By Manju Gupta
Super Trader: Make Consistent Profits in Good and Bad Markets, Van K Tharp, Tata McGraw Hill Education Pvt Ltd, Pp 287, Rs 695.00
The author of this book provides a holistic approach for becoming a successful full-time trader. His system – a meld of investing psychology and sound trading practices – is the secret to achieving optimum conditions that produce results in both bull and bear markets. Using the term, ‘super trader’, he advises you to approach trading as you would a small business – realistically, systematically and enthusiastically.
Drawing on his decades of experience, the legendary trading coach Tharp creates a simple plan designed to help one successfully navigate the market. Each chapter focuses on one concept critical to trading.
The book is divided into five parts, beginning with the first part being devoted towards the psychology of trading.
The information in this book will help put you in the right frame of mind to trade. Tharp does not offer specific trading strategies like many other authors, but empowers the trader to do proper work. Many struggling traders often jump from trading strategy to strategy in search of the Holy Grail and once you accept them, then here is no Holy Grail in trading and you can begin to put together a solid trading plan.
(Tata McGraw Hill Education Pvt Ltd, 7, West Patel Nagar, New Delhi – 110 008)