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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« Mistakes | Main | Trade Currencies on the Stock Market »

Three Aspects of Trading

I think it's important for everyone to understand that there are three keys to becomming a master trader. You must treat trading as a business and develop a thorough business plan to guide your behavior. That plan should include such things as a worse contingency plan and an overview of all of the factors influencing the markets.

Second you need several well-research, non-correlated trading systems that fit the big picture as you outlined it in your plan. These should have a strong postiive expectancy and be high quality systems.

And third, you need on ongoing discipline to take you through the day to day tasks of trading. Part of this should be the ten tasks of trading and part of this should be an ongoing program of working on yourself.

While all of this seems like it might be easy, we've found that it takes about 2 years of dedicated work to build these first three items up to a professional level.

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