Learning Objectives:
- Understand different trading styles and approaches
- Master basic order types and execution
- Learn to use trading platforms effectively
- Develop basic position sizing skills
- Understand the difference between paper and live trading
- Trading Styles and Approaches
- Trading Timeframes
- Day trading
- Swing trading
- Position trading
- Long-term investing
- Trading Methods
- Trend following
- Mean reversion
- Breakout trading
- Range trading
- Account Types
- Cash accounts
- Margin accounts (we don’t recommend, because this is how you can blow up your account).
- Retirement accounts
- Trading requirements for each
- Order Types and Execution
- Basic Orders
- Market orders
- Limit orders
- Stop orders
- Stop-limit orders
- Advanced Orders
- Trailing stops
- One-cancels-other (OCO)
- Bracket orders
- Good-til-canceled (GTC)
- Order Execution
- Best execution practices
- Fill prices
- Slippage
- Transaction costs
- Trading Platforms
- Platform Selection
- Desktop platforms
- Web-based platforms
- Mobile trading apps
- Feature comparison
- Platform Tools
- Charting capabilities
- Watchlists
- Alerts and notifications
- Order entry methods
- Data Feeds
- Real-time vs delayed data
- Level 1 and Level 2 data
- Time and sales
- News integration
- Practice and Implementation
- Paper Trading
- Simulator setup
- Strategy testing
- Performance tracking
- Common pitfalls
- Live Trading Transition
- Account funding
- Position sizing
- Risk management
- Record keeping
- Trading Journal
- Trade documentation
- Performance analysis
- Strategy refinement
- Lesson implementation
Glossary of Key Terms:
- Market Order
- Limit Order
- Position Sizing
- Leverage
- Price Action
- Time Frame
- Position Size
- Margin
- Leverage
- Slippage
- Fill Price
- Commission
- Short Selling
- Day Trading
- Spread
- Level 1 Data
- Level 2 Data
- Time and Sales
- Paper Trading
- Trading Journal
- Drawdown
- Entry Point
- Exit Point
- Stop Loss
- Take Profit
- Average True Range (ATR)
Assessment Methods:
- Trading platform simulation exercises
- Order type practice scenarios
- Trading style analysis project
- Paper trading competition
- Final module assessment
Resources Provided:
- Trading platform tutorials
- Order type flowcharts
- Position sizing calculators
- Trading journal templates
- Sample trading plans