In the fourth module "Trade Execution," you will learn about different trade execution types. Mastering different ways on how to enter and exit specific trades can help you increase your trade profitability immensely.
It is monumental to have a pre-planned and rule-based approach when it comes to entries and exits as well as trade management. This is the only way how we can control our emotions in a real and live trading environment.
The formula for success is eliminating massive losses and letting your profits run. Easy to say but hard to put into practice. This is the reason why we designed this module.
Lesson 1: Entry Types
There are three possible entry types for long and short positions used in our Supply and Demand strategy. While we showcase the different entry types in a live trading environment, you will learn how they can be used depending on various scenarios.
Mastering these types of entries will give you more flexibility and possibly increase your profit potential (risk-to-reward ratio) tremendously.
Lesson 2: Exit Strategy
Not only entries are essential. Also targets. Without pre-defined targets, it is difficult to close a trade without emotions getting in the way. Therefore, in this lesson, you will gain knowledge about different target placement possibilities.
Lesson 3 & 4: Order Types – Part 1 and Part 2
Understanding the different order types, their benefits and what we use them for will help you put the previous lessons into practice.
Lesson 5: Trade Management
Trend is your friend until the end of the bend, right? So, assuming we take a trade with the direction of bigger picture trend, ideally, we want to let our profits run without limiting ourselves to a pre-defined target. At the same time, we also want to protect some of our running profits.
In this lesson, we will show you a unique trailing approach which is designed to (1) secure profits if price goes against you and (2) let profits run if the trade goes your way.
Lesson 6: Position Size
In this lesson, we will run through a step-by-step guide that you can follow to help you manage risk, position sizing and ultimately maintain your profitability. Hence in this lesson, we teach you how to determine risk and stop size. You will learn how to calculate position size based on the instrument of your choice.
Furthermore, we equip you with a lexicon of market terminology specific to the Stock Market, such as leverage, margin, cost, position size, and risk.
Lesson 7: Consistency in Trading
What is consistency in trading? This powerful lesson is centered around one of the most critical topics in trading – consistency!
Based on a stocks case study we will show you how consistency in trading will allow you to reach your specific income and wealth goals, step by step. You will learn how to do milestone planning and have specific Key Performance Indicators in place to objectively evaluate your trading results. This way you learn how to slowly scale up your business and gain confidence in your own trading.