TRADEPRO Academy
NEW TRADER
DEVELOPMENT PLAN
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The information contained in this presentation is solely for educational purposes, and does not constitute
investment advice. The risk of trading in securities markets can be substantial. You should carefully
consider if engaging in such activity is suitable to your own financial situation. TRADEPRO Academy is
not responsible for any liabilities arising as a result of your market involvement or individual trade
activities. Past performance is not indicative of future results.
TRADEPRO Academy
Welcome to TRADEPRO Academy.
This learning plan is designed for the new trader. At the beginning it can
feel very overwhelming and it can be confusing to know where and how to
start your development.
This check list is a comprehensive trader development plan. Follow the
instructions and complete each step before moving forward and you will
provide yourself the best opportunity for success.
The truth is that there is no secret indicator, system or strategy that will
work for you.
Success is the outcome of putting in the necessary work and taking
control of your destiny.
Learning Development Plan
Step 1: Learn the Foundations
Step 2: Create Your Trading Plan
Step 3: Practice Trading in Demo
Step 4: Going Live!
TRADEPRO Academy
TABLE OF CONTENTS
Step 1: Learn the Foundations .............. 4
Foundations Course Level One .......................... 4
Foundations Course Level Two .......................... 5
Foundations Course Level Three ........................ 7
Step 2: Create Your Trading Plan .......... 9
Entry Criteria ....................................................... 10
Money Management Strategy ............................ 11
Exit Strategy ........................................................ 12
Maximum Drawdown .......................................... 13
Step 3: Practice Trading in Demo ........ 14
Step 4: Going Live ................................. 15
TRADEPRO Academy
STEP 1: LEARN THE FOUNDATIONS
For optimal results, follow each step before continuing to the
next, checking each one off as you complete it:
Download and print the Foundations Course workbook
Get a blank journal for your personal notes
Watch Foundations Course Level 1, Lesson 1 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Create a free stock charting account at TradingView.com
Practice looking at different chart types on TradingView
Watch Foundations Course Level 1, Lesson 2 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Practice identifying the three trend types in different stock companies
Watch Foundations Course Level 1, Lesson 3 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Practice drawing supports, resistances and channels on TradingView
Practice drawing trendlines in uptrends, downtrends and ranges
Watch Foundations Course Level 1, Lesson 4 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Draw Fibonacci retracements and extensions on your favorite stocks
Apply the suggested moving averages to your chart
Watch Foundations Course Level 1, Lesson 5 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Sign up for a free options demo account at CBOE website
Practice looking at options chains
Options are tricky, re-take the video lesson and stay positive!
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STEP 1: LEARN THE FOUNDATIONS
Watch Foundations Course Level 1, Lesson 6 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Place practice trades using market and limit orders
Start placing demo trades in your CBOE account based on technicals
Log all of your trades in our trading journal or create your own in Excel
Watch Foundations Course Level 1, Lesson 7 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Apply all of the technical analysis concepts to your demo trading
Watch Foundations Course Level 1, Lesson 8 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Continue demo trading and tracking all of your trades in the journal
Congratulations, you completed level one. Celebrate your achievement!
Level Two Checklist
Watch Foundations Course Level 2, Lesson 1 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Add volume to all your chart templates in Trading View
Identify the different types of volume patterns on your stock symbols
Watch Foundations Course Level 2, Lesson 2 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Find at least 10 of each chart pattern on your stock symbols
TRADEPRO Academy
STEP 1: LEARN THE FOUNDATIONS
Watch Foundations Course Level 2, Lesson 3 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Find at least 10 of each chart pattern on your stock symbols
Watch Foundations Course Level 2, Lesson 4 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Find at least 10 of each candle pattern on your stock symbols
Watch Foundations Course Level 2, Lesson 5 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Find at least 10 of each candle pattern on your stock symbols
Watch Foundations Course Level 2, Lesson 6 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Find at least 10 of each candle pattern on your stock symbols
Watch Foundations Course Level 2, Lesson 7 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Apply all of the technical analysis concepts to your demo trading
Watch Foundations Course Level 1, Lesson 8 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Analyze your trading journal results using the method in the video
Complete the simulation trading process suggested in video
Adjust your demo trading approach accordingly and keep trading
Congratulations, you completed level two. Celebrate your achievement!
