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Ken’s Corner – An Intraday Bitcoin Trade With Controlled Risk

Ken’s Corner is a place you can pop in to see what kind of trading tid bits trader and instructor Ken Long is sharing. This week Ken shares the learning journey of one of his students. While students are still learning the patterns and methods, in the 3rd week of a 10 week course this student is applying the techniques he’s learned to intraday trading in Bitcoin and managing 37R in 2 days with very controlled risk.  In his workshop Ken uses chart markups to help him improve his exits …

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Big Money Power Games: The New Move Into Cryptoassets By, Van K. Tharp

Our readers will have to patiently stand by for the December Cryptocurrency Update until next week. Wednesday, the 15th of December (the last day of data collection) closes late, delaying our publication. So, today I want to focus on some of the material that likely would have gone into that update. Let’s start with 2017, when I first said that cryptoassets were the opportunity of a lifetime. Here are some examples of “Big Money” quotes at that time. Avoid BTC like the plague. There is nothing to support BTC except …

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Update on Cryptocurrencies as of October 15, 2021 By, Van K. Tharp, Ph.D.

We did not publish a Crypto Update last month in mid-September. My laptop had crashed (the whole motherboard had to be replaced) and we started driving back home to North Carolina from Las Vegas. Thus, I have a lot to catch up on with you this month. Bloomberg announced in May 2018 that they had formed the Bloomberg Galaxy Crypto Index which was significant for several reasons. First, Bloomberg only caters to institutional clients. An index of this nature was the first step to widespread institutional involvement. The index tracks …

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Do Routine Things Routinely By, Ken Long

Trading is all about taking action. That is, taking the right action according to your rules for Standard Work. We have Standard Work for normal conditions (what to do when things are normal) and we have Standard Work for abnormal conditions (what to do when things are interesting). Your relationship with your Standard Work defines your mindset, habits, and approach to trading as a serious person. In a legendary comedy routine, the ventriloquist artist Senor Wences would ask Cecilia Chicken how she knows that this egg is her “son.” Then, …

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Market Volatility and Systematic Approach By, D.R. Barton, Jr.

I keep a close eye on various volatility measures more than anything else in the markets. Sure, price is king, but without a context for how price is moving, I have a difficult time making decisions. For example, a one-dollar move in the utility Southern Company (SO) is a much bigger deal than a one-dollar move in the more volatile tech/real estate company, Zillow (Z). Currently, even while near a market high, the volatility we see is quite unusual. Textbook technical thinking would tell us that when stocks get volatile …

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When Life Gives You Lemons…Teach Others By, Ken Long

When life gives you lemons, figure out how to make lemonade, then use Scale, Leverage, and Momentum to Innovate. Next, make an Artifact to lock in Innovation-That-Lasts, then Lather-Rinse-Repeat with Continuous Improvement. Finally, Teach Others in order to Learn More. COVID forced us to adapt the way we teach our Tortoise trading techniques. From long-term core investing, to intermediate-term swing trading to short-term day trading, and the hybrid trading approach which integrates them all in a master trading strategy. An “instructional coaching” approach when teaching our Tortoise style of trading …

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May 2021 Market Update Bull Normal Market Type By, Van K. Tharp, PhD

I always say that people do not trade the markets; they trade their beliefs about the markets. In that same way, I’d like to point out that these updates reflect my beliefs. I find the market update information useful for my trading, so I do the work each month and am happy to share that information with my readers. However, if your beliefs are not similar to mine, then this information may not be useful to you. Thus, if you are inclined to go through some sort of intellectual exercise …

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Special Update on Cryptoassets as of May 26, 2021 By, Van K. Tharp, PhD

“I’d rather own Bitcoin than Bonds.” Dalio, Ray. Ray Dalio: ‘I Have Some Bitcoin’. “CoinDesk Forum.” 24 May 2021. I’m doing a special update on cryptos because of the recent crash. My belief says we just had a mini-bear market within a major bull market and there is still great opportunity ahead in this market. Market Summary First, our Super Trader system stopped out of BTC on May 15th at $46,877.18 when it closed below our exit price of $49,090. I was a little stunned by that as I thought …

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Commercials Recap By, Chuck Whitman

  For a quick recap on Commercials, review the summary points below:     Every successful product exists because it has a legitimate business purpose for the commercial firms that utilize it. Without the commercial firm’s willingness to use the product, it will fail. Commercials are the primary influence in any market that we trade. Commercials are the participant for whom the market primarily exists. Each market usually has a commercial user who is a natural long and a commercial user who is a natural short. The easy way to …

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(VIDEO) BTC vs. Altcoins: A Divergence From May 17, 2021 By, Gabriel Grammatidis

We see some very interesting market dynamics with the recent sell-off in BTC price. For the first time in a long time, we see a divergence of BTC vs the Altcoins: While BTC has gone sideways for a good number of weeks now and just broke lower, many Altcoins have increased in price a lot and only show now a healthy pullback. BTC determines the overall Crypto market type and everything depends now if BTC can regain ground (Rebreak of resistance), or if it needs to pull back even deeper. …

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