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  • Rohit Musale, CFA

Level 5 - Japanese Candlesticks Trading Mastery Program

The level 5 video training program is around 7 hours of video training content.


In level 5, it is not as much about trading, as it is about the approach to trading.


Of course, I will have charts and technical analysis, and we will look at patterns.


But this is more about treating your trading activity as a business activity.


If your price hits your stop loss, that is not a loss. That is a business expense.


The level 5 course is divided into 10 different modules.


In the first module, I talk about:


How to treat your trading activity as a business activity?


How do you approach this field of trading?


In module 2, I will directly get into the first case study, which is about a guy who wants to become a positional currency futures trader.


We will prepare a step by step trading plan for this guy.


And by the end of this module, you will have a template.


You will have a proper trading plan based on which, you can prepare your own.


Once we have done the trading plan, I spend around 30 minutes on risk management.


I will show you how to calculate & pre-define your risk.


This also includes position sizing.


Module 4 is market analysis.


In market analysis:


We take the trading plan, but before we implement the trading plan, we try to get a deeper insight into the market, to get a sense of what we are up against.


This this will contain a lot of charts and technical analysis.


Module 5 is trading scenarios.


We have a trading plan.


We have done some basic analysis of the market.


Now we are ready to trade.


We will actually look for trade setups.


We will look for trading opportunities.


Module 6 is a second case study, where a lady wants to become an intraday stock trader.


We will look at how she goes about preparing her trading plan.


We will look at how her trading plan is different from the first trading plan.


In module 7, we will look at how she shortlists the stocks that she wants to trade intraday on a particular day.


And we will also start looking at intraday charts to see how she goes about finding trading opportunities, while she is implementing her trading plan.


In module 8 to 10, I want to talk about comparison.


How do you compare the two trading plans?


When we compare two trading plans, we understand which one suits us the best.


Or, do we need another, third trading plan, which we can prepare, that can suit our personality and our trading style?


I will also give you some book recommendations, especially in the field of trading psychology.


I will talk about certain guidelines to professional trading.


I will be discussing some golden rules that you need to follow, if you want to become a consistently profitable professional trader.


Following are the sub-topics covered in this course:


The Business of Trading (5 Videos)


In this module you will learn:


  • Why you should consider 'trading activity' as a 'business activity'

  • How to approach the process of trading

  • What are steps required to become a professional trader

  • What exactly is a trading plan & why should you prepare one

  • What are the ingredients of a well-defined trading plan


The Case Study of John (23 Videos)


In this module, we will take a hypothetical case study of a person we name as John, who wants to become a professional trader.


In this module we will look at :


  • Who is John & what is his profile

  • What, when, where & how does he want to trade

  • Which timeframes does he plan to trade with

  • How much capital is he planning to trade with

  • Which trading system is he going to use

  • How does he go about defining a trend in his trading plan

  • How many trading opportunities does he create for himself in a given trading month

  • What are the risk management rules he decides to follow

  • What factors will he look for, before taking a trade

  • How will he monitor his trades

  • What will be his exit strategy once he has taken a trade

  • How & how often will he track his trading performance

  • How will he factor in, trading psychology in his approach

  • What kind of system will he use to maintain his trading discipline

  • What is the difference between trading capital & risk capital

  • What is 'Return on Risk Capital'

  • How to calculate the 'Return on Risk Capital'

  • How does he maintain his trading journal

  • How does he plan to measure his trading skills

  • What approach will he use to upgrade his trading skills

  • What exactly will be his daily trading schedule

  • How does he factor in all the above & prepare a well-defined trading plan


In this module, you will also get a readymade template to prepare your own trading plan. Just like the way John did. You can use the same approach and bring some structure to your trading process.


This module is about bringing a method to the madness. Its more about the approach to trading, rather than trading itself.


