This is the first of SEVERAL video lesson on my giant Friday loss due to poor risk management, lack of being meticulous and not looking at STT Breaking News to see the offering news and betting FAR too big while trying to dig myself out of the hole I had dug myself into...please learn from this and don't repeat these bone-headed mistakes!
Posted May 29, 23 5:04 PMbytimothysykes
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Tom, you need to be more disciplined, as do I. I am stretching the rules and blowing up my account. We can do this.
Thank you! This is how we learn!
Thanks for the video! Be more disciplined! I'm working on that too
Be more disciplined Tim. Same for me. I have had a fat finger mistake on a set up that I am not familiar with and lost 4K. This month wasn't my best month either and I really need to recalibrate my trading process. Going to meet Roland this month at his SF workshop, looking for some inspiration. Thanks for your transparency and reiterating the important of simple rules.
Thanks for the video, Tim.
Do not add to losers! Do not be lazy!! Do not trade size in premarket!!! Be prepared!!!! Trade Scared!!!!! Be more discipline!!!!!! No sushi for a month!!!!!!!@tim
DAMNIT TIM! BE MORE PATIENT! HAVE DISCIPLINE! Jesus Christ already!!! ......hope that helps. thx for the video.
Be more disciplined, Tim. We'll keep learning. Thanks for sharing.
Mahalo, Tim. Be more disciplined.
Thanks Tim, be more disciplined.
Be more disciplined! that is exactly what I need. Thank you for the video.
Def needed to follow your plan to rest and catch up on sleep. That was the whole reason you rescheduled the webby, and you actively traded 3xs. Good lesson to stick to our plan. You’re still GOAT!
I definitely agree with you some of the worst trades occurs when with multiple mistakes in a trade. Lucky you got out while you had a chance. I always follow your cardinal rule....cut losses quickly. But you are still the best at this.
Be more disciplined
Hey Tim, transparency is cool, learning from your errors and teaching others how to avoid these fallacies with your head held high is a gift. This is why you are the teacher! So, without being hard on yourself and maybe adding a few burpees...step back, evaluate, and be more disciplined.
Come on Tim, be more disciplined.
I’ll do my homework. Tim move on learn from your mistakes and conquer the next! Come on tim be more disciplined !!
Tim, be more disciplined. Thanks for the great video!
Be more disciplined, Tim! My niece texted me about EFTR during pre-market and I warned her about it having an ATM and shelf and not to swing it if she got in...2 minutes later they hit the offering.
Be more disciplined! New student here. Thank you for the videos
Come on Tim be more disciplined, you need structure give me 200 burpees and like it
come on Tim be more disciplined .
Thanks Tim. unfortunate !!!!
Come on Tim… be more disciplined
Happens to the best of us.
Thanks Tim!!
be more disciplined, god bless tim, shit happens, you are still very green still !
come on Tim, BE MORE DISIPLINE!!!!!!!!!!!
Ouch! Very good lessons to learn from!
Come on Tim, be more disciplined!!!! Nice videos, thanks for sharing your journey.
Thanks for the videos Tim, eerily similar in nature to my biggest loss as well. Discipline is key for sure, glad you followed Rule #1 and cut your losses quickly, could have been much much worse :(
@timothysykes Biotechs are usually most of the time GAP & CRAPS. Better to avoid them at all costs both going long and short, because they are so unpredictable. Always avoid biotechs
Tim, stay discipline my friend!!
Thanks very much for your transparency Tim-sensei! Awesome self analysis!
Solid lessons!
Be more disciplined. My fat finger big loss this year messed me up for over a week but like you said it isn't something you make up in one trade you do it little by little and just take good plays when they come. By staying disciplined I made it all back up!
Come on Tim, be more disciplined. 8000 burpees, great video lesson!
Thank you for the transparency Tim. I really appreciate your honesty.
Thanks for the lessons!
Thanks, Tim. I lost $200. on EFTR. I trade small, so for me this was one of my largest losses. Offering, Ugg.
Well...you said not to compliment you on your transparency, but I just did it. I had not finished the video - and yes, the world is lacking in transparency.
Be more disciplined
expect the worst ,if your wrong do not double down .cutting losses intelligently can sometimes be the dumbest thing to do. hope you catch the next big runner .thanks for sharing .
Wow Tim! An excellent lesson and reminder
Thanks Tim. So sketchy of them to put out a positive PR then do an offering in Pre. Could've happened to anyone.
Be more disciplined
Great to know even the most experienced traders can make mistakes. Newbie here and this was very helpful and appreciate your honesty & transparency. Need to be disciplined at all times and cut your losses.
Won't try to dig out.
Cut losses quickly!!!!!
Thank you for lessons when thoroughly wrong
Thanks Tim.
Thanks Tim. Will be expecting you to be more disciplined!
Thank you for the discipline lesson Tim!
Come on Tim, be more disciplined. Cut losses quickly. Do not revenge trade. Do not add to losers/ average down. Risk management is key. Thank you for the video lesson and holding yourself accountable
Great lesson. Only buy convincing breakouts, pay attention to every STT Breaking News update, cut losses as soon as a trade is not going according to plan...don't try dig yourself out. I appreciate the transparency and agree it's a shame that it's such a rare thing. Do better next time Tim!
Thanks Tim! I made a blunder mistake sometime Sep 2022 and lost 460 on my 2k account so I ran 3 miles shouting grunting cut losses quickly and then I wrote 460 times cut losses quickly. Sometime we will learn in the hard way.Cheers!
@Ladycanner EVERYONE makes these kinds of mistakes, most in this industry just pretend otherwise, it's pathetic
Was this mistake due to you being exhausted? In a previous video of how much you are involved with lately.
thank you tim, i am learning so much from you and all the resources you have available !
i need to do burpees, too
Come on Tim be more disciplined, don't add into losers, trade PM, if make a fat finger mistake don't try to dig yourself out, and be patient, only trade the best setups
Preparation is Key!! Avoid Adding to a Losing Position! Focus on Gimme Setups! Pay Attention to Your Position Size! Learn From Your Mistakes and Never Ignore Them!! Trade Conservatively! Trade Small! Pay Attention to Your Risk/ Reward!
Be More Disciplined! Practice Not Trading and just Watch the Market! Only Come out of Retirement when the Setup is Truly Ideal! Recognize Revenge Trades and Learn How to Avoid Them! Hold Yourself Accountable! BE Transparent!!! Thanks Tim!
Come on Tim, be more disciplined!
Joseph Eichenbaum: honest, very useful
Come on Tim be more discipline. Give us 2700 burpees. Thanks for the lesson Tim.
c'mon Tim be more disciplined. Thanks Tim.
Come on Tim, be more disciplined.
Be disciplined
Alright Tim, get yourself together.
C'mon, Timothy - be more disciplined!
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Come on Tim, be more disciplined
Be more disciplined Tim. Great lesson. Thanks!
c'mon tim be more disciplined
Come on Tim, be more disciplined!
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