Below you will see another video of one of my 34 live trades from my upcoming DVD, "Trading Tickers: the Long and Short of it." If you haven't seen it already, be sure to also check out the clip of my FNMA trade from Chapter 6, as it shows a very different type of play. I hope you all enjoy this clip, and please post below or on the youtube comments section if you have any questions about either one! If you're interested in learning more of my rules and strategies, please check out the DVD info link and get discounted early bird prices!
Thanks Tim... one thing I see in this example, as well as being familiar with your story via IU chat's interview, and interacting with you last year at the PSC 2014... I noticed that you really use big size, in comparison to what a yearling, like me, uses.. my question: When did you decide it was 'time' for you to use more size? What specfically, in your trading development happened in your mind that told you ' hey, I am ok to do more size?".... was it clearly being totally ok, with your set risk, and upping your mental set risk?
ReplyDeleteI ask, because, I found that only when I am ok losing (risking) the set risk I might give for myself as I enter a given trade, that I can HOLD the trade through to its fruition.. be it a loser of gainer... thanks.
You're absolutely spot on when you say keeping size comfortable, especially risk, is essential. I didn't just suddenly size up overnight when I was growing my account. It's been a slow and steady process, where I try to keep myself comfortable, yet push the boundaries I place on myself a bit. If you rush it, emotional decisions are MUCH more frequent, and I've done that myself from time to time. But once you get comfortable with a setup trading it small, and know that it can be a consistent winner for you, it becomes a lot easier to start building on size a little bit at a time, whether it's week to week or month to month
DeleteThanks Tim... I am still getting defining what types of chart set ups and price actoin plays I find best. I don't have a set of consistent chart set ups that I am 'best at' yet, per se...I am sticking to small size for now, as Nate Michaud as sort of guided me toward. I can say that differrent minds take to this endeavor differently and at differing paces. You have definitely experienced rapid growth, in comparison to others. I have been at this now 12 months.. but have not taken too much size yet, as I am still not comfortable with the risks involved with such size. I was posting replies to Nate at IU regarding this same thing. It is alluring - for obvious reasons- to want to be as sucessful as Nate, You, Gregg, Phil etc.. but my mental muscle, so to speak, just seems to require more exercise and conditioning than perhaps others.. I am accepting of that, because I feel the authentic care from you and Nate and others at IU, about the differing paths that others have for achieving consistent profits. I do hope to strengthen this mental/emotional muscle further..as I believe most humans with decent faculties are trainable, and can train themselves.. Thanks much Tim...
DeleteLeft a review on investimonials! Looking forward to meeting you in Vegas. -gilgs24
ReplyDeleteYou're awesome! Thanks so much for reviewing! Sadly can't make Vegas this year, but hope to meet you there next one!
Deletethanks Tim, great video and great lesson, just wanna ask you how do u cover up and add up so fast, am using Interactive Brokers and in order to buy or sell shares it take me about a 15 to 30 seconds sometimes more, is their a technique in the platform u use ?
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