TRADEPRO Academy
STEP 1: LEARN THE FOUNDATIONS
Level Three Checklist
Watch Foundations Course Level 3, Lesson 1 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Apply the indicators to a new template on Trading View
Start using these indicators in all your demo trades going forward
Watch Foundations Course Level 3, Lesson 2 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Apply the indicators to a new template on Trading View
Start using these indicators in all your demo trades going forward
Watch Foundations Course Level 3, Lesson 3 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Practice identifying the 3 different market phases on your stocks
Practice drawing Elliott Waves on your stock symbols
Watch Foundations Course Level 3, Lesson 4 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Practice identifying the different gap types discussed in the video
Demo trade some gap opportunities and track in your journal
Watch Foundations Course Level 3, Lesson 5 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Demo trade covered call strategy on CBOE virtual account
TRADEPRO Academy
STEP 1: LEARN THE FOUNDATIONS
Watch Foundations Course Level 3, Lesson 6 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Start implementing stop losses to all of your demo trades
Implement a risk management strategy in all your demo trades
Watch Foundations Course Level 3, Lesson 7 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Apply all of the technical analysis concepts to your demo trading
Watch Foundations Course Level 3, Lesson 8 Video
Take the quiz until you achieve 80%+ (review video before retakes)
Understand how behavioral finance affects you as a trader
Understand the ideal trading zone and ensure you stay in it
Review and Brush Up Your Skills!
Re-watch lessons and improve your skills (be honest with yourself)
Print and sign the TRADEPRO Pledge!
Follow the rules outlined in the pledge
You did it - congratulations!
You finished the Foundations Course!
Go out and celebrate your achievements, but
come back because we still have to create
your very own trading plan!
TRADEPRO Academy
STEP 2: CREATE YOUR TRADING PLAN
There is a saying in trading, "failing to plan is planning to fail".
In this step of your development plan you will create a trading plan that will lay
out all the rules of how you will trade.
This trading plan will keep you disciplined, focused and on the path to financial
freedom.
It is VERY important to follow your plan consistently so you can evaluate your
results and make tweaks. If you are not following your plan you are gambling,
not trading, and it will be impossible to be successful.
Now that you know the importance of a plan, let's talk about what is included in
every good trading plan.
Trading Plan Components
1. Entry Criteria
2. Money Management Strategy
3. Exit Criteria
4. Maximum Drawdown
TRADEPRO Academy
STEP 2: CREATE YOUR TRADING PLAN
ENTRY CRITERIA
This part of your trading plan is responsible for identifying when you will enter into a new
trade.
When designing your entry criteria you will want to pull from your trading journal, and find out
what scenarios created the most profitable trades according to your own experience.
You may want to print a copy of your trading journal analysis and results as you go through
the rest of this plan.
Answer the following questions in a quantifiable way:
What criteria will you need to see before you execute a trade?
1:_____________2:_____________3:_______________4:________________
What type of trends will you be trading?
1:_____________2:_____________3:_______________4:________________
What analysis will you use to confirm your trading setup?
1:_____________2:_____________3:_______________4:________________
What qualifiers will you use to trigger your trading entry?
1:_____________2:_____________3:_______________4:________________
What dis qualifiers will you use to prevent you from getting into a trade?
1:_____________2:_____________3:_______________4:________________
NOTE: You do not need to have 4 criteria for each question, this is only a guideline.
TRADEPRO Academy
STEP 2: CREATE YOUR TRADING PLAN
MONEY MANAGEMENT STRATEGY
This is the most important section of your entire plan. True trading professionals know that
by limiting and managing risk they are giving themselves the best chance of long term
success.
By controlling and limiting your losses you will set yourself up for a long and profitable
career.
Answer the following questions in a quantifiable way:
How much of your account capital will you risk on each trade?
____ % (maximum recommended is 3%)
What is your reward to risk ratio, that is, for every $1 you risk how much is the
minimum you need to target on each trade?
______ (recommended at least 2:1)
NOTE: Be realistic with this number and base it on your current results from your trading
journal. If your average win per trade is $200 and you risk $100 on each one you are at a
2:1 ratio. The more you increase your expected profit, the lower your win percentage will
become in most scenarios. Trade targets are based on technicals, not how much you want
to make.
When will you trail your stop loss to break even, and when will you trail above that
level? (be specific)
__________________________________________________________________________
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What will be your maximum allowable daily, weekly and monthly loss?
