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Any beginner in the stock market knows how to buy. Knowing when to sell will setyou above the crowd. This book will teach you when to sell and how to sell short.Stocks go down much faster than they rise, and knowing how to short doubles youropportunities. Amateurs don't know how to short and are afraid of it, but professionals love to profit from declines.
This new and expanded edition includes an intensive study of the 2007-2009 bear market, with many specific trading examples, distilling the essential lessons of recent years.
"Elder clearly shows how to take profits on winning trades or cut losing trades. He skillfullycombines technical analysis with trading psychology and risk management. Elder lets you in on a favorite game of market professionals - shorting overvalued stocks. His trading lessons from the recent crash are valuable and practical."
-John J. Murphy, author of Technical Analysis of the Financial Markets
"The New Sell & Sell Short delivers practical techniques for selling and shorting. In his relaxed style, colored with humor, Alex details strategies for limiting risk and protecting profits. My favorite is what he calls 'engine noise,' illustrated in a great study of Ford. His chapters on shorting tops and downtrends make difficult tasks accessible to all. This is an indispensable book for investors and speculators alike."
-David Weis, trader and author of Trades about to Happen
"Dr. Alexander Elder is one of the world's most respected teachers of trading mastery. I've read hundreds of books on trading and consider his writings to be among the mostvaluable and useful. Traders who do not know when to sell or how to profit from price declines keep missing major opportunities and expose themselves to unnecessary risks. The New Sell & Sell Short should be required reading for any serious trader or investor."
-Ed Dobson, founder of Traders Press Inc. and a private, full-time trader
Any beginner in the stock market knows how to buy. Knowing when to sell will setyou above the crowd. This book will teach you when to sell and how to sell short.Stocks go down much faster than they rise, and knowing how to short doubles youropportunities. Amateurs don't know how to short and are afraid of it, but professionals love to profit from declines.
This new and expanded edition includes an intensive study of the 2007-2009 bear market, with many specific trading examples, distilling the essential lessons of recent years.
"Elder clearly shows how to take profits on winning trades or cut losing trades. He skillfullycombines technical analysis with trading psychology and risk management. Elder lets you in on a favorite game of market professionals - shorting overvalued stocks. His trading lessons from the recent crash are valuable and practical."
-John J. Murphy, author of Technical Analysis of the Financial Markets
"The New Sell & Sell Short delivers practical techniques for selling and shorting. In his relaxed style, colored with humor, Alex details strategies for limiting risk and protecting profits. My favorite is what he calls 'engine noise,' illustrated in a great study of Ford. His chapters on shorting tops and downtrends make difficult tasks accessible to all. This is an indispensable book for investors and speculators alike."
-David Weis, trader and author of Trades about to Happen
"Dr. Alexander Elder is one of the world's most respected teachers of trading mastery. I've read hundreds of books on trading and consider his writings to be among the mostvaluable and useful. Traders who do not know when to sell or how to profit from price declines keep missing major opportunities and expose themselves to unnecessary risks. The New Sell & Sell Short should be required reading for any serious trader or investor."
