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Course
Objectives:
• To familiarize you with the psychological
pitfalls of system development. At the very least, it’s critical that
you understand that you only trade your beliefs about the market, not the
market itself.
• To help you understand the key concepts and
steps in system development, including expectancy, R-multiples, system
quality and position sizing.
• To help you understand the power of objectives
and how objectives influence your results, to give you practice
strategizing with some objectives in our simulations, and to help you
understand what is required of system development objectives. If you
understand the power and importance of objectives and use this sort of
strategizing to meet them, then your whole approach to system development
will change.
• To help you understand some of the key concepts
that you could trade that actually work:
• Trend following, especially trends based upon
fundamentals.
• Band trading.
• Value trading where value is defined as buying
things at pennies on the dollar.
• Mental scenario trading.
• Seasonal tendencies when these are "real"
and not statistical abnormalities.
• Spread trading and arbitrage.
• To help you define what "R" will be
for you in your trading and develop appropriate setups, entry, and a stop
loss.
• To familiarize you with the key parts of a
system and give you good examples of each part.
• To help you decide what criteria you might have
to meet before you are willing to trade a system. These are going to be
based upon your own values, not someone else’s.
• To make you more familiar with the key to
meeting your objectives—position sizing—so that you have a good chance
of meeting your objectives.
•
To teach you how to determine just how good your system is whether it is a
Forex day trading system or a stock value investing system.
We can do that now and you can finally learn whether or not you
have a decent system.
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Now
What
Kind of Trader are You?
Are you a low-risk investor who
just wants to make small, consistent profits each month with only an
occasional loss? Learn
how to develop a system that will allow you to develop a unique
methodology that will give you that kind of consistency!
Are you a gutsy trader who’d
like to make yearly profits of 100 percent, 200 percent or even 1,000
percent per year? It’s
possible, although risky, and you can learn that too.
The interesting thing is that you can do it in such a way that the
only money you are risking is the money you’ve already made from the
market. That’s real
leverage! And, you’ll learn
about it in the creative money management section.
Only
about 5% of the world’s traders and 10% of the world’s investors,
consistently make big money. What these winners do is not complex. In
fact, simplicity is one of the keys to making money. And you can do it
too! I’ve modeled this process and can teach you how to develop your own
trading system that fits your own style of trading.
Our job is to teach you what you
need to know to become a peak performing trader or investor.
Why
develop my own system? Isn’t it easier to just go buy a system with
proven results?
There
are hundreds, if not thousands, of trading systems that work.
But most people, after purchasing a preexisting
system, will not follow the system
and trade it exactly as it was intended.
Why not? Because the
system doesn’t fit them or their
style of trading.
One
of the biggest secrets
of successful trading is finding a trading system that fits you.
In fact, Jack Schwager, after interviewing enough “market
wizards” to write two books, concluded that the most important
characteristic of all good traders was that they had found a system of
methodology that was right for them.
When
someone else develops a system for you, you don't know what biases they
might have. But when you develop your
own system, it will be compatible with your
own beliefs, objectives, personality and edges.
And that will make it much easier for you to trade.
Furthermore,
most of the system development software for sale really encourages some of
the trading biases that I see as detrimental to overall trading
success.For example, give a system developer enough leeway and that person
will have a system that perfectly predicts the moves in the market and
makes thousands of dollars on paper with certain historical markets.
Most software allows people to optimize to their heart's content.
Eventually, they will end up with a meaningless system that makes a
fortune on the data from which it was obtained, but performs miserably in
real trading.
Most
system development software is designed because people want to know the
perfect answer to the markets. They
want to be able to predict the markets perfectly.
As a result, you can buy software now for a few hundred dollars
that will allow you to overlay numerous studies over past market data.
Within a few minutes, you can begin to think that the markets are
perfectly predictable. And
that belief will stay with you until you attempt to trade the real market
instead of the historically optimized market.
Many trading accounts have plummeted from this very thinking.
One “sure-thing” trade placed without proper position sizing
can wipe some traders completely out of the game.
