Course details

A Gap is the difference between yesterday's close and today's open. It represents the daily trading volume and ignores the overnight volume. In the course you will learn to identify and differentiate between Market Maker and Retail Gaps. You will also learn specific strategies for trading these setups as well as price action and volume based strategies.

Throughout the course you will see why we prefer to trade in a systematic manner rather than by intuition, or by the seat of your pants.

Intuition is the ability to understand something without the need for conscious reasoning. Many Traders and Investors want to know when to get in and when to get out of positions. Some use classical indicators, some use more advanced methods, others rely on intuition. Regardless of which system you use we can all agree that flying by the seat of your pants is no way to manage an account.

Trading by gut feeling is simply feeding of the ego, this is what most discretionary traders are doing. They want to feel as if they posses some special knowledge, or connection with the markets that allows them to be on the right side of a trade. Some may get lucky and have sustained luck just long enough to fool themselves. However it is not a stable and long term consistent method to growing an account. No trader is emotionaly stable 100% of the time, we may not be running at optimal capacity every day and it only takes one day to destroy a winning streak. Therefore in order to preserve capital one must focus their efforts on systematizing the trading signals and methods used to manage those open orders.

In this course you will receive detailed instructions on exactly how to do just that and you'll be able to have a systematic method for entering trades on any market.

Updated on 16 November, 2016
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