Skip to main content

Trade Like a Pro: 15 High-Profit Trading Strategies



Trade Like a Pro: 15 High-Profit Trading Strategies

Noble DraKoln

ISBN: 978-0-470-44912-7 February 2009 288 Pages


Praise for Trade Like a Pro

"Noble's commitment to the individual trader is exactly what traders need during these volatile times. He has knowledge that spans across markets and is worldwide. He is a valued contributor to the community, and this book further demonstrates his dedication to educating traders and helping them become more successful."
—Lane J. Mendelsohn, Publisher,

"In a time when, on a global level, important things are happening to the financial industry, when new profit opportunities as well as risks are revealed, the book Trade Like a Pro offers a complete picture concerning the risk administration techniques."
—Teodor Ancuta, President and General Manager, Sibiu Stock Exchange

"Trade Like a Pro is a comprehensive presentation of all the basic trading strategies that belongs in every investor's library. Whether your specialty is futures, options, or stocks—or, for that matter, a combination of all three—you will find yourself going back to this valuable reference guide again and again. Everything rings true. Moreover, the author gives you the pros and cons of each respective strategy without imposing his own point of view. Well researched and presented."
—George Angell, author of Small Stocks for Big Profits and Winning in the Futures Market

"Armed with good intentions, most new traders are unaware of the realities involved. Although there is often the belief among novice traders that profitability will be easy, the evidence strongly suggests otherwise. In his new book, Trade Like a Pro: 15 High-Profit Trading Strategies, Noble DraKoln offers a thoughtful approach to making the transition from unsuccessful retail trader to the arena of the professional, which is imperative for lasting success as a trader."
—Ron Rossway, President, Denver Trading Group



Part I. Designing the Trade.

Chapter 1. From Retail Trader to Professional Trader.

Transitioning from Retail Trader to Professional Trader.

Successful Professional Traders.

Tightening up Your Approach to the Markets.

Chapter 2. Markets and Margin.


What Does This Mean for the Market?

Daisy Chain Effect.

Global Markets.

Becoming a Sophisticated Trader.

What Do These Changes Mean for Your Trading?

Chapter 3. Some Essentials of Trading

Three Different Types of Traders.

A Trader's Focus.

Essential Trading Concepts.

Using This Book to Its Fullest Potential.

Part II. Basic Strategies.

Chapter 4. Holding the Bull and the Bear by the Tails.

Straddle, Strangle, and Execution.

Getting the Right Options for the Job.

Option Tutorial.

Sample Straddle and Strangle Write-up Sheets.


Chapter 5. Precision Trading at Its Finest.

What is Hedge Trading?

Precision Trading Ground Rules.

Identifying Market Trends.


Chapter 6. Trading with Hard Stops.

Stop Loss Order.

Options as an Alternative to the Stop.


Chapter 7. The Markets on a Leash.


General Collar Pitfalls.

Day Traders.


Chapter 8. Replacing Traditional Options with Synthetic Options.

Synthetic Option versus Standard Option.

When to Use a Synthetic Option.


Chapter 9. Everything in its season.

Spread Opportunities.


Chapter 10. Gunning for Premiums with Covered Options.

Problems with Selling Options.

Covered Option Trading.


Chapter 11. Outflanking the Market.

Frontspreads and Backspreads.

Trading Backspreads.


Part III. Advanced Strategies.

Chapter 12. Exposing Yourself to Loss.

Synthetic Futures, Long – Short.

Primary Drawbacks.

Inter-commodity Spread.

Primary Drawbacks.

The Bull Call Spread and Bear Put Spread.

Primary Drawbacks.


Chapter 13. Advanced Option Selling Strategies.

Do 90% of Options Expire Worthless?

What to Expect When Selling Options.

Strangles, Straddles, or Naked Options.

Sell Straddle.

Sell Strangle.

Naked Option Selling.


Chapter 14. Retreat, Recovery, Opportunity.

Manipulating the Strategies.


Chapter 15. Analyzing Charts and Strategies.

S&P 500.






Chapter 16. Applying These Strategies with Stocks.




About the Author.


Named a top investment book of the year by the Stock Trader’s Almanac 2010.