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Gwenn:
My problem with Van Tharp are the inferences drawn from his
slick Madison Avenue style of advertising. For example, a friend
of mine attended his "How To Find A Trading System That Fits
You" (I'm paraphrasing here) seminar. For a few grand all the
participants got was a discussion about various methods that
could be derived from reading a few books. I would not have
been happy. I would have wanted to leave the seminar with a
system for me with an edge. This same guy also attended his
one on one shrink session. Well, ole Dick is basically the same
guy and to my knowledge his trading hasn't changed dramatically.
Like psychoanalysis, the whole NLP concept was spawned to
generate careers for psychologists. There is an old shrink joke,
which a lot of them agree with, that asks how many psychologists
does it take to change a light bulb? Only one, but the light bulb
has to want to change. Again, anyone investigating the arena of
NLP gets the impression that rapid and dramatic changes in the
psyche will occur in a very short period of time. Well, I can tell you
categorically, it didn't work for me at least and I have had my fair
share of therapy! The point is that an individual can be an icon of
psychological health and still lose big time in the markets if they
don't have their own system with an edge. I'd love to be privy to what
percentage of traders who go to Van Tharp's seminars finally find
success? You need a system with an edge and all the psycho-babble
in the world doesn't deliver on that issue.
Charles
PS: I have taken his Investment Psychology course and found it
to be helpful for gleaning additional insights into myself and the
importance of trading psychology.
-----Original Message-----
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
To: 'ericrogers@xxxxxxxxxxxxx' <ericrogers@xxxxxxxxxxxxx>; Scalp1
<Scalp1@xxxxxxxxxxxxxxx>
Cc: Real Traders <realtraders@xxxxxxxxxxxx>
Date: Thursday, July 01, 1999 2:44 AM
Subject: AW: Van k.Tharp
>He doesn't trade the markets, but is a savvy businessman. Successful people
>always have something to teach you, even if it is not related to strictly
>trading. His strengths are in getting you to balance your psych and the
>concepts of money management. Don't expect to get trading systems or things
>like that from him, but rather an understanding of what you are doing and
why
>you are doing it.
>
>Depending on the way you look at it, it is worth a lot, or you leave it
aside,
>but you don't lose much...
>
>Gwenn
>
>| -----Ursprungliche Nachricht-----
>| Von: Norman E. Phair [SMTP:ericrogers@xxxxxxxxxxxxx]
>| Gesendet am: Wednesday, June 30, 1999 6:26 PM
>| An: Scalp1
>| Cc: Real Traders
>| Betreff: Re: Van k.Tharp
>|
>| Mr. VKT has probably obtained financial freedom because
>| of the course he teaches and the books he sells.
>|
>| Norman E.
>|
>| > Scalp1 wrote:
>| >
>| > Has anyone read Trade Your Way To Financial Freedom
>| > by Van K. Tharp, pros/cons ????
|