In order to become a consistently profitable, professional trader, you need to have a plan of action. Without a plan of action (a daily trade plan) you are essentially a ship without a rudder to guide you.
The purpose of creating a trading plan is to provide you with a predefined set of rules that will allow you to hold yourself accountable to following the rules of the plan. Simply put, consistently profitable trading requires you to be patient and disciplined. A trade plan will provide you with the opportunity to have a "map" to your trading day.
Why do I need a trading plan?
Let's face it, day trading can be a lonely business. When you are trading, you have only yourself to whom you are accountable. At times, it can be difficult to do the best thing for your trading account when everything is going against you. This is the entire point of having a trading plan; you have a physical reminder of what the best thing for your trading account is at any given time during the trading day.
I don't know how to write an effective trade plan. Now What?
In the beginning you don't need to know how to write an effective trade plan. The Oil Trading Group has done the hard work for you. Sure, over time, you may want to create a very tailored plan to fit your very specific needs. But, in the beginning, we will provide you a trading plan that outlines current market conditions as well as the strategies and tactics to effectively trade the market.
This training program comes with a live training event (if purchased prior to May 31st, 2016) and / or a recording of that training event when purchased after May 31st. If you are unable to attend the live trading event the session will be recorded for later viewing. Here is what will be covered in the training:
Training Outline:
One of the very first things you MUST DO if you want to become a consistently profitable, professional trader is to have a plan. Your plan needs to be thought out and developed BEFORE the action of the market begins. Each day prior to the crude oil open, OTG provides you with the most pertinent levels and times of the expected moves.
Here is what you get:
These are a few sample videos. We have over 400 trading videos on our Vimeo Channel
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The Oil Trading Group. (“OTG”) does not hold itself out as a Commodity Trading Advisor (“CTA”). Given this representation, all information and material provided by OTG is for educational purposes only and should not be considered specific investment advice.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Trading performance displayed herein is hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance trading results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.