Sell and Sell Short
The New Sell and Sell Short 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. It examines one of the most overlooked aspects of trading and reveals how you can protect and profit from your trades by exiting them the right way. 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, Dr. Alexander Elder provides an extensive study guide to help readers master the material prior to trading. Elder also shares real-world examples that show how to manage your positions by adjusting your exit points as a trade unfolds.
The New Sell and Sell Short, Second Edition:
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
Table of Contents
Introduction
Part One. Psychology, Risk Management, and Record-Keeping
Chapter 1. On Buying
Chapter 2. Trading Psychology and Risk Management
Chapter 3. On Keeping Records
Part Two. How to Sell
Chapter 4. Selling at a Target
Chapter 5. Selling on a Stop
Chapter 6. Selling "Engine Noise"
Part Three. How to Sell Short
Chapter 7. Shorting Stocks
Chapter 8. Shorting Non-Equity Instruments
Part Four. Lessons on the Bear Market