Super Trader Book: Make Consistent Profits in Good and Bad Markets
Super Trader
Super Trader Book: Make Consistent Profits in Good and Bad Markets
By Van K. Tharp
Hardcover: 240 pages
Publisher: McGraw-Hill; 1 edition (July 30, 2009)
Language: English
ISBN-10: 0071632514
ISBN-13: 978-0071632515
Product Dimensions: 8.4 x 5.7 x 1 inches
How do you transform yourself from mild-mannered investor to Super Trader? Think clearly. Plan accordingly. Commit completely. In other words, become a trader. And no one is better suited to help you make the transformation than legendary trading educator and author Van K. Tharp.
Combining the sharp insight and technical brilliance that has drawn legions of investors to his books and seminars, Tharp provides a holistic approach for becoming a successful full-time trader. His system—a meld of investing psychology and sound trading practice—is the secret to achieving optimum conditions that produce results in both bull and bear markets.
Using the lessons of Super Trader, you will approach trading as you would a small business—realistically, systematically, and enthusiastically. Drawing on his decades of experience, Tharp has created a simple plan designed to help anyone master the market. You can put this plan to use immediately in order to:
Master the psychology of trading
Craft a “business plan”—a working document to guide your trading
Develop a trading system tailored for your personal needs and skills
Create position-sizing strategies to meet your objectives
Monitor yourself constantly to minimize mistakes
Throughout the book, Tharp asks the pertinent questions you must ask yourself about becoming a trader, being a trader, and succeeding as a trader.
The rewards that come with being a Super Trader—both financial and personal—make you feel as if you can leap small buildings in a single bound. Whatever your skill level, Tharp provides the formula for succeeding in a field where most people fail.
From the Back Cover
Think like a trader. Act like a trader. Become a Super Trader!
“Let your profits run!” It’s the golden rule by which all Super Traders live. With the help of investing guru Van K. Tharp, you can join the ranks of full-time traders who consistently master the market.
Super Trader provides a time-tested strategy for creating the conditions that allow you to reach levels of trading success you never thought possible. Providing expert insight into both trading practices and psychology, Tharp teaches you how to steadily cut losses short and meet your investment goals through the use of position sizing—the keys to steady profitability. Tharp offers concepts and tactics designed to help you:
Create and meet your specific objectives
Understand the big picture
Conquer counterproductive thinking
Master the art of position sizing
With the proven methods spelled out in this solid guide, you can live the dream of enjoying above-average profits under various market conditions—up, down, and sideways.
Tharp’s wisdom, perspective, and tactical expertise are legendary in the world of trading. Follow the master down the path to trading excellence with Super Trader.
About the Author
Van K. Tharp, Ph.D., is an internationally recognized consultant and coach to traders and investors, as well as the founder and president of the Van Tharp Institute. He is the author of multiple bestselling books on trading and investing, including Trade Your Way to Financial Freedom, Safe Strategies for Financial Freedom, Financial Freedom Through Electronic Day Trading, The Definitive Guide to Position Sizing, and The Peak Performance Course for Traders and Investors. Tharp is a popular speaker who develops and presents workshops for trading firms and individuals around the world. He has published numerous articles and has been featured in publications such as Forbes, Barron’s, Market Week, and Investor’s Business Daily.
Reader 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”.
Van Tharp is a phenomenal traders coach. In Supertrader we are exposed to Vans deep insight into the essential components of a wizard trader. Van exhorts the principles of discipline, commitment, drive, responsibility and the realization that the search for the holy trading grail begins with the trader.
I recommend you read this book once, twice and then once again. Van has a habit of being succinct to a fault, plus this is a workbook, to get the best from it, you’ll have to apply yourself.
Analysis entertains, application rewards. Buy this book, apply your new learnings and go for it.
Tags: bear market, currencies, Currency, Day Trading, Discipline, Financial Freedom, Forex, Forex Trading, Gold, invest, Investing, investment, investor, investors, Markets, Position Sizing, Profitability, profits, risk, risk management, trade, traders, trading systemPosted in
