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DominicanWolf
DominicanWolf Apr 14, 11:50 AM

Awesome post! It is inspiring me to keep learning the market and pursue my dream of being a full time trader! Thank you Mason

MikeyMoe
MikeyMoe May 19, 7:43 AM

Lots of good nuggs of wisdom here. I'm almost 2 months into the challenge now and glad to come across a post like this. It's refreshing to see some long bias, everywhere I turn it seems that people want to drop the hammer on stocks-ha! I can see where you are coming from with understanding the mindset of a short seller to help with long setups--Spikeability and Short Stocking have given me some perspective on this, as well as SEC filings and the book the art of short selling by kathryn staley se

wildwes
wildwes Sep 09, 7:51 PM

awesome post @mason_fecht! I've been focusing lately on avoiding getting shaken out of my trades and am having much more success!

Drogomirdrogon
Drogomirdrogon Sep 09, 11:46 PM

wow man, very inspiring! thanks for taking the time to share this with us. i've been a trading challenge student for a under a year now but i've only been trading for about 4 months. When i get discouraged its post like this that perk me back up and keep me focused. Thanks.

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MCreator

@dux Hi, Steven. I enjoyed your DVD. question, for the pre market breakout strategy, what are you looking for to put the right tickers on your watchlist for this particular strategy?

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thughes3
5
thughes3 Jan 18, 10:40 PM

anyone questioning the strategies in the dvd needs to watch it again. and again. rewind parts, put your phone down and take notes. its literally typed out on the screen. -------- up 20-25% pre market (up at least that much) 9million and under float works the best (unless biotech), needs news, and low resistance, before he goes into the strategy he talks about the resistance. its all there.

10xLifeStyle
2
10xLifeStyle Apr 28, 10:18 PM

Wow some people in here are so greedy. This amazing dude doesn’t have to help us out at all! He takes the time to put out free content and videos with Tim. Like grow up , put your big boy pants on and start studying. His main advice was find great mentors and learn the best from all of them . You don’t need to tell him what he does wrong . Worry about what you do wrong man. And you know know you are! This place is for uplifting not bashing! Please stop the crap thx!

SamH90
SamH90 May 17, 6:34 PM

@bahamastrader123 If you don't know what consolidating in a channel means you're not making money because you are clueless. You have no business trading, which is why you're not making money. Study first, like a lot more before blaming someone else for your ignorance.

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WoodbTrades

Because I noticed that Finviz does not show any penny stocks otcb etc. I found this place to supplement my list building I do every night, I use screeners and look in three different places each night to make my morning watch list. curious to see what other people use. Is there ONE that fit all? And is it free? Here is what I use. http://www.stocksunder1.org/penny-stocks/ https://finviz.com/screener.ashx https://www.chartmill.com/stockscreener.php?o=59270 sometimes this site too: http://www.lowfloat.com/

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WoodbTrades
WoodbTrades Jan 06, 18 3:28 AM

PS .. I actually have $VUZI on my watch list for monday, along with; AQB (1.5m float) , $CYTX , $CVO , and DMPI (15 m float but had decent volume)

mendozatrader
mendozatrader Jan 08, 18 8:44 AM

Good lessons, thanks for sharing! I did something different with $VUZI: due to the positive news (even in bloomberg) and because of the 52WH b/o closing last Friday I bought a very small position at 7.90$ and hold over the weekend. Unfortunately I was not connected an hour ago when reached 9.5$ in premarket in order to sell but I will wait until market opens to sell. One question: Where do you check the shares short for a ticker? cheers!

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hacktheticker

I bet I am the biggest overtrader in the freaking universe, 31 trades in a day :( That's just disappointing, be careful where your mind can take you. I have promised to my team mates that I will be reducing my trade size from now on. Please blame me for all of my trades today, will be posting them tonight. Lesson learned.

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TimeFliesBuy
2
TimeFliesBuy Jan 26, 18 11:32 AM

Then you have to grade yourself as well. Work on entries and exits

TimeFliesBuy
2
TimeFliesBuy Jan 26, 18 11:34 AM

which means you need to know the plays/patterns/framework/timeline/fundamentals and so on. Take it one play at a time, in this game you never really stop learning because theres always new sectors or bubbles.

WoodbTrades
1
WoodbTrades Jan 27, 18 2:08 AM

Yeah I want to do all that stuff and perhaps one day I will when I have the time to, right now I shuffle a full time job, working 60 hrs a week and learning from all the DVD's for the challenge... A little overwhelmed at the moment. But it sounds like something I should be doing if I want success.

alan316
3
alan316 Feb 03, 18 8:43 PM

your doing better than you did, just take the great setups. not any trade thats moving.

