Professional Trader Course Course Type: On Location, Online (both with Lifetime Retake Option) Duration: On Location - Part 1: 2 days, Part 2: 5 days, Days are approximately 6.5 hours
Online - Part 1: 4, 3-hour sessions, Part 2: 10, 3-hour sessions
Overview Online Trading Academy’s unique, proprietary, award-winning market timing strategy is taught in the Professional Trader course. To be successful in trading you must have an “edge,” and the core strategy you will learn in this course will give you that edge through dynamic skill-building lessons and hands on live-market trading sessions with real money … OUR money. We absorb all losses and commissions, leaving you to focus on proper rule-based strategy.
Why trade the Stock Market? Liquidity – Strong liquidity allows for immediate execution with minimal slippage Price Range – Many stocks with different price points allows you to trade a stock in a
comfortable price range Commissions – With commissions as low as $0.05 per share, the transaction cost for
execution is minimal Market Information – Popular with the media, an abundance of information is available on
most equities Flexibility – Broad markets and major sectors allow flexibility to trade individual companies or
major indexes Diversification – Ability to trade Exchange Traded Funds (ETF) offers diversification (GLD) Risk – Ability to trade very small position size (10 shares) while learning to gain real trading
experience
Audience This course is designed for students of all experience levels who are serious about becoming a professional trader. trader.
Prerequisites
Online Student Orientation and the Platform Orientation are recommended pre-requisites for this course. No trading experience is required.
Format Each day's agenda contains 2-3 powerful and fully interactive lectures led by a professional trader combined with 1-2 live trading and analysis sessions focusing on market analysis and trade execution.
Maximum 22 person capacity providing individual attention from your instructor Each student is provided a classroom computer where they learn in a hands-on environment for optimal learning Students are provided trading accounts funded with real money where they trade with live data in either simulation or live mode. Online Trading Academy absorbs all of the losing trades and commissions, providing the student with a real to life environment for executing trades.
Course Objective To clearly understand and properly execute Online Trading Academy’s rule-based Core Strategy in order to attain short term income and long term wealth.
Detailed Course Outline
PART 1, DAY 1 Trading Foundation
The zero sum game – Trading is a transfer of money from those who don’t know how the markets work, to those who do. Unlock the truth as you learn to identify two types of traders and recognize their activity on a price chart. Basic Concepts and Terminology
Gain a clear understanding of key trading concepts (including S.E.T.ing a trade, understanding the two primary account types and more) and familiarize yourself with standard industry terms and specific Online Trading Academy terms. News and Economic Reports
As a trader, your world is highly dependent on the economic calendar. This segment will teach you how to manage and leverage the impact of key market and economic reports on your trading. The Flow of Trading
Learn how information and money flow in trading by understanding the role of specific people
and entities. Various products associated with trading as well as the importance of direct access trading platforms will also be covered. Charts, The Window Into the Market
The Power of Price - Any and all influences on price are reflected in price and displayed on price charts. Gain a solid foundation on how to navigate and manipulate charts, timeframes, and recognize Online Trading Academy specific price action patterns. Core Strategy Foundation
Day one’s learning objective is centered on this introduction to Online Trading Academy’s core strategy, which is the basis for the rest of the course. Learn the approach to identifying market turning points, identifying where the institutions and banks are buying and selling, and how to recognize opportunity on a price chart. Core Strategy Setups and Zones (The WHERE)
Introduction to Buy Setup and Sell Setup and the focused action to take when each specific setup is identified. Setups are documented using zones that establish the foundation for a simple rule-based strategy based on a 3-Step Zone-ing method. Core Strategy Trends (The WHEN)
Explore the two attributes of a Trend, Direction and Momentum, and how these are used to determine when to buy and when to sell. Look at the four stages of a trend and learn trendanalysis basics using three different approaches to help in strategic decision making for entering and exiting trades.
PART 1, DAY 2 Core Strategy Entry Types and Proper Exit
The three components of a trade are contained in the simple acronym S.E.T. (Stop, Entry, Target). Our core strategy contains three entry types; Limit, Zone and Confirmation Entry. Gain a solid understanding of these entries, as well as two important ways to exit a trade with Stops and Targets. Odds Enhancers
Odds Enhancers are Online Trading Academy’s proprietary scoring system for objectively measuring the quality of trading opportunities. Three powerful Odds Enhancers that will provide you with “the edge” over the trading competition are covered. Trade Management
This segment focuses on having a plan before you enter a trade and will provide you with two present trade management plans that you can build upon. How you manage a trade will affect the dynamic between winning percentage and profitability. Order Types
Learn the purpose of four different order types and the pros and cons for each order type. Order types include: Market Order, Limit Order, Stop Market Order, Stop Limit Order
Bracket Orders
This portion of the course focuses on properly setting up a Bracket Order, which offers the trader the benefits of not having to sit in front of their computer and minimization of trader emotion. Risk Management
There are five outcomes when trading and this segment will give you a clear understanding of each outcome and how to eliminate risk for the best chance of becoming a successful trader. Multiple Time Frame Analysis
Multiple Time Frame analysis is essential in identifying high probability, low risk, and high reward trading opportunities. No matter what style of trader you are, you will utilize three specific chart timeframes with purpose and focus. Putting It All Together
All of the detail covered in the first two days of this class will be put together in a simple, organized, strategic step-by-step action plan that allows trading with a simple, yet powerful rule-based strategy!
PART 2, DAY 1 Core Strategy Review
Professional Trader Part 1 is THE education foundation for your trading regardless of the asset classes you trade or the timeframes and style you trade or invest. Learn important building blocks that will stay with you throughout your educational experience with Online Trading Academy. More Terminology
In the early stages of your education you will broaden your personal glossary of important terms. In this section you will gain additional terms such as; Level 1, Level 2, NASDAQ Total View, Market Makers and ECN. Order Type Review
This five-day course will launch you into action and allow you to start trading. This section will provide learning reinforcement on Limit Orders, Market Orders, Stop Market Orders, Stop Limit Orders and Bracket Orders. Live Trading Lab Sessions
Four Live Trading Lab sessions, plus daily access for the remainder of this course, will enable you to apply the knowledge you’ve gained. Using a classroom student computer you will access live data while trading real-money … OUR money. We absorb all losses and commissions, leaving you to focus on trading execution in a very structured lab session.
PART 2, DAY 2
Position Sizing
Introduction to terms such as “Position” and “Size”. You will learn how to objectively determine the size of your positions using a simple mathematical calculation, as well as gain an understanding of the value of Objective Risk Management. Stock Selection Process
You will learn how to navigate through thousands of individual equity market possibilities to create a watch list, and then implement a very structured top down analysis that helps you to focus on the right markets with the lowest risk, highest reward, and highest probability trading opportunities. Tax Strategies
Gain an understanding of the importance and power of various tax strategies for Traders and the considerations you need to make that will help you manage and optimize your trading efforts and maximize your profit potential.
PART 2, DAY 3 XLT Live Trading
XLT stands for the Extended Learning Track graduate program at Online Trading Academy. This online program extends the time our graduates have with their instructors and their fellow students. By providing a 90 minute XLT session specifically for the students in the Professional Trader Course, it allows students to experience our graduate program firsthand. Technical Indicators
Improper use of technical indicators is one of the biggest reasons traders fail! Although indicators are not the primary tool used in Online Trading Academy’s Core Strategy, when used properly, they can serve as a secondary support tool for confirmation in taking a trade. Trading Gaps
Gaps are the most obvious way to identify where the next big market move will begin and produce some of the lowest risk, highest reward and highest probability trading for our students. You will gain an understanding of the difference between an OTA Novice-Gap vs. an OTA Pro-Gap, a key component of our rule-based, market timing strategy. Ten Laws of Trading
The Ten Laws of Trading are absolutes that should be a part of every trader’s trading plan. They provide the foundation for becoming a focused, well-rounded, disciplined professional trader. Odds Enhancers #4
Odds Enhancers #4 measuring “Fresh Levels”
PART 2, DAY 4
Trader Time Zones
Knowing the three key price reversal times in the market every day and combining them with OTA’s Core Strategy will help stack the odds in your favor. Momentum Trading Tactics
Momentum trading allows you to participate in a strong market move after it is under way. You will learn the rules and skills to take advantage of momentum moves while still properly managing risk and reward. Market Traps
You are constantly exposed to buy and sell signals from a variety of sources that invite you to take action in the market place. Many of these invitations are traps, risk disguised as opportunity. You will learn how to recognize and steer clear of the traps and take advantage of the opportunity. Mastering the Mental Game
The human mind is conditioned from birth to naturally gravitate toward that which makes us feel good and stay away from that which makes us feel bad. Taking this action in the markets is a recipe for consistent losses. This course provides you with the proper tools to handle those natural emotions and the actions that stem from them.
PART 2, DAY 5 Live Trading Skill Test
Trading is more than knowledge; it is an acquired skill. This test provides the instructor with confirmation that his/her students comprehended the concepts and executed the skills taught throughout the course. Final Exam
A comprehensive exam covering all 7 days of both Part 1 and 2 of the Professional Trader Course Ten Survival Skills
These 10 survival skills go hand in hand with the 10 Laws of Trading and should also be represented in your trading plan and serve as a reminder and a focus point. Class Survey and Graduation
Each student completes a survey of their entire education experience, providing Online Trading Academy with valuable feedback in every area of the educational experience. A graduation ceremony will celebrate your completion of this course!
