Please bookmark this post and watch these video lessons several times because not only is the interview I did with trading challenge student-turned-trading-legend Jack Kellogg incredibly eye-opening with many golden nuggets of information, but also my many screw ups in trading the past few days should help you learn what NOT to do and as crappy as I feel right now about making these truly classic newbie mistakes, I'm at least glad they can help you in your own journey as hardly anyone ever talks about their losses, let alone details them inside and out like I do in these videos below. Long story short: trading discipline is KEY to success, without it you're just gambling and then you'll lose...like 90% of traders in this industry do!
Posted Apr 12, 23 8:30 AMbytimothysykes
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Keep that promise tim!
I get out of a funk by sticking to rules, cutting losses, and having my gains be bigger than my losses.
Understood on getting out of a funk..thanks tim
I must have patience.Thanks Tim.
Thank you!
I must have patience. Thanks Tim, happy early birthday!
Thanks Tim. I must have patience. Congratulations Jack.
@brandonkoy yessss, glad you understand!
Having the Proper Perspective is Imperative to Success!!! Congrats 🥳🥳🥳Jack on Your Milestone So Awesome seeing You Continuing to Push Yourself and Enjoying the Journey! Study and Get in Tune with the Markets! Don't Force! 🛑 Study and Prepare!!! The Sweet Isn't as Sweet without the Sour!!! It's a Marathon Not a Sprint!! Always Pay Attention and Be Aware of the Lessons You can Learn From Your Losses and Wins!!! Don't Go DOWN with the Ship! Learn From the Top Transparent Traders!!
Identify Your Strengths and Weaknesses and Adapt!!! Wait and Be Patient for Ideal Setups!! Do NOT Force Trades!!! Think of Yourself as A Retired Trader! Avoid Being Overly Aggressive!! Be Accountable and Transparent! Expect the Worst and You'll Never be Disappointed! Don't Be a Follower! Admit when your trading Poorly and Adapt!
I MUST HAVE PATIENCE!!! It's Better to Miss a Trade than be Early!! Get out of a Funk by Sticking to your Rules and Cutting Losses Quickly! Recognize Your Mental State!! Focus on Making Good trades! Be Careful of the Dark Side of Aggressive Overtrading! Thanks Tim!
I must have patience and follow the rules. Congratulations Jack! Happy early Birthday Tim. GOD bless you both as you travel. Be safe.
I must have patience!!!! So hard to have patience with having patience. :)
Thanks Tim and Jack! I hope no other industry where you can do the same old things repeatedly and earn much more money.
Thanks Tim. Good lessons. Don't have to be early. Watching and taking small trades after a not so good March.
@aaronmizellam glad you understand, I make the mistakes so you guys don't have to :)
You got this Tim. Try, try, and try again. You can do better. Sticking to your rules are key. I/ you must have patience. Thank you for the multi video lessons.
Congrats Jack. Thanks for doing that interview Tim, you're interviews always have so much gold in them. Top lessons: PATIENCE and DISCIPLINE! Jack said wait for the perfect plays: don't force it. Then Tim showed several examples of that exact lesson. Trade like a retired trader. Get back on track by following rules, not breaking them. A small loss where you followed your plan is WAY better than a win that wasn't a perfectly planned and executed trade.
Thanks Tim ! valuable lessons here.
Shorting is not for new traders, think of yourself as a retired trader, can't be over aggressive when dip buying an obvious pump
When your in a trading funk stick to the rules NO if, ands, or buts about it, cut losses, Disciplined trading, I MUST HAVE PATIENCE, missing a dip buy is better than being early, Thanks Tim!!
@Larry1982 yesssss, it's CRAZY how few people watch these interviews, they truly are gold
congratulations on 12.2 million
On the 1st Video Lesson, this is a good lesson for learning the process on getting back on track. Admitting the mistakes, learn from it. Then making a declaration that you will correct what went wrong and actually take action. It may be getting back to fundamentals (basic)
2nd video lesson, (Tim) Heee's got the funk, he got the funk. >> I must have patience!
I must have patience, thanks Tim, great video lessons and congrats to Jack for his crazy journey.
Thanks Tim
PatienceQ PatienceQ Patience! Must have patience and discipline. And study haaaaaard!
Watching And Analyzing!
i have patience
@seemannsgeld yup, we always MUST admit mistakes, especially since so few do in this shady AF industry
@timothysykes i have also been in a funk not in trading but in life so i took a break from studying glad that i only have 3 more dvds left to watch though... tryna take care of my mental heath first though
@yessir goooood, always prioritize your mental health first and foremost!
Thanks Tim i will have patience.
I will have patience. Patience leads to a solid entry, which leads to a comfortable trade, which leads to confidence.
+
Thanks Tim
Thanks Jack
Thanks Tim be patient and wait for the best trade and entry
I must have patience. Be patient and stay safe. Congratulations on your journey Jack. Thanks for the lesson Tim.
I must have patience. Thanks Tim!!
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