Trading system
by The Trader's Journal Collaborators
The Trader's Journal
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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