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Level 19 - Japanese Candlesticks Trading Mastery Program
Rating: 4.8 out of 5(21 ratings)
217 students

Level 19 - Japanese Candlesticks Trading Mastery Program

Learn The 16 Bucket Portfolio Management System
Last updated 9/2024
English
English [Auto],

What you'll learn

  • How to Conservatively Apply the 16 Bucket Money Management System
  • How to Aggressively Apply the 16 Bucket Money Management System
  • How to Manage Risk
  • How to Determine an Optimum Position Size
  • How to Scale into Positions
  • How to Scale out of Positions
  • How to Move the Stop Loss Levels to Minimize Losses & Maximize Gains
  • The 5 Important Principles of Trading Psychology Management
  • The 5 Basic Characteristics of a Trading System
  • The 5 Different Trading Styles

Course content

9 sections48 lectures2h 32m total length
  • The Nature of Loss2:37

    Master the 16 bucket money management system to control risk and position size, lowering losses for faster recovery and understanding how smaller losses require smaller returns to breakeven.

  • The 16 Bucket Money Management System3:44

    Divide your portfolio into 16 equal buckets of 6.25% to manage risk and position sizing. Empty a bucket when you spot an opportunity, focusing on money management and risk control.

  • Name Your Positions2:27

    Name each of the 16 positions to track and manage trades separately, using individual stop losses and an Excel trade journal for partial and full exits.

  • Risk Per Trade3:06

    Learn to cap per-trade risk at 5% with a fixed position size (about 6.25% of a 100k portfolio) and use entry and stop-loss distances to sustain a 1:1 reward-to-risk.

  • Max Portfolio Risk Per Trade4:06

    Size each trade to cap risk per trade at 0.3125% of the total portfolio, about $312 on a $100k account, using a 5% stop loss to limit losses.

  • Total Portfolio Risk4:27

    Assess total portfolio risk and the worst-case loss when fully invested. The theoretical maximum is 5%, but practical risk is lower due to stop losses and variable risk per trade.

  • Practical Portfolio Risk2:49

    Maintain practical portfolio risk under 5%, typically between 3% and 5%, by keeping unfilled positions in cash and using a 2:1 reward-to-risk setup to protect capital.

  • Practical Risk Per Trade2:36

    Calculate risk per trade in Japanese candlesticks trading by summing risk across positions and dividing by the number of positions, keeping per-trade risk under 5% and moving stops to breakeven.

  • Too Much Portfolio Concentration1:57

    Avoid putting all your money in a single stock; too concentrated portfolios expose you to losses beyond the theoretical 5 percent, especially when gaps down.

  • Too Much Portfolio Diversification2:32

    Balance concentration and diversification to manage risk in a stock portfolio. Learn how excessive diversification can cap portfolio gains and how position sizing affects overall return.

  • The Optimum Portfolio2:56

    Build a four-stock portfolio with 25% exposure to each, pyramid entries as profits accrue, reinvest gains to finance risk, and never average down.

  • Max Position Size Per Stock1:51

    Limit your exposure to a single stock to 25% of your money; add positions only when profitable and ride the growth stock trend, following money management rules across the buckets.

  • Buying Vs Selling2:53

    Buying stocks offers greater potential than short selling, with long-term gains from growth stocks and no expiry; become an expert buyer and follow traders like William O'Neil and Mark Minervini.

  • Scaling Up0:53

    Scale into winning stocks by pyramiding your position only as prices move in your favor, avoiding averaging down when a stock declines.

  • Stop Loss Movement1:34

    Always move your stop loss up as price rises and never move it down, using profits to finance risk and maintain equal position sizes.

  • Average Losses3:13

    Apply the 16 bucket money management system to keep average losses low, cap risk at 3-5% per position, with 6.25% per bucket, and build a 4-8 stock portfolio for growth.

Requirements

  • You must have the Willingness to Learn & Study
  • You must have an Open Mind to New Concepts
  • You must be Willing to Question Your Existing Beliefs About the Markets & Candle Patterns
  • You must preferably do Level 1 to 18 of my Japanese Candlesticks Trading Mastery Program

Description

All the Levels of The Japanese Candlesticks Trading Mastery Program are designed to help you : 

  • Learn How to Trade Stocks, Forex and Commodities Using Candlesticks and Technical Analysis to Become a Professional Trader

In this course, I will teach you my 16 bucket money management system.

This can be customised to your risk taking ability (if you want to).

But the original framework can be used as it is.

Remember, as Steve Nison has said, "Candlesticks are a tool, not a trading system."

A complete trading system comprises of:

  • Filtering Criteria

  • Entry Strategy

  • Exit Strategy

  • Risk Management

  • Money Management

  • Trading Style

  • Position Sizing

  • Market Analysis

  • Psychology Management

  • Trade Management

  • Trade Journalling

  • Account Management

  • Daily & Weekly Routines

  • Trading Plan

Broadly, in this course, I will discuss the following topics:

  • Risk Management

  • Position Sizing

  • Money Management

  • The 16 Bucket Money Management System

  • Scaling into Positions

  • Scaling out of Positions

  • Movement of Stop Loss Levels

  • The 5 Basic Principles of Trading Psychology Management

  • The 5 Basic Characteristics of a Trading System

  • The 5 Different Trading Styles

Following is the universe of markets from which the charts for this course were chosen:

  • American Stocks

  • Japanese Stocks

  • Chinese Stocks

  • European Stocks

  • Indian Stocks

Learn concepts that apply to any type of trading. If you know how to read one chart, you can read them all. This course through its various levels will help you understand this unique and most primitive technique of trading. The Japanese Candlesticks Trading Mastery Program can be applied in any or all of the following areas of work :

  • Forex Trading / FX Trading / Currency Trading

  • Stock Trading

  • Commodity Trading

  • Options Trading

  • Futures Trading

  • Intraday Trading / Day Trading

  • Positional Trading 

  • Swing Trading

  • Technical Analysis of Stocks, Commodities & Currencies

  • Price Action Trading

  • Chart Pattern Analysis

  • Cryptocurrency Trading

Standard Disclaimer: I am a SEBI-Registered Part-time Research Analyst (Registration No. INH000022279) registered under the SEBI (Research Analysts) Regulations, 2014, and supervised by the BSE Research Analyst Administration and Supervisory Body (RAASB). All content shared by me across my digital platforms is strictly for educational purposes only and should not be considered as investment advice, buy/sell recommendations, or trading tips. I do not provide personalized investment advisory services, I do not publish research reports, and I do not make buy/sell or price-target recommendations. My content is limited to an educational purpose only and does not constitute a research service or any other activity regulated by SEBI under my Research Analyst registration. Any securities or instruments referenced are used purely for education, analysis, and illustration and must not be construed as a solicitation, recommendation, or advice to buy, sell, or hold. Investing and trading in securities involve significant risk, and past performance is not indicative of future results. Please conduct your own due diligence or consult a qualified, appropriately registered financial adviser before making any financial decisions. I may or may not hold positions in the securities discussed at the time of creating the content, and such positions are subject to change without notice. I do not receive any compensation from third parties, including MarketSmith or Steve Nison; I have completed the basic and advanced candlestick modules on Steve Nison's platform purely as a student and am not affiliated with him or his website in any way.

Who this course is for:

  • Salaried Professionals
  • Doctors
  • Lawyers
  • Entrepreneurs
  • Retirees
  • Students
  • Home Makers