Trading Books The definitive guide to position sizing Van Tharp

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Trading Books: The definitive guide to position sizing by Van Tharp

This is one of the most comprehensive trading books on the topic of position sizing. Position sizing is simply the method you use to determine how large each position should be after your trading system generates an entry signal.

Van Tharp covers all of the common position sizing models in the book giving clear advantages and disadvantages for each one. Tharp also covers a number of position sizing models that traders should avoid because they are too dangerous and you risk losing your entire account by using them.

The book also includes reviews of many different software packages to test trading systems and evaluate different position sizing strategies.

Traders who really want to optimise their trading to give them the best possible chance of meeting their objectives should read this book. I scored it a 4 out of 5.

[EnlightenedStockTrading]

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[Equality--wzic]

The first 400 pages of "Trade your way to financial freedom" covers the preparation needed to implement this information. Position sizing is the last course before graduation, but don't skip ahead or you won't be able to implement it appropriately. Both great books btw.

[beetrader]

Hi, thanks for a great review. do you have an example where you move from objectives and illustrate the difference in results from different position sizing methods?

[teslarox]

Thanks. Am keen to buy but I can't find it anywhere. Seems weird that it's such a great book but it's not available anywhere. I will keep searching

[chitskanmani]

Thanks for the review, does the book also help option traders define their position sizing with the different strategies like IC, butterfly etc ?

[gustavolobo]

Hey there! Do you recommend this book? Indecisive as to whether it's worth the price tag or not

[judestar]

Nice review Adrian. I’m intrigued that this entire book is about the one subject of position sizing. I’ll be buying this to fill my knowledge gaps of which I’m sure there are lots! You don’t know what you don’t know right?

[delstone]

Here's a book about position sizing - really? Who'd have guessed!