Super Trader

Super Trader

Authors: Van K. Tharp

Published: July 2009

eISBN: 9780071713160 0071713166 | ISBN: 9780071632515

Contents

Acknowledgments

Preface: The Fate of the "Average" Investor

Introduction: The Five Steps to Consistent Profits

Part 1 Working on Yourself: The Critical Component That Makes It All Work

The Components of Trading Well

Do an Honest Self-Appraisal

What's Your Trading Type?

Commitment

Do What You Love

Personal Responsibility

What Are Your Excuses?

Empower Yourself

Write Down Your Beliefs

Enjoy Your Obstacles

Trade through "Mindfulness"

Make Friends with Your Inner Interpreter

Learn to "Dissociate"

Achieve Balance in Your Trading/Investing

Overcoming a Stuck State of Mind

Does Failure Motivate You?

No Requirements to Be Happy

Vitamins for Your Soul to Improve Your Trading

Discipline in Meeting Your Goals

Removing Stored Charge

How Do You Know When You've Done Enough Self-Work?

Part 2 Developing a Business Plan: Your Working Guide to Success in the Markets

Have a Plan for Your Trading/Investing

Having a Mission Statement behind Your Trading Is Critical to Your Success as a Trader

What Are Your Goals and Objectives?

Market Beliefs

Understanding the Big Picture

What Are Your Tactical Trading Strategies?

How Will You Achieve Your Objectives through Position Sizing?

Dealing with Your Challenges

What Are Your Daily Procedures?

What Is Your Education Plan?

Worst-Case Contingency Planning

Mentally Rehearse Your Disaster Plan

Systems Other Than Trading Systems

The Four Quadrants

Part 3 Develop a Trading System That Fits Each Market Type You Plan to Trade

Designing a Trading System That Fits You

Trading Concepts

Setups Are Not as Important as You Think

Entering the Market

The Source of the Myth of Stock Selection

Exits Are the Key to Making Money

Exiting a Trade beyond the Initial Stop

Start Thinking in Terms of Reward and Risk

One of Your Most Important Tasks: Keep Up with the R-Multiples of Your Trades

Six Keys to a Great Trading System

Common Elements of Success

The "It Didn't Work" Mentality

Trading Reality Check

What It Takes To Have Confidence

Part 4 Understanding the Importance of Position Sizing

System Quality and Position Sizing

Position Sizing Is More Important Than You Think

Three Components of Position Sizing

THE CPR Model for Position Sizing

Position Sizing Basics

Types of Equity Models

Different Position Sizing Models

The Purpose of Position Sizing

One Way to Use Position Sizing to Meet Your Objectives: Simulation

The Problems of the R-Multiple Simulator

Getting Around the Problems of Simulation

Part 5 More Ideas for Producing Optimal Trading Performance

Keep It Simple

Understanding the Holy Grail of Trading

Miscellaneous Ways to Make Money in a Trading Business

Avoid Making Predictions in the Market

Mistakes and Self-Sabotage

How to Prevent Mistakes

How Not to Repeat Mistakes

You Cannot Ignore the Fundamentals

The Answers

A Personal Invitation from Van K. Tharp

Glossary

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Index