Larry Tentarelli, brought up in the financial industry by parents who introduced him to the markets at an early age, didn’t find his feet in the markets until later on in life.
It took him roughly 7 years to be profitable. Larry learned the power in simplicity by following a simple trend following trading strategy. Now he trades purely stocks and ETFs.
These days Larry is well known for picking big stock moves which he shares on Twitter where he was voted 2nd most helpful trader on Twitter in 2016, on a New Trader U poll.
In the show Larry shares:
- How to properly use the average true range (ATR)
- How a 200 Simple Moving Average could change your trading career
- Why he now uses 100% Technical Analysis despite being introduced to the markets Fundamentally
- What is the weakest link in a trading system
This Podcast is Totally FREE.
Order Cam a Beer to Say “THANKS”.
“Everyone knows how to manage a bad trade. You use a Stop Loss. But where people have a lot of difficulty is knowing when to sell their winners.” – 37:05
- Reminiscences of a stock operator by Jesse Livermore
- Trend Following by Michael Covel
- Market Wizards by Jack Schwager
Brokers & Platforms
- He advises people to keep trading strategies simple and clean
- Don’t overtrade
- Don’t risk too much
- Use Simple Moving Averages instead of Exponential moving averages
- Control your emotions by taking away the ego of predicting market movements
- Spend a lot of time back testing
- If you have a day job, have enough equity before going full time
- You have to find a system that works for your personality
- Don’t trade long hours
- Treat trading like a business
- uses 200 SMA
- trades on the Daily Chart
- ideal risk reward ratio 3:1
- win ratio is 40% – 50%
- believes in letting your winners run
- takes a long term style of trading
- is a trend follower
- loves to use the 200 SMA price cross for his entry
- exits at reversals
- uses ATR (Average True Range) for his analysis
- Whether Bullish or Bearish, Larry waits for price to cross his 200 SMA
- He then places a trade on the break
- He holds his position until price reverses or breaks the 200 SMA on the opposite direction of his trade