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in THE TRADER The New 3 1 Rational Manager By Dr. Hank O. Pruden Two-Day Seminar on Behavioral Finance & Technical Analysis Biography of Professor Hank O. Pruden: Hank Pruden had 15 years full-time experience trading for his own account. While actively trading, Hank applied the Wyckoff Method and started development of the 3-in-1 Trader Model. Hank Pruden is Professor of Business and Head of Program in Technical Analysis at Ageno School of Business, Golden Gate University in San Francisco, USA. Executive Director of the Institute of Technical Market Analysis (ITMA). Sits on the Board of Directors of the Technical Securities Analysts Association of San Francisco (TSAASF). Past IFTA Vice-Chairperson – the Americas & “Academic Interface” person for IFTA. Ph.D. (with honors), Lundquist College MTA Best of The Best Award was given to Dr. Hank Pruden in of Business, University of Oregon; 1997 for Education. M.B.A., Haas School of Business, University of California, Berkeley; B.S., He was the Editor of The Market Technicians Association Journal, California State University,.Chico, USA. the premier publication of technical analysis for 11 years. COURSE DETAILS: 1-to-1 for 1! st Date: 10 & 11 June, 2006 The 1 15 sign up will be eligible to 1-to-1 Pre-Course Coaching & Orientation Session Venue: Renaissance KL Hotel with Dr. Pruden for full 1 hour! Time: 9.00am – 6.00pm Fee: RM4,995.00 Early bird (RM3,995.00 by 26/5/06) REGISTER NOW! Call 03-2145 5877 / 03-2148 9137 E-mail : firstname.lastname@example.org or FREE! Browse www.picapital.com.my Charting the Stock Market The Wyckoff Organised by P.I. Graduate Studies Sdn Bhd in Method collaboration with Dr Hank O. Pruden of Golden Gate University, San Francisco, USA. DO NOT MISS THIS OPPORTUNITY TO LEARN FROM ONE OF THE WORLD’S FOREMOST ACADEMICIAN ON BEHAVIORAL FINANCE & TECHNICAL ANALYSIS! The 3-in-1 Trader Course: The New Rational Manager By Professor Hank O. Pruden Date: 10 & 11 June, 2006 Venue: Renaissance Kuala Lumpur Hotel Time: 9.00am – 6.00pm Richard D. Wyckoff’s first instruction to his students of his stock analysis method published in the 1930s was quite simple and specific – “Forget all the decision-making factors you ever used. All you need to know can be found in the tables of stock prices and volumes in your daily newspapers.” Synopsis of this Power-packed 2-day Programme Hutson, Ed, Text. The Wyckoff method of Technical Analysis The Complete Trader; The 3-in-1 Trader Three key attributes, Characteristics and Talents of Performing Traders Behavioral Finance and Systems Building Pattern Recognition and Discretionary Trading Trader Psychology and Mental Discipline Pruden, 3-in-1 TRADER Programme Details DAY 1 Behavioral Finance and Systems Building 9.00am – 10.00am Behavioral Finance: What is it? 3-in-1 TRADER Individual Behavior and Mass Psychology 3-in-1 TRADER Life Cycle Model of Crowd Behavior 3-in-1 TRADER The Essence of The 3-in-1 Trader 2-Ring Binder 10.00am-10.30am Coffee break and Discussion of 3-in-1 Trader and the Wyckoff Method. The Wyckoff Method of Technical Analysis 10.30am – 1.00pm Dow Theory: A Primary Trend Projector 2-Ring Binder Overview, History and philosophy of the Wyckoff Method - 2-Ring Concept of the Composite Operator 2-Ring, Text Elements of Charting – Vertical Line and 2-Ring Figure Charts 12.30pm – 2.00pm Lunch 2.00pm – 3.30pm Advanced techniques in Wyckoff Supply 2-Ring and Demand Conception of Primary Market Phases 2-Ring The Three Wyckoff Laws 2-Ring Binder Practical examples Handouts 4.00pm – 4.30pm Tea break 4.00pm – 6.00pm Anatomy of a Trading Range 3-in-TRADER Wyckoff point & figure 2-Ring Binder The Nine Buying Tests The Nine Selling Tests Practical examples } 3-in-1, Text, 2-Ring Handouts Homework Action Sequences 2-Ring Binder END OF DAY 1. Wyckoff said: “Mastering the technical analysis aspects of the method is only half the battle of working effectively in the stock market.” The other half of the battle is controlling emotions and keeping a clear head when actually applying technical analysis in a not-so-perfect world. Programme Details DAY 2 The Wyckoff Method of Technical Analysis (cont.) 9.00am – 10.00am Recap Day One; question and answer Wyckoff Exit Strategies 2-Ring Binder Wyckoff’s Reverse Use of Trendlines 2-Ring Binder Wyckoff Campaigns – Bear raids 2-Ring Binder 10.00am – 10.30am Coffee break 10.30am - 1.00pm Market Principles within a Decline 2-Ring Binder Market Principles within an Advance 2-Ring Binder Risk Control & Money Management – The Wyckoff Way 2-Ring Binder Action Sequences 2-Ring Binder 1.00pm – 2.00pm Lunch Mental Discipline via the Ten Tasks of Top Trading 2.00pm – 4.00pm Mental State Control and the 3-in-1 Trader Composite Operator 2-Ring Binder Motives of the Composite Operator: 2-Ring an Analytical Model –2-Ring Ten Tasks of Top Trading. 3-in-1 Trader 2-Ring Binder 4.00 – 4.30pm Tea break Putting It All Together 4.30pm – 6.00pm Putting It All Together into a Trading Plan 2-Ring Action Sequences & Practical Applications 2-Ring Binder Awarding of Certificates of Achievement signed by Professor Pruden. Handouts END OF PROGRAMME Market Wizard Ed Seykota hailed “The Ten Tasks of Top Trading” as a significant contribution to the understanding of trading. WHAT PARTICIPANTS SAY ABOUT PROFESSOR HANK PRUDEN & THE WYCKOFF METHOD Testimonials of Students By Victor P. For several years I have studied various text, attended many seminars, and have subscribed to dozens of newsletters and correspondence courses with the dream of learning to trade for a living. Although I have gained a nit of good knowledge from all these sources none of them presented a clear path to becoming a successful trader. Only when I intended your course on Behavioral Finance & The Wyckoff Method did