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Members

Welcome to all members.

Now that you have successfully completed the Classic section of your apprenticeship you may be excited, anxious or a bit of both. An important thing to take forward from here, is that you don't discard what you have learnt in the Essentials section of your learning.

Everything that you are given at your courses becomes part of your arsenal. No matter how big your arsenal, you must employ a good strategy in order to succeed. Your strategy needs to evolve to incorporate all of your tools as you aquire them.

Remember that your new found Fibonaccis will work on their own, but you will have more success by including the application of support, resistance and trend lines.

If you find that for any reason (work, family etc) you feel that you're a little behind where you think you should be, let us know. We will help you back up to speed. You can then work at your own pace without feeling inadequate.

It is extremely important, so I will include the following section from the Essentials Members' page..
In your trading career you need to establish routines that enable you to maximise success. Remember that trading is based on probability and to weigh probability in your favour, requires consistency.

  • Print the economic calendar every Sunday night/Monday morning. Link available on the Noticeboard.
  • Choose a time of day to trade that best suits your lifestyle, allowing you to focus on your task with an uncluttered mind.
  • Check your daily charts for KRs and KCs
  • Work out your daily and hourly trends, support/resistance
  • Use a Trading Form every time you trade
  • Read your manual more than once
  • Set up your rules, print them out, display them prominently

NOBODY gets every trade right. Those who succeed earn it through diligence, consistency, control and attitude.

  • This is an apprenticeship. If you want it to be a career, you must stick with it and learn.
  • By following rules you will create a rythm that will foster seemless transitions through all stages of your journey.
  • You will need to control greed, impatience and fear. This is easiest done with discipline and employing equity and risk management.
  • HAVE FUN - enjoy the journey

 

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Recommended Reading
Trading in the Zone:
Mark Douglas
 
The Disciplined Trader:
Mark Douglas
 
Market Wizards:
Jack Schwager
 
New Market Wizards:
Jack Schwager

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