Trading Beyond the Matrix: The Red Pill for Traders and Investors

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9781118525661: Trading Beyond the Matrix: The Red Pill for Traders and Investors

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 readers 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.

  • A leading trader offers unique learning strategies for turning yourself into a great trader
  • Goes beyond trading systems to help readers develop more effective trading psychology
  • Trains the reader to overcome self-sabotage that obstructs trading success
  • Presented through real transformations made by other traders

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.

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Review:

Q & A with author Van K. Tharp

What prompted you to choose the book title, Trading Beyond the Matrix: The Red Pill for Traders and Investors?

When I saw the movie The Matrix, I said, "I don't know if the writers really understand how true their metaphor is!" That's because there really is a Matrix that masks reality. That Matrix is our beliefs. Sometimes I'm totally amazed at the beliefs society and other people try to impose on us. And a long time ago I realized that we need to look at our beliefs in terms of utility. How useful are they? When I adopted that belief, my life changed forever.

Anyway, this book is my attempt to convey just that. When you realize that everything is programmed, then you can be like Neo in the movie and reprogram yourself. When you do enough transformation, you might even be able to step outside of the Matrix . . . which is what I call "Trading in the Now." So this book really is the "red pill" for traders and investors.

This book is really about transformation, is it not?

Exactly. I've always known that my mission was transformation through a financial metaphor. My whole staff thrives on frequent comments like: "You have changed my whole life for the better, thank you." We had a staff meeting several years ago and decided that we should really promote the mission. For example, I occasionally hear people say that if Van Tharp knows so much about trading, then why doesn't he just trade? Well, the presupposition behind that statement is that "the be all and end all" of life is the money you make from trading. It's not for me. It's what I just explained.

One of my staff members suggested that perhaps I should write a book about transformation and I found that very exciting. I've already written a five-volume course on peak performance trading and I really didn't want to duplicate that in discussing psychology. So at this point none of my books have been what I'd call an in-depth psychology book--that is until this one. But transformation gave me a new angle to really talk about the "you" factor in trading, as one will read in this book. We believe that we take our clients through three levels of transformation--this is what's covered in the book. The first level is the core beliefs that come out of my modeling work with top traders. You have to share a top trader's beliefs to become one. I've never seen anyone else provide all of this material together, so we call it Tharp Think. So, the first section of the book is about how people transformed themselves using Tharp Think principles.

Second, most people can't just adopt those principles. Instead they have to transform themselves. The second part of the book goes through various transformation techniques that will help you adopt Tharp Think. However, my approach in the book is rather unique. I have one chapter devoted to each of a number transformational techniques, the first one being how to look at and change your beliefs. Each chapter also focuses on one person's transformation using one of the techniques. It is a lot like a story about transformation.

Lastly, if you do a lot of personal transformation, then your level of consciousness will tend to change. For example, everyone knows what happens when you trade out of "fear" or "greed," which are rather low levels of consciousness. Now imagine what would happen if you traded from "acceptance," which is a much higher level. The results would vastly improve. And how about if you could trade from "an enlightened state" in which there was no internal chatter and you just see the market for what it is. The trader who wrote Chapter 16 trades from such a state and her results are phenomenal.

R multiples is a big focus in the book. It helps take the bias out of trading it helps on the psyche. Can you go into more detail about this?

One of the principles of Tharp Think is that you should predefine your risk (which I call R) before you enter a trade. Another key principle is that you should always think in terms of reward-to-risk throughout the course of a trade. I encourage people to do this by thinking about their profit and losses from a trading system as a function of the initial risk. For example, if your initial risk is $1000 and you make $5000, then you made five times your initial risk or a 5R profit. If you lose $500, because you raised your stop, then you lost half of your initial risk or minus 0.5R.

When you start doing this regularly, it becomes ingrained to think about reward to risk (and how often do you hear the media talk about that). The average R value of the results is the expectancy of your system. You also realize that a trading system can be characterized by its R-multiple distribution. And you can ever measure the quality of a trading system. So there are huge advantages of using R-multiples.

