I hope you’ve enjoyed this rather illuminating start to 2020 and the subsequent market moves we’ve experienced already?
Everyone starts a new year with grand goals about it being their best year as a trader – however those plans often fall flat, for many internal and external reasons. A lot of the challenges come from people trying to make massive changes all at once, which are rarely sustainable. Here’s where we I’ll be helping you in 2020 with a webinar series to help you build your trading business during 2020.
The New Year, New Trader Program will be a series of 4 webinars this year that will help you make incremental change to your trading by building your skill set and business acumen as a trader over the next 12 months. It’ll be split to ensure that you can understand and cover the 4M’s of Trading this year. Each webinar will explain the best practice within that segment of trading and provide a staged checklist for you to work through for the next 2-3 months.
The cost for the webinar series will be £30 for the year. Each session will be recorded for you and you’ll be provided the slides. It’ll become a small self-coaching program to help you make true progress in 2020 towards your trading goals. At the moment it’ll be limited to 20 traders.
So this is Part 1 Webinar of New Year New Trader Program will be on Thursday 23rd January – ( and possibly re-run on Monday 27th) and will focus on what you need to be working on in January, February and March of 2020 to ensure that you’re managing money correctly as a trader. It’s the building block upon which the rest of your trading is built. If you’re not managing risk then you’ll end up as road-kill!
I look forward to you joining us and I hope to help you make 2020 a great trading year for you!
I hope life and the markets are treating you all well. As we draw 2019 to a close we can look back and see that its been an eventful and interesting 2019 from the viewpoint of maret opportunities. Furthermore as we look forward into 2020 we can see more volatility and more uncertainty in geo-politics and financial markets. As always this will provide either a threat or an opportunity based upon attitude and preparedness.
For the last few years I have run the VTP trading sessions in London and I am presently setting my schedule for the VTP trading sessions for 2020. As my diary gets compressed I am looking to deliver the various stages in 2 day workshops (apart from Stage 2 which is 3 Day) with follow-up online sessions. This also makes it easier for the attendees to manage their diary. The VTP was originally set-up to help give Veterans an insight into trading financial markets using three principles that they naturally embrace:
– Process
– Discipline
– Self-Awareness
It just so happens that those very same traits are also seen in consistently successful traders. All traders can improve by embracing these traits into their trading. As the project has evolved it’s now my intention to create a wider community of
‘Versatile Traders’ which I would define as:
A Versatile Trader has the ability to trade any instrument, in any direction, on any time-frame.
Personally, I think the days of someone just being solely a 5 min EURUSD trader are long gone – a good trader now needs to be able to operate where the best opportunity lies. That could be FX, Indices, Stocks, Commodities, Bonds or Crypto.
That’s not to say that a trader may not end up focussing on a particular style, asset class and timeframe as their experience increases, however they should have the ability to operate wherever the opportunity lies.
So with that in mind here are the dates for the VTP Stages 1-4 for 2019. They are delivered in a small group between 6-15. If you want to join a particular stage or to know more then drop me a line.
Stage 1: Introduction to trading and financial markets – 16 & 17th January 2020, London: LTN cost: £297
This is the ideal stand-alone introductory course to trading and financial markets. Over several sessions it provides the building blocks to be able to educate a new trader how to operate safely and effectively within financial markets. By the end of the stage the new trader will understand the 4M’s of Trading: Markets, Methods, Money & Myself
. They also develop those three key traits mentioned at the beginning: Process, Discipline & Self-Awareness. There is no requirement to take any further stages – this is a stand-alone stage that will provide anyone with the fundamental basics of successful trading.
Stage 2: An introduction to longer-term swing and position trading of FX, Indices and Commodities Markets – 19th & 20th March 2020, plus Friday 22nd may: LTN cost £397
Leading on from Stage 1, here we focus on longer term trading of FX, Indices and Commodity markets in-line with how I trade myself and for funds. We provide deeper insight into these markets and additional tactics to help build your own successful longer-term trading business.
Stage 3: An introduction to short-term, intra-day trading of FX & Indices markets – 23rd & 24th July 2020, London: LTN Cost: £397
As the name implies we focus on how to trade FX, European and US Indices from an intra-day basis. Sessions will be based on preparing for your day of intra-day trading of these markets and how to adapt the strategies, tactics and concepts from earlier Stages for intra-day success.
Stage 4: On Managing Myself, Trading Performance and becoming a Money Manager – 19th & 20th November, London : LTN Cost: £397
This stage is split into 2 sections: Half on managing self and the other half on managing money – namely other peoples. You may or may not have dreams of becoming a money-manager however acting as if you are a fund manager is never a bad thing in your own trading business. This whole stage will be focused on what you need to do to build your own trading business that will put you in the right space to be able to seek funding (if that is your wish).
