Embedded Files
Overview
Intro Video (Cover This Page Step by Step)
Intro Video (Cover This Page Step by Step)
The Ultimate Day Trading University
The Ultimate Day Trading University
The Trading Plan
The Trading Plan
1) Learn a Strategy (This Page)
1) Learn a Strategy (This Page)
Learn a Strategy: KILLSHOT OR GOLDMINE
Learn a Strategy: KILLSHOT OR GOLDMINE
Step 1) Follow The Strategy Rules
Step 1) Follow The Strategy Rules
· 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)
Step 2) How Journal Trades on Trading View
Step 2) How Journal Trades on Trading View
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
Step 3) Record Performance
Step 3) Record Performance
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 %
Trading Stats.xlsxStep 4) Choose Your Strategy
Step 4) Choose Your Strategy
Decide which strategy appears to suit your style and availability. You may change as you develop your skills and style.
KILLSHOT
KILLSHOT
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
Assets: 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
GOLDMINE
GOLDMINE
Type: Intraday - 15 minute Set Ups (Mins to hours per trade)
Time Requirement: Few mins at chart at London or New York Sessions
Asset: Gold
SL: 100 (1000) Pips
TP: 100 (1000) Pips (Option to trail for bigger RR)
Trade Set Up: (Naked Trading) Trade Trending, Support & Resistance
Key Features
Simple Technical Analysis, Establishing current trend, key area of support & resistance and trading gold from zone to zone
Rules and entry system reduced to just a few easy to follow rules
Viable set up daily
Reduces over trading potential
Drawbacks:
Less opportunities
Requires patience and discipline to learn technical analysis and how gold moves
Can be in trades from a few mins, to hours or a day
Go To: Phase 1 – Master The Basics
Go To: Phase 1 – Master The Basics
Useful Trading Resources
Useful Trading Resources
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.
Keys To Success
Keys To Success
📈 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
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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