Can you address the topic of women and trading?

Absolutely. For whatever reason, women are not attracted to trading as much as men. About 10-15 percent of the people who come to our workshops are women and about 10-15 percent of the people in our database our women. I think women are every bit as qualified as men, but they need to make the decision.

There is some good news. I had four women join my Super Trader program in 2013--and that quadruples the number of women enrolled. The women in the program are doing well, so I would definitely encourage more to start.

The book provides a great foundation to develop training workshops about your trading methods; do you hold workshops or training sessions?

We have several home study courses, an expanding selection of online courses, at least 12 different workshops, numerous books, and a super trader program that combines all of that. So if you think you are weak in some area, like understanding the basics, needing a trading system, developing a trading plan, or working on yourself, we have workshops for all of it.

The book speaks to the reasons why someone is not trading. Is your objective in the book to help them evaluate their situation and help them start trading again?

I'd be disappointed if that's all it did. I'm expecting a lot of people to tell me or my staff that this book changed their life--that's a lot more rewarding to me. Imagine, there really is a matrix and there really is a red pill you can take to get out of it--the red pill is this book.

From the Back Cover:

Praise for Trading Beyond the Matrix

"Tharp Think has always been at the cutting edge of trading technology . . . now be prepared to go way down the rabbit hole of transformational trading. You will discover that the 'holy grail' system has everything to do with the newest frontier in trading and that the Ultimate Edge in trading is spirituality. This is a must-read for people who want to find out how to take their trading to the next level."

—LIBBY ADAMS, PhD, Executive Director, International Academy of Self-Knowledge

"Dr. Tharp's new book shows traders how personal psychology can work for you instead of against you, how to think about and manage risk, and how that can translate into developing a winning trading system. I am adding his latest book to the top 10 must-read books for all traders."

—LANE J. MENDELSOHN, founder, TraderPlanet.com

"The proof of a great system is that someone can duplicate the results using the same methods. Van Tharp's system meets this criterion. Here we have real people with real results. If you want to consistently make money in the markets, read this book and transform yourself!"

—D. JANIE GUILL, former Sr. Director of Worldwide Procurement, Microsoft

"Trading Beyond the Matrix, more than any other of Van's great books, reflects his personal journey. The stories of trading and personal transformation illustrate what 'transformation through a trading metaphor' means. They are inspirational and offer practical guidance and applications that will improve both you and your trading."

—MALCOLM PRYOR, author of the UK bestseller The Financial Spread Betting Handbook

"Tharp saw long ago that successful trading had far more to do with the trader than with the trade itself. Tharp shows us that those traders who are in the highest states of consciousness will naturally be the most successful, not only at trading, but at life as a whole. He gives us a clear set of guidelines and exercises to help us to achieve this new expanded conscious awareness and show us how to achieve happiness on all levels: physical, emotional, and spiritual. Trading Beyond the Matrix is a book for everyone. I particularly wish to encourage my many friends in the spiritual community to take advantage of Van Tharp's deep insights about the relationship of matter and spirit."

—STUART MOONEY, author of American Buddha and day trader

"Transitioning to the mental side of trading seemed easy for me. For many, that is not the case and here's where Trading Beyond the Matrix excels. The reader can relate to the stories about actual successful traders who have overcome their own biases, beliefs, and surroundings that held them back from success and how each trader has to figure that out and deal with it before becoming successful."

—TOM BASSO, New Market Wizard and founder of Trendstat Capital Management, Inc.

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Book Description John Wiley Sons Inc, United States, 2013. Hardback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. 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 readers 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. * A leading trader offers unique learning strategies for turning yourself into a great trader * Goes beyond trading systems to help readers develop more effective trading psychology * Trains the reader to overcome self-sabotage that obstructs trading success * Presented through real transformations made by other traders 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. Bookseller Inventory # AAH9781118525661

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