June 2019 Special: Trust the Process
It is conventional wisdom that traders who are profitable over the long term have learned or developed a system that gives them a consistent edge in the markets. While true, many traders focus on creating and tweaking one or more outcome-centered systems, neglecting the underlying process. I have been teaching and coaching individual and institutional traders for over a decade, and have observed that the best traders concentrate their efforts more on process than results, allowing them to continuously improve their systems over time. In Trust the Process, I will show you how to develop a personal process that incorporates the essential, recursive habits of top traders. These materials should benefit traders at all levels of experience.
During these three two-hour sessions, we will cover:
Filtering - This is the key ingredient of the Trading Process. How do we identify the best potential trade candidates without spending inordinate amounts of our precious time? We will focus on weekly filtering for long-term positions and more frequent filtering for short-term swing positions.
Creation of a Watch List - While most traders maintain watch lists, the latter tend to become clogged with too many choices when markets are trending. How do we keep our watch lists fresh and actionable in the most time-efficient manner?
Variance - Examination of the inevitable variance between the execution of a trading plan and the underlying rules is a *must* for your trading process. We will review the central importance of this concept, how to check for variance BEFORE we put on a trade, as well as how to track variance in real time.
Bookkeeping - as with any performance-oriented enterprise, we traders need to keep good records of how we are doing. Many traders do not do this consistently, and many others do not track some of the most informative variables and statistics, including variance. I’ll be presenting best practices for this foundational element of the trading process.
Post-Analysis - post-analysis of our trades is central to continuous improvement and profitability. We will cover how incorporating variance into our post-analysis process can lead to superior adjustment of our system(s).
These webinars will be recorded and made available to participants on a password-protected web page for a full year after the course ends (i.e., until July 1, 2020), with an option to extend access for another year for a nominal fee.
When: May 27, June 3 and 17. All sessions will be conducted from 3:00 - 5:00 p.m. (PDT).
By popular request, you can now buy previous versions of the June 2019 Special: Trust the Process.
Click here for a description of the May 2018 course: Upgrading your Trading Plan through Visual Back-testing and Validation.
Click here for a description of the May 2017 course: Back-testing and Validating Your Trading Plan.
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Roman Bogomazov is a trader and educator specializing in the Wyckoff Method of trading and investing, which he has taught for the last five years as an Adjunct Professor at Golden Gate University in San Francisco. He is also President of Wyckoff Associates, LLC, an enterprise providing online Wyckoff Method education to traders throughout the world (www.wyckoffanalytics.com). Using WyckoffAnalytics.com as a thriving trading community platform, Roman has developed a comprehensive educational curriculum covering basic to advanced Wyckoff concepts and techniques, as well as visual pattern recognition and real-time drills to enhance traders’ skills and confidence. In the last 3 years alone, Roman has conducted over 700 classes and presentations, and has taught collaboratively with many Wyckoff experts and traders. Roman is considered a teaching authority on the Wyckoff Method by traders around the world. A dedicated and passionate Wyckoffian, he has used the Wyckoff Method exclusively for his own trading for the last 20 years. Roman has also served as a Board Member of the International Federation of Technical Analysts and as past president of the Technical Securities Analysts Association of San Francisco.
Important Disclaimer: There is a very high degree of financial risk and loss involved in trading securities. You understand and acknowledge the existence of this risk and also that YOU ALONE ARE RESPONSIBLE FOR YOUR OWN TRADING AND INVESTMENT DECISIONS AND RESULTS. The materials presented and discussed in this online course are for educational purposes only; nothing contained therein should be construed as investment advice. Roman Bogomazov ("Presenter") is not a registered investment advisor or broker-dealer and does not purport to recommend or suggest any specific trades or investments in stocks, bonds, e-minis, futures, options, currencies or any other financial instruments or markets. Presenter assumes no responsibility or liability of any kind for your trading and investment results. It should not be assumed that any trades or investments described or discussed in this course were, are, or will be profitable.