Super Trader: Make Consistent Profits in Good and Bad Markets

Name : Super Trader: Make Consistent Profits in Good and Bad Markets

Author : Van K Tharp

Book Format : Paperback

Edition : 1

Genre : Business & Economics

ISBN : 9780071331876

Language : English

Pages : 301-400 Pages

Publish Year : 2011

Publisher : McGraw Hill Education

Sub Genre : Business Analysis Books

The golden rule of super traders is to let your profits run! Tharp shows readers how to do just that by cutting losses short and meeting investment goals through the judicious use of position sizing. Position sizing helps traders determine their risk/reward ratio and what they expect from an average trade. It is a key aspect of a winning trading system. Tharp's approach is both performance-driven and grounded in trading psychology. A super trader’s system combines these elements as well.

In this concise, informative book, Tharp draws on decades of experience as a Super Trader and trading educator, sharing with readers his essentials for mastering the market. Tharp walks readers through the key elements in thinking and acting like a Super Trader : having a trading system that meets stated objectives, understanding the big picture, battling judgmental heuristics, and mastering position sizing.

This is accomplished through Tharp's proven approach to R-multiples system and a deep understanding of trading psychology. It’s not about prediction or stock picking… it’s a strategy great traders use as they codify their own trading system. Tharp gives traders insight into the market moves and psychology of super traders, with concepts, tactics, and advice they can take to the bank.

Written in Tharp's trademark avuncular style, the concepts and tactics are brought to life by a combinatio

Country of Origin : India