Jan 05, 2015  I recently found the articles writed by the Dr. Does anyone read his books? Are they as good as I heard? I specially interested in his book 'The definitive guide to position sizing', I tried to download but I couldn't do it. If someone has the book in pdf. Pdf Van Tharp Position Sizing Spreadsheet Formulas Rating: 9,8/10 1677reviews. To offer anyone requiring an online or offline FREE 'Position Size Calculator'.

First let me say this I’ve been on NinjaTrader long before the NinjaTrader 7 version came out, so this is my personal opinion and experience of using NinjaTrade 7 and NinjaTrader 8. The MBox software will work on both but I do not use NinjaTrader 7.

Even though it was a great product when it came out I had some serious issues with version 7 when it came to using Order Flow with DELTA. NinjaTrader 7 only operates on one single core (regardless of what chip-set you have Intel or AMD) and this slows down the processing (calculating the DELTA between bars). Next, you will notice the system will hang (get slow) when new data is being added. My advice is that you DO NOT use WORKSPACES in NinjaTrader 7, this will clog (choke) the system resources and you will have multiple crashes and system freezes. DO NOT use any WORKSPACES on NinjaTrader 7 or 8 (They are cumulative and whatever is in them will keep adding data to the file until it crashes). Trust me on this I've been using NinjaTrader for several years.

DELETE ALL WORKSPACES in NINJATRADER 7 and 8, you should ONLY use templates to load your charts. Yes, it is a bit more work, but your system will RUN EXCELLENT (especially if you do this listed below): Next, you MUST do two Things in NinjaTrader daily for optimal performance: 1.) Clear the database - (First close the connection) then Go to TOOLS then select DATABASE MANAGEMENT: these must be deleted each day (or each time you restart NinjaTrader). 2.) Clear the DB files - Go to your windows documents folder: Select NinjaTrader 7 or 8 and open file. Next, find the folder called: DB once you have selected this open it and it will look like this: Next, the select the following folders: TICK, MINUTE, DAY and CACHE. These must be deleted each day (or each time you restart NinjaTrader) Now I'm going to tell you why the professional traders do not use NinjaTrader 7 or (the FREE version or the LEASED version of NinjaTrader 8. If you got to this page: you will notice there are three different version of NinjaTrader 8. Notice on the one that says OWN (this package is the only one that has the built in Order Flow included: this is the only version the Professionals will use who are trading with DELTA or other Order flow tools.

The reason is because this is the only version of NinjaTrader that has DELTA built into the program and is now NATIVE to the application. This version runs completely different than any of the others in the past. It's extremely fast when calculating the DELTA and the system NEVER CRASHES or HANGS-UP on slow data.

MBidAskVolume (Delta Volume) NinjaTrader 7 Note MBidAskVolume uses an algorithm to compute Bid/Ask and Delta Volume since NinjaTrader 7 does not provide this data. This is achieved by examining the price movement of every single tick, and then classifying it as Bid/Ask to then calculate the Delta volume. The result is very close to native Bid/Ask and Delta. This indicator must be loaded for any delta calculations (DeltaVolume, DeltaPercent, MCumulativeDelta) to work. NinjaTrader 8 Note As of version 8.0.13.0, native Bid/Ask and Delta volume is provided by NinjaTrader 8 for users with a lifetime license. If you don't have a lifetime license, MBidAskVolume will be used instead to compute the Delta. This is detected automatically.

Bottom Line: IF you want NinjaTrader to run optimally use the steps above, if you want to use the Order Flow tools optimally use the Lifetime License version on NinjaTrader with the built-in DELTA that is native and you will experience NinjaTrader at its best. I can tell you from years of experience with NinjaTrader, the new Order Flow version is easier than any software trading platform on the market and has ZERO headaches when it comes to professional trading. Sincere wishes for a good life and (always!). Higher profit$, Matt. I've been getting hit with a one-two punch question and I thought I would share it with the rest of you.

He simply ask: How do you learn to trade, do you learn with Books, videos or documents on the website? The room says training. Isn't this a trading room where you call you out trades? The training is all live.

Because this is Order Flow and working with DELTA. The best results come from the apprenticeship program where you can ask live questions to several different members. Here they can instantly show you on the screen how you need to approach each trade, but more importantly how to manage the trade once you are in the trade. In the beginning I tried to read books, watch videos and went to countless seminars and still couldn't figure out how to trade or how to correctly use a trading software program. So, why is it next to impossible to learn how to trade this way? Think of learning how to ride a bicycle. The SAME as learning how to trade.

If I send you several books, and hours of video would this help? No, the only think it does is wet your appetite for more. Because you are learning in a PASSIVE environment, the only way to become a successful trader (In my opinion) is by ACTIVELY engaging yourself into the learning process by DOING it.

You still do not know how to ride the bicycle because you don't have the skill set of BALANCE. In order to ride the bicycle you need to learn to balance the bike and the helping hand of an adult. The balance, what holds the bicycle upright combined with the forward motion is a critical stage and this only happens through apprenticeship.

Over the years have I have written many.PDF documents and recorded hundreds of videos. I would be lucky if I helped one person in a thousand learn how to trade this way. Now, this is not to say books do not have value, I believe they add a lot of value, but learning how to trade is something is completely different from reading because reading is passive versus action (actively engaged). Think about it, how have people learned any SKILL or TRADE over thousands of years? Through apprenticeship. You learn by working side by side with somebody who is already doing it. They didn't have books and videos thousands of years ago.

