- DURATION: 2 to 6 months
- COST: £450 /month - Includes desk fee and training pack
- LOCATION: Remote (Zoom)
- OBJECTIVE: Correctly execute the plan and automate good routines
The duration of this phase is anywhere between 2 and 6 months depending on performance. It is the most important of the training system since the first weeks of a student's life are crucial to acquire good habits and correctly internalize the trading plan. It is vital to do the right thing from day one to prevent the mind from automating bad routines as once a way of operating has been assimilated, it is very difficult to change it. To do this, we use the Deming cycle. Plan, do, check, act. A process that allows you to evaluate what you do on a daily basis and to become aware of what is right and wrong. In this sense, every day coaching is carried out before the market opens, scrupulously reviewing all the trades of the previous day and checking if their execution follows the trading plan.
The first days are simulated, but only to gain a little confidence when throwing orders to the market. From the third day traders begin operating in in a Live account. This is done, firstly becasue simulators, even if though they are made very well, can never work the same as in reality. And secondly, and more importantly, because simulators don't train psychology. Therefore to take pressure off the student, accounts are funded and 100% covered losses are used. This is done so that the student perceives the trust that exists with the strategy and with the training system. Furthermore, so that the student and TradingFrame remain aligned with the same objective: to turn the student into a consistent trader.
It should be noted that our tutors are active traders. They operate daily in the markets, so students and tutors execute the same trading plan and operate the same stocks. This point is very important because the students can review which stocks the tutors operated, and specifically, what operations they carried out in each of these stocks and how they managed the operation, execution by execution. In other words, there is total transparency between tutor and student. Above all, so that the student understands how to correctly execute the trading plan through comparison.
During this phase, the student must build the habit of self-learning. Apart from attending the coaching sessions, you will have to analyze two specific operations. The criteria for choosing both may be the student's decision. You can choose the operation that was lost the most and the one that was won the most, for example. Or just pick two at random. But the important thing is to analyze conscientiously how you operated to become aware of what you really do. To help build this habit, since we at TradingFrame consider it of vital importance, the student will be prevented from operating the first hour in real time, if he had not submitted the self-analysis reports. If the student ignored such prohibition, the next day, he/she could be restricted to operate in the simulated demo account.
At the end of the month, if the account is positive, the benefits will be delivered in full.
Once the student has graduated, they can act completely autonomously. In this phase, the trader can continue using funded accounts if his/her results are supportive, but he/she must assume at least half the risk. With which, you must pay a deposit to cover that part of the risk. However, you will continue to be audited on a daily basis, giving you access to the reports to continue your self-study tasks. In addition, you can attend any coaching that is given to students who are currently in the graduation phase. And if you wanted to, you could voluntarily follow the penalty system to maintain the habit of self-learning.
An important aspect of this phase is consolidating your trading style. Although all students will execute the same plan, it is flexible and adaptable enough so that nuances can be incorporated that better fit the technical level, and above all, the psychological level of each student. It is very important that the trader truly believes in his plan. They must be fully aligned with it. With which, as the trader gains experience, his plan becomes richer and mutates from the plans of others. There, the role of teachers is vital to avoid that the nuances that they put into the plan do not distort it. Alternatively they can achieve the opposite, and turn a winning plan into a losing plan.
Another important element of this phase is that the student gets used to operating taking greater risk. If in the graduation phase, the daily loss limit was the lowest possible that allowed him/her to operate in full conditions, with the advice of the professors, limits should be progressively increased so that the student gets used psychologically to increase in trade size. The objective is to do exactly the same, but with a larger lot size so that the student becomes, not only a consistent trader, but also profitable.
The training pack includes:
- Remote Trading Software™ Access
- Live Trading Account (80% payout)
- Equipment and trading platform with 2 screens for exclusive use remotely or in person in London. (Due to COVID-19 remote only until further notice).
- Account opening in professional prop trading platform
- Licenses to operate American markets (Nasdaq and NYSE)
- LIVE account to operate in NY and NQ
- Optimized layout with three levels 2 and hotkeys ready to operate.
- Access to the trading community chat
- Participation in the F1 of the academy. Competition between traders and ratios to improve.
- Weekly reports. Professional back-testing to improve results by statistically analyzing traders' ratios
- Personalized daily coaching where we will analyze points for improvement of the trader at a strategic, psychological, operational level, etc. Sessions developed through the trading diary of the student and the professional traders of the room
- Right to attend coaching session of the rest of the students of the academy
- Full remote technical support
Computer (2 screens preferred); high speed internet.
Completion of the Apprentice course.