown at a minimum. While VPV reversals are not hard to find, the highly explosive falling rectangles do not come by more than few times a year , but once you find them you can get profits upwards of 50% in a short time. (4) If the general market is turning down I ran the scan that searched for stocks to short. In this case, however I looked for a rising rectangle pattern which is essentially the opposite of afalling rectangle. I also required that the break below the rectangle be accompanied by a volume spike. Knowing that markets and stocks fall much faster than they rise I would buy puts on the stock at the next strike below the current price. Once that strike price is reached and if the downtrend is still intact I will sell the puts I hold and buy puts at a lower strike and so on. To show the explosive profits you can get using this technique, I will give a specific example: On 8/21/08 my short search program identified JDSU as a stock falling with a heavy volume spike. On examining the chart a break below a rising rectangle was evident. By buying $7.5 puts when the stock was at $10+ and then selling them when the stock hit $7.5 and buying $5 strike puts and so on until the stock hit $2.5 , my small investment grew by 20 times. I have taken the advice of the author in my trading "to specialize in specific setups and get good at them to the point where they can be recognized by a glance at the chart". I waited this long before writing the review since I had read many reviews and even written reviews myself on books without addressing the critical question: did the reviewer make money with ideas in the book. In most cases it is difficult to answer that question, however is this case it was possible since I followed a specific approach suggested in the book and it worked. My actual rating for the book though is slightly shy of 5 (around 4.75) stars mainly because the author does not discuss record keeping in detail. He touches on psychology and does discuss money management and risk control by setting stops out of congestion areas, so you do not get run over by market makers and using specific option strategies to control risk. I do not believe this is a major drawback since there are many books that discuss trading psychology and record keeping. A personal note regarding trading psychology: When I was not doing so well trading I started reading books that focus mainly on trading psychology , record keeping , followed their advice and got little improvements. However , a successful trading system changed my psychology by making me more confident, and thus willing to pull the trigger when I see a setup that falls within my specialty. Since most trades were profitable it was easy to cut losses on the ones that were not, thus following the saying cut your losses and let profits run was much easier to do.
32 of 32 people found the following review helpful:
5.0 out of 5 stars
Best Trading Book I Own,
By
Amazon Verified Purchase(What's this?)
This review is from: Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition (Hardcover)
I have been trading stocks and options for over 10 years, and I own over 25 books on trading, most written by some of the most respected names in the industry.
Having said that, I have learned more useful trading techniques from this 3rd edition of "Generate Thousands in Cash on your Stocks before Buying or Selling Them" by Dr. Samir Elias then I have from all the other books I own. This was a fascinating book to read, and if you have experience in the turbulent trading markets of the last few years, you can not help but be captivated from page one. In fact, I read it again as soon I finished it, just to make sure that I didn't miss any key points. He has a unique writing style that cuts through all the clutter and gets right to the heart of the matter. If you have no background in options trading prior to reading this book, you would be well advised to read up on them before reading this book. Ron Ianieri's "Options Theory & Trading" being a great place to start the journey. The techniques Dr. Elias uses to generate option income on stocks are presented clearly. In addition to options trading, there is a wealth of information on general trading methods that is extremely valuable to any trader. I know of no other book that gives a trader such a clear road map to achieving success in the stock maket. If I was asked to suggest one book that could help a new trader learn how to trade successfully, it would be "Generate Thousands in Cash on your Stocks before Buying or Selling Them", hands down. Pass this one over and you will do so at your own peril.
24 of 24 people found the following review helpful:
5.0 out of 5 stars
.Very good in my opinion,
Amazon Verified Purchase(What's this?)
This review is from: Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition (Hardcover)
This book will not only show you a system to make money it teaches you how to trade. No fooling.A few zingers like "I don't know about you , but I'm not going to live forever."Along with very very specific trading examples that show prices and entry points and exit points on a variety of real trades on modern stocks,by the numbers.
I've been finding squeezes and options selling opportunities everywhere I look since reading this. I go to the text and compare the examples to the stock I'm looking at to construct stock/options strategies that are actually working !. I like this book very much. It will teach you how to trade. (No, I don't work for the author) Chuck K
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confirming candlestick, fading momentum, falling rectangles, letter below refers, middle candlestick, earnings squeeze, oversold stochastics, upward reversal, second candlestick, engulfing pattern, selling covered calls, established uptrend, downward reversal, inverted hammer, first candlestick, gold index, downtrend line, weak selling, moving average indicators, white candlestick, falling wedges, federal reserve decision, next resistance, volume spike, breakaway gaps Key Phrases - Capitalized Phrases (CAPs): (learn more)
Case History, Chaikin Money Flow, Jun Jul Aug Sep Oct Nov, Chesapeake Energy, Date Volume, General Electric, Maximum Profit, Scientific Atlanta, Adjusted Price, Federal Reserve, Rule of Threes, Personal Note, White Marubozu, Black Marubozu Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
confirming candlestick, fading momentum, falling rectangles, letter below refers, middle candlestick, earnings squeeze, oversold stochastics, upward reversal, second candlestick, engulfing pattern, selling covered calls, established uptrend, downward reversal, inverted hammer, first candlestick, gold index, downtrend line, weak selling, moving average indicators, white candlestick, falling wedges, federal reserve decision, next resistance, volume spike, breakaway gaps Key Phrases - Capitalized Phrases (CAPs): (learn more)
Case History, Chaikin Money Flow, Jun Jul Aug Sep Oct Nov, Chesapeake Energy, Date Volume, General Electric, Maximum Profit, Scientific Atlanta, Adjusted Price, Federal Reserve, Rule of Threes, Personal Note, White Marubozu, Black Marubozu Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
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