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Traders are involved with the process of building trading systems to mirror their personality traits (example: Aggressive, Impatient etc). Trading systems not only include the strategy but also incorporate other factors such as Risk management, Increasing Volume, etc. Building independent trading systems is also covered.
Trading is a game of Probabilities and unless traders can look at trading in terms of odds, it isn’t possible to make progress. This concept is discussed in detail and traders are coached in creating an attitude of perceiving the market in terms of probabilities.
Beginner Traders are taught trading while managing risk, keeping in mind that wherever there is a probability of a huge reward, the factor of risk should always be considered and should also be controlled. The factor of accuracy also comes under Risk Management.
Greed and Fear are the two primary emotions that move all markets. Letting your profits run and maintaining a stop loss on every trade are imperative to profitable trading. Traders are taught discipline in implementing these factors on their journey to become profitable traders.
Traders learn to take positions in live markets under volatile conditions such as high impact fundamental events, without panic. Real trades and the analysis behind those trades are shared on a real time basis. Stop Loss modification and averaging at the right levels is part of this process.
During mentorship, traders are coached on executing techniques and back testing all the strategies in order to be able to follow the systems during losing streaks and to control drawdown. This approach enables them to choose the appropriate strategies during trending or sideways markets.