Trading Academy · Syllabus

Know what you’ll learn before you join.

From what a buy order actually does to a trading plan written in your own words: how orders fill, how risk is sized, how a chart and the market around it are read, and how to tell a measured record from a claim. Every module and every lesson is listed below, with what it sets out to teach and how long it takes.

See membershipBrowse the path
22Modules
121Lessons
13.8Hours of reading
556Quiz questions
Counted from the curriculum itself, so these numbers change when a lesson is added.

How it is taught

Read it, test it, practise it.

  • 4–10 minutes each

    Short lessons, in order

    Each lesson opens with one objective and ends with a takeaway and the mistakes people commonly make. Where a drawing teaches better than a paragraph, the lesson has one you can move.

  • After every lesson

    A quiz that explains itself

    Every lesson ends with a short quiz, and every answer says why. Retake any quiz; the best score is kept, and your progress follows your account.

  • Real bars · no real money

    A paper-trading simulator

    A replay of real historical daily bars with the name and dates hidden. Write the plan, place the order on a full ticket, get filled with slippage, and read a debrief in R against the plan you wrote.

The path

Three stages, taken in order.

Each stage assumes the one before it. The numbering is the real order of the path.

Stage 1 · Beginner

Foundations

modules 1–422 lessonsabout 2.1 hours

What a trade is, what an order does, what you risk, and how to read a chart. Everything after this assumes it.

Module 1: The two trades

Beginner5 lessons27 min

What buying means, what shorting means, and why selling something you own is not the same as shorting it.

  1. What BUY means5 min
  2. What SHORT means7 min
  3. Selling is not shorting4 min
  4. Why shorts are different6 min
  5. Reading a LONG or SHORT call here5 min
What each lesson sets out to teach
  1. 1. What BUY means. Say, in one sentence, what you own after a buy order fills and what has to happen for the position to make money.
  2. 2. What SHORT means. Explain how you can sell something you do not own, and why the loss on a short has no ceiling.
  3. 3. Selling is not shorting. Tell the difference between closing a long and opening a short, on sight.
  4. 4. Why shorts are different. List the four costs and risks a short carries that a long does not.
  5. 5. Reading a LONG or SHORT call here. Read a call on the opportunities board and name what each part of it is and is not.

Module 2: How orders work

Beginner5 lessons28 min

Market, limit, stop, stop-limit, trailing stop and bracket — what each one guarantees, what it does not, and what it costs.

  1. Market orders and limit orders6 min
  2. Stop orders6 min
  3. Stop-limit and trailing stops6 min
  4. Targets and bracket orders5 min
  5. Fills, slippage and time in force5 min
What each lesson sets out to teach
  1. 1. Market orders and limit orders. Choose between a market and a limit order and say what each one gives up.
  2. 2. Stop orders. Place a stop that turns into the right order at the right moment, and know what a stop cannot promise.
  3. 3. Stop-limit and trailing stops. Say when a stop-limit protects you and when it strands you, and how a trailing stop follows price.
  4. 4. Targets and bracket orders. Set an exit on both sides of a position in one order, and read the R-multiple it implies.
  5. 5. Fills, slippage and time in force. Predict the fill you will actually get, and know how long an order lives.

Module 3: Protect the capital

Beginner5 lessons27 min

Position sizing, risk per trade, stops that mean something, drawdowns, and the habits that end accounts.

  1. Risk per trade and the 1% idea5 min
  2. Position sizing from the stop6 min
  3. Where stops go6 min
  4. Drawdowns and losing streaks5 min
  5. The habits that end accounts5 min
What each lesson sets out to teach
  1. 1. Risk per trade and the 1% idea. Turn an account size and a risk percentage into a dollar amount you can lose on one trade without changing anything.
  2. 2. Position sizing from the stop. Compute a share count from account size, risk percent, entry and stop, and explain why the stop sets the size.
  3. 3. Where stops go. Place a stop where the trade's reason fails, framed in the name's own volatility.
  4. 4. Drawdowns and losing streaks. Explain why a drawdown needs a bigger gain to recover than it cost, and what that implies for size.
  5. 5. The habits that end accounts. Name the four behaviours the record blames for most blown accounts, and the mechanical guard for each.

Module 4: Reading the chart

Beginner7 lessons42 min

Candles, support and resistance, supply and demand zones, volume, moving averages, RSI and MACD, trend and momentum — the things the platform measures, read by eye.

  1. How to read a candlestick8 min
  2. Support, resistance and zones6 min
  3. Volume4 min
  4. Moving averages and trend6 min
  5. RSI, MACD and momentum6 min
  6. Breakouts and relative strength5 min
  7. Chart patterns: the ten shapes7 min
What each lesson sets out to teach
  1. 1. How to read a candlestick. Read any candle from its four prices: what the body's size, its colour and each wick's length record about the session, and why the same shape means different things in different places.
  2. 2. Support, resistance and zones. Find a level where price has reacted before, and explain why the platform draws zones rather than lines.
  3. 3. Volume. Use volume to judge whether a move had participation behind it.
  4. 4. Moving averages and trend. Identify a trend from price against its moving averages, and say what a stacked set of averages shows.
  5. 5. RSI, MACD and momentum. Read RSI and MACD as momentum gauges and know when each has historically misled.
  6. 6. Breakouts and relative strength. Distinguish a breakout from a failed one, and read relative strength against the index.
  7. 7. Chart patterns: the ten shapes. Recognise the ten named chart patterns as levels being tested, say which resolve up and which down, and name the line each one is confirmed at.

Stage 2 · Intermediate

Reading the market

modules 5–1350 lessonsabout 5.3 hours

The analysis: zones, structure, indicators, volume at price, the numbers behind a company, the market around it, this platform's own readings, and how to tell whether any of it works.

Module 5: Supply and demand zones

Intermediate6 lessons37 min

Where the imbalance was: how a zone forms, the four formations to watch for, fresh versus tested, how price reacts there, and how the platform draws and scores them.

  1. What a zone is6 min
  2. The four formations7 min
  3. Fresh, tested, and the strength of a zone7 min
  4. Reactions at a zone, and flips6 min
  5. Zones on this platform5 min
  6. A plan framed around a zone6 min
What each lesson sets out to teach
  1. 1. What a zone is. Explain a demand or supply zone as the footprint of an imbalance, and draw one from a base and its departure.
  2. 2. The four formations. Name the four base formations, say which two are continuation and which two are reversal, and tell them apart on a chart.
  3. 3. Fresh, tested, and the strength of a zone. Read a zone's strength from its departure, its base, its freshness and its place in the swing.
  4. 4. Reactions at a zone, and flips. Recognise the reactions that show a zone working, the signs it is failing, and what happens when it breaks.
  5. 5. Zones on this platform. Read the zone bands and the zone factor on a casefile, and say what confluence around a zone the record has rewarded.
  6. 6. A plan framed around a zone. Frame entry, stop and target from a zone's edges and read the R-multiple that results.

Module 6: Market structure

Intermediate6 lessons35 min

Swing highs and lows, the sequences that define a trend, the break that continues it, the change of character that cracks it, the sweep that fools it, and the two scales it is read on.

