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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.
"Trade Your Way to Financial Freedom" is a very helpful guide written by Van Tharp for those people who want to enter financial market and make their presence felt with huge gains over a period of time.I read this book by borrowing it from my friend who is a sucessful option trader. I am closely associated with him and seen his ups and downs in option trading.To everybody's surprise,there was a sudden improvement in his trading skills and financial conditions and then onwards he never looked back.As he has attributed his success to this book and its author, I took my time and read it. Now I am also a option trader like him and my financial freedom is not far away.I selected a most suitable trading approach among many choices explained in the book by Van Tharp. I recommend this book to people who are eager to enter financial market and make a life out of it.
I am not a wall street trader but I am a fascinated of financial operation and I am studying to become a trader so I have to read a lot to gain my objectives. I have been operating for two years and I think that this book and many interest could change my way to trade into a more professional one adjusting my thinking to my trade.
When I first starting trading and investing, all I wanted was a hot stock tip. I didn't want to put in any hard work, I didn't want to do research, I just wanted to either be told what to do, or make a quick choice based on gut instinct, and hope for the best.
As I started to work on wall street, I came to learn the complexity and the magnitude of information available. It can be overwhelming. I also learned, slowly, that there are thousands of different ways to make money in the markets -- from long term investing, to incredibly short term trading.
One of the major points in Van Tharp's book is that in order for YOU to make money in the markets, you have to know what makes you comfortable. This was an invaluable lesson for me, as I'd been trying to trade in a way that didn't suit me: when I make a profit, I get antsy, as I've watched too many profitable trades go against me because I sold too late. That's OK -- that just means I should incorporate, say, a trailing stop into my personal trading system.
Van Tharp provides many different kinds of systems and approaches, without favoring any. His intent is to let you read them over and see what sparks your fancy. For me, this was invaluable, as I really appreciated the information and did find myself having strong reactions to certain trading systems, and rolling my eyes at others.
This is no quick fix (and anyone who says there is one is trying to sell you something that's probably not worth your money). But if you have the time and the determination, this book will set you on your way to building yourself a profitable, and personal, trading system.