Van Tharp – Business Planning for Traders

Mp3 Audio Program on Business Planning for Traders and Investors

Trading is too often considered as a pastime, which may lead to costly and disappointing outcomes.

To maximize your chances of success as a trader, you must approach your trading as if it were a company. This applies to both full-time professionals and long-term investors who do not trade with frequency.

This complete Audio series will teach you all you need to know about creating a solid business strategy for your trade. Van Tharp interviews a range of notable people and offers weekly tasks to help you prepare your strategy as the series continues.

Part 1: How to Begin a Trading Strategy

Learn what it takes to create a trading strategy and what it takes to be a dedicated trader. Learn how to construct your strategy using “outcomes” in a way that will truly drive you. Learn what questions to ask yourself to verify that your trading strategy is a good fit for you and your goals.

Part 2: Recognize Today’s Markets

Discover what’s happening in today’s markets. Learn about the important trends, how to stay on top of them, and how to evaluate each one in under 30 seconds. Also, learn about some basic techniques for capitalizing on today’s market.

Part 3: Incorporate Discipline Into Your Strategy

Create a trading vision and mission, as well as annual, quarterly, monthly, and weekly goals. Learn a top-down discipline method that involves daily usage of the Top Tasks of Trading, frequent writing, and a healthy lifestyle to help you come closer to your goals.

Part 4: Develop Your Strategy

Learn the main variables for any system: stops, R-multiples, expectation, and position sizingTM tactics. Learn how to create a plan based on your vision and objectives. You will also gain a deeper grasp of the main components that go into each strategy and learn about several methods that are currently performing successfully.

Part 5: Making Your Plan Work

A plan that works for you requires more than simply trading methods. Learn about the many systems that are essential for every trading company plan. A 10-step blueprint will teach you how to operate your trading like a company. Discover your personal Financial Freedom Number and how it factors in to the cost of trading.

Part 6: Give Yourself a Competitive Advantage

Personal psychology, dedication, anticipation, position sizing tactics, discipline, and worst-case contingency planning are some of the main characteristics that will offer you an advantage in your trading company strategy. Make sure you’re secured, and that your company strategy stands out from the throng.

Part 7: How Systems Work and Perform in Different Situations

Discover how back testing, program and system analysis may help you take your trading to the next level. You’ll discover how to obtain reports that will offer you a competitive advantage in trading. The “Know Your System” Analysis discusses worst-case drawdowns, losing streaks, expectation, and optimal bet size, as well as specific concerns that may develop with this program, such as tiny stops, different market situations, and linked positions.

Part 8: Have Your Plan Reviewed and Critiqued

Dr. Tharp evaluates the strengths and limitations of three trading company designs. Compare your work to other plans submitted to Dr. Tharp after the teleconference series to understand how you may improve.

Format:

This item is now available as MP3 files and download documents through our e-learning course site. To access the content, you must first check in with your Google ID. A Google id is an email address from Gmail, YouTube, or any other Google-hosted email account. If you do not already have a Google ID, you may create one by visiting https://accounts.google.com/SignUp.