#Trading Master Class With Oliver Velez (Original English Version)

The speaker welcomes traders to another master trading class, a continuation from the first successful class with over 16,000 registrants. The session aims to provide more advanced insights and strategies to enhance participants' market knowledge.

The class has attracted a diverse group of participants from over 50 countries, emphasizing the aim to enhance attendees' knowledge and sophistication of market operations. The speaker stresses the importance of taking notes and active participation during the session.

The speaker shares personal experiences of starting trading in the 1980s, founding a successful trading company, and pioneering swing trading terminology. He highlights his extensive career in trading and education, emphasizing the global reach of his expertise and the impact on thousands of traders worldwide.

The speaker introduces a unique approach to training and funding traders, emphasizing a structured process where traders progress through different levels based on performance. Traders receive a practice account and are funded based on their trading results, with a focus on responsible trading practices.

The speaker delves into essential trading strategies, including the importance of trading with the 20-period moving average, identifying opportunities using color games, and understanding different states of the market (arrow, narrow, and wide states). Emphasis is placed on trading discipline and risk management.

The speaker introduces trading strategies related to flipping colors and playing the opposite color game based on stock movements.

Discussion on trading with the flow and when to go against the 20-period moving average in different states.

Explanation on identifying stocks with power up and power down moves for profitable trading opportunities.

Explanation of the four different states when trading near or away from the 20-period moving average and using the color game for decision-making.

Insights on successful trading including waiting to jump on board during moves and understanding trade categories.

Discussion on elephant bars, tail bars, and their significance in predicting stock price movements.

Importance of positioning, stop adjustments, and making color stop adjustments for effective trading.

Explanation of repeating a power play two more times after the initial play.

Clarification that by law, the second color does not have to be chosen.

Explanation of the process when a red bar is violated by a green bar.

Adjusting the original play after a power play is completed.

Discussion on how a red bar gets eliminated by a green bar in the color trading game.

Professional traders prioritize the color game over other elements like specific stocks.

Guidance on setting stop losses and taking profits in trading strategies.

Encouragement to take breaks and engage in other activities outside of trading for a balanced life.

Distinction between different types of traders based on their actions in the market.

Highlighting trading as a lucrative business opportunity with minimal initial investment.

Discussing the high failure rate in trading and the importance of discipline and skill for success.

Explanation of the cost of a trading training program and its benefits.