Trade Like a Pro - 15 High-Profit Trading Strategies (John Wiley & Sons Inc)

Practical trading strategies that incorporate the use of futures, options, and spot markets Filled with in-depth insights and expert advice, Trade Like a Pro will show readers how to: construct trades that carefully incorporate spot, futures, and options together; choose one of 15 strategies that can diminish risk and maximize profit potential; and determine the risk/reward profile of staying in a trade, or if a trade can be salvaged, using any one of the 15 strategies to rescue the position. Each strategy is broken down into three components: "why you should use it," "when you should use it," and "what market environments are most conductive" to using it. Included among the strategies are: using options as a stop or as a risk management tool and using straddles and strangles to trade news events. Noble DraKoln (Long Beach, CA) is President of Liverpool Group Inc. And author of the Wiley title Winning the Trading Game (978-0-470-16995-7).