Day, Swing and Hybrid Trading Systems Workshops - Quarter 2 With Ken Long
Quarter 2 Currently in Session
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Weekly Lessons, Q&A Sessions, and Instructor Support.
A new structure from Ken Long and Tortoise Capital!
VTI is partnering with Tortoise Capital to offer you relaxed and adaptive learning with total flexibility.
YOU are the best judge of your time and how to use it. Now you are in the driver’s seat...
Ken Long has been teaching as long as he has been trading. A natural-born teacher, Ken was mastering the practice of remote learning long before COVID, both at the Army Command & General Staff College and Colorado Tech University Doctoral Program.
Now, Dr. Ken Long has structured his line of trading courses to operate just like his graduate-level program.
Structure of the Program
There will be one topic-focused set of courses per quarter.
The next quarter will begin on April 1st, 2021.
This program is designed, for the most part, to allow you to work on the course material when it is most convenient for you.
Each quarter Ken will offer:
Each student must start with Foundation. This building-blocks segment will cover similar elements for each course and is required learning before attending the other courses (regardless of how many you choose to take).
One may take Foundation and up to two other courses per quarter if your time allows. It is highly recommended that you take Swing Trading or Day Trading before taking Hybrid. If you enter the Hybrid course before studying Swing and Day, you may find yourself at a disadvantage in your learning. Taking both Swing and Day Trading first is the best case, but at least one is required.
*Some students may have taken Swing or Day Trading in the past, and that previous attendance will qualify you to take Hybrid. However, in most cases Foundation will still be required.
There will be one lesson per week allowing you to manage your own study time and calendar. Lessons are delivered through live-stream and recorded material. In both cases Ken will be available for live questions during and after the lesson.
Register for the courses on this page but to read more about each topic click below.
What Ken has to say about this new structure:
"As you know, I teach in a couple of MBA programs and doctoral programs. In graduate school for adults, you teach a two-hour lecture per week with some homework and a question and answer session for feedback. You do that over 10 weeks and lock it into a syllabus. It's a manageable way to learn the material. I've always suffered with students when putting 30 hours of material into one weekend. It really is drinking from a firehose. I think this approach you and I are talking about, if we go for two hours and have ongoing support and a Q&A session, at the end of 10 weeks we'll have something that resembles what adults can sustain for long term retention of material. Plus, it gives us the ability to get feedback along the way without being rushed.
My intention is to teach this structure four times a year, January, April, July, and October. There will be two-hour lessons each week, homework assignments, and guided laboratory. Then a recorded Q&A session on Saturday. This aligns nicely with how I've been working with the nightly strategy podcast and weekend Q&A sessions."
What Ken says about the Foundation Course:
This course..."takes all the basic material that supports the core, swing, day trading, and hybrid trading. What is a frog box? That applies to different styles of trading. How do we analyze a histogram of trading results? What do I mean by a dragon and a river? Why have you chosen to adapt the way you have? All of those will go into a basic training course. That would either be a refresher for someone or an introduction to trading for others."
—Excerpted from webinar transcript
About Your Instructor
Ken Long holds a Doctor of Management in Organizational Development from Colorado Tech University, an MS in Systems Management from the University of Southern California, and a BA in Asian History from Michigan State University.
In the 1990s Ken began investing in mutual funds, and has grown over the last fifteen years into an outstanding big-picture thinker and tactical trader.
Dr. Long is also a natural-born teacher. A retired Lieutenant Colonel in the Army, Ken now teaches at the Army Command and General Staff College and Colorado Tech University doctoral program.
His dynamic trading workshops, in collaboration with the Van Tharp Institute, include Adaptive Swing Trading, Day Trading Systems, Hybrid Trading, and two video workshops covering swing trading and long-term core systems. He has evolved his strategies over the years and teaches his latest advancements in his workshops. Ken distinguishes himself from being “just” a great trader because he also constantly sharpens his skills as a teacher, coach, and mentor.
There are a number of great traders around who exceed in their craft in the markets and Ken is one of them. Ken is constantly honing his skills as a trader and challenging his traders to do the same.
From the webinar, excerpt on how blended systems evolved: Click on the webinar link at the top of screen in the image section to watch the full webinar.
