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bigman
1
bigman Mar 13, 17 11:49 PM

Good point. Even though Tim says to "trade scared" it is important that fear not be one of the leading emotions you trade with. When he says "trade scared", I think what it means is to always be aware of risks, always be prepared for shit hitting the fan, etc. Confidence is important!

friesian
1
friesian Mar 14, 17 7:30 AM

thx for sharing. I think that actually no extreme emotion is good for trading - neither fear nor too much of confidence or expectation. Also Steve Nison talks about it in his book about candle sticks - just started it yesterday.

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MetalHat
1
MetalHat Feb 26, 17 2:49 PM

Going to order this one to read next. Finishing up "Chart your way to profits" right now. It's a decent book on chart analysis. I'd like to have "Trading in the zone" on my shelf and ready to pick up as soon as I am finished with the other one.

anatomic
1
anatomic Feb 26, 17 5:24 PM

@MetalHat There's an audio book on youtube for it. It's like 8 hours long but it's really good.

JWStocktrading
JWStocktrading Feb 26, 17 6:26 PM

Just started the audible for that book today. Blown away by how much I can relate already just in chapter 1 and 2

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huperauxano
huperauxano Feb 26, 17 2:02 PM

Put in a LIMIT order not a MARKET order - where you can specify exact number instead of letting brokerage houses screw you on the spread. Welcome to the party!

JWStocktrading
JWStocktrading Feb 26, 17 6:33 PM

Great video! So funny hearing your story. I've got caught up the same ways lol. Don't do market orders. LIMITs ONLY

Deep
1
Deep Feb 26, 17 8:08 PM

good luck man you got yourself a new follower :)

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spidereyesoup
1
spidereyesoup Feb 26, 17 9:52 AM

I like The Complete Guide to Day Trading by Markus Heitkoetter. Talks a lot about how Important the strategy is you use to trade and has lots of good tips.

captainadjuster
captainadjuster Feb 26, 17 7:13 PM

Thanks guys! I've downloaded "The Complete Guide" and "Trading in the Zone" I'll get them done this week!

spidereyesoup
1
spidereyesoup May 02, 17 12:08 AM

How were they? I recently read Trading in the Zone. That ones the best.

captainadjuster
captainadjuster May 02, 17 1:48 PM

I read Ross Cameron's "How to Day Trade", it was informative and more an instuction book on his strategies than anything else. I'm just starting "The Complete Guide" I find his writing to be a lot less dry. I can't say much more about it yet.

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kgarcia
kgarcia Feb 25, 17 5:13 PM

Good luck. focus on finding one winning strategy that suits your risks. Some people short some people long. I personally hunt for earnings winners and watch for a morning spike and enter during the pull back or I watch for a morning panic and enter on the first green candle.

Garrick
Garrick Feb 26, 17 11:53 AM

@kgarcia Thanks man. So far I seem to be long biased. However, I want to learn to short.

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combatbob
combatbob Feb 25, 17 10:33 AM

just happen to be watching Trader Checklist #4 talking about same subject. Good info thanks

huperauxano
huperauxano Feb 25, 17 7:34 PM

Another reason to use mental stops is because sometimes the market makers will see your stops and manipulate the stock to capture the stops then move price back. They can't see your stops if they are mental.... We should call them Ninja Stops....

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huperauxano
huperauxano Feb 25, 17 7:29 PM

@harsto on your profit chart looks like you are starting to make it through the wilderness and are seeing more wins than losses. I am close to turning it around - have two trades I am up on and holding over weekend with good covers into morning on Monday so hope to chip away at my losses. We started same time so I'll keep an eye on how you're doing. Good luck this week!

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