Lessons From My Worst Trade Of The Year

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

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  • @notorious6668
    @notorious6668 8 ปีที่แล้ว +7

    I've made $47k on an $18k account in the last 3 months on your silver program. I principally use the video library and am disciplined in the application of your strategy. I'm contemplating placing an application for your Millionaire Challenge, though I'm dubious as to whether or not it's necessary.

  • @ChrisVanSlykeCVS
    @ChrisVanSlykeCVS 8 ปีที่แล้ว

    Thanks Tim! You are a great teacher! I have learned alot from your videos. A pattern I noticed is that the morning panics tend to last 25-30mins then you get the bounce. AirplaneJane also noted that her best bounce entries are around this time after the market opens. One way I try and avoid picking the wrong bottom is to wait for the RSI to be oversold on the 15 min time frame and then buy after a red to green candle where the green candle breaks the high of the red candle on the 1 min chart. Combining these rules with support levels like you do is extra insurance. Look forward to your future videos.

  • @ronnicholas4604
    @ronnicholas4604 8 ปีที่แล้ว

    It takes a lot to do videos like this and OWN it. Especially when you're the supposed to be this maestro trader like a lot of others but in reality, showing how easy it is to make mistakes shows a lot of humility and care for your students success and I'm you're still at it helping full time job smart phone traders (I know) learn from mistakes and grow profitable enough to live and enjoy life. Thanks Tim!

  • @thomassive7281
    @thomassive7281 8 ปีที่แล้ว

    your worst trade yet you cut losses so intelligently, a true guru

  • @keith2754
    @keith2754 8 ปีที่แล้ว +5

    Thanks for the honesty Tim. Half way through your Trader Checklist. If I make my first $100 of the free dvd. Then I'll buy the how to make millions and many more. Cheers! From Canada

    • @keith2754
      @keith2754 8 ปีที่แล้ว

      Gotcha, thanks for the insight.

  • @martingavrilov5873
    @martingavrilov5873 8 ปีที่แล้ว

    Tim I don't mean pressure you or anything, but cant wait for you to upload the short side of the SSS to the trader checklist. Currently I use the SSS on every trade and when i go short i simply consider and grade higher the opposite factors of going long like for example, a failed resistance break or a failed red-green action. Am i on the right track here? Thanks again!

  • @evan-1337
    @evan-1337 8 ปีที่แล้ว +1

    I'm watching your How To Make Millions DVD as we speak, and looking at chart ALKM, you just said don't try to buy the bounce on the 1st day once they start dropping, wait a day or two. Take your own advise!

  • @F1motoracer
    @F1motoracer 8 ปีที่แล้ว

    with penny stocks do you look more at them with just a candle stick chart and try to understand the repeated patterns from that more so then the companies financial statements as with most buy and hold stocks or do you find that your best penny stock buys are ones of strong financial condition ?

  • @NSGDUB
    @NSGDUB 8 ปีที่แล้ว +1

    What if you don't have 5,000 to put into an account Tim.. is it possible to start smaller? Or do you have to start with 1,000+ to be successful.

  • @quagmire444
    @quagmire444 8 ปีที่แล้ว

    Thanks for the vid tim. I learned a tough lesson the other day and lost 200 dollars on a 1000 dollar account on a trade where I got greedy and didn't cut losses quick enough. Thankfully I earned it back with some smart trading.
    I bought into CGRW at 2.80 and am hoping it can bounce back from its dip. CANN and some other cannabis stocks that have been heavily uptrending for the last month or two all had moments where they dipped by a dollar or 2, and recovered to their previous price and even broke highs within the next day or two. I'm hoping thats the case with CGRW.

  • @bigash44
    @bigash44 8 ปีที่แล้ว

    It takes some tremendous courage & confidence to show your losses. Timothy, thanks for sharing so others can learn, not to mention, letting us know you're human. Giving credit to where credit is due. By the way, cant tell you how stoked I was to see you release a video on one of my winners. Makes me think I'm doing something right. If I knew how to screenshot my account I would, but I found this one Oct. 10th...in at $1.40, out at $2.80 today on the return....not sure how the perfect double happened, but I'll take it. My only mistake was buying a measly 140 shares b/c I'm one of those small guys, but I probably could have gotten 400 shares at most.

