What You Should Know About Futures Trading
By Ray Burchett, creator of the Intuitive Development Training Core
June 26, 2019
There are no short-cuts.
There are no magic trading rooms or software.
Playing follow the leader, or letting machines make your decisions, will not build and earn the trust, long-term trading success requires. Self-trust generates the energy needed to patiently wait for the market to align with strategy and conviction to execute as intended.
Foundational education, providing the learning structure guiding and supporting the Observation-Validation Cycle, is essential. Together they develop the foundational trust needed to make your own decisions.
Observing the market in real-time, or through playback simulating real-time i) develops awareness to recognize market structure setting up strategy ii) validates conditions triggering execution and iii) earns respect for increased risk created by market volatility.
The trading environment generates a high volume of information and events, compressed into small time-frames, requiring immediate judgment. Timely decisions cannot be made when a trader is comparing their logic to another entity’s before taking action. Intelligent risk requires unconscious (intuitive) application of a process you have built/modified to your needs; and trust.
Trading success is achieved by consistently waiting for the market to align with strategy and executing as intended.
Strengthening foundational behaviors causing the brain to filter, process, and apply information most effectively will empower you with i) high awareness to target your development efforts and ii) sensitivity for preparedness to direct improvement. Foundational education is better understood and appreciated. Comprehension of information and events, absorbed through the Observation-Validation Cycle, are more complete. Practical application accelerates.
Development of self-trust generating the energy needed to patiently wait, and building the strong conviction to consistently execute, is secured.
Engaging in simulated trading before you have completed foundational education, and validated your strategy and execution logic through the Observation-Validation Cycle, will sabotage your success.
You should not sim trade until you are i) confident in your ability to consistently identify/quantify market state ii) have conviction for the advantages your strategy provides iii) committed to waiting for the market to align with strategy and iv) executing as intended.
Many bad habits are embedded when sim trading is undertaken before the clarity to target efforts, and focus to execute, are developed. Bad trading habits take exponentially more time and effort to undo than to avoid by waiting until you are ready to sim trade.
A daily technical and fundamental briefing routine is essential.
Before each trading day begins you need to make yourself aware of the potential for technical elements, quantified on Daily Charts, to control the market. Significant Highs and Lows, Moving Averages, Fibonacci Retracements, and the Equilibrium Cloud are examples. All too often day-traders lock in on lower time-frames and blind themselves to the major forces controlling price movement.
Awareness for fundamental elements (economic reporting, Fed related activity, earnings reporting, geopolitical factors, policy announcements, legislative and judicial activity) must also be maintained. Intelligent risk requires day-traders to step out of the market ahead of scheduled reporting; and to avoid the market when authoritative comments (jawboning) are creating excessive volatility.
Summary
Please take the time to reflect and dig into these cautions so you can fully appreciate the risks they represent, and secure long-term trading success by neutralizing them.
The high failure rate for aspiring traders is not due to lack of intelligence, desire, or willingness to do the work. Failure is caused by not knowing the work to do.
Step 1:
Step 4:
By Ray Burchett, creator of the Intuitive Development Training Core
June 26, 2019
There are no short-cuts.
There are no magic trading rooms or software.
Playing follow the leader, or letting machines make your decisions, will not build and earn the trust, long-term trading success requires. Self-trust generates the energy needed to patiently wait for the market to align with strategy and conviction to execute as intended.
Foundational education, providing the learning structure guiding and supporting the Observation-Validation Cycle, is essential. Together they develop the foundational trust needed to make your own decisions.
Observing the market in real-time, or through playback simulating real-time i) develops awareness to recognize market structure setting up strategy ii) validates conditions triggering execution and iii) earns respect for increased risk created by market volatility.
The trading environment generates a high volume of information and events, compressed into small time-frames, requiring immediate judgment. Timely decisions cannot be made when a trader is comparing their logic to another entity’s before taking action. Intelligent risk requires unconscious (intuitive) application of a process you have built/modified to your needs; and trust.
