Received 3 Karmas
emschwarm
emschwarm May 15, 9:02 PM

Great video man. I need to get a better handle on Level 2. Any recommendations on where to read or video? I found the challenge video Tim did years ago, as he I believe admits, isn’t that great. Like you recognized a shakeout and how that helped you. You’re a great inspiration in the chat. Thanks for always revealing g your shit in there!!

PhillipHampton
PhillipHampton May 16, 12:09 AM

Awesome Job! Great video lesson! I hope to see you again at the next conference

DDT
DDT May 16, 12:37 AM

Thanks Jake! Love the explanation of thought process - appreciate it!

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Jayray_68

its quite amazing how safe trading is when you size into a stock thinking about the possible loss and not the possible gain. 4 losses in a row not intune with the market at all and still green on the week. starting to remind me of january action might consider taking a break to protect

Received 1 Karma
emschwarm
emschwarm Apr 11, 4:16 PM

Lost $500 doing this on Monday with no business even trying to do so with my level of experience.

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Received 3 Karmas
Jayray_68
Jayray_68 Apr 04, 7:21 PM

if you like the video shoot me some karma as always im a trader myself not a profesional investment advisor and these videos are for entertainment purposes only you always gotta trade what works best for you just like i trade what is best for me

karman
karman Apr 10, 10:26 AM

I watched this video on the day you posted it.. much appreciated insights.. helps me to find my own selection criteria.. I like slow and predictable moves over fast and unpredictable

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Jayray_68

Update on small account challenge of $5k since February 2nd just crossed +$3k today rebuilding that foundation very nicely so far. Trading less trading smaller adapting to what the market is rewarding. Missing tons of plays keeping losses small so far so good. Might allow myself to size back up a little bit at the end of this week if I hang onto this Rhythm 🤘🏻. Hope everyone is having a great February im curious what’s the biggest lessons some of you guys have learned so far this month post in the comments. Let’s hear the good the bad and the ugly. Are you up or down? And how well are you adapting to the current conditions ?

Received 1 Karma
Wacker
1
Wacker Feb 12, 9:46 PM

Having a plan and sticking to it “Patience “ I’m a relatively new trader so I’m excited after 5 months of studying and paper trading. I have developed somewhat of a comfort level because I’m prepared and not shooting from the hip. Yes I’m up this month 👍👍

Jayray_68
Jayray_68 Feb 12, 10:43 PM

@Wacker solid👍🏻 keep up the good work don’t be afraid to take it slow. There’s ALOT of learning curves and there’s no expiration to becoming a successful trader. Slow and steady is the way to do it👍🏻

DDT
1
DDT Feb 16, 5:50 PM

Slowly climbing back from the losses, one goode trade at a time. You've been an inspiration Jake - Keep doing what you're doing man, appreciate it.

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Jayray_68

pain + reflection = progress..... february is going to be revolved around trading less trading smaller re-engineering better strategy to adapt to this newer market. +1200 on the week. not the end of the world but definitely a step back from what ive been doing in previous weeks and months stepping my risk down to $150 per trade from last years $300-$400 risk trades when i get convincing stats will be stepping back up with size. this is pyramid trading, this tactic is used to protect my account longer term and previous months and years of success. this tactic prevents profit bleeding and keeps you more level headed to adapt in current conditions. challenging myself to grow a $5000 account in this market this is going to force me to be more meticulous more selective and be more aggresive with tracking and data. February will not be about growing my account like previous months have been february will be about developing a more fine tuned selective angle with quality over quantity. i wish everyone a fantastic february, when in doubt getting back to strategy and process and prioritizing these over profits is key.

Received 3 Karmas
momofwallstreet
1
momofwallstreet Feb 04, 7:34 AM

Thank you for sharing your insights. Protecting your gains while adapting to new trends in the market, developing/fine tuning a strategy and tracking data , sounds like great advice to me.

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Jayray_68

been a struggle this year for me back to updating trades will try to stay ontop of it while im out of my groove, if i get back in my groove might not be updating nearly as much. also im on downsize mode... going from 300-400 dollar risk trades to about 200 dollar risk trades to protect my account during this time of struggle. have been giving back tons of 1 for 2 1 for 3 risk reward trades so will be making some adjustments in my trading to take these base hits a little more often until i statistically start severely underestimating plays again. 2024 is eat or be eaten. time to adjust

Received 1 Karma
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