prop "training" outlines

C

caementarius

While I gather that the most important factor for success at trading is finding your own style/strategy that works for you, I am interested in an outline of what the various prop firms who offer training actually teach.

Bright teaches pairs and openings strategies, anything else?

I assume prop shops teach various forms of momentum trading, trading news, and general technical analysis. Maybe scalping? What topics am I missing? Are there training manuals from now-defunct firms floating around that I could peruse?
 
Quote from caementarius:

While I gather that the most important factor for success at trading is finding your own style/strategy that works for you, I am interested in an outline of what the various prop firms who offer training actually teach.

Bright teaches pairs and openings strategies, anything else?

I assume prop shops teach various forms of momentum trading, trading news, and general technical analysis. Maybe scalping? What topics am I missing? Are there training manuals from now-defunct firms floating around that I could peruse?
More...

Since you asked about what is taught, here is an outline.


Day One Morning 9-12
• Introduction (names) DON
• History of firm.
• Common Terms
• Order Flow DON
• Investing vs. Trading DON
• Listed vs. OTC DON
• Retail vs. Professional - Don
• The "Edge" Don
• Trade through sweeps, liquidity rebates, etc. DON
• Fair Value DON
• Opening Only Prep DON
Afternoon 12:45 –3+
• Players, 15 minutes Don
• Indicators Don
• Q & A Don
• 1:20 Intro Bob
• Relative Strength – ducks Bob
• Momentum Bob
• Ducks Bob
• Review Fundamentals, Bob / Christy
• Basics of Pairs Trading – Bob
Tuesday
Morning 6-12
• Do Openings Don
• Discuss Opening
• Fundamentals vs. Techs (Pairs) Don
• Q & A Session – Don
• RediPlus– Don Mention BTM
• Risk & CAS-Tammy (8-8:45)
• 9:00 – 10:30 Rob: Pairs trading tools, etc. Live Trading example
• 10: 45 Cash Technical and Mental Aspects of Remote Trading.
• Noon: Lunch – return at 1:10
Afternoon 1:15-3
• BTM with Rob (Don Intro)
• U-4 Review BT requirements Tammy

Wednesday
Morning 6-1 (3 breaks)
• Do Opening Don
• Discuss Boot Camp Don
• Review U-4 – collect Don
• TAPE reading Don
• Reading Indicators (Prem/disc +) Don
• Business Plan Overview Don.
• Live Trading 9:00 – 10:00 Randy
• Office and Remote Bobby/Randy
• 10:15-11:00 Don will cover:
• Psychology
• Behavioral Consequences
• Discipline, Risk, etc.
• Rebalancing + Quarter end. (window dressing, etc.)
• 11:00 – 11:45 Rob and Cash review Q&A period.
• 11:45 Introduce Kevin / IT specialist
• Lunch 12:00-12:45

Afternoon 12:45 – 3:00
• MOC Viewing/discussion-Don
• Review + paperwork/ Don
• 1:30 Strategies with examples (ours and students). Bob +
• Ducks – R/S, etc. review
• Discuss Full Day of Trading Bob+
Trading Strategies covered and reviewed
Opening Only Orders
Scalping
Post Opening (sectors, etc.)
Relative Strength
Momentum
M & A Spreads
Pairs
Contrarian-Volatility
Break-outs


Dismiss approximately 3PM

Basic outline for 3 day training program.

Don
 
Quote from Don Bright:



[BIG SNIP]
....
Trading Strategies covered and reviewed
Opening Only Orders
Scalping
Post Opening (sectors, etc.)
Relative Strength
Momentum
M & A Spreads
Pairs
Contrarian-Volatility
Break-outs


Don
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Thanks for posting that. I bet it's on your website somewhere but I hadn't seen it until now. Would be interested to see what other programs include.
 
Quote from artis74:

All you need is 3 days and you have the right to pay insane fees, desk charges and give up 60% of your profits!!

:D
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Or, as in our case...you keep 100% of your profits, and we consider the 3 day class a good starting point. LOL.

I too am curious about other training programs.

All the best,

Don
 
Quote from UDon'tKnowMe:

What you forgot to mention is the cost for your 3 day training program?
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$1000, return for free if you like.

Should probably charge some of that Linda Rashke type money, but we don't, LOL.

Don
 
I think that's a good price for quantity of information you can learn. Especially if you're a total beginner. Would have been nice if there was something like that around here when I first began.
 
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