DESCRIPTION

(From The Jacket) - 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/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.

TABLE OF CONTENTS

Part 1: Designing The Trade

• Chapter 1 - From Retail Trader To Professional Trader
• Chapter 2 - Markets And Margin
• Chapter 3 - Some Essentials Of Trading

Part 2: Basic Strategies

• Chapter 4 - Holding The Bull And The Bear By The Tails
• Chapter 5 - Precision Trading At Its Finest
• Chapter 6 - Trading With Hard Stops
• Chapter 7 - The Markets On A Leash
• Chapter 8 - Replacing Traditional Options With Synthetic Options
• Chapter 9 - Everything In Its Season
• Chapter 10 - Gunning For Premiums With Covered Options
• Chapter 11 - Outflanking The Market

Part 3: Advanced Strategies

• Chapter 12 - Exposing Yourself To Loss
• Chapter 13 - Advanced Option Selling Strategies
• Chapter 14 - Retreat, Recovery, Opportunity
• Chapter 15 - Analyzing Charts And Strategies
• Chapter 16 - Applying These Strategies With Stocks