Ken Long： Super Trader!!!

While Everyone Was Nervous,
One Great Trader Took 100R from the Market Last Week

by Van K. Tharp, Ph.D.

Ken Long is one of our best instructors at The Van Tharp Institute and he may have reached "master" status given his consistent performance over the long run and recent outstanding results. Ken always teaches the traders in our workshops to manage the left side of the trade—risk. Sometimes the right side (reward) works out okay and sometimes it works out fantastic, but the focus is always on managing the risk. He did that last week as he always does even as everyone else was concerned about the chaos. We even had one person tell us that he would never keep stops again because he was stopped out of everything on Thursday. Well, in that same week, Ken managed to make 100R.

Let’s look at how he did it. After a large multi-day move down that started about 8 trading days back ($74 range), Ken believed that a stock on his watchlist had overreacted and there was a chance one morning midweek last week that there could be a bounce back up. As he likes to say, “The market never reacts when it can overreact." Ken was watching for signs of a strong bounce up after the open - a very low risk entry. When he saw it, he went long on it for the first time just before 10 AM. As a result of the strength of the move, he entered four times that hour, maintained his normal risk controls and was able to pull 60R out of one trade. That’s truly phenomenal.

In another notable trade last week, Ken pulled in 22R. In addition to his other winning trades (and a few losses, too), Ken finished at 100+R for the week.
Ken fully acknowledges that his results were beyond the range of “normal.” In his own words,

“That 100R week is an anomaly. We did what we always do in the chatroom with good setups and risk control. This keeps in line with the idea that when we carefully control the risk, we leave in place the means for an upside ’catastrophic reward.’ Last week, the market decided to reward us in the moment.”

Regarding my comment on Ken achieving “master” status, he had this to say,

“I prefer to think that I was a pretty good student last week: I did my homework, came to class prepared, listened very carefully, and paid close attention to the tasks at hand. The market is the master and each day we have an opportunity to learn.”

While many of you are scared of this market, I have been saying for some time that the wild markets ahead present numerous opportunities.

Ken Long will be presenting two workshops in June for the Van Tharp Institute. If you want to know how Ken trades and the specifics of his 100R week, be sure to attend.

About Van Tharp: Trading coach, and author, Dr. Van K. Tharp is widely recognized for his best-selling books and his outstanding Peak Performance Home Study program— a highly regarded classic that is suitable for all levels of traders and investors. You can learn more about Van Tharp at www.iitm.com.


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Ken Long　の話は前から聞いていたけれど、こうやって新しい机を前にしていると、トレーダー魂がうずいてきた。

彼がいくつものストップロスを味わった後でさえ、なおもストップをつけたエントリーを彼のシステムに従ってできたということが、彼のトレーダーとしての一面を如実に表している。

つまり、以前、ウィザードシリーズの　Big Loss　の本を読んで、そこに出ていた人たちが何百万ドルの損失をした後、すぐにそれを取り返すことができたのは、やはり彼らがある意味、特別だったからだ。

つまり、彼らにとってはその大損失でさえ、彼らのステートを崩すものではなかったということだ。

その負けは、勝つための一つの過程でしかなかったということ。

今の私のステートでKen　の記事を読めたことは、自分にとって大きな機会が未来にあることを意味している。