Eight Edges You Must Have: Your Written Trading Plan

Van K. Tharp

Apr 2013 · Sold by John Wiley & Sons

About this ebook

Why investors lose money and how NOT to

Wall Street makes it easy to jump into the game of trading. After all, they love taking your money. Trading without proper preparation could be a windfall for your broker, but fatal for your account. In this e-book, bestselling financial writer and trading expert Van K. Tharp shares eight essential rules that will help you NOT lose your shirt and even make a profit in the world of trading.

In Eight Edges You Must Have: Your Written Trading Plan, Van K. Tharp explains that success in the markets takes the same amount of—perhaps even more—work, study, and commitment that any other profession requires. For those people who are committed to learn how to trade properly, who do the obligatory work and possess the necessary talents, it is quite possible to make a lot of money in the market in the long run. To that end, he outlines the eight key reasons why people lose money in their trading and investing and shows how to avoid them.

• Lists the eight essential reasons people fail at trading—from the fact that you're playing Wall Street's game to the common misconception that trading is technical when in fact, it’s 100% psychological
• Written by recognized trading expert Van K. Tharp, bestselling author of Trade Your Way to Financial Freedom
• Reveals the secrets of trading psychology that can give traders a significant advantage

Utilizing charts and solid data throughout the book, Tharp arms traders with eight essential rules to follow to protect themselves from falling into the traps awaiting the poorly prepared and to maximize their potential for coming out winners in the game of the trade.

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About the author

Van K. Tharp, Ph.D. (Raleigh, NC), President of the Van Tharp Institute, uses a combination of skills and education to fine-tune his strategies to coach, consult and teach traders and investors. Dr. Tharp is the author of four acclaimed books Super Trader, Trade Your Way to Financial Freedom, the New York Times Bestseller, Safe Strategies for Financial Freedom, and Financial Freedom Through Electronic Day Trading. He received his Ph.D. in psychology from the University of Oklahoma Health Science Center in 1975. He is a certified Master Practitioner of Neuro Linguistic Programming (NLP), a Certified Master Time Line Therapist, a certified Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create the successful models of trading and investing upon which so much of his work is based. Tharp has been featured in Forbes, Barron's Market Week, Technical Analysis of Stocks and Commodities, Investor's Business Daily and Futures and Options World, and Trader's Journal.