Sell short options trading by alexander elder

Sell and Sell Short Wiley Trading by Alexander Elder.

If you are searching for a book on trading stocks then look no further, this is it. I have been a successful trader for years and read over books on trading,and in my opinion this is one of the very best. Alexander Elder actually read the change in the market from bull to bear in late and was able to get this books first edition released in early when it was needed most.

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While as the title suggests it teaches when to sell your stocks for profits, and also does the best job I have seen on explaining short selling and when technical indicators show to short. This book is a complete book for any trader.

The main lessons of this book is when to lock in profits and exit a trade using a target, and how to double your potential for profits by not only buying stocks, but also selling stocks short and buying them back at a lower price for profit. Professionals sell short because while overall the stock market drifts upward, when a stock falls it falls over twice as fast as it rises.

I sell short and it is a powerful tool when used correctly. This book will show you when it is appropriate to short. Alexander Elder is the only author I am aware of that integrates trading psychology, money management, technical analysis and keeping a trading journal into one book.

These four factors will determine whether you are successful in the market or not, even more than the trading method you choose. The author follows a discretionary, technical approach trading counter trend for the most part.

However what you learn in this book can be applied to any type of trading. The authors own technical approach uses prices, volume, exponential moving averages 13 day, 26 day , envelopes, MACD, and force index.

Limit your tools to no more than five, more is less, any more just causes confusion. The main method you will learn in this book is using the moving averages as a technical base for agreed upon value and buying at the lower edge of the envelope and selling at the high edge of the envelope when you have favorable MACD and force index agreement, or buying at value between the EXP MAs.

If you are going to be a trader you must follow the money management suggestions in this book. Your long term success as a trader is determined by your ability to learn from your mistakes and not repeat them.

The best way to do this is to keep detailed records on a spreadsheet and charts of each trade and a diary of why you traded.

You must look squarely at each win and loss. This review only scratches the surface of this great book. It is packed with very helpful principles, real trades, humor, and is just outstanding. I really grew as a trader from reading and implementing Dr.

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If your dream is to trade for a living or just trade successfully this is the book to buy. This new second edition contains many examples of short selling stocks from the financial panic, showing how traders miss out on substantial opportunity to profit by only trading long. Also, this new edition contains a study guide to help readers understand the material completely before trading.

Stephen Burns a trend follower and break out trader that specializes in the Darvas System.

To learn more about him and his trading style you can pick up his recent book at Amazon. I am reading Trading For a Living right now and I really like this Dr. Aside from all the technical analysis, money management and psychology that is needed to understand to improve your skills as a trader, what is a good book for a raw beginner at trading?

Something that can help walk you through the steps up to your first trade. Personally, I started with Sell and Sell Short because it covered that extra aspect of shorting in detail, essentially allowing trading in both bull and bear markets.

Thanks for the review! I will definitely pick up a copy of this book. When I first became interested in the market back in the first thing I did was head to Barnes and Noble. My book New Trader, Rich Trader will be out in the next few months from BN Publishing.

Has anyone ever seen Dr Elders annual performance published? He is a great writer, but have his clients outperformed the markets?

Is he wealthy from trading? From my personal knowledge of Dr. Elder he is wealthy living in New York City and traveling the world. His principles are solid and work, he sends out an e-mail newsletter each month to his clients and friends and his accuracy in calling market movements is the best I have seen.

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