Emotions can drive our behavior both positively and negatively. Learning how to manage those emotions when we are under pressure plays a large role. Emotional intelligence lays the foundation that will slowly, but surely, build you up to excel in your trading career.
- Self Awareness
The art of understanding yourself
- Self Motivation
Motivated for internal reasons rather than external rewards like gaining wealth, respect, or fame. Working towards personal goals, for personal reasons
- Analytical Mind
Become a deep-thinkers who can analyze and process all new information. Be curious and open-minded, and explore all possibilities
Practicing mindfulness helps to build and maintain your emotions. Reducing or eliminating your distress when faced with tense situations
- Self Actualization
Coming to a full realization of your potential, and your true self
The flexibility in handling change in the markets Remain open-minded and prepared. Don't be afraid of change. It's a fact of life, be quick to adapt
Taking responsibility for personal performance. Learn from the failures and just keep moving
- Money Management
Manage your money without letting your emotions get in control
- Self Regulation
Staying in control, holding yourself accountable, and practicing being calm. Prevent yourself from making rushed or emotional decisions
- Analytical Mind
Become a deep-thinker who can analyze and process all new information. Be curious. open-minded, and explore all possibilities
- Taking Initiative
readiness to act on opportunities; persistence in pursuing goals despite obstacles and setbacks.
Show up. Do your best. Stay committed, and never give up.
When you lose patience throughout your journey it can lead you to give up or make rational decisions. It can often mark the beginning of a downward spiral. Feeling the pressure, more mistakes may be made, and perhaps more losses occur. Mentally, traders lose focus and take themselves “out of the game.”
Mental fortitude is defined as the ability to focus and execute solutions when you are faced with uncertainty. Here’s how we incorporate it:
The ability to focus on and execute your trading plan with MILITARY PRECISION, even in the face of constant temptation.
- High Value Actions
Know what trading actions are important to take. Identifying sound trade setups and solid entry triggers.
- Resource Allocation
Managing yourself in a manner that supports your strategic goals in the market
- Optimal Problem Solving
Develop a system for problem solving. Obstacles can be resolved in a more methodical and constructive manner. Strengthens strategy, productivity, and performance.
- Goal directed behavior:
Shaping, changing and maintaining your behavior in order to increase your productivity.
How we process information when we are at our best and worst. The idea is to turn strengths into habit patterns and habit patterns into robust processes.
identify trends, patterns, strengths and weaknesses within your own trading by evaluating the health of the market.
Shut out the noise and concentrate intensely for long periods of time.
Value fair-mindedness, respect evidence and reasoning, respect clarity and precision, look at different points of view and will change positions when reason leads them to do so.
Gather up the relevant informational inputs, evaluate them and compare them against certain criteria, and then we decide what to do.
Proper patience is needed throughout the life cycle of the trade, at entry and while holding and exit.
The Magic Pill
The secret, magic pill that enhances your trading: Meditation.
Trading indoctrinates are the branches of knowledge that every trader should be aware of.
Starting off with beginner basics, and working our way up from there.
It's important for our students to understand these trading principles that provide them with a better understanding of whats going on in the market, limit risk, avoid major losses, and take every important concept into consideration.
- Understanding The Market
Determining how the market works and how to get clear understandings of whats going on.
- Company Fundamentals
Focusing on company-specific events to determine which stock to buy and when to buy it.
- Market Corrections
Discover what factors trigger a correction, and how to use charts to predict and track one.
Picking quality stocks and promises potentially better returns in the future. Combines value, growth, fundamental, and technical analysis.
- Trading Platform
Used for opening, closing, and managing market positions through a financial intermediary. We provide our students with a full walk-through of several different platforms.
The flexibility in handling change in the markets Remain open minded and prepared. Don't be-afraid of change. It's a fact of life, be quick to adapt.
- Technical Indicators
A trading discipline employed to evaluate investments and identify trading opportunities through analysis of data.
- Risk Management
Prevent major damage to your trading account when suffering from a loss.
- Level 2: Time And Sales
inside track to the traders behind a stock’s price activity. Determine how a stock’s direction will change in the near future.
- Price Action
Allows a trader to read the market using the movement of price as input for making trading decisions.
- Chart Reading
Quickly recognize when a stock is being heavily bought or sold — and you'll use that information to identify the best time to buy, sell or hold your stock positions.
- Chart Patterns
A pattern within a chart when prices are graphed - represent a visual reflection of the supply and demand in any given market.
At Stock Market Base, we call this: Showtime! Trading processes are the requirements needed in order to get the ball rolling with your trading career.
Each trading process builds upon the principles mentioned earlier.
Executing a proper trading plan, finding an edge in the market, conducting market research, managing trades is all a part of our students' processes.
- Trading Strategies
A trading plan that specifies investing objectives, risk tolerance, time horizon, and tax implications.
- Trade Management
Finding a set-up, determining allocation size and planning out the trade, then executing entry, monitoring and exits.
The process of searching for companies that meet certain financial criteria - Benzinga, trade ideas
- Self Motivation
Motivated for internal reasons rather than external rewards like gaining wealth, respect, or fame. Working towards personal goals, for personal reasons.
- Building A Watch-list
keep up with all the developments, financial information and price changes of all the stocks in your portfolio
Optimize and improve trading strategies, find any technical or theoretical flaws, develop confidence in trading strategy
- Long Term Success
Make short-term sacrifices for long-term success. Trading is a marathon, not a sprint!
- Swing Trading Walk-through
- Day Trading Walk-through
- Trading Set-Up's
- Creating a Powerful Routine
- Chart Set-Up's