TRADE YOUR WAY TO FINANCIAL FREEDOM (BY VAN THARP)

Here is the link.

1. Trading that fits
2. The notion of R - risk
3. Exiting techniques
4. Opportunity 
5. Position sizing 

Not a "one" size fits all 

4 characters    

R The risk you predefine before entering a trade

Amazon 

Buy $1600

Stop: $1500

1R Your risk = $100

$400 = 4R profit 

Trading is not a marriage - match personality

3 exiting techniques:
  percentage exits - step out at a 7-8% loss - take the loss and move on
  time exits -
  volatility exits - might be just market noise -

percentage risk model - 1R = 10% of capital

Case study of three people

Stubborn steve - always 1R - $2,000 dollars
Risky Rachel - percentage risk model - 10% of total - increase/ decrease, increase if winning, decrease if losing
Conservative charlie - 2% rule - 2% of capital risk