About Me

Name:
Van Tharp, Ph.D.

Location:
North Carolina

> Van's Bestselling Book -
Re-released and fully updated

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Hobbies:
Spiritual studies, stamp and art collecting, movies, music and dancing.


Welcome! I am Dr. Van K. Tharp. I am the founder and president of the Van Tharp Institute and am regarded as an international leader among professional trading coaches and consultants.


I have been helping others become the best trader or investor that they can be since 1982. I offer unique learning strategies, and my techniques for producing great traders are some of the most effective in the field. Over the years I have helped traders overcome problems in areas of system development and trading psychology, and success-related issues such as self-sabotage.


To learn more about me, my personal newsletters and my trading game – please visit me at the Van Tharp Institute at www.iitm.com.

I am also a regular contributor on the Trading Education website. For more of my insights, you can sign up for their free weekly trading newsletter at www.TradingEducation.com.

 

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« Bold Statement | Main | Self-Sabotage »

So why can't everyone make 100%

If you can easily develop a system that makes 121R in a YEAR, then why don't most people make 100% each year?
The answer to that question is simple. PEOPLE MAKE LOTS OF MISTAKES. I define a mistake as not following your rules and if you don't have a business plan or written trading rules then everything is a mistake.

So here is how it works. Let say each mistake is worth 2R. Suppose you make 1 mistake each week. In a years time, you make 104R worth of mistakes. If your system only makes 121R - then because of mistakes you only make 17R. And most people, during a large drawdown, usually abandon the system totally and think they cannot trade it.

With that in mind, my whole Peak Performance Program is designed to teach people how to avoid repeating mistakes. And if you keep making the SAME mistakes, then that's what I call self sabotage. But that's another story.

Van

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Comments

Who wouldn't want 100% gain over a year (or less)? The key is discipline. I'm new at the investing world and have starting with your book "Trade Your way to Financial Freedom", great book btw. So much to learn, thank you for sharing!

Keep up the great work on your blog. Best wishes WaltDe

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