Tharp received his Ph.D. in psychology from the University of Oklahoma Health Science Center in 1975.
Dr Van K Tharp is a certified Master Practitioner of Neuro-Linguistic Programming (NLP), a Certified Master Time Line Therapist, a Certified Modeler of NLP, and an Assistant Trainer of NLP.
Tharp uses his expertise in NLP to create many of the successful models of trading and investing that are currently used today.
He is the founder and president of the Van Tharp Institute, dedicated to offering education products and services for traders around the globe.
Dr Van K Tharp uses his expertise in NLP to create many of the successful models of trading and investing that are currently used today
Dr Van K Tharp is inclined to follow the trend, cuts his losses short and lets his profitable trades mature. He is an advocate of having a trading plan and not swaying from it “so that you can stay in the game”.
No trading position should be large enough to wipe out a trader’s capital if he/she ends up on the wrong side of the trade.
“1% of the equity in a trade (where 1% is the amount you would lose if your stop loss was hit) is a prudent risk. This is smart stock investing advice.
Risking any more than 3% is usually financial suicide and the average trader commits financial suicide all the time without knowing it” said Dr Van K Tharp.
“This all about Trading Psychology” reiterated Tharp.
“When you understand what’s involved in winning, as do professional gamblers, you’ll tend to bet more during a winning streak and less during a losing streak. However, the average person does exactly the opposite: he or she bets more after a series of losses and less after a series of wins,” said Dr Van K Tharp.
Risking any more than 3% is usually financial suicide and the average trader commits financial suicide all the time without knowing it – Dr Van K Tharp
Dr Van K Tharp is a leading international trading coach and a highly rated guest speaker at expositions and conferences throughout the world.
His Unique learning strategies, techniques has produced a string of highly successful traders the most effective in their field. Dr Van K Tharp believes that trading psychology contributed about 60% of success. Tharp developed a “trader test “ to determine what type of trader a person might be- the test is often used by human resource department when selecting prospective traders.
Tharp Trader Test – What type of trader are you?
Dr Van K Tharp is the author of three acclaimed books published by McGraw Hill; Trade Your Way to Financial Freedom, the New York Times Bestseller, Safe Strategies for Financial Freedom, and Financial Freedom Through Electronic Day Trading.
When you understand what’s involved in winning, as do professional gamblers, you’ll tend to bet more during a winning streak and less during a losing streak – Dr Van K Tharp
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Dr Van K Tharp
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