Traderwizard.com courses: A Taoist Trader
Having collected questions over a few days, I'll post summary of answers for each course offered at this point. Those who sent questions, check your messages for answers to your particular one, and these posts for the summary. Let's start with A Taoist Trader.
What it is about.
This course deals with the markets and trading from three major standpoints.
- How market works. What forces move the market and how they interact between themselves; how to read their footprints. Market cycles and how to read them. Information flow - who and how organizes it and for what purposes, how to utilize it instead of being naive victim of entities with agendas. Major laws governing the market movements - how they manifest themselves and how to foresee their influences. How to act in accordance with these laws to stay safe and profitable.
- How other market participants work. What factors impact crowd's reactions; how majority reacts; how to read those reactions; how to foresee them; how to utilize them. How Smart Money provoke certain reactions; how to read their actions and utilize them.
- How you work. What reactions Smart Money tries to provoke in you. How to prevent it from succeeding. How to separate your actions from emotions. How to stop being a part of the crowd manipulated by the information flow and its originators. How to align yourself with laws governing the markets.
Who is it for?
Anyone who is involved with market. If you ever caught yourself puzzled by market's unforeseen reaction on what seemed to be a "sure thing," this course is for you. If you ever felt overly emotional about any development; had your judgement clouded by these emotions; acted against your better judgement and best interest; allowed a loss to get of hand; forfeited a chance to cash out on substantial profits letting them evaporate; felt fooled by market actions - this course is for you.
Is it time frame dependent?
Not at all. Whether you day trade, hold for weeks, months or years - this course is for you.
Is it trading vehicle dependent?
Not at all. Whether you trade stocks, futures, currencies or commodities, the major laws and psychology of the participants is the same.
Does it require preliminary knowledge of Taoism to understand the material?
No. Each chapter starts with brief explanation of the corresponding Taoist text. These explanations do not intend to make you a Taoist practitioner. They rather create a bridge allowing to see how the markets obey general laws of nature; they create a structure that streamlines your learning of trading craft.
You are famous for numerous mistypes and general butchering of English. Is it the case with this course?
No. It's professionally edited.
(OK, this one is a joke, no one actually asked that - strange as it may be).
Hope that answers most questions; ask more if needed please.
Back to A TAOIST TRADER.
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