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Five Steps to Consistent profits
Wed, Feb 4 2009, 11:56 GMT
by The Trader's Journal Collaborators
This article is taken from the Trader's Journal magazine (December 2008 issue)
The author, Dr. Tharp, is the author of three acclaimed books published by McGraw Hill. The New York Times Bestseller, Safe Strategies for Financial Freedom with co-authors Steve Sjuggerud and D.R. Barton, Trade Your Way to Financial Freedom, and Financial Freedom Through Electronic Day Trading. In addition, Tharp is the only trading coach featured in Jack Schwager’s best selling book, The Market Wizard’s: Interviews with Great Traders.
- Dr. Van Tharp outlines five important steps necessary to becoming a consistently profitable trader.
The goal of my Super Trader program is to help people develop a full-time trading business that produces consistent, above average profits under a variety of market conditions. This means that you can perform profitably in up markets (both quiet and volatile), in down markets (both quiet and volatile), and sideways markets (both quiet and volatile). To help traders reach this goal, I have designed a five-step approach. If you are reading this, you are probably interested in this sort of performance, even though you may not be part of the Super Trader program. My objective in this article is to familiarize you with the five steps.
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Other article in this issue:
Published on Wed, Feb 4 2009, 11:56 GMT
DPR International Pte Ltd
| One Raffles Place, OUB Centre #18-01, Singapore 048616
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Legal disclaimer and risk disclosure
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the authors and the publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. In commodity trading, as in stock, and mutual fund trading, there can be no assurance of profit. Losses can and do occur. As with any investment, you should carefully consider your suitability to trade and your ability to bear the financial risk of losing your entire investment. It should not be assured that the methods, techniques, or indicators presented in this magazine will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples in this magazine are for educational purposes only. This is not a solicitation for any order to buy and sell. The information contained herein has been obtained from sources believed to be reliable, but cannot be guaranteed as to accuracy of completeness, and is subject to change without notice. The risk of using any trading method rests with the user.Related reports
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