  1. Swings and the sequence of a trend6 min
  2. Break of structure5 min
  3. Change of character6 min
  4. Liquidity sweeps6 min
  5. Internal and external structure6 min
  6. Reading structure: the drill6 min
What each lesson sets out to teach
  1. 1. Swings and the sequence of a trend. Mark swing highs and lows on a chart and read the sequence — higher highs and higher lows, or lower highs and lower lows — that defines the trend.
  2. 2. Break of structure. Identify a break of structure as a close beyond the prior swing extreme in the trend's direction, and tell it from a wick through the level.
  3. 3. Change of character. Identify a change of character as the first close beyond the most recent swing low in an uptrend (or high in a downtrend), and say what it does and does not mean.
  4. 4. Liquidity sweeps. Recognise a liquidity sweep — a wick through a swing extreme that closes back inside — and say why the move after it has often gone the other way.
  5. 5. Internal and external structure. Tell the swings of the higher timeframe from the swings inside its legs, and read a structural shift at the right scale.
  6. 6. Reading structure: the drill. Name a break of structure, a change of character, a sweep and a range on charts you have not seen.

Module 7: Indicators, one at a time

Intermediate7 lessons44 min

Moving-average crosses, volume, RSI, MACD, volatility bands and ATR, ADX, VWAP — what each computes, what it has meant, and how each one misleads. Read the chart without the score.

  1. Golden crosses and death crosses8 min
  2. Volume: when it increases, and what that has meant7 min
  3. RSI: speed, stretch and divergence7 min
  4. MACD: three stages of a turn6 min
  5. Volatility: ATR, Bollinger bands and the squeeze6 min
  6. ADX: how strong, not which way5 min
  7. VWAP: the day's average price5 min
What each lesson sets out to teach
  1. 1. Golden crosses and death crosses. Define a golden cross and a death cross, say why they lag, and tell a real cross from a whipsaw on a drawing.
  2. 2. Volume: when it increases, and what that has meant. Measure an increase in volume as relative volume, and recognise the three signatures — breakout volume, climax, dry-up — on a chart.
  3. 3. RSI: speed, stretch and divergence. Read an RSI value inside its trend, tell a stretched reading from a pullback, and recognise a divergence.
  4. 4. MACD: three stages of a turn. Name the three parts of MACD and the order in which they turn, and say which stage is early and which is sure.
  5. 5. Volatility: ATR, Bollinger bands and the squeeze. Read ATR as a dollar figure, read Bollinger bands as a volatility envelope, and recognise a squeeze.
  6. 6. ADX: how strong, not which way. Read ADX as trend strength, use +DI and −DI for direction, and say which tools to trust at each level.
  7. 7. VWAP: the day's average price. Say what VWAP is, why it only means something intraday, and what a reclaim or rejection at it has read as.

Module 8: Volume profile and gaps

Intermediate4 lessons26 min

Volume at price rather than volume at time: the point of control, the value area, high- and low-volume nodes — and the four kinds of gap, what has filled and what has not.

  1. The volume profile7 min
  2. Reading where price sits6 min
  3. Gaps: the four kinds7 min
  4. What a gap does to a plan6 min
What each lesson sets out to teach
  1. 1. The volume profile. Read a volume profile: the point of control, the value area, and what a high- or low-volume node marks.
  2. 2. Reading where price sits. Say which of the three states price is in against the value area, and what each has tended to be followed by.
  3. 3. Gaps: the four kinds. Tell a common gap from a breakaway, a runaway and an exhaustion gap, and say what distinguishes them.
  4. 4. What a gap does to a plan. Explain why a gap is the one move a stop cannot protect against, and where gap risk shows up on this platform.

Module 9: Fundamentals

Intermediate7 lessons43 min

The earnings report, growth, margins and cash, valuation multiples, the balance sheet, guidance and revisions — the numbers investors read, and where the platform shows them.

