Preview Mode Links will not work in preview mode

Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

Sep 12, 2016

Van Tharp: Transforming Traders Through Their Beliefs

Show notes:

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.



Topics Covered - Dr. 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!