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I'm currently just more than halfway through the course. I study one video lesson a day and make notes and screenshots so I understand everything. I also revisit my old notes every day and quiz myself so I don't forget what I learned before.
What should I do next? For example:
- get the chart pattern encyclopaedia
- purchase Al's old video recordings and study them,
- and/or subscribe to the current month's webinar.
I am in a full time job, and I don't think I'm ready to trade yet. This is a strictly learning phase.
Thanks in advance.
The path is to each his/her/their own. However, be very sure that going through the course once is not enough. My notes would be, to go through the course twice and then purchase encyclopedia. Go through the encyclopedia twice and purchase Al's old webinar recordings(as you get them months at a time at a significantly low cost). Once you have studied all this, try and go through the material over and over until you are fluent with it. When so, join the webinar(BPA trading room) to see if you are able to see what Al is seeing and you are able to call it out on a reflex without much thought. With six months to a year of practice(while being in the trading room), you will be pro(is what I think).
P.S. - I am still in the going through the encyclopedia phase and have not purchased the trading room videos yet. My future course of action might be different as I keep on assessing my needs to become a pro.
Replay! You can do replay anytime. You can adjust the timing, so a whole trading day may be an hour or two. You can pause at key times, such as just before or after a 5min bar close, to review your context analysis. You can place sim trades. If you have a good platform this is exactly like live trading but can speed and pause time (but not reverse). You can practice your sixing, scaling, stop setting, take profit setting, all the trade and money mgmt skills. Most platforms will give you performance analysis. As you do analysis and replay trade, you will get a sense of what you understand well and not so well. You might want to continue this topic in the Discord server.
Replay! You can do replay anytime. You can adjust the timing, so a whole trading day may be an hour or two. You can pause at key times, such as just before or after a 5min bar close, to review your context analysis. You can place sim trades. If you have a good platform this is exactly like live trading but can speed and pause time (but not reverse). You can practice your sizing, scaling, stop setting, take profit setting, all the trade and money mgmt skills. Most platforms will give you performance analysis. As you do analysis and replay trade, you will get a sense of what you understand well and not so well. You might want to continue this topic in the Discord server.
If you have a good platform this is exactly like live trading but can speed and pause time (but not reverse). You can practice your sizing, scaling, stop setting, take profit setting, all the trade and money mgmt skills.
Are you talking about Ninja Trader there?
NT and any other paid trading platform have this feature. Highly recommended in earlier stages of learning.
If you have the books read them twice, go thru the video presentation at least once. When you see things on a chart you don't understand, use the encyclopedia to really drill down concepts. It's taken me well over 2 years to come up with a process that works and a lot of it is also time in front of the charts, experience is your best teacher. It gets easier but there is always a shade of grey to trading. My biggest tip of advice that has helped me the most is always adjusting position side based on actual risk not entry, there's just no need to take large losses you can always scale in or re-enter at a better time if you're stopped out.
My biggest tip of advice that has helped me the most is always adjusting position side based on actual risk not entry, there's just no need to take large losses you can always scale in or re-enter at a better time if you're stopped out.
Hi Anna, I ve found interesting your approach, but still struggling to get it. Can you please tell more about it and possibly give some examples?