STAGE 4 COACHING GUIDE

DIVERSIFYING YOUR TRADES

Stage 4

Coaching Guide

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_______________© 2020 Locke in Your Success, LLC._______________

Table of Contents

STAGE 4 OVERVIEW…………………………….3

STAGE 4 LESSONS………..……………………5

TRADING STRATEGIES TO LEARN ……..8

DAILY TRADING JOURNALING…….………11

GET SUPPORT……………………………………12

LIVE WEBINARS…………………………………14

RECORDINGS FOR LEARNING…………..16

RESOURCES……………………………………..19

SUPPLEMENTAL TEACHINGS……………20

COMPLETION TIMELINE SAMPLE……..25

STAGE 4 ASSESSMENT…………………….35

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_______________© 2020 Locke in Your Success, LLC._______________

STAGE 4 OVERVIEW

To review, in Stage 1 you learned the majority of the fundamentals in trading, and you paper traded the Bull trading strategy for at least one trade cycle. In Stage 2, you live traded the Bull according to the guidelines with the written trade plan you had created and you did this consistently for at least three consecutive trade cycles. In Stage 3, you acquired the 3 C’s; Confidence, Consistency, and Clarity by trading a more complex and active strategy for at least three trade cycles. That preparation has led you to Stage 4 where you will use all the elements from Stages 1 through 3 of consistently having a plan, and following that plan with a consistent trading size to increase your knowledge about the mechanical skills of trading.

Our goal in Stage 4 is to diversify your trading skills and master your understanding other types of positions that are complementary to the M3.4u in different types of environments so that you can acquire the skills necessary to create consistent income as conditions change in the marketplace. You will know what strategy to apply and when to apply it. I believe it doesn’t matter how many strategies you know, what really matters is that you learn to effectively apply what you know.

I want to give you a heartfelt CONGRATULATIONS because a lot of traders know many techniques but very few traders actually get to Stage 4 because they’re not utilizing those strategies effectively, nor are they doing them consistently, nor do they fully understand the long term implications of the way they are trading. You are just about ready to start your Masters level training! Any trader who has not been consistently following a plan, or has been varying capital levels based on emotion, or strategy hopping belong in Stage 3 because learning new trading strategies on top of bad habits will not help them become a successful trader long-term.

The objectives of traders in Stage 4 begin to vary. It comes down to the difference of deciding to be a subjective or a non-subjective trader. It is definitely an individual decision and greatly should depend on a person’s trading beliefs.

A non-subjective or a rule based trader must recognize that regardless of the strategy he trade, he will experience variable returns based on how his particular strategy happens to match up to the market at any given time. If you are a non-subjective trader, I recommend you stay in the GO membership but I highly recommend adding the Trading Performance Membership at this point because the Trading Performance Membership is fantastic for all types of traders and will help you tremendously.

A subjective trader will increase their odds to experience more consistent, higher returns. In order to accomplish that, we really need to do more than put on the same trade or set of trades every cycle and hope that the market gives us what we want. We need to be able to adapt to the market. That is what this Stage 4 is all about. Bringing in the skills needed to advance to the PRO level and successfully trade in any market.

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_______________© 2020 Locke in Your Success, LLC._______________

STAGE 4 OVERVIEW (continued)

To become a successful, subjective trader long-term, you’re going to need to learn other trading strategies which will require a financial commitment but in the end it will be well worth it. For the RUT, in addition to the M3.4u, I suggest you learn the V32, M3, Bearish Butterfly, and the ROCK. For the SPX, I suggest the three trades in the X4 Trading System. Whether you want to learn the RUT or the SPX suggested trading strategies is an individual decision but these are the strategies we will be basing our Trading With The Pros sessions on in Stage 5.

During this stage it is easy to become overwhelmed because there’s a lot to learn and by now some people tend to get stressed about results. I encourage you to take it slow, focus on learning about the strategies and preparing for the next stage. As always, we are here to help so if you have any questions or concerns. Please ask, ask,ask. Let us know how you’re feeling, share your successes and challenges.

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_______________© 2020 Locke in Your Success, LLC._______________

STAGE 4 LESSONS

As you progress through the Stage 4 Coaching Guide, you may feel as though you are missing some fundamental concepts. If so, please click here to review the Stage 3 Coaching Guide which will help you fill in any gaps in knowledge that you may have. If you find that after a review of material that the concepts are still not clear, please refer to the Support section below and get some support!