Trading success is achieved by consistently waiting for the market to align with strategy and executing as intended.
Strengthening foundational behaviors causing the brain to filter, process, and apply information most effectively will empower you with i) high awareness to target your development efforts and ii) sensitivity for preparedness to direct improvement. Foundational education is better understood and appreciated. Comprehension of information and events, absorbed through the Observation-Validation Cycle, are more complete. Practical application accelerates.
Development of self-trust generating the energy needed to patiently wait, and building the strong conviction to consistently execute, is secured.
Engaging in simulated trading before you have completed foundational education, and validated your strategy and execution logic through the Observation-Validation Cycle, will sabotage your success.
You should not sim trade until you are i) confident in your ability to consistently identify/quantify market state ii) have conviction for the advantages your strategy provides iii) committed to waiting for the market to align with strategy and iv) executing as intended.
Many bad habits are embedded when sim trading is undertaken before the clarity to target efforts, and focus to execute, are developed. Bad trading habits take exponentially more time and effort to undo than to avoid by waiting until you are ready to sim trade.
A daily technical and fundamental briefing routine is essential.
Before each trading day begins you need to make yourself aware of the potential for technical elements, quantified on Daily Charts, to control the market. Significant Highs and Lows, Moving Averages, Fibonacci Retracements, and the Equilibrium Cloud are examples. All too often day-traders lock in on lower time-frames and blind themselves to the major forces controlling price movement.
Awareness for fundamental elements (economic reporting, Fed related activity, earnings reporting, geopolitical factors, policy announcements, legislative and judicial activity) must also be maintained. Intelligent risk requires day-traders to step out of the market ahead of scheduled reporting; and to avoid the market when authoritative comments (jawboning) are creating excessive volatility.
Summary
Please take the time to reflect and dig into these cautions so you can fully appreciate the risks they represent, and secure long-term trading success by neutralizing them.
The high failure rate for aspiring traders is not due to lack of intelligence, desire, or willingness to do the work. Failure is caused by not knowing the work to do.
Step 1:
- Strengthen behaviors causing the brain to filter, process, and apply information most effectively.
- This is the key to making good decisions fast enough to stay ahead of price movement.
- Learning how to develop and support High Intuitive Function is the best way to strengthen and speed up your brain.
- This is the key to making good decisions fast enough to stay ahead of price movement.
- Secure foundational education and learning structure guiding and supporting the Observation-Validation Cycle. This is the key to:
- Developing a strategy placing your strengths against the weaknesses of institution, high frequency, fair value, and retail traders blind to market dynamics.
- Quantifying strategy and triggers directing execution.
- Building the self-trust generating the energy to patiently wait for the market to align with strategy and strong conviction to execute as intended.
- Develop a daily technical and fundamental briefing routine to ensure full awareness for potential of factors and events positioned to impact price movement.
Step 4:
- Refrain from sim trading until steps 1-3 are completed.
"I felt it was like Legos. I had the pieces. Now I know how to snap them together." Richard C.
5 Star Rated Basic Training featuring the Intuitive Development Training Core (IDT):
The 'Zone', 'Flow State', and 'Peak Performance' are used to describe experiences when full potential is realized. Basic Training increases the frequency and intensity of these experiences by strengthening behaviors causing the brain to filter, process, and apply information most effectively. Traders learn how to build the foundational trust generating the energy needed to patiently wait for market to align with strategy; and ensure intended execution.
Full details are here. To preview Basic Training go here.
- Organizes and targets accumulated skill, knowledge, and experience to access and release their collective potential.
- Development accelerates and performance improves as conviction strengthens for who, what, and when to trust starting with self.
- Decisions move and stay ahead of price as Intuitive Development Process keeps leading to better information, analyzing it faster, and making more out of it.
- Aspiring traders learn how to best direct and support improvement and performance.
- Traders struggling to become consistent earners, learn how to see and fill the gaps blocking them from making good decisions fast enough to stay ahead of price movement.
