I have been asked a number of times by potential students, why they should believe my teaching works. I don't know how others try to do it, but what I do when I teach is fairly structured.
I start by defining one chart for one market using one picture. Range bars and each indicator.
I go over and over the things I want to see in the picture that would persuade me to pull the trigger. I do this first on static charts and then live as the market unfolds. I trade the trade live, explaining all my thought processes as the bars develop in front of us, working out what the order flow is and what "they" are doing. I do a pre-market prep where I envision what the day could look like so that I have a possibility structure to work within. I then evolve this vision as the market confirms it or deviates from it.
I then talk a lot about back testing and collecting statistics so that a trader BELIEVES in his methodology.
When all this is in place, the student begins SIM trading a first Trading Plan that is designed ONLY to enable trade recognition and trade execution to be achieved at a 70% plus win rate. profitability is not addressed at this first stage. Subsequent TPs add techniques that provide the profitability. There are 3 stages and 7 TPs that a student progresses through.
Each week, I get a spreadsheet from traders showing their week's progress. I have reproduced a one below, chosen at random/trader's name withheld:
This enables me to see if there is a problem or issue. Sometimes there is and we have a 1 on one and usually the next week shows a dramatic improvement.
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