
@ilikebbstock Hello, I'm new to Tim's challenge and have a question please, which DVD would you recommend that contains all the ssetups, i'm tight on money and I can only afford buying one or two DVDs, thank you in advance.

@ilikebbstock Hello, I'm new to Tim's challenge and have a question please, which DVD would you recommend that contains all the ssetups, i'm tight on money and I can only afford buying one or two DVDs, thank you in advance.
It shouldn't be about getting rich at first. It is the game of spotting the right plays and playing it. Play the game; then make the money. Try playing smaller amounts. Go for the win. Can't have a New England Patriots blowout?Its ok, to win with a field goal. Go for consistency, and skill.
Oh trust me, I'm right there. This is just my journey and thoughts. Thank you.

How do I get past my loss and losses How do I get past the stress of getting in the right trade I am learning to exit quickly but now it doesn't matter bc I don't have money to be wasting on losing. What will blow your mind is when you exit quickly and the damn thing swings up. I have to wait for trend but how do I get past wanting to get in before I miss the trade I can recognize the patterns but I get hung up on looking for exact bottom and top to maximize my profits which costs me bc then I get too scared to get into a trade for fear it has topped out I feel like I have to scalp and clearly I suck at entry and exit bc again, I am trying to maximize profits I can fucking paper trade all day from momentum and make $2k in a couple of minutes but where is my disconnect to my money. MY MONEY. This is where DD is pertinent. Due diligence. You must study the chart history to look for key levels of support and resistance. I am so disillusioned with trading bc I can't find my niche. I can pick a stock here and there besides the ones that the leaders pick but it doesn't do me any good bc I have no faith in my abilities. What is this damn niche everyone says to find? Right now my niche is losing money. The only way to find your niche is to try everything. Yes you develop skill and technique but you have to try everything to figure out what you're good at. It's one thing to know how to enter and exit a trade. That's not trading. Trading is all encompassing. It involves everything from finding the ticker to reading charts to understanding all the factors that effect the trading. You have to understand how Level 2 works and that sizing effects Level 2. Even depending on what broker you use if you will get a fill. Oh yea, you can't just fill whenever however. There's a whole different game there with MM's or market makers. Oh and don't forget all the lingo traders use. I run from the posts and losses afraid to look at them even though everyday they stare at me in the face bc the size of my accounts. (probably the size of less than one account when combined). Take accountability. Not to show you how bad you are. It's to show you what not to do next time AND, help you find your niche. And this doesn't even include all the damn internet and computer problems because it can't handle the fast pace and I'm in a country that is third world when it comes to basic plumbing. You can't play when it comes to having the right tools of the trade. I swear it feels like the market makers see me coming and are like here he comes quick make it tank so we can get his money. Am I the only one that feels this way? This is where finding the right brokers helps in this situation. And learning how to use Level 2 looking for fills. Being patient is key, but don't break your rules looking for fills and chase. So what have I learned in 6 months. I've learned that the only way you pick the top and bottom is........you can't. Yes I've heard about the "meat of the move". Easier said than done. I've learned that you have to do your DD on every stock you trade but how do you do that on the fly? How do you pick the resistance and support and how far do you go back for these levels bc I guarantee it'll make a liar out of you. I've learned that the only way you can see patterns and trends is to sit there day in and day out watching the movers and seeing the level 2 with it. But what about the other stuff such as RSI and VWAP? I learn about all these things and have an "AHA!" moment, and then I get knocked on my ass making me feel like I don't know shit. I've learned that the best way to learn trading is to start with OTC's, for me. This is because typically action is slow enough on level 2 without making you too nervous when the price jumps around. I've learned a stock is a vehicle. Get in, get out. But that's not easy when it's an OTC and is moving slowly. I've learned to have patience. Having patience watching a stock that will pop a little knowing you should've sold into that pop but thinking that can't be all it has. You just missed your opportunity to exit and turn a dime. I've learned that the 5 minute chart is really good for seeing solid patterns for confirmation. What happens that I don't do that in all the chaos, I don't know. Hindsight is truly 20/20. I've learned that listening to music helps me calm down during trading. I go crazy when it's quiet but definitely can't have anything more that requires attention for fear I'll screw up the trade. Is this a bitch session, perhaps. But everything is learning. Learning is everything. More importantly it's about a process for me. It's about talking through my experiences in trading. Everything I say here is just my thoughts and perceptions. The questions are rhetorical. Never ever follow anyone's signal to enter or exit a trade. If you look for someone to tell you when to enter or exit, you'll lose every single time. So you'll say I'll get into a chat room or follow someone on Twitter. Now what. I'll exit when they tell me. What you're missing is you were suppose to pick the entry and exit that YOU are comfortable with and that YOU learn from. It's all a journey. How do you not have emotion when doing this. I am a passionate person and being heartless is not in my blood. So how do I block that out so that I let the trade work for me. I am a professional bag holder and donate to the professionals everyday. But I do so in the best manner possible. Cursing and screaming. Yes I watched the videos and I was told before do this and don't do that. If you can follow every rule to a T, congratulations. But I'm willing to bet you'll break all the rules. We've all done it. Greed will get the better of you. I put way too much thought into trading I think. Maybe shorting is the way to go but I feel like my luck will cost me money. I said luck. Never trade on luck or hope. I play these little games in my head and say I enter at this price, sure enough I would've made money. So why is it that the ones I enter, don't have the same effect. Could it be that this isn't for me? I have been doing some thinking in the writing of this and I found that I did very well in OTC land. So what if OTC isn't popping. What if low float isn't popping. What if not much momentum stocks moving. Why do we document? I feel part of the reason is not just accountability so we don't make same mistakes over and over but also help us find our niche. To be able to move through. Trading is a growing process

I wake up to see that I left about $2500 on the table from a trade last night/today. I need to find a way to overcome the fear of losing and let it work out. Even when I take smaller positions, I leave a lot. I don't want to go for gold and lose because that has happened as well. I do need to trust myself.

I find myself leaving a ton of money on the table for fear of losing. Have to find a way to correct this. @Jonk87

I wish OptionsHouse had a direct upload to verify trade. Gets confusing trying to enter by hand if you get behind. This was an awesome week and I will post a verified Etrade trade tomorrow.
Im not part of his program so I dont know
Textbook trading
There's a ton of free information out there. Save that money. YouTube has a ton of stuff and there are good traders out there that don't charge for information.
Join now or log in to leave a comment