I find using linear regression channels 50 and 100 as well as aroon indicator 20 and RSI 14 very helpful. Investigate these. I will do a video in the future but my work schedule is crazy and I have a ton a travel coming up. I have not proven myself so I don't feel like the best person to give advise yet hence why I don't publish videos
Good Video, Hard to know what your style is when you dont understanding the Guru's vision, they have been doing this for so many years, and being new your video has sent me home to the begining, you have to do what right and pay yourself 1st. Example: I was in a tsla trade, 295 may 18 calls i had scaled in so the cost was 16.25 and i had 40 contacts, the stock wasnt doing crap!!! in fact it hit 70% down and I had to start exiting the trade, I took a -1750 loss early morning yesterday, when i sol
Cool video man thanks!!
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Nice post! If your using a macbook I think you can record self and screen with quicktime, Here is a link to follow: https://macreports.com/record-face-screen-mac/
Thanks for sharing man!
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@DM4BigD agree 100% study study study..
learn daily even when the mkt is close!
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Don't beat yourself up too much since your behavior resemble perhaps 50% or more of this country. The best part of your blog is you recognize your weakness and problems. This indicates you're ready to fix it. When you are truly motivated and committed to success your weaknesses will become a distant past. Stick with it you will succeed. No pro athlete got there overnight
Best of luck, hope you find success.
Thanks guys and sorry for the late reply (just got home from work) I'ts been a demon all my life. "i'll do the hw tomorrow and play video games today mentality." Recently, i've gotten a little better about it and will try my best to continue to make small improvements until I get where I wanna be.
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If your account was flagged with a day trade then it will be removed on the following Tuesday per your example
PDT rule only affects margin accounts. My solution is just to go long with a cash account until you acquire the 25k.
There are the FINRA rules, and then there's the determination of the broker as to whether or not an account is flagged for PDT. Make sure by checking the documentation with your broker and resources like these: https://www.sec.gov/fast-answers/answerspatterndaytraderhtm.html , http://www.finra.org/investors/day-trading-margin-requirements-know-rules . Once an account is flagged for PDT, it doesn't go away.
Most brokers will keep tabs on your day trades and make that info visible.
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Great Video! It is great to see your thinking process. I'm just curious if you switch to other time frames to smooth out the curve and remove some noise to avoid shake out or if you only use 1 minute. Clearly you don't have to worry about PDT rules like I do. I'm constantly rethinking trades because I can't exceed the 3 trades in 5 days. It sucks and has cost me a lot of money
@DM4BigD sorry for the delay......absolutely switch to other time frames all the time. you never know what the rest of the tradng world sees until you do.
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As I read your story, and review the lesson Tim has shared on many of his videos, Every trade is a lesson, the good ones, the bad ones, you should always learn from the bad ones, You know the lesson, what you should have done, the hurt comes when you know you should have been a winner, the lost of money sucks. stay focus it sounds like your well on your way. I'm following you so I can learn, I'm new and only have done a few paper trades, I will tell you it sucks on paper too. I have tons to lea
Thanks SKYisDLimit. I traded for almost a decade and never really made much money. I was one of those 90%ers that lost. Tim's training is the first more formal learning and since applying his lessons and those on this board my profits have been much more consistent. I have not attempted for any home runs, only singles. Good news is overnight 2 of my day trades cleared so I'm breathing a bit easier this morning.
Good, I have so many lessons to still do, I do paper trades only. But like you I have paid for services with very little wins, infact i lost tons. I feel Tim is much different, and i like his teachings.
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Wow, I love the detailed information here...Thank you and you will make the money back plus plus ;)
trust me when I say be patient, I learn that I was overtrading just to trade, I was making charts to look like I wanted them to look and not allow the truth to be told. I spent about 100hrs just watch the tim video's and just stop trading. I also sold all my stock at a neg or maybe a small gain, but mostly at a neg. Hard to see that money go down the drain. Study and find your style. most of all do not follow or chase the chat rooms picks. 99.9% of the time they ae in the stock that they mentio
Amazing story bro!
I am encouraged! Thank you for this post, for the reminders and for telling me that you used to use STT but that you use Equity Feed now. Thank you! I must do better on discipline and focusing on a smaller number of set-ups and STICK TO THEM without allowing FOMO to get to me! I know I NEED MUCH MORE DISCIPLINE!! I need to turn this losing ship around!!
Thank you for sharing your very honest and inspiring anniversary post!
great reminder a few big losses makes a big difference, track your trades to find your strengths, narrow your focus and play the setups that fit you best, bet conservative, refine your exit strategy to capture bigger pieces of the moves.
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