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Dear Traders,
Ken Long evolved from one of my best students in
the 1990s to an outstanding long-term trading system instructor to
one of the best intraday and swing traders that I know today. Now,
he consistently makes single and double digit R-Multiple trades on
a daily basis. Systems he teaches continue to have some of the
highest SQNs that I have seen. Every time I sit through one of his
workshops, I learn several new ideas. With the input of many
students, he reengineered his ETF 202 workshop last year and
developed this new three day format. In it, he teaches his best
short-term systems and demonstrates them live during the workshop.
With so many systems, signals, and styles to
choose from, the choices can be bewildering for traders. How can
you systematically make the choices to improve your chances in
this difficult profession? You have to start with a deep
understanding of your own psychology (Self Knowledge), the market
(Market Knowledge) and finally your systems (System Knowledge).
Finding the sweet spot where your skills intersect with your
systems and with the market is no small challenge. How do you
consistently find and exploit your zone? How do you keep your
edge?
What if you followed a process? What if you had a
comprehensive framework that adapted with a changing market and
gave you a way to evaluate opportunities in a disciplined,
consistent and efficient manner? What if that framework
highlighted the dominant trends world-wide, in plenty of time for
you to take advantage of the move with clear decision points for
entries and exits? Within that framework, what if you had several
advanced shorter term strategies that allowed you to capture the
big money flows? These are the basic elements of a process that
would help you make consistent profits. Would you like learn such
a process?
In his re-engineered workshop, Swing and
Day Trading for Equities and ETFs, Ken Long presents this framework
and these strategies. He starts at a very high level thinking
about and looking at what the market is doing. He then goes down a
level to focus in on which strategies would profit most in the
current market conditions. Finally, he gets to ground level with a
strong daily trading plan that defines entry points, position
sizing strategies, and exits. He presents this masterful approach so you can
understand what the market is doing at a very high level, as well
as exactly how you are going to trade when the opening bell rings.
"Brilliant
work! Great courses. I really feel like Ken has filled in a lot
of gaps for me on broad market analysis, statistical approaches
to the markets and specific trade tactics."—David
Smith
Register
Now
Learn 5 Strategies in 3 Days
Strategy 1: A Weekly Momentum-Based Sector ETF
Model. An intermediate, momentum based
ETF strategy that gives insight into the current state of the
dynamic world market model. It is a comprehensive stand-alone
asset allocation system well-suited for end of day traders or
weekend traders. We’ll be looking closely at distinct
sub-sectors of the world market to find commodities, currencies,
industry sectors, geographic regions and other profitable
opportunity areas within the ETF world market model framework.
Strategy 2: Washout. Ken likes to say
"The market will never react when it can overreact."
Consequently, it overreacts all the time. This system watches out
for a combination of overreaction measured both on a short term
and long term basis. The trade usually takes a couple of days and
is followed in many cases by a follow-on or continuation trade.
However, there are important safety measures in place to ensure
you aren’t trying to catch a falling knife.
Strategy 3: 5 Days Down.
When a stock has
fallen for five or more straight days, it will tend to bounce up
before it reverses or starts back down. Ken developed and tested
this system after a slight mention in an article he read. It
worked—and worked well. Oftentimes there is a secondary and more
reliable continuation trade as with the washout system.
Strategy 4: 551w. One of Ken’s long time
students (and a large fund manager) conceived this idea and
discussed it with Ken at one of his workshops. Ken understood it
immediately and liked it so much he started trading it the next
day. It combines three consecutive entries from his other systems
that build off of each other for a highly reliable trade. It’s
simple to use and as with Ken’s systems, it can be applied
mechanically or with trader discretion for some added benefit.
Strategy 5: Mechanical Systems Turbo-Charge.
This
is actually a systematic approach rather than a stand-alone system
so you can almost double the number of systems you trade. There
are ways to turbo-charge mechanical systems for intraday or swing
trades. It’s possible to trade these on a more discretionary
basis because they are completely aligned with positions that your
mechanical systems are telling you to take anyway.
What Can I Expect to Learn?
There are eight money making benefits
awaiting you. They’ll help you make more consistent profits,
keep your losses smaller, and be more relaxed about your trading.
