Making head or tail of it all can be difficult. Using one of our full service Share/Equities advisers can be short cut to more successful trading/investing. These professionals can be a valuable sounding board for you the trader/invester.
How many times have you wanted to buy a stock, only to see it fall 10-20 per cent after you thought it had bottomed? Or been reluctant to buy a stock you thought was too expensive, only to see it rise further?
Benefits our share/equities advisers can provide include:
Psychology of Trading
Perfectionism, Gambling, Unnecessary losses, Not being able to pull the trigger….
These are just some of the issues that traders contend with in the markets day in and day out. What causes us to think this way and how can we learn to become better and more profitable traders? ….read more
System Development
Everyone is looking for the holy-grail in the markets. How do you find the ideal trading system, the stock that is going to take off or that one big winner with your name on it?
There are hundreds, if not thousands, of trading systems that work. But most people, after purchasing such a system, will not follow the system or trade it exactly as it was intended. Why not? …read more
Risk and R-Multiples
Risk to most people seems to be an indefinable fear-based term – it is often equated with the probability of losing, or others might think being involved in futures or options is “risky.” Van’s definition is quite different to what many people think …read more
Sizing Money Management / Position Sizing
Position sizing is the part of your trading system that tells you “how much.” How many shares or contracts should you take per trade? Poor position sizing is the reason behind almost every instance of account blowouts…read more
Expectancy
One of the real secrets of trading success is to think in terms of risk-to-reward ratios every time you take a trade. Ask yourself, before you take a trade, “What’s the risk on this trade? And is the potential reward worth the potential risk?” What can I expect my trading system to do for me in the long term? ….read more
Business Planning
The market does not owe you or anyone great riches. The market does, however, occasionally tease a large number of people with seemingly easy gains (during bubbles and other manias) only to take them away again. If you are serious about being a good trader, then you need to approach the practice of trading with the same level of rigor with which you would approach any high level endeavor …read more
Dr Van K Tharp's books
Trade Your Way to Financial Freedom and
Safe Strategies for Financial Freedom, they will certainly start you in the right direction
We strongly recommend that you read these books to gain a foundation of the critical concepts that you need to be successful as a trader.
These concepts
include risk (R), R-multiples, expectancy, and position sizing.
To become a great trader, you first need a solid psychological foundation and an understanding of the trading process (what great traders do).
Second, you need to think about your trading activities as a trading business and developing a business plan for your trading. Dr. Tharp's book, Financial Freedom Through Electronic Day Trading, has one of the best chapters on developing a business plan.
Third, you need trading systems that fit you. Most people want to start here, at the technical side of trading, however, we don’t recommend that.
Dr. Tharp's studies reveal that all of your psychological biases and issues will enter into any trading system development that you do if you have not taken the time to work on yourself as the core of your trading. Thus, once you’ve completed your business plan, then you’ll really be able to develop a trading system that fits you.
You have many options depending on your needs and resources. Consider what your goals are and this will help determine what alternatives are best for you.
May we help you?
Call our office and we’ll be glad to help you. (1300 787 108 or 07 5574 3880) or contact us.
Explore our site at www.investmasters.com. Be sure to click on products, located at the top of each page, and just drill down to get all the information you need.