You can always find the Fundamentals In Trading Library or FIT lessons in the Locke Options Community on the GO or PRO dashboard by clicking this icon:

Remember that you can always go back to any of the FIT lessons to fill in any gaps in your trading foundation. The lessons are self-paced and the speed at which someone goes through the lessons is very dependent on the person’s learning style and knowledge level. We offer a sample completion schedule in this guide to help you plan your learning according to your goals.

Let’s start learning!

One of the most important decisions in Stage 4 will be what trading strategies you will add to your trading tool box. The following video will help to clarify how the trades work together.

Bonus 3 – Achieving More Consistent Returns; Putting The Pieces In The Right Place

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_______________© 2020 Locke in Your Success, LLC._______________

STAGE 4 LESSONS (continued)

If you haven’t already reviewed lessons 5 through 8 which cover the basics of Technical Analysis, now is the time to take about 95 minutes to review them. These lessons are very important if your ultimate goal is to become a PRO trader who maximizes consistency and returns through adapting to the marketplace.

Lesson 5Technical Analysis 101 Part 1 of 4 (16 minutes)
Basics of technical analysis, chart reading, and chart set up
Lesson 6Technical Analysis 101 Part 2 of 4 (15 minutes)
Trend, Trend reversals, and volume
Lesson 7 Technical Analysis 101 Part 3 of 4 (48 minutes)
Charting basics. Why technical analysis works. Support and resistance. Trend and volume.  Price patterns.
Lesson 8Technical Analysis 101 Part 4 of 4 (15 minutes)
Putting technical analysis together. How to properly analyze a chart.

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_______________© 2020 Locke in Your Success, LLC._______________

STAGE 4 LESSONS (continued)

Lessons 19 -20 are about subjectivity, scaling procedures, and modifying entries and exits. The concepts in these videos are extremely useful and I would even say necessary to review as they teach you how to handle subjectivity and deal with many of the “what if” questions that tend to come up about modifying positions and trading methods. The concepts discussed in the lessons are demonstrated on the Bull but are applicable to all complex options trading strategies and contain important “need to know” information for those who wish to modify trades in various ways.

Lesson 19The Bull Trade – Part 3 (36 minutes)
Timing and scaling concepts. Degrees of subjectivity to improve probabilities. Different types of markets and timing the market.
Lesson 20The Bull Trade – Part 4 (46 minutes)
Modifying exits. Profit Targets. Continuous reset. Scaling entries.

Lesson 21 is critical. It is the most important lesson in the program and I recommend all traders fully understand this video. Watch this 5 times before live trading!!!! There is a lot of critical information regardless of what a person trades. Lesson 20A was created to help students get better trade execution for their live trading.

Lesson 20ASupplemental Lesson: Live Trade Execution (8 minutes)
Tips on live trade execution.
Lesson 21How To Build Wealth Long Term; Money Management and Trading Size (42 minutes)
Create a spending plan. Trading vs. Investing. Ways to invest. Increasing your position size.

Now as you progress through this stage be sure to remain focused. If for any reason you feel overwhelmed or confused, please reach out and ask for support that’s why we’re here!!!

 

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_______________© 2020 Locke in Your Success, LLC._______________

TRADING STRATEGIES TO LEARN STAGE 4 – RUT

At the beginning of Stage 4 we suggest a trader to decide to focus on either the Russell 2000 or RUT family of trades or the S&P 500 or SPX family of trades in order to avoid confusion and/or overwhelm. Once the trader is proficient in either the RUT or SPX, it is fine to explore the other set of trades.

We will outline those trading strategy options below starting with the Stage 4 RUT trading strategies:

The M3.4u Trading Strategy

The M3.4u is a simple yet effective rule-based broken wing butterfly strategy that was designed to be traded on the Russell 2000 index. It has a minimum capital requirement of $2,500 and takes about 15 minutes a day to manage. Click here to learn more!

Follow this trading strategy and watch recordings on the Options Trading for Income by the Guidelines weekly webinars. This trading strategy is for Trading Success Blueprint traders in Stage 3 and above to focus on.

The V32 Trading Strategy

The V32 is a rule-based broken wing butterfly trading strategy that was designed to be traded on the Russell 2000 index. It has a minimum capital requirement of $3,500 and takes about 15 minutes a day to manage. Click here to learn more!

Follow this trading strategy and watch recordings on the Options Trading for Income by the Guidelines weekly webinars. This trading strategy is for Trading Success Blueprint traders in Stage 3 and above to focus on.

The M3 Trading System

The M3 is a concept-based teaching system designed to be traded on the Russell 2000 index which offers many different configurations. The minimum capital requirement is $5,000 with a profit target of 10% which takes about 30 minutes a day to manage. Click here to learn more!

