The first book on trading I read was "Trading For a Living". I was a novice trader and I was thrilled to read the book. Indeed, I gave it a rave review here on Amazon. Subsequently, I bought two more of AE's books, the last one being this one. After reading this book I realized that AE didn't really add much to what he stated in his first book (or the second one). In addition, most of the "traders" were using AE's methodology. In some ways the book was an advertisement of his software as well (which I also bought and consider it totally ineffective and useless). Here are some of the major problems with this book:

1. Rehashes the same info over and over again. Multiple traders plug AE's methods which are mostly amateurish.
2. Never really delves into any of the more commonly-used concepts of EW.
3. Relies on a few indicators (mainly MACD) over and over again. Fails to mention that such indicators only work under specific market conditions. In sum, the keyword is "simplistic". I really don't see how anybody can consistently make money trading using AE's methods.
4. Compared to gurus such as as guys on [....] the info in this book is very superficial and trivial. One certainly CANNOT make any type of living based on info contained within the covers of this book.

While the book is unecessarily glossy and pretty, the content itself is just as impressive. Finally, I get to see what other traders are doing inside their trading rats' nests. What I liked most was that each trader's platform was provided, as this was a big decision for me to make: what kind of software to purchase, subscribe to, etc. I ended up using a platform provided by a broker of which none of the traders inside this book used, but, nontheless, it was a great insight to have.

As usual, the book is written very well. Dr. Elder's maxim that the written word is an extension of thought holds true in this book as it does in his other books.

All in all, I enjoyed it very much. I didn't care too much for the forex traders or the programmer guy who mechanically trades, but the insight was priceless. Recommended.

Finally, to see real trades -- winners and losers -- from people who trade for a living. I also like that Dr. Elder outlines his approach as well. Definitely recommend this for new traders -- but, after you've read all the other basic books and done several trades of your own. The book will be of more value if you have some idea of what you're looking at.

This is just another great book of the author, Alexander Elder. I recommend the book to both experienced and inexperienced traders.

By the way, the author's "Come Into My Trading Room" is one of my favorite books on trading.

For a low-tech investor who does not spend hours at the computer screen, like me, there was much of value to be found in this book. Like all of Elder's books, it presented sufficient detail to be useful. I found the feature of including software and other sources of information used by the traders to be of particular value. While, of course, a number of approaches were not relevant to my needs, some were extremely interesting, even revelatory. Highly recommended.

Dr.Alexander Elder is probably one of the best traders around. But most certainly the best teacher to write about this subject. It's amazing how he relates all different kinds of real situations in the stock market with so many interesting examples in real life. Everything is easier with with the charts we are able to follow.
Even keeping this book for the rest of your life, you will probably want to read some other good ones. He has also taken care of that. All the 16 traders suggested their favorite books. And that's the kind of people you will look for when you want to tips about another buy.
Can't wait for Entries & Exits 2 !!!!!

I got this book before i got the previous one (Come into my trading room). This book uses real trades from various traders highlighting a good and a bad trade each. It makes for very easy reading and also gives us an idea of what the trader was thinking when placing the trade. Through beautiful color charts and notes, the author explains why it is a good trade or otherwise. If you like to learn from examples with charts, it can't get any better than this.

OK book, easy to read with some interesting points on psychology, but a little expensive for what it is. I love Dr. Elder's work, though. If you don't have it, I would recommend his "Trading For A Living", which is far superior, and a must have for any trader.

Another fine effort from Dr Elder. I first picked up Dr Elders 'Come Into My Trading Room' and worked my way forward to this book and then back to 'Trading for a Living'. I would still rate 'Come Into My Trading Room' as the best book he has written yet, and along with Stan Weinstein's 'Secrets for Profiting in Bull & Bear markets' these two titles are guaranteed to short circuit the learning process for all novice to intermediate traders.

Dr Elder's earlier books introduced us to his 'Impulse System'. By doing this he is the first author/trader I have come across willing to go into this much detail about their personal trading methods. The section on 'Money Management' in 'Come Into My Trading Room' is an absolute eye opener, but what ultimately did it for my was the level of detail regarding the fine points of entry and exit and how they specifically relate back to the money management in terms of risk to reward via the setting of stop losses and profit targets, which is nothing new, but the finer points of when is best to exit and enter are examined in detail.

