The Best Type of Strategy to Develop

"You should try to develop a strategy that strikes a good balance between giving you an expectation of making money over the longer term and finding you a lot of opportunities to trade.

The strategy must have a positive expectancy (where trading profits are positive and big enough to cover commission and slippage) and also a high opportunity (the number of signals this particular strategy generates). The higher the better, considering it has a positive expectancy."

You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature, hitting win after win, and you'll be well on your way to financial independence!

Learn to Know When Not to Trade

"Trading is a fifty-fifty split between knowing what not to do and knowing what to do. For example, you learn to avoid scenarios where risk cannot be properly managed. Knowing when not to trade is one of the most important skills for a consistently winning trader.

I always try to avoid situations where the market may have a big unpredictable outcome. Some examples are trading just before major economic reports, such as the employment report; trading ahead of the Fed meetings; or trading stocks ahead of earning reports."

You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature, hitting win after win, and you'll be well on your way to financial independence!

Be Very Selective in Your Trading

Increasing the selectivity of your trades and maximizing your review process will be much better than spending a lot of time in front of the screen.

If you spend more time reviewing your trades and less time actually trading, you will naturally become more selective in your trades, as you will find from studying your own trading patterns what really works best for you.

(this is an excerpt from the Trading eCourse: Chapter 6 - Tricks of the Trade)

Contents


1 First Things First
   1.1 Your Final Goal
   1.2 Who Should Take This Course
   1.3 The Necessary Commitment

2 Developing a Trading Strategy 
   2.1 Choosing a Trading Style
   2.2 Research and Testing
   2.3 Trading with an Edge
   2.4 Trading Systems
   2.5 Risk Management
   2.6 Changing Market Conditions
   2.7 Repetitive Trading Patterns

 3 The Mental Game
   3.1 Trading with Confidence
   3.2 The Right Trading Mind-Set
   3.3 Admitting and Correcting Mistakes
   3.4 How to Think about Individual Trades
   3.5 Avoiding Self-Sabotage
   3.6 Overtrading
   3.7 Self-Coaching
   3.8 Flawless Execution  
   3.9 How to Manage Drawdowns

4 Markets: What Works and What Doesn’t 
   4.1 Being in Sync with the Market
   4.2 Market Type: Momentum, Mean Reverting
   4.3 Indicators and Trading Techniques
   4.4 How to Trade Stocks

5 Creating the Right Trading Structure 
   5.1 Trading Routines
   5.2 Trading Journal
   5.3 Business Plan
   5.4 Education and Training

6 Tricks of the Trade 

Appendix A: Interviews with Two Top Traders
Appendix B: An Example of a Backtesting Study
Appendix C: Reinforcing the Message
Appendix D: Glossary

How to Solve Trading Stress

If you find yourself very stressed over a trade, it probably means you are trading too big a position. Size down. Fear is responsible for nine of every ten trading mistakes. You will experience fear when you are trading too big relative to your present emotional comfort.

When you feel like you can’t leave the trading desk, or if you are checking prices on your mobile device every five minutes, those are signals that you are committing too much capital and emotional energy in your current trade.

(this is an excerpt from the Trading eCourse: Chapter 6 - Tricks of the Trade)

Course Description

The course progresses through six chapters, each building upon the last to help you develop a deep foundation to boost your trading results. 

Inside, you will learn how to develop a trading system and discover which trading techniques should be included in your trading methodology. You’ll also learn about the psychological aspect of trading and how you must treat your trading activities as a business. 

Ultimately, this course and mentorship program guides you to begin creating your success without the extensive trial and error periods that thousands of other traders have endured. 

Successful Traders do not Predict Markets

The most successful traders do not predict markets—they leave that for financial commentators, economists, and analysts. Consistently winning traders follow the signals generated by their systems, strategies, or methodologies. They get out when their stops are hit or their trading edge is no longer present or active. They do not take profits before their methods tell them to. 

Successful traders also look for many opportunities to exploit their trading edge; this makes them less likely to experience losing months in their accounts. Most traders do not understand this line of thought. As a result, they try to predict the market direction and fail to achieve the desired trading consistency. 

(this is an excerpt from the Trading eCourse: Chapter 1 - First Things First, section 1.1 - Your Final Goal)

How to Think about Individual Trades

Most traders focus too much on the outcome of the trade they are currently in. This is a big mistake and the source of most unnecessary trading losses.

Each trade should be seen as one trade of the next twenty or fifty the trader is going to make. Many of those will be losses, but many will be winners. The results of those bigger sequences—and not the trade-by-trade outcomes—are what really matter.

(this is an excerpt from the Trading eCourse: Chapter 3 - The Mental Game, section 3.4 - How to Think about Individual Trades)