Our
job in this course is to teach you what you need to know to develop your
own system. The material you will learn is not market or time-frame
specific. So whether you trade stocks, futures, currencies or gold, etc.,
or whether you place 50 trades per day or 50 trades per year, you will
learn all of the components that work in any system.
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Now
Three
Critical Secrets You Can Adopt to Develop a Superb Wealth-Building Formula
If you concentrate on these
three secrets --
which 95 percent of all traders and investors totally ignore --
then you can vault yourself into a class that only a few have been able to
achieve.
ONE:
You must concentrate on the most important
task of system development. If
you do it properly, it will take at least half of your time during the
development process. When
you learn what it is, you’ll say, “Of course it’s important,” but
you’ll still probably spend very little time on it.
This critical task is developing sound objectives.
To develop a system that fits you, you need to really think about
what you want. It’s not a
trivial task.
There
are at least 30 questions you need to address when you develop a trading
system. Dr. Tharp takes you through each step—one by one.
When you finish, you’ll know exactly what’s important for you.
TWO:
A good investing/trading system has
10 key components. Most people
ignore six or seven of them when they do their research.
In fact, you’ll never see a book on system development that
covers more than six of them. That’s
the limitation the average trader has in doing research.
You want big profits with as little risk as possible, so you want
every advantage possible when you start to develop such a system.
You should be able to take
advantage of eight of these components easily after hearing the CDs.
And, with a little more effort, you’ll be able to use all 10.
If you use all 10 with competence, you’ll be among the top one
tenth of one percent of all traders and investors in the world.
THREE:
Most people concentrate on the least important element in
system development --
entry. They also ignore the most important element -- position sizing. “Developing a Winning Trading System
That Fits You” will teach numerous position sizing algorithms that peak
performers use. In addition,
you’ll learn numerous position sizing algorithms that will help you
lower your overall risk, while at the same time, helping you achieve more
consistent performance.
If you’re more adventurous,
we’ll show you how to really go for really big returns using the
market’s money. When you use
these super money making techniques, you could make 1,000 percent on your
money each year, risking mostly the money that the market has given you.
•
You’ll learn the secret
behind how one trader turned $10,000 into $1.1 million in less than a
year. He traded a volatility
breakout system, but the key to his profits was his money management.
•
In addition, we’ll also show you how another group of
traders have taken over $100 million out of the market over the last 10
years! They traded a channel
breakout system, but the real key to their success was the money
management. Learn the advantages and disadvantages of both these styles.
This sort of adventurous trading is very risky.
You could lose a substantial amount of money if you’re not
careful. As a result, we’ll
show you all the pitfalls so that you thoroughly understand the risk
involved.
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Now
Eleven
Money Making Secrets You Will Learn From This Trading System Development
Program:
1. You’ll
get specific ideas for making better market entry and exit decisions.
2. You’ll also get
specific position sizing ideas from the author of the soon to be published
Definitive Guide to Position Sizing.
And it is only through position sizing that you’ll be able to meet your
trading objectives. The CDs
and the manual contain lots of information you’ll want to review over
and over again.
3. You’ll
be introduced to the psychological pitfalls that hold back so many people.
Just knowing about them will help you avoid them.
4. You’ll
work through Dr. Tharp’s model, developed after 15 years of research
with top traders and investors, on how to design, develop, and customize a
trading system in the most effective way possible.
5. You’ll
learn new approaches to the markets and new techniques for analyzing them.
There are 15 concepts
behind most trading systems. Most concepts, including some of the
most popular, are meaningless. But
you’ll learn about the ones that work best.
6. You’ll
get practical trading ideas.
7. Dr.
Tharp’s research on a random-entry trading system will be explored.
You’ll learn how it works. Incidentally,
the system earns between 0.5 percent and 11 percent per year on various
historical tests, despite adding $100 for slippage and commission on each
transaction. Yet the entries
are totally random!
8. You’ll
learn about expectancy and how expectancy is shaped by your exits from the
market.
9.
You learn how to determine just how good your system is.
And with this information you’ll be able to compare day trading
systems on one market with long-term investing systems in another market.
