Van Tharp
When you explore his books and articles, you will be posed with questions. These questions are mainly about yourself. Examples include: Why are you trading and what are your trading objectives? Are you responsible for your trading results? Do you have a written trading plan? Do you make trading mistakes regularly? Do you have a trading system that is tested and works? Do you know your exit plan for every position you take? Are you responsible for your trading results? Notice that many of these questions are psychological in nature. He believes that your personal psychology is the most important factor in a trader’s or investor’s success. His works emphasize other concepts as well. In addition to working on yourself, he strongly advocates generating a detailed trading plan that fits your personality, using trading strategies that fit various market and economic situations and effectively using position sizing to meet your trading objectives. His discussion about position sizing are particularly illuminating. I have found all his books very useful in my own development, not only as a trader, but in my overall growth as a person.
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