While I gather that the most important factor for success at trading is finding your own style/strategy that works for you, I am interested in an outline of what the various prop firms who offer training actually teach. Bright teaches pairs and openings strategies, anything else? I assume prop shops teach various forms of momentum trading, trading news, and general technical analysis. Maybe scalping? What topics am I missing? Are there training manuals from now-defunct firms floating around that I could peruse?
Since you asked about what is taught, here is an outline. Day One Morning 9-12 ⢠Introduction (names) DON ⢠History of firm. ⢠Common Terms ⢠Order Flow DON ⢠Investing vs. Trading DON ⢠Listed vs. OTC DON ⢠Retail vs. Professional - Don ⢠The "Edge" Don ⢠Trade through sweeps, liquidity rebates, etc. DON ⢠Fair Value DON ⢠Opening Only Prep DON Afternoon 12:45 â3+ ⢠Players, 15 minutes Don ⢠Indicators Don ⢠Q & A Don ⢠1:20 Intro Bob ⢠Relative Strength â ducks Bob ⢠Momentum Bob ⢠Ducks Bob ⢠Review Fundamentals, Bob / Christy ⢠Basics of Pairs Trading â Bob Tuesday Morning 6-12 ⢠Do Openings Don ⢠Discuss Opening ⢠Fundamentals vs. Techs (Pairs) Don ⢠Q & A Session â Don ⢠RediPlusâ Don Mention BTM ⢠Risk & CAS-Tammy (8-8:45) ⢠9:00 â 10:30 Rob: Pairs trading tools, etc. Live Trading example ⢠10: 45 Cash Technical and Mental Aspects of Remote Trading. ⢠Noon: Lunch â return at 1:10 Afternoon 1:15-3 ⢠BTM with Rob (Don Intro) ⢠U-4 Review BT requirements Tammy Wednesday Morning 6-1 (3 breaks) ⢠Do Opening Don ⢠Discuss Boot Camp Don ⢠Review U-4 â collect Don ⢠TAPE reading Don ⢠Reading Indicators (Prem/disc +) Don ⢠Business Plan Overview Don. ⢠Live Trading 9:00 â 10:00 Randy ⢠Office and Remote Bobby/Randy ⢠10:15-11:00 Don will cover: ⢠Psychology ⢠Behavioral Consequences ⢠Discipline, Risk, etc. ⢠Rebalancing + Quarter end. (window dressing, etc.) ⢠11:00 â 11:45 Rob and Cash review Q&A period. ⢠11:45 Introduce Kevin / IT specialist ⢠Lunch 12:00-12:45 Afternoon 12:45 â 3:00 ⢠MOC Viewing/discussion-Don ⢠Review + paperwork/ Don ⢠1:30 Strategies with examples (ours and students). Bob + ⢠Ducks â R/S, etc. review ⢠Discuss Full Day of Trading Bob+ Trading Strategies covered and reviewed Opening Only Orders Scalping Post Opening (sectors, etc.) Relative Strength Momentum M & A Spreads Pairs Contrarian-Volatility Break-outs Dismiss approximately 3PM Basic outline for 3 day training program. Don
Thanks for posting that. I bet it's on your website somewhere but I hadn't seen it until now. Would be interested to see what other programs include.
All you need is 3 days and you have the right to pay insane fees, desk charges and give up 60% of your profits!!
Or, as in our case...you keep 100% of your profits, and we consider the 3 day class a good starting point. LOL. I too am curious about other training programs. All the best, Don
$1000, return for free if you like. Should probably charge some of that Linda Rashke type money, but we don't, LOL. Don
I think that's a good price for quantity of information you can learn. Especially if you're a total beginner. Would have been nice if there was something like that around here when I first began.