'Come Into My Trading Room' covered these points in great detail so it is logical that he should continue this theme with a book dedicated to the point.

The book moves chapter to chapter with an interview with a different trader, examining 2 of their trades - one winner and one loser - and then comparing against Dr Elders own analysis of the trades. It is true that many of the people interviewed are either students or associates of Dr Elders, but I think this is largely irrelevant. I say this because each of the people traded are trading for a living, they are not amateurs. The frank interviews with each of them demonstrate their thoughts and feelings and self-criticisms showing us how the professional trader strives for constant improvement. It is also great to see how many of them have altered the impulse system in different ways to suit their own trading personalities, something Dr Elder promotes in all his books.

Highlights for me were the chapters talking to Sherri Haskell for her high returns, dedication & strive for perfection, Dr Diane Buffalin for her views on options which I have struggled with myself but mostly Gerald Appel for showing us a ridiculously bad trade can be still be made today by the same man who invented the MACD!

Many different styles are discussed here from the stock standard discretionary trader to a man who has invented his own indicator, to system traders; system trading being something that Dr Elder has made clear in his books is not his personal cup of tea.

Buy it and read it as well as 'Come Into My Trading Room' because even if you don't learn anything, which is doubtful, it's still an entertaining read. Personally I would like to see a book such as this become a running series.

The author is interviewing 16 traders and looking at one entry and one exit that they've made. Then the author presents his analysis of the trader.

Some of the traders are more interesting than others and the book could have been better if the traders had been chosen a bit more carefully. The authors comments about the trade gets a bit tedious. (Unless, I suppose, you are very familiar with the author and for some reason would like him to respond to specific examples.)

Very good is that the traders each have a recommended reading list.

The book kind of reads like a textbook (study questions, boxes, etc). Personally I do not appreciate this approach at all. And like a textbook don't expect anything really novel.

The book is beautifully bound and doesn't have the grey toilet paper look that so many of John Wiley books have. Nice white paper and colourful charts.

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.

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.

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.

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.

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.

This is definitely one of the better books on subject out there and is definitely worth its price. I was quite surprised to discover that one of
the interviewed traders developed almost identical system to one of my own. (he called it "active boundaries", i called mine "hidden distribution" since we can't know at which price each particular share was bought but can only approximate it). apparently he traded this system. i didn't, since the problem of not knowing in which timeframe the buyer of the particular share is operating seemed to serious to me. timeframe affects your priceexpectations, your profit target. still i was very curious about Pascal's comments. but even if you don't find anyone there whose style or system is similar to yours the book is extremely useful for rounding your trading knowledge.

A good follow-on read to his Come Into my Trading Room.
It's interesting to hear about the various everyday people who manage to trade for a living. Good detailed trade examples which give up more on re-reading.

i expected something more interesting from alexander elder. Most of the traders are still new to the trade with no track record to speak of. Their only qualification is that they all seem to be ex students of alexander elder.

there is nothing worthwhile in the book either for the professional or new comer. totally disappointing.

I have read Elder's other books and was looking forward to reading this one. Unfortunately, Entries and Exits, does not rise to the standards Elder set with his other books. I can honestly say, "read his first two books,but,skip this one" Sorry Dr. Elder.

Received great education from Dr. Elder again! Unlike many other books on trading which are repetitive, every word of Dr. Elder's every book is valuable, not a single wasted or repetitive. They're all worth their every page, every paragraph and every word.
Highly recommended for those who are looking for trading methods.

Dr. Elder-

This morning I finished my second reading of Entries and Exits, and just wanted to thank you for your continued insight. I have been a long time follower of yours since 1994 when I came across Trading For A Living at the local Barnes and Noble. I was also one of the first to buy Come Into My Trading Room, as you wrote when you signed it. We also talked on the phone a couple times back in '94 when I was struggling getting started . My trading life has had ups and downs as I have traded successfully for 1-3 years at a time, and then had to return to the corporate world. I took the whole year of 2006 off from trading, but have returned this year with renewed determination.

My biggest revelation was the fact that when I started trading for a living in 1993, I started with the most difficult trading instruments, options. When that failed, I moved onto futures. This year for the first time, I decided just to see if could trade the least leveraged instruments, stocks. I have had a good run this year with stocks as it is easier to take losses where you should when they aren't $1500-$2500 as they were when I was trading the small NASDAQ.