Daily: $______ Weekly: $______ Monthly: $______
TRADEPRO Academy
STEP 2: CREATE YOUR TRADING PLAN
EXIT STRATEGY
Pop quiz, if you are up $1,000 on a trade and you still hold the position how much have you
made? $0. Profit is only realized once you exit a position, until that has occurred you have
open trade risk and nothing more. "Ya can't pay the bills with unrealized gains." - George.
This is why it is very important to very clearly identify when you will exit each trade.
Answer the following questions in a quantifiable way:
When will you exit your profitable trades?
Will it be only when your profit target is reached?
Will it be when your trade entry qualifiers are no longer present?
Will it be when momentum begins to fade and diverge?
Will you take partial profit and move your stop loss to let the rest of the position earn more?
These answers will depend on your trading journal and current results. Answers will also
very depending on what you are trading and on what time frame. The only rule here is to
NEVER let a big profit evaporate because it didn't hit your target. Also, never move your stop
to increase trade risk, always move it to decrease risk!
Spell out your exit rules here:
__________________________________________________________________________
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TRADEPRO Academy
STEP 2: CREATE YOUR TRADING PLAN
MAXIMUM DRAWDOWN
No one buys car insurance hoping to crash and realize the benefit of the policy. However,
car crashes happen all the time.
As traders, we don't get into the business planning to lose money. But markets change, and
so do we. Sometimes we hit a rough patch in our trading, which is unavoidable.
If you get to a bad start and lose a few trades, as long as you are within your money
management parameters, that's okay. Keep focusing on risk management and you will
bounce back.
In this section however, we need to identify our maximum drawdown. In the event that we
string together more severe losses, when will we stop trading the strategy and go back to the
drawing board?
This can be seen as your stop loss for your entire account, not just one trade.
Answer the following questions in a quantifiable way:
How much percentage of your account will you lose before you stop trading and re-
evaluate?
____ %
What will be your next steps before starting to trade live again?
NOTE: Will you go back to demo trading until you hit a certain milestone? This can be a win
percentage, cumulative gains, etc. At the very least you will need to analyze your strategy
results and tweak your approach. Another option is to start fresh and create a new strategy
to take into account a market that may have changed. We recommend having a few
strategies, but starting out with only one at first.
__________________________________________________________________________
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TRADEPRO Academy
STEP 3: PRACTICE TRADING IN DEMO
Now that you have created your very own trading plan, it is time to put it through the paces.
It is very important at this stage NOT to rush into trading with real capital. The emotional
stress is very real when you start trading with real money.
Most new traders fail because they try to fight too many battles at once while they are still
learning.
Imagine looking for entries, managing risk, staying disciplined, managing emotions, dealing
with stress, over trading and coping with fear all at the same time? This is why traders fail,
because they bite off more than they can chew.
It is highly advised to start demo trading your plan from step two and achieve some
milestones before considering going live.
This will give you comfort and confidence, and prepare you for live trading in a safe
environment.
Once you master the trading process, you will be prepared to deal with the mental and
emotional aspect of live trading far more efficiently.
Demo Trading Milestones
Keep demo trading until you check all of the below.
Complete 100 demo trades
Demo trade for at least 3 months
Achieve a win rate of 60% or more
Achieve a 1.5 to 1 reward to risk ratio
TRADEPRO Academy
STEP 4: GOING LIVE
First, I want to tell you that I am incredibly proud of your achievement.
If you made it this far, you have already put in more work and dedication to the process than
99% of the traders out there. Coincidentally, this is also why only 1% of traders are
successful. It is always easier to take the easy route. But you did not. You are the 1%!
Going live with your trading is a big milestone. The truth is, the majority of traders that have
failed did so because they jumped in to the ocean before they learned how to swim.
If you have completed all of the steps in this checklist, you are ready to start trading live! If
you always follow your plan and never compromise on your risk management, you will thrive
and succeed.
You are stepping into the battle field with preparation and discipline, and I believe in you and
believe you will win.
Here is the truth about transitioning to live trading - there are no tips or secrets, you just perk
your chest out, keep your chin up and start swinging!
You will always be learning, innovating, tweaking and adjusting to the market conditions as a
trader. The learning will never stop.
I wish you the very best in your journey and I can't wait to see you shine in our community. I
am rooting for you, and I believe you can achieve your wildest dreams and ambitions.
Make your dreams come true.
Prosper.
Live a free and fulfilling life.
Sincerely,
George Papazov
Founder, TRADEPRO Academy