Follow this trading strategy and watch recordings on the Options Trading for Income by the Guidelines weekly webinars. This trading strategy is one for Trading Success Blueprint traders in Stage 4 and above to focus on.

 

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_______________© 2020 Locke in Your Success, LLC._______________

TRADING STRATEGIES TO LEARN STAGE 4 – RUT (continued)

The Bearish Butterfly Trading Strategy

The Bearish Butterfly is a rule-based trading strategy designed to be traded on the Russell 2000 index. The minimum capital requirement is $5,000 with a profit target of 10% to 30% which takes about 30 minutes a day to manage. Click here to learn more!

Follow this trading strategy and watch recordings on the Options Trading for Income by the Guidelines weekly webinars. This trading strategy is one for Trading Success Blueprint traders in Stage 4 and above to focus on.

The ROCK Trading System

The ROCK is a concept-based trading system designed to be traded on the Russell 2000 index that combines the power of the ROCK, M3, and the Bearish Butterfly trading strategies. The minimum capital requirement is $5,000 with a profit target of 20% which can take up to 30 minutes a day to manage. The M3 and the Bearish Butterfly trading strategies are prerequisites to the ROCK. Click here to learn more!

Follow this trading strategy and watch recordings on the Options Trading for Income by the Guidelines weekly webinars. This trading strategy is for Trading Success Blueprint traders in Stage 4 and above to focus on.

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_______________© 2020 Locke in Your Success, LLC._______________

TRADING STRATEGIES TO LEARN STAGE 4 – SPX

The X4V14 Trading Strategy

The X4V14 trading strategy is one of three trading strategies that are taught in the very comprehensive X4 training system which is designed to be traded on the Standard and Poor 500 index. This rule-based strategy has a  minimum capital requirement is $2,250 with a profit target of up to 11% and takes about 15 minutes a day to manage. Click here to learn more!

Follow this trading strategy and watch recordings on the Options Trading for Income by the Guidelines weekly webinars. This trading strategy is for Trading Success Blueprint traders in Stage 3 and above to focus on.

The X4V17 Trading Strategy

The X4V17 trading strategy is one of three trading strategies that are taught in the very comprehensive X4 training system which is designed to be traded on the Standard and Poor 500 index. This rule-based strategy has a  minimum capital requirement is $3,500 and takes about 15 minutes a day to manage. Click here to learn more!

Follow this trading strategy and watch recordings on the Options Trading for Income by the Guidelines weekly webinars. This trading strategy is for Trading Success Blueprint traders in Stage 3 and above to focus on.

The X4V22 Trading Strategy

The X4V22 trading strategy is one of three trading strategies that are taught in the very comprehensive X4 training system which is designed to be traded on the Standard and Poor 500 index. This concept-based strategy with a subjective edge has a  minimum capital requirement is $7,000 and takes about 15 minutes a day to manage. Click here to learn more!

Follow this trading strategy and watch recordings on the Options Trading for Income by the Guidelines weekly webinars. This trading strategy is for Trading Success Blueprint traders in Stage 4 and above to focus on.

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_______________© 2020 Locke in Your Success, LLC._______________

DAILY TRADE JOURNALING

All top-performing professionals have certain things in common. One of those things is to have a plan, to monitor that plan, and then to do a trade review, or a debrief once the trade is completed. In Stage 2 we taught you to create a trading plan, with the addition of these more active and complex positions, it is even more important to monitor your trade AND yourself daily. A daily trade journal is the best way to do that.

We highly recommend clicking here to watch a video on our Trading Journals Membership. Whether you subscribe to our journaling software, use a spreadsheet, or a pad of paper isn’t important. What is important is that you journal specific things consistently every day to monitor your trade and yourself. Our hope is that this becomes a habit that you will take with you in your trading which will certainly increase your chances for success in trading!

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_______________© 2020 Locke in Your Success, LLC._______________

GET SUPPORT

ONE-ON-ONE COACHING can be very effective and targeted to your specific needs. In these one- hour sessions, you can confidentially share your personal situation with your coach. He is there to help you navigate efficiently and effectively toward your goals. GO and PRO members will find discounts on these services. Go to the Discounts page to take advantage of them. Click here to learn more about one-on-one coaching.

GROUP FORUMS are available in the Locke Options Community for every trading strategy and performance course where you can get answers to your burning questions. Every webinar series has its own forum as well, allowing you to post topics or questions in advance and get the most comprehensive, prepared answers during the Options Trading for Income, Market Outlook, Trading With The Pros, GO Ask A Trader, or Trading Performance sessions.