Anyway, keep up the good writing, and I hope there is a sequel to Entries and Exits.

Trading books tend to get boring at some point: psychology, technical analysis, money management, or methods. I had no problem reading this one through cover to cover. Anyone who has ever traded with their own money soon comes to realize the importance of these two points in any trade: when you pull the trigger to enter and when you pull the rip-cord to exit.
"Entries & Exits" will not give the details that new traders crave to develope their virtual-cash-cow trading machine, but it is the next best thing to a $6,000 to $20,000 mentorship available on the market today. The reader gets to look over the shoulder of 16 very different traders and not only see some of their "three Ms" (Mind. Money, Methods) but also get to see just whom they are competing against in the markets. Some of these traders you will probably not like because they seem to live in a different world than you. Others you will think could be your next best friend. All of them, however, could well be on the other side of the next trade you make. It's a good principle to know your competition.
This book could be your next best investment especially if you harbor any secret desires to trade fulltime.

It would cost you several hundred dollars to buy the priviledge of watching-over-the-shoulder of an experienced trader as he conducted real-life trades. Novice traders pay such fees to gain the experiences that will save them tens of thousands of dollars in their own trades. "Entries and Exits" allows you such over-the-shoulder experience with world-class traders (not just their best trades, but their worst as well) at less than a tenth of the cost for pay-as-you-go trading rooms. This book goes into great detail, perhaps using different trading systems (and charts) than you have been schooled in, but it provides valuable experience that could save you many thousands of dollars.

Sorry, this book is a huge disappointment. Very little is learned about trade entries and trade exits from the 16 interviews conducted for this book. I'm afraid this reeks of marketing. The only entries and exits that this book can describe are apparently the 16 entries and exits the good doctor made coming and going to these trading rooms. This book is simply not for those traders hoping to garner new trade techniques from other professionals. I suggest anyone expecting that to look elsewhere.

I have read Dr. Elder's other two books, and find his latest text, like his others, to be among the finest books on trading available.

I trade for a living and found his first book some time ago while recovering from a string of painful lessons. What I had been learning on my own the hard way was there in black and white. I wish I had read Dr. Elder's books first.

This new book puts Elder's trading rules to the test. We get to visit the trading strategies of 16 different people, analyzing their real trades. After the trader explains the trade and the mindset behind it, we get to see whether it won or lost. Elder then comments on the trade using his personal trading strategy.

One of the most powerful elements of this book is that Elder makes no effort to "control" the presentation strategies presented by the 16 traders. A number of them trade in manners quite different to those of Dr. Elder, and are successful in their methods. The result is similar to a 400 level "university class in a box", complete with discussion, differing opinions, deep thought, and plenty of learning for everyone.

Finally, the quality of this book is absolutely superb. The pages are high gloss, and filled with colour charts. My only complaint, and a silly one at that, is that the book is "too nice" - I don't want to fill it with highlighter like I did his other books. The study guide was not so lucky to escape unscathed.

You will not be disappointed with Elder's books.

Dr. Elder's books are best of breed. He doesn't peddle dreams. He tells you straight-up exactly what you are up against in becoming a successful trader. He defines in depth realistic objectives and methods. #1: how to keep good records to learn from mistakes #2: how to limit risk through inviolable money mgmt. rules #3: how find the trading style that suits your personality.

Sound like "eat at your spinach"? Well, spinach is good for you. Whereas Come Into my Trading Room" taught you Elder's style in depth (#1 and #2) Entries and Exits puts Elder's approach into the context of 16 trading rooms, where individual styles have evolved. This helps you with #3. Entries and Exits is FUN because the traders profiled are from several countries. Some are pros with large accounts. Some are serious private traders with small accounts.

In each chapter, Elder asked the trader profiled to examine one trade that worked, and one that didn't. You see the trader's own analysis, and then Elder's. Think about that: Elder wants you to analyze 16 styles, good trades and bad, his view and trader's view. He's not peddling dreams. He's helping you work through the process of becoming your own best trader. Ultimately, you're not trading markets, you're trading yourself: your appetites for reward and for risk, your level of patience, your mentality.

Disclosure: In January, after several years of studying Dr. Elder's books, I attended his "Traders' Camp" in the Caribbean. He brought a second (excellent) instructor with quite a different style. Several sessions were the "David and Alex Show" -- dialogue in analyzing a series of trades. 26 "campers" attended, who had been born in 13 countries -- kind of like Entries and Exits brought to life.

