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Phase 1 - Master The Basics
PHASE 1 – MASTER THE BASICS
PHASE 1 – MASTER THE BASICS
DEMO ONLY:
DEMO ONLY:
We are trading in demo only until you reach Phase 3.
Goal:
Goal:
To understand that success in trading is 5% about the trading, 95% about acting like a successful trader. Developing the habits of what makes a successful trader. The biggest goal here is to take trades on automatic, following the rule and we DO NOT CARE if it wins or loses.
Establish these key trader habits
Following strategy rules strictly
Journaling (placing the vertical lines on chart for entries)
Recording performance (recording your trade stats in the tracker)
Winning or losing trades does not matter
Establishing the habits of successful trader (master the 1st 4)
"TRADING RESULTS DOES NOT MATTER, it’s the process that makes the difference"
"TRADING RESULTS DOES NOT MATTER, it’s the process that makes the difference"
Time Required:
Time Required:
30 days minimum
Completion Requirements:
Completion Requirements:
Do not break strategy rules
Do no revenge trade/over leverage/gamble
Journal every trade on Trading View
Record performance every week and month total
Have no care about winning or losing, trade like a robot
Phase 1 is the most important of all phases, we are establishing the foundation for being a successful trader. Do Not Rush, Do Not Cheat!
Phase 1 is the most important of all phases, we are establishing the foundation for being a successful trader. Do Not Rush, Do Not Cheat!
Many will find that within 30-60 days of doing this 100% of the time, you will all of sudden be profitable, no matter the strategy you are using or how many strategies you have jumped between in your trading journey. Once you really have the cognition that its never been the strategy you will start to enjoy trading and look forward to the possibilities.
30 Days Completed - Book a Zoom with your Mentor/Enroller
30 Days Completed - Book a Zoom with your Mentor/Enroller
They will review your progress an confirm if you are ready for Phase 2
Phase 2 Entry Requirements:
Phase 2 Entry Requirements:
Pass all the goals
If you breach any of the completion requirements in any area then you repeat another 30 days,
Once you have the cognition that it's the habits that makes the difference
You cannot move to Phase 2 until you have passed Phase 1 – your mentor/enroller will approve
Your mentor will also consider:
Was the strategy suitable for your time availability, your style, and risk appetite? Work with your mentor to find alternative strategy if not suitable.
Repeat the process with the new strategy if you change
Go To: Phase 2 – Review & Refine
Go To: Phase 2 – Review & Refine
Disclaimer: All content and information provided on this website are for educational and informational purposes only, specifically relating to trading in financial markets. They should not be construed as specific investment recommendations, endorsements, or solicitations to buy or sell securities or any other investment instruments.
MWT does not provide direct broker services, trading services, or hold custody of any investor funds. MWT is not a licensed investment service provider and does not offer any services that would fall under such categorization. Any references to “trading” or “trader” on our platform should be understood as notional or fictitious trading on demo accounts. MWT assumes no responsibility or liability for any misinterpretation, misuse, or reliance on the information provided on this website.
Trading Futures, Options on Futures and FOREX involves substantial risk of loss and is not suitable for all investors. Opinions, market data, and recommendations are subject to change without notice. Past performance is not indicative of future results.
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