Trading Mentorship Introduction

Instructor's Background

• Moniker: Demo Baller
• Purpose of using demo accounts: protection and teaching.
• Personal story of transitioning from demo to live trading.

Addressing Doubts About Trading

• Some students struggle with transitioning to live accounts.
• Importance of submitting to the learning process.
• Acknowledge that not everyone will succeed if they don’t follow instructions.

Teaching Philosophy

• Goal: Teach a simplistic approach without unnecessary complexity.
• Emphasis on understanding basic principles and discipline in trading.
• Concepts taught will apply to both futures and forex.

Personal Motivation

• Teaching is also for the instructor’s daughter.
• Aim to create a clear, simple framework for trading.

Learning Process Framework

• 3 Stages of Learning:
  1. Yearning: Seeking knowledge.
  2. Learning: Engaging with the materials and practices.
  3. Earning: Transitioning to profitable trading.
• Commitment: The mentorship is planned for 3-4 months, with a break in March.

Teaching Approach

• Will not provide exact trade setups immediately.
• Focus on understanding price action and bias.
• Encourage independence rather than dependency on the instructor.

Trading Styles

• Different styles available: Intraday vs. Position trading.
• Instructor's preference: Short-term trading for efficiency amidst a busy lifestyle.
• Encouraging adaptability to different timeframes.

Concepts to be Covered

• Understanding price action and trading setups that often repeat.
• Simplifying the strategy: Focus on key price levels without clutter.
• Examples of trades: Contextualizing entries and exits in the e-mini S&P market.

Personal Responsibility in Trading

• Success depends on individual discipline and accountability.
• Comparison of demo versus live trading experiences.
• Recognizing the emotional challenges that come with trading real money.

Actionable Items for Learners

• Encourage participation in drills and homework.
• Acknowledge the time limitations faced by students with jobs or family commitments.

Future Learning Schedule

• No content will be released during March 2022.
• Returning to a regular schedule post-March with videos on Tuesdays and Thursdays.
• Resources like assignments and PDF materials will be shared in the community tab.

Final Thoughts

• Setting realistic expectations for learning and trading outcomes.
• Emphasis on building skills and recognizing personal limitations.
• Aim to foster confidence in independently recognizing trading setups.