Average Reviews:
(More customer reviews)I am pleased to be the first one to review this book.
I am also thankful for discovering Van Tharps' as someone that changed my approach and understanding of trading. He really helped me to destroy all strongholds that was making my trade a blind fly. I read first Trading your way to financial freedom which is a really break through on what it takes to be a successful trade. After reading it I realized how obvious it is and how people just don't see it. So I am happy that I was blind now I can see.
If you haven't read any of Van Tharp as yet I would not recommend starting with Super Trader because it doesn't spend much time to discuss new concepts and I believe the book assumes some prior knowledge. For me that am already familiar with his concepts I cruised reading Super Trader and it helped me to reinforce all principles that I already grasped from previous books and articles I read. Also his does an excellent job bringing it all together.
I then suggest to read first "Trade Your way..." and then "Super Trader" will be much more valuable and easy to understand because it doesn't go as deep as "Trade your Way..." does in some key concepts such as R multiple, Risk Management and Positioning Size.
The book is very well structured and it is organized in an order of priority in what it takes to be a successful trader. The book spend a fair bit of pages on the topic of psychology and working on yourself. This is crucial and Van emphasises its importance even further. I reckon that's the best part of this book.
Also it provides good frameworks to how to work on yourself and your business plan to get into trading successfully.
I also love his approach totally opposing to on size fits all. What is important is what fits your beliefs. That's fantastic.
Very pragmatic, structured and concise. This book I also consider a quick reference book to always go back and remember what is important in trading and I intend to always go back and revisit it from time to time to check if I am doing everything "by the book".
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How do you transform yourself frommild-mannered investor to SuperTrader? Think clearly. Plan accordingly.Commit completely. In other words, becomea trader. And no one is better suited to helpyou make the transformation than legendarytrading educator and author Van K. Tharp.
Combining the sharp insight and technicalbrilliance that has drawn legions of investorsto his books and seminars, Tharp provides aholistic approach for becoming a successfulfull-time trader. His system—a meld ofinvesting psychology and sound tradingpractice—is the secret to achieving optimumconditions that produce results in both bulland bear markets.
Using the lessons of Super Trader, you willapproach trading as you would a smallbusiness—realistically, systematically, andenthusiastically. Drawing on his decades ofexperience, Tharp has created a simple plandesigned to help anyone master the market.You can put this plan to use immediately inorder to:
Master the psychology of trading
Craft a "business plan"—a workingdocument to guide your trading
Develop a trading system tailoredfor your personal needs and skills
Create position-sizing strategiesto meet your objectives
Monitor yourself constantly tominimize mistakes
Throughout the book, Tharp asks the pertinentquestions you must ask yourself aboutbecoming a trader, being a trader, and succeedingas a trader.
The rewards that come with being a SuperTrader—both financial and personal—makeyou feel as if you can leap small buildings ina single bound. Whatever your skill level,Tharp provides the formula for succeedingin a field where most people fail.
Click here for more information about Super Trader: Make Consistent Profits in Good and Bad Markets
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