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Book: Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading) :: Book
Date: Thursday, 08 January, 2009 :: 21:17
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Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading)
List Price: USD $95.00
from USD $39.84
Product Group: book
Manufacturer: Wiley
Studio: Wiley
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Editorial Review: Product Description
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.
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Reviews:
Average Customer Review: 
1 of 2 people found the following review helpful:
Summary: Best book in trading!!
Date: 2009-01-04 - 
Comment: Dr.Alexander Elder is probably one of the best traders around. But most certainly the best teacher to write about this subject. It's amazing how he relates all different kinds of real situations in the stock market with so many interesting examples in real life. Everything is easier with with the charts we are able to follow.
Even keeping this book for the rest of your life, you will probably want to read some other good ones. He has also taken care of that. All the 16 traders suggested their favorite books. And that's the kind of people you will look for when you want to tips about another buy.
Can't wait for Entries & Exits 2 !!!!!
1 of 2 people found the following review helpful:
Summary: If you are a fan of Dr. Elder's, get this book!
Date: 2008-12-31 -
Comment: I got this book before i got the previous one (Come into my trading room). This book uses real trades from various traders highlighting a good and a bad trade each. It makes for very easy reading and also gives us an idea of what the trader was thinking when placing the trade. Through beautiful color charts and notes, the author explains why it is a good trade or otherwise. If you like to learn from examples with charts, it can't get any better than this.
1 of 2 people found the following review helpful:
Summary: OK, But Better To Check His Other Books
Date: 2008-12-14 - 
Comment: OK book, easy to read with some interesting points on psychology, but a little expensive for what it is. I love Dr. Elder's work, though. If you don't have it, I would recommend his "Trading For A Living", which is far superior, and a must have for any trader.
1 of 2 people found the following review helpful:
Summary: The most interesting aspect is some of the traders' own approaches
Date: 2008-12-03 -
Comment: The author is interviewing 16 traders and looking at one entry and one exit that they've made. Then the author presents his analysis of the trader.
Some of the traders are more interesting than others and the book could have been better if the traders had been chosen a bit more carefully. The authors comments about the trade gets a bit tedious. (Unless, I suppose, you are very familiar with the author and for some reason would like him to respond to specific examples.)
Very good is that the traders each have a recommended reading list.
The book kind of reads like a textbook (study questions, boxes, etc). Personally I do not appreciate this approach at all. And like a textbook don't expect anything really novel.
The book is beautifully bound and doesn't have the grey toilet paper look that so many of John Wiley books have. Nice white paper and colourful charts.
1 of 1 people found the following review helpful:
Summary: Getting down to the fine points
Date: 2008-12-03 -
Comment: Another fine effort from Dr Elder. I first picked up Dr Elders 'Come Into My Trading Room' and worked my way forward to this book and then back to 'Trading for a Living'. I would still rate 'Come Into My Trading Room' as the best book he has written yet, and along with Stan Weinstein's 'Secrets for Profiting in Bull & Bear markets' these two titles are guaranteed to short circuit the learning process for all novice to intermediate traders.
Dr Elder's earlier books introduced us to his 'Impulse System'. By doing this he is the first author/trader I have come across willing to go into this much detail about their personal trading methods. The section on 'Money Management' in 'Come Into My Trading Room' is an absolute eye opener, but what ultimately did it for my was the level of detail regarding the fine points of entry and exit and how they specifically relate back to the money management in terms of risk to reward via the setting of stop losses and profit targets, which is nothing new, but the finer points of when is best to exit and enter are examined in detail.
'Come Into My Trading Room' covered these points in great detail so it is logical that he should continue this theme with a book dedicated to the point.
The book moves chapter to chapter with an interview with a different trader, examining 2 of their trades - one winner and one loser - and then comparing against Dr Elders own analysis of the trades. It is true that many of the people interviewed are either students or associates of Dr Elders, but I think this is largely irrelevant. I say this because each of the people traded are trading for a living, they are not amateurs. The frank interviews with each of them demonstrate their thoughts and feelings and self-criticisms showing us how the professional trader strives for constant improvement. It is also great to see how many of them have altered the impulse system in different ways to suit their own trading personalities, something Dr Elder promotes in all his books.
Highlights for me were the chapters talking to Sherri Haskell for her high returns, dedication & strive for perfection, Dr Diane Buffalin for her views on options which I have struggled with myself but mostly Gerald Appel for showing us a ridiculously bad trade can be still be made today by the same man who invented the MACD!
Many different styles are discussed here from the stock standard discretionary trader to a man who has invented his own indicator, to system traders; system trading being something that Dr Elder has made clear in his books is not his personal cup of tea.
Buy it and read it as well as 'Come Into My Trading Room' because even if you don't learn anything, which is doubtful, it's still an entertaining read. Personally I would like to see a book such as this become a running series.
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Accessories:
The Complete Trading for a Living: The Legendary Approach to Trading with the Companion Study Guide
Study Guide for Entries and Exits: Visits to 16 Trading Rooms (Wiley Trading)
Come Into My Trading Room: A Complete Guide to Trading
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Trading for a Living: Psychology, Trading Tactics, Money Management
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