Stacy Burke Trading offers free courses to increase confidence & ability to execute high-performance trading. They emphasize understanding consolidations, templates, & identifying profitable trades.
The Four-Step Method to High Performance Trading
Understanding Consolidations and Scalability
Introduction: Free Downloads for Increasing Confidence and Ability
G’day Traders, my name is Stacy Bird from Stacy Burke trading. In this video, I will go over the four steps to high performance trading, which includes understanding consolidations and scalability. The purpose of this video is to provide a basic case study on Pal New Zealand, reinforcing the importance of allowing the market to set up for larger opportunities.
Step One: Understanding Consolidations
In the playbook, I discuss the importance of understanding consolidations, including 100 box, three day setups, three session setups, three hour setups, and parabolic moves. I emphasize that traders should not only buy lows and sell highs, but also identify the best instruments that are well engineered.
Step Two: Identifying Destructive Behaviors
The playbook also covers a lot of destructive behaviors that traders should avoid, such as emotional irrational impulsiveness, lack of patience, and a lack of understanding. Traders should focus on 90 10 opportunities and recognize that every setup is either a pump and dump or a dump and pump, including the weekly template.
Step Three: Timing and Templates
Traders should focus on free cash Fridays, opening range, and initial balance, as the front side of a move can be an escalator, while the back side can be an elevator. Traders should aim for a three-day elevator ride parabolic or a three-session parabolic for an elevator ride without any heat or stress.
Step Four: Model for Entries
The basic model for entries is straightforward, focusing on scalping the best and leaving the rest. Traders should not catch little moves, but instead focus on larger consolidations. They should understand the hundred pit boxes and three levels of rise and be able to trade a one-hour, two-hour, or third hour trade.
Factors That Affect Trading
Several factors can affect trading, such as major red news on the calendar and impatience. Traders need to have an understanding of the setups and templates and execute their trades with patience and discipline. They should understand when to scale in and when to scalp, and they should master the skill of execution of 90 10 trades.
Conclusion
In conclusion, traders should download the free four-step method to high performance trading, along with the free audio program, the seven-step daily routine for high Performance Traders, to improve their confidence, discipline, and mindset to master the markets. They should focus on understanding consolidations, avoiding destructive behaviors, timing and templates, and a model for entries. By following these steps, traders can increase their chances for success in the market.