all the information I have gathered over the years begin to shape itself into a useful guide to successful trading. Today I have a clear understanding as to what occurs in the market and how to benefit from it. I realize the value of your teachings and plan to pursue further studies with you thanks for everything and I'll see you in class. By David W. There are two schools that teach you how to trade. The first school we both attended - the school of hard knocks. Most traders attend this school first and learn that the tuition is too expensive for what you get. The second school, of course, is GGU. By necessity, the training at GGU begins with a careful look at technical market analysis. I say that learning technical market analysis first is a necessity, not because it is where a student should begin, but because this is where most students in their ignorance think that they should begin. We all have a tendency to look outside of ourselves to explain why we lost money in the markets. Technical analysis, especially the Wyckoff series, does this admirably well. However, the GGU curriculum gradually leads us to the realization that we have ultimate responsibility for our trading. The Trading Psychology class helps provide us with a framework to take responsibility for and manage ourselves and our trading. This examination of ourselves is, of course, where we should have begun before entering the school of hard knocks. After graduating from GGU's trader's boot camp, a trader is better prepared to enter the school of hard knocks. He may not pass this school with an "A+" but at least he won't flunk out. And to borrow a line from Shakespeare, the student will know that the fault is not in the market but in ourselves. This knowledge is perhaps the most important benefit of this series because it allows the student the ability to escape his own prison. By Roman B. In 1996 I decided to get rich trading currency markets. I had no knowledge of any kind about trading. All I saw were the ticks up and down on the British pound. I lost about $1,200 on my first trading night to realize that I had to study the subject first. There are not a lot of places where you can get a "complete" trader's education. When I say complete, I mean that you'd learn three major topics of successful trading: psychology, money management and methodology. Usually, such places are individual courses taken with some of the traders' trainers. I was lucky to acquire the needed knowledge and to meet my teachers / trainers at Golden Gate University. The foundation of the traders' training at GGU is the certification program in Technical Market Analysis. The program contains classes that can be divided on three major categories: methodology - Technical Market Analysis class, Wyckoff I & II; money management - Wyckoff I & II, Trading psychology class; psychology - Trading psychology class and Behavioral Finance. In short, Technical Market Analysis class covers all major technical ideas, methods, and strategies for trading markets. It is a very good class to recognize different methodologies in the field. Wyckoff I & II classes refer to deriving a solid trading plan out of the methodology. Trading Psychology class glues all the classes together and approaches trading from your personal prospective. I believe every trader has been on the road of seeking THE methodology, or I should say "The Holy Grail". I've been studying technical analysis very extensively, which led me to passing the first 2 exams for CMT (Charted Market Technician) professional designation. By far Wyckoff methodology appealed most to me as a solid foundation for technical analysis. The principles that had been used in 1920s are still valid and what's most important can be used in conjunction with a lot of other technical methods. It is quite obvious conclusion, that most of us come across at some point, that it is not the methodology that fails a trader, but either a trader him/herself or his/her money management techniques. Unfortunately, it is not enough to study the technical analysis to become a successful trader. The construction of congruent business trading plan which would reflect your specific psychological traits is essential. In Trading Psychology class you will learn to approach trading as a business with its inventory expenses and unexpected drawbacks. Creating business trading plan will be your primary task. I'm very much sure you'll learn a lot about yourself. Keeping a daily trading diary and conducting discussions within a group of peers will increase your awareness of your behavior in trading and your everyday life. The separate words should be addressed about the teachers and the students. Being the coordinator of the program, Dr. Henry (Hank) Pruden not only a teacher of Wyckoff I & II, Trading Psychology and Behavioral Finance classes, but he is also a very energetic listener and advisor to many of the students in the class. He is a well-known lecturer and practitioner of Wyckoff method and is recognized both in the industry and academic community for his contributions to Behavioral Finance. Bruce Fraser is a co-teacher in Trading Psychology class. He is a mutual fund manager, practitioner of Wyckoff method and a trader with a big experience. His knowledge on the subject of trading is vast and very mature. I'm personally thankful to Bruce for his participation in my trading career. We've had so many traders with different trading knowledge and experience taking classes at GGU. For all of them it has been a mutually beneficial experience. As a well-known trader Ed Seykota says: "Everybody gets what they want out of the market." I have no doubt that everyone has got what s/he wanted from the classes and incorporated it into their trading.
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