Trade Your Way to Wealth: Earn Big Profits With No-Risk Low-Risk and Measured-Risk Strategies

About this book

Successful trader and advisor Bill Kraft shows how to trade the financial markets in a way that limits risk and provides the potential for big profits. Kraft who left a successful law practice to become an independent trader explains his own educational process and how he arrived at a trading approach that primarily uses options to generate consistent income limit risk and participate in big market moves. In simple and down-to-earth language Kraft explains a variety of strategies including buying and selling options; covered call writing; collars; using closed end mutual funds for income; debit spreads volatility-based straddles; ratio backspreads; condors; and calendar spreads. Kraft emphasizes that traders need to first develop a sound and reasonable business plan ? in the same manner that any entrepreneur would plan a new business. Armed with the strategies explained in the book and a solid business plan traders will have a blueprint for generating consistent profits in a relatively stress-free and efficient manner.