![]() They trade the systems at more than 99% efficiency-less than one mistake per 100 trades. Additionally, the candidate's best strategy is to write down his conceptual trading ideas and hire a programmer to write code to see if the ideas really have an edge. After applying the Tharp Think rules, the candidate became aware about his weaknesses and strengths, and having confidence in them has led him to use them to their maximum potential. Finally, he hired someone else to trade the system because this other person had no psychological investment in the trades and was being paid for mistake-free performance, thus they could trade it with nearly 100% efficiency. At this point, Id like to go back to good old Van Tharp and talk to you some of the techniques he uses to estimate. Then he found someone to help him program various systems he had developed in an automated trading platform. First, he figured out how important Tharp Think was. He does an amazing job of applying the Tharp Think rules. In this chapter, a Super Trader candidate makes his transition to trading in 2000 at the top of the tech bubble-a difficult and treacherous environment that taught him valuable lessons in discipline and risk management. ![]()
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