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Traders are constantly seeking to add value to their bottom line by taking action in a complex dynamic market.
With so many systems,
signals, and styles to chose from, the choices can be bewildering,
particularly because the market refuses to be pinned down.
How do you systematically make the choices to improve your
chances in this difficult profession?
It begins with a deep understanding of your own psychology
(Self Knowledge), your systems (System Knowledge) and the market
(Market Knowledge). Finding the sweet spot where your skills and
systems are in sync with the market is no small challenge. How do
you consistently find and exploit your groove?
How do you keep your edge through education, reflection and
informed action?
What if you had a
comprehensive framework that adapted to a changing market and gave
you a way to evaluate opportunities in a disciplined, consistent and
efficient manner? What of that framework highlighted the dominant
trends world-wide, in time for you to take advantage of the move,
with clear decision points for entries and exits?
Wouldn’t it be a huge advantage?
If mutual fund
managers are buying retail stocks, you’d be able to get into those
stocks well before they get in and you would profit greatly as their
activity drives prices up. Imagine
what an advantage you’d have over other investors.
And we’re going to show you exactly how to do that.
Suppose that you are
managing a mutual fund and you need to move a billion dollars out of
retail stocks into Internet stocks.
You don’t just tell your broker to sell a billion dollars
worth of stock. Instead,
you must give an order to a large brokerage firm that basically
says, “You have three days to get rid of this stock… we’d like
to get at least $998 million for the stock.
If you can get more than that, you may keep the extra cash as
your extra commission.” The
market then slowly sees a movement out of retail stocks.
And as one fund moves out, another may see the big picture
and start to move out as well, thus making the underlying movement
even stronger.
Furthermore, as the
movement out of retail stocks gets underway, the same fund manager
may give instructions to buy a billion dollars worth of Internet
stocks – and the broker may have a week to fill that order.
Gradually, you’d see retail stocks moving down and Internet
stocks moving up as one or more big funds shifts positions.
And the net result is
that the internal conditions of the stock market shift even though
the major averages may not move that much.
What’s interesting for you is that you can learn to see the
overall shifts in cash flow as the funds start to move money around.
In fact, you can spot it quite quickly.
And you could have a huge advantage because big money tends
to move slowly, but you can move quickly.
In fact, when you get good at observing the flows of funds,
you can start making thousands of dollars each day at your
convenience. It’s not
that hard. Ken Long, a
LTC (retired) in the U.S. Army, does it quite regularly.
Ken will show you how
to jump in front of the big guys in their trades.
"It's worth
the time and money!" --V.
Pinto, NY
"Outstanding.
Most beneficial course I've attended." --Michael Bonenberger
Introducing
Ken Long, Your Instructor
When
Ken Long first attended my Systems Development workshop in the mid
1990s and submitted his objectives to me, I thought to myself,
“Someone from the Army is going to apply this material?”
Little did I know the Ken Long would not only apply it –
he’d become a genius at applying it!
LTC Ken Long is one
of the few people I know of who has a graduate degree in systems
design. Because of his
training, Ken can spot ideas that most people never think of.
For example, when Ken attended our systems workshop and
learned about the complex training game we were playing, he
developed a procedure for strategizing about the game that I now
teach in that workshop. He’s
that good.
Ken’s business plan
is one that I use as a template for teaching business planning to
traders. Again, his
work is exemplary.
You may have heard of
Ken simply because of his Tortoise system for switching between
mutual funds. That
system made over 100% trading real money in an IRA in 1999.
And it has generally made pretty good money even during the bear
market.
But what’s even
better than mutual funds are the ETFs because their costs are
minimal and they totally represent a sector of the trading arena
that you might want to participate in.
Fortunately for us, Ken has developed methods to master this
form of trading as well. And
you’ll learn how to use this form of trading to master getting
ahead of what big money is doing.
"Excellent
course for understanding ETFs and how to incorporate them, both
short-term and long-term into your trading plan.
