Overview
· Write down the trading rules from the bootcamps and have them to hand when trading. Learn them inside out as you trade
· Stick to the rules as close as you can for every trade
· If you do not stick to the rules, record this during the journal (covered in detail in the next stages)
Use a very simple method; add vertical lines to chart when you take a trade.
Colour them to record trade results:
WIN = Blue
Red = Loss
White = BE
Using the excel sheet provided (It will calculate the data for you)
(or you can do this on paper)
Record this data (using the vertical lines it’s easy to add up the numbers and add them to your Trade Score Tracker:
a. Total trades
b. Total wins
c. Total losses
d. Win Rate = b (wins) / a (total trades)
e. Account gain %
Decide which strategy appears to suit your style and availability. You may change as you develop your skills and style.
Type: 1min Scalping. 5 to 15 min average trade time
Time Requirement: 1-3 hour at charts 3 days per week minimum. New York & London Sessions
Pairs: US30, NAS100
SL: 20 pips plus other variables
TP: Covered in bootcamps
Trade Set up: Various options covered in bootcamps in detail
Key Features
Proven track record over many years creating multiple 6 and 7 figure traders
Excellent training and 5-days per week live sessions with educator
Strict rule system
Specific trading times each day
Drawbacks:
Can cause over trading due to the nature of lots of 1-min signals
Quite a large number of rules, can be difficult initially not to take incorrect trade set ups, or take too many set ups
Can spend lots of time at the charts, but missing opportunities
Type: Intraday - 15 minute Set Ups (Mins to hours per trade)
Time Requirement: Few mins at chart once an alert is triggered. Ideal for busy individuals who work full time
Pairs: Gold, US30, NAS100, GER30, GCAD, ECHF, BTCUSD
SL: Below 238 and/or nearest high/low
TP: 1:2 or nearest significant high/low
Trade Set Up: 15m EMA Cross/Signal (Covered in bootcamps in detail)
Key Features
Fundamentals based off Killshot with a Proven track record over many years
Rules and entry system reduced to just a few easy to follow rules
Do not need to be at charts for long periods
Reduces over trading due to the strict set up criteria and frequency of the set ups
Drawbacks:
Less opportunities
Requires patience to wait for set up
Can be in trades from a few mins, to hours or a day
This is your hub for upcoming news that will cause volatility in the markets. Bookmark and download the phone app
Take the school of Pipsology in addition to the academies to understand the market in greater detail. Bookmark this site.
Journal your trades, win ratio, pips, calculate lot sizes and more. Every trader who is really serious about success does this process!
Currency correlation chart on mataf.net. Allows you to see how pairs move in relation to each other. Bookmark this site.
📈 Master The Basics. Take Your Time!!!
📈 Never Ever Quit. You can only fail if you give up!
📈 Treat Trading Like a business you have invested your life savings in
📈 Record all your trades in detail (include Entry, Stop Loss, Take Profit) Record the rules you took, or broke, to enter the trade. Record your trade management - did you exit to early, did you move to break even and when, did you increase your Stop Loss.
📈 Review each Trade, win or lose. Track the data and see why you won or lost. You will find what works for you and take your trading to the next level. You must do this if you are serious about being a successful trader