1. Understand the World Market Model:
Get
into the details of the construction and application of the
framework that provides the common point of evolution for all
Tortoise strategies. This broad market structure enables all of
the other approaches that Ken uses and teaches.
2. Link Decision Points to Price Signals:
Every
trade is a hypothesis; it is an experiment to determine the
validity of an idea in the market. We’ll look at how to
express our ideas with precision so that we can act with
certainty. Learn how to remove the emotion from your decision
making process in the heat of the moment.
3. Classify the Market: Everyone has an
opinion about what kind of market we are in. If that opinion isn’t
related to your preferred time frame for trading, not only is
that worthless, but it can be downright harmful. Learn how to
assess the market in a way that gives you meaningful, actionable
information, and screen out the trivia and noise.
4. Build a System of Systems:
Regardless of
market conditions, have one or more systems ready to take
advantage of whatever comes your way. Incorporate multiple time
frames with appropriate systems consistent with your beliefs and
style for consistent profits every week.
5. Apply Leveraged and Inverse
ETFs: There
are now numerous ETFs you can trade that are either leveraged or
inverse. They have specific purposes, different behaviors, and
fill unique situations—you don’t just throw them in with the
rest of the ETFs. When appropriate, they can be the perfect
vehicle for short term trades. Longer term, however, they don’t
perform for some important reasons that Ken will cover.
6. Excel at Preparation:
Preparing a daily
trading plan is a profitable way to spend a part of your day! It
allows you to set up a game plan for likely scenarios, consider
alternative outcomes, and select from the richest opportunities—all
without the stress of the moving prices on the trading screen.
Ken follows this discipline everyday and requires it of his
Mastermind chat room participants. And it makes such a huge
difference in their results! You will prepare one of these daily
trading plans as part of your evening homework.
7. Grow with a Mastermind:
Ken started a
Mastermind group of traders last year and has been absolutely
amazed at the acceleration in learning it has provided. Not only
can it make a dramatic improvement in your trading, you get to
enjoy the company of other traders. He strongly encourages
people to find a group to join, learn from, and share with to
grow as a trader.
8. Frame Every Trade:
When you enter a
trade, do you know exactly how much you have at risk, how much
you expect to gain, and the likelihood of the outcome? After you
learn how to do this and follow the discipline of its lessons,
you may find it hard to trade in any other way ever again.
And as always, you’ll be networking and meeting
like-minded traders and investors!
Here’s How Ken Structures the Three Days
Day 1: Introductions, Seminar Goals, Market
Classifications, Framing Trades
You begin the workshop with a personal
introduction by each trader in the room. While some have viewed
this as a "feel good" exercise, most people have come to
appreciate the role of other traders as a long term critical
success factor for trading. You will trade together with these
people in Ken’s chatroom over the next year (if you choose). In
short, these traders can help you meet your goals.
There will be traders in attendance at the
workshop who are experienced in the Tortoise strategies. They help
"teach" the workshop by discussing how they apply the
techniques on a personal basis. Sharing their insights, goals,
disciplines and methods will help you develop your own application
plan to take home.
Ken also wants to get a sense of what each
individual wants to accomplish at the workshop. He actually writes
everyone’s objectives down and concludes the workshop on Day 3
with a review of this initial list. If you know Ken, it probably
doesn’t surprise you that he gets them all accomplished.
You’ll explore market classification strategies,
choosing your best set of market signals, and the value of
building a daily trading plan based on the first day’s learning
and observations.
Ken dives deep into the critical concept of
framing your trades. This concept is no more important in
short-term trading than in long-term trading; it’s just that you
experience the effects a lot quicker. You will complete several
exercises in which to apply the concept.
Day 2: Refining and Maintaining Your Trading Plan
With Systems
Day 2 is mostly about trading systems. You start
the day by crafting a daily trading plan, pulling together various
signals and strategies so you can perform the same exercise on
your own that evening.
Ken helps you understand not just the details, but
also how to think about trading systems. At a higher level, you
want to analyze system performance to know if your systems are
adding value. You want to examine different aspects of your
performance to see where you can fine tune the system. You also
want to make sure that your systems are capitalizing on market
opportunities within your time frame. Perhaps the hardest thing in
the world to do is to look past a positive system performance for
the unseen opportunity. You can be so satisfied with the performance
of a positive expectancy system that you miss an even larger
opportunity staring you in the face.
