Trade Your Way to Financial Freedom ,9780071478717

Trade Your Way to Financial Freedom

by
Edition: 2nd
ISBN13: 9780071478717
ISBN10: 007147871X
Format: Hardcover
Pub. Date: 2006-12-13
Publisher(s): McGraw Hill
  • Free Shipping Icon

    This Item Qualifies for Free Shipping!*

    *Excludes marketplace orders.

List Price: $44.10

Buy New

Arriving Soon. Will ship when available.
$42.00
Add to Cart

Rent Book

Select for Price
Add to Cart
There was a problem. Please try again later.

Rent Digital

Rent Digital Options
Online:1825 Days access
Downloadable:Lifetime Access
$47.25
$47.25
Add to Cart

Used Book

We're Sorry
Sold Out

Buy from our Marketplace starting at $9.75

How Marketplace Works:

  • This item is offered by an independent seller and not shipped from our warehouse
  • Item details like edition and cover design may differ from our description; see seller's comments before ordering.
  • Sellers much confirm and ship within two business days; otherwise, the order will be cancelled and refunded.
  • Marketplace purchases cannot be returned to eCampus.com. Contact the seller directly for inquiries; if no response within two days, contact customer service.
  • Additional shipping costs apply to Marketplace purchases. Review shipping costs at checkout.

Summary

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 ofMarket 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.

Author Biography

Van K. Tharp is an internationally known consultant and coach to traders and investors and the author of multiple bestselling books on trading and investing.

