Course Overview: Day Trading Futures
Program for Professional Development
The critical error made by unsuccessful day traders is commencing trading without adequate preparation, resulting in the depletion of their accounts. This mistake engenders self-sabotaging tendencies that are not only challenging but often insurmountable. Learning the art of day trading in the correct manner is of utmost importance.
Day trading introduces a heightened level of emotional involvement. In the midst of these rapidly fluctuating markets, possessing an understanding of the tools employed by institutions and professionals becomes imperative. To avoid going against them, it is necessary to acquire the skills to trade like the professionals.
There exist three foundational principles of order flow trading that necessitate comprehension:
- Monitoring Significant Orders in the Order Book
The ability to interpret the real-time order book is a paramount skill for institutional traders, also referred to as level 2 or “market depth.” Identifying substantial orders enables the prediction of future price movements and aids in determining optimal entry points with minimal risk and heightened probability. Mastery of reading an auction is indispensable for a day trader.
- Observing Changes and Movements in Institutional Orders
Tracking the addition or removal of buy or sell orders in the market is crucial. This proficiency facilitates an understanding of the developing strength and momentum for future market moves. Recognizing orders in motion within the order book is equally vital, as it confirms or refutes price levels and significant market movements. This skill allows one to identify fake-outs, reversals, and continuations.
- Recognizing Market Imbalances
Market orders are instrumental in market movement. Understanding how and when orders are executed is essential. Imbalances aid in pinpointing high-quality entry points, detecting stop runs by retail traders, and identifying locations where substantial trades are executed. This tool alone provides precise entry and trade management, offering a significant advantage in one’s trading strategy.
Course Itinerary
- Lesson 1: Introduction to Futures
- Lesson 2: Market Structure Basics
- Lesson 3: Chart Types
- Lesson 4: Volume Principles
- Lesson 5: Volume Profile / Auction Market Theory
- Lesson 6: Market Correlations
- Lesson 7: DOM & Order Types
- Lesson 8: PRO Inventory Patterns
- Lesson 9: Footprint Charts – Market Imbalances
- Lesson 10: Delta Divergence
- Lesson 11: Trading Zone Formation
- Lesson 12: Risk Management Techniques
- Lesson 13: Pullback Trading Strategies
- Lesson 14: Breakout Strategies
- Lesson 15: Fading Strategies
- Lesson 16: Trade Exit Strategies
- Lesson 17: Account Scaling Plan & Routine
- BONUS: Trade Examples & Demonstrations
More courses from this author: Tradepro Academy
Course Features
- Lectures 1
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes
