The Empress Trader Day Trading Academy Curriculum for Success 5 Week Trading Course

Transcription

1 Day Trading Academy Curriculum for Success 5 Week Trading Course Week 1 The mindset of a master trader/free your mind Self-discovery How we re wired culturally for money Your personality determines your trading style & market you trade Perceptions dictate how you trade You become what you believe Resetting your mind for success Letting go of biases about the stock market Discipline Who controls the market? Perceptions & beliefs move the market? How to make money in an up/down or sideways market. Assignment

2 Week 2 Setting up a basic chart on the NinjaTrader platform Candlesticks Open/high/low/close Price indicators Market hours Creating your chart template Saving your workspace Market terminology Price action Technical, fundamental, trend analysis Moving averages What is the stock market? Futures vs. stocks Why is it so special? Trends in the market Navigating your chart platform Supply and demand areas Open, high, low, close ATO=at the open Ticks Points Trade for skill, not for profit Market hours Record keeping Margins/margin call Commissions & fees (roundturn fees)

3 Tools to trade with Drawing trend lines Indicators Momentum in the market (MACD=moving average convergence divergence) Profit targets/entry strategies Exit strategies/protective stops Market sectors Energies Metals Indices Currencies Exchanges NYMEX (New York Mercantile Exchange) GLOBEX CME (Chicago Mercantile Exchange) Executing Trades Practicing Simulation Market replay Assignment

4 Week 3 Money Management Position Sizing Percentage of your equity Volatility position sizing Setting your personal and investment objectives Types of traders/what type of trader will you be? Swing trader/day trader Market sectors you will be trading Executing trades The DOM = depth of market for trade orders Trading from the chart Retail and wholesale Candlestick formations that indicate reversals in the market Support and resistance levels Retracements = turn arounds in the market What/who is a market maker? Where are the institutions trading? Historical data Testing your system What s happening in the market? Forex Calendar Bloomberg Calendar Alignment Moving averages Candlesticks Multiple time frame charts

5 Identifying the tone of the market CS formations on the larger time frames/price action 50-day/100-day/200-day moving averages: how to trade them Setting up your workspace for multiple time frames Indicators=momentum Volume-directional ADX Linear Sto (Stochastics) RSI (Relative Strength Index) Bullish/bearish continuation/retracement patterns Pivot points= turning points in the market Daily Weekly Begin gathering information for your live account Setting up your live account Assignment

6 Week 4 Chart patterns Price patterns Trust your instincts Hesitation will lose you money Profits/losses/drawdowns Learning additional features on your NT platform Developing your unique plan and strategy Know why you are taking the trade What to do when the trade goes against you Students executing trades Students teach class Students identify trends in market Assignment

7 Week 5 Bullish candlestick formations Bearish candlestick formations Trading from the chart Buy/sell stop orders Limit orders Bid/offer Market gaps Using the Fibonacci tool Trend channel lines Ruler to determine tick distance Student trading Demonstrate chart set up Market replay Identify candlestick formation and definition What is your plan? Trading multiple accounts Scaling out Adding contracts Trailing stops Resources

8 Summary of steps to your success Step 1: Have a trading system that fits you. Step 2: Discipline and patience Step 3: Take total responsibility for your results Step 4: Expand your strengths Step 5: How will you respond when your trading does not go in your favor? Step 6: Check in with your mental self Step 7: At the end of your daily trading day, do a debriefing.