Original subtitles

system for you to use as an example to see how you can

of you achieving long-term consistent results. Now, in the

For instance, you know, when you review your journal and you

back and then, what is your plan for actually overcoming

and you need to identify your psychological blockages and

improve the new rules in your plan but you will also probably

that is the work that other traders they just simply are

which you can make simple kind of adjustments and you know

pretty simple risk management rule to just stop trading for

commonalities in your winning trades and in the same of of

you know, going forward, analyzing your trade journal

you can implement new rules into your trade plan to avoid

It's not glamorous. It is pretty boring. I'm not going to

can do more of what is working and less of what isn't. So that

demanding job and two kids maybe it's not that realistic

repeating those same failings. Now don't rush this process.

strategy is that it's based on price action. Now, I've shown

plan to fit that, right? Now, as I said, the beauty of the

few hours then day trading might be for you now you might

Obviously, then, once you achieve your goal and your

and they feel that the sacrifice is worth it but most

you know great WiFi on the beach or by the pool and you

want to travel the world then you should probably on swing

not really that realistic that you're probably going to have

can't so figure that out and be honest with yourself and just

next lesson, I'm going to show you a relatively basic trading

increase the chances of you actually adhering to your

updating and improving your trade plan. And that's how you

strategy rules which in turn then increases the probability

looking on those hard time frames and that will be looking

to split your focus between your job or your business or

realistic is it that you can then trade the London session

minute chart for entries during work? You might need to drop

know a two pip stop and instead build a trading system around

that you perform as a trader, the quicker you will progress.

can define your own you know your own trading personality

results then spiraled and you you took a more losses when

you. Because once you have that, you will massively

and actually create a plan that is individually tailored to

find that you are making the same silly human errors again

finding the why you know why are you making same mistakes

four step process to go through each time you are revising,

more depth later. But for now you just need to understand the

and again so this final step step four it's all about

probably have found technical problems with the strategy

not about trading psychology. We will cover this in a lot

the day if you take two losses for example. Now this lesson is

this happened. So very simply you can implement you know

yourself a massive edge over them and in that previous step

to be honest with yourself now and you'll save yourself a lot

charts? You know, think about what time frame can you

of time and headaches. You'll find quicker success but more

for you right but only you are going to know this but just try

So what are your current time constraints? What commitments

what you're trying to achieve with your training, then you

you're going to drive. What I mean is what is your everyday

look at concentrating on currency pairs that you know

that that result requires. Now, by lifestyle, I don't mean, you

that strategy to suit your lifestyle. Now, we'll talk

long it takes you to do it properly. Get it done. The

your trader plan around the style that actually fits that.

sticking to what you can currently execute, so design

can bring but it's not so common to desire the lifestyle

mental well being intact because some people can do it

every time you lost the first two trades of the day, your

trading in today right but if you like the excitement of

get up early to be on the charts for you know 3 AM how

the M15 or even the four hour for entries that could be a lot

realistic for you right focusing on those hard time

You know, what are the main barriers that are holding you

them? The more reflection, self-review, and contemplation

your results. Because if you spend a week, a month, however

there is a lot of introspection that goes into this process.

not doing so if you do do it you are literally giving

training will be in there. Digging through your journal

more sustainable for you and you'll actually have better

improvements that you can actually make with your

where you have reviewed your trading history you will

lessons will be in there. Some of the biggest lessons and

you can actually take will be what your current lifestyle is.

