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Lyoness
Lyoness Sep 23, 10:49 AM

This is great, thank you for taking the time to put this together. I have a question for you, when you're determining whether or not there's resistance in the way, what are you looking for? Resistance should be a certain % away or nothing there at all? And is there a certain way you calculate whether or not something counts as resistance? (Lately I've been counting something as heavy resistance if it has a volume candle over 3X ADV, but I'm curious what others are considering)

KaranKhanna
KaranKhanna Sep 23, 11:15 AM

@Lyoness , heavy volume on daily, once i determine which daily candle has heavy volume then i look at intraday for consolidation/sideways grind and if the range is too wide, i use the consolidation low as my risk and if range is tight i use consolidation high as my risk. If i cant find any consolidation then i risk the high of the daily candle and would take entry closer to the high. If stock doesnt reach the any of the levels i planned for i will create a plan after 10am looking at the intrad

twarmbruster
twarmbruster Sep 28, 4:09 PM

Hey thats an awesome explanation. Very implementable tips. Love the 5min candle tip

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Kpow2020

I knew nothing about the stock market when I started with Tim & his team. I had never traded before and I am almost a year in. Until recently I was only able to study part time, about an hour a day & a few on the weekends. Now I am able to study full time. I will be successful at this. There are no other options for me. Studying is key, not squirrel trading. Stocks are not shiny objects. Study a lot & trade a little. Here is a list of books I have read & ones I am working on in addition to: Tim's daily lessons, all the teams weekly webinars, the specialty dvd's, Tim B's daily briefings & morning meet-ups as well as the much appreciated guidance I get from my coach, Joel Sykes. Books I have read: An American Hedge Fund by Timothy Sykes The Complete Penny Stock Course by Jamil Allah Reminiscences of a Stock Operator by Edwin Lefevre Complete Turtle Trader by Michael Covel Trend Following by Micheal Covel Working on: Technical Analysis Using Multiple Time Frames by Brian Shannon The Candle Stick Course by Steve Nison

Received 1 Karma
ElleDiane
1
ElleDiane Sep 18, 3:37 PM

Right on Krista!! Keep up the good work. We'll reach our goals for sure!

Kpow2020
Kpow2020 Sep 20, 9:52 PM

Thanks for the encouragement! You are so kind... We will definitely get there. :)

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Sebastians

2nd week of june 8-13. Overall an ok week, i'm not particularly happy with how I traded, friday being the worst day despite the profits, I've recognized how much being around the 25k number in my account is affecting my trading, I want to grow as much as I can from there, but I find myself taking bad trades because i'm worried about going back under the PDT. Here on out, really focusing on the backside as I primarily short, Really waiting until the names are weak and really fading vs trying to trade reactively out of the open and being chopped around. It's just not worth starting the day in a whole and the mental exhaustion that it brings. I over traded friday as well. somewhere near 20 trades? lot of scalps and was just trading nervously all day. going to really reset this weekend and come back fresh. Now is the time to step on the gas! posted the proof of all the trades from friday since I didn't directly upload from TZ and didn't post under each individually.

ElleDiane
ElleDiane Jun 14, 10:59 AM

Keep pushing on Sebastian!! We'll all get better as we work hard! I've actually been making fewer trades and still not doing so hot. I will be taking a bit of time off in the next two weeks. I hope it helps too.

Sebastians
Sebastians Jun 14, 8:43 PM

@ElleDiane Hey thanks, I'm not giving up ever! from the looks of your chart you're doing phenomenal! you're doing something right since your turn around in october, maybe take that time off to still keep in touch with what's going on while you review all of your good trades to see what you're doing right, just keep doing that! Stay the course

ElleDiane
ElleDiane Jun 16, 5:52 PM

Well, don't be fooled, I've got another couple of heavy bags. I know I will get rid of them this week. It's embarassing how "heavy" they are. Oh well, maybe this time it will kick my ass hard enough to stop holding things too long. I am super glad that I've had a lot more wins than losses, now it's just getting the losses smaller. I will have my computer with me, I think it'll be good for me to watch and not act on anything!! Cheers!

Sebastians
Sebastians Jun 18, 10:42 PM

I know cutting that stuff is hard, I think I remember talking about those at the conference. I would cut them , they would just hold me back mentally. As most good traders say, knowing what to avoid is more than half the battle. i'm just trying to keep out of trouble now. really need to scale a lot of stuff back. constant refining.

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Sebastians

week of may18-22, didn't trade because family was in town. When I came back I was definitley not in my groove and it showed, friday I traded like sh*t, bad entries on trades that weren't there. gonna reset for the long weekend.

ElleDiane
ElleDiane May 22, 11:52 AM

@Sebastians. I think this has been one of the toughest weeks of trading because there's so much going on and it's too crazy. It's been extremely hard to stay disciplined and you are not alone. Thanks for the comment. Happy Memorial Day weekend!!

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Received 76 Karmas
gmen3322
gmen3322 Aug 09, 12:15 PM

needed this video after the bad week of undisciplined trading I had. Ready to focus up on my setups going forward and stop gambling. Thanks Jack!

Ade50
Ade50 Sep 15, 5:11 AM

Another great lesson, thanks again Jack.

Crazey_Canuck
Crazey_Canuck Sep 19, 5:27 AM

Thank you Jack Second or third time watching this very cool remember if you are ever in Fl. Delray or Ft lauderdale area let me know and we'll get some golf in on my way to the course today being Saturday and all. thanks again

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