Save your money don't buy Entries & Exits : Visits to 16 Trading Rooms by Alexander Elder. You will not regret buying it. Because it is an extended informecial for his trading seminars and chat rooms.
Alexander Elder gained his fame with the book Trading for a Living: Psychology, Trading Tactics, Money Management which had some useful trading concepts. Rest of all his book are attempts at milking the fame achieved from that book. This latest book is a high priced junk to attract more people to his trading chat room and seminar.
The book interviews 16 traders and looks at their entry, exit and trading methodologies. Elder adds expert comments to their own methods and offers some suggestion. The problem is all the featured traders are teachers at his chat room, or ex students. There is no performance criteria for selecting them. Most of them going by the interviews have still been struggling with their trading. The entry methods in most cases look similar, why because they are all followers of Elder and their methodologies are copycats of his methodologies. There is hardly anything new or insightful in these interviews. In case you are dumb there is also a very high priced guide
If this book is so bad why the reviews on Amazon so good? Because Amazon allows authors to edit the reviews and if you post negative reviews they just delete it.As someone on Amazon forum has said it correctly
If Elder knows so much why doesn't he stop writing expensive books and go trade and keep his mouth shut. I think there is more money to be made in trading camps, books, seminars and webinars than in trading!!
Don't waste your money on this high priced junk.
No comments:
Post a Comment