Super Trader

In this summary you will learn

• Why understanding your psychology is more important to successful trading than understanding the markets
• What smart traders do to make money consistently
• What “position sizing” is and why it’s a crucial trading tool

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Why you should read Super Trader

Most people who want to make a killing in stocks and bonds think all they need is an account and some cash, but really what they should start with are formal business plans and basic trading know-how. Traders mistakenly believe they’ll score big if they can predict the markets, but smart trading has nothing to do with guessing the future. Would-be investors should first take the time to understand themselves and their motivations, so they can avoid emotionally sabotaging their investments. Considering all this, buying lottery tickets might sound like an easier road to riches. But don’t fret; help is at hand. “Super trader” Van K. Tharp explains what you need to know about yourself and about trading to make money. He invites you to use his proven techniques, savvy suggestions and expert advice to cruise successfully in both bull and bear markets. While you may need some analytical trading expertise and more than a little patience to follow Tharp’s sometimes meandering, stream-of-consciousness views, getAbstract appreciates his idea that investors should know how they think, how they feel and what they’re doing before putting their skin in the game.

About the Author

Van K. Tharp, trading consultant and coach, is the founder and president of the Van Tharp Institute. He is the author of several bestsellers on investing and trading.