- Successful traders, who know they are capable of more, learn how to secure the outcomes they desire.
- Understanding, knowledge, and tools developed speed up and improve decision-making in all endeavors.
- Traders began using the Intuitive Development Training Core in 2009.
- In 2015, senior intelligence officers working within the Department of Homeland Security began using IDT to see further out on the threat horizon.
The 'Zone', 'Flow State', and 'Peak Performance' are used to describe experiences when full potential is realized. Basic Training increases the frequency and intensity of these experiences by strengthening behaviors causing the brain to filter, process, and apply information most effectively. Traders learn how to build the foundational trust generating the energy needed to patiently wait for market to align with strategy; and ensure intended execution.
Full details are here. To preview Basic Training go here.
5 Star Rated Advanced Training featuring Comprehensive Development Support:
Advanced Training is the product of over 35 years of trading and trader development experience. The combination of i) on-demand leaning modules ii) live on-line daily technical and fundamental briefings* iii) Evening Chartbook & Market Recap (PDF) received on the eve of each trading day, and iv) live on-line weekly review* build technical, strategic, and fundamental foundation. * recorded for those with scheduling conflicts.
Full details are here. To preview Advanced Training go here.
- Develops, strengthens, and supports the analytical process.
- Development accelerates and performance improves as proprietary methods and calculations minimize variables.
- Trading efficiencies are gained as detailed understanding for comprehensive risk management is developed.
- Practical application supported through morning live on-line technical and fundamental briefings; and evening technical analysis summaries (PDF).
- Weekly (Sunday Evening) live on-line technical and fundamental review provides extended time for Q&A.
- ES, Oil, Gold, and 10 Yr. Note are teaching examples. However tools, proprietary methods, and calculations can be applied to any actively traded futures contract or stock.
- Aspiring traders save 100's if not 1000's of hours of development time as they are guided through the Analytical Jungle.
- Struggling traders gain objective perspective for assessing strengths and weaknesses against market competitors; and learn how to position for advantage.
- Successful traders better understand market structure Smart Money waits for and technical factors triggering entry and exit.
Advanced Training is the product of over 35 years of trading and trader development experience. The combination of i) on-demand leaning modules ii) live on-line daily technical and fundamental briefings* iii) Evening Chartbook & Market Recap (PDF) received on the eve of each trading day, and iv) live on-line weekly review* build technical, strategic, and fundamental foundation. * recorded for those with scheduling conflicts.
Full details are here. To preview Advanced Training go here.
Full Year Trader Development Program combines Basic and Advanced Training for those who are ready to commit to long-term trading success. Recording of the January 7, 2019 live on-line Training School Week (broken out into 9 sessions) is included. The School takes a deep dive on Basic and Advanced Training learning modules and integrates real-time market conditions to illustrate practical application.
Full details are here.
Full details are here.
Customer comments share only reported experiences so may not be indicative of all customer experiences.
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Diana Hayes, Stock and Futures Trader. "Your program also helps me in the smallest of ways. I can lose like I did yesterday and still have the confidence and knowledge that I am right and can trade with full confidence the next day like I am doing today. You have really helped me become a professional trader." Pat Rogers, Futures Trader "IDT provided framework for improving market awareness and sensitivity for execution. IDT created new perspective for value creation contributing to improved performance. IDT methods are simple, direct, and sustainable." Mike Burns, Trading Director |
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"IDT got my attention as it was different from all the rest. It promised to work on the parts of the mental process that I knew controlled how I really act. No one else offered anything like it. IDT delivered for me." Ernie Vroom, Futures Trader "IDT has made an exponential difference in my development as a trader. Unlike other trading education I have received, IDT focuses on the core beliefs and key behaviors which come together to help develop the awareness to best anticipate and respond to price movement. IDT has helped me to develop the discipline to only trade when I'm certain, confident, and committed." Michael Bellush, Futures Trader |
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Trading Futures, Options on Futures, and retail off-exchange currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.