Books about exit strategies

[ggbal]

There are tons of books about the setup and entry point. Among of them, some books discussed about protective stop. But very few book has talked about exit strategies. Any of you can recommend books which not only describe the set up and entry but also specific exit strategies (not discretionary)?

 

[nkhoi]

you are in luck, email a request for NY expo 'exit method seminar' pdf file by Chuck Lebeau to clebeau2@cox.net

 

[wally_]

Quote from ggbal:

There are tons of books about the setup and entry point. Among of them, some books discussed about protective stop. But very few book has talked about exit strategies.

This is one more evidence that my statement that 'every fool can enter a trade but it takes a wise man to exit it' is correct. Most books indeed talk about entries and setups, but only the few really good ones give you the rules of how to exit.

 

[gary]

What kind of trading are you doing. Scalping daytrading swing???

 

[nitro]

Quote from wally_:



This is one more evidence that my statement that 'every fool can enter a trade but it takes a wise man to exit it' is correct. Most books indeed talk about entries and setups, but only the few really good ones give you the rules of how to exit.

You keep touting this crap as if it were a Physical Constant of the Universe or something.

Look, I can safely tell you - all of _my_ exits are AUTOMATIC from the point I enter a trade. Entering a trade is significantly harder for _me_ than exiting it. Las time I checked I was not a fool or a moron.

It may be more prudent of other peoples experience for you to say, "In my experience it has been shown repeatedly that exiting trades is considerably harder than entering a trade."

nitro

 

[ggbal]

Quote from gary:

What kind of trading are you doing. Scalping daytrading swing???

I am doing inter-term in one account and swing trade in another account.

 

[Bankedout]

http://www.amazon.com/exec/obidos/t...8199-9963023?v=glance&s=books#product-details

Might be worth looking into a bit.

Banker

 

[Kermit]

Quote from ggbal:

There are tons of books about the setup and entry point. Among of them, some books discussed about protective stop. But very few book has talked about exit strategies. Any of you can recommend books which not only describe the set up and entry but also specific exit strategies (not discretionary)?

ggbal:

I recall that in Van K. Tharp’s “Trade Your Way To Financial Freedom” book © 1999, there contained a chapter on How To Take Profits where he talked about various exit strategies including: Timed Stops, Trailing Stops (TS), Moving Average TS, Price Retracement TS, Parabolic Stops, Profit Retracement Exit, Profit Objectives, and Volatility exit.

Kermit

 

[skeptic123]

Here is quite an exit strategy book:


"Final Exit: The Practicalities of Self-Deliverance and Assisted Sucide for the Dying"
http://www.amazon.com/exec/obidos/A...7090041/sr=2-1/ref=sr_2_1/002-7900030-9543245


Just kidding

 

[wally_]

Quote from nitro:


You keep touting this crap as if it were a Physical Constant of the Universe or something.

Look, I can safely tell you - all of _my_ exits are AUTOMATIC from the point I enter a trade. Entering a trade is significantly harder for _me_ than exiting it. Las time I checked I was not a fool or a moron.

It may be more prudent of other peoples experience for you to say, "In my experience it has been shown repeatedly that exiting trades is considerably harder than entering a trade."

nitro

I don't think that you are a fool or moron, but you definitely have some problem accepting other opinions. This is what this board is about, expressing opinions, in case you did not notice that yet.

Plus, this thing has nothing to do with you personally, that's just a general statement that is meant to say that it's easier to enter than to exit in my opinion. Do I need to make it sound politically correct so that you are happy?