Lecture Notes

Introduction

• Discussion on live streaming and mentorship.
• Struggle with streaming tools and ensuring the stream quality.
• Personal motivation for mentorship due to family (teaching kids not to rely on an employee mindset).

Teaching Approach

• Different teaching method for kids vs. external students.
• Emphasis on working hard and not relying on handouts.
• Encouragement for children to document their progress (e.g., YouTube channel).

Engagement with Students

• Interaction with non-family students through questions and guidance.
• Emphasis on teaching through demonstration (live price action, not market replay).
• Encouraging responsibility in trading.

Trading Strategy Basics

• Importance of mindset and preparation before trading.
• Mention of ISM PMI number as a market driver.
• Encouragement to understand the 'why' behind trading actions.

Trading Practices

• Timeframes to Focus On: 15-minute, 5-minute, 1-minute charts.
• Key Times: 7:00-7:30 AM, 8:00-8:30 AM, 9:00-9:30 AM (New York time).
• Market Characteristics: Focus on liquidity, smooth vs. jagged price areas.
• Algorithmic Trading Characteristics: Reaches for old highs/lows and inefficiencies.

Lesson Focus

• Bias Determination: Simple strategy of finding relative equal highs/lows.
• Smooth Areas: Markets will attack smooth areas (sharks, still waters analogy).
• Jagged Areas: Markets move away from jagged areas.

Mindset and Psychology

• Discussion on mental barriers and responses in trading.
• Importance of journaling and understanding emotional responses.
• Encouragement to create a secondary income stream for financial steadiness.

Critical Points

• Trading should be done with minimal leverage (recommendation of using micro contracts).
• The importance of rule-based systems and consistency.
• Acknowledging and overcoming psychological barriers and anxieties in trading.

Closing Thoughts

• Simplified trading is not about complicated indicators but understanding market's natural tendencies.
• Encouraging backtesting and personal discovery of price action.
• Session concluded with a reminder of the simplicity and effectiveness of the taught strategy.