"Ken is an
excellent instructor with a terrific commitment to making sure
everyone understands the material." R. Freeman, CA
"Very
thorough, detailed, with dedicated speaker who went out of his way.
Great course Ken!" Mike Doseck
And what Ken
does is not that hard. He
says that if he can do it, anyone can do it!
You don’t have to
watch a lot of stocks to determine what the big funds are doing.
Instead, you just have to know what a few select funds are
doing to determine what’s going on.
What we’re talking
about here is watching the movement of big money via Exchange-Traded
Funds (ETFs). What are
Exchange-Traded Funds? They
are funds that reflect the big sectors of the market.
For example, you can buy a fund that represents the Internet
sector of the market and short another that represents the retail
sector of the market. And
you can do this in seconds, as soon as you spot what the big money
is doing. So while big
money might take a week to move money around, you can jump in ahead
of them and take advantage of money flowing into the sector you’ve
just bought. Again,
the advantage is huge.
So how would you like
to learn six different strategies that allow you to take advantage
of what big money is doing and turn it into big money for you?
One of those
strategies will probably be just right for you. We cover several of
these strategies in their mechanical form in ETF 101.
In ETF 202 we go deeper and examine refinements in entry,
position sizing, and exits in order to fine tune system performance.
Several of the strategies are not covered at all in ETF 101 due to
time constraints. All
the systems leverage a common framework of interpreting market
conditions and build upon one another.
Dates/Pricing/Hotel/Registration
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, as well as
being a comprehensive stand-alone asset allocation system
well-suited for end of day traders or weekend traders. We’ll be
looking closely at distinct subsectors of the world market to find
commodities, currencies, business sectors, geographic regions and
other specialized styles all within the ETF world market model
framework.
Strategy 2:
Gap Analysis.
Automatically evaluate the recent performance of morning gaps
to refine and guide your entries and exits. We can’t predict the
market direction, but we can easily see if there have been
tendencies in recent trading that favor a particular strategy, based
on the size and direction of the morning gap.
It won’t surprise you that the larger the gap, the larger
the move the rest of the day. What may surprise you is how the truth
changes from week to week on what to do about it!
Strategy
3: Growing Intraday Trades. Systematically turn successful intraday trades into longer term
positions. We like to
enter low-risk trades after the early morning market smoke has
cleared, and we can often enter with tight stop losses.
When the trade moves in our favor, we may have gotten an
early entry into a powerful swing trade move.
We’ll look at a systematic way of evaluating the trade,
deciding on how and when to carry that position overnight, and how
to manage risk so that we never have more risk in a position than we
initially took.
Strategy 4: The
“MaxPain” Strategy. Find the targets where short-term selling
has created a value opportunity that offer low-risk entries and very
favorable reward-to-risk opportunities. Normal trades work in a 3-5
day cycle and there are plenty of opportunities in both US and
global markets.
Strategy 5: The
Stealth Trade.
Find the steadily
improving targets that are not on anyone’s radar screen, and get
into them below fair value and enjoy the move back to the middle of
the pack when their recovery starts to garner headlines and
attention. Enjoy a favorable reward-to-risk ratio at the moment of
your low-risk entry, and the possibility for harvesting a truly
out-sized gain.
Strategy 6: The
Continuation Pattern. Identify short- term market
conditions favorable for out-sized moves, and spot the opportunity
to add to current positions or enter new short-term positions with a
simple set of rules that can be planned the day before for favorable
execution.
What
Else Can I Expect to Learn?
There are six
money making benefits awaiting you. They’ll help you make more
consistent profits, keep your losses smaller, and help you be more
relaxed about your trading.
1. Understanding the
Tortoise World Market Model: Get into the details of the construction and application of the
basic framework that provides the common point of departure for all
Tortoise strategies.
2.
Growing Intraday
Trades: Systematically turn successful intraday trades into
longer term positions. We
like to enter low-risk trades after the early morning market smoke
has cleared, and we can often enter with tight stop losses.
When the trade moves in our favor, we may have gotten an
early entry into a powerful swing trade move.
