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Trade Your Way to Wealth:

Earn Big Profits with No-Risk, Low-Risk, and Measured-Risk Strategies (Google eBook)
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John Wiley & Sons, Jan 4, 2011 - Business & Economics - 204 pages
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.
  

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Contents

WHY TRADE
NOW YOU CAN CREATE YOUR OWN ROAD MAP TO FINANCIAL SUCCESS
HOW I CHANGED CAREERS AND LEARNED HOW TO TRADE FOR A LIVING
SUCCESS WORKING A COUPLE OF HOURS A DAY
THE ZERORISK TRADE MAY BE FOR YOU
SUMMARY
HAVE A BUSINESS PLAN
ELEMENTS OF A TRADING PLAN
TAXABLE INCOME STREAMS FROM CLOSEDEND FUNDS
SUMMARY
WHAT ARE ETFS?
A WORD OF CAUTION ABOUT LIQUIDITY
CHOOSING A BROKER
EXPLORING AND EXPLOITING CHARTS AND CHARTING SERVICES
FURTHERING YOUR EDUCATION
MAINTAINING DISCIPLINE

YOUR PLAN IS ALWAYS A WORK IN PROGRESS
CONTINUE YOUR INVESTING EDUCATION
DEFINING THE KEY TERMS
HOW PUTS ARE USED
PROTECTIVE PUTS
CHOOSE THE TERM PREMIUM AND DEDUCTIBLE THAT SUITS YOU
DIRECTIONAL PUTS
SELLING NAKED PUTS
LOWRISK TRADES
SUMMARY
DIRECTIONAL CALLS
LEAPS
INSURANCE FOR SHORT SALES
WRITING COVERED CALLS
WRITING COVERED CALLS AGAINST OPTION POSITIONS
SELLING NAKED CALLS
CASH IN ON A DOWNWARD MOVE
SUMMARY
COLLARS
IRON CONDOR
VOLATILITY
SUMMARY
OPENEND VS CLOSEDEND FUNDS
TRADING CLOSEDEND FUNDS FOR TAXFREE INCOME
USING COMMON SENSE
HELPFUL INDICATORS
MY TRADING CREDO
DOS AND DONTS
CONCLUSION
THE COLLAR
BUYING STOCK WITH PROTECTIVE PUTS
CREDIT SPREADS
DEBIT SPREADS
IRON CONDOR
BUYING CALLS
BUYING PUTS
BUYING STOCK
SELLING STOCK SHORT
SELLING NAKED PUTS
BUYING ETFs REITs AND CLOSEDEND FUNDS
SUMMARY
FEDERAL TAX FREE
DOUBLE TAX FREE FEDERAL AND STATE
INSURED
TAXABLE WITH HIGH INTEREST
OVERALL MARKETS
FOREIGN EQUITIES
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About the author (2011)

Bill Kraft practiced law for more than thirty years before embarking on a second career as a trader. As he became proficient at trading, Kraft began helping others to trade, which eventually led him to create a seminar company, Cutloss, Inc., and to write about trading. Kraft is Editor of three online newsletters: Under $10 Trader, Option Trader, and Trend Trader, which are published by MarketFN.com, and a weekly newsletter alert, which is sent to about 75,000 people.

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