Watch yesterday's video lesson HERE about several types of dip buying and some awesome lessons from my newest 6 and 7-figure trading challenge students, but today's lesson I have to confess to the sin of over-trading and wanting trading profits too much...so much so that I'm actually down now in the first 2 weeks of March, despite several solid opportunities that I've COMPLETELY wasted.
The only good news is you can learn from my mistakes so please watch this and see what I've been doing wrong now for the past few weeks:
Posted Mar 16, 8:40 AMbytimothysykes
Newsletters TimChallenge, TimAlerts, Pennystocking Silver, Millionaire Masters Program, Pattern Pro
Categories 13 Lesson Thursday, Basics, Classic Lessons, Price Action: Buying Dips/Panics, Trading Mistakes
I am over-trading also, thanks for bringing light to it.
Safety first. green so far this month.
Thanks Tim, I can relate. It's better to under trade than to over trade, IMO.
thx for the quick pre market video
I am trying not to trade but after a few days without trades I feel FOMO. I tried to dip buy ABML as well and was too early and missed out on the bounce. Glad to cut losses. Continue to learn the process and stay disciplined
I understand, i will be more patient on entries, i have entered a few too early lately
Thank you Tim. I have the tendency to watch choppy stocks all day trying to see of any setup, all while knowing they most likely don't. Just need to focus on trading less right now, and studying more. As I have been doing the last few days.
good vL. I have backed off a ton lately on trades and size. Focusing on making good decisions.
I understand/ will B discipline. Instead of a Retired Trader, I think I'm going to have the Mindset of always being under the PDT Rule. No matter what my acct size may be or maybe a little both. To help insure over trading and being discipline.
Good to hear such transparency….. thanks
You don't have to trade everyday, be more patient and wait for the perfect setup! Thanks Tim!
I Understand I Will Be Disciplined!!! Do Not Force Trades! Get Rid of Negativity! Be Disciplined! The Stock Never Has to DO Anything You Think It Should!! Take it One Day at a Time! You Don't Have to Prove Anything! Study Up and Study Hard!!! Be Ok with Missing Out! Thanks Tim!
Thank you Tim I haven't been trading this week and focusing more on studying. There is definitely a difference this week in the market as compared to past weeks due to this bank crisis.
@aaronmizellam goooood, discipline and patience are KEY!
bookmarked. one of you best overall video lesson. Really appreciate the psychology aspect. more of my time lately has been spent on watching video lessons and trading much less with half size positions.
Did the same thing. I'm only one month in and identified a good setup. Made $560. This made me over trade and I'm now down $1100. Needed this video, thanks!
thanks for sharing your mistakes for us to learn from
I think we all have gone through it no worries you’ll get back on track! At least you cut your losses quickly. Thank you for the lesson Tim
Thank you for the video lessons Tim. Congratulations and what an inspiration edu_trades , awesome work. Thank you AndrooTrades for your video lesson and explanation. What a great community
I will make the action pull me into the trade instead of trying to anxiously waiting for a place to jump in.
@26R_COLE yessss, the community is THE BEST!
I understand choppy market
Thanks Tim great lessons i will stay diciplan.
Thank you Tim. Learning from your losses as well as your wins.
your transparency is refreshing and the lesson is so relevant. Thank you for the reminder that the market is tough right now and that going into retirement and studying is a good option when there are no good options!
@shaktitrdr glad to help, EVERYONE has issues like this, but 100% of traders on Twitter profit, right? LOLOL, they just pretend it doesn't happen
trade less , connect with friends & family .let the best set ups come too you. i ended the week with a loss but overall up on the week .refining the process learning from losses and stacking these profits. tim you are awesome
I understand, Thanks Tim.
Thanks Tim. Will stay disciplined and not over trade. Thanks for the encouragement and reminders to stay in perspective.
Watching And Analyzing!
Thank you Tim.
I will be patient and disciplined! I’m missing out and doing shitty this year, but believe more experience, study, and preparation will benefit me in the long run. I feel like Im on the cusp of doing better and becoming profitable. Only then, will I size up. For now…keeping the 9-5
Thanks Tim! I will be patient.
This has been me.. so I've been taking a break and studying
Thank you for the lesson Tim, good confession. Be alert. Be safe
WOW - I can always use these reminders, Tim. Very valuable lessons! A+ set-ups only. Cheers
Thank you! Discipline is huge for me.
Thanks Tim. i will be patient!
Thanks Tim, great video lesson.
Great psychology lesson thanks, Tim. I'm going to focus on not overtrading, and only looking for the perfect setups. It's not about how many I win, it's about limiting how much I lose.
Thanks Tim, I understand, be safe and don't over trade. Stay disciplined and look for best setups.
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