It has been a hectic few weeks: partially because I have been implementing the steps to creating a new educational process; partially because I was moving from the Icon to Richmond Park.
As with all things some aspects went without a hitch and with some aspects whatever could go wrong did go wrong.
But that is all behind us.
I am writing this post firstly to thank those who responded to my invitation to attend the May 15, ‘Trade The Missing Link’, 3-hour seminar at the Grand Hyat, Scott’s Road. Because you have supported me in the past, I sent out your invites 24-hours ahead of the announcement to the public and the invites from joint venture partners.
Your response was amazing: in less than 4 hours we had 200 registrations. Thank you!
Since the venue will take only 400, and since over 7000 invitations will be sent out today, I expect to close registrations by tomorrow. So, if you have received an early invite and you intend to register, do so today.
The second purpose for the blog is to share my vision for the new project.
Figure 1 shows what I see as the process in trader development. A beginner does not know what he does not know in all aspects of trading; a novice may be well versed in the technical aspects but is unaware of the success process.
The 3-hour seminar looks to fill this gap.
For the beginner, I will be not only outlining the technical aspects, written trading plan and risk management but also the specific steps needed to succeed. This includes the learning model I adapted to trading that I learned from Ericsson and Coyle.
For the novice, not only will we addressing the components of a robust trading plan and the risk management plan, I’ll also be showing you how to use the learning model to improve discipline; and, I’ll addressing the path you need to take to attain success.
The Competent Trader is one that knows the technical aspects and what he needs to do for success but for the most part, fails to do it. He will obtain some benefits from the technical aspects of the 3-hour seminar but the learning model will best serve him. He’ll learn why will-power alone is not enough and the specific steps to take to improve his discipline.
There is no cost to the 3-hour seminar.
The second stage in the educational process is a 2-day seminar conducted over two Saturdays, May 29 and June 5. I have chosen to do it this way rather than the more cost effective one weekend because the Neurological studies indicate that this is a better learning process. The two days will focus on providing the specific tools to implement the information provided at the May 15, 3-hour seminar.
The third stage is a 12-week webinar that turns the tools and steps in stage 2 into a specific set of habits and routines. Because this step is labour intensive for both the student and instructor, I have selected 4 of my best graduates to assist. Each graduate has been trading for at least years. The ratio of student to facilitator is 10:1 (10 students:1)
The final phase is to create a community whereby traders can come and renew their passion and discipline.
The student-trader can opt-in or opt-out at any one of the four stages.
The nuts and bolts for stages 1 to 3 are in place. The financial cost to the student is a fraction what normal programs cost. For example, a 2-day trading seminar in Singapore is between S$2500 (about US$1900) to S$4,500.00; the cost to attend my 2-day seminar is S$650.00 (about US$500.00).
I am still in the process of finalizing stage 4 but expect it to be up and running towards the end of the year.
Right now I am focusing on creating the program in Singapore. If all goes as planned, we may to expand it to international markets. This depends on my time commitments: I love teaching and it fulfills my desire to leave a legacy. But I also love to trade and that fills my wallet. So I need to balance the two.
By the way, if you are from Singapore and want to see what May 15 is all about, here is the link:
http://www.tradingsuccess.com/EDS/index.html
FIGURE 1 Trader Development
Refer this blog post to a friend or colleague…
