Dr. Tharp offers unique learning strategies, and his techniques for producing great traders are some of the most effective in the field.
Over the years, Dr. Tharp has helped people overcome problems in areas of system development and trading psychology, and success related issues such as self-sabotage. He is the founder and president of the Van Tharp Institute, dedicated to offering highquality educational products and services for traders and investors around the globe.
While Dr. Tharp’s expertise is in the area of finance, his mission is to touch people in a way that changes them for the better. In his books, courses, and workshops, he uses the financial metaphor to do so.
The markets are a process not a think. When you turn it into a thing and give it characteristics and represent it a certain way, you need to realize that that representation is made up. It’ represents your beliefs. Thus, you must trade useful beliefs – meaning that have value (i.e., make you money) in a wide context and will work for a lot of people. And here its important to know that beliefs are not true, but we can call them facts if they work in a wide enough context.
There are multiple factors that influence the outcome of a trade. And this is what systems thinking it about – it’s not just your trading system, but there are also about 15 total systems that we’ve identified that could impact your trading.
And the fact that the most important system in this pandemic is the You factor. If you understand how to master that factor, then you have a good chance of doing a lot more than surviving.
Perfectionism, gambling, unnecessary losses, not being able to pull the trigger ... these are just some of the issues that traders contend with in the markets every day. What causes us to think this way, and how can we learn to become better and more profitable traders? Dr. Tharp believes that aside from your personal psychology?your position sizing strategies are the most important factor in your trading success. Tonight?s presentation will discuss the basics of position sizing strategies and Psychology, and the dramatic difference they can make on your results.