It doesn’t matter..this method will tell you just how good your
system is.
10. Fifty
percent of system development is designing sound objectives.
You’ll hear ideas on developing sound objectives for traders and
investors.
11. Co-presenter
Chuck LeBeau, former co-editor of Technical
Traders Bulletin and co-author of Computer
Analysis of the Futures Market, has 25 years of experience in the
markets and he’s widely known for his specialized knowledge of technical
analysis and his trading skills.
This
Is the kind Of Information You Will Listen to and Read About Over and Over
Again
Imagine
yourself being in a room full of professional traders and investors.
Each of them controls at least $5,000,000 in trading funds.
Some of them control over a billion dollars.
And these top traders and investors are gathered together to help
you!
Imagine
that your goal is to develop the perfect trading system for you.
You probably already have a goal like that, don’t you?
So imagine that you could ask them any questions you wanted and
they will give you honest, straightforward answers.
Think about all the secrets you’d learn.
Imagine
what would happen to your profits when you applied that material and used
it to develop a system that was perfect for you and your personality.
The results would be incredible.
It
sounds great, but how could you meet all of these top traders and
professionals? And if you did,
how would you know what to ask them? Would
they tell you the truth?
It
would be difficult. But you
can have the same experience because Market Wizard Trading Coach, Dr. Van
K. Tharp, has done the work for you and collected it into this winning
package. He has spent over 15
years working with the top people in the field, interviewing and studying
thousands of top investors and traders.
Dr.
Tharp Has Discovered Certain Little-Known Secrets About Doing Research that
You Need to Know if You Want to Develop an Effective System That’s Right
For You!
Dr.
Van K. Tharp is an expert. He
is a very consistent, astute, and systematic researcher of human behavior.
He has personally interviewed hundreds of top traders to determine
what makes them excel in their profession and collected psychological
profiles from over 5,000 traders and investors.
With this information, he
carefully crafted a model that people like you can adopt to improve your
own skills. When Jack Schwager
interviewed 16 of the world’s best traders and investors for this
best-selling financial book, Market
Wizards, he also interviewed Dr. Tharp as a peak performance coach in
his book.
You
Can Achieve Tremendous Results Like that Too!
“If
one person can achieve great success, then that skill can be taught to
others—in fact, to almost anyone. I’ve
proven this formula in helping to develop top traders and investors. Now,
I want to offer you the same incredible opportunity to make big money.” --
Van K. Tharp Ph.D.
What
Does This Program Contain?
This audio program was
recorded live from two separate workshops.
It contains a complete three day workshop plus nine additional
hours. This is material that
will change the way you look at systems and system development forever.
And many of our clients listen to these CDs over and over and over
again just to get all the subtle details they sometimes miss on the
earlier reviews.
The
comprehensive manual encompasses over 340 pages and acts as a guide, a
workbook and an instructor through your system building journey.
(Review
Table of Contents)
Here’s
What Other Students Said…
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“Your
system workshop simply changed the way I approach system
development… my profits are significantly higher and could have paid
my workshop costs ten times since then.” --
L.M., Atlanta, GA
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“Superb.
Every section of the workshop was stuffed with information.
I couldn’t take notes fast enough (so I opted to just
listen). Lots of creative
ideas worthy of further research” --
R.W., Superior, CO
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“Due
to attending your workshop entitled How to Develop a Winning Trading
System that Fits You, I have had a radical shift in my perception of
how to achieve consistently successful trading.” --
M.S., Shropshire, England
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“Excellent!
I never thought of how many separate elements went into a
system. I now have the
knowledge and confidence to develop a system for myself.” --
B.F., Huntington Station, NY
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“Very
useful to see first hand the real risks of ruin, over-trading, etc.
The workshop was very helpful to me in laying out the specific
tasks I must complete.” --
B.C., Toronto, Ontario, Canada.
-
“Having
been to all of Van’s workshops on system development, this one was a
repeat for me. However, I
still gained a great deal from the workshop --
the creative money management strategies section was especially
thought provoking. This
workshop is a must for any trader, beginner or experienced.