  1. The earnings report7 min
  2. Growth: EPS and revenue6 min
  3. Margins and cash6 min
  4. Valuation: P/E and its cousins7 min
  5. The balance sheet: debt, dilution, buybacks6 min
  6. Guidance, estimate revisions and insiders6 min
  7. Fundamentals on this platform5 min
What each lesson sets out to teach
  1. 1. The earnings report. Name the three numbers in an earnings report that move a stock, and explain why the reaction depends on expectations rather than the numbers alone.
  2. 2. Growth: EPS and revenue. Compute year-over-year growth, tell revenue growth from EPS growth, and say what quality of growth means.
  3. 3. Margins and cash. Walk from revenue to net profit through the three margins, and say why free cash flow is checked against earnings.
  4. 4. Valuation: P/E and its cousins. Compute P/E, forward P/E and PEG, and explain why a multiple only means something against growth and the sector.
  5. 5. The balance sheet: debt, dilution, buybacks. Read leverage and interest coverage, and say what rising share counts and buybacks do to a shareholder's claim.
  6. 6. Guidance, estimate revisions and insiders. Explain why estimate revisions have been among the most persistent fundamental signals, and how to read insider transactions.
  7. 7. Fundamentals on this platform. Find the fundamental numbers the casefile shows, say where they come from, and say how they sit beside a technical grade.

Module 10: The market around the stock

Intermediate7 lessons51 min

Five readings of the market around a single name — the four asset classes, sector rotation, breadth, volatility, and what the options market is pricing — and the seven regime states this platform names from them.

  1. The market comes first6 min
  2. The four markets8 min
  3. Sector rotation8 min
  4. Breadth: how many are taking part7 min
  5. Reading volatility6 min
  6. Options and the expected move8 min
  7. The seven regimes8 min
What each lesson sets out to teach
  1. 1. The market comes first. Split a single name's move into the part the index supplied and the part that belonged to the name.
  2. 2. The four markets. Read the four asset classes together and name the pattern they form.
  3. 3. Sector rotation. Name which sectors are leading, what type each is, and which cycle phase that combination has historically gone with.
  4. 4. Breadth: how many are taking part. Read the four breadth measures and say what a divergence between the index and its participation means.
  5. 5. Reading volatility. Say what a volatility index reading is, convert it to an expected monthly move, and explain what it changes about stop distance.
  6. 6. Options and the expected move. Read the five figures on a casefile's Options tab, and compute the expected move yourself from price, implied volatility and days to expiry.
  7. 7. The seven regimes. Name the seven states this platform can report, the inputs behind them, and the order the rules are tested in.

Module 11: Reading IntellaZone

Intermediate5 lessons26 min

What the grade measures, what the factors are, what the gate and the receipts mean, and how to tell a measured record from a claim.

  1. The grade5 min
  2. The factors6 min
  3. The gate and a parked day4 min
  4. Receipts and the track record6 min
  5. From a call to a plan5 min
What each lesson sets out to teach
  1. 1. The grade. Say what a conviction grade is made of and what it is not.
  2. 2. The factors. Read the factor list under a call and say what each line is measuring.
  3. 3. The gate and a parked day. Explain what the regime gate checks and why a parked day is an answer rather than an absence of one.
  4. 4. Receipts and the track record. Tell a forward-tested record from a backtest, and read a receipt.
  5. 5. From a call to a plan. Walk from a call on the board to a sized plan in the Trade Planner and a saved entry in the journal, naming each step.

Module 12: Practice

Intermediate2 lessons9 min

The simulator: real historical bars with the name and date hidden, a full order ticket with visible slippage, and a debrief in R against the plan you wrote.

  1. How the simulator works5 min
  2. Reading a debrief4 min
What each lesson sets out to teach
  1. 1. How the simulator works. Describe what the simulator hides, what it shows, and how it fills an order.
  2. 2. Reading a debrief. Read the debrief card and name the number that matters most.

Module 13: Proving it

Intermediate6 lessons44 min

Expectancy rather than win rate, how large a record has to be before it says anything, what drawdowns actually look like, the habits a journal catches, why backtests lie, and what the research does and does not support.

