Dr Van K.Tharp ( 2 )

Dr Van K. Tharp Trading Coach

So What does it take to duplicate successful trading? DVKP:There are three primary factors involved in duplicating success- 1- beliefs 2- mental states 3- mental strategies If you duplicate the way the best traders use those three factors for every aspect of the trading task,then you can duplicate their results. As a nontrading example, most martial arts experts believe that it takes years practice to break a board with your bare hand.I was able to observe someone for about fifteen minutes and then break two 1/2-inch pine boards with my hand. I even showed my son (who was the at the time ) how to do it. That's the power behind modeling. What happens with my most experts is that they are unconsciously competent.They do things well, which means they do them automatically.For example, most people are unconsciously competent at driving a car. You don't even think about it when you do it. When someone who is unconsciously competent tries to explain what he or she is doing to someone else,much of what is important is left out. Thus, my focus is to discover the missing pieces and help people install those pieces. ( Market Wizards : Interview with top traders )