2 of 2 people found the following review helpful
on December 10, 2009
After having put many Years into developing a very specific Swing Trading System myself for the Forex Market ... Van K's book has encapsulated two specific areas that I needed ... into words. 1) The Six Keys to a Great Trading System (derived from interviewing many successful Traders) and 2) Position Sizing (not for the faint of Heart). Aside from all of the other necessary elements ... like conceptualization to understanding R multiples ... Tharp has set out thee Model for System building by defining and explaining what is necessary to grasp a hold of in Your thinking process beforehand ... step by step. I would have to say that this book is for those who have already committed themselves into this arena. If You consider yourself apart of the mature audience (have already lost a Trading Account or two) and haven't given up and are seriously working on Your own specific System ... then get this book. Tharp is deceptively simple in his purposeful yet thorough way of explanation. I suppose this comes from years of teaching Traders the "How To's" of the Game. The Holy Grail lies within You and Tharp gets You believing it again ... if You've already got at least an intermediate foundation of resolve and experience.
on July 14, 2014
Great book! This has completely changed the way that I view success in trading for the better. This has helped me to start to develop my own trading plan and system. The risk management and R multiple stuff is key. I knew risk management was key but did not understand how to put it all together until now. I also knew that a system was important, but didn't know where to start in creating and evaluating one. This has really opened my eyes and given me a solid foundation for the rest of my trading life. Not a novice book, but a great intermediate book. I recommend to all intermediate traders.