We’ll look at a systematic way of evaluating the trade,
deciding on how and when to carry that position overnight, and how
to manage risk so that we never have more risk in a position than we
initially took.
3.
Linking Decision
Points to Price Signals: Every trade is a hypothesis that we are
testing. It is an
experiment to determine the validity of our idea in the current
market. We’ll look at how to express our ideas with precision, so
that we can act with certainty. Learn to frame the trade and remove
the emotion from your decision making process in the heat of the
moment. Learn the power of preparation.
4. Classifying the Market According to Your Time Frame:
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 are they worthless but they 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.
5. Building a System of Systems: Learn to integrate your chosen strategies into a system for
all seasons. Incorporate
multiple time frames with appropriate systems consistent with your
beliefs and style.
6. The Power of Metaphor: See how your mental model of the market and your relationship to
it can guide you to strategies and systems that align with your
beliefs and are natural to execute according to your rules. Don’t
fight your nature; learn to appreciate and adapt.
Here’s
What’s Waiting for You!
Day 1: Seminar
Goals, Market Classifications, Systems Review
We
will begin with an introduction of the assembled network of Tortoise
style traders, and then finalize the 3-day workshop plan to meet the
specific goals of individual participants.
You will find the network to be of immense value as you
explore the many ways the Tortoise strategies and reports can help
you reach your goals.
We’ll
examine 6 systems in detail, and work practical exercises
individually and in groups to ensure that we have a good baseline
understanding of the techniques as designed.
We’ll
conclude with a demonstration of the Tortoise Campfire Chat Room and
Basecamp discussion boards: places where the growing network of
Tortoise style traders meet to exchange ideas and share insights.
Traders of all skill levels and backgrounds are benefitting
from the dialogues there.
Day 2: The
Tortoise Applied
Traders
experienced in the Tortoise strategies will share insights into 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.
Throughout
the day we will also explore market classification strategies,
choosing your best set of signals, and building your daily trading
plan. We’ll practice
linking the plan to effective action when the market is open.
We’ll
also look into variations on the systems’ themes.
It is one thing to be a disciplined mechanical trader; it is
another to have a deep enough understanding of your mechanical
framework and learn to see opportunities in the market to frame
excellent trades as price unfolds.
Day 3: Refining
and Maintaining Your Trading Plan
We
will start the day by crafting the Daily Trading Plan. Pulling
together the various signals and strategies, we will develop
tomorrow’s trading plan.
We
want to analyze system performance to know if our systems are adding
value. We want to examine different aspects of our performance to
see where we can fine tune the system.
We also want to make sure that our systems are capitalizing
on the opportunities the market is offering within our time frame. For
example, perhaps the hardest thing in the world to do is to look
past a positive system performance for the unseen opportunity.
We might have a positive expectancy system and be so
satisfied with the performance that we miss what may be an even
larger opportunity staring us in the face.
We’ll look at a simple, effective way of answering those
questions.
Focusing
on your plan to apply the workshop techniques to your own trading
plan, you will have a chance to receive detailed and personalized
feedback from your growing network of Tortoise traders.
This will be a unique opportunity to see your ideas from many
points of view and to refine your plan.
Dates/Pricing/Hotel/Registration
And as always, you’ll be networking and meeting like-minded
traders and investors!
What Past ETF 101 Students Say...
"Outstanding
value. If you want to become the best 'mechanical discretionary'
trader you can be, take this course." —David Smithers,
United Kingdom
"The fact that
there were so many high-powered money managers in the class was
quite impressive. Their attendance is a more powerful
recommendation than any I could give." —Fred Link, GA
"The little
guy rarely gets an opportunity to be mentored by someone who has
developed and can deliver the complete package of trading beliefs
and discipline. Add on top of that the privilege of getting to
model his best strategies and methods was for me, the best value
yet for my trading education experience." —Grill Kull, CO
"Some of the
most practical money making advice on trading systems that I have
ever received." —Tony Jackson, GA
"Excellent
stuff! Ken is a great teacher, human being and last but not least,
trader.
