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 listeners 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.
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.
©2013 Lake Lucerne LP (P)2013 Audible, Inc.
This books is mostly advertisement for other products the author offers (most cost several hundred dollars and some are not available anyway)
Even though i would not recommend this books at all, it does have some positive things (hence the reason i gave it 2 stars).
The book is written as several testimonials about how good Dr. Tharp's workshops are
The book is divided into 3 parts the first part Dr. Tharp emphasizes the importance of position sizing and says that one should have different systems for each different market (Bull, Bear, Etc).
unfortunately that's all the trading advice you'll get from the book after that the book becomes a self help, spiritual guide. Where Dr. Tharp students testify that trading in peace and accepting what the market does without the need to be right will make you happy.
I am sure that the 2nd and 3rd part (about physiology and spiritual awakening) will help some people...
But, as far as trading is concerned, the book and this review are equally helpful. The book might be a little deeper, but since the way that book is written is so convoluted even if you would like to go back and read again some part (that you found helpful) you actually need to read a whole chapter about how much good you will get from paying Dr. Tharp a few hundred dollars.
I was expecting another great Van Tharp book only to find out it wasn't written by him. Rather it was written by his students. The whole book talk about how God can help you with trading, and is all his students talk about is how great his paid courses. I feel like the whole book is advertisement to enroll in his Supertrader courses. I didn't learn anything from the audiobook. It was a waste of my time, and I had to skip a few chapters that was so boring, and non-trading related that I fell asleep. I was thoroughly disappointed.
If you are not familiar with Dr. Tharp he has been coaching professional traders since the early 1980's. Read Market Wizards, which has a chapter dedicated to Dr. Tharp, and you will get an idea of the caliber of talent he has coached, mentored, and developed over the years.
Dr. Tharp has created a program, which he calls his Super Trader program, where he has aggregated all of his work with top traders and created a course for others to follow. A modeler of peak performance in the trading arena Dr. Tharp lays out all of the lessons required of his Super Traders before their graduation in this book. The cost of the Super Trader program ranges between $60,000-$90,000 according to their site and they claim you are receiving $120,000 worth of instruction for that price.
The book, which is a great read for entertainment alone, is really an outline of the entire Super Trader program for a fraction of the cost. The book covers topics ranging from personal psychology and self development to trading strategies, expectancy, and position sizing (all of which are crucial to success).
The book outlines his Super Trader's journeys and how they master his concepts. Dr. Tharp weighs in throughout the book but you get a perspective of how and why each of the concepts are important through the trader's eyes. The traders range from male to female, spiritual inclined to type-a personalities. This offers wide ranging insight into the truth Dr. Tharp is trying to convey within the book.
I would recommend this book to anyone regardless of their level within the trading community. If follow any, let alone all, of the the lessons in this book you will see improvement in your trading. That has been the case for myself and I believe that will be true for others.
I was hoping to hear a book on investor psychology and got 11 hours of babbling. More of a sales pitch for trading programs than a helpful book.
Not written a book.
Please send me a refund.
Thought provoking - yet all the examples in the book deal with Godless, near suicidal subjects. Would be great if this book was more tailored for the 'common' investor vs. someone with 3 limbs out the window. Honestly, Tharp's personal account makes you wonder about his own self-confidence and sanity. His past reads more like a self-help, find yourself seminar marathon than any sort of rational, psychiatric credentials.
My resounding thought on the core message of the book - God created you and the universe, so why is His soul purpose now to help you with your trading decisions? I think He got grossly demoted in this book!
"Think in a different way."
Half the books is about God. I hope that does not put any potential listeners off, like it would have me. But wow!, another top trading book that must be listened to.
"Where is the pill?"
"The juice" is less than 10%. The rest of the book is about other people's experiences.
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