For whom it is intended: Traders, regardless of the size of their accounts, be it $5k or $5mm, who engage in trading equities, futures, options, or forex. Traders seeking a straightforward, proven trading strategy to identify, enter, and exit pullbacks with higher chances of success, without falling into the trap of buying a dip that turns into a market crash.
Originally broadcasted live from May 24th to June 9th, 2022.
Outline of the course:
Section 1: Establishing a Solid Foundation
- Ten principles of successful trading
- Defining your edge with Market Pullbacks
- Surviving highly competitive markets, even as a part-time trader
- The evolving nature of markets
- Leveraging small edges for significant results
- Profiting in the absence of a “free lunch”
- Key aspects in trading
- Principles of position sizing
- Training your psychology for winning
- Understanding probabilities in trading
- The secret to long-term sustained success
- Identifying favorable pullbacks
- Analyzing a pullback’s structure
- Relationship between trends and pullbacks
- Entering different points within a trend
- Examples of unfavorable pullbacks
- Common mistakes made in pullbacks
- Optimal entry points to avoid being too early or late
- Appropriate sizing for risk management
- Knowing when to exit and avoiding prolonged holding (i.e., “greed”)
- Pursuing pullbacks after market climaxes (FOMO)
- Disregarding entry failures
- Identifying current market opportunities from the previous day/night across all markets and timeframes
- Live Q&A session
Day 2: Trends and Variations in Pullbacks
- Understanding trend structure and pullbacks
- Navigating market “impulse waves”
- Impact of momentum on pullback trades
- Common misconceptions about divergences
- How trends initiate and progress
- Significance of the end of trends and its implications
- Post-pullback market behavior
- Examples of both successful and unsuccessful pullback trades
- Current market opportunities and examples
- Homework assignments
- Q&A session
Day 3: Position Sizing and Trade Selection
- Principles and considerations for sizing trades
- Brief overview of various sizing approaches
- Implementing fixed fractional sizing
- Relationship between risk and stop placement
- Dispelling myths about “low risk” in trading communities
- Using R for trade management
- Evaluating the correlation between stop placement and risk
- Options for initial stop and exit points
- Identifying prime pullbacks
- Applying the learned concepts in real trading scenarios
- Stock screening ideas
- Intraday triggers
- Homework assignments
- Q&A session
Day 4: Entry Strategies and Options Utilization
- Incorporating options into pullback strategies
- Tradeoffs and opportunities associated with options
- Managing time decay
- Vertical spreads
- Duration of holdings
- In-the-money status
- Various entry techniques
- “Go with” entries
- “Countertrend entries”
- Scaling into trades
- Using indicators to time entries
- Homework assignments
- Q&A session
Day 5: Post-Pullback Trade Management
- Managing trades effectively
- Categorizing trades into winners and losers
- Initial stop placement (mostly reviewed)
- Determining initial profit target locations (also a review)
- Trailing stops vs. “all-out” exits
- Scaling into trades
- Transitioning from simulated to real trading
- Integrating all learned concepts
- Reviewing trades set up and executed during the course duration
- Q&A session
Day 6: Integration of Concepts
- Recap of all training modules
- Live Q&A session
More courses from this author: Adam grimes
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Course Features
- Lectures 1
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes