SX Wealth Master Class Series

Description

Lesson No. 1
ANALYZING MARKETS
Sovereign X presents a discussion of the two primary types of market analysis commonly used to identify trading opportunities.
The definitions of both Fundamental and Technical analysis are established, focusing on the advantages and drawbacks of each. The question of “does technical analysis work?” is answered by examining the progression of academic hypotheses and research on the topic, starting with introducing the Random Walk Theory through the present day. This lesson will help you identify what types of market analysis you should pursue.

Lesson No. 2
STYLES OF TRADING AND INVESTING
Lesson No. 2 describes the various technical analysis and technical trading types, along with tips on choosing the most appropriate kind of analysis for you, then putting all the tools together for an approach that fits your preferences and requirements.

Lesson No. 3
THE THREE BIGGEST MISTAKES THAT TRADERS MAKE
Lesson No. 3 covers the three biggest mistakes that traders make. If you succeed in your trading while making these mistakes, you are merely lucky, and, no doubt, your trading success isn’t sustainable. If you are struggling with your trading, correcting these three mistakes will put you far along the road to success with a sustainable and viable strategy.

Lesson No. 4
ELEMENTS OF SUCCESSFUL TRADING
Lesson No. 4 covers what we call the “Trading Triad.” Think of a tripod or a three-legged stool—if you remove one of the three legs, it will fall. It’s the same with trading. We introduce and define the Trading Triad: 1. the Trading/Investing Model, 2. Money Management, and 3. Discipline and discuss why performing well in each area is essential for sustainable trading success.

Lesson No. 5
TREND-FOLLOWING AND PROVEN TREND-FOLLOWING METHODS
Lesson No. 5 defines trend-following and identifies various trading methods, including moving averages and breakout approaches.
These types of trading methods can be applied as one component of the Trading Triad. In Lesson No. 1, we discuss academic research in support of trend-following. In lesson No. 5, we discuss another form of proof—the long-term and high levels of success of professional trend-following traders.

Lesson No. 6
RELATIVE STRENGTH
Lesson No. 6 examines a popular approach that academics refer to as “momentum”. We prefer to call it Relative Strength. This is another area like trend-following with an increasing amount of supportive academic research. In this lesson, we define Relative Strength, discuss why it works, and identify how you can use it to improve your trading.

Lesson No. 7
POSITION-SIZING
Lesson No. 7 examines another component of the Trading Triad: position sizing (also referred to as money management). In Lesson 3, we identified improper position sizing as one of the biggest mistakes that losing traders make. We further examine the importance of position sizing and introduce methods for ensuring that your positions aren’t too significant when you lose yet are not too small with your profit.

Lesson No. 8
THE IMPORTANCE OF EXITS
Lesson No. 8 addresses an important but usually overlooked topic. Too much attention is paid to entering a trade, and too little attention is paid to how to exit. It can be argued that the exit is more important than the entry. In this lesson, we will present an eye-opening study that supports the importance of exits. The lesson gives an overview of various exit methods and discusses which exits are appropriate for multiple trading styles.

Lesson No. 9
SYSTEM TESTING
Lesson No. 9 delves into the subject of system testing. We discuss what types of systems can be tested, the dos and don’ts of testing, and how to avoid over-optimizing your system. We conclude the lesson with a real-time exercise of optimizing a trading system.

Lesson No. 10
MEASURING YOUR TRADING PERFORMANCE
“How do you know if your trading performance is good?” Yes, trading profitably qualifies as good performance, but do you know if you can do better? If you are not trading profitably, do you know how to analyze your results to see where you need to improve? Lesson No. 10 provides a working overview of various metrics beyond the simple measurement of profits and losses and defines good and bad values for those metrics.