Received 43 Karmas
DeeDeeMarie
DeeDeeMarie Apr 13, 1:28 PM

Wow Jack... Thank you for sharing and in the process showing us all how our emotions can get us into trouble. Hopefully it will keep the rest of us from doing the same thing.

RichieRichW
RichieRichW May 13, 8:19 PM

Jack, this lesson brought back some of the most painful memories I ever experienced trading stocks. I've been caught like that as well, but I just ended up becoming a bag holder for about 6 months. I was long the stock and it moved against me but I was full of "HOPE" that it would come back and I would get my money back. Well it never did come back and ended up going all the way down to the .oo5's then .004's and so on and so on. The thing is that I got into it at the .20's and it ran all the wa

Jackaroo
1
Jackaroo May 13, 8:24 PM

@RichieRichW what a story... sorry to hear man. It really all comes down to cut losses quickly! Add to winners, NEVER losers, and never hold and hope.

jcash3485
jcash3485 Jul 21, 6:00 PM

Jackaroo I took a major lesson from this video. Thank you for sharing, this probably made you a 10x better trader then you were before, and to man up and recap it and make a video of it for others to learn from is class act!!!!! You already knew what to do and now I bet you will never forget it. Probably one of your greatest learning lessons that sharpened your skills even better for the future. Thanks again man!!!!

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joecrowley7777

@RolandWolf Saw you interview on here recently and really happy for you and your family. I need to learn more, a lot more, before feeling comfortable enough to confidently trade. I have been watching the 14 videos Tim offers for FREE to all. Trading for the 1st 2 hours a day is tough right now for me. I heard loud and clear your hours were flexible at 1st in the family biz. How crazy would it be to do NOTHING but learn and educate myself the next 6 to 8 months, sell my house, take the proceeds and rent a place and trade with the remainder? Maybe I paper trade a few months too before doing this. I have a son and want to plan smart and not fast. I am willing to take the time to get there. Any key tips, videos, advice or words of wisdom to offer? Keep at man. I am impressed and happy for you.

Sylvia_cc
2
Sylvia_cc Apr 12, 18 11:08 PM

I think selling your house in a very bad idea. Check Tim Grittani story.

Fox_Trader
Fox_Trader May 12, 18 7:30 PM

Defiantly not a good idea listen to Sylvia

joecrowley7777
1
joecrowley7777 May 12, 18 7:53 PM

Agree 100% and thanks for the gut check. I really count myself as fiscally conservative and will take the advice wholeheartedly.

AnneMarita
3
AnneMarita May 15, 3:43 PM

@joecrowley7777 I've been trading for two years. Trading in Tim Sykes group and two other ones. One of them is a private group of just a handful of us. Many of us have reached 6 figures in trading now. Most started with about $10k trading account. It's enough to get going. The most important part is studying and practicing. People usually need 2-3 years to become profitable. Lot's of studying, is the name of the game!

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Received 55 Karmas
finnigen
finnigen Oct 13, 18 6:37 AM

Thank you so much for the video lessons! They really help! Keep up the amazing work!!!

Jakestocks52
Jakestocks52 Nov 08, 18 7:46 PM

you only put out great content and i love and respect the hell out of it

Nickneal17
Nickneal17 Jul 23, 8:27 AM

@Huddie I typed a full page of notes on this video alone. I haven't yet seen the Framework DVD, but you gave a solid idea of it. Thank you for reviewing this and solidifying the knowledge I have been building up.

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TimeFliesBuy
1
TimeFliesBuy Mar 31, 18 3:28 PM

The market is weird right now but usually we can track what is hot, nit just sectors but sometimes just CEO letter to shareholders or an 8K about an upcoming reverse split. So before going into a chat you need to know what is hot and cold right now.

SKYisDLimit
SKYisDLimit Mar 31, 18 7:24 PM

Short term long is what I like, very hard to find stock to short...I do look for hot sectors, But what I look for is the bottoms and gettin in on a bounce. The Charts mess with my plans the past several weeks and just killed my account.

TimeFliesBuy
2
TimeFliesBuy Mar 31, 18 8:03 PM

Shorting JNUG or any ETF through an option is a recipe for disaster unless you have a time-tested strategy or an ALGO that has been heavily backtested. I'll send you a message shortly.

SKYisDLimit
1
SKYisDLimit Apr 01, 18 7:50 PM

Agree with that said, most of my JNUG are channel trades, between 12.80 and 14.00 i have followed this for the past year and it has a good trend i can follow.

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Received 43 Karmas
Clovis
2
Clovis May 23, 18 9:31 PM

Wow, I love the detailed information here...Thank you and you will make the money back plus plus ;)

papajohn
1
papajohn May 23, 18 10:49 PM

@Clovis yep for sure. I already have. I’m at new all time highs now.

Clovis
2
Clovis May 24, 18 8:28 AM

Awesome! I just need to turn my chart around like you did...lol

SKYisDLimit
2
SKYisDLimit May 24, 18 8:54 AM

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

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hr_tetra
1
hr_tetra Feb 09, 18 1:14 AM

I have listened to Brett Steenbarger lately. His experience is that most traders fail because they haven't found their edge in the market. Some might be frustrated, and start to overtrade/not managing risk well, and might believe they have a psychological problem, when really the psychological problem stems from not having the edge.

hr_tetra
hr_tetra Feb 14, 18 7:21 AM

Sorry, haven't been checking my mail lately. Please, do add it!

Cbthomas
Cbthomas Feb 19, 18 1:51 AM

very true,well said.

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