LIVE WEBINARS: During every live webinar you have the opportunity to use your GoToWebinar control panel to type into the question pane for the presenters to answer. It is always encouraged that you join the live sessions whenever possible however, if you are unable to join, you will still have the ability to get your questions answered by posting them 48 hours in advance in the Group Forum for that webinar.

MINI ONE-ON-ONE COACHING is offered in our GO Ask A Trader and Trading Performance sessions. This is where you will have the opportunity to share a trading challenge you are having with a coach, who will then provide you coaching on that specific challenge to help you overcome it. The coaching will be in the public meeting and is limited to about 15 minutes.

LOCKE OPTIONS COMMUNITY CHAT is always available in the bottom right of any screen when you are logged into the community. Look for the blue box that says “Click here to chat!” Use it anytime to chat with anyone!

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_______________© 2020 Locke in Your Success, LLC._______________

GET SUPPORT (continued)

GO AND PRO MEMBER SKYPE GROUPS are another way we stay connected as a community for time-sensitive answers since it is very convenient for many of our students. Join us and stay connected.

ANNUAL TRADER CHECK-UP is a personal one-on-one session with John Locke which is offered to our PRO members who have been a member for at least 12 consecutive months or more. It is a great way to connect and adjust your course if needed.

EMAIL or DIRECT MESSAGING to our coaches should only be used when they request follow up in that manner, or when something is very personal in nature or urgent for them specifically. All our coaches are professional traders and want to enjoy their personal time as well. Realize they would love to help everyone; however, it is ineffective for them to support hundreds of students if everyone is sending emails or direct messaging them. Please be respectful of their time and use the Group Forums, Webinars, and the GO and PRO member Skype groups as much as possible. If they are able to respond to your question, they will do so there. If not, another supportive member will do so. We are all in this together!

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_______________© 2020 Locke in Your Success, LLC._______________

LIVE WEBINARS

Options Trading for Income (OTFI) by the Guidelines Weekly Webinar (available to GO and PRO members)

During this stage, you should focus listen carefully and follow all of trading strategies presented. The terms referred to in the Fundamentals In Trading or FIT Dictionary should be easily understood for the Stage 4 trader. Use the Tlogs to follow the trading strategies and to check your results of the weekly trades.

Feel free to ask questions either in the Options Trading for Income by the Guidelines group forum prior to the live session or during the live session in the Questions box in the GoToWebinar control panel.

We strive to have the recordings of these sessions posted within 48 hours of the presentation. Once the recording is ready to view, it will be posted in the community chat, group forum, and in the private Skype groups.  You will find these recordings by clicking the Options Trading for Income icon on the GO or PRO member dashboard in the Locke Options Community. Then click on the hyperlink for the current year. You will find the most recent episode at the top of the page.

Of course, you are free to ask questions after the session in the group forum as well where a monitor or a supportive trader will answer.

 

GO Ask A Trader (available to PRO, GO, and Trading Performance members)

This is a great opportunity for a Stage 4 trader to ask trading strategy questions and receive live coaching.

Feel free to ask questions either in the GO Ask A Trader group forum prior to the live session or during the live session in the Questions box in the GoToWebinar control panel.

We strive to have the recordings of these sessions posted within 48 hours of the presentation. Once the recording is ready to view, it will be posted in the community chat, group forum, and in the private Skype groups.  You will find these recordings by clicking the GO Ask A Trader icon on the GO or PRO member dashboard in the Locke Options Community. You will find the most recent episode at the top of the page.

Of course, you are free to ask questions after the session in the group forum as well which a monitor or another supportive trader will answer for you.

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_______________© 2020 Locke in Your Success, LLC._______________

LIVE WEBINARS (continued)

 

Market Outlook Weekly Sessions (if you are a Market Outlook member)

These sessions provide extremely critical, and actionable, information for subjective traders. If you are focusing on trading by the guidelines only, and you choose to be a Market Outlook member, then the information in these sessions should be used only to gain an understanding of technical analysis, trading terms, and acronyms. Period. If you want to be subjective, great! Learn to be subjective effectively but you’ve truly chosen to be non-subjective, then be non-subjective effectively.  But please do not go half way. Do not call yourself non-subjective while trading subjectively as it will result in poor performance.

 

Trading Performance Sessions (if you are a Trading Performance member)

These sessions are for any type of trader at any stage. The lessons will help you to gain an understanding of how a person can become a successful trader. These types of lessons become increasingly important in Stages 4 and 5

 

 

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_______________© 2020 Locke in Your Success, LLC._______________

RECORDINGS FOR LEARNING

These recordings can be found by clicking the icons on your PRO or GO member dashboards

Options Trading for Income by the Guidelines (available to PRO and GO members)

There is a huge library full of hundreds of episodes you have access to, sorted by year.  It is recommended that you use the available Tlogs to back test and compare your results for the trading strategies you are trading or may trade in the future.

There is also a video that would be helpful on how to get the most from these sessions:

Successful Options Trader of the Month (available to PRO and GO members)

There is a large library of presentations by successful options traders that you can watch over time. In Stage 4 I would recommend watching the following presentations if you haven’t already seen them:

Episode 9 – John – Trades the Rock & M3 on the RUT

Episode 37 – Dave – Trades the X4V22 & X4V17 on the SPX

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_______________© 2020 Locke in Your Success, LLC._______________

RECORDINGS FOR LEARNING (continued)

Bonus Presentations (available to PRO and GO members)

With your GO or PRO membership, you have access to some Bonus presentations we have offered over the years. If you are new to trading and pay taxes in the US you might be interested to watch some of the Trader Tax Talk recordings that are available to become acquainted with how your trading may affect your payment of taxes.

 

 

GO Ask A Trader (available to PRO, GO, and Trading Performance members)

You will start to build your GO Ask A Trader session library your first month of membership. For any live sessions, you have access to, you will receive a recording that is available for as long as you remain a monthly subscribing member.

Anything you want to ask, please do! In Stage 4 you will have some trading experience to draw from! Use this resource.

 

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_______________© 2020 Locke in Your Success, LLC._______________

RECORDINGS FOR LEARNING (continued)

Market Outlook Weekly Sessions (if you are a Market Outlook member)

You will have access to the entire Market Outlook session library.

These sessions provide extremely critical, and actionable, information for subjective traders. If you are focusing on trading by the guidelines only, and you choose to be a Market Outlook member, then the information in these sessions should be used only to gain an understanding of technical analysis, trading terms, and acronyms. Period. If you want to be subjective, great! Learn to be subjective effectively but you’ve truly chosen to be non-subjective, then be non-subjective effectively.  But please do not go half way. Do not call yourself non-subjective while trading subjectively as it will result in poor performance.

 

Trading Performance Sessions (if you are a Trading Performance member)

You will start to build your Trading Performance session library in your first month of membership. For any live sessions, you have access to, you will receive a recording that is available for as long as you remain a monthly subscribing member.

These sessions are for any type of trader at any stage. The lessons you will gain is to will help you to gain an understanding of how a person can become a successful trader.

 

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_______________© 2020 Locke in Your Success, LLC._______________

RESOURCES

There is a Resources page in the community that has lots of content for you to learn from.

The Profit Projections spreadsheets are a summary of trade results from the strategies that have been reviewed on the Options Trading for Income weekly webinars over the years. It is suggested that you focus on the RUT or SPX family of trades you have decided to work on.

A couple of important tools a trader would use is being able to take snapshots of charts, drawing tools for the charts, and recording of video. Links to some of those resources can be found on this page.

 

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_______________© 2020 Locke in Your Success, LLC._______________

SUPPLEMENTAL TEACHINGS

Stage 4 suggestions:

far-out-m3-squareFar Out M3

This trade has very similar guidelines as the popular M3 trade but is easier to manage, earns the normal returns of an M3 but uses less money! The session includes the trading guidelines, back test results (spreadsheet included), pricing and fill discussions, the benefits of using weekly calls, and the option of using the FOM3 as the start of your monthly M3 trade.


Design A Trade; Trade Lab

This session deals with defining parameters. We use M9 design as an example of designing a trade and discuss the processes with the pros and cons of different trade methods.


What To Do With Options Skew?

What is skew? What does it mean? How do we utilize it? These questions and many more are answered!

 

 

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_______________© 2020 Locke in Your Success, LLC._______________

SUPPLEMENTAL TEACHINGS (continued)


M3LT Trade Lab

In this session, we discuss the benefits of the long-term M3 (M3 LT) and how much easier it is to trade in the current volatile markets by going further from expiration.


ROCK’in 2018

This trade is just LOVED by traders for the knowledge and returns it provides. So much so that we produced this special Enriching Session that demonstrates multiple examples of the ROCK through many of the challenging price movements in 2018.


Roll Baby Roll Trade Lab

The Roll Baby Roll Trade is used as an example of designing a trade and discuss the processes with the pros and cons of different trade methods.

