Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

  • List Price: $95.00
  • Save: $23.69 (25%)
Only 9 left in stock (more on the way).
Ships from and sold by Amazon.com. Gift-wrap available.
Entries & Exits: Visits t... has been added to your Cart
FREE Shipping on orders over $25.
Condition: Used: Good
Comment: May have highlighting, underlining and/or writing. May have some wear. Access codes and/or supplementals materials may not be included. Get it fast with Amazon Prime! Ships directly from an Amazon Warehouse! OVERNIGHT AND 2-DAY SHIPPING AVAILABLE! Buy from a Small Mom and Pop Store that will take care of you!
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 3 images

Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading) Hardcover – April 28, 2006

4.2 out of 5 stars 79 customer reviews

See all 3 formats and editions Hide other formats and editions
New from Used from
"Please retry"
"Please retry"
$34.87 $8.99

Excel 2016 For Dummies Video Training
Discover what Excel can do for you with self-paced video lessons from For Dummies. Learn more.
$71.31 FREE Shipping. Only 9 left in stock (more on the way). Ships from and sold by Amazon.com. Gift-wrap available.
click to open popover

Frequently Bought Together

  • Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading)
  • +
  • Study Guide for Entries and Exits: Visits to 16 Trading Rooms
  • +
  • Come Into My Trading Room: A Complete Guide to Trading
Total price: $148.20
Buy the selected items together

Editorial Reviews

From the Inside Flap

You are about to visit the trading rooms of sixteen men and women. These traders live in different countries, follow different markets, and use different methods, but all share several traits—most importantly, their dedication to trading. They are utterly serious about their work, while most of the amateurs who supply the bulk of their winnings are chasing the excitement of an adrenaline rush.

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 secret—only 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 things—freedom 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 rooms—helping 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.

From the Back Cover


Entries & Exits takes you behind closed doors, into the trading rooms of sixteen private traders. They live in different countries, trade different markets, and use different methods, but all share a dedication to trading. Your guide on this journey is Dr. Alexander Elder, a bestselling author, professional trader, and practicing psychiatrist.

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.


The latest book club pick from Oprah
"The Underground Railroad" by Colson Whitehead is a magnificent novel chronicling a young slave's adventures as she makes a desperate bid for freedom in the antebellum South. See more

Product Details

  • Hardcover: 352 pages
  • Publisher: Wiley; 1 edition (April 28, 2006)
  • Language: English
  • ISBN-10: 0471678058
  • ISBN-13: 978-0471678052
  • Product Dimensions: 8.3 x 1 x 10.3 inches
  • Shipping Weight: 2.5 pounds (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (79 customer reviews)
  • Amazon Best Sellers Rank: #191,327 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Hardcover
Having already stated in my review of the book that Trading for a Living changed my life (and it most certainly did,) I am obviously a fan of Dr. Elder and as such will be steadfastly determined to keep this review from falling victim to hyperbole. Entries and Exits: Visits to Sixteen Trading Rooms is an important and essential addition to any trading library. A novice trader or one of intermediate experience will find almost endless wisdom to be mined here, but there are also many, many gems for seasoned pros. Imagine being able to sit for hours with 16 traders and pick through in detail their philosophy of trading, their most commons errors, the wisdom they have learned from years of markets--bull markets, bear markets, consolidations, doldrums--and being able to view their trading logs and actually re-trade with them their winners and losers. These traders are both full and part-timers. They trade a variety of markets from futures, stocks, currencies, options, ETFs, mutual funds, and commodities. As a trader of currencies and stocks I found every single chapter to be relevant to my trading irrespective of the specific market favored by the trader being interviewed. The traders also use a variety of charts, methods, and indicators.

I was thrilled to see the MACD favored highly as an indicator since it is my personal favorite. For each trader we learn how long they have traded, the approximate amount of money they typically trade, and a fascinating and detailed description of their trading rooms including how their computers are setup and the specific tools they use (i.e. software, books, websites.
Read more ›
Comment 107 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
Once again I believe Dr. Elder has written a book that could become a trading classic. I have read 60 books on trading and Dr. Elder is heads and shoulders above the other authors in his trading philosophy and his ability to communicate in a clear manner.

I would highly recommend purchasing this book along with his other books. This book really brings his principles of trading alive with real life examples of real traders making real winning and losing trades. Also the traders share some of their trading tactics. It is a great mix of traders and techniques. The beauty of this book is that these are people who REALLY trade for a living instead of vendors of trading materials or philosophies from writers or teachers. This book is large with glossy paper and full color charts for all trades displaying different indicators. There is not room here to go into all that I learned from this book so I will leave you with some of Dr. Elder's key principles:

1. Do not put more than 2% of your total capital at risk on any one trade.

2. Do not have more than 6% of your total capital at risk at any one time.

3. Keep your charts simple, two moving averages, an envelope, MACD lines and histogram with the Force index is enough.

4. Keep very good records for every trade along with its charts.

5. Develop your own method that you are comfortable with that gives you an edge in the markets.

6. You must do your homework to succeed, trading is a profession like any other, there is no easy money here.

7. You must love trading to be successful at it.

8. You need the support of your spouse to be successful.

9. Start trading a small size and build up your tolerance to risk.

10. Make a commitment of time, and stick to it.
5 Comments 60 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
By ArtFan on December 13, 2007
Format: Hardcover Verified Purchase
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.
1 Comment 74 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews

Set up an Amazon Giveaway

Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading)
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway
This item: Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading)