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Overview
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
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. In Trading Without Gambling, Link shows how to create and use a sound game plan to improve every aspect of trading–including finding trades, timing, knowing how much to trade, where to exit, and how to adjust risk–while leaving very little to gambling.