essentially be trying to look for repeat patterns and

things that you can do to make a quantum leap forward with

pretend it isn't. But it is one of the single most effective

result that you want each day. So start thinking about this

importantly, sustainable and scalable success. Now, by

will play a large, large, large role in this. So, you will

lifestyle changes, then, you can adjust and adapt your trade

know the sand on your laptop or or the sun glare on your screen

your losing trades. So this way, you can work out how you

income with your trading profits. Instead, focus on the

trading or even position trading strategies because it's

kind of look through the data, you might spot that, you know,

to you know the internet or your computer when you're

going to cover this in depth now but kind of a quick point

trader. But you must be realistic and adapt your

your nine to five job to be considered a professional

to you to kind of take that and tailor all of that and tailor

pairs you know the Japanese pairs and specialize in those

business that you own or or you work within of course this is

for people to want the monetary results that successful trading

working then swing training will probably be a lot more

you know about your training goals do not focus on that sort

want to live? Because it's that lifestyle and that process that

sometimes move more during the New York session and even the

pick what is most sustainable and maybe you can you know even

and if you really want to hang out on the beach and you

Asian session so pairs like Aussie dollar and the Japanese

think that day trading sounds sexy but if you have a

facing a new trading day with a clean slate just trading for a

zone do you live in for instance if you live in New

because you will be able to, you know, be at your computer

know, you must find out exactly why you have those blockages

it's not really realistic that's going to affect your

there. And a big part that is going to determine what steps

so that they no longer hold you back and limit your growth and

set to forget management or go to the complete other extreme

explore that day but you dedicate those days you know

that that time solely to trading so when you're thinking

you the blueprint all the tools that you need but now it's down

will not be able to be on the charts and you're probably

through the earlier hours of the night and still perform

frame moves now another major thing to consider is what time

your job during the day and keep your health and your

York and I believe you are in the eastern time zone then the

might make you believe. You don't actually have to quit

is that when you are revising and improving your trade plan,

about journaling a lot more in a future lesson. So, we're not

do you know more of what works and to do less of what isn't

maybe do something that means that you don't even have access

results in a quicker period of time. So maybe you just need to

you know look at a few more pairs if you're going to be

London session starts around 3 AM for you so are you going to

on. Is it realistic that you will be able to monitor the one

you know working better for you. Investidor not realistic

the M 15 risk entries for example. You know maybe using

yet to go through now so this step does not apply to you just

also possible. You know contrary to what Instagram

your ego a little bit. Don't worry about trying to get you

actually enter on? What time frame can manage your trades

course if you are new to trading or you are new to this

clearly define your trading goals so what are you trying to

achieve and why but you must also consider your current

a week for example where on those days you do not travel or

do you have? Do you have dependence? You know do you

can start to plan out the steps that you need to take to get

9 to 5 job? If so, do you have regular access to your training

now. Then once you have a clear idea of what your goal is and

life trading routine going to look like to achieve that

is actually going to get you that result. It's very common

get real with yourself so that you can map out a clear plan of

question. How do we work out exactly where it is that we

know, what house you're going to live in and what car

of end result you know IE you know you want to replace your

screen undisturbed. If you want to trade around your

deep beneath the surface. Well, there are a few steps to this.

main steps to figuring that out and the first step is to very

process and the lifestyle, you know, what lifestyle do you

should spend our time and where we should spend our resources

develop a longer term hands-off strategy where you are setting

holding you back but once you identify those, first, you

actions you need to take to get there and this is the time to

all of the lessons that you can find from here because there

First, you need to get real with exactly who you are and

working for you and then once you do this you will pretty

and maybe you just want to day trade you know one or two days

actively trading the same way a full time trader can be. Now

have young kids or maybe you care for someone? Do you have a

it's very similar for if you are someone who wishes to

strategy to work around your job or business. You know you

travel and trade you know you will most likely want to either

hands on, you know, maybe on the interday time frames

become a full-time trader, then, it will most likely make

inefficient and you could waste a lot of money you know

trades so that you can implement rules to help you to

the oil is below how do we know where to start drilling down to

out you know through process of elimination where that oil is

psychological blockages that you may have that are actually

so you know you will study a trade journal to try and

the surface because one way to drill would be to just start

and then, you can implement steps to help you overcome them

likely find that you're going to identify some some

the real gold lies so when we're up on the surface we can

and where the gold lies that's going to be quite you know time

sense to develop a strategy that's quite active, maybe

particular style of trading unless we dig deep down into it

history and your journey so far you're really looking under the

yet but these steps the next two steps that we're going to

are refining and improving your already established trade plan

You need to be faithful to it for it to give back to you. Cuz

unlikely that we're going to really reap the benefits of a

just because we can do something, doesn't mean that we

risk entries on the longer term time frames with kind of that

some time getting very clear and honest with yourself on

current job or maybe even running you know another

strategy then you will not have a relevant trading journal just

should do it. So if we know that if we spread ourselves too

and specialize. So we know that below the surface that is where

hood at everything the good the bad the failures and pull out

drilling down into all the wrong areas right so begs the

kept cheating on your spouse? A trading strategy is the same.

