Review by Colin Twiggs:

Van Tharp is a psychologist and successful traders coach. His book starts with an examination of traders' search for the Holy Grail, concluding that "The Holy Grail in the markets -- the key to unlocking profits -- is all about finding yourself".

Tharp goes on to discuss the false expectations that traders often display and takes you through an exercise to define your own trading objectives.

The most important chapter, however, explains his Six Keys to Investment Success:

1. Reliability
2. Relative size of profits compared to losses
3. Cost of making a trade
4. How often you get the opportunity to trade
5. Size of your trading capital
6. Your position-sizing model

Another great chapter follows on position-sizing and how to protect your capital.

An excellent introduction to trading psychology and money management.

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Product Description

The bestselling holy grail of trading information-now brought completely up to date to give traders an edge in the marketplace

“Sound trading advice and lots of ideas you can use to develop your own trading methodology.”-Jack Schwager, author of Market Wizards and The New Market Wizards

This trading masterpiece has been fully updated to address all the concerns of today's market environment. With substantial new material, this second edition features Tharp's new 17-step trading model. Trade Your Way to Financial Freedom also addresses reward to risk multiples, as well as insightful new interviews with top traders, and features updated examples and charts.

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Product Details

• Amazon Sales Rank: #10907 in Books
• Published on: 2006-11-22
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 482 pages

Review
"The book is clearly written and makes generous use of practical examples and models...The principles he [Tharp] promotes for traders, if followed closely, can be applied to a wide group of investors." (Ticker Magazine )

From the Back Cover

Your own strengths, style, and personality­­and the steps found in this book­­can revitalize your trading program!

Praise for Trade Your Way to Financial Freedom:

"While I can't promise you financial freedom, I can promise you a book 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 of Market Wizards and The New Market Wizards

"Van's book gets directly to the heart of what it takes to be a successful trader. It's the best book I've read on trading successfully; not fluff or hype like so many others."­­Tom Basso, President, Trendstat Capital Management, Inc.

"I've read hundreds of books about trading and this is one of the three best EVER WRITTEN. It's straightforward and to the point. Van clearly cuts through the appeal to wishful thinking, instead stressing psychological preparedness, expectancy, and money management. Moreover, he shows clear methods, with simple entry techniques, to push your equity to the moon. It's a great book!"­­Rolf Sigrist, President, Sigrist AG

"Van Tharp's new book...[is] full of new ideas and approaches to developing an individualized trading system; it teaches the principles that are necessary to make you a great trader. The trading public owes Dr. Tharp a debt of gratitude for this insightful masterpiece." -Edward Dobson, President, Traders Press, Inc.

Van Tharp "...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 trader

(19990617)

About the Author

Van K. Tharp, Ph.D., is an internationally known 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 Safe Strategies for Financial Freedom and Financial Freedom Through Electronic Day Trading. Tharp is a highly sought-after speaker who develops courses and seminars for large banks and trading firms around the world. He has published numerous articles and has been featured in publications such as Forbes, Barron's Market Week, and Investors Business Daily.

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Customer Reviews

Trading the Markets
An extremely fun and exciting read when it comes to books on trading. This book more than met my expectations. It will guide you to define your expectations and goals for trading in a very simple, clear and concise manner. This book should be required reading for any and all traders, beginners or advanced alike. It is perfectly outlined with simple steps and guidelines and then summarized at the end of each chapter. Should be read by all so called "trading gurus" as well.

Not for trader
The authors tried to cover many aspect of trading, from technical, fundamental, psychology,... he comes with a lot of information that bring nothing to your trading. He explain very simple thing in a complicate manner, sometime not easy to understand. I think he doesn't know much about trading and all his writing is from the conversation with others (limited) trader. If you are looking to learn about trading and want start to trade it is not a recommendation, you may try to read what Alexander Elder wrote for example. Anyhow, you don't need to buy them, you can download for free the E-Book using P2P such emule...

Trading the Vulcan way
Essential reading for any budding trader from any planet.
Find out why trading is exactly 100% psychological.
If you harbour any other point of view, read this, you must.

Cheers, Yoda.