-Ed Dobson, founder of Traders Press Inc. and a private, full-time trader
Introduction xv
Why Sell? xv
About the Q&A xvii
Part One Psychology, Risk Management, & Record-keeping 1
Chapter 1 On Buying 3
THE Three Great Divides 3
One Trader's Toolbox 7
Chapter 2 Trading Psychology and Risk Management 9
Your Mind as a Trading Tool 9
Risk Control 11
Chapter 3 On Keeping Records 13
Good Records Lead to Good Trading 13
Trader's Spreadsheet-basic Accountability 14
Trading Diary-your Key to Lasting Success 16
How to Document Your Trading Plan 20
Margret's Method-put it on the wall 24
How to Grade Your Performance 24
Two Types of Trading 26
Questions 29
Answers 45
Part Two How to Sell 57
Chapter 4 Selling at a Target 61
Selling at a Moving Average 63
Selling at Envelopes Or Channels 71
Selling at Resistance Levels 83
Chapter 5 Selling on a Stop 95
The Iron Triangle 97
Market Or Limit Orders 99
Hard and Soft Stops 101
A Bad Place 102
Reducing Slippage-tighter by a Penny 109
Nic's Stop-tighter by a Day 110
When to Use Wider Stops 117
Moving Stops 120
A Safezone Stop 123
Volatility-drop Trailing Stops 124
Chapter 6 Selling "Engine Noise" 129
Weakening Momentum 130
An "engine Noise" Exit From a Short-term Trade 132
A Discretionary Exit From a Long-term Trade 135
Selling Before Earnings Reports 139
The Market Rings a Bell 143
Trading with the New High-new Low Index 148
The Decision Tree for Selling 151
Questions 157
Answers 183
Part Three How to Sell Short 203
Chapter 7 Shorting Stocks 207
Your First Shorts 211
The Asymmetry of Tops and Bottoms 214
Shorting Tops 216
Shorting Downtrends 221
Shorting Fundamentals 224
Finding Stocks to Short 233
Short Interest 237
Chapter 8 Shorting Non-Equity Instruments 243
Shorting Futures 243
Writing Options 252
Forex 258
Questions 265
Answers 279
Part Four Lessons of the Bear Market 291
Chapter 9 Bears Make Money 293
The Bear Was Beginning to Stir in Its Cave 293
The Sentiment Indicators Are Early 295
The Top of the Bull Market 297
Bearish Divergence at the 2007 Top 299
The Bubble Pops: Mgm 300
Shorting a High-flyer 302
A Bear Market Is a Destroyer of Value 304
Swinging in and Out of a Major Downtrend 307
Trading in a Downchannel 308
Prepared for a Surprise 310
"Bull Markets Have No Resistance And Bear Markets Have No Support" 312
For Whom the Bell Tolls Or the Hound Barks Twice 315
Mr. Buffett Buys Too Soon 317
May I Pour Some Gasoline on Your Fire? 319
Keep Shorting on the Way Down 321
Chapter 10 Groping for a Bottom 325
This Stock Market Is Not Going Down to Zero 325
A "double Helix" Gives a Buy Signal 327
Just in Time for the Party 328
My Favorite Major Bottom Signal 331
Selling a Bull 332
Every Bull Stumbles 335
A Screaming Short 337
Conclusion 341
Handling Profits-the Personal Dividend 342
The Road Into the Future 343
References 345
Acknowledgments 347
About the Author 349
Erscheinungsjahr: | 2011 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Taschenbuch |
Inhalt: |
Introduction.WHY SELL?ABOUT THE Q&A.PART ONE PSYCHOLOGY
RISK MANAGEMENT & RECORD-KEEPING.Chapter 1 On Buying.THE THREE GREAT DIVIDES.ONE TRADER'S TOOLBOX.Chapter 2 Trading Psychology and Risk Management.YOUR MIND AS A TRADING TOOL.RISK CONTROL.Chapter |
ISBN-13: | 9780470632390 |
ISBN-10: | 0470632399 |
Sprache: | Englisch |
Einband: | Kartoniert / Broschiert |
Autor: | Elder, Alexander |
Auflage: | 2nd Expanded edition |
Hersteller: |
Wiley
John Wiley & Sons |
Maße: | 229 x 152 x 19 mm |
Von/Mit: | Alexander Elder |
Erscheinungsdatum: | 29.03.2011 |
