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- Previous edition of this book sold
more than 60,000 copies and made several national
bestseller lists
- This second edition includes 40 percent new material
and takes into account market risks, bubbles, and
volatility
- Includes a new foreword by super trader Chuck Whitman
Deascription of first edition:
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!
Contents:
Foreword by Chuck Whitman
1. The Legend of the Holy Grail
2. New: Q&A with Great Traders
3. Judgmental Biases
4. Setting Your Objectives
5. Steps to Developing a System (heavily revised)
6. New: Secular Markets
7. Selecting a Concept that Works
8. New: Using R Multiples
9. Understanding Expectancy
10. Using Setups
11. Entry or Market Timing
12. Protecting Your Capital
13. How to Take Profits
14. The Opportunity & Cost Factors
15. Position Sizing
16. Conclusions
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