Lano
|
Cheetah Trader "Pre-Season&quo...
Star this Commitment
Week 4 of 4
Lano commits to:
I commit to giving 100% to the Cheetah Trader "Pre-Season" Training Camp
4
0
No more reports due
|
My Commitment Journal
 Lano
November 2, 2014, 8:50 PM
|
|
|
My dones for Today I reviewed all the notes i made during the week of Jared Martinez, lessons 1 and 2... I also altered my schedule for the new week. |
|
|
Lano
November 1, 2014, 7:26 AM
|
|
|
Lesson two of Jared Martinez Support and Resistance I learnt about a What is a high and What is a low A high is a candlestick formation where either the body or the wick of a candle is higher than the two candles on the left and the two candles on the right. This is the same with the low, except it's the other way around. Not all highs and lows are levels of support and resistance. Resistance is a high and a price level where bears start selling enough to interrupt and reverse the uptrend. Support is a low and a price level where Bulls start buying enough to interrupt and reverse a downtrend. I learnt about what a trading range is, where to put my protective stop loss when buying and selling. |
|
|
Lano
November 1, 2014, 7:14 AM
|
|
|
on Just now My dones for Yesterday I completed video 1 and started video 2 On video 1, I learnt about Japanese candle sticks. A buyer is bidding for a lower and sellers are asking for a high price. I learnt about Slippage and the rules for entering the market. When you buy above the market, It's a Stop Order When you sell above the market, It's a Limit Order When you buy below the market. It's a Limit Order When you see below the market. It's a Stop Order Ordering rules for buying and selling: Every entry should have 2 exits. There is always an entry price and you need to exits. An exit at your stop loss and an exit for your profit. What do successful traders DO 1. Successful traders will take the time to properly educate themselves, before they get into the market. 2. They will find out how to financially protect themselves in the market. Successful traders first and foremost focus on capital preservation. They want to hold onto their income and they want their income to make more money for them. They educate themselves to use their income to make more income. There are 2 ways to learn how to pay for your education. 1.Luck 2.Mentorship: Acquiring a mentor is like buying a map to a gold mine. Work with a mentor to learn how the market works, learn where to get in and where to get out. All successfull trader should have a Mantra 1 I will educate myself on how the market works. 2 I will learn how to find and place a trade 3 I will trade with equity management 4 I will never trade without a protective stop loss 5 I will not chase the market 6 I will be patient 7 The market has to meet my criteria, if not...NO TRADE. This is only from video 1. I will post my learning from video in a new post |
|
|
Lano
October 30, 2014, 9:11 PM
|
|
|
My dones for today I started learning Jared Martinez Spent 45 min on video 1. I learnt about what forex is. The opening and closing of the Asian, European and U.S markets and how they overlap each other. I learnt about the 6 Investment choices which are the 6 major currencies to trade as well as the 4 trading strategies which are: 1. The market goes up 2. The market goes down. 3. The market goes sideways 4. Reversal. I learnt about the two types of traders 1. Consumer trader 2. Speculator There are day traders and Over night traders or Position traders. I learnt about pips and points and currency lots and leveraging. I learnt about charts and candle sticks as well as buyers and sellers |
|
This Commitment has no photos.
Displaying 1-4 of 4 results.
October 27 to November 3
Successful
Success
Success
DFarrell
- Referee approval report
Lano
- Committed user success report
October 20 to October 27
Successful
Success
Success
DFarrell
- Referee approval report
Lano
- Committed user success report
October 13 to October 20
Successful
Success
Success
DFarrell
- Referee approval report
Lano
- Committed user success report
October 6 to October 13
Successful
Success
Success
DFarrell
- Referee approval report
Lano
- Committed user success report
.
