[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-56378-en":3,"doc-seo-56378-105":29,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},56378,687197207919,"Theodora","https://ap-avatar.wpscdn.com/avatar/a000253d6f5f7c60be?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779446848396160552",8,"Research & Report","Trade Your Way to Financial Freedom","A comprehensive guide to developing and evaluating a trading system with an emphasis on the trader’s own judgment and decision-making. The book explores common psychological biases that hinder progress, then walks through setting clear objectives, selecting workable concepts, and building a system through measurable steps. Key topics include expectancy, entries and setups, stops to protect capital, profit-taking exits, and position sizing models, supported by practical frameworks and summaries throughout.","TRADE YOUR WAY  \nTO FINANCIAL FREEDOM  \nVAN K. THARP  \nForeword by David Mob& Sr. xiii Acknowledgements xvii Preface xxi  \nPART ONE  \nTHE MOST IMPORTANT FACTOR IN YOUR SUCCESS: YOU!  \nThe Legend of the Holy Grail 3 The Holy Grail Metaphor 6 What’s Really Important to Trading 9 Modeling Market Geniuses 11 Summary 14  \nchapter 2  \nJudgmental Biases: Why Mastering the Markets Is So Difficult for Most People 17  \nBiases That Affect Trading System Development 20 Biases That Affect How You Test Trading Systems 35 Biases That Affect How You Trade Your System 38 Summary 41  \nChapter 3  \nSetting Your Objectives 45  \nDesigning Objectives Is a Major Part of Your System Work 47  \nTom Basso on Objectives 48  \nSetting Your Own Objectives 57  \nPART TWO:  \nCONCEPTUALIZATION OF YOUR SYSTEM  \nChapter 4  \nSteps to Developing a System 61  \n1. Take an Inventory 61  \n2. Develop an Open Mind and Gather Market Information 63  \n3. Determine Your Objectives 66  \n4. Determine Your Time Frame for Trading 66  \n5. Determine the Best Historical Moves in That Time Frame and Notice What Those Moves Have in Common 69  \n6. What’s the Concept behind Those Moves and How Can You Objectively Measure Your Concept? 70  \n7. Add Your Stops and Transaction Costs 72  \n8. Add Your Profit-Exits and Determine Your Expectancy 73  \n9. Look for Huge Reward Trades 74  \n10. Optimize with Position Sizing 76  \n11. Determine How You Can Improve Your System 77  \n12. Worst-Case Scenari-Mental Planning 78  \nChapter 5  \nSelecting a Concept That Works 81  \nTrend Following 82  \nFundamental Analysis 86  \nSeasonal Tendencies 91  \nSpreading 99  \nArbitrage 103  \nNeural Networks 110  \nThere’s am Order to the Universe 120  \nSummary of Key Points 126  \nChapter 6  \nUnderstanding Expectancy and Other Keys to Trading Success 130  \nThe Six Keys to Investment Success 130  \nThe Snow Fight Metaphor 133  \nLooking at Expectancy under a Magnifying Glass 137  \nExpectancy and R Multiples 143  \nExpectancy Applied to the Market 148  \nUsing Expectancy to Evaluate Different Systems 152  \nA Review of How to Use Expectancy 158  \nPART THREE:  \nUNDERSTANDING THE KEY PARTS  \nOF YOUR SYSTEM  \nChapter 7  \nUsing Setups 165  \nThe Four Phases of Entry 167  \nSetups for Stalking the Market 172  \nFilters versus Setups 179  \nSetups Used by Well-Known Systems 184  \nhnmary of Setups 196  \nChapter 8  \nEntry or Market Timing 198  \nTrying to Beat Random Entry 200  \nCommon Entry Techniques 202  \nDesigning Your Own Entry Signal 220  \nAn Evaluation of Entry Used in Some Common Systems 224 Sunmary 229  \nChapter 9  \nKnow When to Fold ‘Em: How to Protect Your Capital 233  \nWhat Your Stop Does 235  \nUsing a Stop That Makes Sense 243  \nSummary: Preserving Capital 248  \nStops Used by Common Systems 249  \nChapter 10  \nHow to Take Profits 254  \nPurpose behind Profit-Taking Exits 255  \nJust Using Your Stop and a Profit Objective 263  \nSimplicity and Multiple Exits 264  \nWhat to Avoid 265  \nSummary 266  \nExits Used by Common Systems 266  \nChauter 11  \nThe Opportunity and Cost Factors 270  \nSeveral Approaches to Take 270  \nFactoring in Opportunity 273  \nThe Cost of Trading Opportunity 275  \nSummary 278  \nChapter 12  \nWhat Do You Mean Position Sizing? I Only Have $10,000 in My Account! 280  \nPosition-Sizing Strategies 284  \nModel 1: One Unit per Fixed Amount of Money 286  \nModel 2: Equal Value Units for Stock Traders 290  \nModel 3: The Percent Risk Model 292  \nModel 4: The Percent Volatility Model 296  \nThe Models Summarized 298  \nExamples of the Impact of Position Sizing 300  \nSummary 306  \nPosition Sizing Used by Other Systems 307  \nchapter 13  \nConclusion! 314  \nAPPENDICES  \nAppendix I: Recommended Readings 325  \nAppendix II: Key Words Defined 328  \nIndex 337  \nF O R E WO R D  \nThe title of Chapter 1 of this book is: “The Legend of the Holy Grail.” “The Holy Grail” is a phrase you often hear in some trading and investment circles. Most people believe that it refers to some mysterious trading system out there that is going to make them milli","cbCaigISJj3UsAkT","https://ap.wps.com/l/cbCaigISJj3UsAkT","pdf",3585157,1,183,"English","en",105,"# Part One: The Most Important Factor in Your Success: You!\n## The Legend of the Holy Grail\n## Judgmental Biases: Why Mastering the Markets Is So Difficult for Most People\n## Setting Your Objectives\n# Part Two: Conceptualization of Your System\n## Steps to Developing a System\n## Selecting a Concept That Works\n## Understanding Expectancy and Other Keys to Trading Success\n# Part Three: Understanding the Key Parts of Your System\n## Using Setups\n## Entry or Market Timing\n## Know When to Fold ‘Em: How to Protect Your Capital\n## How to Take Profits\n## What Do You Mean Position Sizing? I Only Have $10,000 in My Account!\n## Conclusion!\n# Appendices\n## Recommended Readings\n## Key Words Defined\n## Index","[{\"question\":\"Why is mastering the markets so difficult for most people, according to the book?\",\"answer\":\"It attributes difficulty to judgmental biases that interfere with trading system development, testing, and execution.\"},{\"question\":\"What are the core steps for developing a trading system?\",\"answer\":\"The framework includes taking inventory, gathering market information, defining objectives and time frame, identifying historical commonalities, measuring the underlying concept, adding stops and transaction costs, determining profit exits and expectancy, seeking reward trades, optimizing position sizing, and planning for worst-case scenarios.\"},{\"question\":\"How does the book evaluate trading success and different systems?\",\"answer\":\"It centers evaluation on expectancy, explains expectancy through R multiples, and applies expectancy to 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