Dr. Van Tharp: Transforming Traders Through Their Beliefs

In episode 57 of the Desire To Trade Podcast, I interview Dr. Van Tharp, a very well-known leader of the trading industry.

From the start, Dr. Van Tharp has, very similar to me, a desire to have an impact. That is something I admire a lot.

During the interview, Dr. Van Tharp asked me about my own beliefs and we went through the “belief examiner” process, which has been very interesting for me. This has been a key elements for traders' transformations.

Trading mistakes are an important part of this interview. Dr. Tharp says traders should aim for 100 trades with a 95% compliance to their rules.

You never trade the market. You trade your beliefs. - @vantharp Share on X

 

Topics Covered – Van Tharp

• How Van Tharp has transformed traders
• What is a successful trader
• How beliefs influence all traders
  • You always trade your beliefs. The market is only a representation that we interpret based on what we think.
  • No belief is 100% useful, they are only useful in a context.
• Keys to reach a higher level in trading
• The “belief examiner” process
• Position sizing strategies
• You should write down your rules and track when you don't respect them
  • Looking at what your mistakes cost you.
• And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

 

@VanTharp's advice: Become aware of yourself. Share on X

 

Van Tharp's Books

Trade Your Way to Financial Freedom (highly recommended!)

FREE for the listeners: Trading Beyond the Matrix: The Red Pill for Traders and Investors (enter code “desiretotrade” to get it for free!)

Super Trader, Expanded Edition: Make Consistent Profits in Good and Bad Markets

Definitive Guide To Position Sizing

Safe Strategies for Financial Freedom

Eight Edges You Must Have: Your Written Trading Plan (Wiley RealTime Trading)

Financial Freedom Through Electronic Day Trading

More…

 

Other Book Mentioned

Science and Sanity: An Introduction to Non-Aristotelian Systems and General Semantics

 

Free Audiobooks (pick the ones you want!)

How To Find Dr. Van Tharp?

• Website
• Facebook
• Twitter
• Youtube

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