The Luxabit Academy: a free course in trading with discipline
Become a Disciplined Trader: short lessons on why traders break their rules and how to stop, with an exercise after each lesson that you do in your own Luxabit account.
The Luxabit Academy is a free course for traders who know their rules but don't always follow them. It's called Become a Disciplined Trader: 5 short lessons of about 3 minutes of reading each, in English and Dutch. After every lesson you practise in your own account, so you finish with a trading plan, a journal and a daily routine, not just notes.
The academy is part of every plan, including Starter. You need to be signed in: you find it under Academy in the app. An overview of the course is on the course page.
The lessons
| Lesson | What you practise in your own account |
|---|---|
| 1. Why Most Traders Break Their Rules | Rule-break audit |
| 2. Master Your Trading Psychology | Your if-then rules |
| 3. Build Your Personal Trading Plan | Write your plan |
| 4. The Power of Trading Journaling | Log and review |
| 5. Build Your Discipline System | Your first disciplined day |
The lessons build on each other. The rule you name in the first lesson comes back as an if-then rule in the second, that rule goes into your trading plan in the third, and from the fourth on you measure in your journal how often you follow it.
How a lesson works
A lesson is a short read in a few parts. Where it helps, it shows the part of Luxabit it talks about: the real trading plan, the pre-trade check, the coach, the journal or the daily routine, filled with made-up example data and marked as an example. These are the app's own components, not pictures, so they look exactly like the app. In the lesson about the trading plan you see your own plan once you have saved one.
Below each lesson are its key points and the exercise.
Exercises in your own account
Every exercise is something you do in Luxabit itself, and the lesson sees for itself when it's done:
- Rule-break audit: three questions about the rule you break most often. With trades in your journal, you also see the rules your journal says you break most often.
- Your if-then rules: one to three rules such as "If I have two losing trades today, then I stop for the day". A button adds a rule straight to your trading plan. Done once you've written one and your plan has an own rule or a daily limit.
- Write your plan: a checklist that follows your trading plan: your setup (your main playbook), maximum risk per trade, minimum R:R, a daily limit and at least one rule of your own.
- Log and review: at least 3 trades in your journal and one post-trade review.
- Your first disciplined day: a trade idea checked with the coach, and one day with both a check-in and a close on the daily routine.
Can't do an exercise right now, for example because you haven't traded? Mark it as done and come back to it later. A lesson counts as done once you've opened it and its exercise is done; a lesson you haven't opened yet doesn't count yet. If your account already meets its exercise, the course page shows Exercise already done, and opening the lesson finishes it. The course page shows how many lessons you've finished and where to continue.
What is saved
Luxabit saves which lessons you started, your answers to the questions in the lessons and the exercises you marked as done. Only you can see them. Everything else the exercises look at is already in your own plan, journal and routine. Deleting your account deletes your academy progress too; see Account and data.
What the academy doesn't do
The academy is educational, with the same limits as the coach. It teaches how to write rules you can check and how to keep to them, not which setup, numbers or strategy to use. It gives no buy or sell advice, no price levels and no forecasts. The choices in your plan are yours.