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

Level 19 - Japanese Candlesticks Trading Mastery Program

Learn The 16 Bucket Money Management System
Last updated 9/2024
English

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
  • The 16 Bucket Money Management System3:44
  • 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
  • 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
  • Practical Portfolio Risk2:49
  • Practical Risk Per Trade2:36
  • Too Much Portfolio Concentration1:57
  • Too Much Portfolio Diversification2:32
  • The Optimum Portfolio2:56
  • Max Position Size Per Stock1:51
  • Buying Vs Selling2:53
  • Scaling Up0:53
  • Stop Loss Movement1:34
  • Average Losses3:13

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 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.

Who this course is for:

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