Van K. Tharp - Trading Expert
Van K. Tharp – Trading Expert
Van K. Tharp has coached traders and investors since 1982, and is also the founder of Van K. Tharp Associates and the International Institute of Trading Mastery, Inc.
Video review of "The Advantages of Trading with a 100% Mechanical Approach – Part 1"
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Rick discusses the advantages and disadvantages of mechanical systems trading. Rick believes that anyone can trade profitably by using purely mechanical systems. He details a success-oriented trading plan and points out several pitfalls that can hinder the success of a systems trader. Rick shows you a breakout system, a reversal system, and a combination system that incorporates both breakouts and reversals. He provides you with complete trading rules for entries and exits for each system.
To illustrate the methods used by research specialists, let us consider the approach used by the analyst for an investment company that has traditionally invested substantially in the public utility business. Electric utility companies constitute the most important group among public utilities. The analyst also stresses these factors: