Super Trader, Expanded Edition: Make Consistent Profits in Good and Bad Markets
Providing expert insight into both trading practices and psychology, Tharp teaches you how to steadily cut losses short and meet your investment goals through the use of position sizing strategies--the keys to steady profitability. Tharp offers concepts and tactics designed to help you:. With Tharp's proven methods, you can live the dream of enjoying above-average profits under various market conditions--up, down, and sideways. Tharp's wisdom, perspective, and tactical expertise are legendary in the world of trading. Follow the master down the path to trading excellence with Super Trader.
How do you transform yourself from a mild-mannered investor into a proactive trader who outperforms the market day-in and day-out. In other words, become a trader. No one is better suited to help you make the transformation than legendary trading educator Dr.
Combining the sharp insight and technical brilliance that have drawn legions of investors to his books and seminars, Tharp provides a holistic approach for becoming a successful full-time trader. His system--a meld of investing psychology and sound trading practice--is the secret to achieving optimum conditions that produce results in both bull and bear markets.
Using the lessons of Super Trader , you will approach trading as you would a small business--realistically, systematically, and enthusiastically. Drawing on his decades of experience, Tharp has created a simple plan designed to help anyone successfully navigate the market that includes the following:. Throughout the book, Tharp raises the pertinent questions you must ask yourself about becoming a trader, being a trader, and succeeding as a trader.
The rewards that come with being a Super Trader--both financial and personal--make you feel as if you can leap small buildings in a single bound. Whatever your skill level, Tharp provides the formula for succeeding in a field where most people fail.
Super Trader: Make Consistent Profits in Good and Bad Markets by Van K. Tharp
This is the second book I have read by Van Tharp on trading and I like his common sense realistic approach to the markets and this book is easy to follow. His focus it on trading psychology and trying Part 1 also covers the following topics:. Your trading business plan should include your beliefs about the big picture and strategies that work with those beliefs, the systems that make up your business, and a worst-case contingency plan.
This section of Super Trader will help you create a successful plan based on your objectives and beliefs. For example, during the roaring bull market in technology stocks, in the late s, it was easy to buy high tech stocks and just hold on. But that strategy stopped working in In this section, you will learn about how to read the market and design strategies that work under the current market conditions.
- Giving Meanings to the World: The First U.S. Foreign Correspondents, 1838-1859 (Contributions to the Study of Mass Media and Communications,).
- Jugendliche Expressivität und soziale Dynamik (German Edition).
- See a Problem?!
- Super Trader Book - Products by Van Tharp;
- Vergleich des Lebens von Frauen in Deutschland und muslimischen Frauen im Iran (German Edition).
- About the author!
Understand How to Meet Your Objectives. Your trading system has nothing to do with meeting your objectives. Instead, it has everything to do with determining how easy it is to meet your objectives. Taking Steps to Minimize Your Mistakes. We define a mistake as not following those rules. Repeating the same mistake over and over amounts to self-sabotage.
Super Trader: Make Consistent Profits in Good and Bad Markets
Learn to determine what mistakes you make, how much they cost you in real trading profits and how to avoid repeating those mistakes to minimize their impact on your bottom line. The expanded edition includes three new chapters in this section on mistakes that specifically affect Mechanical, No-Rules Discretionary, Rule-Based Discretionary traders, plus a new chapter on common mistakes for each of these types of traders. View the Table of Contents.
View Full Cover Spread. Van Tharp in his book Super Trader does anything but this. He is probably the best on trading psychology that I've read, but he captures the crucial factors for success in other areas like analyzing performance, testing systems, and developing a plan for success. I love how he does not cosign people's BS - he tells it how it is.
Also, I found this book a lot easier read than his Trader Your Way to Financial Freedom, and it has a lot more exercises one can do at home. However, for someone really new to trading, I would recommend they buy both books and start with Trade Your Way. No matter what though, one could not go wrong with Tharp.
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The book attempts to point out why most investors are too narrow minded and get too attached to a single trading system. It argues for the importance of first knowing yourself, your habits, etc before creating your own system. The book attempts to explain why Exit Strategies are often more important than Entry Strategies, how other systems often focus too much on entering the market and not enough on exiting the market and why this going against the grain is important. It teaches you how to create a system of keeping track of your trades so that 1 you'll know your batting average and 2 don't get discouraged like everybody else when a trade doesn't go your way.
It shows you a bunch of other people's systems in the hopes that you can pick and choose the right trading tools for yourself. It does not spoon feed but it does force you to think and do your homework.