Position sizing ™ techniques when used properly can make all the difference in the world to your trading results. Position Sizing is recognized far and wide as a critical component of successful trading.
You will learn the key profit-making secrets that only the experts know: Position sizing and expectancy.
Trading is about the management of risk. But the failure rate among traders and investors suggests that many do not fully understand the concept of risk. This presentation by Daryl Guppy tackles risk head-on by showing traders and investors how to identify the risk component in each trade. Guppy walks you through the financial calculations and then shows you how to match these calculations with chart-based analysis. This is the key to trading high reward opportunities with low risk and is also the essential foundation for the most effective techniques in setting stop loss points. These calculations can provide a solution for position sizing, which can more precisely control risk.
Trading is too often treated as a hobby; the result of which can often turn out to be costly and frustrating. To increase your chances of success as a trader, you need to treat your trading like a business. This applies to full time professionals as well as the long term investor who does not trade with frequency. In this comprehensive Audio series, you’ll learn all you need to know about setting up a viable business plan for your trading. Van Tharp interviews a variety of special guests and provides you with weekly exercises designed to assist you in preparing your plan as the series progresses.
An introduction to the basic concepts needed to trade any market.