Your Emotions can be an asset or a liability to your trading; I think we all agree on that.
Out of ALL the things we worry about in the trade room each day, the most important is within ourselves! Our emotions a deadly to our trading if we can’t keep them under control.
Created in 2003, the Discipline Cycle is the by-product of Joseph James’ attempts to find an easy way to change the emotional impact on his trading.
Every trader goes through an evolution of learning and growing as a trader, and this Discipline Cycle defines that EVOLUTIONARY PROCESS that all traders must go through to achieve long term and consistent success as a day trader.
In this first video of this 5-part series you will…
Listen Joseph’s story of HOW and WHY he created the Discipline Cycle
Learn what the Discipline Cycle is and how it works
Be introduced to the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well.
Oh….wait!!!!!!
If you’re thinking to yourself right now….why do I need Discipline?
YOU are the trader this video series is designed for!
Watch this series…your PnL statement will THANK YOU!
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
November 18, 2009
Why Are We Better Than The Rest?
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How To Make The Most Out Of The School Of Trade
First of all, let me start off by saying, thank you for putting your confidence in the School of Trade! As your personal day trading teacher, there are numerous ways to benefit from your membership with the School of Trade, whether you’re a part of our beginners course or an advanced member. Before doing anything else, here are some simple steps to get started with the School of trade today!
First, make sure you visit our HomePage and join our newsletter for daily trading updates (bottom right hand corner of website) as well as register for a free trial, by simply clicking on the Free Trial link at the top of our homepage!
To start, let’s cover the vast range of benefits you will gain access to as a Free Trial Member.
The best part of the 3-Week free trial of the School of Trade is that there is absolutely NO credit card needed and no obligation to purchase after your free trial is finished! With each day of your 3-week trial, you are welcome to join our live trading room at any time throughout the trading session and encouraged to ask the educators any questions you might have. Once in the live trade room, also make sure to stay with us after the trading day is concluded to watch the recap of the day’s trades as well as a Q&A section open for all members and free trial members.
All you need to do is join our news letter! Go to our Homepage,and fill out the information at the bottom right hand corner of the page, you can also send an e-mail to us at Sales@schooloftrade.com
Once you have signed-up for your free trial, you’re now ready to come join the School of Trade team each morning from 7:30am EST – 12:30pm EST each and every day the market is open. And remember, when you’re in the trade room, feel free to ask as many questions as you can think of! Because that is what our educators are there for, to help you better understand not only the markets we trade, but to also understand the trade set-ups we use. Also, at the end of each trading day there will be a Q&A section for all viewers to ask any unanswered questions they might have. If you’re going to join us in the live trade room, it is suggested, but not mandatory, to pick up a copy of the School Of Trade’s Beginners Course
which has helped many of our now lifetime members learn the trade set-ups even faster!
You can buy the Beginner’s Course today for only $39.99!!
If, after your 3-week free trail you feel that you are ready to try and start trading on your own, with a real money account, then it is time to become a School of Trade lifetime member! Yes, that’s right, with the purchase of our advanced course; you will gain access to all of our educational trading advice for life, and with no monthly payments, just a flat onetime fee! To do this, simply click on our Advanced Course link at the top of our homepage and you’ll be on your way to becoming a lifetime member of the growing School of Trade team! (Also gives you access to all 3 courses!) With a Lifetime Membership you gain access to all the School of Trade has to offer, from educational information to new and improved proprietary indictors. You will also gain access to the following:
Lifetime access to our live trade room.
Unlimited 1-on-1 time with our head traders and educators.
Specific trading plans for every market and trading type.
Charting templates to ensure your charts and indicators are set-up perfectly like our head trader has them.
Detailed trading videos to show every element to the School of Trade’s set-ups.
Order execution instructions, how to enter, manage and exit every single trade.
Report progress on our Support Forum & Help new traders when they have questions
Trade account management.
FREE Charting Software ($100/mo SAVINGS)
FREE Execution Software ($50/mo SAVINGS)
FREE James Wave Indicators ($999 SAVINGS)
FREE Market Data ($250/mo SAVINGS)
Once again, we would like to thank you for your interest in the School Of Trade, and wish you the best of luck in your trading future!
Also, for members and non-members alike, don’t forget to check out our YouTube Channel. While you are there subscribe to our latest video lessons, daily market commentary, and trade figures updated each day.
November 17, 2009
Secrets For Success
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Trade Management For Different Traders …
In today’s video (5 of 5) we discuss how each trader is different.
Before we move forward, let’s recall where we left off in the first 4 videos of this 5-part series…
The Differences Between Mechanical And Discretionary Trade Management
And the 5th & Final Video of this Series on Trade Management is….
Trade Management for Different Traders
Every trader is different…
Scalpers, Intra-Day Traders, Swing & Position Traders
Those different types of traders have different goals for their trading and they have different account sizes as well.
You cannot expect consistently positive results if you apply the WRONG style to the WRONG trader.
The easiest way to identify the trade management style that is right for YOU and you’re trading goals and resources, you need to identify WHO you are and the resources you have available.
In today’s video we discuss the importance of a ‘CUSTOM TRADE PLAN’ that will take everything into consideration such as who you are as a trader, the type of trading you do, and the resources you have available.
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
November 12, 2009
Secrets For Success
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Managing The Trade…
In today’s video (4 of 5) we discuss the differences between a mechanical and discretionary trade management style.