  1. Expectancy, not win rate7 min
  2. How many trades before it means anything7 min
  3. Drawdown, streaks and ruin8 min
  4. What a journal catches6 min
  5. Why backtests lie8 min
  6. What the research actually supports8 min
What each lesson sets out to teach
  1. 1. Expectancy, not win rate. Compute expectancy from a win rate and a payoff ratio, and say why a win rate alone cannot tell you whether a method makes money.
  2. 2. How many trades before it means anything. Put an interval around an expectancy and say which of the three verdicts a record supports.
  3. 3. Drawdown, streaks and ruin. Estimate the drawdowns a positive-expectancy method still produces, and say what position sizing can and cannot fix.
  4. 4. What a journal catches. Name five habits a written record detects and the number in the record that reveals each.
  5. 5. Why backtests lie. Name the four ways a backtest flatters itself and describe the discipline that prevents each.
  6. 6. What the research actually supports. Say what the machine-learning literature on returns has found, what it has not, and which parts transfer to a platform like this one.

Stage 3 · Advanced

Depth

modules 14–2249 lessonsabout 6.5 hours

Taken after the path rather than during it. The statistics underneath every number, the instrument, the book, the person trading it, the plumbing, the tax, and the plan it all ends in.

Module 14: The statistics underneath

Advanced6 lessons48 min

Fat tails, regression to the mean, base rates, correlations that mean nothing, the best of many tries, and what happens to every statistic when the world changes — the six ideas that decide how much any number on a screen is worth.

  1. Fat tails: the days the average does not describe8 min
  2. Regression to the mean: why last year's winners disappoint8 min
  3. Base rates: how often a good signal is wrong8 min
  4. Correlation: prices that move together and prices that don't8 min
  5. The best of many tries8 min
  6. When the world changes: stationarity8 min
What each lesson sets out to teach
  1. 1. Fat tails: the days the average does not describe. Say what a fat-tailed distribution is, how much more often it produces extreme days than a normal curve of the same volatility, and why a standard deviation understates the days that decide an account.
  2. 2. Regression to the mean: why last year's winners disappoint. Explain why the best performers of one period usually look ordinary in the next, and estimate how much of a result repeats from the split between skill and luck.
  3. 3. Base rates: how often a good signal is wrong. Work out how often a signal is right when it fires, from how rare the event is, how often the signal catches it, and how often it fires falsely.
  4. 4. Correlation: prices that move together and prices that don't. Tell a correlation of prices from a correlation of changes, say why two unrelated trending series routinely look related, and why correlations measured in calm markets understate them in a sell-off.
  5. 5. The best of many tries. Calculate how likely it is that at least one of many worthless ideas looks significant by luck, and what bar holds that chance down.
  6. 6. When the world changes: stationarity. Explain stationarity, show how a long record can report a positive edge that has already ended, and say what a rolling window adds and what it costs.

Module 15: Options, properly

Advanced8 lessons62 min

The contract itself: calls and puts, the chain, what an option costs and why, the Greeks, time decay and the volatility crush, the four structures most people use, and what actually happens at expiry.

  1. Calls and puts8 min
  2. Reading the chain7 min
  3. The Greeks9 min
  4. Time decay and the volatility crush8 min
  5. Covered calls and cash-secured puts8 min
  6. Spreads: defining both ends8 min
  7. Assignment and expiration7 min
  8. Sizing an option position7 min
What each lesson sets out to teach
  1. 1. Calls and puts. Describe what a call and a put are, name the four basic positions, and say which of them has uncapped risk.
  2. 2. Reading the chain. Read a row of an option chain and say which of its numbers you can trust.
  3. 3. The Greeks. Say what each Greek answers, and which one explains a loss on a day the underlying moved your way.
  4. 4. Time decay and the volatility crush. Describe how time value decays and explain why a correct directional call can still lose money over an earnings report.
  5. 5. Covered calls and cash-secured puts. Draw the payoff of a covered call and a cash-secured put, and name the risk each one actually carries.
  6. 6. Spreads: defining both ends. Compute a vertical spread's maximum profit, maximum loss and break-even from its two strikes and its net cost.
  7. 7. Assignment and expiration. Say what happens to an option at expiry if nobody acts, and when early assignment actually occurs.
  8. 8. Sizing an option position. Size an option position from the premium at risk, and say why the risk rules from Module 3 need restating here.

