CNN Reports...Software
of the Future
Advanced Babson Graduate Trading Course
This course included the Advanced and Expanded Course.
The course starts off with twenty web based videos, spread
over a period of
one month. To accompany the videos a color manual with over
200 charts is
sent to the student. The student is invited to be in a web
based discussion
group.
Then the student receives all of the material and videos for
the expanded
course.
Then there is the live event.... This is a live seminar or
private day. It
is mostly held in San Diego, but another location may be
substituted. During
the morning videos are seen. After lunch there is a
discussion.
At this seminar VRMM is covered in detail. This is a way
of understanding
the actions of the market that are verified using unique
methods. This is
used to determine where the market is and where It Is going.
You will learn additional new ways to determine turning
points in addition
to those you were shown in the Advanced and Expanded Course.
All of the turning point indicators are placed on what we
call a Pivot Map.
This enables you to have a check list to for each of the
various points.
There will be considerable focus upon Primary, Secondary and
Tertiary lines.
The real time case study video method is used after the
theory is presented.
During the case study you will be shown how he examines the
market step by
step and the resulting forecast in various instruments. The
case study
videos were typically made at the rate of one a day prior to
the seminar and
you will be able to see what happened afterwards.
The objective of the course is to be able to trade
successfully in various
instruments using the Risk Management approach. In his
autobiography, Roger
Babson discussed how the very wealthy of Europe achieved
their wealth by a
very patient risk management model that worked well with
their investment
timing model. It is by combining the two that the high
investment growth is
achieved.
Example of risk management from a great forex trader: All my
trades have
mostly low position sizing. Depending on how many trades I
have going on, I
will risk between 1 and 2%. If there's only one trade I will
risk 2%, if
there are more than 1 I will lower down to 1%. The maximum I
will risk on
all open trades is 4% - meaning 4-6 open trades with 1% risk
or less. All
trades have set sl and tp. I try to have at least 1:1.5 Risk
Reward or
better. I am not focused on pips but on %. A trade might be
of 100 pips
while other of 50, but always looking to make 1.5 more than
what I risk.
In a stock account for example, a determination is made as
to how many
stocks to hold at one time. The maximum initial risk amount
per stock,
starts at about 1/3 of 1% and up to 1% of portfolio value.
The risk reward
is 1:3 or better.
The course objective is to enable you to have the depth and
breath of
understanding necessary in order to manage a portfolio using
the risk
management requirements set forth. Cost is inflation
adjusted according to
the price of gold and prior courses taken from us.
