What to Really Look for in Trading Education

Learning to trade can be an expensive and frustrating endeavor. Trading education isn’t cheap. If you are starting out, you could end up buying (and discarding) numerous training courses in the process of learning how to trade. You need to develop a more holistic view of the market. You need to develop your own training curriculum, as opposed to taking a series of disjointed “magic bullet” courses that have you starting at ground zero each time.

Trading Education – What Kind?

Before jumping in to the details about trading education, it’s necessary to narrow down the type of trading we are discussing. There is a lot of useful generic information to be shared regarding trading education, but there’s also a lot of market/timeframe/style specific nuance too.

Retail traders generally aspire to “trade like the pros”. A large proportion of Proprietary Trading Firms push their traders towards spread trading. For various reasons (costs, platform availability, availability of training), very few retailers spread trade. The focus of this article is trading outright “directional” positions intraday. Buy to sell higher. Sell to buy lower.

Believe in What You Are Doing

In order to enter and manage trades consistently, you need to believe in what you are doing. If the trading education you get is not still believable after a losing run, you are going to run into problems.  You need a firm conviction that when you buy, others will buy after you. You need a firm conviction that you will exit your trade when you know your trade is not working. No holding and hoping just in case.

Most retail traders start out looking for a “setup”, a set of mechanical rules that tell them when to get in and when to get out. They have little concern over why other traders would buy after they did or sell after they did. When it goes wrong, the setup is to blame. After a run of losses, confidence is shot and the trader is short on solutions.

They can’t fix the setup because they have no idea why it might have worked in the first place.
Traders need a theoretical framework to work within, to have confidence in the tenets of how the markets work. This comes before they even start to think about where to get in and where to get out.

Why Comes Before How…

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Jigsaw Trading
After suffering a 30% drawdown at the hands of “independent financial advisors”, Peter started trading in the early 2000’s, figuring there was no point in paying people to lose money for him. By 2005, Peter was day trading NASDAQ stocks and later discovered the value order flow. He struggled with the way order flow data was presented so designed tools that organized Order Flow information more rationally and Jigsaw Trading was born. Those tools are now the #1 ranked software on Investimonials.com.
Today Peter spends his time trading and helping other traders through the Jigsaw community, articles and free one on one sessions.
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Jigsaw Trading

Jigsaw Trading

After suffering a 30% drawdown at the hands of “independent financial advisors”, Peter started trading in the early 2000’s, figuring there was no point in paying people to lose money for him. By 2005, Peter was day trading NASDAQ stocks and later discovered the value order flow. He struggled with the way order flow data was presented so designed tools that organized Order Flow information more rationally and Jigsaw Trading was born. Those tools are now the #1 ranked software on Investimonials.com. Today Peter spends his time trading and helping other traders through the Jigsaw community, articles and free one on one sessions.

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