Trade Your Way to Financial Freedom

[flap copy]Tharp's proven 14 step model for developing a profitable trading system-as well as his latest methods and techniques for winning in any market.Trade Your Way to Financial Freedomalso includes new information on secular bull and bear markets and macro economics; as well as ways to think about and evaluate trading systems as a set of R multiples (reward to risk). Tharp also elucidates the concepts of expectancy and position sizing-the most important, yet least understood, aspects of profitable trading.In this performance-directed book, Tharp explains that the Holy Grail in the market is different for each trader-one that can be uncovered quickly and plugged into every trading program with surprisingly little effort. He shows how the interplay of your style, goals, and personality-in combination with a carefully designed and tested system-will ultimately determine your true success.Trade Your Way to Financial Freedomprovides key information to help you substantially increase your income: 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 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 online game to let you practice your new position sizing skills without riskComplete with an all new analysis and review of real trading newsletters, Tharp will show you the importance of evaluating their performance and results, before you invest in anyone's recommendations.Trade Your Way to Financial Freedompromises you a brighter, more lucrative trading future. [back cover copy]You don't have to spend your entire career trying to crack the code to profitable trading.In the bestselling first edition ofTrade Your Way to Financial Freedom, Tharp revealed that a system for instant control over the market is within every trader's grasp. Now, he brings his bestselling classic completely up to date to address all the concerns of the current market environment. This breakthrough book will, quite simply, forever transform your perceptions of successful trading-and make you a better trader or investor.[box]Second Edition includes: New chapters on secular markets and the big picture Ways to evaluate your system in terms of reward to risk Updated examples and charts throughout A new foreword by super trader Chuck WhitmanPraise for the First Edition"Filled with sound trading advice and lots of ideas you can use to develop your own trading methodology. And, if you don't think that's enough, then you really need this book."-Jack Schwager, author ofMarket WizardsandThe New Market Wizards"Cuts right to the essence of professional trading: how to develop winning attitudes and approaches; how to forget trading for accuracy and trade for expectancy; how to master position sizing. If you intend to trade, you'd better know what's in this book."-Ed Seykota, Professional TraderTharp, Van K. is the author of 'Trade Your Way to Financial Freedom ', published 2006 under ISBN 9780071478717 and ISBN 007147871X.