SpikeTrade Password course is a monthly online class, taught by Dr Alexander Elder (AE) and Kerry Lovvorn (KL).  Access to live classes is free for yearly and monthly Members.  Class recordings are available in our Traders’ Shop.

Each recording includes a presentation (you see instructor’s screen and hear his voice), as well as the Q&A period, and a PDF of the presentation.  These recordings can be purchased individually or – at a discount – in yearly sets or thematic groups, such as this one:

Record-Keeping and Self-Management

“Show me a trader with good records, and I’ll show you a successful trader” – says Dr Elder.  Record-keeping, accountability, being organized – those are the essential tools for trading success.  The single best thing you can do for your development as a trader is to keep and regularly review your trading records.

This group includes the following Password classes:

• Essential for Success: Record-Keeping (KL)
• Towards Organized Trading (Homework, Time Management)  (AE)
• Learning from Your Trades (AE)
• Discipline through Trade Sizing & Post-Trade Reviews (AE)
• Extracting Lessons from Trades (AE)

This group cost $198 or you can purchase recordings separately, at $50 each:

Essential for Success: Record-Keeping (two sessions)

• Session One:  Good records include much more than dates and prices, but keeping them should be easy, no more than 30 minutes after a day of trading.  First, we must input our data in a meaningful way.  Next, we need to analyze and draw lessons from it to become a strong trader.
• Session Two: here you learn how to analyze the data in your Trade Journal to discover your weaknesses and find where you need to focus your attention to improve as a trader. You will clearly see what is working and, more importantly, not working in your trading and what needs to be fixed.

Towards Organized Trading (Homework, Time Management)

1. Weekend homework: Markets review, scanning, favorites
2. Daily homework: Review markets & self, Trade plans, Trade grades
3. Resources & Time management

Organizing you market work is an essential task for all of us, especially for part-time traders.  In this much-requested presentation Alex shows how he structures his weekend and daily homework.  He shares his favorite resources and delves into time management.

Learning from Your Trades

We’d always make perfect trades if only we could buy and sell in the middle of the chart.  In reality, we must make our decisions at the hard right edge – but we can learn a great deal from re-examining the charts of our completed trades a few months after we exit.  By then our trades are in the middle of the chart – and seeing what happened to them reveals valuable lessons for the future.  Your own updated and marked-up charts become your teachers.  All slides in this presentations show actual trades by Alex in 2018.

Discipline through Trade Sizing & Post-Trade Reviews

This method, developed by Alex for his own trading, will help you reach a higher level of personal discipline.  This class revisits the theme of Password 23 - Learning from Your Trades, as Alex shares a series of post-trade reviews from his own Trade Journal.

Extracting Lessons from Trades

It is very useful to review your trades a couple of months after you close them.  Creating follow-up charts, on which your entries and exits are marked in the middle instead of at the right edge, provides a valuable review of your actions and lessons for the future.

In this class Alex walks you through six trade records, each consisting of three charts: one for the entry, another for the exit, and the third for a post-trade review.  You’ll see several systems in action, as well as how a serious trader uses reviews of his actions to reinforce his skills and identify errors.