Course #3 - Documenting and Review Process With Live Trades
4.7 (246 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,363 students enrolled

Course #3 - Documenting and Review Process With Live Trades

Aggressively Growing a Small Account, 2.3K to 3K by 30% in 1 Day
4.7 (246 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,363 students enrolled
Created by Philakone Crypto
Last updated 5/2019
English
English [Auto-generated]
Current price: $64.99 Original price: $99.99 Discount: 35% off
2 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 4 hours on-demand video
  • 14 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • My strategies for growing small accounts, how to document trades and review them, how to leverage, how to short
  • You'll understand scalping 1-2% profits that can compound to large gains over time
  • You'll understand how to document trades and review them to learn from mistakes
  • You'll understand how to trade with the trend and catch bounces
Requirements
  • Have access to a cryptocurrency exchange account that lets you short and have funds to trade.
  • Have access to a computer and an account at Trading View.
  • Have access to an exchange that can short (Not 100% Necessary but recommended)
  • Familiary with RSI, MACD, Histogram on a basic level
Description

The goal is this mini course is to introduce a systematic approach to trading that can help you develop your skills further. We ask ourselves, how can we improve our trading if we don't document and review each trade? 


In this mini course #3, I go through 9 live trades, growing a small $2.3K account to $3K (30%) in a single day.

For each live trade, I:


1) Narrate my thought process

2) List the reasons entering the trade

3) Document the process during the trade

4) Go through risk to reward in detail

5) Keep a master track of trades taken

6) Review each trade at the end of each trade and 24 hours later

7) Review mistakes and successes, focusing on both strengths and weaknesses, to see where improvement can be made



Who this course is for:
  • This course is for intermediate to advanced traders. My first course is highly recommended before taking this one.
  • Those wanting to learn more about intermediate to advanced level 2, price action, and Elliot Wave
  • Those wanting to learn my specific scalping method that yields 1-2% per trade.
Course content
Expand 10 lectures 04:07:10
+ Introduction
10 lectures 04:07:10

Trade 01 involves counting elliot wave structures, how we look for higher lows on RSI to see signs of bullish divergence, and how a volume spike on a small time frame after a volatile downtrend can signal reversal.

Preview 34:28

Trade 02 deals with descending triangles gone wrong. This trade proves that descending triangles don't always break down. Had I not accepted my loss and cut it, I would've been a bad position, ignoring my stop loss and would've been down over 6%. One of the most vital skills is cutting your loss. It's only when we learn how to cut our losses, we can then protect and grow our capital.

Trade 02 - Descending Triangle Gone Wrong, Cutting Losses Quickly
23:39

Trade 03 deals with trading breakouts and how to set targets using fibonacci retracement tool. This trade heavily relied on the acknowledgement of trade 02 (shorting) going wrong, accepting that loss, and moving onto the next trade.

Trade 03 - Trading Breakouts, Targeting 0.382 Fib range, Accepting a loss
40:48

Trade 04 dealt with longing at support ranges and identifying bounces. Many mistakes were made this trade. I took profit much too early and I could've used fibonacci retracement ranges as targets, but didn't. Next time I'll be more diligent with setting targets and not taking profits too early.

Trade 04 - Longing at Support, Setting Fibonacci Retracement Targets
24:45

Trade 05 - This trade was successful and unsuccessful in many ways. This was clearly the play of the day, allowing me to catch the B of ABC in elliot wave theory, but my confidence was not high. Instead of yielding a profit of $500+, I yielded only $120. The main lesson learned in this trade is to acknowledge your Elliot Wave count if successful on the previous trades, and if C is caught, to target 0.786 to assume a truncated C of the B wave.

Trade 05 - Elliot Wave Theory, Improving Taking Profit, Riding the Short
29:40

Trade 06 was the worst trade of this series. I forced trades and went against my position. I panicked and took profit too early, where I should've believed in why I went into the trade, and rode it sufficiently to target or be stopped. This trade never should've been taken in the first place.

Trade 06 - Forcing Trades, Going against previous positions and against trend.
11:32

Trade 07 dealt with similar mistakes as trade 06. I didn't stick to my target and panicked out early, reducing my overall profit.

Trade 07 - Repeating The Same Mistakes, Not Sticking to RR, Forcing Trades
36:18

Trade 08 shows how diligent and stubborn I am. But also shows the aggressive trading style I have that keeps attempting the same trade until exhausted.

Trade 08 - 3rd Attempt at the Same Long, Sticking to RR and Being Disciplined
16:05

Trade 09 Was a profitable trade, but many mistakes were made. We strike to learn from these mistakes as much as we can. I caught myself trading when tired, and that's never a good sign. This was potentially the last big short opportunity to catch that day and I ended  up taking profit much too early.

Trade 09 Missing the Big Short Opportunity, Trading when Exhausted
20:57

A quick general summary of the trades that day.

A Summary of All Trades
08:58