Training Overview
Methodology
A Technical Trader must have an understanding of market structure, and have the ability to adapt to constantly changing market conditions. We emphasize an understanding of the underlying market structure, trade set-up conditions and adapting your trading to current state of each market. Simply trend following during a period of consolidation could cost you many thousands of dollar per contract before any significant trend develops. A skilled trader should be able to recognize the potential for a consolidation cycle (Range) before the crowd has spotted what is now obvious, and modify his trading strategy quickly to the expected outcome of the market.
Volatility and Trade Ratios are the next major components of a complete methodology. Volatility and Risk must be measured to quantify not only your Risk to Reward Ratios, but also the quality of the overall trade. Volatility measurements allow traders to smooth their results as trade probabilities change rapidly when market volatility expands and contracts.
All traders need the patience and discipline to follow their rules and trade their methodology. Detailed records, knowledge of your trade statistics over large samples sizes and a positive, non-inverted win to loss ratio give you a high probability of success. Pride Trading provides proprietary spreadsheets and mechanisms to submit your track record for constant review, and teach you how to maintain the discipline necessary to succeed.
Protégé Course
Course takes place over eight weeks of intensive training for those desiring to trade professionally.
College Protégé Course
Course takes place over eight weeks of intensive training for those desiring to trade professionally.