Product Description

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.

From the Inside Flap

Many people perceive trading as nothing more than a gamble—and to many traders it is. But there are still traders who, year after year and month after month, consistently make money trading. How do they do it? They have learned how to separate gambling from trading. And the way they do this, says Marcel Link, is by developing and trading with a proper, well-thought-out 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.

Building on the strategies first revealed in his highly successful previous book, High Probability Trading, Link reveals that the key to winning in the markets is planning for it and knowing in advance how to react to certain situations—and this is exactly what a game plan will do for you. Trading is not simply about buying and selling, he explains, but about knowing when and why to do so. Link details the benefits of a game plan in easy-to-understand, straightforward terms, showing how a plan will help you pick the best trades, monitor and exit trades, keep you from overtrading, keep you focused and financially in line, prepare you for what the market has to offer, and ultimately take the gamble out of your buying and selling. Drawing from his twenty years of trading experience, Link offers numerous examples of both his good trades and his mistakes, enabling you to learn from those mistakes and become a better trader in the process.

This book, the author stresses, is not for the lazy trader. You won't find any get-rich-quick strategies here, but you will learn how to work smart and work hard to improve your bottom line. After reading Trading Without Gambling, you'll be in a better position to excel at this difficult endeavor.

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.

About the Author

Marcel Link has been involved in trading for more than twenty years and, for the last several years, has been a successful independent trader of futures and stocks. Previously, he founded LinkFutures.com, which was a discount, online brokerage firm. Link is a former member of the New York Financial Exchange. For more information, visit www.MarcelLink.com.