Stock Market Trading [NO DAYS OFF] | Great Lessons From The Last Two Days Of Trading
January 21, 2018
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10:01Now PlayingStock Market Trading [NO DAYS OFF] | Great Lessons From The Last Two Days Of Trading
YouTube Description
as posted by the channelThe last two days I taught a dozen students inperson, apply at to join the next one. I LOVE teaching this way because it helps students focus on good habits like patience. Please congratulate my student "Huddie" here on Profit.ly who made $5,000 in two days and more importantly stuck to his watchlist and plans to a T and was rewarded for his solid discipline. This is now his third year, and he REALLY gets it, he traded the two stocks he profited on better than I did so I love it when the student becomes the teacher!
It is the weekend.
I'm not feeling so great but there are no days off, and I want you to use the weekend to study, to reflect on your recent trades, to reflect on current patterns.
It doesn't matter if you're sick or not. The stock market is open every single weekday, and every single weekend, you still have the opportunity to learn from your successes and mistakes.
The past two days, I've been teaching market mastery, teaching a few students in person.
This is why I'm sick because my schedule is crazy.
Teaching makes my schedule even crazier.
But it helps students to learn in person and hands-on.
I'll include a link where you can apply to the next class.
So be sure to apply, and if you want to learn in person, we do it in Miami, New York, sometimes LA.
We're going to do one in Europe this summer.
I'm going to try to do it everywhere because it helps you guys just to fine tune the process.
It helps you understand which patterns are best.
I took a little video. I posted it on Facebook. Check it out for a sec.
How do I do this? I made roughly three grand today in front of students. How did you guys do today?
Huddy held it all day, and he was rewarded.
I merely waited for a little better catalyst, where there was a clear breakout because I know that I'm impatient.
You have to know your faults. It's not about being perfect all the time.
It's okay if you're impatient. It's okay if you're patient.
You just have to utilize what you've got and recognize what you've got and understand what you don't have.
If I was in POTN all day, I guarantee you that I would have been freaked out, at some point, and either made a half a penny or lost a half a penny.
But I would be out of the trade because it just wasn't doing anything.
And Huddy has the patience. He was fine.
I think he sold half his position, and then I believe he rebought.
And then the next day, POTN, when it opened at 37 or 38, it got back down to 30, and he re-bought the dip, and he sold it a little too soon around 34, and it went all the way back to 40.
There was another student at my class that made a fat finger trade where he meant to exit the position and instead he doubled up and then he froze.
And I only found out about it two hours later, and he didn't want to sell because he was down like 500 and it was an unnecessary 500, but we all make fat finger mistakes.
We all sometimes click the wrong number.
We're pecking at these little digits, these tiny keyboards on our phones and laptops.
Mistakes are bound to happen, but you cannot let a small mistake turn into a potential big disaster.
You will be amazed at what you can do once you get comfortable.
And you cannot get comfortable in the beginning because this stuff is weird.
We're trading weird stocks. The rules are funny.
They're very counterintuitive.
But the more that you practice, year two, year three, year four, year five, it becomes a lot easier.
And right now, we are in a hot market.
So a lot of you guys think that you need all these amazing plays to grow your account.
You need experience. You need the practice to build your accounts.
The money that you make in month one, month three, month six, year one of your journey is irrelevant.
But when every good play happens, you have the opportunity to practice.
I love teaching, and I love teaching you guys in person.
Click the link just below this video if you want to learn in person.
We'll get you into one or maybe even more of these little sessions.
We only take a dozen people each time.
If you understand the lessons in this video, leave a comment saying no days off.
I don't care if you're sick, you can still study. You can still learn. You can still reflect.
You don't necessarily have to make your video like this but just say no days off in the comments below, and I hope you have a good weekend.
Let's prepare and get mentally prepared for next week.
Lots of plays, I'll send a watch list later this weekend.
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