Jayray_68

Super awesome to put some faces to some names finally, pretty awesome to answer some really in depth questions at the 2023 conference as well. Lots of traders with a desire to become better. That’s a good thing. It takes a ton of trial and error in this industry to find out what works for you my biggest take away from the conference is everyone sitting on stage capitalized on the mania when it presented itself and worked on perfecting their strategies in the slow time. This is important for me and it ties into seasonality. As the market presumes to be bearish. I’ll focus on doing what I’m doing and not feel obligated to necessary push my size as I was beginning to. And wanting to, there’s a time and there’s a place for pushing size and capitalizing on my strategy’s and current market conditions are telling me take what I can get for now and just be prepared to push size when the opportunity finally presents itself. So far I’m staying pretty locked in and comfy with these $300-$400 losses in our current market. It’s not a cookie cutter approach everyone’s strategy , comfort, account etc is totally different so defining what you’re willing to lose in your strategy will be different than mine. My goal for 2023 was to not let my account take any big hits and proud to say I’m only a couple months away from succeeding this goal thanks to 2 golden rules. Rule number 1. Never add to a loser. Number 2. Always have a predetermined dollar loss in mind per setup and size in so I’m not risking more than that dollar amount. This has allowed my winners to almost always outweigh my losers and has been a huge push forward in 2023. If I complete my annual goal for 2023 I can set a new once in 2024 and I already know it’s going to consist of letting my winners run and having more patience. Trading is like stacking blocks. One at a time and in uniform is the best way to build the tallest and strongest wall. Happy to say 2023 has been a great year of profitability especially in such a slow market where other traders have been simply trying to survive. But it’s not luck it was hard work dedication and the thirst for financial freedom. There’s no expiration to become a successful trader just know that, everyone’s pace everyone’s life style is totally different. It’s up to your dedication on how fast you want to speed up that learning curve. I do have to say met some great people at this conference probably the funnies response was “Jayray you’re not at all what I thought you were, you’re a lot more hillbilly than I imagined” literally will be laughing at that comment for years to come. Great meeting you all. Never forget it’s strictly business out here. The second you get comfy is when you get run over. Every day is the chance to learn something new no matter how far along in your career you are. God bless and trade on! If we met at the conference let me know what your favorite thing was would love to hear it🤘🏻

Received 11 Karmas
Hirtz
2
Hirtz Oct 29, 1:05 PM

You are a hillbilly! Try to avoid elevators for a while! Best part of the conference was putting faces with the names and discussing different viewpoints/strategies.

brandonkoy
1
brandonkoy Oct 29, 11:32 PM

you the man jayray fav thing was everything

AllenMorelock
1
AllenMorelock Oct 31, 1:40 PM

Hirtz summed up what I was going to say...lol You've been crushing it this year! Keep it up! My favorite thing was definitely meeting everyone and hearing their stories, good or bad.

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taylor6612

I'm gonna start doing monthly reviews. On profitly but not by video as i have no clue how. Im terrible at tech! I've been doing them on Facebook but I think it's just less organized and honestly I'm really starting to hate social media. I only have Twitter because Tim yells at us if we don't 😅 I will never use it though other than to see his tweets

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taylor6612

Good afternoon Tim, I am making a poster to tape above my computer as I know during trades or just in general sometimes you forget rules. So I made a list here of all the ones I could remember from you and could you please let me know if I'm missing any 1.cut losses quickly 2.stick to your plan 3.track all trades 4.study hard and never stop 5. Be extremely cautious of midday trades/ don't trade them at all 6. Don't trade random patterns 7. Don't force trades 8. Stay motivated it will all be worth it in the end 9. It's a marathon not a sprint 10. Learn to become self sufficient 11. Ignore the negative people 12. Don't believe or fall in love with the penny stock scams 13. Never give up 14. Use mental stops 15. If you trade scared trading isn't so scary 16. Trade like a sniper 17.only come out of retirement if you feel you'd miss out If you have any more or ones that I missed I'd greatly appreciate if you mentioned them so I can add to my poster. Thank you in advance and have a good weekend

Received 1 Karma
brandonkoy
2
brandonkoy Apr 19, 12:31 PM

great. i'll add trade small in the beginning, keep doing what works stop what doesnt work, slowly size up on your best setup when the opportunity is there

BigZ
BigZ Aug 19, 1:08 AM

i love this.

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