Trading/Finance - Alexander Elder - The NEW Trading for a Living, Study Guide and New Sell & Sell Short

Why teach?

Why not simply stay in front of the screen and quietly grind out profits?

Whenever I hear this question, I say: "Preaching is good for the preacher." Showing specific chart patterns and stressing the need for discipline reinforces my own performance.

To master a concept you have to be able to teach it to others. If you can't explain what you think you know, then you really don't know it.

Once or twice each year I run a live trading workshop with Kerry Lovvorn, my partner in SpikeTrade.com. At the time of this writing, we had six such workshops, traded our accounts in each of them, and both of us made money in all six classes.

If you were to take six random days from my trading, I wouldn't be able to deliver 100% profitability. Neither would Kerry – but we've done it in our classes because working in front of a group creates extra pressure to succeed. That's what I mean when I say that preaching is good for the preacher.

Read this book carefully, take notes, test its lessons on your own data. I want this book to help you as much as writing it helped me.

-Dr. Alexander Elder








A detailed look at one of the most underestimated aspects of trading-selling

In The New Sell and Sell Short, Second Edition, Dr. Alexander Elder explains how to exit a stock at the right time and how to initiate a short position to profit from a stock that is showing weakness. Often overlooked, selling properly enables a trader to cut losses and maximize profits. Moreover, short selling in a weak market can generate big profits and should be a part of every trader's arsenal of tools. The new edition contains numerous examples of short selling stocks from the 2008-2009 bear market, demonstrating very clearly why traders do themselves a disservice by only focusing on the long side. In addition, the new edition contains an extensive study guide to help readers master the material prior to trading.

Elder shares real-world examples that show how to manage your positions by adjusting your exit points as a trade unfolds.

Contains new examples and insights from the 2008-2009 market meltdown
Includes an extensive study guide with 115 questions and answers and 17 chart studies
Discusses the selling process from a variety of angles: technical, fundamental, and psychological
Explains how to maximize winnings in a profitable trade and how to minimize losses when a trade doesn't go as planned
Offers detailed guidance for traders of stocks, financial futures, commodities, and currencies
Explains how to set profit targets and stop-loss orders prior to entering any trade Other bestselling titles by Elder: Trading for a Living, Come Into My Trading Room, and Entries and Exits

Understanding where and when to sell is essential to successful trading. The New Sell and Sell Short, Second Edition is the definitive reference to this overlooked, but vitally important, aspect of trading.



Enjoy and seed!