Alexander Elder 
Study Guide for Entries and Exits 
Visits to 16 Trading Rooms, Study Guide

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.

Table of Content

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

About the author

DR. ALEXANDER ELDER is a professional trader, a teacher of traders, and a practicing psychiatrist. He is the founder of elder.com, an educational firm for traders worldwide. Dr. Elder is the author of two international bestsellers, Trading for a Living and Come Into My Trading Room (and their companion study guides), both published by Wiley. He is an avid traveler, as chronicled in his book Straying from the Flock: Travels in New Zealand (Wiley).