 

 

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_______________© 2020 Locke in Your Success, LLC._______________


SUPPLEMENTAL TEACHINGS (continued)

Stage 3 suggestions which apply to any stage:

How To Build Winning Trade Plans

Learn the #1 objective of a trading plan and ensure that plan leads to you accomplishing your established goals. Also included are the critical elements to include in your plans like risk criteria, profit target, expected profit, proper entry, and exit criteria. How to plan for a market crisis. The best way to incorporate a review and improvement procedure. Then ultimately if your goal is to trade as a business how to build a trading business plan.


Reading Your T+0 Line

Follow the T+0 line and learn what you need to know about it reacts with the Greeks, price movement, ratio spreads, upside and downside risk.

 

 

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_______________© 2020 Locke in Your Success, LLC._______________

SUPPLEMENTAL TEACHINGS (continued)

Stage 1 and 2 suggestions which apply to any stage:

Performance Parking Portfolio

This session is for traders who would like to earn returns similar to a mutual fund or an index fund with liquidity as part of their portfolio to be less subject to the volatility of the market without any transaction fees. It is called the Performance Parking Portfolio and it includes a calculating worksheet to keep your portfolio balanced.


Boost Trading Results Through Proper Back Testing; The Five Stage Process – Part 1

This session is for traders who would like to learn a proper five-stage process of back testing a trading strategy. It will answer questions like: Why are my back testing results great but my live trading results are not? Is the system likely to work with my schedule and risk tolerance? How am I going to mechanically trade this thing?


Boost Trading Results Through Proper Back Testing; The Five Stage Process – Part 2

In Part 2 we will discuss evaluating risk vs. reward. It will answer questions like: How am I going to handle large moves, overnight gaps, and catastrophic situations? What are the steps in the trade debrief process? Finally how to create a success loop to skyrocket your results!

 

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_______________© 2020 Locke in Your Success, LLC._______________

SUPPLEMENTAL TEACHINGS (continued)

Stage 1 and 2 suggestions which apply to any stage:


Managing Risk When Entering, Exiting, or Rolling Positions

This session by Dave Thomas shows how to minimize the impact of market movement on P&L when entering, exiting, and adjusting complex options positions as well as how to pick a good time to enter a trade, and how to develop a process to minimize risk. One way to minimize risk is to use the Trade Execution Planner Tool provided with this session.


The Winning Trade

This is a free series available to anyone, please share and help your fellow traders!!!!

View some great trading strategy winners like these: The M3.4u in Episode 4, the X4V14 in Episode 8, the X4V17 in Episode 1& 10 


Trading Performance Podcast

These complimentary episodes are for any type of trading at any stage. Please share and help your fellow traders!!!!

The material presented will assist you to become a successful trader.

 

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_______________© 2020 Locke in Your Success, LLC._______________

COMPLETION TIMELINE SAMPLE

Working on anything at the Master level takes extra time and effort. It is recommended that you set aside up to four hours per week or up to 16 hours per month, to work on your Master trader course work. Please remember that it is essential to be responsible with the capital you have available for trading. Your personal risk capacity combined with your skill and experience level should determine whether or not you should have more than one trade on at a time as the sample shows below.

Note: It’s important that you realize that we are exposing you to many different trading strategies for the purpose of allowing you to explore different types of strategies while building your skill levels and your understanding about the strengths and weaknesses of the various types of positioning, entry, exit, and adjustment strategies. For the non-subjective trader, this will help you choose or create a non-subjective strategy to trade on a regular basis that matches your personal situation and believes about the market. For the subjective trader, this will help you understand which types of positioning, entry, exit, and adjustments to use when you want to adapt to market conditions in order to maximize your consistency and returns.  It is important to be exposed to all the strategies during your learning however, It is NOT recommended that you attempt to trade all the strategies at the same time. Please take the time to learn and understand the strategies, and then limit yourself to one, or a select few, strategies to actually trade with.

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_______________© 2020 Locke in Your Success, LLC._______________

This is a sample schedule to complete this stage may look like this with approximate times for completion:

MONTH 1 – (14.1 hours)
FIT Bonus 3 –Achieving  More Consistent Returns; Putting The Pieces In The Right Place – (85 minutes)
FIT Lessons – Technical Analysis –Lesson 5, Lesson 6, Lesson 7, and Lesson 8 – (94 minutes)
FIT Lessons – Lesson 19, Lesson 20, Lessons 20A, and Lessons 21 (132 minutes)
Enter a live Bull trade in accordance with your written trading plan (15 minutes) 
Monitor the live Bull trade in accordance with your written trading plan each trading day and exit if necessary (5 minutes per day for approximately 19 trading days = 95 minutes)
Enter a live M3.4u trade in accordance with your written trading plan (15 minutes) 
Monitor the live M3.4u in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums that are available and where to post your questions or share your knowledge
TIME TO TAKE ACTION! – Select the RUT or SPX family of trading strategies to start your Master Level course work!

