Super Trader: Make Consistent Profits in Good and Bad Markets,   ISBN:9780071632515

Customer Rating: 

As a standalone book, this work leaves much more to be desired. It deals with the topic of psychology integrated with trading. However, for students of market trading - this book leaves many white spaces. It is really not a complete work. If you are serious about trading youneed to revisit the writings of Toby Crabel and Linda Raschke in order to learn from real traders and hedge fund managers. These could be found here or on Ebay. Many of their works are already out of print.

Customer Rating: 

I don't think is waste of money. However, I was a big fan of Mr. Tharp and I think that "Trade Your Way to Finantial Freedom" was the best trading book I ever read. So, my expectations were very high. "Super Trader" disapointed me. Too much psychological and spiritual stuffs for me.

Customer Rating: 

I've read most of Dr. Tharp's books but this one really inspired me to continue my quest to find a "Holy Grail" trading system. I have followed all the suggestions in the book and through self examination have improved my trading to a level I once thought could only be a dream. This book will convince anyone that the real key to developing a safe dependable trading system is self! The "Holy Grail" is you! In the past I had always asked myself: "Why would a person be writing books and teaching others if they could really make the kind of money they claim in the market"? I have discovered that this "Belief" was one of many beliefs that were holding me back from really making good profits. I now understand that Dr. Tharp has found his Holy Grail a long time ago and that, now, helping others learn this is part of his quest! Thanks to Dr. Tharp, I have found the Holy Grail!

Customer Rating: 

This book is one of the essential books you will need if you are serious about becoming a successful trader. While this book does not have systems to trade or charts with moving averages and technical indicators, it does have what is most important to becoming a successful trader. In depth information about successful trader psychology and risk management. These two elements of trading determine whether you are profitable or lose most of your money. I am an active and successful trader and I agree 100% with the principles presented in this book. Van Tharp advises to trade with a clear mind and do not allow issues in your life to creep into your trading. He gives you a web address where you can take a trader test to see what kind of trader you are. You must build a trading system that fits your personality to be successful. He covers all types of systems for traders but this book does not go into detail about specific entries and exits. Your trading system and entry are not as important as risk management and your discipline to follow your system. If you follow a tested system with a long term positive return to risk, and you stop your losses at predetermined amounts, while also letting your winners run with trailing stops, and are able to keep your ego out of your trades, you will be successful. As a new trader I never understood why books talked about these concepts so much, as a seasoned trader I know how ego and emotions can take over and you start wishing and hoping while losing your precious capital. I now understand why all the books I read years ago urged stop losses and taking them quickly when they are hit, this one principle will save you a small fortune. I really enjoyed how the author taught the concept of risk in this book through the use of 1R representing a unit of risk. He shows how to calculate whether a system is profitable and the expectancy of profits through measuring the R variables of 30 trades. Risk $200 and make $1000 you have a +5R winner. If you average +1R a trade for 30 trades you can expect to have +30R in profits which would be $6000. Very useful concept in understanding how to make a living trading.
I am one of the top reviewers of trading books here on Amazon having read over one hundred of the best trading books. I have also traded for over 10 years, and been very profitable for the last 7 years, even making profits in 2008. While other reviewers have criticized Van Tharp for being a teacher instead of an active trader, I say that Van Tharp has traded on the past but his passion is teaching and running a business. I am very picky about who I take advice about trading from, wanting the credentials of a seasoned trader who has managed and traded real money. To me Van Tharp is like a Bill Walsh was in the NFL, no one criticized Bill Walsh for not getting and playing in a game, because he was so good at coaching Joe Montana and Jerry Rice. Van Tharp is to trading what Bill Walsh was to the NFL, he has a passion for teaching and creating systems so super stars can go to new levels of achievement. This book is easy to read and understand and has captured tradings key principles to success, it is a must have. I highly recommend.

Customer Rating: 

The most valuable book ever to decide if trading is for you or not. This book will not give you any hot tips or 'magic' formulas, instead it will help you to find the magic inside yourself to start on the long-long journey. Highly recommended,