Trading Beyond the Matrix
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How to transform your trading results by transforming yourself.
In the unique arena of professional trading coaches and consultants, Van K. Tharp is an internationally recognized expert at helping others become the best traders they can be. In Trading Beyond the Matrix: The Red Pill for Traders and Investors, Tharp leads readers to dramatically improve their trading results and financial life by looking within. He takes the reader by the hand through the steps of self-transformation, from incorporating "Tharp Think"--ideas drawn from his modeling work with great traders--making changes in yourself so that you can adopt the beliefs and attitudes necessary to win when you stop making mistakes and avoid methods that don't work. You'll change your level of consciousness so that you can avoiding trading out of fear and greed and move toward higher levels such as acceptance or joy.
A leading trader offers unique learning strategies for turning yourself into a great trader
Goes beyond trading systems to help readers develop more effective trading psychology
Trains the reader to overcome self-sabotage that obstructs trading success
Presented through real transformations made by other traders
Advocating an unconventional approach to evaluating trading systems and beliefs, trading expert Van K. Tharp has produced a powerful manual every trader can use to make the best trades and optimize their success.
About the Author-
Van K. Tharp, PhD, is President of the Van Tharp Institute, where he uses a combination of skills and education to fine-tune his strategies to coach, consult, and teach traders and investors. Dr. Tharp is the author of five acclaimed books: Super Trader, Trade Your Way to Financial Freedom, the New York Times bestseller Safe Strategies for Financial Freedom, The Definitive Guide to Position Sizing™ Strategies, and Financial Freedom Through Electronic Day Trading. He received his PhD in psychology from the University of Oklahoma Health Science Center in 1975. He is a Master Practitioner of Neuro-Linguistic Programming (NLP), a Master Time Line Therapist, a Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create a number of trading and investing models for generating consistent profitability. Tharp has been featured in Forbes, Barron's, Technical Analysis of Stocks & Commodities, Investor's Business Daily, Futures and Options World, and Trader's Journal. He has given talks and workshops in over 25 different countries. His website is www.vantharp.com.
chanting, dancing, receiving “blessings,” forgiving, and “evoking my Divine Presence,” I walked out of the Van Tharp Institute with what could only be described as a new lease on life. I know that sounds trite, but it’s true. On the five-hour drive back home to Washington, DC, I felt incredibly peaceful, as well as grateful. It was a feeling I had rarely, if ever, experienced. If that could happen to someone like me, perhaps there was something useful in it after all. Of course, the feeling
description of each transformation into three parts: the original situation, what I did to achieve the transformation, and a description of the transformed state. Transformation 1: Dropping the Pain of Past Projections Original Situation Negative thinking was a constant struggle for me. With the attitude that “a good joke must be worth a good friend,” I was continuously searching for opportunities to see the deficits in others and to make “witty,” cynical remarks about said deficits. I
portfolio. I had a discussion with the portfolio advisor, and he said, “This is not a good time to sell. You will be selling with a loss, so just wait until you break even.” Unfortunately, we had “Worldcom” in our portfolio, which, as you all know, ended up going to zero. My personal style has always been to do things on my own. I tend to be someone who goes against the crowd. This characteristic of my personality has turned out to be very important for the decisions I’ve made as an
this book. They are given in the tables below in various groupings. When you read the rules, notice what your thoughts are. If you get a big a-ha! out of them, then you probably understand what you’re reading. If you don’t understand them, think they’re an oversimplification, or just want to know what to buy or sell, then you have a long way to go. Let’s start by naming some primary assumptions of Tharp Think that were introduced earlier and then discuss the various implications of each
to markets that relies on thinking about reward-to-risk rather than being right. They also emphasize that great performance is a function of the market, your system, and you. Steps to Learning Tharp Think First, study all the points in the boxes. Some of them are obvious, and just reading them may be an ah-ha! experience for you. Check these off in the space provided. If you don’t understand some of them, reread the chapters in Section I of this book. Other key points may not be so