How many ways can you grow your money and protect your trading portfolio from Black Swan events, bear markets and other unexpected occurences?
1. Trade a diversified portfolio of strategies
Trading a diversified portfolio of strategies allows traders to build portfolios without having to waste time trying to predict market direction. As Larry Connors pointed out in a conversation to a group of traders this week:
Nobody has the ability to predict where the market is going to be three weeks from now or three months from now or a year from now. They couldn’t tell you four weeks ago that the markets were going to bring what the past four weeks have brought. So if they couldn’t predict what was going to happen over the past four weeks, they’re not going to be able to tell any of us where it is going a year from now.
What we want to do is to put strategies in place ahead of time for the times when the markets are rising and the times when the markets are falling.
2. Use 21st century risk management techniques
Professional traders have been using systematic risk management techniques for years to know when their models are working and when markets have moved into uncharted territory. During the Black Swan events of 2008 and 2009, a number of top hedge funds were able to “pull the plug” on their trading systems when their risk management alarms went off.
These risk management techniques saved these firms and their clients millions of dollars. But, importantly, these same risk management techniques used by professionals – techniques like statistical risk monitoring and dynamic hedging, for example – can and should be adopted by independent traders and investors as well.
3. Join Larry Connors for the Fall Semester of the Swing Trading College
You could read a hundred books on topics like trading diversified portfolios of strategies or how to properly monitor and analyze portfolio-wide risk. You could subscribe to magazines and newsletters. You could remain plugged in to Fox Business News all day, and CNBC all night …
Or you could spend just 10 weeks with a professional trader with nearly 30 years of experience in the industry, a professional trader who will guide you from building your first high probability trading strategy to hedging and protecting your portfolio of strategies against everything from overnight risk to Black Swan Events.
Find out more about Larry Connors and the Fall 2011 semester of the Swing Trading College. Click the link below to save your spot at his upcoming special presentation introducing the Fall semester (classes start on Tuesday, September 6th).
Managing risk will be the theme of the Fall 2011 semester. With the second Black Swan Event in less than three years still upon us, traders and investors need practical, state-of-the-art tools and techniques to protect their trading portfolios and grow their money regardless of market environment. And now, with full integration of The Machine Pro into the Swing Trading College curriculum, the Fall 2011 semester may be the most comprehensive trader training program we’ve ever offered.
See what the Fall 2011 semester of the Swing Trading College can do for you and your trading. Visit us at the link above today.
David Penn is Editor in Chief of TradingMarkets.com