Norman Hallett – Simple Trading Plan 2 Loaded Gun By The Disciplined Trader

Simple Trading Plan 2 Loaded Gun is a video course from Norman Hallett, known as The Disciplined Trader. It explores a rule-based approach to trading that pairs a simple plan with the Loaded Gun strategy.

Designed for both new and experienced traders, the course addresses trading psychology, risk management and applying a plan across different markets. Trading involves risk, including the loss of capital.

What you’ll learn from the Loaded Gun approach

• Discover the importance of simple trading plans for long-term success.
• Implement the Loaded Gun strategy to remove emotional decision-making.
• Apply clear, pre-defined entry and exit points to enhance confidence.
• Adapt the strategy for both trending and ranging markets effectively.
• Focus on essential elements to maintain discipline and avoid complexity.
• Achieve sustainable success by following a systematic trading approach.

A disciplined framework for trading decisions

Hallett’s approach turns market decisions into steps governed by a trading plan. Rather than responding impulsively to price movements, traders are encouraged to use rules that align their actions with their goals.

The course pays particular attention to fear, greed and inconsistency, using simplicity and preparation as foundations for a more disciplined process.

1. Why keep a trading plan simple?

The opening section considers why a straightforward plan can be easier to follow and repeat over time. It examines how reducing unnecessary complexity helps traders concentrate on the essential parts of their strategy.

Hallett also places the Loaded Gun strategy within this philosophy, explaining its role in bringing focus to trade execution under different market conditions.

2. The Loaded Gun strategy and discipline

This section introduces the components of Hallett’s Loaded Gun strategy and discusses their use in trading scenarios. The approach uses predefined entry and exit points to guide decisions rather than relying on guesswork or reactions to market noise.

The course considers how the strategy can be used in trending and ranging markets and discusses its relevance to stocks, forex and futures.

3. Building the components of a trading plan

A trading plan encompasses more than a decision to buy or sell. Hallett discusses setting clear entry and exit rules alongside realistic profit targets and stop losses.

The section also addresses a risk management framework intended to help traders manage losses and protect capital, including during volatile conditions.

4. Discipline and emotional control

Hallett examines the psychological obstacles that can interrupt a trading plan, including fear, greed and impulsiveness. The material looks at mental discipline and ways to remain focused when markets are unpredictable.

The emphasis is on managing emotional impulses and staying committed to the plan despite volatility and external pressure.

5. Applying the plan across markets

The course explores how the Simple Trading Plan and Loaded Gun strategy can be adapted to stocks, forex and futures. It considers the adjustments involved in trading different instruments while retaining the underlying principles of simplicity and discipline.

Real-world examples and case studies illustrate how traders have used the approach in different market conditions.

6. Reviewing and adjusting your trading plan

The final section addresses regular plan reviews, including review frequency and factors to consider when making changes. Hallett encourages traders to evaluate their performance and adjust their plans in response to market developments.

The aim is to remain responsive to changing conditions without abandoning the discipline and simplicity on which the plan is based.

Also on GenkiCourses for trading: LITFX Academy (mrfarrux) – Pro Trading Course.

Frequently asked questions

What does Simple Trading Plan 2 Loaded Gun cover?

The course covers simple trading plans, the Loaded Gun strategy, risk management, emotional discipline and reviewing a plan as markets change.

Who is Norman Hallett’s course suited to?

The material is intended for both new and experienced traders, including those working on fear, greed or inconsistent decision-making.

Which markets does the course discuss?

It discusses adapting the plan to stocks, forex and futures, as well as considering trending and ranging market conditions.

What format are the course materials?

Simple Trading Plan 2 Loaded Gun includes video materials.