Binding: Kindle Edition
Dewey Decimal Number: 332.6322
Format: Kindle Book
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 204
Publication Date: February 04, 2008
Publisher: Wiley
Sales Rank: 18767
Studio: Wiley

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Editorial Review:

Product Description:
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.




Rating: - Trade your way to wealth
I have read many trading books and have been a profitable active trader for many years. Mr Kraft's book is without question the best book on the market today from which to learn how to actually do the trades and be profitable. Mr Kraft's emphasis on the importance of entering a trade only when there is a close clear exit is simple but tremendously effective. This book truly teaches one how to become wealthy using systematic, proven strategies. It also teaches one how to implement no risk strategies ... Read More

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Rating: - Deceptive Advertizing
The book is a good introduction to options trading and various strategies using options and ETFs. It by no means identifies a way to earn big profits with no risk or even low risk as the title claims.

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Rating: - Not recommended for options traders
If you are reading this book for options trading ideas, it can not be recommended. I was certainly interested in a "no risk" options trade which Mr Kraft presents as the collar using LEAPS. A collar is buying stock and puts while selling calls and with LEAPS it would be looking to use options with at least one year to expiration. I believe it is possible to find collars with time frames of one year or longer that have no risk however -- there is a cost - which Mr Kraft does not discuss and the cost ... Read More

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Rating: - Well written and clear
Very educational, the importance of a game plan is largely overlooked in the popular literature on the subject. The examples given were easy to follow, without getting bogged down in theory. The Straregy Comparison gives quick comparisons of the popular strateg's. After reading the book, and reading the other book rewiews I will be looking for other article's by Mr. Kraft.

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Rating: - Good Book but certainly could be better
Lets first see some good points in the book:

The book is not over priced and is well worth the money paid for it

It is written in a clear and concise manner.

Author is to the point on his subject matter.

There are some points in the book that are well worth more than the price of the book. For example: on Page 49 the author says that: Selling Naked puts is less risky than buying a stock. Then he explains how it is less risky and it makes perfect sense ... Read More

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