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StevieW
1
StevieW May 11, 18 11:17 PM

I think the one thing you are missing here is these are all very different patterns. You should take a step back and look at the setups and focus on one or two setups. What are the patterns you play and have you developed a trade plan for those setups? I recently went on a big trading spree of random patterns and took very random trades and didn't not get great results. Since I refocused, I only focus on specific patterns and only trade them when they match my trade plan perfectly.

waddell
waddell May 12, 18 12:33 AM

@JKelly has a good point as well. I have found it easier to focus on 2 patterns (premarket breakouts and overnight holds) for better returns. Dux mentions that these are his most successful patterns. I find buying something ending near the HOD in the last power hour to be a good overnight hold as long as there is no overhead resistance.

kobayashimaru
1
kobayashimaru May 12, 18 1:41 AM

It is very frustrating to miss a good setup by just a penny or two, I would rather missing by a mile or not be right at all. But I take pride in the fact that my setup was correct and I was at least in the playing field.

Mrs_Wizefool
1
Mrs_Wizefool May 12, 18 11:38 AM

@waddell I actually am still in the process of determining a pattern or two that work best for me. So, I'm still trying out patterns and collecting data on my abilities. Believe me, that's something I want to do.

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EZTrades
1
EZTrades Jan 20, 18 6:36 PM

Just remember, you must learn how to lose before you can win. Tim G blew up his account SEVERAL times before becoming profitable. Keep at it brotha. Cut down position size, stick to your plan, and most importantly, cut losses quickly and move on. Learn from your mistakes.

AltonDinger
1
AltonDinger Jan 22, 18 7:26 AM

Yes, it hurts to lose. But, I believe that you are building your trading character and wisdom. I have learned from Tim.I only use about 10% of my portfolio to stop the pain.

Mpalex
2
Mpalex Jan 22, 18 4:23 PM

It's not a loss if you learn from it, but tuition.

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waddell

@RolandWolf If you happen to be doing an overnight hold (as you described in the podcast interview) could you make a video on it? would love to hear your thought process when deciding which stocks are good. Big fan of you man!

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nick4078
nick4078 Dec 12, 17 12:38 AM

Yeah really hope to see one on that strategy.

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waddell

@dux will you be covering scaling up in your dvd? I feel like the mindset with under 25k is different from having 25k+.

dux
2
dux Oct 01, 17 4:50 PM

scaling is something foe big account. personal advice

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