Trading Without Gambling: Develop a Game Plan for Ultimate Trading Success: 309 (Wiley Trading) - Hardcover

Link, Marcel

Hardcover

ISBN 10: 0470118741 ISBN 13: 9780470118740

Publisher: Wiley, 2008

Synopsis

Many people perceive trading as nothing more than a gamble. But there are still people who consistently make money trading. How do they do it? They've learned to separate gambling from trading. And the way they do this, says author Marcel Link, is by developing a proper plan.

About this title

From the Back Cover:

Trading Without Gambling

A practical, easy-to-understand blueprint to becoming a successful trader

To have any kind of chance at success, a trader needs a well-developed plan that encompasses entry points, exit points, money management principles, and psychological discipline to do the right thing consistently--regardless of the pressures weighing on him or her.

In Trading Without Gambling, author Marcel Link helps you to become a better trader by showing you how to create and follow a successful game plan. He discusses how trading decisions should be made while the market is closed--outlining what needs to be done before the next trading day begins--and how precise entry and exit strategies should be developed to enhance profitability. He also examines why traders should create scenarios for how the market might move and how they will respond to those moves.

With this book as your guide, you'll quickly discover what it takes to make the right trades and learn how money management, trading rules, and position management can play a big role in the process.

Synopsis:

This is a practical, easy-to-understand blueprint to becoming a successful trader. "Trading Without Gambling" will help readers become better traders by showing them how to make and follow a successful game plan. Author Marcel Link discusses how trading decisions should be made while the market is closed - outlining what needs to be done before the next trading day begins - and how precise entry and exit strategies should be developed to enhance profitability. He also examines why traders should create scenarios for how the market might move and how they will respond to those moves. With this book as their guide, readers will discover what it takes to make the right trades and learn how money management, trading rules, and position management can play a big role in this process. Marcel Link, MBA (New York, NY), has been involved in trading for more than 20 years and for the last several years has been a successful independent trader of futures and stocks.

About this edition

• Publisher: Wiley
• Publication date: 2008
• ISBN 10: 0470118741
• ISBN 13: 9780470118740
• Binding: Hardcover
• Edition number: 1
• Number of pages: 288