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Van Tharp trading course

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With your experience with tradesim and understanding of Money management and its application with regard to maximizing R/R Id be surprised if you got a lot out of it.
 
Thx tech. Looking for more pyschological training. Can always use more of that. Seemed the course might cover it. (Yes, have read the usual books.)
 
I would highly recommend it too. One of the best trading psychological training out there. Understand the cognitive biases in full details and ways to improve your internal conflicts.
 
M/S.

Don't know if this will help but I over came any psychological issues by cutting my parcel size down.
I did this by risking only 1% and not the 2% initially.
Now at times I'll risk 3%.
I have a trading account which has nothing to do with any other finances.
If I lost the lot it wouldn't effect my life.

Trading then comes back to the numbers game!
 
M/S.

Just to add to Johns train of thought .... How long has it been since youve read Nicks 'Adaptive Analysis' ... i.e., the first 50 pages.


sleepy :D
 
I have a 4 DVD set sent to me by a friend.. called Secrets to Profits.. by Van Tharp... have no idea what is on it... will get time to go through it one day soon I guess and let you know what I think.. I think.. if you were in Perth I'd give you a loan of it.. :)
Cheers
..........Kauri
 
Temjin[/i]

Have you done the course? How did it help you? I've heard from others who don't recommend it, so wondering what are the positives?


Tech

Thx for the suggestion. Money management is under control though.


Sleepy

Honestly, I was disappointed by the first 50 pages of Nick's book. It didn't seem to add to what I've already learnt. But as I've said money management is not an issue. I'm looking more for pyschological education to deal with biases and internal conflict resolution.

Kauri

I live a loooonnnggg way from Perth but thx for the offer anyway. :D
 
MS+Tradesim said:
Temjin

Have you done the course? How did it help you? I've heard from others who don't recommend it, so wondering what are the positives?
Click to expand...

Sorry for the late reply.

I have attached a copy of the special report by Van Tharp. Read the second last article on "Spring Clean Your Trading - Ten Important Questions to Ask Yourself" and should give you a little more detail on what you may be getting out of the Peak Performance trading course.

In case people are wondering on the "price" tag on the top right corner. This report was offered free for download as a promotional offer on Van's site. (or I think it was from an email that I receive from him regularly)

Regardless, all I can tell you is that the course is extremely useful and very enlightening. The only way you can get benefit out of the course is to be fully committed to the whole training.

Gym is a physical conditioning.
This course is a type of mental conditioning. You will find it hard, actually, VERY HARD, initially to overcome your own personal biases to do his exercises. Trust me on that one. :D

I can understand why people don't recommend it. Their personal biases got to them and have not really open their minds to this kind of mental conditioning. They are still searching on the holy grail of trading psychology. This is as close as it can get, that is whether you believe it or not.

Good luck.
 

Attachments

  • Special_Reports_by_Van_Tharp3.pdf
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The Van Tharp money management report is pretty good.
But all the stuff in it is covered in his book.
 
Temjin, thx for the followup. I will reply moe when i get *a new keyboard. I spilt vodk*a on this oe *and it seems to h*ave soe hiccupts. Hoe this is underst*and*able. :D
 
no wonder you need more psychological training.

best to do away with the vodka first and really face your problems:)
 
Temjin said:
This course is a type of mental conditioning. You will find it hard, actually, VERY HARD, initially to overcome your own personal biases to do his exercises. Trust me on that one. :D

I can understand why people don't recommend it. Their personal biases got to them and have not really open their minds to this kind of mental conditioning. They are still searching on the holy grail of trading psychology. This is as close as it can get, that is whether you believe it or not.

Good luck.
Click to expand...

Greetings --

Your comment about how hard it is for people to overcome their personal biases in order to trade a system is the reason I recommend that everyone involved in trading system development design their own objective function. Your own objective function will incorporate your own personal biases, and trading systems that score well using your objective function will be easier to trade.

Thanks,
Howard
 
Alriggghttyyy....!

After weighing up pros and cons and people's experiences from here and PM replies, I outlined the possibilities as:

Worst case: course is total waste of money. Since the cost of the course is way less than my average loss which is only 0.5R then it's not a lot of money.

Base case: I get one good idea which pays for the course. I've lost nothing and gained an insight

Best case: I gain a number of valuable insights and additional control over my psychology resulting in ongoing enhanced performance.

The R/R is overwhelmingly in my favour so took the plunge and bought it. Along with the course I ordered the Investment Psychology Inventory (IPI) which seems to be a Myers-Briggs type assessment but focused on trading rather than overall personality profiling.

The course material arrived in a professional layout (would hope so for the price). It includes 5 manuals and 4 CDs. Please see the link on OP for more info on content. I've briefly skimmed through the manuals and it looks like good stuff - all focused on psychological development. The point of the IPI is to outline areas which need special attention and the course material is structured so that you can dive straight into the relevant sections. As my IPI was balanced and extremely positive, I've decided to just go through the material from start to finish. (If anyone is interested in seeing what the results of the IPI look like I'm happy to post them).

Will update as I progress.
 
Still working on this. I'm reading the whole course through once to get an overall feel and then go back through in detail and work through all the exercises.

Can honestly say this is excellent and that I can't think of anyone who wouldn't benefit so long as they are prepared to tackle their psychology. My trading is already very profitable with over 150% closed trade profits from calendar '07 and another 100% or so in profits still open. My point in mentioning this is only that even very profitable and successful traders can benefit. As long as I really assimilate this course material I would expect calendar '08 to be another successful year even with USA going into recession. It's very timely dealing with this stuff at the moment.

I'll give a brief review once I've finished reading through the first time.
 
trading courses

well theres a lot out there... it depends on their focus

www.econtrader.com

its for free and perfect for people thinking about trading stocks plus www.investopedia.com is more comprehensive and has dictionaries on terms.
you couldnt run out of resources on the net and most importantly
buy investment books they help a lot...
 
MS+Tradesim said:
Has anyone done this?

http://www.iitm.com/products/course/peak_performance_crse.htm

I'm contemplating it and would appreciate any comments if you have done it.
Click to expand...

Dr Van K. Tharp is an author, psychologist and trading coach, and generally is well respected among traders. Author of the well known 'Trade You Way to Financial Freedom and now his later, 'Safe Strategies for Financial Freedom'.

I'd probably read his book first. But otherwise he's probably one of only a handful of people that I would ever pay to sit and listen to.

Regards
kam75
_____________________________
http://www.sharesmadeeasy.com
 
Let say I've read the entire course TWICE before even started trading almost 2 years ago and it has helped me tremondously in many ways. It paints me with a mindset way before I started trading and I would say it might well have provented me from wiping out my trading account. You still make mistakes, yes, but at least you know WHY you have made it and know how to fix it.

(unlike those who have made mistakes and still have absolute no idea why they keep doing it)

So if you are committed, then get it. Highly recommended.
 

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