Ken then goes into great depth for each system. He
helps you understand its basic logic, how to find the setups, good
entry techniques, appropriate initial stops, profit taking exits,
and re-entry or continuation trades if there are any. Ken provides
a thorough trading system document for each system and also shares
with you his actual trading results for each system. You will not
leave the workshop wanting for more information! You are more
likely going to leave with a desire to go home and trade!
You wrap up Day 2 by looking at the turbocharging
technique. It’s a way to take a mechanical system and trade it
in a shorter timeframe with turbocharged results. The role of
discretion in your trading is also a topic at the end of Day 2. It
is one thing to be a disciplined mechanical trader; it is another
to have a deep understanding of your mechanical framework and to
see opportunities in the market to frame excellent trades as price
unfolds. Finally, Ken sends you home to write your daily trading
plan for the next day.
Day 3: Applying What You’ve Learned
The morning starts with a review of the daily
trading plan process and everyone’s experience in putting
together one on their own. This is your chance to receive detailed
and personalized feedback from your growing network of Tortoise
traders with a group review. This will be a unique opportunity to
see your ideas from many points of view and to refine your plan.
The rest of the day will be a mix of live trading,
individual work, and group exercises. Ken reviews his own daily
trading plan and takes some trades based off of it. Hearing him
talk through his framing process, trade entry, position sizing strategies,
initial stop, and exits is an incredibly valuable experience. He’ll
take as many trades as is possible and practical, and talk
everyone through his process.
You will also break into groups to work some
practical exercises to ensure that you have a good baseline
understanding of the systems as designed. Group work tends to
accelerate the learning process and fosters new idea generation.
At the end of the day with Ken’s
demonstration of the Tortoise Campfire Chat Room and Basecamp
chatroom. These are the places where the growing network of
Tortoise-style traders meets to exchange ideas and share insights
every day. Traders of all skill levels and backgrounds are
benefitting from the dialogues there.
What Students Had to Say about Ken’s Short Term
Workshop (previously ETF 202)
"Fantastic course!!! It was great to get
deeper into Ken’s thought processes, especially how he reads the
tortoise reports to set up his overall weekly and daily trading
strategies. Ken’s trading ‘dashboard" is rich with
information and is extremely powerful when you know how to take
advantage of all it has to offer."—Ed Pomicter
"Very good with valuable advanced tools that
are actionable. Ken’s instructional techniques are terrific and
his research is totally first rate." —Rick Freeman
"Excellent ‘drill down’ insights into how
Ken uses his indicators. The essence of brilliance is making the
complex simple. This course makes a huge step in this
direction."— Jim Slatten
"It was useful to have Ken go through his
daily plan and his explanation of his charts." — Jay Street
Sincerely,
Van K. Tharp
Your Trading and Investing Coach
Dates/Pricing/Hotel/Registration
Workshop
Details:
The
price of the workshop is
$3,995.
But if you register early enough you will qualify for a $700 early
enrollment discount and pay only $3,295 Click here to register now
or to see dates and locations. Or, Register
Now.
Bring
a friend with you who is new to the Van Tharp Institute and you both
will get an additional $200 off your tuition. Call 800-385-4486 or
919-466-0043 to register you and your friend.
Our Risk-Reversal Guarantee!
Dr.
Tharp totally guarantees that you will be delighted with it. In
fact, we'll take all of the risk ourselves. If you aren't totally
satisfied by 12 PM on the second day of the course, you'll receive a
full refund for what you paid for the course. Just return your
notebook to an IITM staff member and we'll refund your course fee
even though you've already had many of the benefits of the course.
Why are
we willing to assume your risk? The key to our guarantee is that if
you are ready to work on yourself, then there is no risk to us. We
know you'll be delighted.
Sincerely,
Van K.
Tharp
Your Trading and Investing Coach
Register
on-line (Dates/Pricing/Hotel/Registration)
Or call to register:
800-385-4486, 919-466-0043
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