Bill Kraft

Joe Taylor
January 1, 2008

(bettertrades) -

Bill Kraft is now a full time trader after retiring from a legal career that spanned almost 30 years and which involved such diverse areas as air crash litigation, products, liability, medical malpractice, railroad litigation and even murder defense. After leaving the practice of law, Bill opened a photo-processing and portrait franchise to involve himself more deeply in photography, a longtime hobby. He quickly found that the franchise was a classic retail business that required considerably more time and yielded far less income than he had supposed. After a family tragedy, Bill sold the photo business and began a search for a new and interesting career.

In the late 1990's he began to learn about option trading and began reading and attending seminars on the subject which ultimately led to his career as a trader. As his trading success grew, Bill decided to share his knowledge with friends and neighbors whom he invited to his home to show what he was doing and how he was doing it.

Ultimately he had so many students he was left with little time to trade himself so he created a seminar company with the idea that if he charged people they wouldn't come. He was wrong and the seminars were a success. They were so successful, in fact, that Bill again found his time devoted to teaching rather than the trading he loved so he stopped doing seminars and began individual coaching for pay on a limited basis. Around that same time, he was approached to do a paid subscription option alert service for MarketFn.com. From there, he was asked to edit two additional services, $10 Trader and Trend Trader, for the same MarketFn.com which he continues to the present.

He now also writes a free weekly Newsletter Article for MarketFn.com that has well over 100,000 subscribers.

In part, as a result of the popularity of his articles, Bill was approached to write a book on trading and his first book, "Trade Your Way to Wealth" was released in early 2008. The book was designed for beginning and intermediate traders and explained about 13 strategies and emphasized the importance of risk awareness and risk aversion. In addition to the strategies, the book details elements necessary to create and implement a trading plan and discusses what Bill considers to be elements critical to trading success including reward to risk analysis and money management.

The popularity of "Trade Your Way to Wealth" led Bill's publisher, John Wiley & Sons to ask him to write another book with even wider appeal. "Smart Investors Money Machine" is scheduled to be released in late winter or early spring and is written for anyone interested in investing and trading. It details a number of ways traders and investors can create and manage streams of income. The new book shows people ways they can create additional income for themselves in a way that fits their age and station in life whether they be at or approaching retirement, growing families, or just getting started. Methods explained include such diverse subjects as dividend capture, writing covered calls, selling naked puts, trading and investing in Master Limited Partnerships and REITS, annuities, bonds, and even reverse mortgages.

Bill's books are available through his publisher at wiley.com, and at most online book outlets including amazon.com, traderslibrary.com, barnesandnoble.com, and borders.com.