Entries & Exits is slower going than My Trading Room, because you go deep into each trade. I've read it twice. It's work, but enjoyable and satisfying work.

The more I have seen of Dr. Elder as a teacher, the more I have benefited. His work exudes integrity, honesty, and realism. When you're taking on a treacherous challenge, these are the qualities you want in your teacher.

Dr. Elder's books are best of breed. He doesn't peddle dreams. He tells you straight-up exactly what you are up against in becoming a successful trader. He defines in depth realistic objectives and methods. #1: how to keep good records to learn from mistakes #2: how to limit risk through inviolable money mgmt. rules #3: how find the trading style that suits your personality.

Sound like "eat at your spinach"? Well, spinach is good for you. Whereas Come Into my Trading Room" taught you Elder's style in depth (#1 and #2) Entries and Exits puts Elder's approach into the context of 16 trading rooms, where individual styles have evolved. This helps you with #3. Entries and Exits is FUN because the traders profiled are from several countries. Some are pros with large accounts. Some are serious private traders with small accounts.

In each chapter, Elder asked the trader profiled to examine one trade that worked, and one that didn't. You see the trader's own analysis, and then Elder's. Think about that: Elder wants you to analyze 16 styles, good trades and bad, his view and trader's view. He's not peddling dreams. He's helping you work through the process of becoming your own best trader. Ultimately, you're not trading markets, you're trading yourself: your appetites for reward and for risk, your level of patience, your mentality.

Disclosure: In January, after several years of studying Dr. Elder's books, I attended his "Traders' Camp" in the Caribbean. He brought a second (excellent) instructor with quite a different style. Several sessions were the "David and Alex Show" -- dialogue in analyzing a series of trades. 26 "campers" attended, who had been born in 13 countries -- kind of like Entries and Exits brought to life.

Entries & Exits is slower going than My Trading Room, because you go deep into each trade. I've read it twice. It's work, but enjoyable and satisfying work.

The more I have seen of Dr. Elder as a teacher, the more I have benefited. His work exudes integrity, honesty, and realism. When you're taking on a treacherous challenge, these are the qualities you want in your teacher.

Didnt get a lot out of it. His other 2 books are much better in my opinion. The book just shows several traders and their trading styles. It is a good book for entertainment but it didnt really show much beyond what was already covered in his previous books.

This another great book from Alexander Elder. This book clearly demonstrates the principles outlined is this other books. But, like he has explained, do not expect a secret equation or formula, but understand yourself and the art of trading, like all recovering alcoholics should.

Once again I believe Dr. Elder has written a book that could become a trading classic. I have read 60 books on trading and Dr. Elder is heads and shoulders above the other authors in his trading philosophy and his ability to communicate in a clear manner.
I would highly recommend purchasing this book along with his other books. This book really brings his principles of trading alive with real life examples of real traders making real winning and losing trades. Also the traders share some of their trading tactics. It is a great mix of traders and techniques. The beauty of this book is that these are people who REALLY trade for a living instead of vendors of trading materials or philosophies from writers or teachers. This book is large with glossy paper and full color charts for all trades displaying different indicators. There is not room here to go into all that I learned from this book so I will leave you with some of Dr. Elder's key principles:
1. Do not put more than 2% of your total capital at risk on any one trade.
2. Do not have more than 6% of your total capital at risk at any one time.
3. Keep your charts simple, two moving averages, an envelope, MACD lines and histogram with the Force index is enough.
4. Keep very good records for every trade along with its charts.
5. Develop your own method that you are comfortable with that gives you an edge in the markets.
6. You must do your homework to succeed, trading is a profession like any other, there is no easy money here.
7. You must love trading to be successful at it.
8. You need the support of your spouse to be successful.
9. Start trading a small size and build up your tolerance to risk.
10. Make a commitment of time, and stick to it.

I am a professional trader and I will tell you categorically this is amateur hour at it's worst. Think American Idol tryouts.

I have read this book 3 times and I can honestly say it is the best I have come upon so far.

It is not for the beginner though. You need to have a clear understanding of technical charting to follow this read.

What it did for me is eliminate the clutter as to what tools you need as well as diverging philosophies from unique traders. The stress placed on money management and the common sense of many of the traders Dr. Elder sites are priceless.