In total it will equate to about 72 hours of us working together over the course of the year. As always there is a cost involved. I am fortunate that I am allowed to use a corporate clients location so that enables me to keep costs to an acceptable level.
Stage 1 has always cost £297.The other stages normally cost £447 but for today if you wish to join one of the stages the cost is £397.
In total to attend all parts of the VTP next year would cost £1488. However for those that wish to attend all of the sessions this year then there is an early bird cost which is reduced to £1200 for the year. There will only be 12 slots free so it’ll be on a first-come, first-served basis, with veterans getting priority.
I wish you every success in your trading for 2020. As I said at the start, this upcoming year can either be a threat or an opportunity for you – it’s about your attitude and being prepared.
‘They have filled in a huge blank in my knowledge. Hopefully now it won’t be 2 step forward, 3 back.’
‘Made me realize that I can do this’
‘The sessions changed my whole understanding, thinking and attitude to trading and my approach to trade, too’
‘An essential course for anyone considering getting into trading. Will definitely save you money and stress in the long run’
‘I’ve recommended already – that’s the best course ever I’ve been involved. The only one course touched somehow my personality ‘
‘Learn the missing ingredients that most retail traders don’t even know exist. Push your trading and yourself to the next level.’
‘I would not have attempted trading again without this course. Covering the basics of trading together with money management (how much to place on each trade and what profit targets to aim for)gave me enough confidence to give it another try.’
If you want to know more you can reply to this message or email me at paulwallace@tradingbeliefs.com for more information.
This is a ticket for the recordings of the Online Traders Forum Q2 Session which includes access to the recordings and slides from the three presentations on Trading Strategies.
£47.00
A couple of weeks back we had a highly enjoyable and educational session for the Q2 Online Traders Forum. The theme was “Trading Strategies”. The recordings and slides of those sessions are now available. We had three sessions:
Kevin Barry talked through exactly how he trades the 5 Minute chart on Indices and FX with some superb examples of a typical trading day for him.
Martin Walker described a simple trading system that Traders can take and use across multiple asset classes
Paul Wallace talked about Mechanical, Subjective and Discretionary Trading and provided three set-ups for each style of trading.
If you wish to avail yourself of the slides and recordings then you can do so on the button above.
Today we were waiting for the US Unemployment numbers…..and weren’t they a blast!
We also talked about the “Covid-19 Trade” which was basically to go long $ZM Zoom and short $IWG / Regus. Take a look. It’s always so easy in hindsight isn’t it?;-)
See you tomorrow: same time, same place, same link.
Thanks to those of you who joined us once again for the Daily Market Update. Today we looked at the major markets and also discussed China’s PMI numbers and also IWG group and IAG.
The educational point today was very simple. When idiots tell you to buy a stock that should be a great signal to actually short it. Clearly a lesson I needed to relearn. Grrr.
Anyway I look forward to you joining us tomorrow. The same link works every day:
On Friday’s session we wanted to see how the US markets closed Friday and opened Sunday night/Monday morning.
The close wasnt positive, price bounced off the Daily 20MA’s and then price gapped down on Sunday night. However if you look at the price action for the rest of today we had quite the head-fake. Look and learn!
See you tomorrow – usual time, usual place, usual link.
Well another day, another fascinating ride of price action! Today we had the BoE MPC Meeting and the US Unemployment claims (which came out as we went on air.)
Well those US numbers were expected to be bad, but they were still a shocka! Claims of 3.2 million overwhelmed the record of 700k from the 2008/2009 period.
Anyway we’ll be back tomorrow for the last session of this week. Youre welcome to join us.
Once again – I’ll be running the Market Update tomorrow at 1230. All are welcome:
Thanks to those of you who joined us today. As well as the normal instruments we also took a look at Smith & Wesson, Taser and the Real Estate sector. As always just some talking points to provide some interest, insight and education.
Join our Zoom Meeting every day at 1230 as we navigate through these choppy waters.
When I did todays announcement I talked about how I though Fridays close and Sundays opening may have been enough to put the fear of god into the Central Bankers, Lawmakers and Politicans. And it appears it had been when just before I started we saw a Fed announcement followed by a rise in US Indices……
….however it only took less than two hours for markets to return to where they were before the announcement. So the Dow, for example, moved up approx. 1400 points, only to reverse and drop 1400-1500 points!! Wild moves indeed!
Anyway hope you enjoy the video and you’re welcome to join me tomorrow if it helps.
Here is the recording from Fridays Daily Market Update – teh week did not finished as I’d hoped, which means we’ll have an interesting week ahead!
For those of you wh dont know I a trying to help people by delivering a 1230 Daily Update on what is happening across the major markets during this time of volatility and uncertanity. All are welcome and you can join here:
RT @Oddschanger: Today marks two years since the footballing world lost Ray Wilkins.
This story from a former solider on how Wilkins helpe… 10 hours ago
January 13, 2020
0 Comments