Trading for Living - Trade like a Winner !

What Is Trading

• How is trading different from other forms of gambling?
  1. Taking Calculated Risks
  2. Right To Exit
  3. Ability to come back and bounce
  4. Always there

• Life cycle of a trade
  1. How a  successful/unsuccessful trade works
  2. Psychology of a trader
  3. Why traders lose money
  4. Difference between News  and Events

• Basic Ingredients of a successful trade
  1. Entry
  2. Exit
  3. Risk management/Money Management 

• How To Select A Trade

Entry

• Selecting the Right Market/Trend
  1. Momentum/Volatility/Liquidity in an asset class
  2. Price action in previous two swings
  3. Day Trading vs Positional Trade
  4. Bottom Hunting vs Momentum Breakouts
  5. Knowing your style of trading

• Entry Methods
  1. Breakouts – Price Breakout/Oscillator Brekout
  2. Fibonacci- Old Wine in a New Bottle
  3. Pullback vs Trend Change
  4. Introduction to trendline/ channels
  5. Pivot levels/Camarilla Levels

• Essential Before Taking A Trade
  1. Analysis – across all Parameters 
  2. System traders
  3. Making a Trade Sheet 

Exit

• Why Should you exit
  1. Fear or Profit Taking
  2. Triggering of Stop Loss – PANIC Sets in
  3. Trying to catch tops and bottoms
  4. “Re-entry” an important virtue

• Methods of Exit
  1. Specific target
  2. How to place and move stop loss 
  3. SAR - Parabolic
  4. Trendline breakout
  5. Volatility Methods

• Entry can be Same Not Exits

Risk / Money Management 

• Defining Individual Risks
  1. Theory of Risk of Ruin
  2. Risk Based on type of Trade
  3. Risk of Gap up/down

• Methods of Risk Control
  1. Mental Fallacy vs Facts
  2. There is no Holy Grail
  3. Leverage is the key
  4. Risk to reward
  5. Position sizing

• Stop Losses
  1. Money management stop loss vs Technical Stop Loss
  2. Volatility Stop Loss
  3. Various Theories of Money Management

• Maintaining Trade Sheet