Super Trader, Expanded Edition by Van K. Tharp

Author:Van K. Tharp
Language: eng
Format: epub
Publisher: McGraw-Hill Education
Published: 2011-07-14T16:00:00+00:00

What Are Your Tactical Trading Strategies?

Part 3 of this book discusses trading strategies in more detail, so I’m going to list only a few of the questions you should consider asking yourself here:

1. What are three noncorrelated strategies you can use that fit the big picture?

2. Do these three strategies cover the six major market types?

• Bear volatile

• Bear quiet

• Sideways volatile

• Sideways quiet

• Bull volatile

• Bull quiet

In other words, do you know how your system performs in each of these market types? Do you have all of them covered, or are there some markets that you’ll avoid trading?

3. What setups do you use before entry? Are they any more accurate than 50%?

4. What is your timing signal for entry?

5. How do you assess the reward-to-risk potential of the trade?

6. What is your worst-case loss going to be, and how is it determined?

7. How will you take profits?

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.