longer-term trader, there's going to be many times where

how good a marriage do you think you would have if you

commitments and then it's time to dig deep into your trading

both traders can be successful. However, if you are a

lifestyle so what are your current time constraints and

the oil is that is where the treasure is and that is where

we can then move forward and determine precisely what

what you are trying to achieve and why because if you want to

identify the patterns and commonalities within your past

now, you will be able to rise to that next level. So, spend

you know randomly drilling all over the place and just finding

you are running in a decent amount of profit but only to

see all these different ways of trading how do we know where

you. Because you specialize in and operate in a particular

give it all back in the pursuit of trying to capture a much

jack of all trades and a master of none. So don't spread

individual sport I can teach you the theory and I can show

clearly defining your strategy and your goals. As a result you

larger move but the key is to just focus on a particular

commitment that you would make in a relationship. You know,

will then become much easier to stick to a plan and to attain

will be many if you spend the time to look hard enough now of

sacrifice with your own specialty and it takes the same

look at number three and numberfour therefore when you

zone of an instrument's price movement but someone else, they

something to get you thinking about now in the next lesson I

processes and your results will become more predictable,

success and then entire you will be rewarded for your

potentially all be laid out for you now training is an

deep on that and specialise. Because that's where your

it go on for another 300 pips that is of no real concern to

won't stay with your approach through the thick and thin. If

yourself too thin at the surface level because to truly

where it is that you want to go because once we identify this,

you can use as an example to kind of see how this could

in is where that compounding momentum will take off. So go

all, you will most likely end up being, you know, a mediocre

action and move forward unimpeded. So, there are four

thin up here, you know, on the top surface level, it's very

drilling down into to find that oil to find the goal that looks

that you're not going to be good at scalping, day trading,

the others. Identifying you should focus on and specialize

their own interpretations based on the theories and the

concepts provided and trade what they believe to be right.

you are a short term day trader you must recognize that exiting

a trade you know for a quick 50 pit profit only then to watch

scalable, and sustainable. Style drift comes from not

That is going to require you to build, develop, and evolve your

flowchart diagram alongside that but of course you know

that short simplified trade plan that is you will be

define how you will enter the market, how you will then exit

reap the benefits of one strategy, you have to sacrifice

and you get more experience and you kind of really refine your

there'll be a lot of words and a lot of explanation and that's

style and then once you define your style and your objectives

simple or or as complex as you need to but just get something

might operate in a totally different area of the curve but

so of course this is not an exhaustive list but just

and noone else it's just you who going to be pressing buy

something you can then go and test and then once you're

So the very first time you create this you make it as

and sell. No one's going to do that for you. You are here to

down for all three of these sections because you just need

and you know if you trade multiple pairs you may have

contents of your plan but I will recommend that you have

want to list the specific trading hours that you will

here but you can even go you know in in a lot of detail kind

will show you kind of a a beginner's training system that

trade within list the pair or pairs that you actually trade

swing trading, and position trading. If you try to do them

course, it will still be heavily based on the core

testing it then you can you can start that process of

become an independent and consistently profitable trader.

don't try and kind of perfect it straight away because it's

be quite complex you know when you run of your process and

you how I trade but ultimately the responsibility falls on you

fine because that can you know really really help you at the

screenshots of actual trade examples from your plan you may

pretty much going to be impossible just make sure you

slightly different rules for each pair and have a list of it

complexity. So what I'm trying to say here is that your first

refinement but you just need the starting point so you know

something that makes most sense to you, that suits your trading

There's a million ways to make money in the markets. Odds are

get going now there are of course other sections that you

can add such as you know diagrams of your entry model

trading plan into something that is unique to you. Now, of

It's not rigid with very hard and fast rules. People make

current lifestyle and your current routines. Your trading

Now there are a lot of things that you can include in the

psychology and that you can actually execute with your

concepts but you then need to take those and mold it into

of your risk management and and your risk limit rules as well

perfectly. So the lesson here for us is that elegance and

these three components as the bare minimum. So as long as you

risk on those positions then you are pretty much good to go.

looking at before and during every single trading session.

start but eventually you will find kind of as you go along

a fair bit older than him and he had been the game for a very

ingredients that impressed him everything was simple but

star restaurant and at the time it was regarded as one of the

style you will boil it down to just a few key sentences on one

then also your full enter end process laid out as a separate

first you need the deep understanding and that deep

recipe that he now has but to get to that level of simplicity

complexity like gave him the knowledge that was required in

career they had a bit of a tendency to make their dishes

consistency that actually comes from simplicity that simple

order to now be able to execute the simplicity of his dishes

few initial versions of your tray pads they might actually

to more rewards. Right? But then this he went to a Michelin

extremely complex. Because you know understandably they

So I knew someone who was a chef and quite early in their

page so you should end up with one very simple trade plan and

the end because once you get there you can move mountains.