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ZarahnTrades
ZarahnTrades Jan 04, 18 11:32 AM

@williammorris16 Yeah, thank you. I guess it does really come down to being a new trader. 1. my confidence isnt great 2. Im not properly planning before trades. Thank you for the help.

jsiv95
jsiv95 Jan 04, 18 1:19 PM

I miss dozen of them a day. You can’t trade them all and you need accept the idea your eyes can’t be everywhere. If you miss trades on stocks you are watching closely then its another problem : you might have the fear to pull the trigger when things are setting up. That means you’re most likely not prepared enough. Prepare your trades more. If the things you’re looking for are lining up, you shouldn’t be hestitating. Try visualization. Be in the trade even before it actually happens. Good luck

jsiv95
jsiv95 Jan 04, 18 1:26 PM

don't focus on what you've missed. that'll destroy you. focus on opportunities.

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Zohib

@MichaelGoode hey Michael do you know of any charting software that let's you look at intra day from the past?

Alex4Cash
1
Alex4Cash Jan 11, 18 3:27 PM

@MichaelGoode Yes it does! :) I love tradingview, amazing for drawings and fibonaci aswell

Zohib
Zohib Jan 11, 18 4:58 PM

Appreciate the responce guys

WoodbTrades
WoodbTrades Jan 11, 18 11:40 PM

I like it too because you can actually do paper trades as well for free, and you can backtest strategies

mufuroo
mufuroo Jan 11, 18 11:47 PM

TOS allows you to go to any time frame in the past.

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Received 73 Karmas
MichaelPuett
MichaelPuett Jun 23, 12:38 PM

2019 is my year. AND I FUCKING BELIEVE IT

Jules222
Jules222 Jun 25, 1:12 PM

2019 is my year.....BLESS BLESS!!!!!

JonathanIParra
JonathanIParra Aug 22, 8:36 PM

every year is my year, and sure the grinding sucks but it won't after i learn the process and right mindset to make money in the market thanks tim

Noz
Noz Aug 23, 2:53 AM

Watched, cheers Tim.

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WoodbTrades

@markcroock Just starting out as a new trader and also a new Challenge student, I look forward to leaning on you and other successful trading mentors who have been where I am now. I am grateful for this opportunity to improve my life and learn for myself how to fish instead of looking for easy "gimmies". Thanks for all of the hard work you've done and congrats on your successes.

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Received 2 Karmas
asfricksrs
1
asfricksrs Dec 30, 17 6:49 PM

Good luck, great post and attitude. The silver can go towards the challenge, its full of content to learn from. I started with it and continue to study as a challenge student diligently. Our hard earned cash is too easy to give to others in the market.

Torkers
1
Torkers Dec 30, 17 8:21 PM

Very Nice post! Good luck on your journey!

WoodbTrades
WoodbTrades Jan 01, 18 2:08 AM

you can do it, good luck in the new year.

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ThomasLegend
1
ThomasLegend Dec 30, 17 10:40 PM

@Torkers It is the ONLY strategy I use for day trading. And I do it with my phone. Usually with stocks I already know - not scanning for new ones everyday so they're not going to be as volatile as a pump and dump. But you can estimate the percentage drop intraday and set a buy near a round no. if the stock exhibits weakness daily in the morning.

ThomasLegend
1
ThomasLegend Dec 30, 17 10:41 PM

@MK1996 Yes - Dux has mentioned in his interview with Sykes that he has had like a 90%+ win rate with dip buys. It is a higher probability setup. I would say shorting pumps has the potential for much more profits, but dip buying is one of the best patterns for day trading long.

Torkers
Torkers Dec 31, 17 4:43 AM

@thomasKlegend thats soinds just amazing. Im having a rough 1 year - i have studied alot and dedicate all of my free time to trading And IT has not been working to well. My biggest problem is not cutting losses - i hold And hope way too kong And end up with massive losses insted of small ones. 4 weeks ago i really thought i had turned it around - i was down to 1600 $ on my account And then suddenly i felt like everything clicked. I had like 30 trades in a row with profits And made 4500 $ on litt

WoodbTrades
WoodbTrades Jan 01, 18 2:39 AM

Nice to see people on here actually making some profits. Great job

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Rads73
Rads73 Dec 26, 17 8:40 AM

Excellent Tim great lessons really enjoyed the webinar please post the link to the screeners in the comments Thx

RockRobster
1
RockRobster Dec 28, 17 9:35 PM

"If you're new, and you're doing more than 8 trades a week, you better check yourself before you wreck yourself!" - T. Bohen

wills
wills Dec 30, 17 6:45 AM

Thank you Tim! It's good to hear from a part time trader! Love your enthusiasm!

ZiggysMom
ZiggysMom May 24, 18 2:31 PM

Noting that notes help stay prepared. Observe, orientate, decide, and act. Alway be in tune with the trend in the markets. Build the case and minimize bad trades. Don't bag hold, don't overstay. Plan, be patient, protect your gains.

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