PRX Crypto System Workshop (Recorded Version) – Van Tharp Institute

Course Description

With great opportunity comes great danger. Van Tharp believed that cryptocurrencies will present the opportunity of a lifetime over the coming years, but that most people will “lose their shirts”. As traders, how do we avail ourselves of this opportunity and avoid the dangers?

In this recorded workshop, you will learn to successfully trade a crypto-specific system in a professional and risk-managed manner, using a variety of time frames and crypto instruments. This system was designed around Van Tharp’s crypto beliefs and Ken Long’s tactical market framework. With SQN’s ranging from 3.11 to 6.37, this system can be traded intraday, swing, or weekly. It works on crypto ETFs, crypto futures, altcoins, and Bitcoin.

The system you will learn produces large R multiple trades, with winners of 20R – 25R being quite probable, and winners of 60R – 80R not being impossible. Thanks to its simple and robust rule set, this system is easy to understand and execute. With its low cognitive load, this system is time efficient, can be easily automated, and offers an excellent payoff relative to the amount of time it takes to implement.

Because it does not require an in-depth understanding of crypto fundamentals, this system makes trading crypto accessible to those who don’t want to constantly keep up with the complex and rapidly evolving world of blockchain technology.

Learning Objectives

After this workshop, you will be able to successfully trade the PRX Crypto System in a professional and risk-managed manner, using a variety of time frames and crypto instruments.

Professional is defined as:

1. Incorporating the foundational elements of Tharp Think
2. According to the written rules of the system
3. With accountability and responsibility for your results

Risk-Managed is defined as:

1. Understanding the beliefs, edges, limitations, and assumptions behind this system
2. Being aware of the dangers inherent in the crypto markets
3. Accounting for the volatility of the crypto markets through the use of adaptive technical indicators and position sizing
4. Implementing a time frame(s) and crypto instrument(s) that fit you as a trader

System Edges

The PRX Crypto system has a number of powerful edges. These include:

• Flexible:
  Captures opportunities in crypto through several different instruments including crypto ETFs, bitcoin, altcoins, and futures
• Robust:
  Avoids overoptimization and data mining
• Simple:
  Easy to understand and easy to execute
• Crystal Clear Rule Set:
  No matter what the market does, we know exactly how we will respond
• Low Cognitive Load:
  Cognitive load is one of the often-overlooked costs of trading. We believe it’s wise to ask, “How much does all that money cost?”
• Time efficient:
  Excellent pay off for the amount of time it takes to execute, and can also be traded on a fully automated basis
• Does not require an in-depth understanding of the complexities of crypto fundamentals
• Fractal:
  This system can be traded intraday, swing, or weekly or any combination thereof
• Volatility Adaptive:
  This is accomplished thanks to the math behind the indicators we use and the way we apply them in this system’s rule set
• Large R Multiples:
  20 – 25 R is quite probable, 60 – 80R is not impossible
• Unique View of Price Action:
  Not many people are looking at the market using these indicators
• Statistics based:
  Think like the house, put statistics and long-term probability on your side
• Trades Crypto:
  This is an edge in itself!
• Ruthless Risk Management:
  This is built into the system at a number of levels
• Can Be Fully Automated
• Custom Built Indicator and Strategy Available:
  Low cost, easy to use, works on mobile devices, system-specific, easily enables backtesting and automation, further reduces cognitive load

Agenda

The agenda for this course includes the following topics.

Agenda Topics

• Beliefs, Edges and Assumptions
• What is PRX?
• PRX Crypto ETF Swing System
• PRX Alt Coin Swing System
• PRX Intraday System
• PRX Weekly System
• Bar-by-Bar Chart Practice
• How To Get Started