Dr. Van K Tharp Series: Trader Self-Evaluation

Below is another article written by Dr. Van K Tharp, reprinted with permission.

He is a well known figure in the world of financial markets. I find his works to be very useful to my trading venture.

So, traders out there, do read this article and absorb as much as you can.

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Dr. Van K Tharp Series: What Is a Trading System?

Below is an article written by Dr. Van K Tharp, reprinted with permission.

He is a well known figure in the world of financial markets. I find his works to be very useful to my trading venture.

So, traders out there, do read this article and absorb as much as you can.

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I want to become a floor trader! How do I become one? (CBOT, NYSE, CME, NYMEX)

I’ve always been passionate about stocks, commodities, currencies, and trading the financial markets as a whole. One of my aspirations is to become a floor trader.

What’s a floor trader you ask? Well, have a look at this video first:

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Fundamental Analysis & Technical Analysis – Food for Thought

In the world of trading and investing, there’s been a constant battle between fundamental analysts and technical analysts. One party says fundamentals are the ones to look for while another party objects and say technicals are the only one needed.

Well, here’s what I think:

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Why Most Fail in Stocks & Commodities – Traders’ Perspective

This is a video that I found on YouTube as to why most traders fail to succeed in trading stocks and commodities.

The person in the video is a floor trader based in Chicago.

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The LT Seminar. Pure B.S.

Wondering what B.S. means? It means, Bull Shit.

I recently received a DVD of an organisation presenting a seminar about trading. Let’s refer to the seminar as the LT Seminar. Not going to name names here.

It was a two-hour presentation and I thought to myself, hmmm, might be able to learn something new here.

Indeed, there were bits and pieces of new things I discovered, but all in all, I thought it was pure crap. It was a classic sales pitch of nothing more than to get new clients on board.

They pitched the idea of trading financial securities (stocks, FOREX, commodities, and etc.) and presented the audience with their so-called “amazing” trading system. To join them, you need to only pay 10 grand. Yup, ten big ones! $10,000…

Looking at the system, I suspect that it’s nothing more than a hyped up moving averages. A knowledge that you can get by spending 30 bucks at your local bookstore.

They claim that trading is easy and simple, and it only takes minutes per day and you’ll make truckloads of money! Get real! If it was that easy, we would have had many people becoming millionaires by becoming traders. Many books that I’ve read refute this belief. A majority of people wanting to become traders have failed.

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Market Wizards by Jack D. Schwager

Title: Market Wizards
Author: Jack D. Schwager
ISBN: 13 978-0-88-730610-5
Number of pages: approximately 500 pages

For those aspiring traders, just-starting-out traders, or professionals, this publication is an absolute must! If you have not read this book yet, then hold the thought of assigning the TRADER credentials by your name. Yup folks, the book is that amazing. Not to mention important.

The book compiles a number of interviews between the author, Jack Schwager with various traders.

Here are a few traders that you’ll be reading about:

  • Michael Marcus, who turned $30,000 into $80 million
  • Paul Tudor Jones, whose funds have registered triple-digit gains five years straight
  • Ed Seykota who realized an amazing 250,000 percent return on his accounts over sixteen years
  • and lots more..

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