Customer Reviews

Generate Thousands in Cash on Your Stocks without Selling Them

5 star:		(54)
4 star:		(13)
3 star:		(2)
2 star:		(2)
1 star:		(0)

 

 

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.

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.

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

Mr. Elias' style suits me perfectly. Lots of case studies (with the pictures to follow), a sound reason behind each technique, and and upfront Professor style to the communication. I have not seen the techniques presented in this book in any other publication I have studied. The fundamental items, yes, the way they are strung together, no.
This book in coordination with options basics (or books like Options Made Easy) can get you started in no time. Definitely worth the read, just make sure to mark or take notes as you go, because it is STUFFED with great information.

I had read the customer reviews on this book, and bought it based on them. My expectations were high, and this book exceeded them. This book is full of useful and practical information that I haven't found in any previous books.

The Technical analysis part of this book was worth the price of it alone. I have changed the way I trade after reading this book. The Technical analysis sections are so simple to use, and very practical to implement for any home investor.

The options strategies were good, I must admit, I thought there was a little cherry picking on the examples given, but all in all I was extremely impressed with this book and highly recommend it to anyone else.

I have read books by so called "traders" who derive more of their income from seminars,trading camps and books than from actual trading. It is refreshing to finally read a book written by a person who actually trades for a living.
When I lived in the Midwest and before moving to my current location, I belonged to a local trade group run by the author. I had the fortune of meeting the author at the chamber of commerce gatherings in the area. Inevitably we talked about areas of common interest one of which was trading. He invited me to join a small trade group of around 50 traders he leads in the local area. I was a member of the group for few short months and saw traders including myself make profits upward of $5000 per week using methods many of which are detailed in this book.
After I moved, I continued implementing strategies I learned in the trade group and others from the book. Although my results are not as good as when I was an active member of the group, I am now able to make a very comfortable living trading full time.
Since the trade group is only open to few local traders and the book is limited in availability, I am not trying to promote either. My purpose in writing this review is to bring to fellow traders a hard to find trading book that has brought me much closer to becoming a very profitable professional trader than any other I read.

Wow, without being the lenght of War and Peace Dr. Elias packs a lot of punch. It has many actual case studies. I also found it valuable that he addresses the real world... by that I mean the market does not always go your way (go figure). You follow along in trades as he shifts gears to address the new reality of the stock's "actual" price moves vs the "anticipated" moves of the stock. I can't stress enough that I particularly liked how he presents what I'll call plan A, B, and C... if that happens I'll do this, if this happens I'll do that. This allows the reader insight into the whys of the trade. This will be very valuable to someone newer at this, learning alot by seeing the same trade from many angles! Likewise, it's very good that he highlights key points that a reader should not miss.

I have been making a living exclusively trading stocks and options for several years so I am what you would consider an experienced trader. While it is true that most traders lose money, the ones that are successful make a nice living at it. In my opinion the reason why most fail is that they follow the herd and refuse to change their style.
This is where this book comes in; many of the techniques are innovative and different in addition to the fact that they work.
To give one example is a contrarian approach employing sentiment and price movement to profit on low priced stocks without buying them or spending any of your own cash. Using a simple twist on this strategy, the author shows you how to recover losses of more than 50%, this alone is a worthwhile reason to read this book. The new techniques in the latter chapters of the book made me a sizable profit on xmsr, amr,ntes,askj, and several others in the last few months.
Of course, it is a personal choice whether one keeps doing the same thing and getting the usual results or they open their mind to new concepts and reap their benefits. I chose the latter .

This book is well written and very understandable....The author uses real life trading examples to present his strategies....

The third edition adds approximately 150 pages to this insightful text.

The original editions focused more on what to do with existing longer-term holdings. The new chapters on using chart patterns and candlesticks as well as determining when and at what price to buy and sell are more focused on the short to intermediate trader.

As before, the author gives many examples and tips along the way. He now includes a chapter on risk control and money management.