A complete business plan for operating a profitable stock trading business is much more than just another stock trading course.

The stock market is a business of bringing buyers and sellers together. Common stock has a purpose and role in the stock market. Understand how hedge funds, mutual funds, market makers, specialists and the public are involved. Understand how business men and women interact with speculators. Gaining a clear understanding of the opening price action will set up your trading day.

There is a business plan. The business plan is made up of the TRADING PLAN and GAME PLAN. Clarifying our goals. The same as a hedge fund or private wealth managers, you are in the business of managing money. Preserve capital is your #1 business objective. Understand how to grow your capital quickly is your # 2 business objective. When you realize your job is risk management, not predictions, you will grow your capital consistently. You can earn consistent money by mastering the relationship between probability, risk and leverage. We will show you the skills you need to succeed in your business.

A short term picture of supply and demand. Learning how to time entries and exits. To understand the price action that forms the candlestick. Understand how to apply specific candlestick patterns.

Paying attention to price action. You can anticipate what will happen next by giving structure to price action. The price movement will never be random because of the basic structure of price action. To begin learning the skills of letting the market tell you what to do instead of placing a trade and hoping the market proves you correct. The basic structure is created by the interaction between institutions. Market makers, specialists and the public. To start forming trading scenarios based on the basic price structure.

Where supply and demand have taken control is identified. The scenario of a test and a break. The significance of support and resistance cannot be overstated. Key support and resistance levels for short term stock traders are identified. To understand how to trade support and resistance.

Identifying our traded trend is a trend analysis. We will learn to recognize order flow so that we can maximize our leverage or sit on the sidelines. It’s easy to identify if you should be buying, selling or doing nothing. The strength of the trend and order flow can be quickly identified. Basic moves in relation to the trend and order flow affect our trading decisions. How to use moving averages. A potential change of trend is identified. When a trend has changed, we can adjust our trading bias.

The key to managing risk, assessing probabilities and assigning leverage to a trading idea is Multiple Time Frame Analysis. Gain a clear perspective of longer term trends and how they set up trade scenarios and trade entries. When probabilities are in our favor, we can increase leverage. To understand how shorter time frames interact with large time frames to help manage risk and time entries.

The Big 3 are the only trading scenarios to focus on. Price action phase gives structure to volatility so that price movement is never random. You will know which of the Big 3 to pull out of your trading bag when you have a firm grip on the market environment.

The juice behind the order flow is the power behind the idea. To understand how volume will start, confirm or end a move. Volume leaves behind clues on the charts and tape. The probability of the next move is assessed when volume occurs in the price action phase or during a chart pattern.

Understanding how to manage risk and share size is part of order entry techniques. Clear cut entry patterns and conditions precede them. There are different types of orders for each market. To learn how a professional manages risk while in a trade. To learn trade entry and exit strategies that incorporate chart patterns and candlestick patterns. The risk management plan includes how you will manage capital in regards to entry price, initial stop loss and share size allocation. Define your risk for each trade. Preservation of capital is your first priority.

There are stop loss strategies and profit taking scenarios. To understand how to successfully manage risk as a career. There is a huge difference between a bad trade and a trade that doesn’t make money. Losing trades are a very common part of trading and should be viewed as nothing more than the cost of doing business.

Level 2 and direct access trading includes understanding quoted prices and how to read executed trades. There is a difference between online trading and direct access trading. Level 1 quotes and level 2 quotes are different. There is an introduction to time and sales. Determine where your skills are now and where you want them to be. To review the choices for direct access order routing. To understand how direct access trading can lower your monthly trading costs.

When you should be busy and learning to forecast the next move, Tape Reading is a good place to start. To understand what you should be paying attention to in time and sales and how it relates to price action. To learn how to focus on what bids and offers do in relation to the prints in time and sales. There is a framework for what price action should do based on those prints.

Is the wind at your back? Learning how to use market conditions to your advantage. A complete system of market analysis is needed to complement your stock trading decisions. How to properly use market internals is important. Market timing is related to another element of Dow Theory.

Developing the winning mindset is part of trading psychology. Understanding what it takes to make a living. Winning trading requires proper mindset. You don’t need to predict the markets next move to earn a consistent living in the stock market. How to think like a profitable trader. Know what fear and nervousness means in your trading. Discipline is related to all aspects of trading, not just the stop loss. The steps to becoming a consistent trader are identified.

Homework gives structure to a preparation and a game plan. A simple and repeatable game plan is needed. The majority of the course is about how to implement a trading plan. Your game plan is your homework. Market review, sector scanning, and stock scanning are included in the game plan.