Module 16: Reading volume

Advanced5 lessons39 min

Effort against result, absorption and climax, the accumulation and distribution lines and why they disagree, the five signatures as a set, and whether a name can carry your position at all.

  1. Effort and result8 min
  2. Accumulation, distribution and on-balance volume9 min
  3. Climax, absorption and the failed break8 min
  4. Can the name carry your position8 min
  5. Name the bar6 min
What each lesson sets out to teach
  1. 1. Effort and result. Read one bar from its volume, its range and where it closed, and name what the three together describe.
  2. 2. Accumulation, distribution and on-balance volume. Say what the A/D line and on-balance volume each compute, and explain why they can disagree about the same chart.
  3. 3. Climax, absorption and the failed break. Recognise five volume signatures from the bars around them and say what has usually followed each.
  4. 4. Can the name carry your position. Turn a price, an average volume and a spread into the two numbers that decide whether an idea is tradeable.
  5. 5. Name the bar. Classify a bar from its three numbers without a chart, quickly and repeatably.

Module 17: The book, not the trade

Advanced5 lessons37 min

What six positions risk together rather than one at a time: correlation and overlap, total open heat, what an add really does, what execution costs in R, and the review cycle that turns a record into a decision.

  1. Five positions, one bet8 min
  2. Total open risk7 min
  3. What an add really does8 min
  4. The gap between the plan and the fill7 min
  5. The review cycle7 min
What each lesson sets out to teach
  1. 1. Five positions, one bet. Explain why several positions can behave as one, and compute how much diversification a correlation actually buys.
  2. 2. Total open risk. Compute the total risk open across a book and set a cap for it before positions accumulate.
  3. 3. What an add really does. Compute the new average and the new risk after an add, and say what the stop has to do to keep the sizing honest.
  4. 4. The gap between the plan and the fill. Express slippage and commission in R and say what fraction of an edge they consume.
  5. 5. The review cycle. Name what gets read at each interval and why a fixed schedule beats reviewing after losses.

Module 18: Behavioural risk

Advanced5 lessons39 min

The risks that come from the person rather than the position: why this is structurally hard, how ordinary a losing run is, the biases with a trading form and a number that catches each, the arithmetic of trying to get it back, and grading the decision apart from the outcome.

  1. Why this is structurally hard8 min
  2. What a losing run actually looks like7 min
  3. The biases that have a trading form9 min
  4. Trying to get it back8 min
  5. The decision and the outcome7 min
What each lesson sets out to teach
  1. 1. Why this is structurally hard. Name the three features of trading that make it a poor environment for learning, and say what each one does to judgement.
  2. 2. What a losing run actually looks like. Compute how likely a losing run of a given length is, and use it to tell noise from a broken method.
  3. 3. The biases that have a trading form. Name six biases, the specific trading behaviour each produces, and the number in a record that reveals it.
  4. 4. Trying to get it back. Compute what a drawdown must recover and what doubling size to recover actually changes.
  5. 5. The decision and the outcome. Place a trade in the decision-outcome grid and say what each cell should change.

Module 19: How the market actually works

Advanced5 lessons42 min

What happens between the click and the fill, the price bands and circuit breakers that are published rules rather than opinions, the auctions that open and close the day, the extended sessions, and settlement, margin and the borrow.

