At the beginning of your journey, creating and organizing your trading setup is key! There are a few different components involved which Irek will walk you through in this lesson (such as setting up your trading station and choosing the appropriate charting software to use).
There are various traps that occur in the market, which may seem like relatively decent opportunities, but in reality, they are not. This lesson is about capital preservation. It’s extremely important to know how to identify traps within the market and stay out of them.
This lesson builds on the concepts we’ve already learned, such as the Elliott Wave Theory. This lesson is really important for deciding where to place your targets when trading runs and pullbacks. Many people get this wrong, so re-watch this lesson multiple times to ensure you grasp the concepts.