“There are no guarantees” says L.A., “but with patience, persistence, and the recognition of the advantages the small trader has in today’s trading environment, there is a high probability of success by following a low risk, probability based methodology.”
For years now, L.A. has been perfecting his craft as a small trader – the proverbial little guy. In his newly released book, L.A. takes a sweeping view of what it takes to be a successful trader by first defining what it means then putting forth concrete steps on how to get there.
As explained in Trade Like the Little Guy, small traders are not like the large one – they have a unique footprint. They are able to dart in and out of stocks easily and find that high levels of cash are safer in times of uncertainty rather than in safe stocks. Small traders have advantages and it is imperative that they use them.
The book starts by defining a successful trader then methodically shows you, the little guy, how to become that trader. From trade preparation to idea generation – from risk management to Active Portfolio Management – all are introduced, explained, and examples provided.
The final chapter puts it all together – using the tools and ideas presented in earlier chapters to provide a play-by-play of real-life trades that the author executed while writing the chapter. Week by week, purchases and sells are made while the thoughts and actions of a small trader are documented showing you how to limit risk and create profits. It’s informative and real – as close as you can get to trading with a seasoned pro. It’s a real eye-opener for the little guy.
