Summaries and Customer Reviews are supplied by Amazon.com

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.

Average Customer Rating:

Another valuable book from Dr. Elder

Customer Rating:

Let me start off by saying this book wont help you very much until you read Dr. Elders other book "Trading for a Living." In "Trading for a Living" he lays out the ground work and teaches you all the general "book smart" knowledge. "Entries and Exits" helps apply some of those concepts by walking through various trades with different types of traders from all over the world to help you learn how to think for yourself. I found the book very interesting. I didn't learn as much raw skill as I did in "Trading for a Living" but it made me think more and exposed me to different trading styles. It also helps to see what professional traders do wrong and learn from it. Elder does a great job of staying consistent with his trading methods and has developed a straight forward trading strategy. He did a great job covering the realm of different types of traders and techniques. The book is well made consisting of glossy color photos and is neatly laid out. PROS: Detailed explanations, great examples, stresses risk management, and helps the reader develop decision making skills. CONS: Sometimes the charts become confusing or are hard to understand when they change time frames. Also all of his explanations use his Impulse system and Force Index. The Impulse System and Force Index are great systems but unless you have them and are planning to trade with them they are sort of useless. The price of the book is also high but the information in the book really has the potential to make or save you money, so just bite the bullet and buy it. Overall it's a great book. Don't buy it unless you have read "Trading for a Living." He is a great author and has really has done a great job writing books that allow traders of all levels to improve their skills.

Some good information, but borderline informercial

Customer Rating:

Dr Elder's book takes you through 16 different trading styles, giving you two examples of actual trades for each. You'll meet the trader (Elder's students and peers) and read the set up and entry point. You'll then be asked whether you think the trade will win or lose. After seeing the result, Elder gives his analysis of the enery and exit. It was enjoyable to challenge my skills deciding why a trade will go good or bad. And like a lot of other trading books, I drew nuggets of knowledge I continue to use today. This in itself was worth the price of the book. While readers may good gain insight from both the trader's and Elder's thought processes, the book is based on Elder's Impulse System; software available for purchase through his website. I'm a fan of Elder's work and have learned quite a bit the classic, "Trading for a Living". However, I don't care much for books that serve to push more products rather than sell itself on it's own merits. Hence the 3 star rating.

Crisp & Clear Writing.

Customer Rating:

I have read Elders first two books and put off buying this one for a while. I finally picked it up last week and I must say that it is excellent. The writing and charts offer a very clear perspective on different stock trading techniques. Each technique is these reviewed by Elder and his rules. I enjoy very much sitting down for an hour and studying a chapter which consists of a different traders techniques. I always pickup a valuable piece of insite as well as reinforce the ideas from his other books. This is a very good book which I highly recommend.

One of the best for traders	Customer Rating:
This book and a book by John Carter, Mastering the Trade, are two of the very best on trading information. Very highly recommended. I own about 50 books on Option trading, Forex, chart analysis, stock trading, day trading, swing trading, you name it. This book and Carter's book easily could have replaced 40 of the 50 books I bought previously.

Case studies

Customer Rating:

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.