Before we go into details…lets recall where we left off…
Video #1: 3 Phases of the ‘MOVE’
Noise, Follow-Thru, Exhaustion
Video #2: The Emotions behind Trade Management
More Targets, Fewer Stops = long term profits
Video #3: Basics of our Management Method
Quick targets, eliminate risk, position to capitalize on the big moves of the day
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
November 10, 2009
Secrets For Success
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Managing The Trade…
Let’s recap where we left off so far…
In our last series we learned about the 3 Steps to Trading Success
Identify Important S/R Levels & Look for Patterns
Use our Entry Rules to Identify the patterns with the highest probability of success
Look for our technical indicators to Confirm the move and give us confidence to enter the trade
In the next video series we’re going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of.
Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well.
In this video series you will learn:
The 3 main phases of the ‘move’ in the market, and how understanding these will show immediate benefit to the trader’s Profit & Loss Statement.
The Emotions behind Trade Management & how to Conquer Fear & Greed
The simple & effective method we use to manage our trades across different markets such as Commodities, E-Mini’s and Currencies
2 Different Types of Management: Discretionary & Mechanical
Adjusting Trade Management for Different Types of Traders, Timeframes, and objectives
Let’s get started with our first topic….
3 Main Phases of the ‘Move’
Before you learn how to manage the trade, you need to know how and why the markets are ‘moving’ in the first place, as well as the different phases each move goes through as it develops.
Each market has its own unique personality, but within that personality are the basic ‘building blocks’ of each move, which are…
Initial Interest (or) ‘Noise’
Follow-Thru
Exhaustion
With the knowledge of these ‘3 Phases of the Move’ you can now begin to plan your trade management to capitalize on these phases with the proper placement of stops & profit targets.
Keep an eye out for the next video in this series…
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
Use our Entry Rules to Identify the patterns with the highest probability of success
Look for our technical indicators to Confirm the move and give us confidence to enter the trade
In the next video series we’re going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of.
Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well.
In this video series you will learn:
The 3 main phases of the ‘move’ in the market, and how understanding these will show immediate benefit to the trader’s Profit & Loss Statement.
The Emotions behind Trade Management & how to Conquer Fear & Greed
The simple & effective method we use to manage our trades across different markets such as Commodities, E-Mini’s and Currencies
2 Different Types of Management: Discretionary & Mechanical
Adjusting Trade Management for Different Types of Traders, Timeframes, and objectives
Let’s get started with our first topic….
3 Main Phases of the ‘Move’
Before you learn how to manage the trade, you need to know how and why the markets are ‘moving’ in the first place, as well as the different phases each move goes through as it develops.
Each market has its own unique personality, but within that personality are the basic ‘building blocks’ of each move, which are…
Initial Interest (or) ‘Noise’
Follow-Thru
Exhaustion
With the knowledge of these ‘3 Phases of the Move’ you can now begin to plan your trade management to capitalize on these phases with the proper placement of stops & profit targets.
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
November 04, 2009
Secrets For Success
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Managing The Trade…
Video Series #3: Managing the Trade
Let’s recap where we left off so far…
In our last series we learned about the 3 Steps to Trading Success
Identify Important S/R Levels & Look for Patterns
Use our Entry Rules to Identify the patterns with the highest probability of success
Look for our technical indicators to Confirm the move and give us confidence to enter the trade
In the next video series we’re going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of.
Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well.
In this video series you will learn:
The 3 main phases of the ‘move’ in the market, and how understanding these will show immediate benefit to the trader’s Profit & Loss Statement.
The Emotions behind Trade Management & how to Conquer Fear & Greed
The simple & effective method we use to manage our trades across different markets such as Commodities, E-Mini’s and Currencies
2 Different Types of Management: Discretionary & Mechanical
Adjusting Trade Management for Different Types of Traders, Timeframes, and objectives
Let’s get started with our first topic….
3 Main Phases of the ‘Move’
Before you learn how to manage the trade, you need to know how and why the markets are ‘moving’ in the first place, as well as the different phases each move goes through as it develops.
Each market has its own unique personality, but within that personality are the basic ‘building blocks’ of each move, which are…
Initial Interest (or) ‘Noise’
Follow-Thru
Exhaustion
With the knowledge of these ‘3 Phases of the Move’ you can now begin to plan your trade management to capitalize on these phases with the proper placement of stops & profit targets.
Keep an eye out for the next video in this series…
…The Emotions behind Trade Management & how to Conquer Fear & Greed
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
November 02, 2009
Secrets For Success
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Look For Confirmation Of The Move…
Step #3: Look for Confirmation of the Move
Before we wrap up the 3 Steps to our Trading Success, Lets recall for a moment, our first 2 steps…
Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade.
Step #2 we use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities.
Step #3 is to look for CONFIRMATION OF THE MOVE to give us confidence to enter this trade!
Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade.
Step #2 we use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities.
Step #3 is to look for CONFIRMATION OF THE MOVE to give us confidence to enter this trade!
What’s next?
Keep an eye out next week for another video series, which will cover Trade Management!
Now that you know HOW to TAKE the trade…now you need to know what to do when you are IN THE TRADE!
Our trade management strategies are PROVEN & Time-Tested to be easy to use in the heat of the moment in the markets, and we have both Mechanical and discretionary components to ensure you are able to manage trades in ANY MARKET CONDITION.
You don’t want to miss our next videos series, it will complete this process of learning to day trade the futures markets with a process as simple as 1…2…3!
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
