Outline

The structure of the mentor program is quite simple. The initial part of the course comprises 16 weeks and is divided into Study Tasks, which are exercises I set along the way and Discussion tasks. The Discussion tasks are trading discussions of a very general nature. These discussions often look at past trades and provide a post mortem for trades that have been undertaken along with explorations of very general trading topics and any articles of interest.

The aim of the Study Tasks is to get everyone to design a trading system for a variety of markets be it shares, options, futures or CFD's. Along the way I share the systems I have used. This section of the course is also designed to clear up the vast majority of misconceptions that traders have regarding markets. As such the course is very pragmatic in its approach to the market, I view trading as a probability exercise and this requires both a certain technical and psychological approach.

It is within the Study Tasks section of the program that you will begin to develop your own trading system. It is important to note that this will be your own system, it will not simply be a clone of other trading systems. Nor will you simply be given a trading system and sent out into the market in the vain hope that you will make it work. The creation of your own system means that you understand all the components of your system in detail. The more you understand you system and the more it reflects your own psychology the more likely you are to follow it.

Within the Study Task section Louise Bedford will also take participants through a variety of trading psychology exercises that have been designed to both elicit and confront many of the barriers that traders have.

It is important to understand that I do not believe that there is a magic strategy that guarantee's infinite wealth with very little work. Nor do I believe that professional traders know what this strategy is but have merely been keeping it from you for their own selfish reasons. Such nonsense may make good marketing material but is simply not reflective of the reality of trading. Trading is a profession and like all other professions it takes hard work, time and dedication to be successful. The mentor program is only one step along that journey. Therefore the program is not really suitable for traders who are looking for quick and easy solutions. Or who believe that there is a magic strategy that will allow them to work for 10 minutes a day and spend the rest of the time lazing away the hours on their yacht. Such expectations are not only reflective of a lazy mindset they are also childish.

Likewise I do not believe in magic indicators. The level of technical analysis I use and teach is very basic, extremely robust and designed to be applied to any market. The complexity of the course is derived from the money management and psychology that is applied to the various trading systems that each participant generates.

Each individual's approach to the market is idiosyncratic; it is impossible to graft a trading system onto differing individuals because of their differing needs, experiences and psychology.

To aid in the psychology of the journey participants are invited to stay with the mentor program for as long as they like. This allows each individual to continually review the material they have learned and to benefit from the support of previous participants.

  Commitment

The program involves two face to face sessions conducted in Melbourne, one at the beginning and one at the end of the program. The remainder of the program is undertaken via electronic distance education. In addition to this I make myself available to all mentor participants for further consultation. Each attendee's gets my phone number and is free to use it at often as they feel necessary.

The program is designed in such a way as to give the motivated students almost limitless support from both myself and other members of the group. To use an often quoted cliché, you will get out of the program what you put into it.

  Prerequisites

The mentor program does assume that you have a degree of PC knowledge and a working knowledge of your charting software program. In particular your charting software will need to have the ability to run custom searches. Most mentor program participants run Metastock or Amibroker hence we have a large body of Metastock and Amibroker experience to draw upon.

Less well-known packages such as Fox Trader, OptionGear, Market Analyst have been found to be not up to the standard required. Nor is there any support for this software within the mentor programs community.

Those who plan on attending the course are therefore strongly urged to purchase either Metastock or Amibroker.

In addition to this your data will need to be able to sort through individual indices and sectors using a variety of custom folders. To date the only data I know of that will perform this function automatically is Trading Game data, which is available from here

  Enrolment

Before making a decision to join the program it is worthwhile for each prospective student to speak to graduates of the program. Contact details can be obtained by emailing me at chris@artoftrading.com.au

Cost

The cost of the program is $5,500. If paid in full two weeks before the commencement of the course this fee is reduced to $5,000.

Payment may also be made in monthly instalments.

To book click here , to arrange a monthly payment schedule please contact me at chris@artoftrading.com.au

  Reading List

I recommend that over time traders add the following books to their trading library.

The Disciplined Trader by Mark Douglas
Trading in the Zone by Mark Douglas
Against the Gods by Peter Bernstein
Learned Optimism by Martin Seligman
Owning your own Shadow by Robert A Johnston