Trading Without Gambling By Marcel Link Free Download – Includes Verified Content:
Marcel Link – Trading Without Gambling
In the unpredictable world of financial markets, many beginners approach trading with the same mindset they would bring to a casino—hoping for luck rather than applying a clear, disciplined process. Trading Without Gambling by Marcel Link is designed to change that mindset completely. This course (inspired by Link’s highly regarded book) aims to teach traders how to develop a structured approach to the markets so that every decision is rooted in probability, preparation, and sound analysis rather than chance.
Marcel Link, a professional trader and educator, brings decades of experience to this program. He understands firsthand how emotional decision-making and reckless speculation can erode trading accounts. By translating those lessons into a clear framework, he provides learners with tools to think and act like professionals instead of gamblers. Through carefully structured lessons, the course introduces participants to essential concepts such as market psychology, risk management, and disciplined trade execution.
Unlike many trading programs that focus solely on indicators or quick profits, Trading Without Gambling emphasizes planning, patience, and realistic expectations. Students are shown how to identify high-probability setups, create detailed trading plans, and manage their capital so that losses remain controlled and profits can compound. Real-world examples and practical exercises help bridge the gap between theory and practice, ensuring that the principles taught are directly applicable to live market conditions.
Whether you are a novice who has struggled with impulsive trades or an experienced trader seeking a more methodical approach, this course provides a roadmap for turning speculative habits into professional discipline. By the end, participants will not only understand Marcel Link’s proven strategies but also possess the confidence and mindset required to trade strategically—without relying on luck.
Table of Contents
Acknowledgments.
Introduction.
Chapter 1: Everyone Needs a Plan.
The Hanging Curveball.
A Typical Bad Trader.
A Typical Good Trader Prepared with a Plan.
The Trading Plan and the Game Plan.
A Disclosure or Two before We Continue.
Chapter 2: The Trading Plan.
What Is a Trading Plan?
A Simple Trading Plan.
Why a Trading Plan?
A Business Plan for Traders.
Making a Trading a Plan.
Breaking Down the Trading Plan.
Closing Thoughts.
Chapter 3: The Game Plan.
Always Be Prepared.
Why a Game Plan.
The Basics of the Game Plan.
Know Yourself.
Drawing Up Scenarios.
Making Your Plan Work.
Closing Thoughts.
Chapter 4: Get To Know Yourself.
Different Types of Traders.
Figuring Out Who You Are.
The Importance of Knowing Your Style.
Two Sides to Every Story.
Closing Thoughts.
Chapter 5: Trading Strategies.
Trading Strategies.
Your Strategy Needs to Fit Your Style.
Technical Strategies.
Building Systems.
Don’t Be Stubborn.
Why Should You Have a Strategy?
What Goes into a Strategy?
The Entry.
Exits.
Times Frames and Holding Times.
Stick to Your Trading Strategy.
Closing Thoughts.
Chapter 6: Know Your Markets.
Markets Differ.
Know What You Are Trading.
What’s the Real Risk?
Time Frames and Charting.
Who Moves the Markets?
Know Any Correlations.
Getting the Big Picture.
Closing Thoughts.
Chapter 7: After the Close.
Lets Review.
The Open Trades.
Thinking about Tomorrow.
The Closed Trades.
Getting Ready For Tomorrow.
Review Your Plans and Strategy.
Closing Thoughts.
Chapter 8: Before the Market Opens.
To Each His Own.
Getting the News.
Know Your Markets.
Look at Overseas Markets.
How Are the Markets Opening?
Making Adjustments.
Were There Any Big Moves Overnight?
Look for Possible Trading Situations.
Draw Up Scenarios.
Adjusting Size.
Make Your Daily Game Plan.
Closing Thoughts.
Chapter 9: Drawing Up Scenarios.
Know Your Markets—Revisited.
Getting the Big Picture.
Getting a Better Picture.
End of the Day.
Back to Monitoring Open Positions.
Once The Trade Is On.
The Day Trader.
Making Scenarios for the News.
Generic Stuff to Look at with Open Positions.
Closing Thoughts.
Chapter 10: Taking the Gamble Out Of Trading.
Good Trades Can Be Losers.
Two Parts to a Trade.
Same Market, Two Views.
Going Long.
Going Short.
Waiting for the Right Opportunities.
Measure the Risk-to-Reward Ratio.
Ways to Get the Odds in Your Favor.
Closing Thoughts.
Chapter 11: Getting In.
Spotting the Opportunity.
Planning the Trade.
Drawing Scenarios for the Getting Into the Trade.
Don’t Chase the Market.
Timing the Trade.
Look For Patterns within the Long-Term Trade.
Knowing the Risk.
Deciding How Much to Trade.
Closing Thoughts.
Chapter 12: Getting Out.
Preestablish Your Exit Strategies.
Cutting Losses and Letting Profits Ride.
Using Stops in Your Game Plan.
Planning Your Risk.
The Setup.
Trading the Gap.
Another Trade.
A Crazy Day.
Planning Your Target.
How Will You Exit?
The In-Between Area.
Closing Thoughts.
Chapter 13: Reviewing and Managing.
After The Trade Is On.
Looking Ahead.
Reviewing Your Trading.
Keeping a Journal.
Closing Thoughts.
Chapter 14: How To Keep From Overtrading.
Why Have a Plan.
You Don’t Always Need to Be in the Market.
Stop Being In Too Many Positions.
Using a Game Plan to Help if You Trade Too Many Positions.
Keeping to Risk Management Limits.
Closing Thoughts.
Chapter 15: Money Management.
Don’t Take Risk Lightly.
Another Gambling Analogy.
The Money Management Basics.
Incorporating Your Money Management Plan into Your Trading Plan.
Incorporating Your Money Management Plan into Your Game Plan.
Establishing Money Management Procedures of Open Positions.
Closing Thoughts.
Chapter 16: Trading Rules.
Trading Rules.
Using Your Rules to Make a Trading Plan.
My Trading Rules.
Appling the Money Management Rules.
Applying the Entry Rules.
Applying Your Exit Rules.
Applying the Discipline Rules.
The Top 25 Rules.
Closing Thoughts.
Chapter 17: Focus and Discipline.
Staying Focused.
Distractions.
Have a Routine to Help You Write a Game Plan.
Following Your Plan.
How to Stay Focused If You Have Trouble Staying Focused.
Mental Side of Discipline.
Keeping Tabs.
Unwinding after the Day.
Closing Thoughts.
Chapter 18: Learning How To Win.
Clean Out Your Closet.
Don’t Blame Others for Losses.
Think Of It as an Expense and Not a Loss.
Self-Destructive Behavior.
Learn From Mistakes.
Trade, Trade, Trade.
Curb Your Emotions.
Losses Are In The Past.
Money Management Is More Important Than Trade Selection.
Treat Yourself.
Preserve Precious Capital.
Have a Cutoff Point.
Jumping In Too Soon or Getting In Too Late.
Do Not Let Big Winners Turn To Losers.
Make a List of Rules.
Trade Your Style.
Use a Proven Strategy.
Tips Are For Bartenders.
Learn As Much As You Can about What You Are Trading.
Keep Learning.
Read and Learn.
Trade with a Plan.
Fill In Your Own.
Final Thought.
About the Author.
