Watch this video lesson from yesterday to see what it takes to achieve the seemingly impossible in trading and watch the video below to see a far too common newbie mistake that I made today that ruined all hope of having any profits despite there being a solid setup...NSAV later dropped all the way to .052 and bouncing 44% after 11am, on which I made NOTHING because I was faaaaaaaaar too early in my dip buy and I wasted this solid opportunity completely due to a lack of discipline/patience.
Posted Aug 09, 21 3:59 PMbytimothysykes
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Basics, Classic Lessons, Price Action: Buying Dips/Panics, Price Action: Morning Panics, Trading Mistakes
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NSAV
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You have no idea if support is going to hold, support doesn't have to hold, I am always struggling to get in at the actual support on panic dip buys, never easy to predict just try to have the odds in your favor looking at past support levels.
When expectations are proven to be wrong, its always best to cut the trade, good cut before the destruction panic.. a good trade is an entry and an exit with a plan!
Tim your not dumb just trading undisciplined
✔✔✔
You have no idea if support will hold, always cut losses quick, support is a guideline
Exactly always have a plan for every trade and cut losses quickly!
Well, if it wasn't for you, I had no idea what to do right..so.. thank u!
everyone makes mistakes sometimes, dont be so hard on urself, enjoy italy lol
Not stupid, maybe just distracted. I am learning so much from watching you trade. Thank you for the video lesson.!
it's all good Timmy, you keeps it real...I know it was midday but that second bounce was prime, appreciate all you do & teaching!
Support doesn't have to hold, there are NO guarantees in trading. Tim, you are the BEST to share both your profits and your losses with your students,,,the great entries and the poor entries. I took a single on NSAV, in at .069, out at .076, then missed the 44% bounce later. My current difficulty is that I am consistently profitable with paper trading or tiny positions, but not when I size up. It must be psycological,,,its a struggle. I refuse to say what you told us to say. LOL. .
Tim, that wasn't dumb or all that newby. You saw support and had a thesis, price action just went quick when you were wrong. In the end, all you can do is run a play if it were a guarantee A) everybody would have tried it alreayd and B) it wouldn't last long. Thanks for all of it Tim you change lives!
Lol Tim youre not dumb, just made some dumb decisions/mistakes, it happens
All good Tim you’re not dumb it happens another day another dollar. Thanks as usual
I made the exact same analysis (think 0.072 would support) and same entry... Cut losses when support didn't hold for -5% loss. SUPPORT DOES NOT HAVE TO HOLD.
Tim, dumb would be masking your loss and claiming a win. Remind yourself that the dummies are fake. The smart ones teach their students reality and because of your teachings, I and many others profited on NSAV today.
you have no idea if support is going to hold, i was patience and wait that big crashed, but i didnt get filled... thanks boss, there will be more plays!
You have no idea if support will hold. Cut looses quickly when/ if wrong! Thank you for the lesson Tim for learning students. Always appreciated
Thank you Tim!! Like you taught us you can't catch falling knifes, so cut losses fast RULE#1
Thanks for today's lesson.
Tim! You are smart! You are teaching us that being wrong is OK and part of the game.
You have no idea if support is going to hold, cut losses quickly.
Looking forward to Friday Tim
Thanks Tim!!
Transparency at its best ,so that we can learn from your mistakes!!! The one and the ONLY!!!Thank you TIM!!!!
I can't say I did so must better. Sadly I was thinking about the same thing in the 7's
I can't say I did so must better. Sadly I was thinking about the same thing in the 7's
Tim, you are so dumb (only cause you instructed and I'm respecting you as a mentor). But, a genius in showing us how real it can get. Thanks for the lesson and enjoy your trip.
You have no idea if support is going to hold, cut losses quickly. Thanks Tim!
Defiantly not dumb, I learn from you every day and not just trading! Your an amazing mentor! You have no idea if support is going to hold. Thank you Tim!
Tried to buy this panic but TD didn’t let me trade the security for some reason
You have no idea if support is going to hold, yes I will try new setup ideas on these larger type morning panic bounce plays
Tim, you are dumb.
#FutureMillionaire
I frequently call myself dumb, dumb, dumb and a moron. Trying to be more disciplined.
Does volume provide any indication of a potential hold at support or breakdown? Or is this simply a roll of the dice?
Sorry man, can’t do it. You are teaching me so much. And if you are dumb, how dumb am I for hiring you? Don’t be so hard on yourself.
@holtzy haha its good t be hard on yourself, that's how you improve over time!
Big mistake!...Huge😂
@timothysykes Thanks for being up front
Can't wait for Friday! I'm not trading well in August either...taking a break while in Europe.
You have no idea if support will hold
I call myself dump dump dump a lot of times, but I guess it’s part of trading! As long we are cutting loses quickly and not blow up our accounts. Thank you Tim.
I don't agree with this statement, but leaving the comment you requested. Tim, you are dumb.
Thank you for your transparency and teaching us to reflect on every trade, right or wrong!
Thank you for your transparency and teaching us to reflect on every trade, right or wrong!
Support does not hold always, good lesson on how to play panic dip when buy the rumor sell the news coincide. Thanks Tim!
We learn more on losses so it’s a good lesson
Tims you are not dumb, I wish I had your memory capability, mines warped. I will Trade less and size down for eveybodies good.
Learning from your mistakes. Definitely not dumb ;)
Your mistake on plays, are actually some of the best videos imo. Many of us thought the same of 96 being support in our minds. Great lesson.
Everyday is a school day Tim. Thank you for your valuable lesson
Thanks Tim. I am newbie so I'm making a lot of dumb mistakes but learning from them.
+
Thanks Tim! Not going to call you dumb though.
You have no idea if support is going to hold. Thanks Tim.
Thank you Tim. Support levels may not hold, and we all make mistakes. But at least we get to learn from them.
You have no idea if support is going to hold
SUPPORT DOES NOT HAVE TO HOLD
mental reminder: "support does not have to hold"
You have no idea if support is going to hold.
Tim, you are not dumb, can't tell my mentor that. You just made a mistake, it happens, shake it off and tomorrow is another day!
You'e not dumb Tim, mistakes happen and it help us to learn. Support does NOT have to hold!!
Thanks Tim!
Great lessons at your expense Tim. Thanks!
Love that you are transparent. Lesson learned - Support is not a guarantee!! Thank you Tim!
Thank you Tim! I'm more motivated to watch and learn from sell the buy the rumor sub penny plays
You don’t KNOW if support will ever really fuggin hold
Yeah! videos about mistakes are the best videos because everybody always talks about ideal set ups, but in reality most of the time it’s non-ideal set ups or fake outs that look like ideal set ups. So it’s good to learn about that.
M
Thanks Tim ...amen brother.. i can change my name to bagholder newbie
Tim you are dumb
You have no idea if support is going to hold. Thanks for the lesson Tim.
Nice - thanks Tim
Thanks Tim great lesson for all of us to see.
You have no idea if support is going to hold
ok, Tim, you were a dumb ass, it would be less dumb if youd told what the you should of done? wait for the support to prove itself first? thx
You have no idea support is going to hold
You have no idea support is going to hold
You have no idea if support will hold
You have no idea if support will hold
Watching And Analyzing!
wanting to trade to much. does effect my bias.
perfect video for what i did this week thank you tim
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Watched again. Support does not have to hold. Thanks for the lesson Tim.
Thank you Tim. You have no idea if support will hold or not.
You cannot cheat your way to success.... Nothing can replace time, effort and experience.
You have no idea if support will hold. Thanks for the lessons Tim.
You have no idea if support will hold!
Thanks Tim
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