"This is the
third time I've [attended one of] Ken's seminars. And every time
it's a whole new experience. He's the best in my book. A unique
thinker, a great teacher, intelligent, humorous and last but not
least a trader with more than a remarkable track record. I picked
up more trading ideas in three days with Ken that I can back-test
in 3 years." —Leo Willert, Austria
"It's a great
course! Do you want systems? Ken gives you a whole load of systems
on a wide range of time frames to choose from. And he does not
hide anything from you. All his methods, reasonings and ideas, he
offers them to you without holding anything back.
“I found Ken to
be extremely clear and structured in his explanation and
presentation of his systems, beliefs and techniques. Awesome
information for traders of any level of expertise." —Jordi
Llobet Serra
"One Word:
Excellent....I learned how to fit ETFs into my current strategy.
The ‘world model' created by Ken helped me identify macro trends
much easier." —Ferdinand Ledesma
"It's worth
the time and money. [Ken Long is] very accommodating and
responsive. He deserves more than a 10." —Vito Pinto
"Superb! Great
teacher, very enthusiastic and knowledgeable." —Al
Lizarraras
"Very helpful
information that gave me a good foundation for putting ETFs into
perspective compared to stocks and mutual funds." — Mark
Ledbetter
"This was a
great introduction to ETFs. I especially liked that it showed me
techniques for trading ETFs using short-term strategies. —Al
Mayo
"Very
impressed. Ken over delivered on the course objectives and with a
lot of his own real-world experiences, all with a good delivery
and sense of humor. I leave feeling I can grow my account better
than a market benchmark using a disciplined approach without a lot
of weekly time and make a little extra using multiple strategies
on ETFs." —David Holland
"Extremely
comprehensive 'top down' approach to trading ETFs. Superbly
presented by Ken Long in a very understandable format. I give this
course a 10 out of 10. Good job! Ken is clearly a man of great
integrity and because of this, he had my trust in the material he
was presenting immediately." —Tim Ridge
"Great Course.
Lots of new ideas for trading." —John Kelly
"Acquired
practical trading strategies that I can employ tomorrow with
confidence." —Riley Uglum
"Excellent.
Good common sense for the person who can only look at the markets
after work. Ken is up 100% during secular bear markets
(2000-2005). How many people can match that? Ken does all
the work: he gives you the systems, tells you how to trade them
and then gives you the data through his website." —Van
Tharp
"Best course
yet -- both in quality and quantity of material. Ken is a great
teacher!" —Jon Collard
"It was quite
comprehensive with a good blend of basic background material and
application, as well as Ken's philosophy." —Joe Pleasants
"Excellent.
Provided something for everybody." —Robert Hartley
"Great
'all-weather' market strategies, which are safe and
risk-managed" —Mark Neises
Dates/Pricing/Hotel/Registration
Frequently
Asked Questions and Answers
Q:
Can you really make lots of money with these principles?
You can!
Just think of the advantage you’ll have being able to jump in
front of large mutual funds because you’ll have learned the skills
to anticipate what they are doing.
Q: I am already a profitable trader, why should I consider
attending this course?
What if you learn one new technique that could save you several
thousand dollars each month or some new way of looking at the market
that will help you earn thousands of new dollars?
Don’t you think that would be worth your time?
Q: I am new to trading. Will this course help me?
Absolutely, you don’t have to be an experienced trader to learn
how to spot what big money is doing.
Furthermore, Ken will teach you exactly how to profit from
it.
Q: I want to become the best trader I can be, does this course show
me how to trade?
While our purpose is not to give you a basic education in the
‘how to’ of trading, we’ll be covering the basics that are
required as they apply to ETFs.
As a result, you’ll learn key material that will take you
to the next level of trading.
Workshop
Details:
The price of the Advanced ETF and Mutual Funds 202 Workshop is
$2,995. But if you register early enough you will qualify for a $700
early enrollment discount and pay only $2,295 Click
here to register now or to see dates and locations.
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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