The Keys To Becoming A Profitable Trader…

The UK’s top trading coach shows you the exact steps to becoming a

consistent trader

Ali Crooks The UK’s Top Trading Coach

Trader with 18 years real time experience.

I have trained over 10,000 people internationally and mentored hundreds

of traders.

Average monthly return of my successful students is 9.4% ROI.

Author

Trade Live With My Students

Member of CISI

Previous Returns– 11.5 % av p.m. ROI

Why Listen To Me ?

Classic Determining Factor Traps

CONTRIBUTING FACTORS

DETERMINING FACTORS

1. Master The Strategy

2. Master The Market

3. Master Yourself

How are we going to do this….....?

Every Traders Goal….

Traders Triad In Detail

Traders Triad In Detail

Traders Triad In Detail

They don’t have a plan

1. Create A Trading Plan Know what you are going to do ahead of time…

What your plan should include • What trading strategies you will

trade?• Risk Levels • What tested results has your

strategy achieved? • Asset Allocation? • Cut off and review points?• Time allocation?

They don’t have a

strategy !

2. Start with one strategy Become a master of it before trading another

Strategy Matrix Price Point Movement

Breakout

Bounce

Strategy Type

Breakout

Pullback

Reversal

Trend Condition

WTT & ATT

WTT

ATT

Position Characteristics

Early to Mid Trend

Early To Mid Trend

End Of Trend

One of my day trading strategies

• DAX futures – S&P Futures - GBP/USD - EUR/USD – USD/CAD – USD/JPY

• Corresponding new high or low on 5 minute chart • Wait for price to pull back to the 21 moving average• Calculate the distance in points between the high or low to the 21

moving average • Divide this amount by 2 = stop size • Work out your stake • Enter the trade long or short when you hit the 21 moving average• Exit or bring your stop to entry when the previous high or low has

been reached

• DAX futures – S&P Futures - GBP/USD - EUR/USD – USD/CAD – USD/JPY

• Corresponding new high or low on 5 minute chart • Wait for price to pull back to the 21 moving average• Calculate the distance in points between the high or

low to the 21 moving average • Divide this amount by 2 = stop size • Work out your stake • Enter the trade long or short when you hit the 21

moving average• Exit or bring your stop to entry when the previous

high or low has been reached

Another example

They don’t manage risk

3. Manage Your Risk You must have a clear plan to manage trade with a specific risk.

Risk Management Plan

• Decide on your % risk per trade and stick to it

• Day Trading = 1% of total capital per trade

• Swing Trading = 2% capital per trade • Position Trading = 2% per capital per

trade

• 3 trades maximum at any one time

• Calculate your risk based on stop size

Stack the reward in your favor

They don’t know their numbers !

4. Know Your Numbers How their strategy is and has performedRecord a very specific set of data

We Create Our Own Process

L – Log R – Review A – AmendR – Repeat

WHAT YOU MUST RECORD

• Winner or Loser • Risk to Reward Ratio• Maximum Draw Down • Maximum Exit • Maximum Retracement • Hour and day of the trade entry • Long or short

They think they will make it by “trial and error” alone

5. Use A Structured Feedback ProcessAsk the right questions Get the right feedback from the right people at the right time

Who's on your team??

Classic Determining Factor TrapsCONTRIBUTING FACTORS

Finding a good broker Your charting package

The technical indicators you useWhat the news is saying

Computer spec

DETERMINING FACTORS

Create a plan Sticking to one strategy

Managing Risk Knowing your numbers

Have a structured feedback process