  • @kccj12
    @kccj12 8 ปีที่แล้ว

    What do you think about center point they seem to have shorts for every think at vision and etc although some are hard to borrow and ya gotta pay 0.05 per share?

  • @muhammadakash2804
    @muhammadakash2804 8 ปีที่แล้ว

    are web based executions good if use with stock to trade( for all the analysis and level 2 ) ?
    Thank You! :)

  • @jrod-qd1vx
    @jrod-qd1vx 8 ปีที่แล้ว +2

    this is probably a terrible rookie question but if a stock is down why don't you just wait it out and sale it when it spikes back up, you can sell whenever you want

  • @Ayayron_e3
    @Ayayron_e3 8 ปีที่แล้ว

    so double bottoms typically lead to gains? or not as usual

  • @jared1379
    @jared1379 8 ปีที่แล้ว

    So cut losses quickly except for a panic like this where you should bank on a dip?

  • @justinmarty127
    @justinmarty127 8 ปีที่แล้ว

    Really appreciate these vids man.

  • @DreamTheSpirits
    @DreamTheSpirits 8 ปีที่แล้ว

    was this stock not a pump then?

  • @Mbstocks2020
    @Mbstocks2020 8 ปีที่แล้ว

    CTRV did the same thing with me, and I lost on it, but I am happy. Because, I followed the rule and cut lose quick . got in to CTRV at $2.28 and exit in 2.18

  • @pssoa1112
    @pssoa1112 8 ปีที่แล้ว

    Examining a bad trade is the best way to learn.

  • @comelliandrea
    @comelliandrea 7 ปีที่แล้ว

    Thank you Tim!

  • @futureprogrammer880
    @futureprogrammer880 8 ปีที่แล้ว

    what trading platform do you use? thx

  • @suzannemarieclinton1635
    @suzannemarieclinton1635 8 ปีที่แล้ว

    Thanks so much for this.

  • @Mbstocks2020
    @Mbstocks2020 8 ปีที่แล้ว

    CTRV did the same thing with me, and I lost $120 on it, but I am happy. Because, I followed the rule and cut lose quick .

  • @koltonfreck
    @koltonfreck 8 ปีที่แล้ว

    isn't this hindsight trading?

  • @bengt2852
    @bengt2852 8 ปีที่แล้ว

    very useful, timothy!

  • @jonyD143
    @jonyD143 8 ปีที่แล้ว

    Thanks Tim

  • @haronxodus
    @haronxodus 8 ปีที่แล้ว

    that his platform, stockstotrade.com. it's awsome. great video mr. Sykes. thx

  • @gladisgutierrez7990
    @gladisgutierrez7990 8 ปีที่แล้ว

    thanks for sharing this video 🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔

  • @ryanhudson9388
    @ryanhudson9388 8 ปีที่แล้ว

    Tim, how long do you recommend paper trading? I'm going to start out with a very small account. I can't afford to lose and refuse to settle being one of the dumb traders you have made so much money off of!

  • @nicolasdykes7258
    @nicolasdykes7258 8 ปีที่แล้ว

    watching now

  • @raphaelcarvalho3389
    @raphaelcarvalho3389 8 ปีที่แล้ว

    Amazing loss to learn!

  • @richvocal7367
    @richvocal7367 8 ปีที่แล้ว +1

    I'm blocked from your twitter for some reason

  • @raybosflorida4928
    @raybosflorida4928 8 ปีที่แล้ว

    should have never sold ,,,all weed stocks recover ,,some faster than others but look at all & we still have till 11/8

  • @TJ_Undercover_Millionaire
    @TJ_Undercover_Millionaire 5 ปีที่แล้ว

    Very Good Lesson on Dip Buying ✔︎ Y.N.M♛

  • @richvocal7367
    @richvocal7367 8 ปีที่แล้ว

    hi

  • @footballmaster2314
    @footballmaster2314 8 ปีที่แล้ว +1

    This SEC tick-pilot program is BS.

    • @footballmaster2314
      @footballmaster2314 8 ปีที่แล้ว

      You find this to be better than the usual trading?

  • @carlug03
    @carlug03 8 ปีที่แล้ว

    you went too greedy great lessons