Trade Your Way to Wealth: Earn Big Profits with No-Risk, Low-Risk, and Measured-Risk Strategies
Praise for Trade Your Way To Wealth\ "Wow! It is all in this book. Mr. Kraft has set forth trading concepts and specific trading ideas in straightforward language that all can understand. He clearly explains the risk levels in trading and this book shows you exactly how to enter trades with high risk, low risk, no risk, and even trades with a guaranteed profit! This is not a must-read, it is a must-study book as it delivers in-depth information and knowledge that will provide the trader with...
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Trading the financial markets can be a risky endeavor, but with the right approach you can achieve success. Author Bill Kraft is well aware of the difficulties that surround trading, but during his time in this field, he's developed some distinct strategies to overcome these obstacles and enhance the performance of his portfolio.Now, in Trade Your Way to Wealth, Kraft shares his hard-won knowledge with you and reveals how to trade in a way that limits risk, generates consistent income, and provides the potential for big profits.Filled with in-depth insights and practical advice, Trade Your Way to Wealth skillfully explains Kraft's market philosophy—which will allow you to trade with little risk and without the need to monitor the market every day—of keeping your losses to a minimum, while not cutting your gains.This accessible guide begins by addressing the pros and cons of "buy and hold" investing and then quickly moves on to discuss the importance of cultivating a comprehensive trading plan before you enter today's markets. With a plan in place, you'll be introduced to a variety of risk-sensitive trading strategies—primarily based on options—that will allow you to make money, and manage risk, whether the markets are going up, down, or sideways. And unlike so many other books, Kraft shows you where the risks exist and how to deal with them, so you can invest in your comfort zone.Chapter by chapter, you'll learn how to take different strategies—from buying stocks with protective puts to selling naked calls—and apply them in real-world trading situations. Along the way, you'll discover how to efficiently integrate exchange-traded funds (ETFs) into your investment endeavors and become familiar with certain low-risk, high-yield vehicles that can produce consistent income. Many of the examples explored cannot be taxed federally, while some are even exempt from both federal and state taxes.Whether you're new to trading or an experienced investor, Trade Your Way to Wealth has the information you need to succeed. It will allow you to capture considerable profits from today's dynamic markets, while operating in a relatively risk-free manner.
Preface ixAcknowledgments xiiiMillions Can Be Made with Safer Trades 1Is the Invest-and-Hold Strategy Best for You? 7Successful Trading Can Be Simple 11How Put Options Can Protect Your Money, and Also Make You Money 35How Call Options Can Really Make You Rich 63Combining Strategies for No-Risk and Low-Risk Trades 83Money Every Month: Earning Income 97Getting an Edge with Exchange-Traded Funds 107What You Need to Get Started 123Comparison of Strategies 157Elements of a Basic Business Plan for Investors and Traders 177Closed-End Income-Producing Fund Examples 179Selected ETFs and REITs 185Strategy Comparison 189Recommended Reading 193Index 195