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_______________© 2020 Locke in Your Success, LLC._______________

MONTH 2 – (14.3 hours)
Trading strategy course work on the RUT – V32 course classes 1 – 4 (325 minutes) or SPX – X4 course Phase 1 – classes 1 – 4 (313 minutes)
Monitor the live Bull trade in accordance with your written trading plan each trading day and exit if necessary; Exit trade and enter following cycle according to plan (5 minutes per day for approximately 19 trading days = 95 minutes) 
Enter a live M3.4u trade in accordance with your written trading plan (15 minutes)
Monitor both live M3.4u trades in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums available and where to post your questions or share your knowledge

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_______________© 2020 Locke in Your Success, LLC._______________

MONTH 3 – (15.4 hours)
Back test the trading strategies since 2011 RUT – V32 (240 minutes) or SPX – X4V14 (240 minutes)
Trading strategy course work on the RUT – M3 course session 1 – 4 (142 minutes) or SPX – X4 course Phase 1 – classes 5 – 6 (151 minutes)
Monitor the live Bull trade in accordance with your written trading plan each trading day and exit if necessary; Exit trade and enter following cycle according to plan (5 minutes per day for approximately 19 trading days = 95 minutes) 
Enter a live M3.4u trade in accordance with your written trading plan (15 minutes)
Monitor the live M3.4u in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums available and where to post your questions or share your knowledge

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_______________© 2020 Locke in Your Success, LLC._______________

MONTH 4 – (15.7 hours)
Back test the trading strategies since 2011 RUT – M3 (240 minutes) or SPX – X4V17 (240 minutes)
Trading strategy course work on the RUT – M3 course session 5 & Bonus 1 – 3 (245 minutes) or SPX – X4 course Phase 2 – class 1 – 3 (219 minutes)
Create a written trading plan for an RUT – V32 or SPX – X4V14 trading strategy (30 minutes)
Enter a live RUT – V32 or SPX – X4V14 trade in accordance with your written trading plan (15 minutes)

Note: At this point you may either continue to enter the previous strategies (Bull, M3.4u, etc.) as you learn from live trading this new strategy, or you suspend entering those positions. In any event, continue to finish the trades in progress. Consider your available capital, your schedule, overlapping trades, and individual mental capacity when making this choice.

Monitor the live RUT – V32 or SPX – X4V14 trade in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums available and where to post your questions or share your knowledge

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_______________© 2020 Locke in Your Success, LLC._______________

MONTH 5 – (13.5 hours)
Trading strategy course work on the RUT – Bearish Butterfly session 1 – 4 (105 minutes) or SPX – X4 course Phase 2 class 4 & Phase 3 class 1 (163 minutes)
Create a written trading plan for an RUT – M3 or SPX – X4V17 trading strategy (30 minutes)
Enter a live RUT – M3 or SPX – X4V17 trade in accordance with your written trading plan (15 minutes)

Note: At this point you may either continue to enter the previous strategies (Bull, M3.4u, etc.) as you learn from live trading this new strategy, or you suspend entering those positions. In any event, continue to finish the trades in progress. Consider your available capital, your schedule, overlapping trades, and individual mental capacity when making this choice.

Monitor the live RUT – M3 or SPX – X4V17 trade in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Continue to monitor the live RUT – V32 or SPX – X4V14 trade, or any live trades you have going, in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums available and where to post your questions or share your knowledge

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_______________© 2020 Locke in Your Success, LLC._______________

MONTH 6 – (16.8 hours)
Back test the trading strategies since 2011 RUT – Bearish Butterfly (240 minutes) or SPX – X4V22 (240 minutes)
Trading strategy course work on the RUT – ROCK day 1 – 6 (138 minutes) or SPX – X4 course class Phase 3 class 2 – 3 (150 minutes)
Enter a live RUT – M3 or SPX – X4V17 trade in accordance with your written trading plan (15 minutes)

Note: At this point you may either continue to enter the previous strategies (Bull, M3.4u, etc.) as you learn from live trading this new strategy, or you suspend entering those positions. In any event, continue to finish the trades in progress. Consider your available capital, your schedule, overlapping trades, and individual mental capacity when making this choice.

