Trade Like a Pro : 15 High-Profit Trading Strategies

Financial markets have changed dramatically over the last few years, but there are still opportunities available within them. And while there are no shortcuts to trading success, you can improve your chances if you learn how to Trade Like a Pro. Nobody understands this better than author Noble DraKoln, and with this timely guide, he ll help you look at trading through the eyes of a professional and show you how to carve out your own path in the markets with a set of strategies that will allow you to grow and preserve capital. Written with the serious trader in mind, this book skillfully shows you how to: construct trades that carefully incorporate spot, futures, and options together; diminish your risk profile and maximize profit potential; determine the risk/reward of staying in a trade; and much more. Divided into three comprehensive parts, this reliable resource opens with a detailed discussion of what it takes to transition from the mindset of a retail trader to that of a professional trader. You ll gain valuable insights into the motivation, financial savvy, and psychological differences between professional and retail traders, and become well equipped to deal with today s dynamic markets. After this informative introduction, Parts Two and Three of Trade Like a Pro outline fifteen different high profit, low risk trading strategies. Nine basic strategies, which were initially introduced in DraKoln s previous book, Winning the Trading Game, are now analyzed in more depth, and six advanced risk management strategies—meant to build upon the knowledge that you gain here—are also covered. Included among the strategies are: Using options as a stop or as a risk management tool Creating synthetic options to minimize transaction costs Using straddles and strangles to trade news events Using collars to create limited loss/defined profit scenarios Using spreads to take advantage of seasonal tendencies Along the way, you ll also learn how to combine certain strategies to improve your odds of success. Trading is a difficult endeavor and requires a set plan built around proven strategies, discipline, and intelligent decisions. With Trade Like a Pro as your guide, you ll quickly discover how to create a plan that will allow you to manage risk and capture profits in almost any market.