TraderIQ™

TraderIQ™ is a part of Coach T™

TraderIQ adds a new level of accountability and awareness to the Practice Account and Trading Combine®, by allowing you to set and be scored against a personal Training Plan. Become a smarter trader, and have insight into your behaviors, so you can make better decisions and improve your strategy.

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What does TraderIQ include?

  • Trading Plan: Set personal limits to better manage risk and emotions (Personal Daily Loss Limit, Daily Max Number of Trades, and Daily Max Losing Streak). Think of your Trading Plan as a guide. It helps you improve, but it does not affect the rules or your Trading Combine® evaluation or alert you if you trade against your Trading Plan.
  • Discipline Score: An automated measurement that shows how well you’re sticking to your Trading Plan. It updates after each day you trade.
  • Trader Journey: Track your Discipline Score over time, and continually improve how you manage risk and your emotions.

How does the Discipline Score work?

Your Discipline Score measures how well you stick to your Trading Plan. It updates automatically after each day you trade. The Trader Journey chart tracks your Discipline Score as you trade each day — use it as motivation to continually improve how you manage risk and your emotions. To receive a Discipline Score, you’ll need to set up your Trading Plan. Your Trading Plan measures:

  • Personal Daily Loss Limit: Know when to stop for the day so you can preserve your capital and avoid “revenge trading”. Better manage your risk by not exceeding X% of your account’s Daily Loss Limit. This personal limit can be set at 20–70% of your Daily Loss Limit.
  • Daily Maximum Number of Trades: Focus on the best opportunities, and avoid overtrading, by staying within your daily limit. Limit yourself to 4–40 trades per day.
  • Daily Maximum Losing Streak: Commit to stopping for the day after losing X trades in a row. Setting a Daily Max. Losing Streak helps you stick to your strategy and avoid emotional trading. Stop yourself after 3-6 losses.

Does the Discipline Score affect my Trading Combine®?

The Discipline Score makes you aware of how well you’re following your Trading Plan, so you can become a smarter trader. It is a guide but does not affect your Trading Combine® (it doesn’t alert you if you go over your plan) or eligibility for funding.

Can I change my Trading Plan at any time?

Yes, you can adjust your Trading Plan at any time. The only time your Trading Plan will be temporarily unavailable, is when your Discipline Score is being calculated, at the end of the trading day.

If you update your Trading Plan mid-day, your Discipline Score for that day will be based on the previous plan, and your new plan will go into effect the next time you trade. Please note, you will need to reset your Trading Plan if your Trading Combine® is Reset.

Can I reset my Discipline Score?

Your Discipline Score is going to keep you honest! You can't reset your Discipline Score, but it’s ok to remember the bad days — use them as a motivator to create better habits, continually improve, and celebrate your progress over time. If you reset your trading account your Discipline Score will also reset.

 

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