The Trading Course
Overview
A free, comprehensive trading course covering derivatives, options, futures, crypto, and risk. Start here to see how the course works and which path fits you.
Part 1. How Markets Work
How markets really work: the auction, the limit order book, bid-ask spreads, market making, and liquidity. The microstructure every trader should understand.
Part 2. Derivatives Markets
A full map of derivatives markets: futures pricing and mechanics, the rates complex, swaps, options fundamentals, put-call parity, and crypto perpetuals.
Part 3. Options & Volatility
Options and volatility in depth: the greeks, realized vs implied volatility, the volatility risk premium, skew, term structure, dealer positioning, and structures.
Part 4. Futures & Positioning
Futures markets contract by contract: who trades each and why, the COT report, positioning, seasonality, and term structure. A complete guide to futures positioning.
Part 5. Crypto Perpetuals
Crypto perpetual futures in depth: open interest, funding rates, liquidations, orderbook depth, crypto options, cycles, and exchange risk.
Part 6. Understanding Equities
The equities asset class: indices, ETFs, dispersion, market breadth, credit spreads, and reading the SPX regime with cross-asset internals.
Part 7. Cross-Asset Tools
Cross-asset tools for the swing-to-position trader: momentum, relative value and spread tracking, and trading around scheduled macro events.
Part 8. Technical Analysis
Technical analysis grounded in data: what actually holds up, why it works when it works, and how to use charts as an execution layer rather than a belief system.
Part 9. Strategies
Tradeable strategies built on the earlier parts: crypto and futures positioning, regime trading, momentum, skew trades, VRP harvesting, and building the book.
Part 10. Risk & Statistics
The quantitative backbone: statistics, expectancy, backtesting pitfalls, volatility-based sizing, the Kelly criterion, drawdown math, and portfolio construction.
Part 11. Leveraging AI
Using AI language models as a working tool for trading: what they can and cannot do, prompting for honest answers, research, coding, and daily workflow.