Description
Traders spend entire careers trying to crack the code to trading riches. The list of potential strategies is endless-high-probability entry signals, volatility breakouts, one-size-fits-all trading systems, and more. Is it possible that a system for instant control over the market is within every trader's grasp?
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 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 Your 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
■ Position sizing variables, and how to use them to 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!
ISBN:9780070647626