My sentiments on Van Tharp's work are closely aligned with that of Babak.
All I will add is that had it not been for Van Tharp's work, I would have possibly blown my account up by now. I started a few years ago with around $20k... my first year was tough, and I was surviving on a McDonald's inflow of trading income. I was finding it difficult to break through my initial capital base in any significant way.
Had it not been for Van Tharp's work, my account would not have accelerated in a relatively consistent way. At the height of the bull markt, I regularly had $10k days (a $10k day sort of pales into insignificance a handful of dollars spent on improving one's education Sterling, eh?) I may not have survived to reap the benefits of the bullmarket had it not been for Van Tharp's techniques on money management/position sizing.
The current Trading Conditions (for my thread on trading conditions and general trading issues, please refer to:
www.elitetrader.com/vb/showthread.php?threadid=2041 ), have been very tough, and without a sound money management education, it would have been all too easy to have been burnt.
On final note, I would agree with Sterling that Van Tharp is not the only source of knowledge on money management and other techniques. Others may, as Sterling points out, even be free of charge. It is the decision of individual trader to decide whether he wants free information or wants to pay for it. All I can say is that Van Tharp's work has been extremely beneficial for MY bank balance, MY trading results and MY lifestyle. Enough said.
All I will add is that had it not been for Van Tharp's work, I would have possibly blown my account up by now. I started a few years ago with around $20k... my first year was tough, and I was surviving on a McDonald's inflow of trading income. I was finding it difficult to break through my initial capital base in any significant way.
Had it not been for Van Tharp's work, my account would not have accelerated in a relatively consistent way. At the height of the bull markt, I regularly had $10k days (a $10k day sort of pales into insignificance a handful of dollars spent on improving one's education Sterling, eh?) I may not have survived to reap the benefits of the bullmarket had it not been for Van Tharp's techniques on money management/position sizing.
The current Trading Conditions (for my thread on trading conditions and general trading issues, please refer to:
www.elitetrader.com/vb/showthread.php?threadid=2041 ), have been very tough, and without a sound money management education, it would have been all too easy to have been burnt.
On final note, I would agree with Sterling that Van Tharp is not the only source of knowledge on money management and other techniques. Others may, as Sterling points out, even be free of charge. It is the decision of individual trader to decide whether he wants free information or wants to pay for it. All I can say is that Van Tharp's work has been extremely beneficial for MY bank balance, MY trading results and MY lifestyle. Enough said.
