It's been an interesting few days for me, hanging out with several of my top trading challenge students in Mexico, now here in Florida with Inner Circle students and along the way I just got a little overwhelmed with trading and this choppy market and decided to sell my RXRX weekend play for small profits just so I wouldn't have to think about it over the weekend...big mistake!
RXRX is gapping up nicely and I need to be better disciplined to capitalize so I made this video for myself as much as I made it for you to learn from. Also MAJOR props to Jack Kellogg who's been on fire lately and now has a massive profit on his patience play on BABA which keeps breaking out too...definitely learn from his aggressive trading HERE (even though I think most traders should still be conservative NOT aggressive right now)
Thank you Tim for the quick lesson on when to hold or fold. I will stick to the plan.
Sticking to the plan!
Sticking to the plan 👌
stick to the plan
Thanks for the lessons Tim! I need to work on having the conviction to get in. I was worried it RXRX was already up too much and would go down. :(
Thanks Tim
I will stick to the plan
Thanks Tim. I'll stick to the plan.
Stick to the PLAN it works
Thanks Tim
I need to stick to my plan. I get faked out a lot, cut and run only to watch ticker go back up
Working on sticking to the plan. Finding it more difficult than I thought it would be.
I am still very green but as you were beating yourself up I thought of the book you recommended, Best Losers Win. I guess we also need to be best losers when we get out too soon. You hit out for a good reason, Tim. You did follow your plan but also appreciate you encouraging us to stay with our plan.
Thank you, working on sticking to the plan.
Thank you Tim
junebug Ty, Jh
I will stick to the plan
I DID NOT stick to the plan, lost $900 today. I got in a) too early, b)tried to force the trade, with c) too much size, and d)no defined risk. Then i sat there deer in the headlights without e) cutting my losses quickly. This was my worst trade ever PRFX. Hit me hard today. I will stick to my plan. I will stick to the plan. I will force myself to have a plan and stick to it. I will not force a trade.
Oh and also, i was up $200 on ACHR, but ignored that one and got into PRFX anyway while not taking profit on ACHR, had i actually done that I would not have even gotten into PRFX. Rule number 1 cut losses quickly, rule #2 have a plan and stick to it, rule number #3 take profits while they are there.
👍Thanks for teaching.
Working on making plans. Will stick with once I figure it out
Thanks Tim!
STICK TO THE PLAN
Thanks Tim. I will STICK TO THE PLAN
Thank you Tim for the lesson, I have a hard time holding and knowing when to fold. I will stick to the plan.
Thanks for rxrx still though a much needed 2.6K. I would advise everyone under the pdt rule who follows the weekend play to save 1 trade for Friday evening. Without it I would’ve been stuck in rgbi and unable to sell rgbi and buy rxrx. A big relief
Thanks Tim!
I appreciate your humility, Tim. Thanks for the reminder. Yes, why have a plan if we don't stick to it.
👍🏽
Plan and then execute. Thx Tim
Stick To The Plan! Thanks Tim!
junebug Stick with the plan! Ty, jh
Stick with the plan. Not all plays are created equal. Let a winning trade continue on. Thanks, Tim!
Thank you for the video lesson Tim. Stick with the plan
Thank you Tim
Watching And Analyzing!
Stick with the plan! Today I was getting chopped out. Learned from being chopped out. took a position and it was a winner. I let it run, big lesson in controlling emotions. Plan comes with emotions but also need to realize when to take profits or cut. Before cutting a winner- think especially with a good entry. Thank you tim!!!!
Stick to the plan
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