Dr. Charles B. Schaap, Jr.
Dr. Charles B Schaap, Jr. is the founder and president of TradeLikeAPro.com. He has over 20 years of experience trading stocks, futures, and options. Dr. Schaap is the author of ADXcellence-Power Trend Strategies (2006), a book for advanced technical traders, and Invest with Success-Big Profits for Small Investors (2008), an investor's guide to building wealth using stocks and ETFs. Dr. Schaap is a well-known lecturer and has been a speaker for the Chicago Board of Trade, the International Trader's Expo, the American Association of Individual Investors, and others. He publishes The Journal of Excellence in Trading, a monthly newsletter that provides market insights and trading analysis. He has written numerous articles for magazines, websites, and newsletters, including Technical Analysis of Stocks & Commodities, Futures Magazine, SFO Magazine, and Working-Money (online). Dr. Schaap is a former director and life member of the International Hedge Fund Association. He is also a life member of the American Association of Individual Investors (AAII).
We pick the trades. You trade the picks.
Trade Like a Pro assists all types of active traders and investors by doing the hard work of finding the best stock-trading opportunities in the market. Direction and timing are paramount to a pro. Each day, Trade Like a Pro scans over 6,000 stocks in the US markets to find those that are ready to breakout into a new trend or resume an already established trend. The primary focus is on growth stocks, since growth stocks have the greatest potential to increase in price over the shortest period of time.
Just having a stock pick is not enough to ensure success. As pro traders know, while a good stock pick is essential, it is actually less important than how the trade is managed. Trade Like a Pro provides a strategic framework for trading these stocks, so the trader has a clear understanding of how each trade is entered and managed in order to limit risk and maximize profits. It is important that each trader understands how the trading methodology works, so educational resources are provided to teach you like a pro.
To trade like a pro, you must buy the right stock at the right time. Guidelines are given with each stock pick which identify an entry price, a stop loss price, and a first target price. Adjustments to the stop loss orders are also updated once the stock has become profitable. The main goal is to manage the trade such that you have a "no risk" trade, one where the stop loss has been moved up to the price at which you entered the stock. This lets the trader relax and let profits run.
To get started, you can sign up now for our "free" Stock Pick of the Week, and then follow along and see how the stocks are chosen and the trading methodology works. If and when you're ready to try our subscription service, you can receive stock picks on a daily basis, as well as the full benefits of pro membership.