
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.
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.
Master exits and partial exits with a money-management focus, applying the 50% method to reduce, using price action, volume, and moving-average signals, including stop loss considerations.
Master stop-loss movement and selling into strength on a daily chart breakout, applying 20-day sma context, high-volume candles, and progressive stop adjustments to protect profits.
learn when to sell and how much to sell using price action, volume, and the ten-day moving average in the level 19 japanese candlesticks mastery program.
Scale into positions by pyramiding up and moving the stop loss up in breakout stocks, never pyramid down, focusing on uptrending stocks and staged entries (P1, P2, P3).
execute the sell decision by taking partial exits on strength and weakness, moving stop losses up, and book profits regardless of overall market conditions.
Master flawless trade execution by concentrating on precise entry and stop-loss placement, recognizing a bullish engulfing pattern, and avoiding basic mistakes like mis-selecting open versus low prices during pullback trades.
Develop a fast trading system built on mechanical rules, reliable frameworks, and clear risk and money management, ensuring breakout trades are rejected if risk exceeds 5%.
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 Research Analyst (Registration No. INH000022279) under the SEBI (Research Analysts) Regulations, 2014. All content shared by me 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 write research reports, and I do not operate any chat groups on platforms such as Telegram, WhatsApp, or any other similar services. I do have a presence on YouTube, but apart from that I do not have any social media accounts. Any securities or instruments discussed are purely for analysis and illustration and should not be construed as solicitation or advice. Investing and trading involve significant risk, and past performance is not indicative of future results. Please conduct your own due diligence or consult a qualified advisor 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 I am not affiliated with him or his website in any way.