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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« Psychological Rule #7: Self-Honesty is Critical | Main | Poker and Trading »

Psychological Rule #8: You Never Trade the Market, You Trade Your Beliefs About the Market

I've stated this rule before in prior posts, but I'm restating it again because it is an import rule as well. You can look at earlier posts for more about this subject. However, I wan't to make two important subpoints here. First, you can only trade a system that fits your beliefs, so you must look at those beliefs carefully. Are they valid beliefs? Are they your beliefs? And while you can find facts that support every belief and usually have them or you wouldn't have the belief, you need to ask yourself, "Are my beliefs useful? Do they help me make money?" (And making money may not be your criteria for usefulness).

Second, beliefs that are supported by strong emotion are usually difficult to change if they have a strong charge on them due to some psychological trauma. Even if you decide they are not useful, they'll be difficult to release. You must release the charge on them first before you can change them. And this is part of what is necessary to eliminate self-sabotage.

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