Markets, price, trends, volume, timeframes, charts, and indicators. Money management and trade management are central concepts to this methodology, and are explained fully. Through good money management and trade management, the trader can have excellent results without a high percentage of winning trades. There is a special emphasis on futures markets (currencies and indices), but clients are encouraged to trade any markets they prefer, with any indicators and timeframes they prefer, as long as they have a specific plan and can evaluate the results. Day 1 ends with a homework assignment:
Study the setups distributed as you will have an in-depth exam on Day 2 and 3.
Day 2 begins with an eye opening electronic exam. This is where students have to implement everything from the lecture and trade setups. And it is an eye opener for all attendees! Most attendees think they understand but by taking the exam, they learn very quickly that although they "heard" the lecture, they did not think about how to implement everything that was taught in the lecture. In other words, they did not understand how to implement all the knowledge they had received on Day 1. Again, I walks through each and every setup explaining the implementation of the techniques I teach. I trade along with the students to ensure that they understand.
Day 3 begins again by taking the quizzes. Students are now understanding how to implement the knowledge they have gained. They understand their indicators and know when to bank profits early, when to stay with their trades, and when to exit early. And, by the end of day 3, at least 90% of everyone in the class is positive in their trading.
Each client brings a laptop and trades on a simulator, and is coached individually throughout the trading session. The client must log each trade, comment on each trade, and evaluate the daily results. Here is where each trader’s issues are identified. With the help of the THD staff, each trader can understand the issues that might have prevented his progress. The issues might be technical: understanding the basic concept price, volume, indicator or a characteristic of a particular market. Or the issues might be personal: trading too much or too little, not keeping your stops, trading too heavily to try to make up for a loss, constantly changing trading criteria, or any of the many issues of trading psychology experienced by traders that make them ignore their Trading Plan. Whatever the issues, they will be identified and addressed in two days of active trading. For many, the results of this have been a dramatic change in the client’s trading ability and results.
And, when you leave? we are still available to help you via online trading room or email to overcome issues. And, once a week we hold a refresher course via the internet to answer questions and review what you learned in class.