Hi Ironchef, Good point and I found that many aspiring traders who like to become successful develop resistance to gain new skills after gathering some technical knowledge. It seems many think that the knowledge of the subject is enough and equal to the skill of performing and executing a profitable setup consistently, which we discussed here: "Importance of Trading Skill Development" This affects a person's attitude to learning a new skill, which is called "Coachability" and we define that as: - Flexible Adaptive Mindset - Low ego and humble attitude to listen to the coach's feedback and implement it - Patient to go through repetitive drills and not get bored - Resilient to withstand/recover quickly from difficult conditions - Responsible and Honest/Transparent person willing to work hard Interestingly if we look at The Turtle Experiment, we see from thousands of applicants, < 50 were selected to be trained and only 14 traders made it through the first "Turtle" program. So only ~5% were coachable and had right mindset for training! For educational institutes like us, we do not impose such tough selection criteria or interviews to select and then train students. We let non-coachable students (> 95%) who do not like deliberate practice training not to chose us and we are happy with that Our new Smart Trading Drills Under a Learning Management System is automatic and is designed to save our time to work closely with suitable students after Module 10. We focus on those 5% coachable ones who understand the value of high-performance skill development and deliberate practice coaching.
************************* Hi Deaddog, Thanks for your good suggestions to make the PAAT Trial more attractive. Instead of only the first Module with all Drills that were boring, we added 3 more Modules that cover Basic to Advanced Price Action Trading for free to the PAAT Trial, which covers: 4 Modules (Basic -Advanced Price Action Trading) 12 Workshops 27 lessons 12 smart drills The FREE Price Action Algo Trading (PAAT) Trial covers: Workshop 1: Price Turning Points - Swing Low (SL) & Swing High (SH) Workshop 2: Range, Drawing Range Line, Identifying/Update Range lines in the live market Workshop 3: Dynamic Support (DS) line & Dynamic Resistance (DR) Workshop 4: Dynamic Channels (DC) Workshop 5: Determining the Types of Patterns Workshop 6: Relationship between Pattern and Range Workshop 7: Trend Channel Break Out Workshop 8: Sideway Channel Break Out Workshop 9: Sideway and Trend Channel Break Out - Advance Workshop 10: Momentum Range Analysis Workshop 11: Momentum Slope Analysis Workshop 12: Combining Momentum Range Analysis & Momentum Slope Analysis Click below to try our FREE Price Action Algo Trading (PAAT) Trial for free: Price Action Algorithm Trading (PAAT) - Trial We have removed the enforcement of sequential completion of each workshop and Lesson in this PAAT-Trial. So this is not a registered user LMS system and please keep your browser open if you want to continue and have your reports at the end. Hope this helps aspiring traders to become familiar with Price Action Trading and understand the concept and value of smart drills. All the best, Ray
New tricks are always a way to go. But before you try anything new, you must know the old tricks. You will have an idea about where you are going.
Just mastering one setup is enough for success and consistency in trading: Find a trend and take its pullbacks The theory behind this simple setup is easy and can be explained in 5 minutes, but it will take lots of deliberate practice coaching to master it
In the business world and among the associated cadre of consultants that big business sustains, business management fads are continually be rediscovered, repackaged and re-sold. Once in a while there is something truly new, but that is both extremely rare and hardly ever useful other than to keep consultants busy holding seminars and short courses. Most recently the steaming pile of horseshit known as 6-Sigma* has been in vogue, and now this! Good luck to Y'all. ___________________ *this catchy little moniker comes right out of the normal distribution. It's selling like hotcakes.
Hi Piezoe, Thanks for your feedback and very good points as I have been the victim of these fake trading gurus that promised to have something new that works as explained in my profile and spent ~7 years and over 40K in many educational courses, trading systems, and tools that none of them worked! This makes the educational work for 1 % real traders/coaches in this field very difficult as many people are scared and think every trading course is fake and not working. Since you brought this topic here, there is a good forum in ET that reviews some of these fishy trading gurus: https://www.elitetrader.com/et/threads/fake-gurus-list.349402/ Also aspiring traders can refer to these links and learn to spot these fake gurus: The Truth About Trading Gurus - My Research Uncovering Fake Trading Gurus - Avoid Getting Scammed