Trade Your Way to Financial Freedom
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!
Publisher: McGraw-Hill Professional
Publish date: 1999
Good starting point - a must for every aspiring trader
despite a flashy title, it has valuable content
As ever Van Tharp's focus is also on you as well as what you trade, and this book is all about how to find a system that suits your own individual needs.
Doesn't matter if you're new to trading, or think you know it all. You need to read this book. I know I did, and it's made me look at a lot of my trading in a whole new light.
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