Why do you think the MILITARY of ANY nation trains people through ACTION apprenticeship. Because you can't learn how to FIGHT by passively READING a book or WATCHING a video. Why is the MBox room different? First off, we do not have a trading room, we have a training room.

Very big difference. We teach the user how to trade so they don't become dependent on the moderator.

We do not spoon feed traders. We teach them how to fish, so they can fish anytime, anywhere. In other words, if your goal is to just piggy-back off somebody else's trades. then get a hedge fund and save yourself the time of learning how to trade Second, In order to fully explain HOW and WHY the indicators work, I show the user what is going on and educate them on the how the indicator is functioning so you will know how it works. Obviously we don't give out the source code so understanding how the software works can help the inquisitive mind, but it will not help them become a successful trader. Good traders Many great traders are not brainiacs. Most of the really good ones are street smart. Don't be like so many other traders who get stuck in constant discovery mode. Where they incessantly sitting in front of the computer and screwing with new indicators and optimizing parameters looking for the holy grail.

Trading is about learning a skill set and the best way to learn is through an apprenticeship. Becoming a successful trader is a two part process. First, you have to have tools that will give you and EDGE. MBoxWave is a software built to show imbalances in such a way that you can see the EDGE on the screen, this is why IMBALANCES are very important. It's showing you where the line of least resistance is on the data. Here is another thing that drives me nuts. People say: 'I need to know exactly how your indicators are calculated before I can trade'.

This is STUPID and just FAULTY thinking. Let me prove it. Do you understand ELECTRICITY works. I mean can you tell me EXACTLY HOW IT WORKS? No, but you do know how to flip a switch and turn on a light right? So, there you go, you use Electricity every day in your life and you have no idea how it works. Same goes for trading, if you need to know the source code WHY a indicator works.

Do yourself a favor and heed these words. Pick another profession.

Your brain is stuck on the WHY and not the HOW. You don't need have a high IQ or be extremely smart to be a good trader.

But you do need to know how to turn on a light switch and except that the it will stay on until you turn it off. Over the years, those people who understood how to cut losses and get out of losing trade without having to ask WHY is it not working. Were the ones who did very well. If you know how to turn on a light switch and use the tool (in this case the computer) and don't need to know how it's built.

Then you have what it takes to learn how to trade. That's a long answer to your question, but I wanted to make sure you understand the WHY and that the kind of training you get when you sign up with MBoxWave training room. Ed Seykota wrote praise for the book: 'Trade Your Way To Financial Freedom' on the back cover Ed listed three VITAL areas of trading mastery by talking about the essence of professional trading: 1. How to develop winning approaches (Edge) 2. Forget trading for accuracy, trade for Expectancy 3. How to master Position Sizing Ed said: 'If you intend to trade, you'd better know what's in this book'.

I could not agree more, Trade Your Way to Financial Freedom is a book that can turn you into a winning trader. But remember something. ONLY YOU CAN CHANGE and YOU HAVE TO WANT TO CHANGE. Here is something that will probably blow you away.I've been working with traders since 1988 and I can tell you that if I gave out 100 copies of this book, 20 people would read it cover to cover.

Because most people are lazy. Most people have the ability but not the drive. Your life is governed by two principles: PAIN and PLEASURE. If you get enough PAIN it will give you enough leverage to move over to PLEASURE. Want another fact? Out of the 20 people who read the book, only 5 will master and use the position sizing tools and trade for expectancy. Because most people in the trading business just want to be spoon-fed the information, they don't want to think and they sure as hell don't want to take responsibility for any losing trades.

You don't have to like me or what I say, but I speak from experience. If you want this BAD-ENOUGH, you will become obsessed and find a path. Where there is a will, there is a way. Here is a quote from Conor McGregor. What I'm going to share with you is something most of the Twitter trading pros already know and use on all their trades. Let me just say this, teaching people about R-Multiples and Expectancy is NOT SEXY and it's about as exciting as watching paint dry. BUT it's the difference between a WINNER and a LOSER.

Click the Visual Basic command button on the Developer tab of the Ribbon (Alt+LV) to return to the Visual Basic Editor and have a try at editing the code one more time. Friendster layout edit. If something doesn’t work as intended or if the macro doesn’t work at all, you need to return to the Visual Basic Editor and find and correct your error(s).

Ok, let's get on with the show. First, there are some concepts you are going to need to learn first.

Please read these before watching the video so you understand the concepts in the video: Position Sizing: R-Multiples: Expectancy: Van Tharp has some excellent tools and I would encourage you to seek out any additional education to help you master the above concepts. Trust me, I did not master this stuff in a weekend. It took years because back then there was no internet. Visit Van Tharp's Website: (No, I don't get paid a dime to say any of this.

Just trying to point you in the right direction) Second. I'm about to share a Position Sizing tool with you that will help speed up your learning curve about position sizing and how it affects your trading results, but there is a catch. You will need Microsoft Excel to use this tool.

I'm sharing this tool with you because it was given to me and over the years it has helped a lot of traders. So, I'm paying it forward and hope you will do the same. I have added a link to the NOBS Website and Twitter feed so traders can stay in contact and over time, there will be additional trading tools. Here is the Video on how to use the Position Sizing Tool (The download link for the Excel file is below the video). DISCLAIMER: Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.