This is an excerpt from the transcript:
Ken: "... I learned that a lot of the patterns I was seeing intraday could actually be used on daily, weekly, and monthly charts. We used the fractal nature to migrate them to a longer timeframe. We developed half a dozen swing trading strategies to allow us to frame a trade with reasonable reward and risk. We were able to develop a relaxed way of constructing swing trades using patterns we were comfortable with.
In the early 2000s, there was now a two-way relationship between how I was trading intraday and how I was trading on swing trades. That allowed me to create hybrid trading, which is a feature of my trading from 2015 onwards. Now I'm looking to integrate the information that comes out of systems I'm trading. Whether it's long term, swing, or day trading, I try to find the seam in-between.
If I have a core position that comes from the blended monthly rebalancing, I'm then able to take that to a swing trade and trade it in a way that works with the core. PBW is a clean energy ETF. Prior to the COVID meltdown, it was an ETF in our portfolio of about 200 ETFs we considered. That hit a 10% trailing stop in the usual way in the COVID meltdown. We were protected from a 60% selloff.
Then PBW became immediately one of the leading candidates for re-entry once the recovery began in April. It has moved from $30 to $100. On weekly charts it has never looked back. We had a supported spring crossing on the weekly. The price crossed over the dragon, which triggers an entry. There was initially a $3 risk. It moved to $100 without ever exiting. We stayed with that all the way up. There were other moments on weekly charts where it made sense to add additional swing positions. We ended up getting about 6 additional entries. All the while it was gaining over 100% in the core portfolio. This is what we mean by hybrid trading -- we're combining systems, signals, and portfolio management. The same relationship works between swing and day trading.
Right now I love to trade PBW in my core portfolio and have swings on it to give me insight about support and resistance. I also like to day trade it because it's liquid intraday. Now I'm very comfortable and familiar with a different support and resistance level inside PBW. My cognitive effort in how to trade PBW is very low because I've invested the time.
If I was to start with SLW, the steel ETF, I'd have to learn data and analysis on a monthly, weekly, and daily basis. Then I would feel comfortable using hybrid trading.
From 2015 to the current state, hybrid trading is a meta system that allows us to incorporate systems and strategies from multiple timeframes on a common set of symbols and try to find critical states in every timeframe. The idea of a "critical state" is central to hybrid trading. I define a critical state as a moment when that symbol has a greater than normal probability of a larger than normal move in either direction in a shorter than normal period of time. In other words, it's a popcorn kernel that's been in the microwave for 30 seconds already, but we believe it's closer to popping in the next 30 seconds.
As it begins to move, I can take a position in the direction that price is taking. I can let price pull me into the trade. Then my only job is to move my stop to prevent risk. That's no risk plus dinner for two. When I first put the trade on I'm risking an amount of my core portfolio. That can be an emotional event because you know you have skin in the game. It's different having money on it and not having money on it.
If price has moved far enough in one direction that I can put a stop in place that if it's hit I'm still in the money, now it's a science project. I have an exit strategy and a way to manage that trade. The science project is to see what happens if I follow my rules. My existential angst is removed.
To manage that trade with rules and gather that evidence as a science project and use that to allocate money -- it becomes a science project and management project. Then I can use assessment and learning to find the justified level of risk to place on an individual trade. Then to manage my emotional state and pay close attention to the things I think I am learning. What's the evidence for having confidence to trade at a certain level? That's part of the learning system that helps me manage the systems I am using to trade.
I want to conclude this portion by saying that it's unfolding and flowering into a core system, swing systems, and day systems. Then core strategies, swing strategies, and day strategies. Then a capstone of a hybrid strategy that looks to synthesize or integrate the performance of those different approaches that uses a meta-system to guide my decision making. That's where I am right now.
The community of folks trading in this way -- everyone is finding space in this ecosystem in a way that makes sense to them. We're incorporating the principles of the daily tasks of trading. We use our case studies and the evidence from our trading as the basis of ongoing self-development. It's one thing to record the results of a trade and entirely something else to mine that for the insights that are available. There are things I see on charts now that I didn't see at the time I was trading. When I go back and look at things, I see things I was not aware of.
The system of ongoing assessment and learning, in my view, may be more important than any single system a trader is using. It allows you to stay connected to the market and world. Who knows where it's going to go? Exactly no one. You need a system that allows you to stay connected to the dynamics of the market. That's an important system to add to the toolkit."
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