In this episode Dr Van Tharp talks about beliefs and their impact on trading, the qualities of successful traders, adapting trading to market types, position sizing, trading mistakes and overcoming fear, perfectionism and impatience.

Topics discussed

How Van got started in the markets and the issues he faced initially
The main reasons the majority of trades are unsuccessful
How traders can identify the type of strategies that suits them
What it means to trade your beliefs in the market
How to assess whether your beliefs are useful or limiting
The real importance of psychology in trading
Your collection of parts and how they interact
The process of transformation in a trader
Qualities of losing traders and how to test yourself for them
The impact mistakes could be having on your results without even knowing
How to cope with larger trade sizes as your account grows

PLUS listener questions on:

Using position sizing to meet your objectives
The 6 market types, how to measure them and how to apply it to your trading
How to find positive expectancy systems
Developing patience when in a trade
Trading in short timeframes
How to address issues with perfectionism
Systematic vs Discretionary trading
Overcoming fear of pulling the trigger
Handling drawdowns

Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

Alexi Wasser