Pristine Trading Lab - Part II
One Week Advanced In House Training Program
An
advanced Laboratory for Active Swing Traders, Day Traders
and Investors
Who Have Taken Trading The Pristine Method® Part II
Elevating
Your Understanding of Crucial Trading Principles
to the "Unconscious Competence" Level
Daily
Lesson Schedule (This
schedule may be modified to align certain topics with the
market activities of the trading day. "Real life" examples
will be used whenever possible.)
|
Day
One - Focusing on
Quality Patterns! Pristine
has found that if experienced traders can focus only
on the best of the best patterns, a significant amount
of losses can be avoided. This may mean remaining
sidelined a great deal of time, which is fine. Trading
is all about trading high-odds patterns, with generous
reward-risk, timed with the broader markets and internals.
Therefore, the focus of this day (and really the
entire LAB2 and the rest of your trading career),
we will help walk you through a very objective, disciplined,
and systematic trade approach using both technicals
and various “questioning” exercises to
help you filter out the very best patterns.
- Course overview, objective, and introductions
- Pristine Trade Question Worksheets (Pre-Trade
and While in Trade)
- Candlesticks Analysis
- Support and Resistance and transfer of supply
- Trend Quality and Bar-By-Bar Analysis
- Interactive exercises and quizzes
- Review Trading Plan
|
Day
Two - Focusing
on Quality Trends! In Day One, we started the development
of a foundation for a very objective, disciplined,
and systematic trade approach using both technicals
and various “questioning” exercises
to help you filter out the very best patterns.
At this time, through your Trading Plan, you should
know exactly the trade patterns that you trade,
and on what time frame. Today we build on that
foundation by focusing on COMPELLING Trade Patterns.
|
Day
Three - We have concentrated our efforts on focusing
on quality trends and setups for those patterns
in your universe. We will build on that foundation
by focusing on:
|
- Gaps and Trading the Open
- Moving Averages
- Retracements
- Market Internals
- Multiple Time Frames
|
Day
Four - We have concentrated our efforts on focusing
on quality trends and setups for those patterns in
your universe, including support and resistance, moving
averages, retracements, and multiple time frames. We
will build on that foundation by focusing on:
|
- Quality Guerrilla Plays
- Volume
|
Day
Five - In the final day, our concentration will
be on applying all concepts to live market conditions.
Additionally, each trader shall be asked to create
and present in the format of Pristine Chart of
the Week a chart lesson illustrating any concept
taught in the LAB.
|
Daily
Schedule
All times
are Eastern Standard Time
| 8:20
- 9:30 |
Morning
Market Review and Watch List Preparation |
| |
- Develop
market bias (daily and first two reversal periods)
based on DIA, SPY, QQQ, and pre-market Futures
-
Check gaps on any open positions and adjust
stops and targets
-
Watch Futures volatility at any 8:30 economic
report (and experienced traders prepare for
possible pre-market entries on equities or Futures)
-
Review PDT and Lite recommendations
-
Review Long and Short watch list from prior
day, and narrow to best selection based on pre-market
bias and gaps
-
Review ESP™ for Guerrilla plays
-
Review financial news for market or stock bias/trades
-
Review the following for additional trade ideas:
PMTR watch list, ESP™ most actives and
gap plays, Live Trading Room, Direct Access
gap list, CNBC ticker, etc.
-
Each ATL trader shall provide two favorite longs
and two favorite shorts
-
Finalize trade candidates into watch list with
no more than 10 long and 10 short
-
Review any monitoring assignments
-
Have all traders set appropriate alarms for
monitored stocks and internals
-
Have all traders initiate trading logs for day
-
Within five minutes of market open, identify
high potential early plays based upon gap conditions
|
|
| 9:30
- 11:30 |
Focused
Trading |
| |
- Search
ESP™ intra-day scans for best opportunity
at reversal periods, and as market dictates
-
Discuss both “textbook” and actual
entries on all PDT and Lite plays
-
Discuss all Guerrilla trading opportunities
-
Document and be prepared to discuss all trading
activity and observations on market direction,
bias, and internals, including sector relative
strength and weakness
-
Review any open positions and set appropriate
alarms (targets and stops), including those
on monitored stocks and internals
|
|
| 11:30
- 12:15 |
Morning
Review and Daily Lesson |
| |
-
Review questions/highlights from morning trading
- Pick
your best and worse trade of the morning, print
pertinent charts, critique on own for distribution
to others for group discussion, using the Pristine
Trade Evaluation and Questioning Document
-
Review condition and trends for market internals
and develop afternoon bias based upon current
data
|
|
| 12:15
- 1:00 |
Break
for Lunch |
| 1:00
- 1:30 |
Daily
Lesson from TPM2 (See Advanced Trading Laboratory Schedule)
and Preparation for Afternoon Trading |
| |
- Detailed
review of designated TPM2 concept, with interactive
exercise and quiz
-
Review designated Pristine Stock Chart of Week
(note: one will be assigned daily as homework,
and your job will be to be the Class Leader
in explaining the subject)
-
Review condition and trends for broader markets
and internals; develop bias
-
Review watch list and ESP™ basing and
other appropriate scans for late day setups
-
Reset alarms for monitored stocks and internals
|
|
| 2:00
- 2:15 |
Break |
| 2:15
- 4:00 |
Focused
Trading |
| 4:00
- 4:15 |
Break |
| 4:15
- 5:00 |
End
of Day Trading Review |
| |
- Monitor
any post-market moving earnings or news (and
post-market trading opportunities)
-
Log into spreadsheet and critique all trades
- Group
critique of trades, problems, adherence to trading
plans, etc.
-
Review all watch list items for possible inclusion
for next day’s trade consideration
|
|
| 5:00
- 6:00 |
End
of Day Market Review and Watch list Preparation |
| |
-
Review market conditions and potential for next
trading day
-
Review separate daily market internals swing
page
- Scan
each industry sector for potential setups
-
Scan stock universe for watch list candidates
-
ESP™ scans
-
Time permitting, additional detailed review
of TPM2 concepts, with interactive exercise
and quiz
|
|
Prerequisites
Traders
must have completed TPM1 and TPM2 seminars, and have
extensive RealTick® or eSignal® trading experience.
Although not required, Pristine's One Week Trading Lab
(Part I) is highly recommended. Additionally, since actual
trading will be highly encouraged, traders must have
come with an active funded account. At least three months
of prior active trading experience are strongly recommended.
Finally, traders are required to have a detailed trading
plan. If you don't have one, ask a Pristine Counselor
to forward to you a sample one in advance as Pristine
believes that a sound and through Trading Plan, with
trade setup and money management guidelines, provide
the foundation for a successful trading business. |
| Call Toll Free |
|
877-999-0979 |
