Finally, the VTP Stage 5 is ready for launch! Read on if you want to create the next evolution in your trading journey.

It’s a sad statement that most private retail traders are under-capitalised for their own goals and expectations. This leads towards over-sizing positions, or attempting to hit home-runs on every trade. It leads to a real “Hero-or-Zero” mentality, which rarely ends well for the trader as they chase outsized returns.

The Trading Industry has recognised this, hence the recent proliferation of Trader Funding companies or Prop-Shops, which look to offer funding for successful traders, in return for a fee, and passing a trading performance challenge.

These tests usually revolve around the trader generating a double-digit return in a month (or over several months) with the trader then being funded to a level dependent on their initial purchase. The funding increases as, and if, their performance continues.

To be fair, it’s a model that can really benefit some traders, if they are prepared for the challenge of a) delivering such returns and b) trading Other People’s Money (OPM).

However, far too many people ‘crash and burn’ because they are not prepared in any way for the challenge. Or they pass the initial challenge and then blow-up when trading other people’s funds at a size that they are not used to.

This is where the VTP Stage 5 comes into play. It’s a 12-week group coaching initiative that will help support traders overcome their funding challenges, and help prepare those who are considering taking such a challenge.

It will consist of 12 weekly Coaching Calls from January to March 2022 providing education, insight and support on winning your challenges, and developing your trading business. As always, it’ll be based on the foundations of the 4M’s of Trading.

You’ll also receive 3 x 30 minute 1-2-1 calls as part of the group in order to tighten up your own trading approach.
By the end of the 12-week sessions you’ll have:

– An understanding of the Prop Shop/ Trader Funding landscape and Business Models

– Greater understanding of whats required to both pass and maintain your funded account

– Insight into whether your own trading method will help or hinder you in a funded account world

– Greater knowledge of your own strengths and weaknesses as a trader and fund manager

– The creation of your own Personal Trading Plan to pass your challenge

– Learning how to manage yourself in order to maintain good performance

– Creation of your own Buddy-Buddy Trader Support Networks to help you in your journey

– Chance to meet and hear from traders who are already operating as Funded traders

As always there’s a cost implication. For the VTP Stage 5 the cost in future will be £750 to join. However as this is the first one, I am offering a discount of £255 to members of the VTP and London Trader Network. The cost will therefore be £495 for the 12 week course

Furthermore, the best student on the course will have their Trading Challenge funded by me, and also receive an additional 4 x 60 min coaching calls to help them (worth approx. £800).

The group will only be 4-8 people and it will be based on a first-come, first-served basis. If you want to talk to us about it then contact me at paul@FXTraderPaul.com to register your interest.

Hi traders,

Thanks to those of you who joined us today for the MMU. We had lots to cover after the moves of last week, and the reversals of this morning.

We covered: FX STAM, IAG ($IAG) EuroStoxx 50 ($EU50) Palladium Futures ($PA) Pfizer ($PFE) and Moderna ($MRNA). Along with the usual suspects of: $DJIA, $NAS, $IWM, $S&P, $FTSE, $DAX, $NIKKEI, $USD, $DXY, $GBP, $CHF, $JPY.

Remember that VTP Stage 5: Transitioning to Funded Trader starts 2nd week of January and you can learn more here: VTP Stage 5

Have a great trading week, and I’ll see you next Monday at 1230.

Trade well,

Paul

You can still join the VTP and access the Online Stage 1 Introductory Traders Course

Our preferred broker is Admirals

You can get a 15% Discount on the Traders Mind Journal using the code: Paul15

Hello traders,

Thanks to those of you who joined us today. We covered: FX STAM, The Hut Group ($THG); Tesla ($TSLA); Financial ETF ($XLF); and Ethereum ($ETHUSD). Along with the usual suspects of: $USD, $DXY, $DJIA, $NAS, $RUS, $DAX, $FTSE, $NIKKEI, $JPY, $GBP, $XAUUSD.

Have a great trading week, and I’ll see you next Monday at 1230.

Trade well,

Paul

You can still join the VTP and access the Online Stage 1 Introductory Traders Course

Our preferred broker is Admirals

You can get a 15% Discount on the Traders Mind Journal using the code: Paul15

Hello traders,

Newbie traders may see the cartoon above and be wondering what on earth that has to do with trading? Experienced traders nod their head sagely and know instinctively how wise the cartoon is.

The longer you trade the more you realise that it is not the market which is your enemy, it is you. The market is just a mirror the reflects your own strengths, weakness, biases and darker elements of your character!

New traders like to think that they trade in a silo, that all they need is a fool-proof trading strategy that will make money for themselves. However with time and experience you realise that it becomes about understanding yourself better and subsequently managing yourself better than before.

That’s why every year I run a two-day workshop based on helping traders raise their self-awareness about managing themselves as traders. The idea is to start to show them their blind spots so they can start to mitigate the risks to themselves.

It’s also about helping you spot the signs of a possible performance slump, and more importantly what you can do to recover when you’re in one (and trust me, everyone has performance slumps as a trader – if they tell you that they don’t then they’re lying!)

On Managing Self and becoming a Money Manager is aimed at helping you evolve in your trading towards professional status, whilst building your own trading business.

It will consist of: – 2 x full days on 18th & 19th November in Central London -plus  1 x follow-up online session For a total of 18 hours working together.

(Please be aware that location may change to online classroom should there be a change in circumstances and environment.)

It’ll will be split into 3 sections namely: managing risk, managing self and the final part on managing money – namely other people’s. 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. It holds you to a higher standard in your own behaviour.

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 long-term aim).

Here is a fine testimonial from a Fund Manager:

“This course will make a huge difference to your progress as a trader….though you may not realise its benefit for 18 months.”

So as always there’s a cost implication: the cost for this stage will be £597. However for viewers of this blog or members of the London or Dublin Traders Network I will be offering a reduced price of £497 for the 2 days.

There are 4 slots left and as always it’s on a first-come, first-served basis. If you’re interested or want to know more then drop me a line. Trade well,

Hello traders,

Thanks to those of you who joined us for Tuesday evenings webinar. Unfortunately Steve Ward was unable to join us due to ill-health.

Nevertheless, Simon provided a great insight into his own journey from retail trader to fund manager, and how Journaling has helped him.

You can check out the Traders Mind Journal here: TMJ

Furthermore Steve and Simon have provided a 15% Discount to readers of this blog – just use the code: Paul15 at the checkout to confirm your discount.

Enjoy the recording, and let me know your thoughts.

Trade well,

Paul

Hello traders,

Thanks to those of you who joined us today.  We covered: $FX STAM, The Hut Group ($THG) Blackrock ($BLK) and State Street ($STT). We also took a look at: $DJIA, $NAS, $S&P, $RUS, $DAX, $FTSE, $XAU, $USD, $DXY, $EUR & $GBP.

Have a great trading week, and I’ll see you next Monday at 1230.

Trade well,

Paul

You can still join the VTP and access the Online Stage 1 Introductory Traders Course

Our preferred broker is Admirals