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
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
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!
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
Early bird (RM3,995.00 by 26/5/06) REGISTER NOW!
Call 03-2145 5877 / 03-2148 9137
E-mail : email@example.com 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
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
12.30pm – 2.00pm Lunch
2.00pm – 3.30pm Advanced techniques in Wyckoff Supply 2-Ring
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
} 3-in-1, Text, 2-Ring
Homework Action Sequences 2-Ring Binder
END OF DAY 1.
“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.
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
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
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
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.