Genre: eLearning | Language: English + srt | Duration: 60 lectures (5h 4m) | Size: 2.18 GB
Reduce risk day trading or swing trading futures and gain unlimited confidence using price action
same course with:
Humberto Malaspina – Day Trading & Swing Trading Futures with Price Action
What you’ll learn:
How to acquire the skills to achieve higher levels of trading mastery.
How to improve your Risk and Money Management Plan.
How to upgrade your trading methodology to read correctly price action.
How to make high probability trades with minimum risk at any time frame.
Requirements
Students should know about Microsoft Excel, Law of Supply and Demand and Candlestick Charting.
Description
DAY TRADING OR SWING TRADING THE FINANCIAL MARKETS
A trading plan applicable to futures, stocks, forex, or any financial instrument.
I have designed this course with the best intention of helping people who want to get involved in the world of trading, but first of all, I need you to understand and accept a survival rule in this business: “NO ONE KNOWS WHAT WILL HAPPEN IN THE MARKET, PEOPLE ONLY HAVE SLIGHT IDEAS “. Markets are driven by trends and psychology in the short-term. The truth is no one knows how far the market will go up or down. No trader has ever had complete clarity about the path markets will take over the short-to-intermediate-term. There are far too many variables at play to know what will happen with anything approaching certainty when it comes to market psychology. This is extremely important that you internalize it so that you can positively advance in the process of making profits playing in the financial markets. I hope you accept and agree with that. Let´s move forward.
In this course, I am going to talk about day trading in a short time frame and I am also going to compare it with swing trading in a longer time frame. All this with the intention that you can compare them and understand the key details of trading on these time frames.
Trading the market has a story. There are two emotions at play when trading the markets; “FEAR and GREED”. Fear and greed are emotions that powerfully influence a trader’s mind. But especially fear is a feeling that becomes an impenetrable barrier for many people who have been bitten by the markets. They do not understand that it is impossible not to be bitten in the world of trading, what you have to do is be vaccinated against those bites. Once this is understood, an infinite window of opportunity opens in the financial markets. I this course I will help you to understand and control this fact.
There are differences between Day Trading and Swing Trading, which are very important to know and can make the difference between living or dying as a trader. Day trading means competing in a world of nanoseconds with supercomputers located near the exchange houses which for a human being is very difficult. High-frequency trading nowadays generates an amount of noise in intraday data that is complex to handle and only very astute traders can compete at this level. Swing trading is a better option and perhaps it is the most appropriate definitive solution for many, but still, there are some who prefer the intraday super speed. Anyway, in this course, I present a solution that could help you solve the problems and dilemmas of trading at both time frames.
First of all, here are five (5) key questions for you:
1.-What is motivating you to get on this course?
2.-What do you want to accomplish with this course?
3.-Where are you today with your trading and where do you want to be?
4.-What is your biggest problem right now with your trading?
5.-What happens if the following information answers all your questions regarding your concerns today?
Now, please read this:
Before you even think about buying this course, I need you to deem deeply about what I am going to explain next.
Long-term investing as Mr. Warren Buffet does is a whole different story than what I teach in this course. This course is not about value-based investing or fundamental analysis.
I suggest to get an education first and then start with swing trading the markets which have better odds than day trading. Once you have mastered swing trading and if you are still interested in quick daily profits, you can try day trading to test those waters with the knowledge you have acquired swing trading. This is the best advice I can give you from the bottom of my soul if you have a passion for trading in the financial markets.
One of my goals is to help people survive the learning curve. I suggest you practice with paper money first (demo account), once you have tested your method and it is proven to have a positive expectancy then you can play with real money in a live account.
Now, if you have been trading and constantly have these thoughts inside your mind like …
I am losing money trading
I make many bad trades
I take profits too soon
I do not know how to maximize my winning trades.
I let my losers too much time running
I am afraid to pull the trigger
I lose a lot of money in each losing trade
I do not know where to put my stop loss
I enter the market and immediately it goes against my position
The market hit my stop loss all the time
I do not understand price action
I do not know what time frame to use
I do not know how to detect a valid trend
I do not have a winner trading strategy
My technical indicators do not work
… then please continue reading.
This course is about how to trade (any time frame). When we talk about trading, (“no long-term investment”), we are assuming that we are going to buy or sell a financial instrument which we will have in our possession for a short-term (minutes or hours) or medium-term (days or weeks) and then we will close that position depending on the current market condition which favors us or not.
The trading method that is explained in this course can be applied to any financial instrument and to any time frame but as I said before if you do not have any experience stay away from day trading. In this course, I talk about day trading but my method can be applied to swing trading as well. We are looking for a fractal phenomenon which can be spotted in any time frame. Here I use intraday tick data but for the sake of the general public, I have designed my methodology document using a time frame for swing trading. Once you have acquired experience in swing trading you can adapt this method for day trading if that is what you really like.
