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Entries and Exits: Visits to Sixteen Trading Rooms

Alexander Elder

ISBN: 978-0-471-67805-2 April 2006 352 Pages


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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Introduction 3

Chapter 1 Sherri Haskell A Logical Way of Looking at Things 12

Chapter 2 Fred Schutzman My Computer Can Do the Trading for Me 30

Chapter 3 Andrea Perolo Simple Charts, Clear and Uncluttered 48

Chapter 4 Sohail Rabbani The Discipline of Loss Control 66

Chapter 5 Ray Testa Jr. Developing a Consistent Approach 84

Chapter 6 James (Mike) McMahon A Successful Engineer Has a Disadvantage 100

Chapter 7 Gerald Appel Looking for Favorable Probabilities 118

Chapter 8 Michael Brenke To Keep Repeating What I Did Right 136

Chapter 9 Kerry Lovvorn A Squeeze Play 158

Chapter 10 Dr. Diane Buffalin Dancing Like Fred Astaire, Only Going Backwards and in High Heels 176

Chapter 11 David Weis Price-Volume Behavior Is Steeped in Reality 192

Chapter 12 William Doane The Bigger the Foundation, the Taller the Building 208

Chapter 13 Peter Tatarnikov We Analyze People Who Analyze Markets 224

Chapter 14 Damir Makhmudov Technical Signals in the Fundamental Context 240

Chapter 15 Pascal Willain Effective Volume 258

Chapter 16 Martin Knapp Do It Right the Next Time Around 276


Your Trading Room 307

Bibliography 319

Reading Lists 321

Acknowledgments 329

About the Author 331

Index 333