Moreover, the company works hard to create a nurturing atmosphere for their students. The material is hard, the courses are dense, so the company goes to great lengths to make their instructors and staff available to the students' every question. And even more-- there are mountains of help available online in the form of hundreds of courses, videos, papers, and actual people who are there to help us out. Every question I have had, no matter how stupid I may feel it to be, is answered patiently and respectfully.
These footprints of institutional buying and selling show up in areas on the price chart that we can call demand zones and supply zones. These are areas marked by a telltale pattern on the price chart that we learn to identify as a likely holding pen for unfilled buy and sell orders. When the price moves into one of these well-defined zones, it is the likely point of a price reversal as the result of these unfilled orders getting triggered.
We see these footprints of the likely buyers and sellers in demand zones or supply zones on a price chart. This insight gives us the basis of a strategy that allows us to place trades that have a high probability of success. We always place these trades in the context of a rigorously followed plan of risk management. We don't place any trades that exceed 2% of the value of our account so that if the trade moves against us, we will have a stop-loss order that will take us out of the trade before we can lose more than a small fraction of the money we have put at risk--a number that is calculated as a fraction of that asset's daily average range of price movement. Sticking to this policy of risk management, there is no danger that we will ever blow our whole account, as so many hapless traders do! We never place a trade that does not appear to offer an acceptable profit-to-loss ratio. We have a rational, tested list of odds enhancers and we have checklists to follow, some applicable to all assets, and some that are specific to the asset class to be traded.
I believe that our core strategy makes us much like pilots who live or die according to how well we follow the hard-won wisdom that is embodied in our procedures and checklists. This strategy works.