The goal of Level 3 is to expand and hone intraday trading skills and setups introduced in previous 2 levels.
You will learn to:
- use statistical averages for adjusting your stop losses to the current volatility of the products you're trading
- use early exit rules and realtime developments efficiently to either stay in or to exit a trade
- understand which fundamental releases should be avoided and why - not every news release is 'the enemy'
- to recognise when taking a countertrend trade is safe and when it's dangerous
- to optimise your own entries and use data from your own experimentation to increase profit targets or minimise stop losses to a better trading performance
- use very small timeframes and how they differ from 'regular' timeframes that have more trading information inside
This course is the final step for those who wish to step into proprietary trading industry. Prop trading firms help you to scale your existing capital for a fraction of the initial investment.
For that, you need a solid approach that speaks to your mastery of risk management and strategy design as well as understanding how to create a business plan in light of metrics that the prop firm sets out for you to follow during the assessment period.