Master High Probability Trading

Education to take control of your financial future! We at Master High Probability Trading are dedicated to ensuring you get the BEST financial trading education possible so you can make the BEST decisions for your money!

Learn the strategies and techniques that (only a small number of) SUCCESSFUL traders understand and apply to minimize fear, emotion, and greed when making a trade. We can teach you to do the same with courses beginning at the Introduction to Financial Trading all the way to using Advanced Options and Forex trading strategies to trading Futures. We offer multiple courses from introductory to advanc

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[10/17/14]   What makes a successful trader?

4. Having a mentor – This is an invaluable resource to have, especially for beginning traders. Seek these people out at your MeetUp group meetings and at other trading groups you attend. Having a mentor can help you improve your trading skills and can also prevent you from making costly mistakes. If you are an experienced trader try being a mentor to the beginners. Regardless of your trading experience level, but especially for beginners to intermediate level traders, a good way to master a topic or subject area, is of course to learn it thoroughly yourself. Here’s where the magic happens. Take that learned knowledge, and teach it to someone else, or present it at your interest group meetings. Not only will this reinforce in you the material you learned, but it just made you an “an expert” in that area to your audience to which you can now mentor.

masterhpt.com 10/15/2014

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What makes a successful trader?

3. Back testing a trading plan – This is essentially a back test of one or many trades to validate a trading plan you may have created. For those that do not want to, or do not know how to back test, developing a journal and keeping a record of the details of a trade will help you to validate your trading plan.

Some of the details you should record in your journal are:
a. Dates of the trade (when you entered and when you closed)
b. Entry point
c. Exit point (target 1, target 2, etc.)
d. Stop loss
e. Type of trade (Bull call, bear call, bull put spread, butterfly, etc.)
f. Did you follow your rules (Yes/No), this would also include your risk management rules in addition to your trading rules
g. Commissions paid
h. Net win (loss) dollar amount
i. Net % gain or loss on trade
j. Notes/comments – did the trade work out or not. Why it did or didn't. What could/should you have done better or is this a solid example to use in building your trading plan.

Prior to using a strategy, back test it and check if it works with different time frames. You can then use the results of this testing to create a trading plan that works for you.

You can learn all this and much more by attending the trading classes we teach at Master High Probability Trading www.masterhpt.com. Teaching students how to trade successfully, learn rules and develop objectives, prevent them from making costly mistakes, and helping them to build a highly reliable trading plan is what we do at MasterHPT.

Visit us at www.masterhpt.com to learn more about the classes we teach and our teaching philosophy. Our Technical Analysis 1 class is coming up next Tuesday and Wednesday, October 21st and 22nd, 2014 from 6:30 PM to 9:30 PM at the Marriott Courtyard Plano at Legacy Park. Register soon as seats are very limited.

masterhpt.com Check out http://masterhpt.com! Home Page

masterhpt.com 10/13/2014

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What makes a successful trader?

What do successful traders do that make them successful? Over the next couple of weeks we will post what we think are 14 important qualities and characteristics (in no specific order) that are important to be a successful trader.

2. Create a trading plan and following your rules – This is the most important. The best trading plans are built on experience, and experience is built on wins and losses. Those who have created trading plans either through education or hard lessons learned have built a set of rules to match the trading style with which they are comfortable. Many, if not most traders do not even get to this point. Instead, they trade on speculation which breeds fear, emotion, and greed, and pretty soon they are out of the trading business, having been burned too many times, and if they are lucky, still have some of their investment account intact. So, specifically things to include in your trading plan should be:
a. Trade with the trend – put probability on your side. When the markets trending up, 70% of stocks follow the uptrend. When the markets are trending down, 90% of stocks follow the downtrend. 50% emphasis should be placed on trend for your actionable trades.
b. 30% of your emphasis for actionable trades should be placed on support and resistance levels.
c. 15% of your emphasis for actionable trades should be based on momentum.
d. 5% of your emphasis should be based on volume.

Teaching our clients how to trade successfully, learn rules and develop objectives, prevent them from making costly mistakes, and helping them to build a highly reliable trading plan is what we do at MasterHPT. Visit us online at www.masterhpt.com to learn more.

masterhpt.com Check out http://masterhpt.com! Home Page

masterhpt.com 10/12/2014

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What makes a successful trader?

What do successful traders do that make them successful? Over the next couple of weeks we will post what we think are 14 important qualities and characteristics (in no specific order) that are important to be a successful trader.

1. Connect with a group of like-minded people.
MeetUp groups, clubs, and special interest groups are a great way to pick up valuable bits of information from the presenter(s) and other members. It is also an opportunity for you to share information with like-minded members. It is a good supplemental method of learning but should NOT be your only source of learning to trade successfully. I am sure the more experienced traders will agree. Especially with trading, this is more pronounced than in many other disciplines. Experienced, successful, and disciplined traders know that the market does not behave in any way the human psyche is accustomed to. A good book to read on this topic is “The Disciplined Trader” by Mark Douglas. Therefore, it is in your best interest to seek out the best source(s) of trading education you can find.

Visit us at Master High Probability Trading www.masterhpt.com to learn more about the classes we teach. Our Basics of Stock Investing and Options Trading class http://tinyurl.com/register4basics is on Tuesday, October 14th, 2014 from 6:30 PM to 8:30 PM at the Marriott Courtyard Plano at Legacy Park http://tinyurl.com/map2marriott. Register soon as seats are limited. Price $20. http://tinyurl.com/register4basics

Like our page and check in for tomorrow’s post on “Creating a trading plan and following your rules”.

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10/04/2014

Master High Probability Trading's cover photo

[04/08/14]   Free Introduction to High Probability Trading class in Plano on April 29th, and Westlake on April 30th.

04/07/2014

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Location

Category

Products

Training Courses
• Introduction to High Probability Trading:
An overview of terms and strategies for
using options to grow and protect
portfolios.
• Basic Options Level 1: Option basics,
including Calls, Puts and Risk Management
• Basic Options Level 2: Selling Calls and
Puts, Covered Calls, and Verticals
• Basic Options Level 3: Volatility,
Probability, Iron Condors, Butterfly
spreads, Diagonal spreads
• Technical Analysis Level 1: charts, trends,
support and resistance levels, gaps,
Fibonacci retracements, moving averages,
and buy/sell rules
• Technical Analysis Level 2: candlestick
patterns, price patterns, Bollinger studies,
MACD, and Stochastic studies
• Technical Analysis Level 3: Risk profile
analysis and discipline

Address

Allen, TX
75013-4675
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