The ESTE Be-Do-Have Trading Principle
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The second principle is the “Be-Do-Have” trading principle. We believe that there is a certain structure with which every trader should become familiar before getting into an arena full of professionals. These professionals in the marketplace are unmerciful and will do anything to wipe a retail trader out, especially if that retail trader has little to no knowledge or experience. In order to win consistently, we teach our traders how to be prepared for a battle in mind, body, and spirit.
ESTE 3 Phases of Learning:
ESTE Be-Do-Have Trading Model
One of the most challenging and important pieces in the framework for change is the changing of the mindsets of traders. What traders do is caused by who they are; their values and beliefs about what is important, and how they feel (state of mind). How someone is at 'be' determines what they 'do' which determines the outcome of what they 'have'. The key is to raise the level of awareness of traders’ mindsets in order to help break through barriers that may be holding them back.
So, why are we different from other trading companies?
In our experience, not all trading systems are created equal. Therefore, how can you determine if the trading system that you have learned or purchased is right for you? Unfortunately, other trading companies will not give you the tools to determine this. Your trading system should be in sync with your values, beliefs, and personal behavior in order for it to work.
What makes us unique and different is our trading model. We have found that to have ultimate success in trading, there are three stages that a trader should learn and abide by.
The 3 Phases that we teach our students are the following:
Phase 1 – How to “Be” in the Trading Zone
We believe that before getting into battle you should have a focused, calm, and clear mind. If your mind is clouded or you are physically tired and not in the right mindset, you will not be able to perform at 100% to make the right decisions and choices when trading.
It is imperative to know your level of awareness and know “who you are” in the moment. From your being, you will be able to determine your state of mind and whether your feelings are positively or negatively affecting you. The right mindset, where your values and beliefs are congruent to “who you are,” will create synergy, balance, and harmony to put you in the “Trading Zone.”
Therefore, we educate our students on how to be “in the zone,” how to be disciplined, and how to maintain integrity that will lead to highly effective habits.
It is vital to know your values and beliefs that either support or limit you, because they determine what type of trader you are. Otherwise, trading is like attempting to drive to a destination without knowing where to go.
Phase 2 – My Action Steps through “Doing”
Enlightened Super Trader Education (ESTE) has five simple, mechanical, and powerful steps that we teach our students in order to "do" or perform their trades. They are:
Step 1 – Macro-Fundamentals
The macro-fundamentals of trading are important because they give us information that might affect our trades. We teach students what macro-fundamentals to look for and how to use them in their trading.
Step 2 - Trading Strategy
The trading strategy answers the questions of, "What is the intention and purpose of the trade?" Once the student has identified what type and what kind of trader they are based on the first phase of learning, they will then be able to identify a trading strategy that they will use in their trading. The student will be either a momentum trader, day trader, swing trader, or an investor using multiple time frame analysis.
Step 3 – Trading Set-Ups
ESTE has 3 trading methods that we teach our students. They are:
- No Brainer Method - Low Risk, High Probability Trading using Price Action based on Supply and Demand.
- ESMS Pattern Method – 100% objective with a high probability of winning
- 8,10 Close Method – 100% objective trading with a high probability of winning
The student will then choose which trading method they will use based on the circumstances.
Step 4 – Finding a Trigger
We educate our students to find a trigger based on the trading set-up so that they will execute without fear or hesitation.
Step 5 – Risk and Money Management, and Profit Maximizing Strategy
We teach our students to identify risk and target points to get the maximum return. We have four different Profit Maximizing Strategies that our students follow.
Phase 3 – Trading Outcome – “Having”
During Stage 2, once you have pressed the trigger and made a choice to either buy (to go long) or sell (to go short), you are no longer in control. To “Have” what you want, you will need to be responsible for the outcome – win or lose.
With this in mind, we educate our students on different strategies that they will apply when they win and when they lose.
Conclusion - Shaping the Trader’s “Culture”
In conclusion, all traders from novice to professional have their own individual “culture.” There is no person that does not have a culture. The discerning factor for most traders is that their culture has been formed through default and not through managed design.
The culture you have is producing the performance you have. A major influence on your culture is your environment - what you read, what you watch, what you hear, and what you have learned that creates your habits, good or bad.
To change your culture to a desired culture, you as a trader will need to re-shape your environment, attitude, and perception through your ' being' in order to change what you “ do,” and thus what you “ have.”
Disclaimer:
Please note that our personal recommendation does not constitute advice. There’s always an element of risk when trading and trading can result in financial loss. You must seek specific advice from your adviser before taking any action. No warranty or guarantee is given regarding the accuracy or reliability of our report. Enlightened Super Trader Education and RS Universal Trading Pty Ltd will not be liable to any person, for any loss or damage arising as a result of its use. For permission to use our report, you must accept full responsibility for any action that you take. Past results are not considered a reliable guide to future results. Testimonials herein are both unsolicited and solicited and are non-representative of all clients.
