Trading the markets can be a daunting task. First, you need an edge, you must have a trading method with positive expectancy, this is crucial. This method must be consistent with your own personality and comfort level. The approach you use must make you feel comfortable.
Then comes the problem of emotions. All human emotions play a huge role in the outcome of this business endeavor. Greed and fear are powerful enemies not easy to control when there is real money involved. News, colleague’s comments, TV experts, and even family members can supply additional doses of adrenaline that can make you take wrong trading decisions. After a series of bad trades and some money lost then you become ill, and this illness is called “fear of losing”, what happens next? You are afraid of pulling the trigger to make a new trade again.
How to avoid all those emotions to trade successfully by yourself, not using an automated system to trade for you? It is impossible or very hard to detach a human being from emotions when trading with real money. What you can do is to control or minimize those emotions. The answer to this dilemma is to learn how to control risk.
Once you learn how to manage risk you will enter a state of mind that will control emotions and will let you take trading decisions with the best odds of becoming profitable. After a while, you learn that losing is part of the game and when losses are in control then the fear of losing disappears from your mind and you will begin to trade successfully.
Students will find here the necessary tools to improve their trading plan to a new level of mastery. With simple step-by-step instructions, they will optimize their skills to take high probability trades reducing risk using any time frame (day trading or swing trading).
What will you learn in this course?
Who should take this course?
This course is set for students that want to have a valid edge and to learn how to control risk to build a sustainable trading business.
This course foundation is based on endless hours of studying price charts and money management. Risk reduction is the cornerstone of trading the financial markets, if you focus your trading plan on caring for minimizing risk, then profits will take care of themselves. During this course, you will make an in-depth analysis of implementing risk reduction into your trading plan, which is the highway to becoming a profitable trader.
Updates: This course will be updated as any new improvements are made to my trading methodology.
You should have installed Microsoft Excel on your PC/Mac and have the law of supply and demand and candlestick charting.