Learn technical analysis then buy this book. You won't need anything else in my opinion.

I have read and re-read Dr. Elder's books for years and Entries & Exits is a very practical application of his methodology. Using other trader's trades as examples, his analysis of whether he would take the trade is invaluable in itself because it allows one to enter his mind as a professional. Having been a trader for the last several years, I highly recommend this book as it demonstrates in a tangible way how Dr. Elder's methodology works. For those of you in a fog as to how to go about trading, this book shows how its done. Of course I would recommend you read his previous books if you want to fully comprehend what is going on in this one.

Reading this book and working through its charts I felt like a secret observer, following Dr Elder as he visited and interviewed his trader friends here and abroad. I especially liked the feature where each trader showed two trades and I had to figure out which of the two will make or lose money.

Trading stocks is often a confusing, frustrating activity done in isolation. No one brings clarity, order and community to this activity as well as Dr. Alex Elder. His books, his approach, and his efforts to create connections among people mirror his generosity of intellect and spirit. Like his other books, Entries and Exits: Visits to Sixteen Trading Rooms is penetrating and insightful, offering the reader a clear look at how others have survived and prospered. Through the interviews with 16 successful traders, we uncover many remarkable gems from other traders.
The information in Entries and Exits is practical and useful. One can include the ideas immediately into his or her trading or market approach. There is enormous wisdom here for traders of every level of experience and skill, and I highly recommend it to those who venture into the world's financial markets

I have read so many trading books that it is difficult for a new one to make my list of favorites, yet Entries & Exits made the cut. Reading about the various methods, markets and trading approachs really opened my eyes to many different possibilities. In addition, learning about how each of these traders evolved was very eye opening.

One of the unique features of this book is how the author reviews a couple of trades by each trader both successes and failures. For me, it helps to see charts to get it clear in my mind what to look for and what to watch out for.

All in all this is a great book; very educational and fun to read.

The book takes you behind the closed doors of sixteen private traders that were all former students of Elder him self. Very beautiful charts and color pictures. Easy to read and a wealth of information is explained by Elder.

Gives real insight into what it takes to become a full time trader. In the book 16 different traders show you their own style of trading. Each trade is reviewed by the autor for additional insight.

A must have to widen your view of trade possibilities.

Having already stated in my review of the book that Trading for a Living changed my life (and it most certainly did,) I am obviously a fan of Dr. Elder and as such will be steadfastly determined to keep this review from falling victim to hyperbole. Entries and Exits: Visits to Sixteen Trading Rooms is an important and essential addition to any trading library. A novice trader or one of intermediate experience will find almost endless wisdom to be mined here, but there are also many, many gems for seasoned pros. Imagine being able to sit for hours with 16 traders and pick through in detail their philosophy of trading, their most commons errors, the wisdom they have learned from years of markets--bull markets, bear markets, consolidations, doldrums--and being able to view their trading logs and actually re-trade with them their winners and losers. These traders are both full and part-timers. They trade a variety of markets from futures, stocks, currencies, options, ETFs, mutual funds, and commodities. As a trader of currencies and stocks I found every single chapter to be relevant to my trading irrespective of the specific market favored by the trader being interviewed. The traders also use a variety of charts, methods, and indicators.

I was thrilled to see the MACD favored highly as an indicator since it is my personal favorite. For each trader we learn how long they have traded, the approximate amount of money they typically trade, and a fascinating and detailed description of their trading rooms including how their computers are setup and the specific tools they use (i.e. software, books, websites.) My own trading was immediately affected by the chapter which highlights William Doane, a high-dollar trader of stocks who made a very convincing case for watching longer time-frames. The voice of experience does not stammer. I immediately saw the long bases with breakouts that he favors. Another extremely helpful aspect of this book is the emphasis on and the practical, usable treatment given to money management. Any trader must understand the principles of capital preservation or he won't be a trader very long. Dr. Elder is a very careful teacher of this approach and his "rules" have helped me turn potentially devastating losses into smaller losses from which I can easily recover.

