i have read his book super trader over and over again but im really having a hard time understanding how does he calculate the numbers in the book
after looking at this table several times
1 $678 0.86R
2 $3,456 4.40R
3 ($567) –0.72R
4 $342 0.44R
5 $1,234 1.57R
6 $888 1.13R
I've just downloaded and had a play with this. First 3 levels are free.
I don't get it! What can be learnt from this other than don't go over 2% and don't go too much under 1%? Am I missing something?
Why does he make it so that you have to sit there with your calculator entering the...
I am currently looking to design a trading system and am reading various literature on all aspects of this. One concept that has confused me a little is the % volatility model of position sizing (ps). My current understanding is based on the Van Tharp explanation and my issue is this...
Tharp's latest book 'Super Trader' is a bit different to most other books. At long last he (and Seykota and Basso) are admitting success in trading is all psychological - the whole thing, 100%. Why he then goes on to describe position sizing and business plans...well I haven't got that far...
I've recently read the book by Van Tharp - Definitive_Guide_to_Position_Sizing
and i think it's a great read on the topic of determining how to best select position sizes for your trades.
I have a question however regarding the system quality number Van Tharp uses to determine...