16 Day Coursebook BOWS

27925 words 112 pages
Bulls on Wall Street
16 Day Trading Bootcamp

Do Not Cite, Copy, or Distribute Without Permission
Copyright © 2012 Bulls on Wall St. — All Rights Reserved

Contents

Chapter 1 – Introduction
Chapter 2 - Technical Analysis
Value of Technical Analysis
Understanding the Dynamics of an Auction Market
How to Follow the Flow of Money
Chapter 3 - Charting Basics
Chart Setup
Price/Volume Relationship
Intraday vs. Daily Charts
Chapter 4 - Understanding Market Cycles
Accumulation
Run-up
Distribution
Run-down
Chapter 5- Define Your Trading Style
Daytrading
Swingtrading
Position Trading
Which type of trader are you?
Chapter 6 - Support and Resistance Trading
The dynamics of support and resistance
Types of support/resistance
Daily support/resistance
…show more content…
From those conversations I started to understand why 99% of traders fail. It became evident that most traders end up going bust and never making it due to the same basic problems. What I found from speaking with so many is that most traders never develop their own METHOD. A system of trading that they can stick to no matter what. A system that gives them a step-by-step process and routine that tells them what to do every single day. Most traders will float from one method to the next constantly, always searching for the holy grail. One day they are momentum traders, the next they are value investors. They follow all these distinct styles simultaneously, trying to pick and choose from each one. This is not methodical--they have no edge. Often they are just seeking “riches” or excitement, with unrealistic expectations as to what they will need to do to develop expertise. Its been said that it takes 10,000 hours to develop mastery over a subject; if you're jumping from method to method, style to style, how can you get the repetition, the practice, to truly develop any level of expertise? To be a successful trader, you need an exact and clearly-defined method. You need to be able to identify stocks that fit your style of trading.
You need to have an exact method of picking entry points, targets, stop losses. You need to be able to
1

measure your risk and then size the position accordingly. Once

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