The latest book from Dr. Alexander Elder, begins with buying, risk management, and record-keeping, but focuses on two essential skills - selling and selling short. There are rules for several different methods of selling and shorting. The book includes over 100 charts which illustrate dozens of trades, many of them from the author's own diary. The book is printed in full color.

Selling is the hard part of trading. If the stock we buy rises, when do we take profits? If our stock falls, when do we bite the bullet and exit the trade? If our stock stagnates, when do we say enough is enough and move on to another opportunity? Every serious trader must make these decisions.

Stocks go down as well as up, but most market participants only go long - effectively throwing out half of their profit opportunities. Sell and Sell Short shows that stocks tend to fall twice as fast as they rise. This provides great opportunities for faster profits in selling short, but calls for different strategies than trading from the long side.

The Study Guide contains 115 questions and answers, including 17 chart studies. Each question challenges you to focus on some essential aspect of successful trading. Answers to the questions provide detailed explanations of why some replies are right and others are wrong. The three parts of this Study Guide cover all the major areas of trading: How to Buy, Manage Money, and Keep Records; How to Sell; How to Sell Short

The book starts with a brief introduction to the fundamentals Dr Elder has been promoting since his first book (how to buy, example setups, psychology and risk management) and then moves to advanced topics (keeping records, where and how to sell, where and how to place stops, how to short and presents a strategy for finding stocks to trade).

All the previous is illustrated with examples from Dr Elder's own diary where you can see how a professional trader executes his trades. Only this point is worth many times the book.

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