Table of Contents

Foreword by Chuck Whitman xiii
Preface to the Second Edition xix
Preface to the First Edition xxiii
Acknowledgments xxvii
PART ONE THE MOST IMPORTANT FACTOR IN YOUR SUCCESS: YOU!
Chapter 1 The Legend of the Holy Grail
3(16)
The Holy Grail Metaphor
6(3)
What's Really Important to Trading
9(2)
Modeling Market Geniuses
11(8)
Chapter 2 Judgmental Biases: Why Mastering the Markets Is So Difficult for Most People
19(28)
Biases That Affect Trading System Development
22(15)
Biases That Affect How You Test Trading Systems
37(3)
Biases That Affect How You Trade Your System
40(4)
Summary
44(3)
Chapter 3 Setting Your Objectives
47(22)
Designing Objectives: A Major Part of Your System Work
49(1)
Tom Basso on Objectives
50(9)
Setting Your Own Objectives
59(10)
PART TWO CONCEPTUALIZING YOUR SYSTEM
Chapter 4 Steps to Developing a System
69(28)
1. Take an Inventory
70(2)
2. Develop an Open Mind and Gather Market Information
72(3)
3. Determine Your Mission and Your Objectives
75(1)
4. Determine the Concept That You Want to Trade
76(5)
5. Determine the Big Picture
81(1)
6. Determine Your Time Frame for Trading
82(3)
7. Determine the Essence of Your Trading and How You Can Objectively Measure It
85(2)
8. Determine What Your Initial 1R Risk Will Be
87(1)
9. Add Your Profit-Taking Exits and Determine the R-Multiple Distribution of Your System and Its Expectancy
88(1)
10. Determine the Accuracy of Your R-Multiple Distribution
89(1)
11. Evaluate Your Overall System
90(1)
12. Use Position Sizing to Meet Your Objectives
91(1)
13. Determine How You Can Improve Your System
92(1)
14. Mentally Plan for Your Worst-Case Scenario
93(4)
Chapter 5 Selecting a Concept That Works
97(56)
Trend Following
98(4)
Fundamental Analysis
102(5)
Value Trading
107(3)
Band Trading
110(6)
Seasonal Tendencies
116(8)
Spreading
124(5)
Arbitrage
129(7)
Intermarket Analysis
136(6)
There's an Order to the Universe
142(6)
Summary
148(5)
Chapter 6 Trading Strategies That Fit the Big Picture
153(36)
The Big Picture as I See It
156(1)
Factor 1. The U.S. Debt Situation
157(6)
Factor 2. The Secular Bear Market
163(5)
Factor 3. The Globalization of Economic Factors
168(4)
Factor 4. The Impact of Mutual Funds
172(4)
Factor 5. Changes in Rules, Regulations, and Taxes
176(4)
Factor 6. Human Beings' Tendency to Play a Losing Economic Game
180(2)
Other Areas You Might Consider
182(1)
Flow Will You Monitor the Big Picture?
183(2)
Summary
185(4)
Chapter 7 Six Keys to a Great Trading System
189(28)
The Snow Fight Metaphor
191(5)
Looking at Expectancy under a Magnifying Glass
196(4)
Opportunity and Expectancy
200(1)
Prediction: A Deadly Trap
201(1)
Real Trading Applications
202(7)
Determining How Your System Will Perform
209(3)
Summary
212(5)
PART THREE UNDERSTANDING THE KEY PARTS OF YOUR SYSTEM
Chapter 8 Using Setups to Jumpstart Your System
217(34)
The Five Phases of Entry
219(7)
Setups for Stalking the Market
226(6)
Filters versus Setups
232(6)
Setups Used by Well-Known Systems
238(10)
Summary
248(3)
Chapter 9 Entry or Market Timing
251(36)
Trying to Beat Random Entry
253(2)
Common Entry Techniques
255(20)
Designing Your Own Entry Signal
275(4)
An Evaluation of Entry Used in Some Common Systems
279(5)
Summary
284(3)
Chapter 10 Knowing When to Fold 'Em: How to Protect Your Capital
287(22)
What Your Stop Does
289(10)
Using a Stop That Makes Sense
299(4)
Stops Used by Common Systems
303(3)
Summary
306(3)
Chapter 11 How to Take Profits
309(20)
Purpose behind Profit-Taking Exits
310(8)
Just Using Your Stop and a Profit Objective
318(1)
Simplicity and Multiple Exits
319(1)
What to Avoid
320(1)
Exits Used by Common Systems
321(3)
Summary
324(5)
PART FOUR PUTTING IT ALL TOGETHER
Chapter 12 There's Money for Everyone
329(56)
How Seven Traders Approach Their Craft
331(7)
How Our Traders Would Look at Five Key Market Situations
338(32)
Results Six Weeks Later
370(10)
Results as R Multiples
380(2)
Summary
382(3)
Chapter 13 Evaluating Your System
385(20)
Several Approaches to Take
386(2)
Expectunity: Factoring in Opportunity
388(2)
The Cost-of-Trading Opportunity
390(4)
Peek Drawdowns
394(3)
Using Newsletter Recommendations as Sample Systems
397(6)
Summary
403(2)
Chapter 14 Position Sizing—the Key to Meeting Your Objectives
405(32)
Basic Position-Sizing Strategies
411(4)
Model 1: One Unit per Fixed Amount of Money
415(4)
Model 2: Equal Value Units for Stock Traders
419(2)
Model 3: The Percent Risk Model
421(5)
Model 4: The Percent Volatility Model
426(2)
The Models Summarized
428(2)
Position Sizing Used by Other Systems
430(4)
Summary
434(3)
Chapter 15 Conclusion
437(18)
Avoiding Mistakes
439(2)
What's Left Now: An Interview with Dr. Tharp
441(14)
Glossary 455(12)
Recommended Readings 467(4)
Index 471

An electronic version of this book is available through VitalSource.

This book is viewable on PC, Mac, iPhone, iPad, iPod Touch, and most smartphones.

By purchasing, you will be able to view this book online, as well as download it, for the chosen number of days.

Digital License

You are licensing a digital product for a set duration. Durations are set forth in the product description, with "Lifetime" typically meaning five (5) years of online access and permanent download to a supported device. All licenses are non-transferable.

More details can be found here.

A downloadable version of this book is available through the eCampus Reader or compatible Adobe readers.

Applications are available on iOS, Android, PC, Mac, and Windows Mobile platforms.

Please view the compatibility matrix prior to purchase.