Psychology of Trading
Perfectionism, gambling, unnecessary losses, not being able to pull the trigger….
These are just some of the issues that traders contend with in the markets every day. What causes us to think this way and how can we learn to become better and more profitable traders? ….read more
System Development
Everyone is looking for the Holy Grail in the markets. How do you find the ideal trading system, the stock that is going to take off or that one big winner with your name on it?
There are hundreds, if not thousands, of trading systems that work. But most people, after purchasing such a system, will not follow the system or trade it exactly as it was intended. Why not? …read more
Risk and R-Multiples
Risk to most people seems to be an indefinable fear-based term – it is often equated with the probability of losing, or others might think being involved in futures or options is “risky.” Van’s definition is quite different to what many people think …read more
Position Sizing™
Position sizing is the part of your trading system that tells you “how much.” How many shares or contracts should you take per trade? Poor position sizing is the reason behind almost every instance of account blowouts…read more
Expectancy
One of the real secrets of trading success is to think in terms of risk-to-reward ratios every time you take a trade. Ask yourself, before you take a trade, “What’s the risk on this trade? And is the potential reward worth the potential risk?” What can I expect my trading system to do for me in the long term? ….read more
System Quality Number® (SQN®)
After a number of years researching position sizing™ strategies, Dr. Van Tharp developed a proprietary measure of the quality of a trading system that he calls the System Quality Number or SQN. ….read more
Planning Business
The market does not owe you or anyone great riches. The market does, however, occasionally tease a large number of people with seemingly easy gains (during bubbles and other manias) only to take them away again. If you are serious about being a good trader, then you need to approach the practice of trading with the same level of rigor with which you would approach any high level endeavor …read more
I want to master these principles, where do I start? Read this....
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