{"product_id":"v06-c07-hackstd-pdf","title":"V.6:7 (255-257): Peter Hackstedde: profile of a winning trader by Van K. Tharp, Ph.D.","description":"Peter Hackstedde: profile of a winning trader\nby Van K. Tharp, Ph.D.\u003cbr\u003e\u003cbr\u003eIt was two o'clock on a Friday afternoon. I found myself having lunch with Peter Hackstedde in the Turf\nClub at Santa Anita race track. I had just finished two articles on compulsive trading (see Stocks \u0026amp;\nCommodities, January and March 1988) and here I was at the race track with Peter Hackstedde, whom I\nconsider to be a model trader. He is as different from a compulsive trader as day is from night. Peter\nloves the markets and the track, but he controls the actionthe action does not control him.\u003cbr\u003e\u003cbr\u003e\"I learned how to manage my money at the race track,\" he explains. \"It's a great place to learn how to\nmanage money. I don't bet up when the odds aren't right. I learned when to load up and when not to load\nup.\"\u003cbr\u003e\u003cbr\u003ePeter has been going to the race track for 30 years and he usually makes money. I placed small bets on his\nrecommendations and, during our lunch conversation, had three winners after five races. But it's not\nPeter's record at the track or in commodities that interests meit is his mental skills. Those skills are\nwhat make him a winner.\u003cbr\u003e\u003cbr\u003e\"I started out in the trucking business and I had a number of trucks. However, then I got my back messed\nup, so I just sold my business. My Dad used to be a broker and he was trading commodities, so I just\nfollowed him. He probably was a terrible trader, but I thought he was good.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133781635441,"sku":"\\V06\\C07\\HACKSTD.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_09153d02-4326-4908-a4db-c89f902ec15f.jpg?v=1739652317","url":"https:\/\/shop.traders.com\/products\/v06-c07-hackstd-pdf","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}