By Griff Cooper

What is The Kata Challenge System?

The Kata Challenge System is a trading system developed by Dr. Ken Long with traders at Ablewaytech.com that helps traders become more successful. The system is based on the concept of "katas," which are pre-defined trading patterns that capture all the major price moves in the market. The system uses a combination of technical analysis and risk management to identify profitable trades and minimize losses. It emphasizes the principles of commitment, discipline, study and simplicity to teach how to trade professionally.

The system is designed to be simple and easy to use, even for traders who are new to the market. It emphasizes the importance of focusing on the process of trading well, rather than the outcome of individual trades. By trading in sample sets, traders can avoid the stress of worrying about whether the next trade will be a win or a loss.

What lessons will I learn by trading the Kata Challenge System?

One of the key lessons learned from the Kata Challenge System is that there are three basic patterns that capture all the major price moves in the market. This means that traders don't need to have a deep understanding of market dynamics to be successful. Another important lesson is that coaching is essential for success in professional trading. Traders can benefit from the guidance and feedback of experienced coaches who can help them identify areas for improvement and make adjustments to their trading strategies.

The system also emphasizes the importance of risk management and avoiding common mistakes such as overtrading. Traders can learn to trade only one symbol and still make consistent profits. They can also learn that there is no perfect exit in trading and that it's important to get risk out of the trade as soon as possible.

Finally, the system encourages traders to dedicate time outside of trading to assess their performance and make adjustments. This can help them identify areas for improvement and make changes to their trading strategies to improve their results.

Overall, the Kata Challenge System is a simple yet effective trading system that can help traders make consistent profits in the market. By focusing on the process of trading well, managing risk, and learning from experienced coaches, traders can improve their performance and achieve their trading goals.

Does the Kata Challenge System work on higher timeframes like daily charts?

The Kata Challenge system can be adapted to any timeframe. The patterns are fractal in nature and can be adapted to whatever timeframe fits the trader’s needs and objectives.

Does it actually work?

I traded the Kata Challenge exclusively for a year as my introduction to professional day trading. I was able to make consistent profits throughout my trading. And because we teach Dr. Ken’s Long process of systemically assessing your trades, it’s a method of trading that enables continuous improvement.

Where can I learn the Kata Challenge System?

The Kata Challenge System is taught in our Applied Systems Development Course at Ablewaytech.com. In this course we teach the specifics of the Kata Challenge and exactly how I applied it to my own trading. We also teach how you can apply it to your own specific trading goals and objectives.

Course

Our Applied Systems Development course Cohort #3 will start on July 11, 2023. where we teach the entire Kata Challenge System and additional advanced strategies to enable you to build a portfolio of different trading strategies. For more information, go to Ablewaytech.com.

Coaching

We also offer 1-on-1 coaching packages for those who want to get the most out of the Kata Challenge System. Contact ablewaytech42@gmail.com for details.

A Free Gift for you

We have a special gift for you—a free eBook containing detailed insights on my 10 Lessons Learned from trading the Kata Challenge system:

Lesson 1: The 3 Basic Patterns Capture All the Major Moves:

Lesson 2: You Don’t Need to Have a Crystal Ball to Make Consistent Money:

Lesson 3: By Using Sample Sets, You Don't Have to Worry About Each Individual Trade:

Lesson 4: Focus on the Process:

Lesson 5: Coaching is Imperative:

Lesson 6: One Symbol is Good Enough:

Lesson 7: How to Avoid Overtrading:

Lesson 8: There's No Perfect Exit:

Lesson 9: Don't Change Your Oil While You're Driving:

Lesson 10: The Massive Importance of No Loose Plus Dinner for Two:

Please contact us at admin.support@ablewaytech.com to receive your complimentary ebook.

Happy Trading!