Monitor the live RUT – M3 or SPX – X4V17 trade in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Continue to monitor the live RUT – V32 or SPX – X4V14 trade, and any other active trades, in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums available and where to post your questions or share your knowledge

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_______________© 2020 Locke in Your Success, LLC._______________

MONTH 7 – (15.8 hours)
Back test the trading strategies since 2011 RUT – ROCK (240 minutes)
Trading strategy course work on the RUT – ROCK Bonus Incremental Adjustability (60 minutes) or SPX – X4 course class Phase 3 class 4 & Phase 4 class 1 (161 minutes)
Create a written trading plan for an RUT – Bearish Butterfly or SPX – X4V22 trading strategy (30 minutes)
Enter a live RUT – Bearish Butterfly or SPX – X4V22 trade in accordance with your written trading plan (15 minutes)
Monitor the live RUT – Bearish Butterfly or SPX – X4V22 trade in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)

Note: At this point you may either continue to enter the previous strategies (Bull, M3.4u, etc.) as you learn from live trading this new strategy, or you suspend entering those positions. In any event, continue to finish the trades in progress. Consider your available capital, your schedule, overlapping trades, and individual mental capacity when making this choice.

Continue to monitor the live RUT – M3 or SPX – X4V17 trade, and any other active trades, in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums available and where to post your questions or share your knowledge

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_______________© 2020 Locke in Your Success, LLC._______________

MONTH 8 – (13.5 hours)
Trading strategy course work on the RUT – ROCK Bonus Incremental Adjustability & Q & A February 2019 (154 minutes) or SPX – X4 course class Phase 4 class 2 & 3 (197 minutes)
Create a written trading plan for an RUT – ROCK trading strategy (30 minutes)
Enter a live RUT – ROCK or SPX – X4V22 trade in accordance with your written trading plan (15 minutes)

Note: At this point you may either continue to enter the previous strategies (Bull, M3.4u, etc.) as you learn from live trading this new strategy, or you suspend entering those positions. In any event, continue to finish the trades in progress. Consider your available capital, your schedule, overlapping trades, and individual mental capacity when making this choice.

Monitor the live RUT – ROCK or SPX – X4V22 trade in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Continue to monitor the live RUT – Bearish Butterfly or SPX – X4V22 trade, and any other active trades, in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums available and where to post your questions or share your knowledge.

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_______________© 2020 Locke in Your Success, LLC._______________

MONTH 9 – (8.2 hours)
Trading strategy course work on the RUT – Bearish Butterfly in an Extreme Bull Market (66 minutes) or SPX – X4 course class Phase 4 class 4 (67 minutes)
Enter a live RUT – ROCK or SPX – X4V22 trade in accordance with your written trading plan (15 minutes)
Monitor the live RUT – ROCK or SPX – X4V22 trade, and any other active trades, in accordance with your written trading plan each trading day and have written in a journal my reasons for adjusting, not adjusting, or exiting the position. (10 minutes per day for approximately 19 trading days = 190 minutes)  
Options Trading for Income – attend live or watch the recording each week (30 minutes per session X 4 monthly sessions = 120 minutes)
GO Ask A Trader session – attend live or watch the recording (60 minutes) 
Group Forums – (10 minutes per week x 4 = 40 minutes) Visit the All Groups page to get familiar with all the different groups’ forums available and where to post your questions or share your knowledge

 

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_______________© 2020 Locke in Your Success, LLC._______________

STAGE 4 ASSESSMENT

Are you ready to go on to Stage 5? Yes No
1. I have continuously followed the Options Trading for Income and Go Ask a Trader webinars.
2. I have watched FIT Lessons 19-21 and Bonus 3 video.
3. I fully understand the trading strategies in the RUT or SPX family of trades. I understand when each of those strategies is likely to do well and when they are likely to do poorly.
4. I have a documented plan for each of my strategies and I have written in my daily trading journal my reasons for adjusting, not adjusting, or exiting and I have found that I have consistently followed my plan.
5. I have traded each of my strategies live for at least 3 months or trade cycles and have monitored the trades at least once per day.
6. I have a very good understanding of Technical Analysis and Implied Volatility Analysis, and I understand how to create my own custom Trade Plans (If you need additional assistance, please consider the Ultimate Income Trader)
7. I want to improve my consistency and returns by learning how to adapt to market conditions and trade more subjectively.

If your answer is mostly Yes, you may consider moving on to Stage 5. If mostly NO, we recommend you spend more time in Stage 4 to gain more knowledge and confidence.

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_______________© 2020 Locke in Your Success, LLC._______________

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