Dhaka slides keys to success

1. The Keys To Becoming A
Profitable Trader…
The UK’s top trading coach shows you the
exact steps to becoming a consistent trader

2. Ali Crooks
The UK’s Top Trading Coach
Trader with 18 years real time experience.
I have trained over 10,000 people
internationally and mentored hundreds
of traders.
Average monthly return of my successful
students is 9.4% ROI.
Author
Trade Live With My Students
Member of CISI

4. Why Listen To Me ?

6. Classic Determining Factor Traps

7. 1. Master The Strategy
2. Master The Market
3. Master Yourself
How are we going to do this….....?
Every Traders Goal….

8. Traders Triad In Detail

9. Traders Triad In Detail

10. Traders Triad In Detail

11. They don’t have a
plan

12. 1. Create A Trading Plan
Know what you are going to do ahead of
time…

13. What your plan should include
• What trading strategies you will
trade?
• Risk Levels
• What tested results has your
strategy achieved?
• Asset Allocation?
• Cut off and review points?
• Time allocation?

14. They don’t have a
strategy !

15. 2. Start with one strategy
Become a master of it before trading
another

16. Strategy Matrix
Price Point
Movement
Breakout
Bounce
Strategy
Type
Breakout
Pullback
Reversal
Trend
Condition
WTT & ATT
WTT
ATT
Position
Characteristics
Early to Mid Trend
Early To Mid Trend
End Of Trend

17. One of my day trading
strategies
• DAX futures – S&P Futures - GBP/USD - EUR/USD – USD/CAD –
USD/JPY
• Corresponding new high or low on 5 minute chart
• Wait for price to pull back to the 21 moving average
• Calculate the distance in points between the high or low to the
21 moving average
• Divide this amount by 2 = stop size
• Work out your stake
• Enter the trade long or short when you hit the 21 moving
average
• Exit or bring your stop to entry when the previous high or low
has been reached

18. • DAX futures – S&P Futures - GBP/USD - EUR/USD –
USD/CAD – USD/JPY
• Corresponding new high or low on 5 minute chart
• Wait for price to pull back to the 21 moving average
• Calculate the distance in points between the high or
low to the 21 moving average
• Divide this amount by 2 = stop size
• Work out your stake
• Enter the trade long or short when you hit the 21
moving average
• Exit or bring your stop to entry when the previous high
or low has been reached

21. Another example

22. They don’t
manage risk

23. 3. Manage Your Risk
You must have a clear plan to manage
trade with a specific risk.

24. Risk Management
Plan
• Decide on your % risk per trade and stick to it
• Day Trading = 1% of total capital per trade
• Swing Trading = 2% capital per trade
• Position Trading = 2% per capital per trade
• 3 trades maximum at any one time
• Calculate your risk based on stop size

25. Stack the reward in your favor

26. They don’t know
their numbers !

27. 4. Know Your Numbers
How their strategy is and has performed
Record a very specific set of data

28. We Create Our Own Process
L – Log
R – Review
A – Amend
R – Repeat

29. WHAT YOU MUST RECORD
• Winner or Loser
• Risk to Reward Ratio
• Maximum Draw Down
• Maximum Exit
• Maximum Retracement
• Hour and day of the trade entry
• Long or short

30. They think they will
make it by “trial and
error” alone

31. 5. Use A Structured
Feedback Process
Ask the right questions
Get the right feedback from the
right people at the right time

32. Who's on your team??

33. Classic Determining Factor Traps
Finding a good broker
Your charting package
The technical indicators you use
What the news is saying
Computer spec
Create a plan
Sticking to one strategy
Managing Risk
Knowing your numbers
Have a structured feedback process