|"Q: I see a lot of ads for stock-trading systems, and want to try one that really works. How can I educate myself about this? Can you suggest any reading material?
"A: The problem with many of those canned stock-trading systems is that they work only if you apply them to past stock-market movements because they are based on historical prices. There's a strong possibility that they won't work in the future.
"The people who sell these systems can't guarantee them, yet they are happy enough to accept payment for them.
"If you must trade stocks, you might as well develop your own trading system -- one that suits your personal objectives and temperament. That is no easy task, but there are some books that will help you do it.
"One that approaches the problem as intelligently as any is
'Trade Your Way to Financial Freedom,' by Van K. Tharp, an investment teacher and consultant with the Van Tharp Institute in North Carolina.
"It includes highly detailed, yet beginner-friendly, discussions of the factors that are most important in creating a trading system, such as when to enter or leave the market and how much money to risk on each trade. After absorbing the material in this book, you will have the grounding you need. Then it's up to you."
Moneybag Arthur M.
Louis, San Francisco Chronicle, November 6, 2005
"...By analyzing the personalities of
winners and losers, Tharp has identified traits that correlate to . . . success and
The Dow Jones and
"the specialist who helps (his clients) unearth and
change their unprofitable states of mind."
Stocks and Commodities
"Tharp forces you to face things. You cant put a
price on that."
"His consulting clientele includes
some of the best performing traders in the world.." "He is commonly
regarded as one of the worlds foremost authorities on high-performance futures and
Futures and Options World
"Van K. Tharp, Ph.D. was the
only trading coach interviewed in the original Market Wizards. Hes written a home
study course for traders and investors; edits a monthly newsletter, gives five different
seminars, and has a supertrader program.
Top Performers Tend to
Seek Out The Best Coach To Give Them The Extra Edge
"From his office in Raleigh, Capital of North Carolina,
U.S., psychologist Van K. Tharp heads the International Institute of Trading Mastery, a
profitable business that attracts a growing number ...who want to turn market success into
Revista Bovespa Magazine,
Brazil, South America
Dr. Tharp has been singled out as one of the worlds topmost authorities on
successful trading as featured in Jack Schwagers authoritative book, Market Wizards.
he puts in six nine-hour days a week and has a six month waiting list..."
"...Dr. Van K. Tharp, one
of the worlds top authorities on investment psychology."
"...we did a simple exercise together. At the end of that exercise, he (Tharps
client) was a totally changed person. He called me two months later and said he had
made over $650,000 trading in markets."
excerpt from Market
"Working with Tharp helped Webster (Management
Group) confirm its belief in the core set of philosophies expressed in its trading
systems... Networking and the chance to hone its business plan were both important
benefits for Webster."
Private trader featured in Smart
Money Magazine as a successful at-home trader... and comes in 2nd in the $50,000+
class of the U.S. Investing Championship
"Every time I return from a seminar or a
consulting session, I feel noticeable change and improvement... Thank you Van and
everyone at IITM."