The New Sell and Sell Short by Alexander Elder
How To Take Profits, Cut Losses, and Benefit From Price Declines (Wiley Trading)

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Synopsis

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 meltdownIncludes an extensive study guide with 115 questions and answers and 17 chart studiesDiscusses the selling process from a variety of angles: technical, fundamental, and psychologicalExplains how to maximize winnings in a profitable trade and how to minimize losses when a trade doesn't go as plannedOffers detailed guidance for traders of stocks, financial futures, commodities, and currenciesExplains 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.

 

About Alexander Elder

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DR. ALEXANDER ELDER is a professional trader, an expert in technical analysis, and a practicing psychiatrist. He is the founder of Financial Trading Inc., a firm that provides intensive training camps for traders worldwide. His two previous books went on to become international bestsellers: Trading for a Living (Wiley) was translated into nine languages, and Come Into My Trading Room (Wiley) was named a 2003 Book of the Year by Barron's. To see Dr. Elder's snapshots from his New Zealand journey please visit www.elder.com/nz.
 
Published February 16, 2011 by Wiley. 368 pages
Genres: Business & Economics, Professional & Technical. Non-fiction

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