Week 1 Welcome to the Professional Trader Incubator
Book your onboarding call to get yourself on the right track from the start
Let's be very clear about our goals
How do we achieve these goals?
Core Philosophy - Mistakes are the fuel for growth!
Core Philosophy - Embrace radical transparency
How to be successful at anything. I am a strong believer in the proven philosophy of Ray Dalio
The importance of routines and habits
Setting Up Charts Using Tradingview
Choose either EURUSD or Mini ES Futures to track for Stage 1
Overview of the system
A student's first day lesson - we will cover this in your call but this might help
2
Week 2 Overview of the Components of the System
R - Understanding how we structure our Risk
Position Sizing for Futures Trading
First principles position sizing for FX trading
Three components of the system
RTV & RTC
RTV & RTC Rules
Skipping decreasing volatility trending moves
Trend following setups
How we enter trades and place stop losses
A problem FX traders face in historically low volatility environments and low volatility times of year
Understanding the limitations of small R value transactions
Selecting your tools
Book a Call
Book a Call
Identify RTV & RTC setups for one day of EURUSD
A student's first day lesson - this might help
3
Week 3 - Basic RTV and RTC Pattern
Understanding theory of RTV
Origin of RTV and how we modified it
Exact Rules of the RTV
RTV Quiz
Exact Rules of the RTC
RTC Quiz
RTV & RTC Test
Week 3 Assignment - Baseline on all RTV & RTC non-high and tight trades touching all 3 bollingers
4
Week 4 - High and Tight
Defining High & Tight
Is it about the size? - Daniel
Is it about the size? -Scott
It's all about the exit
The Open - more latitude
High and Tight in the direction of a clear trend
Becoming high & tight
Common problems and mistakes with high & tight
High and tight example video 1
Off the open example video
Becoming high and tight example 1
Becoming high and tight example 2
Week 4 Assignment - High and Tight mean reversion setups baseline (3 days)
High & Tight Quiz
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Week 5 - Confirming Evidence
Before you start week 5
Overview of confirming evidence
Confirming Evidence Rules
Analysis of setup performance
Easiest situations, touch on 2/5/10, spikes all match
Turning on trending mode.
Examples of skips
Decreasing volatility trend on 5m or 10m
When does trending mode stop?
Week 5 Assignment
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Week 6 - Confirming Evidence
Week 6 Assignment
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Week 7 - Low Volatility Trend Skipping Trades
Rationale behind low volatity trending days
Overview of Decreasing Volatility Trend
Skipping trades more important than taking trend following
Confirming we are in a trend
Nothing to do with other timeframes
Example video - recognise the exact point market becomes low volatility trending
Once we are in a confirmed trend, when does decreasing volatility mode switch on?
Decreasing volatility trending example - switching off and on
Decreasing volatility example video 2
Assignment week 7 - Keep baseline of ALL mean reversion trades with all types of confirming evidence, while skipping low volatility trending counter trend trades
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Week 8 - Low Volatility Trend Skipping Trades
Keep baseline of ALL mean reversion trades with all types of confirming evidence, while skipping low volatility trending counter trend trades
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Week 9 - Trend Following Setups
Introduction to trend following setups
Rules of the setup
Higher bar for taking trend following trades than skipping mean reversion trades
Week 9 Quiz
Week 9 Assignment
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Week 10 - Trend Following Setups
Putting it all together
Putting it all together assignment
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Week 11 - Corner Cases and Getting Close to Perfection
What are corner cases
How to handle a setup against
Off the open latitude
On the line is out principle for backtest & baseline
High & tight repeated
Corner case - With trend direction setup in a decreasing volatility trend
An interesting corner case from the support group
Corner case - effect of FX rounding
Missed Fill on Stoplimit
Corner case Oct 29 EURUSD
Goals of this week
Daily task for this week
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Week 12 - Starting Real Time Execution
Introduction to week 12 (watch first)
Getting ready to put it all together
Picking your times to trade
Should I trade the open?
Keeping a Baseline
Week 12 Assignment - Going Real Time
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Week 13 - Backtesting and Baseline
Using the Spreadsheet
Introduction to Backtesting
Backtesting Process
Backtesting Analysis
Keeping an Accurate Baseline
Keeping Proper Records
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Week 14 - Review With Scott & Daniel
Review with Scott & Daniel
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Week 15 - Backtest Start
Introduction to doing a backtest & keeping a proper baseline - You become a trader at this point
Marking your mistakes & doing your reviews
Identity level change
Backtest Week 1
Baseline Week 1 - Updated Daily
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Week 16 - Backtest Continued
Backtest Week 2
Baseline Week 2 - Updated Daily
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Week 17 - Review of Baseline/Backtest
Review Backtest & Baseline
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Week 18 - Developing a Business Plan
Understanding the process: Creating a business plan, establishing drawdown paramaters, position sizing, etc
Achievable goals
Verify business plan with coordinator
Developing a Business Plan
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Week 19 - Start Trading Live
Start trading live
1 hour a day, 3 days a week
You will make mistakes, essential you do a thoughtful reflection.
Paper Trading Live
Live execution skill
Live Trading Video 1
How to approach live trading
Is this a valid trade?
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Week 20 - Increase Time Gradually to Goal Time
Gradually increase time to goal time
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Week 21 - Assessment and Decision Time
Assessment & decision time --- are we ready for real money?
Reasons to delay going live
Assessment and Decision time possibly wrong
Reasons to delay R increase
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Week 22 - Real Live Trading for Small Money
Real trading for small money
Eliminating mistakes
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Week 23 - Real Live Trading for Small Money
Review with Coordinator
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Week 24 - Increase Time Spent Trading / Baseline Analysis
Review with Coordinator
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Week 25 - Increase Time / Assessment of Baseline and Decision to go Live with Real Money