I remember when Market Wizards came out how revolutionary it was to have a glimpse into the minds of professional traders. This book goes far beyond that point because each trader gives examples of individual trades from their own records; some of them winners and some of them losers. The reader is invited to view the chart and set up rationale of each of those trades and determine for himself if the trade will make or lose money before going onto the next page to find out how it actually turned out. In every case, Dr. Elder gives commentary and wisdom. The traders tell the specific charting software and trading platform they use. They explain in detail which indicators they favor and why. Imagine the cost and logistics of gathering this hard-won wisdom. Entries and Exits is one of the best trading books I have ever owned. The information is of such a practical and useful nature that it was incorporated into my own trading within minutes of reading it on the page. The book itself, with high quality paper and boards, is beautifully produced. I expect it to last a lifetime.

If you are a trader of financial markets get this book immediately. If you hope to trade for a living, then think of how valuable it would be to spend some hours with 16 traders who have been in the trenches already with Dr. Elder as your guide. Just get it. It is a steal at twice the price.

After purchasing over 25 various titles on stock market trading and having worked with a trading mentor, Entries & Exits has answered my ultimate wishes. This book has answered many ongoing questions I would have posed to a mentor, who was only avail. for a short time. I HIGHLY RECOMMEND this book & study guide, which provide many scenarios/trading tactics in the lives of professional traders. Great for the beginner, even better for the experienced as it can help the reader to take a sincere look at one's self to correct bad trading habits.

Previously, I had read Trading for a living by Dr Elder and loved it.
I had used many of his indicators and trading ideas to design my DreamTai Trading software for selecting and trading stocks.

This book is also a classic. It is just like taking a trip to the trading rooms of different traders while they are trading and looking over their shoulders.
For each trade, Dr Elder presents two charts: before and after.
For the best results, do not turn the page to see the second chart. Study the first chart, decide what you would do if you were in place of that trader (Buy, sell or do nothing) and then turn the page and see what the trader actually did.

Also, Dr. Elder does not give only winning trades.He also shows losing trades. (Even expert traders also have losing Trades)

In sort, BUY this book. You willl not regret it.

Unlike most other trading books "Entries and Exits" shows what happens when the rubber meets the road. Any trader knows that in the real world, things don't always work out as they do in the trade descriptions of most books. Successful trading is the accumulation of probabilities and effectively trading them. Have an edge -- trade that edge. Slippage here, is the difference between success and failure.

One naïve reviewer suggests the people in the book are all trading the same system. Clearly he doesn't understand trading and missed the key point of the book which is that to become a successful trader, you MUST find out what works for YOU, personalize it, and make it yours. Following anyone's system blindly is a recipe for ultimate failure, regardless of how good the system is. This book shows how each person really trades, their room, discipline and daily practices. Elder has laid out real world examples of traders sharing their trading styles, premises, and real records for scrutiny. It helps us as traders look at what they do and don't do, and draw meaningful comparisons to our own trading.

I agree with another reviewer who suggested a novice should start with Elder's classic "Trading for a Living" and work their way to "Entries and Exits". For any experienced trader, "Entries and Exits" is a significant trading book in that it is the only one I know of which celebrates the differences between traders and their particular styles in a coherent framework. If as trader, you want to improve, I recommend this book, not for any particular style of trading, but for the disciplined analysis as it applies to your trades. Most of us will not have access to Elder as a coach or the discipline of a professional trading room, but we can learn what good practices are and see the level of consistency we really operate with by analyzing our own trades in a similar vain.

Just ask when was the last time someone else reviewed your trade journal with you. You do have one of those don't you . . .

This book is a must read for the serious trader. I have been at the amateur level since 1999 and trading semi pro for the last three years. What I enjoy most about Dr. Elders work is it emphasizes the reality that "trading is work". The examples provided by the traders interviewed exemplify the daily grind of trading....NOT the handful of magnificent trades that one has made over the years. If you are looking for a "get rich quick scheme" this book is not for you. If you are serious about trading, this is the reality.

I have read a ton of trading books including all of Dr. Elders. This offers a few things I haven't seen in other books. The premise is pretty simple. Dr. Elder spends time with 16 different professional and semi-professional traders and gives the reader insights into each trader's psychology and technique. Some of the traders focus on stocks, others on futures. Both genders are represented as are people of various ages and nationalities. Readers get the benefit of seeing both winning and losing trades and the traders provide commentary about what they were looking for and expected to happen. In addition, Dr. Elder analyzes the same trades and points out key issues with the trade and the traders commentary. It really opens up the world of trading and many different ways it can be done as a career. There is a great amount of technical information but it is matched with info on psychological pitfalls and real world advice for turning trading into a business. The study guide was also very helpful.

