The Godfather Of Technical Analysis: Your Stop Losses Are Costing You More Than You Think

Join Titans Of Tomorrow's Inner Circle (For Free Bonus Content & In Person event Invitations) 📩 https://join.wwatrading.com/titansoft... 30% Off forex & futures funding with Hola Prime: https://holaprime.com?affiliateId=697 (Or Use Code: TOT) 30% off all funding with Alpha Capital: https://app.alphacapitalgroup.uk/sign... (Or Use Code: TOT) Get Up To 40% Off Alpha Futures funding: https://app.alpha-futures.com/signin?... (Or Use Code: TOT) Get 20% off journaling with Tradezella: https://www.tradezella.com/?via=waqar (Or Use Codes: ToT10 or ToT20) Larry Connors joins us to break down the trading principles, market research, and risk frameworks he has developed over 45 years in the markets. Larry is the author of over 25 trading books, a pioneer of the 2-period RSI, founder of one of the most respected quant research firms in finance, and winner of the Charles Dow Award for technical analysis research. In this episode, Larry explains his “Power Law of Trading” framework, why he believes traditional stop losses can hurt performance, how he uses asymmetric trades, options, hedging, convexity, AI, and second-order thinking to find market opportunities. We also discuss the future of technical analysis, why most traders misunderstand risk management, how AI is changing trading research, the role of psychology, and what new traders should focus on if they want to survive long term. This episode is a deep dive into alpha, systematic trading, options, market structure, portfolio construction, and the mindset required to build real longevity as a trader. Subscribe for more conversations with world-class traders, fund managers, market researchers, and trading experts. __________________________________________ 🔗Connect with Waqar here: ‪@WaqarAsim.‬ Titans Of Tomorrow here:   / titansoftomorrowpodcast   Guest (Larry Connors):   / larry-connors-a044036   ____________________________________________________________________ Chapters: 0:00 Intro 3:30 What Alpha Really Means for Traders 7:44 The Power Law of Trading 12:32 Why Larry Doesn’t Use Stop Losses 17:31 Letting Big Winners Run 20:07 Conviction, Risk and Position Sizing 24:47 Where Discretion Actually Belongs 29:02 First Principles in the Markets 33:32 Correlation: The Silent Killer 38:26 Measuring Fear with RSI 42:37 Executing Asymmetric Trade Ideas 45:12 Second and Third Order Thinking 48:18 Finding the Losers in AI 53:34 Timing a Thesis Without Predicting 55:18 Larry’s Experience Day Trading 58:43 Why Most Day Traders Fail 1:00:19 Edge, Psychology and Patience 1:04:19 Matching Strategy to Personality 1:07:53 Market Efficiency and Retail Edge 1:12:39 Where Independent Traders Have an Advantage 1:17:29 Why Money Management Beats Technicals 1:22:15 AI, Trading and Human Psychology 1:27:01 Using AI to Find Better Truths 1:31:05 Avoiding AI Confirmation Bias 1:34:12 Does More Knowledge Improve Trading? 1:34:50 Convexity and Crash Protection 1:40:01 Lessons from the 1987 Crash 1:43:04 Portfolio Construction and Risk Limits 1:45:06 Diversifying Outside the Markets 1:47:13 What Still Drives Larry Connors 1:51:15 Profit Taking Without Cutting Winners 1:54:26 Chopping Off the Left Tail 1:56:03 Adjusting Positions and Greeks 1:58:43 Biases, Mental Models and Inversion 2:03:01 Larry’s Advice for New Traders This episode is brought to you by Hola Prime, the first prop trading firm in history with a Deloitte-audited payout record. 98.35% on time. Zero denials. Trade with them and get 30% off: https://holaprime.com?affiliateId=697 (Or Use Code: TOT)