The thing about Tharp(y) and his group is that they espouse knowing yourself as the holy grail of trading and that only when you know yourself can you select the right trading strategy. For example: Applying the Concept of Mission and Intent to Improve Trading
What is routinely discussed is strategy from a military viewpoint but the flaw is that military planning, operations and strategy are often severely flawed, lives are lost, years are lost and often while battles can be won, wars arent conclusively won.The US military, considered the most advanced armed volunteer force, hasnt won a major conflict since WWII. I think its inappropriate to view trading as war. Its survival however, lets discuss strategy, the US locked itself up after WWII with the Cold War and the result from this strategy was increased armament that could end civilization of the modern world. So after just fighting a war and winning the US population is told that the Soviet Union is an immense threat and that another conflict would be considered an end of the world scenario. So while superpowers cannot easily overcome each other they can manipulate other nations. And while institutional traders may not be able to get an edge over each other often, they do have greater resources than you, and they have an edge over non-professional investors. As we learned, get out of the Vietnam War – its not the best area to take a stand. The US forces also left the Korean War without winning.The point of it is, which Tharp(y) and his group doesnt go over is that you need a filter, some strategies are ill-suited because the fundamental reasoning is wrong dont enter a pointless conflict. Sometimes its referred to as simplism, the tendency to accept simple answers to complex questions that theres always one right way.So, these trading missions dont address the fundamental question. Should I even be playing this game? Should I be in it now? The stock market cannot always be the best place for your money. Youve got to have a filter over the very long-term all investments fail. Whenever you run out of suckers the game cannot expand and the stock game is controlled eighty to ninety percent by institutions so you need to benefit from someones mistakes. If you think Tharp(y) has insight that others dont have Id disagree, hell offer you psychological techniques, but you still have to depend on yourself which is the weakest component of your trading mission. Nobody is flying into the battle to bring you treasures. Military missions lose lives as acceptable tolerances of losses, so without your life on the line, its too easy to get distracted.
Heres the kind of stuff they offer:
How to Develop a Winning Trading System That Fits You
Blueprint for trading success
Highly Effective ETF Techniques 101
Advanced ETF 202 Techniques (ETF 101 is a prerequisite)
None of that is going to address what keeps your money safe: Should I be involved in the game? Where is the best place to put my money now?I can save you $700 US while nobody can know the stock game perfectly for long, I do know the sale of the stock game. Email for details The whole point of it is to overcome our tendency of seeing only two sides to a question to seeing five or six.
