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Welcome to Technical Trading with Dave Floyd. Over the next 8 lessons Dave will walk you through his trading philosophy and how he approaches markets every day.
CREW: Camera A rolling. Camera B rolling. Whenever you're ready.
DAVE FLOYD: Hi, there. My name is David Floyd of Aspen Trading Group. When the folks at Real Vision Television approached me about doing a series of trading modules, I jumped at the chance. I've been in this industry for over two decades, and I've seen a lot of really good things and I've also seen a lot of really bad things. I believe that I've put together a series of trading modules here that provide you the basic building blocks all the way through the advanced concepts to become a professional trader.
We're going to start off this series of modules by learning to identify what type of a trader you are. From there, we go on to trend identification, entry and exit points, support and resistance levels, and then combining all of those, showing you a series of trade setups that you need to look for each and every day. Until we do the last module, which is on position sizing, none of the other stuff really matters. Position sizing is probably the most overlooked concept that very, very few people talk about. Without it, you don't have a prayer of becoming a successful trader. I'm confident that this series of modules is actually going to provide the basic building blocks and the advanced techniques that you need to work your way towards becoming a professional trader. There's a lot to get to in these modules, so let's get started.
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