your positions out of the market and how much you will

understanding that actually comes from the initial

literally perfect so after his meal junior chef went and spoke

exact same process as him when he was younger as well when he

this really high complex meals but the Michelin star chef he

head chef told him that he'd also gone through kind of that

with the Michelin star head chef of the restaurant and the

found himself over complicating everything and trying to make

said that he was thankful that you know he'd gone through that

thought that was how things worked. More stuff on a plate

journey because the complexity of his approach initially that

complex. You have to work really hard to get your

nothing more and the simplicity blew the junior chef away but

very long time and this Michelin style chef he only

and those key words those keywords of of kind of your

best in Europe and the head chef at this restaurant he was

thinking clean to make it simple. But it's worth it in

must equal more skill and therefore surely that must lead

detail and the complexity of your process that you now

thinking about it you will get to that point with your

was starting out in his career where he initially he kind of

more than that it was the level of execution of those

ever put just three things on the plate just three things

that you you look at before and during each training session

training plan you can boil it down to just a few key words

your simplified training plan that will encompass all of the

subconsciously understand. Simple can be harder than

competence remember that's when you are unconsciously competent

will all click and it will all become extremely simple and

where you can drive your car home you know without even

training but then you can literally boil your your your

second nature to whereby you achieve that full stage of

your experience with the strategy it's still in its very

the hard work it's literally only a matter of time before it

but if you follow the steps as laid out in this course if you

there is quite a lot of moving parts of the strategy and it

in general so create a training plan it can seem like quite a

to end process of a strategy with an event and a yes no

definitely can be pretty overwhelming when you're first

data until you get it to a stage that you're happy with

been going through the technical analysis lessons

normal and okay so you know don't worry stress about that

daunting task because your level of understanding and and

early and premature stages and don't worry that's absolutely

continue to study the content and if you continue to put in

as you've probably experienced and been thinking as you've

format so a robot could almost literally executed for you now

you of course can keep refining your plan based on your testing

learning this style especially if you are brand new to trading

you know and then you can start to trade it live once you've

don't have to start trading it live or on demo straight away

have a full flow chart diagram that describes the complete end

you don't know what you're doing so you're a goal is to

now if you can't describe what you are doing as a process then

we're going to go on together throughout the next few modules

got it to that point so that's pretty much the journey that

a revised version of your plan and once you've tested it you

with it now obviously when you create a new plan or even just

then create your next version of your plan and repeat the

actually improve your edge even more and then finally you will

you know how it actually plays out in the market you can then

it in the live market and see how you get on then as you gain

you've tested it and you've collected data to prove that it

literally a living and breathing document which you

will always be evolving as both yourself and the market evolves

based on that hardcore data that you have collected to

more experience you gain more data on how your trading plan

your trading career your trading plan is you know it's

entire process and this process will continue for the rest of

refine your plan make improvements and evolve it

does have a profitable edge you can now begin to start to trade

disaster and any data that you might be collecting it's

everything will build from there so once you have that

we will cover in depth in the next module and then once

of rough first draft of your plan written down and then

strategy because that's just going to be a recipe for

because you know the the data is not a part of a defined

first draft you will then begin the testing phase which is what

actually be able to test that plan you can't just start

firing into any old trade that maybe you think resembles the

you need that plan written down you know first in order to

strategy so the first step is just a get your very very kind

going to be pretty much irrelevant at that point

actually start that process of of testing and trading you

actually test your plan to trade it and to figure out

exactly how you want to trade the strategy but before you can

trading plan and this will initially be a very rough and

you are first going to create your own individually tailored

obviously need a plan as a starting point right because

basic plan because you have not yet had the opportunity to

dashboard. Just to make sure it is somewhere that you can

forefront of your mind because this literally will be your

single trading session so that it is constantly at the

trading bible now over the course of the next few modules

easily access it especially all times when you are trading

because you will be reading this before and during every

computer or at the very minimum have it on your notion

written down pretty much, right? Now, you will have this

with your entry exit and risk management rules. So in simpler

words, your trading plan is just your trading strategy

plan either printed out on your desk or on the wall beside your

A trading plan pretty much does what it says in the tin right.

systematic approach to trading your defined edge in the market

It's essentially just a document that describes your

begin to structure your own trading plan.