Practice Practice Practice
Anyone who attends a BetterTrades seminar will leave with a lot of the knowledge necessary to begin trading in the stock market. They will leave the Market Essentials workshop with the ability to understand and implement the strategies taught by Better Trades, whether bullish strategies or bearish strategies. But knowledge isn't usually enough to bridge the gap to ability; that leap in skill is only accomplished through practice.
That's why BetterTrades emphasizes the importance of practice to every student that comes through the program. Ever Every Better Trades coach stresses to students that they should not get the cart before the horse when it comes to trading. First comes knowledge, and then comes ability.
Students who enroll in BetterTrades are taught many of the strategies that can lead to becoming successful in the market. They learn how to buy and sell options, which includes buying and selling puts, writing covered calls, trading the news, and using credit spreads. Better Trades doesn't want it students to have any gaps in their education, which is why the company packs the Market Essentials class with two days of comprehensive training. But there is a huge gulf between knowing what to do and knowing how to do it. That's why BetterTrades emphasizes the need to work through a series of virtual trades, where no money is at stake, before moving into the arena of funded trades. By using non-funded trades, a student can learn all the mechanical aspects of trading. It's much easier to learn without the pressures and emotions of an actual stock market setting than it is to be involved with a funded traded and not have the confidence that comes with real-life stock market experience. It's the same reason that producers of a play will require a dress rehearsal of its cast and crew before opening act; it's a chance to perform under the actual circumstances with a paid audience being present. In other words, if you're going to goof up, it's better to do it while preparing for the actual event, not during the actual event.