I am an Elder fan having read and re-read Trading For a Living and the Trading Room innumerable times. Elder has a knack in explaining complex topics in a style that is easily understood. I used his previous books to significantly improve my trading, and I am truly living the dream in trading very successfully for a living.

Trading is a journey and learning either from marketplace experiences or from others is a key part in making improvements to your trading style.

ENTRIES and EXITS is a day by day walkthrough of BOTH successful and failed trades from fourteen other people. The way in which the interviews are laid out gives you an idea of the experience and success of each person, their thoughts on trading, and then a step by step insight into the techniques they use to determine whether to buy the stock, how they entered the trade, when they exited and the outcome.

The book has excellent charts with accompanying explanations from those interviewed, as well as from Elder. In addition to the interviews is a Summary of the techniques which you will find in Elder's earlier books.

I have read this book once only and am starting on my second pass to make additional notes of the techniques which I think will improve my trading approach.

This collection of 16 trading rooms is quite unique in that Elder has found people in differing parts of the world, with varying trading techniques, different markets, different levels of investments and with varying degrees of success. I like this approach as IT IS REAL, you feel almost like you are sitting alongside making the decisions.

This book is a MUST for your library if you are serious about trading. Well worth the investment and well done once again to Mr Elder.

Aussie Stock Trader

I highly recommend this book to become a better trader whether a novice or a veteran trader.Dr. Elder interviews 16 traders from around the world ,who show two trades each,a profitable trade and a losing trade.They each discuss their thought process on the trade and also show their charts and how they went about the trade using their own methods and money management.Each trade is followed by an analysis by Dr. Elder. The point of this book as i read it,is that you get to see how other traders make their decisions by record keeping,money management and chart analysis and then for the reader to design their own method and use it for their own trading plan.

Entries & Exits:Visits to 16 Trading Rooms provides poignant vignettes covering the thinking and approach taken by 16 traders when opening or exiting a position. The value of the book is that each trader clearly records his insight, attitudes and trading habits in addition to giving their rationale for making or taking a trade using their own methodology; these are inspirational and have offered more value than the majority of the so called experts - who are promulgating their egos. Elder reinforces his earlier works by giving clear and practical comment on each of the trades using Elder's methodology. This is a traders must have.

I wrote an unbiased review on here that gave the book 2 stars. The review was deleted.

The summary of my previous review is that the premise of the book is brilliant, but the execution is poor. All of the traders interviewed are either Elder's students, or teachers at his trading camp. Essentially, they all trade the same system, and the book reads like promotional material for Elder's trading material.

I'm not sure why my review was deleted. This irritates me greatly. I buy a lot of books on Amazon and depend on other customers to provide neutral views. I'm highly suspicious of all of these 5 star votes given by reviewers who have written no other reviews. Traders, please be skeptical.

The concept of this book is brilliant, but the execution is poor. It's basically a book promoting more of Elder's trading books, systems, and trading camps. All of the traders in the book essentially trade the same system, because they are all Elder's students or camp instructors. It would've been more interesting to see profitable traders using different (even contradicting) concepts so readers can compare and contrast styles while extrapolating the common framework of trading process.

If you want to learn about the process of formulating business strategies, for example, you would want to enter the minds of CEO's from 10 different companies to examine similarities and differences in their process. If they are all execs from 1 company, then the book becomes more about an implementation of a specific strategy, rather than the general process itself. This book is all about Elder the vendor. That is much less interesting to me.


** NOTE to readers **
Please check out all the 5 star reviews. Click on the reviewer to see how many other reviews he or she wrote. If this is the person's only review, I would be highly suspicious of the rating. Many of these reviews sound like marketing pieces. Use your trader instincts and be skeptical. :)

The concept of this book is brilliant, but the execution is poor. It's basically a book promoting more of Elder's trading books, systems, and trading camps. All of the traders in the book essentially trade the same system, because they are all Elder's students or camp instructors. It would've been more interesting to see profitable traders using different (even contradicting) concepts so readers can compare and contrast styles while extrapolating the common framework of trading process.

If you want to learn about the process of formulating business strategies, for example, you would want to enter the minds of CEO's from 10 different companies to examine similarities and differences in their process. If they are all execs from 1 company, then the book becomes more about an implementation of a specific strategy, rather than the general process itself. This book is all about Elder the vendor. That is much less interesting to me.