Gewicht: | 0,519 kg |
Introduction xv
Why Sell? xv
About the Q&A xvii
Part One Psychology, Risk Management, & Record-keeping 1
Chapter 1 On Buying 3
THE Three Great Divides 3
One Trader's Toolbox 7
Chapter 2 Trading Psychology and Risk Management 9
Your Mind as a Trading Tool 9
Risk Control 11
Chapter 3 On Keeping Records 13
Good Records Lead to Good Trading 13
Trader's Spreadsheet-basic Accountability 14
Trading Diary-your Key to Lasting Success 16
How to Document Your Trading Plan 20
Margret's Method-put it on the wall 24
How to Grade Your Performance 24
Two Types of Trading 26
Questions 29
Answers 45
Part Two How to Sell 57
Chapter 4 Selling at a Target 61
Selling at a Moving Average 63
Selling at Envelopes Or Channels 71
Selling at Resistance Levels 83
Chapter 5 Selling on a Stop 95
The Iron Triangle 97
Market Or Limit Orders 99
Hard and Soft Stops 101
A Bad Place 102
Reducing Slippage-tighter by a Penny 109
Nic's Stop-tighter by a Day 110
When to Use Wider Stops 117
Moving Stops 120
A Safezone Stop 123
Volatility-drop Trailing Stops 124
Chapter 6 Selling "Engine Noise" 129
Weakening Momentum 130
An "engine Noise" Exit From a Short-term Trade 132
A Discretionary Exit From a Long-term Trade 135
Selling Before Earnings Reports 139
The Market Rings a Bell 143
Trading with the New High-new Low Index 148
The Decision Tree for Selling 151
Questions 157
Answers 183
Part Three How to Sell Short 203
Chapter 7 Shorting Stocks 207
Your First Shorts 211
The Asymmetry of Tops and Bottoms 214
Shorting Tops 216
Shorting Downtrends 221
Shorting Fundamentals 224
Finding Stocks to Short 233
Short Interest 237
Chapter 8 Shorting Non-Equity Instruments 243
Shorting Futures 243
Writing Options 252
Forex 258
Questions 265
Answers 279
Part Four Lessons of the Bear Market 291
Chapter 9 Bears Make Money 293
The Bear Was Beginning to Stir in Its Cave 293
The Sentiment Indicators Are Early 295
The Top of the Bull Market 297
Bearish Divergence at the 2007 Top 299
The Bubble Pops: Mgm 300
Shorting a High-flyer 302
A Bear Market Is a Destroyer of Value 304
Swinging in and Out of a Major Downtrend 307
Trading in a Downchannel 308
Prepared for a Surprise 310
"Bull Markets Have No Resistance And Bear Markets Have No Support" 312
For Whom the Bell Tolls Or the Hound Barks Twice 315
Mr. Buffett Buys Too Soon 317
May I Pour Some Gasoline on Your Fire? 319
Keep Shorting on the Way Down 321
Chapter 10 Groping for a Bottom 325
This Stock Market Is Not Going Down to Zero 325
A "double Helix" Gives a Buy Signal 327
Just in Time for the Party 328
My Favorite Major Bottom Signal 331
Selling a Bull 332
Every Bull Stumbles 335
A Screaming Short 337
Conclusion 341
Handling Profits-the Personal Dividend 342
The Road Into the Future 343
References 345
Acknowledgments 347
About the Author 349
Erscheinungsjahr: | 2011 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Taschenbuch |
Inhalt: |
Introduction.WHY SELL?ABOUT THE Q&A.PART ONE PSYCHOLOGY
RISK MANAGEMENT & RECORD-KEEPING.Chapter 1 On Buying.THE THREE GREAT DIVIDES.ONE TRADER'S TOOLBOX.Chapter 2 Trading Psychology and Risk Management.YOUR MIND AS A TRADING TOOL.RISK CONTROL.Chapter |
ISBN-13: | 9780470632390 |
ISBN-10: | 0470632399 |
Sprache: | Englisch |
Einband: | Kartoniert / Broschiert |
Autor: | Elder, Alexander |
Auflage: | 2nd Expanded edition |
Hersteller: |
Wiley
John Wiley & Sons |
Maße: | 229 x 152 x 19 mm |
Von/Mit: | Alexander Elder |
Erscheinungsdatum: | 29.03.2011 |
Gewicht: | 0,519 kg |