Ten Session (40 Hrs) Self-Directed Investment & Trading Course
We have come a long way since starting the club back in March of 2010. During that time we have learned not only how to self manage our long term investment accounts but also how to make a living as traders. This course represents the total learnings to date of this club and is in keeping with our core tenet of unselfishly sharing our knowledge. This course is being offered to all of our members at a fee of $500, which goes toward covering the costs our club’s expenses.
Here is the course syllabus:
We use the following four books along with many other supporting articles, spreadsheets, and the current's week trade examples.
1) Mastering The Trade by John Carter
2) A complete Guide to Technical Trading by John L. Person
3) Trading In The Zone by Mark Douglas
4) How to Make Money in Stocks by William O'Neil
Prior to each class session we do market reviews where we review the major maket indexes for long term investment situation and beginning with session four, we also review the latest Day Trading setups for the Dow Futures market.
In this class session we setup all of the Investment and Trading tools using the Think or Swim trading platform.
• Class Introductions
• Overview of our Financial Prosperity (FP) Charting Tools
• Setup FP Multiple Time Frame Investment Charting Tools
• Setup FP Intraday 3 markets in 3 minutes Charting Tools
• Setup FP Intraday Fractal Tick Analysis Charting Tools
• Setup FP Futures & Forex Day Trading Range Chart Tools
• Setup NYSE $TICK Chart along and associated Audio Alerts
• Setup Active Ladder 1, 2 and 3 Lot Money Management Systems for Futures Index Markets
Sessions 2 & 3
Sessions 2 and 3 are all about Technical Analysis (a.k.a Chart reading). The takeaway from these sessions is that because all indicators are derived from price and volume, the best chart readers focus on price action and only use indicators to help understand price patterns.
• Five key Chart Knowledge Bases
. Trends: ( Moving Averages, T-Lines, Channels, Candle Sticks)
. Momentum: (MACD, Stochastic, Relative Strength, TTM Squeeze)
. Cycles: (Elliot Wave, Swing Highs/Lows)
. Support/Resistance: (Swing Pivots levels, Consolidations zones, Supply/Demand, Market Profile, Market Internals, NYSE Ticks, Fibonacci Levels)
. Fractals: (Time, Tick & Range Multiple Frame Correlation)
• ‘The’ Market Price Pattern
• Volume Analysis
• MACD, Stochastic, Keltner & Acceleration Channels, Relative Strength
• Shadow Trader Market Internals
• NYSE Tick Action
• S&P PIT Action & Floor Trader Pivots
• Fibonacci Levels
• Candle Sticks
• Market Profile
• Proprietary Indicators (John Person (PPS), Linda Raschke (LBR), John Carter (TTM))
• Dow Futures (/YM) Day Trading Rules
For those that want to truly understand what it takes to do effective comparative fundamental analysis, this is the class session is for you. The main things that will be learned in this session are how to compare companies in terms of fundamentals and how to determine the fair market value of a company’s stock.
• Fundamental Analysis
. Understanding Financial Reports (Balance Sheet, Income & Cash Flow Statements)
. Using financial ratios to determine company’s outlook. (Liquidity, Activity, Debt & Profitability ratios)
. Stock Fair Value (Discounted Cash Flow Stock Valuation Model)
•Investor’s Business Daily (IBD)
. CANSLIM Investment System
. IBD Chart Patterns
. IBD Money Management Rules
Successful Investing & Trading requires more than simply finding the right company to buy or sell. There are many others ways to put your money to work that will yield larger returns. This session is all about understanding all the various types of markets that are available to retail investors and traders.
• Money Management Rules
. Keeping losses small and letting winner run.
. The Three Lot Trading Strategy
. Portfolio Position Sizing
. Account Risk Management
• Investment/Trading Instruments
. 401K, IRAs & Funds
. Equities, Bonds and Money Markets
. Futures & Forex Markets
. Options Basics (Advanced Option trading strategies covered in Session 10)
Sessions 6 & 7
For most people investing and/or trading is something that is done to supplement their main income. However, for those that are looking to make a living in this field, simply knowing the mechanics is not good enough. Taking trading to the next level and making it a full time profession mandates that it be treated as a business. Sessions 6 and 7 provide you with an understanding of all the requirements and tools necessary to build a successful trading business.
• Trading for a Living
. From newbie to veteran
. The stages of trading
. What type of trader are you?
. The Emotional & Psychological Aspects of Trading
. Characteristics of Successful Traders.
. Effective Investment & Trading Plans
. Rules for Disciplined Trading
. Effective Journaling
Sessions 8 & 9
Just when you thought you learned all you needed to about being a successful trader, here comes sessions 8 & 9 where we explore a variety of other high probability setups. And you may ask why bother? The answer is because knowledge is power and knowing where other traders may be setting up their trades provides you with an edge and yields a better understanding of market movements.
• High Probability Setups
. Bear & Bull Flags
. Reversal Patterns (Divergence & Exhaustion/Capitulation setups)
. Pivot levels
. Double top/bottom
. Head & Shoulders
. Three candle Scalper Rules
. NYSE Tick Fade
. The Bollinger/Keltner Squeeze
. Price Pattern ‘Brick’ plays
. Moving Averages ‘Ping-Pong’ trading
. Closing bell trade
For the final session we do a deep dive into option strategies. Options strategies are market condition dependent and in most cases the right strategy is to be a seller of premium and not a buyer. Much of the information presented in this session has been obtained from our friends at TastyTrade.
• All About Options
. The Terms
. The Greeks
. Probability of Profit
. Implied Volatility
. Duration over Direction
• Option Trading Strategies
. Low Volatility Strategies
. High Volatility Strategies
. Law of Large Numbers (Occurrences)
. Managing Winners & Letting Losers Run
. Spread Types and Usage Rules
• Options on TOS Platform
. TastyTrade Watch List
. Option Hacker
. Risk Profile