taylor6612

Alright so this here is gonna be what I noticed over the past several weeks about my trading. First off I've been winning more which is great!!! I even found some patterns that work consistently for me. At first I was doing great having 10, 20, 30% winners. The challenge I am facing now is wanting things too badly and trying to rush the process. Last week I turned 3 10-20 % winners into losers by wanting more and not taking profits. Now yesterday I dud the sane exact thing with 3 stocks that were 10%+ winners and I didn't take profits and again turned them into losers. I need to find a way to force my trades to be no more than a 3% loss and also a way to force myself to take profits. A trail stop would be a great way to force profits if I set it at a 3% trail once it hits my 10% goal. As for if I'm wrong I need to figure exactly what would be a 3% loss and set a stop at that no matter what and only change it to a 3% trail stop if I'm right and it hits 10%. I can personally say mentally will not cut it for me because I'm to stubborn and I want this super badly. In a few months or years I can retry mental stops/ taking mental profits but as of right now I can't make that happen.

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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

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brandonkoy
2
brandonkoy Apr 19, 23 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, 23 1:08 AM

i love this.

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