  1. What happens between the click and the fill9 min
  2. Price bands and circuit breakers9 min
  3. The auctions and the shape of the day8 min
  4. Before and after the bell7 min
  5. Settlement, margin and the borrow9 min
What each lesson sets out to teach
  1. 1. What happens between the click and the fill. Trace an order from the broker to the venue and name where the cost lands at each step.
  2. 2. Price bands and circuit breakers. Compute a stock's limit up and limit down band, and name the three market-wide levels and the exception that applies to two of them.
  3. 3. The auctions and the shape of the day. Say what the opening and closing auctions are, and why volume and range are distributed the way they are.
  4. 4. Before and after the bell. Describe how the extended sessions differ and why a price there often does not survive to the open.
  5. 5. Settlement, margin and the borrow. Name the settlement cycle, the two margin numbers, what replaced the pattern-day-trader rule in 2026, and what makes a short hard to borrow.

Module 20: The other instruments

Advanced5 lessons40 min

Funds, futures, currencies and crypto: what one contract actually is, what a pip is worth, why a leveraged fund does not track its index over months, and which of your existing skills transfer unchanged.

  1. Funds and what they hold8 min
  2. Futures: an obligation with a date on it9 min
  3. Currencies: every price is a ratio8 min
  4. Crypto: the market that never closes8 min
  5. What transfers, and what has to be relearned7 min
What each lesson sets out to teach
  1. 1. Funds and what they hold. Explain how an exchange-traded fund keeps its price near the value of its holdings, and name the three ways one can disappoint.
  2. 2. Futures: an obligation with a date on it. Compute a contract's tick value and notional exposure, and explain what a roll is and why it costs something.
  3. 3. Currencies: every price is a ratio. Compute what a pip is worth for a given pair and lot size, and say why the same stop costs different amounts at different times.
  4. 4. Crypto: the market that never closes. Name what is structurally different about crypto markets and what custody actually means.
  5. 5. What transfers, and what has to be relearned. Separate the instrument-specific mechanics from the skills that carry across all of them.

Module 21: Tax mechanics

Advanced5 lessons40 min

How US federal tax treats a trade: the one-year line, which shares a sale is said to come from, wash sales, the $3,000 loss limit and what carries forward, and the separate rules for futures, index options and trader status. How the rules work — not tax advice.

  1. The one-year line8 min
  2. Which shares you sold8 min
  3. Wash sales8 min
  4. Losses, the $3,000 limit and the carryforward8 min
  5. Futures, index options and trader status8 min
What each lesson sets out to teach
  1. 1. The one-year line. Say how a gain's holding period is counted, which side of the one-year line it falls on, and what that changes about the tax.
  2. 2. Which shares you sold. Explain what a tax lot is, which lots a sale uses when none are named, and what naming them changes and does not change.
  3. 3. Wash sales. Say when a loss is disallowed by the wash-sale rule, what happens to it, and the cases the broker's forms do not catch.
  4. 4. Losses, the $3,000 limit and the carryforward. Net a year's gains and losses, apply the annual limit, and say what carries forward and in what character.
  5. 5. Futures, index options and trader status. Say how section 1256 contracts are taxed and which instruments are and are not, and what trader tax status and the mark-to-market election involve.

Module 22: Your written plan

Advanced5 lessons41 min

The twelve questions a trading plan answers, the two parts nearly every plan omits, a builder that turns your answers into a document you keep, and the rules for changing it.

  1. What a plan is for7 min
  2. The twelve questions10 min
  3. When you do not trade7 min
  4. Writing it down9 min
  5. Changing the plan8 min
What each lesson sets out to teach
  1. 1. What a plan is for. Distinguish a plan from a prediction, and say what a plan is protecting you from.
  2. 2. The twelve questions. State what each of the twelve parts must answer and what makes an answer useless.
  3. 3. When you do not trade. Write the conditions under which the correct action is none, and say why this part saves the most money.
  4. 4. Writing it down. Produce a complete written plan and keep it somewhere it will survive.
  5. 5. Changing the plan. State the conditions under which a plan may be changed and the procedure that keeps a change honest.

Membership

The whole path comes with membership.

All 121 lessons, their quizzes and the simulator are part of one IntellaZone membership, alongside the rest of the platform. The membership page says whether it is open and what it costs.

See membership