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Trade Your Way to Financial Freedom

by Van K. Tharp -  Jan 1, 1999
Average Reader Rating: 8.8 (from 6 ratings)


Publisher: McGraw-Hill Professional
Publish Date: 1999
Edition: 1st
Format: Hardback
Pages: 343
ISBN: 0070647623
RRP (UK): £18.99
Global Investor (UK) Price: £16.14 (Buy Now)
Traders' Library (US) Link: Buy Now

Description

In 'Trade Your Way to Financial Freedom,' world-renowned traders coach Dr. Van Tharp explains that the Holy Grail is NOT a mysterious trading system that delivers incredible trading profits with little or no risk. Just as there is not a single 'best' way to play golf, there are no universal strategies that will work for all traders.

Instead, Dr. Tharp's research shows that the secret is different for each trader, and can be uncovered quickly and plugged into every trading program with surprisingly little effort. In this performance-directed book, Dr. Tharp shows how the interplay of an investor's style, goals, and personality - in combination with a carefully designed and tested system - ultimately determines true success.

As a result, 'Trade You Way to Financial Freedom,' is filled with the kind of information that will help virtually all traders and investors substantially increase their income. Dr. Tharp covers it all.

The psychological biases against good system development
Ingenious concepts of orderliness that help you accurately predict turning points in the market - and work them to your advantage.
Expectancy and position sizing - the most important, yet least understood, aspects of profitable trading
Stock and futures trading models - from Warren Buffett to Perry Kaufman - that examine setups used by the masters
Positions sizing variables, and how to use them consistently carve out the optimal profits.
A free website to let you practice your new trading skills without risk, develop plans, and even compete against other traders!

Chapter Headings
THE MOST IMPORTANT FACTOR IN YOUR SUCCESS: YOU!

1.  The Legend of the Holy Grail
2.  Judgmental Biases: Why Mastering the Markets Is So
Difficult for Most People
3.  Setting Your Objectives

CONCEPTUALIZATION OF YOUR SYSTEM

4.  Steps to Developing a System
5.  Selecting a Concept That Works
6.  Understanding Expectancy and Other Keys to Trading
Success

UNDERSTANDING THE KEY PARTS OF YOUR SYSTEM

7.  Using Setups
8.  Entry or Market Timing
9.  Know When to Fold 'Em: How to Protect Your Capital
10. How To Take Profits
11. The Opportunity and Cost Factors
12. What Do You Mean Position Sizing? I Only Have $10,000
in  My Account!
13. Conclusion

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Recent Reviews:

Excellent book
9/10
Everything Van Tharp writes in the book applies to all succesful traders.A must read for all new traders looking for knowledge about developing their own trading systems
oildaytrader   01-08-2008 15:41:06

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Good Value
8/10
This is not a book to skim through and hope for a few good tips. In fact the writing style makes it harder work than it could be. Its value for me came from re-reading sections over about 18 months and really trying to apply the information to my trading and trading system. Only bother if your very serious about your trading.
r42ogn   22-07-2008 09:59:19

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Solid content
9/10
Everyone gets the same markets, but results differ massively. Conventional thinking says the winners have or know "something" about the markets that the losers don't, but the reality is that the differences are inside of them. Fundamental or technical, this book will definitely help - the practical implementation of proper position sizing alone regardless of trading style is easily worth the time/effort/cost of the book.
homerjay   17-06-2008 06:34:37

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Excellent
10/10
This is a very good book and one I read almost every year. It's simplistic style belies the fact that it contains some absolutely critical concepts if you want to trade full time.
10/10.
rdstagg   10-11-2007 05:14:44

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1 of 1 members found the following review helpful:

GOOD
8/10
EXCELLENT BOOK.
SHOPFRONT   02-11-2005 10:54:05

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