Study Guide for Entries and Exits

These 101 questions, including twenty-five case studies, will challenge you to master the essential aspects of successful trading. Be sure to work through this companion volume to Entries & Exits: Visits to Sixteen Trading Rooms before you risk a dollar in the markets. Each of the seven chapters in this Study Guide for Entries & Exits—Organization, Psychology, Markets, Trading Tactics, Money Management & Record-Keeping, Case Studies, and Traders Speak—covers a major area of trading. Every chapter includes a rating scale, allowing you to measure your competence level. Now, you can discover and fill dangerous gaps in your knowledge without risking any money. The comments in the back of the book provide detailed explanations of the right and wrong answers to the multiple-choice questions. A large number of those questions and the case histories in this Study Guide were contributed by the traders interviewed in Entries & Exits, combining both books into a single, powerful tool for developing effective trading skills. Use Dr. Elder's Study Guide together with Entries & Exits to learn how to make the most of market opportunities.

How This Book is Organized 1 Part One Questions 3 1 Organization 5 Questions 1–13 2 Psychology 13 Questions 14–26 3 Markets 21 Questions 27–38 4 Trading Tactics 29 Questions 39–58 5 Money Management and Record-Keeping 41 Questions 59–69 6 Case Studies 49 Questions 70–94 7 Traders Speak 87 Questions 95–101 Part Two Answers and Rating Scales 93 1 Organization 95 Answers 1–13 2 Psychology 101 Answers 14–26 3 Markets 107 Answers 27–38 4 Trading Tactics 113 Answers 39–58 5 Money Management and Record-Keeping 123 Answers 59–69 6 Case Studies 129 Answers 70–94 7 Traders Speak 159 Answers 95–101 A Lifetime of Learning and Practice 163 Acknowledgments 165