TRADING ON THE EDGE

COURSE DESCRIPTION

  The training manual will teach you the four basic time frames in which we view the market; Position Holding, Position Trading, Swing Trading and Day Trading. Once you understand the components of these time frames you will begin to practice so that you can demonstrate that you can successfully apply these tools and be consistently profitable. You learn to trade by trading.  Experience is the best teacher. You begin your practice with traditional paper trading. In the back of the manual you will find one month of markets. Each chart has two days on the page; 'yesterday' on the left and 'today' on the right. Two of the twelve edges that we work off of are the previous days high and the previous days low. You will cover today's portion of the chart, and as you slowly reveal the today's chart movement you will see how these edges come into play, as you will with all of the other edges. As you trade this month in traditional paper trading style you will record the number of trades and the number of points you get in each time frame. You will then practice blended versions of the basic time frames and again record the number of trades and the number of points. At the end of these exercises the record of your trading performance will have defined your most efficient approach to the market. It is at this point that you are ready to move to the C/D which is like going to the gym to get buffed up.  The C/D is particularly helpful to those students who do not have on-line trading experience. It will teach those students how to place orders and manage their trades. It's easy to manage your trading platform, but if you've not done it before, the C/D will teach you how. That, however, is not the main purpose of the C/D. The C/D provides you with the ability to get months and months of 'almost real time' trading decision making experience in the shortest time possible. The C/D allows you to gain the experience of the one or two trading decisions that you might make in a trading session without having to sit thru an eight hour trading session. With the aid of the C/D you can cover an eight hour trading session in under 1/2 an hour.  You can fast forward when you are not near a trading decision and you can slow down into real time when making a trading decision.  Once you demonstrate consistent profitability in simulated time we will then move into real time. You will begin by going back about a month or so and trading forward up to the current trading session at which point you will begin spending eight hours a day during market hours watching and trading in a simulated account that we will provide for you. Once you demonstrate consistent profitability in real time you are ready to place your trades in a funded account and that's when you will begin trading real money. When you demonstrate consistent profitability with real money, trading just one contract in one market, you will then move your numbers up and depending on the style of trading you are doing you may move into other markets. Your goal should be to trade multiple contracts and perhaps multiple markets. These materials coupled with your time, effort and energy, following the Study Guide from beginning to end, lesson by lesson, step by step, will help you get there.