Well done Van.” --
K.T., London, England
How
To Know If This Study Program Is Right For You
Are you willing to roll up your
sleeves and work at designing objectives and risk parameters for yourself?
If you are, and you’re willing to apply the principles we teach
you, then you’ll love this package. You’ll end up with a system
that’s just right for you!
We’ll teach you one of the real
secrets of success --
how to use all the system building blocks to design a trading system in
such a way that it fits your personality and style of trading or
investing.
In the process of learning how to
do this, you’ll probably come up with dozens of winning systems that
will work because they’ll be based on criteria that fit your situation.
Remember, this audio series is about giving you the tools you need
to design your own system. We
do not give you a system that has already been developed.
That would defeat the whole idea of developing a system that fits
you.
The concepts and ideas you will
learn could easily improve your trading overnight.
Most importantly, the information you learn, once it’s properly
applied, could easily vault you into a new superstar wealth and success
status within a few years. You’ll
understand why super traders continue to make money while everyone else is
losing their shirts.
What the
Home Study Program is Not:
Developing a trading system encompasses
many parameters including the capital you have available, the type of
markets you’re trading, the type of money management rules you are
applying to your trades, your psychology, and other resources which are
available to you. Our audio series is comprehensive in that it
discusses each of these aspects.
However, it is not a step-by-step program
focusing on a particular type of trading system. That would be against our
principles because only you can decide what’s right for you based upon
your specific objectives. When you understand that you’ll be on your
way towards developing an ideal system for you. We
don’t give you specific trading systems.
Instead, we give you trading ideas that make a lot of money and we
show you how to adapt them to make them your own.
And we do it because that’s the only way you’ll ever trade it.
The
Research Can Take Most of Your Time And Energy –but Dr. Tharp Has
Done the Hard Part for you
So
much of the research has been done for you.
Think how much time, energy, and money you can save with this fact
alone. You can focus on the
more important aspects of trading system development and Dr. Tharp’s
model. Most of you will
probably save thousands of dollars —
certainly many, many times the cost of the program.
Most traders who are really committed to doing research will
probably spend a significant amount of money and time just to find the
same information, which will be presented in this program.
Some traders have invested more than a million dollars in research
to arrive at the conclusions you’ll find in this program.
Chuck
LeBeau
Chuck
LeBeau has dedicated the last 27 years of his professional career to the
art and science of system development. If there’s an angle on better
trading system Chuck’s either investigated it, invented it, or tested
it. Chuck is the co-author of Computer Analysis of the Futures Market,
a perennial favorite among system developers. He has also been a frequent
guest lecturer at the University of Southern California where he teaches
fundamental and technical analysis of futures in their MBA program. Chuck
is the former co-editor of Technical Traders Bulletin. He’s widely known
for his specialized knowledge of technical analysis and his trading
skills. He is now a professional developer of trading systems and operates
a website devoted to system development topics.
"Waiting
until you have lost money to review the system is an inexcusable mistake,
but that is the standard approach system traders have always taken."
Chuck LeBeau from his feature interview in Stocks and Commodities,
November 2003
Your
Satisfaction Is Guaranteed!
Are
you a success-driven person who is committed to using these building
blocks to create a masterpiece? Will
you roll up your sleeves and do some research, as we point the way and
give you lots of ideas? If
you’re that sort of person, then I’m willing to guarantee that you
will be totally satisfied. Absolutely!
Order now and we’ll prove it to you.
You will have one full year to develop your system and apply the
principles taught. At the end
of the year, if you are not satisfied that the information has improved
your trading, send back your audio program, along with the system(s) you
developed and a journal showing your trades, and your objectives.
If you have followed the steps and are still not satisfied, we will
refund the full price of your audio program.
All we ask is that you follow the model and do the work.
Call right now while you’re thinking about it.
We’re at 919-466-0043 or 800-385-4486.
We’ll be happy to answer your questions.
Remember,
the program is a better than risk free proposition to you.
We guarantee your satisfaction.
If that makes sense to you, order now.
It’s that simple.
Order
Now -Order on
line or call 919-466-0043 or 800-385-4486.
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