CD Home Study 
Business Planning For Traders and Investors
Presented by Van K. Tharp

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Trading is too often treated as a hobby. The result of trading as a "pastime" can often turn out to be very costly and frustrating. 

To increase your chances of success and to be super effective as a trader, trading should be treated as a business and then run accordingly. This applies to full time professionals as well as the long term investor who does not trade with frequency. 

Either way, the mind-set of operating your trading activities as a business rather than a hobby is very useful and creates positive results. 

In this comprehensive CD series, you’ll learn all you need to know about setting up a viable business plan for your trading. Van Tharp interviews a variety of special guests and provides you with weekly exercises designed to assist you in preparing your plan as the series progresses.

Part 1: Commitment, Purpose, and Understanding the Self

Learn the essential elements required to start a trading plan. Learn how to use "outcomes" to organize your plan in a way that will really motivate you. And, learn the keys to having a plan that really fits you and your objectives.

• Would You Trade No Matter What?

• Would You Burn Bridges to Be Able to Trade?

• A Committed Trader Shows by Actions (No Excuses, just gets it done)

• A Committed Trader Acknowledges Personal Responsibility

• A Committed Trader Understands Strengths and Weakness

• A Committed Trader Works on Issues as they arise (course)

• A Committed Trader Has Objectives Built into Planning

Part 2: Understand How Your System Fits Into the Big Picture, Macro Economics.

Learn what’s going on in today’s markets.  Learn about the major trends, how to stay on top of them and how to assess each of them in about 30 seconds each.  And learn about some simple methods that will enable you to capitalize on today’s market.

• Factors Involved in the Big Picture

• Systems that will work given the big picture

Part 3:  Build Discipline into Your Plan  

Vision and purpose, plus yearly, quarterly, monthly goals, and weekly goal setting. Plus, how to use state control to get into the appropriate state.

Top down approach to discipline—looking for a result that brings the goals closer.

• Regularly programming yourself

• Use state control to get into the appropriate state

• Ask empowering questions

• You'll want your responses become automatic

Daily use of the ten tasks of trading – discussion of the tasks

• Self Analysis

• Mental Rehearsal

• Low Risk Ideas

• Stalking

• Action

• Monitoring

• Abort

• Take Profits

• Daily De-Briefing

• Periodic Review

Regularly journaling to discover patterns and get in touch with higher self

Discussion on the relationship between exercise and diet and peak performance

Learn the key factors that are essential for any system.  Learn how to develop a strategy with a top down approach using your vision and objectives to create the strategy.

Understand the key factors that are part of any strategy and learn some strategies that are working well today.

• Stops

• R-multiples

• Expectancy

• Position Sizing

• Business Plan Outline in Ten Steps

• Learn About your Personal Financial Freedom Number

• Understanding the Cost of Trading

• Other important business systems

• Personal Psychology

• Commitment

• Expectancy

• Position Sizing

• Discipline

• Worst Case Contingency Planning

Learn about back testing, program and system analysis and how it can take your trading to the next level.  You’ll learn how to get reports that will give you a real edge in trading.

Know Your System Analysis

• Worst Case DD

• Losing Streaks

• Range of Expectancy

• Optimal Bet Size for Objectives

Issues with Know Your System

• Small stops

• Various market conditions

• Correlated positions

Compare your work with other plans submitted to IITM following the teleconference series.  What’s good, what’s weak, and how you can improve what you are doing.  

• Van reviews three new business plans with his special guest. 

• Good points in the plan

• Weaknesses of the plan

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