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A Quick Word from Louise Well, due to popular demand, here are a list of topics that we'll be covering in the Mentor Program during the first 12 weeks. Frequently Asked Questions Firstly, for more information about the new program, click here for our FAQs. This page will hopefully give you a broad perspective on how we're structuring things. In general terms, I post a summary on a Friday or Saturday of each new week. I also post up the following week's resources on one of those days too. I suggest that to keep up with the Program, aim to start the new week's resources by the Tuesday of each new week. Try not to slip behind because this will interrupt your focus. We're bursting with excitement about the new program, and we've been flooded with enquiries. The competition to get into the course was fierce when we finally flashed the 'green light' and opened the program. So, here is exactly what we'll be covering... Chat soon!
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Mentor Program - The First 12 weeks with Louise
*Any item in red signifies a video or a podcast multi-media module.
Initial Meeting - June 12, 2010
Each new mentoree will take home a brand new, never before released audio CD called 'Get a Trading Plan', so they can listen to it on the way home. They'll also be given course notes with basic info about the course.
Week 1 - June 12 - June 19 - Introduction, Disaster Recovery, Structure, Role of a Trader
Team building and Introduction – definitions of key terms, how to use forum, etiquette, groups and using past mentorees as a resource, intro into how Louise sees the world of charting.
Video: Data Backup and Disaster Recovery – Video interview with Mark Snell.
Podcasts: Accounting Structure and Trading and Investing – Audio podcasts with Louise Bedford and Jason Cunningham.
Podcasts: Role of a Trader – What do you do all day? Trading routines. Audio podcasts (1) with Marc Otvosi (2) with Alan Hull.
Week 2 - June 20 - June 26 - Objectives, Setups and Triggers, Metastock Introduction
Podcast: Scott Lowther and Metastock
Video: Scott Lowther on how to use Metastock - Complete series in one video.
Extracts from The Secret of Candlestick Charting DVD program.
Video: 1-line Candle Patterns - Recognising setups and identifying entry triggers.
Video: 2-line & 3-line Candle Patterns - Recognising setups and identifying entry triggers.
Video: Macro Patterns - Recognising setups and identifying entry triggers.
Video: Trading Strategies - Utilising your setups and triggers.
Week 3 - June 27 - July 3 - Stops and Position Sizing
Video: Getting Started and Setting Stops - Important information on surviving the markets and retaining profits through the use of stop losses. Complete how-to for setting a stop loss.
Video: Position Sizing - The importance of position sizing is explained and how to size your positions correctly to maximise your profits and limit your losses.
Videos: Scott Lowther on how to use Metastock - These are the first 5 individual tutorials taken from the complete series video presented in Week 2.
Week 4 - July 4 - July 10 - Pyramiding & Consolidation of Concepts
Video: Pyramiding - How to effectively add money to a winning trade and how to use a trailing stop loss to protect your profits.
Pdf for downloading - Test Your Skills
Video: Test Your Skills - test your knowledge gained from the videos in weeks 3 and 4 (not including Metastock videos).
Podcasts: Back-Testing and You - Louise interviews Scott Lowther on this topic
Mechanical trading – Louise Bedford and Gary Stone talk about why you should trade mechanically.
Videos: Scott Lowther on how to use Metastock - Next 5 individual tutorials taken from complete series video.
Week 5 - July 11 - July 17 - Revision and Opportunity International
Revision of topics covered so far.
Video: Opportunity International - Richard Fakhry and Laura McKenzie from Opportunity International talk about the remarkable positive impact micro-finance assistance makes to the lives of others.
Week 6 - July 18 - July 24 - Choosing a Platform
Choosing a platform for trading e.g. IG, CBS, CMC, Etrade and start paper trading.
Demo platform download
Video: Interview - with Peter Camilleri - CBS
Video: Interview - with Caroline Semisi - CMC
- Comsec and Etrade - LB
- IG - past mentorees
Chris Tate to finish off week's discussion.
Videos: Scott Lowther on how to use Metastock - Next 5 individual tutorials taken from complete series video.
Weeks 7 & 8 - July 25 - Aug 7 - CFDs
Video: CFDs intro and discussion with Chris Tate
Trading with leverage - pitfalls and advantages
Video: CFD Position Sizing
Week 9 - Aug 8 - Aug 14 - Trading Psychology
Video: Trade for Your Life - Are you ready to trade full-time? Top 10 mistakes traders make.
Podcast: Stefan interview - How to handle losses, a life-shattering experience.
Video: Interview – Video interview with Peter Cook, world champion power-lifter. An athlete’s perspective.
Videos: Scott Lowther on how to use Metastock - Next 5 individual tutorials taken from complete series video.
Week 10 - Aug 15 - Aug 21 - Trading Plan Design
Podcast: Designing a trading plan – Tom Ede’s 1st lesson interview podcast.
Designing your own trading plan.
Video: Mark Bull – Focus and Skill - Video interview with Mark Bull.
Week 11 - Aug 22 - Aug 28 - Intro to Options
Video: Introduction to Options – Louise presents an intro to option trading.
Podcast: Jackie's Option Trading Plan – Louise dissects Jackie’s option trading plan.
Videos: Scott Lowther on how to use Metastock - Last 3 individual tutorials taken from complete series video.
Week 12 - Aug 29 - Sept 4 - Transition to Chris Tate's section of the Program
Revision and commentary on trading plans.
Video: Life After the Mentor Program – Video interview with Colin Simpson.
Final meeting for my section and set up for Chris Tate's 12-week section.
Meeting Dates
For the June 2010 Mentor Program, the first meeting is on Saturday, June 12th, 2010 in Melbourne from 9.00am - 12.30pm. So, it's for half a day. Then, we’ll have another meeting in Melbourne roughly 3 months after that which will last for a full day (September 4th), and a final meeting near the end of the program (November 27th).
What's Next?
After the first 3 months, Chris Tate will build on the foundation you have established in my part of the Program.
His section of the program is more organic in nature, and not structured on a week to week basis. His 3 months are based on the needs of the group, and where the discussions lead to. He focuses on money management, and instruments to a greater degree - building on the Foundation section of the Program. Some groups end up spending 3 weeks on FX for example, whereas others just spend a few days and then move on. Here is a list of topics that Chris will cover:
Topics
Brief review of foundation material
Definition of points within a trading system
Revision of Set Up and Trigger concepts
Activity does not equal profitability exercise
Definition of trading time frames
Introduction to Index Trading
Analysing long term moves
Defining mechanical set ups
Defining mechanical triggers
Basic System Composition
Introduction to money management
Basic Macro System Parameters
Basic Automated Buy /Sell Signal Generation
Application of automated signals to non equity markets
Automated explorations
Application of automated signals to differing time frames
Money Management for non equities
Refining the use of leverage
Introduction to shorter term systems
Advanced options
Advanced money management
System integration
Commodities trading
Designing trading logic systems
Application of systems to continuous markets such as FX
Performance measurement systems