If you are serious about mastering the Pats Price Action Trading Manual.pdf, do not trade real money yet.
Week 1-2 (The Screen Time Phase):
Week 3-4 (The Sim Phase):
Month 2 (Live):
You will notice if you find the Pats Price Action Trading Manual.pdf that it is incredibly terse. It does not hold your hand. It lists rules in bullet points. Pats Price Action Trading Manual.pdf
This is a feature, not a bug. The manual assumes you are an adult who is willing to practice. It forces you to look at hundreds of charts to internalize the patterns.
The "Prop Trader" Edge: The manual originates from proprietary trading desk rules. At a prop firm, you are judged on daily drawdown, not total P&L. Consequently, the Pats method prioritizes: If you are serious about mastering the Pats
Unlike other methods that use ATR or percentage stops, PATs uses a rigid tick stop.