Professional Documents
Culture Documents
I am confident that all of you will be able to fully gras and understand how to become a
profitable trader after this course is over!
Scalping
Scalping is all about making very quick trades. The goal is to make constant profits on
the lower timeframes.
Day Trading
It is like scalping, but instead of making trades over the course of minutes, you typically
make them over the course of the day.
Intraday Trading
This is day trading, but a style of day trading that allows for holding positions over more
than one day to hit your desired targets.
Swing Trading
Swing trading is all about finding support and trading to the next resistance level, or
more generally picking an entry and a target and holding the position until your target is
hit or other exit conditions are met.
Position Trading
Position trading is like a zoomed out version of swing trading or like the trading version
of investing. Here you’ll try to build/take a long position low or short position high and
then stick with that position for weeks, months, or even years.
If you try to get rich quick, you will go broke quick! Even if you start out winning, it’s only
a matter of time until you lose everything. The markets will humble you. Take your time,
study hard and practice good risk management!
If you have a small account, it will take you some time before you are able to trade full
time! Focus on honing your skills and gaining experience. Remember, preservation of
capital should be you #1 priority. The gains will come naturally if you focus on
preservation of capital!
You Must Create a Strategy!
Once you create your strategy, you must stick to it, and not only stick to it, but execute
without any emotion. You need to be a robot. Emotions will only get in the way of your
success.
Japanese CandleSticks
Identifying Trends
● Up Trends
● Down Trends
● Sideways Market