Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition
Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition
After a sell out first and second edition, Dr. Samir Elias added significant new material to the third edition – the main focus of which is making money in multiple ways. You can make money by purely trading stocks using numerous combinations of technical indicators described in several chapters and supported by practical market examples. You can also make money by raising cash on your long term holdings using effective and simple option strategies. In addition, you can make money by increasing your return on profitable trades while significantly reducing losses on unprofitable ones by using risk control strategies described in a special chapter. Learn also how to find stocks that have the potential to deliver explosive profits by incorporating ideas from the author’s own stock scanning system that is presented in the book. Make the most of your trades by using specific techniques to determine the approximate best exit time and price using methods in the book applied in detail to the author’s own trades. Whatever kind of trader you may be, this book will show you practical ways to increase your profits. If you are a swing trader, you can use candlestick charts combined with two specific technical signals to enter profitable trades. If you are an intermediate term trader, you can use profitable chart patterns described in one of the chapters in combination with technical signals to increase your return. Long term investors can use CD charts described in an especially dedicated chapter to determine the long term direction of a stock as well as entry and exit points.
Rating: 
(out of 47 reviews)
List Price: $ 59.95
Price: $ 39.99
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Review by Allen Morrison for Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition
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I have been making a living exclusively trading stocks and options for several years so I am what you would consider an experienced trader. While it is true that most traders lose money, the ones that are successful make a nice living at it. In my opinion the reason why most fail is that they follow the herd and refuse to change their style.
This is where this book comes in; many of the techniques are innovative and different in addition to the fact that they work.
To give one example is a contrarian approach employing sentiment and price movement to profit on low priced stocks without buying them or spending any of your own cash. Using a simple twist on this strategy, the author shows you how to recover losses of more than 50%, this alone is a worthwhile reason to read this book. The new techniques in the latter chapters of the book made me a sizable profit on xmsr, amr,ntes,askj, and several others in the last few months.
Of course, it is a personal choice whether one keeps doing the same thing and getting the usual results or they open their mind to new concepts and reap their benefits. I chose the latter .
Review by Kevin Hammond for Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition
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I was able to triple my trading account in the past 18 months with this book. Although, I did own the first and second editions, it is the third edition that gave me these remarkable results. How did I do this? I followed the stepwise procedure below:
(1) I programmed the scan suggested by the author on pages 357-383 into my stock scanning software to find long trades reversing from a bottom. I also adapted the scan to search for short trades reversing from a top. This is quite easy to do by reversing the stated conditions.
(2) I used the market timing indicator discussed on pages 179-185 to decide whether the general market is turning up or down. The indicators in the book are best used to detect an inflection point in the market which is critical to catch moves early in the trend.
A down signal was given by this indicator in Nov 2007.
(3) When the general market is turning up I run the scan that searches for long trades. I focused only on two high profit setups discussed in the book: VPV reversal and the highly profitable falling rectangle. My reason for focusing on these setups is that not only they have high profit potential, they get you in early in the trend thus reducing the possibility of being stopped out of the trade and keeping drawdown at a minimum.
While VPV reversals are not hard to find, the highly explosive falling rectangles do not come by more than few times a year , but once you find them you can get profits upwards of 50% in a short time.
(4) If the general market is turning down I ran the scan that searched for stocks to short. In this case, however I looked for a rising rectangle pattern which is essentially the opposite of afalling rectangle. I also required that the break below the rectangle be accompanied by a volume spike. Knowing that markets and stocks fall much faster than they rise I would buy puts on the stock at the next strike below the current price. Once that strike price is reached and if the downtrend is still intact I will sell the puts I hold and buy puts at a lower strike and so on.
To show the explosive profits you can get using this technique, I will give a specific example: On 8/21/08 my short search program identified JDSU as a stock falling with a heavy volume spike. On examining the chart a break below a rising rectangle was evident. By buying $7.5 puts when the stock was at $10+ and then selling them when the stock hit $7.5 and buying $5 strike puts and so on until the stock hit $2.5 , my small investment grew by 20 times.
I have taken the advice of the author in my trading “to specialize in specific setups and get good at them to the point where they can be recognized by a glance at the chart”.
I waited this long before writing the review since I had read many reviews and even written reviews myself on books without addressing the critical question: did the reviewer make money with ideas in the book. In most cases it is difficult to answer that question, however is this case it was possible since I followed a specific approach suggested in the book and it worked.
My actual rating for the book though is slightly shy of 5 (around 4.75) stars mainly because the author does not discuss record keeping in detail. He touches on psychology and does discuss money management and risk control by setting stops out of congestion areas, so you do not get run over by market makers and using specific option strategies to control risk.
I do not believe this is a major drawback since there are many books that discuss trading psychology and record keeping.
A personal note regarding trading psychology: When I was not doing so well trading I started reading books that focus mainly on trading psychology , record keeping , followed their advice and got little improvements.
However , a successful trading system changed my psychology by making me more confident, and thus willing to pull the trigger when I see a setup that falls within my specialty. Since most trades were profitable it was easy to cut losses on the ones that were not, thus following the saying cut your losses and let profits run was much easier to do.
Review by Wallace McGinty for Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition
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Mr. Elias’ style suits me perfectly. Lots of case studies (with the pictures to follow), a sound reason behind each technique, and and upfront Professor style to the communication. I have not seen the techniques presented in this book in any other publication I have studied. The fundamental items, yes, the way they are strung together, no.
This book in coordination with options basics (or books like Options Made Easy) can get you started in no time. Definitely worth the read, just make sure to mark or take notes as you go, because it is STUFFED with great information.
Review by Eugene Yeager for Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition
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I have read books by so called “traders” who derive more of their income from seminars,trading camps and books than from actual trading. It is refreshing to finally read a book written by a person who actually trades for a living.
When I lived in the Midwest and before moving to my current location, I belonged to a local trade group run by the author. I had the fortune of meeting the author at the chamber of commerce gatherings in the area. Inevitably we talked about areas of common interest one of which was trading. He invited me to join a small trade group of around 50 traders he leads in the local area. I was a member of the group for few short months and saw traders including myself make profits upward of $5000 per week using methods many of which are detailed in this book.
After I moved, I continued implementing strategies I learned in the trade group and others from the book. Although my results are not as good as when I was an active member of the group, I am now able to make a very comfortable living trading full time.
Since the trade group is only open to few local traders and the book is limited in availability, I am not trying to promote either. My purpose in writing this review is to bring to fellow traders a hard to find trading book that has brought me much closer to becoming a very profitable professional trader than any other I read.
Review by Czytanka for Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition
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I have traded futures contracts, stocks, and options. If you have experience in option trading reading this book will blow your mind. These techniques should be common knowledge to anyone that have done option or stock trading, but it was not in my case. If you do not know how to trade options this book may be confusing. If you first read up on options on the CBOE (they have a lot of info) then buy this book.
Yes it is out of print, but if you can get it, get it. The author has a web site [...] and is supposed to have the book for sale, but he has not answered my email (yet). He is probably too busy counting his money or sitting on the beach somewhere.
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