Risk Management (7 Videos)


In this module, we will continue to implement John's case study and define some risk management parameters. In this module we will look at :


  • How to define your required success rate

  • How is success rate related to your reward to risk ratio

  • What are the 7 levels of traders

  • How to calculate the risk you plan to take on a position

  • How to calculate your position size based on your pre-defined risk

  • How to calculate your reward to risk ratio before you plan to enter a trade


Market Analysis (20 Videos)


In this module, we will look at how John starts to analyse the markets that he has planned to trade. Before he actually starts trading, he wants to get an overview of his target markets. In this module we will look at :


  • How does John apply the Triple Screen Trading Concept in his plan

  • How does he define & identify trend in a market

  • How does he analyse his target markets with the below timeframes


Monthly

Weekly

Daily

Intraday


We also look at how he approaches pullback trades


Trading Scenarios (13 Videos)


In this module, we will look at the actual implementation of John's trading plan. In this module we will look at :


How John goes about finding trade setups on the following timeframes


  • Intraday

  • Daily

  • Weekly


How he approaches each trade setup


How he uses a checklist to maintain his trading discipline


The Case Study of Lisa (14 Videos)


In this module, we will take another hypothetical case study of a person we name as Lisa, who wants to become an intraday stock trader. In this module we will look at :


  • Who is Lisa & what is her profile

  • What, when, where & how does she want to trade

  • Which timeframes does she plan to trade with

  • How much capital is she planning to trade with

  • Which trading system is she going to use

  • How does she go about defining a trend in her trading plan

  • How many trading opportunities does she create for herself in a given trading month

  • What are the risk management rules she decides to follow

  • What factors will she look for, before taking a trade

  • How will she monitor her trades

  • What will be her exit strategy once she has taken a trade

  • How & how often will she track her trading performance

  • How will she factor in, trading psychology in her approach

  • What kind of system will she use to maintain her trading discipline

  • How does she maintain her trading journal

  • How does she plan to measure her trading skills

  • What approach will she use to upgrade his trading skills

  • What exactly will be her daily trading schedule

  • How does she factor in all the above & prepares a well-defined trading plan


Intraday Stock Selection & Trading (8 Videos)


In this module, we will continue with Lisa's case study and look at the process she follows. We will look at :


  • What is the criteria she uses to shortlist stocks for intraday trading

  • What factors she looks for once the stocks are shortlisted

  • How does she take an entry

  • How does she monitor her trades

  • What is her exit strategy

  • How does she ensure proper selection in her trades


Trading Plan Comparison (3 Videos)


In this module, we will compare the trading plans of John and Lisa. We will see how they differ from each other and in what ways are they similar.


We will also see which type of plan is suitable for what type of traders out there.


Comparison helps us understand which trading plan suits our personality and trading style. That's why we must compare the two plans.


The Trader's Diary (5 Videos)


In this module, we will look at the golden rules that every professional trader follows. This consists of certain fundamentals of trading that you just cant ignore if you really aspire to become a true professional trader.


Book Recommendations (5 Videos)


In this module, we will look at which are the 4 best books available out there to help you :


  • Prepare Your Trading Plan

  • Develop Your Own Entry, Exit & Monitoring Strategy

  • Track Your Performance and Measure Your Skill Level

  • Journal Your Trades

  • Manage Your Trading Psychology


Preview some of the videos here.


Here is the link to enroll:


Level 5 - Japanese Candlesticks Trading Mastery Program

I will see you on the inside.

Thank you.


Regards,


Rohit Musale, CFA


31 December 2022


 

Here is a quick note about: The Japanese Candlesticks Trading Mastery Program


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 on The Japanese Candlesticks Trading Mastery Program:


The material presented here is for educational purposes only. Please do proper due diligence. There are risks involved in markets. Returns are never guaranteed. The Japanese Candlesticks are a tool, not a trading system. However, they can be used for any timeframe, any asset class (stocks, commodities & currencies) and any financial instrument (spot, futures & options). The principles discussed in this course are applicable to any market in the world, provided the price information is accurate and is coming from a reliable source. This course is not about which broker you should use or how to use your respective broker platform. This course is about educating you on Japanese Candlesticks in detail so that you can apply these principles in your own market and in your own trading style and timeframe.

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