Trading is your path to financial freedom. V. Tharp
We present to you another attempt to combine basic knowledge about stock trading in one book; its creator, Van Trump, is the author of many books on this topic.
Previously, you had the opportunity to get acquainted with the books:
Super trader or how to make money on the stock exchange in any conditions and
Intraday trading, secrets of mastery .
The book allows you to learn everything a beginner needs in order to become a successful trader on the stock exchange, from psychological aspects to creating your own trading system.
Summary of this book:
2. Shallow Thinking - a chapter on why most people fail to succeed in the stock market.
3. Setting goals - how to correctly determine the goal and make it part of your strategy.
4. Step-by-step development of the system - a detailed description of the stages of creating a trading system, where to start your trading on the market.
5. The process of choosing a working strategy - all about what strategies are, their types and options for use in trading.
6. Determining expectations - and other key points in trading, the most common methods used in the study.
7. Use of settings - phases of entering the market, settings used in trading systems.
8. Choosing a place to open positions – the danger of accidental entry, searching for your own signals to open trades.
9. The ability to leave on time is the best way to protect your own capital.
10. How to make a profit - the main methods of taking profits, conclusions that allow you to reduce the amount of losses.
11. Transaction frequency factors - some points that are influenced by the frequency of opening transactions.
12. Strategies for managing position size – optimal size, risk calculation, these indicators in various trading systems.
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