Having said that, I need you to understand that it is practically impossible to forecast market behavior. No one knows what will happen in the next few minutes, days, or weeks. The first thing we must assume to be successful in trading the financial markets is that we do not know what will happen after we take a position, and what we do is a mere bet based on price action analysis. That is crucial that you understand and accept it as the greatest truth about trading.
I will teach you what I do, a very simple trading strategy, explained step by step, which can have thousands of variants depending on the financial instrument being played, its volatility, and the time frame of the analysis that you use to play it. This course lays the foundations for a trading strategy with a positive expectancy so that you can use it as it is, or make the modifications that you want depending on your psychological or risk profile. There is no strict rule for trading. I am always evolving and getting better so my strategy changes over time with some small adjustments but the core principle is always the same.
Before continuing please record this in your memory: Our trading method must be as flexible as possible in order to adapt to any current market conditions. If we do not have a flexible strategy we are doomed to failure.
Now that we are clear on this point please continue reading.
For trading the markets you need an edge, you must have a trading method with positive expectancy, this is crucial. This method must be consistent with your own personality and comfort level. The approach you use must make you feel comfortable. In this course, I am giving you the tools to find your edge to succeed.
All human emotions play a huge role in the final outcome of this business endeavor. Greed and fear are powerful enemies not easy to control when there is real money involved. News, colleague’s comments, TV experts, and even family members can supply additional doses of adrenaline that can make you take wrong trading decisions. After a series of bad trades and some money lost you become ill, and this illness is called “Fear of Losing”, what happens next? you are afraid of pulling the trigger to make a new trade again.
How to avoid all those emotions to trade successfully by yourself? It is very hard to detach a human being from emotions when trading with real money. What you can do is to control or minimize those emotions. The answer to this dilemma is to learn how to control “RISK”.
Once you learn how to manage risk you will enter a state of mind that will control emotions and will let you take trading decisions with the best odds of becoming profitable. After a while, you learn that losing is part of the game and when losses are in control then “fear” of losing disappears from your mind and you will begin to trade successfully.
This course is set for students that want to have a valid edge and to learn how to control risk to build a sustainable trading business.
Students will get step by step instructions for optimizing their skills to take high probability trades reducing risk using any time frame (Day Trading or Swing Trading).
With this course, you will solve any problems you have with your trading method, you will set your mind to listen to the market and to act only after the market tells you what to do.
In this course you will learn:
How to acquire the mindset to achieve higher levels of mastery trading futures or any other financial instrument.
How to improve your Risk and Money Management Plan.
How to upgrade your trading methodology to read correctly price action for identifying the strongest trend in place.
How to apply the right skills and tools to increase the probabilities of making winning trades while reducing risk.
How to integrate risk control, money management and price action to have a successful trading business.
This course foundation is based on endless hours of studying price charts and money management. Risk reduction is the cornerstone of trading the financial markets, if you focus your trading plan on caring for minimizing risk, then profits will take care of themselves. During this course, you will make an in-depth analysis of implementing risk reduction into your trading plan, which is the highway to becoming a profitable trader.
This course will be updated as any new improvements are made to my trading methodology and you will be able to download it at any time.
If you want to stand a chance for survival in these trading waters full of sharks then I command you to buy this course. It will give you the tools you need to develop your personal trading method with a positive expectancy to make money trading any financial instrument using any time frame you see fit.
I hope this little introduction will help you and I want you to know that my main objective is to help people to solve their problems regarding their trading method and to motivate them to be successful for the rest of their careers in this demanding and competitive business. Remember, you have to work hard, you are not going to get rich overnight trading. It takes time, effort, dedication, perseverance, and determination to be successful in trading and in anything in life.
TAKE ACTION. Remember, a lot of knowledge is worth nothing if no action is taken. Only by taking action, you will transform knowledge into wisdom thanks to the small steps you took. Only then you will see a change.
RISK DISCLOSURE
All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved, and if necessary seek independent advice.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures, and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them to invest in the options, futures, and stock markets. Don’t trade with money you can’t afford to lose.
NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange or Futures market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) or Futures trading, you should carefully consider your investment objectives, level of experience, and risk appetite. Do not invest money you cannot afford to lose.
All information on this site is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This information is neither a solicitation nor an offer to Buy/Sell options, futures or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed in this course. The past performance of any trading system or methodology is not necessarily indicative of future results. Get the advice of a competent financial advisor before investing your money in any financial instrument.
Terms of Use: Your use of this information indicates your acceptance of these disclaimers. Also, you agree to hold harmless the publisher and instructors personally and collectively for any losses of capital, if any, that may result from the use of the information. In other words, you must make your own decisions, be responsible for your own decisions, and trade at your own risk.
Who this course is for
This course is for anyone interested in improving his (her) trading plan for reducing risk.
It should be taken by traders looking to expand their knowledge about trend detection, risk analysis and money management.
Any student looking for reaching better levels of profitability.
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