Ep. 43: Van Tharp Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 9 August 2012
⏱️ 58 minutes
🧾️ Download transcript
Summary
My guest today is Van Tharp. Tharp runs the Van Tharp Institute and is the author of four acclaimed books. He was also featured in Jack Schwager's Market Wizard's: Interviews with Great Traders. Van Tharp received his Ph.D. in psychology, is a certified Master Practitioner of Neuro Linguistic Programming (NLP), a Certified Master Time Line Therapist, a certified Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create the successful models of trading and investing upon which so much of his work is based. Tharp also was also considered for the original Turtle program with Richard Dennis and Bill Eckhardt.
The topic is trading psychology.
In this episode of Trend Following Radio we discuss:
- Tharp's psychological expertise to explain why trading psychology is so important to being a successful trader
- Importance of happiness in relation to trading psychology
- The influence of Tom Basso, Bill Eckhardt, and Ed Seykota (and his concept of "market's money")
- The notion of self-sabotage
Jump in!
---
I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is Trend Following Radio, where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.6 | So today on the show I have Van Tharp. |
| 0:35.8 | I am very pleased to have him on the show. |
| 0:37.8 | We've never met in person. |
| 0:40.2 | We've exchanged a bunch of emails over the years and communicated that way. |
| 0:44.4 | And for those that don't know, Van has a wide, diverse career in the trading world. |
| 0:51.0 | I think a lot of people attribute the phrase trading psychology with Van. He's also done |
| 0:56.0 | quite a bit of work in position sizing, what people often call money management, and I'm sure |
| 1:01.4 | Van will probably correct me on my usage of that. And for those that probably remember, one of the |
| 1:07.2 | best selling books of all times when it comes to the markets. Jack Schwager's Market |
| 1:12.7 | Wizards. Van is in the first edition. I think what most people consider the classic classic. |
| 1:18.9 | Also in Van's books, his books, which I think most people that have a pulse in the trading |
| 1:24.7 | world have probably seen trade your way to financial freedom. |
| 1:29.9 | There's a bunch of other books that Van will probably talk about today too. |
| 1:34.4 | And obviously you can always find him and we'll remind it at the very end as well. |
| 1:40.8 | But Van's web world, his website is IITM.com, the Van Tharp Institute. |
| 1:42.6 | Van, thank you for joining me today. |
| 1:44.5 | Thank you for having me. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.