Date: 01/12/2018
All credit goes to Tim Sykes
Link: https://www.youtube.com/watch?v=gGmFWuq8cf4
-$500, $1,000, $2,000 a day keeps the real job away. These days, you can do even better if you have a large account. There’s a ton of plays. The stocks are more volatile. The opportunities are there. He’s making $3,000 a day.
-Yesterday, Roland Wolf made $50,000 in a day. However, all you need to do is to take singles.
-Study, adapt, modulate
-Using stockstotrade to see what’s red and green. A lot more crypto/block losers today - not exactly the best day for the sector.
-It is not about being first, or guessing the news before hand. The important thing is to see what’s moving and recognizing what can move for several days or weeks.
-Don’t need to be checking the news every second. Study the past. Look at volatility. And you can catch these things going short later on as well.
-Mark Croock - had a few thousand dollars to his name years ago. Now he makes $2,000 in a day - says its not huge but i’ll take it every day. Has come a long way. Now that is a single for him.
-On the backside of supernovas, you can catch the dump if you find shares to short.
-The process in the beginning is important - this helps you year 5, 6, 7, etc. The beginning is tough and it can be discouraging, but you make mistakes when you’re small. It doesn’t matter if your account is small!
-A few hundred dollars of losses won’t matter in the end of your life. The lessons are important. Don’t be discouraged.
-There’s a lot of bad ways to make money. And it can do more harm in the long run. Try to make money the RIGHT way with the right habits.
-Practice good habits. Think about the long run - and not just making money. Find the hottest stocks and trade them well. Look for the right patterns.
-Learn how to take the meat of the move.
-Health is wealth
-Look at the big percentage winners every single day. And look for the breakouts. U shaped breakouts over the day's highs. It can be tough to buy the first breakout. You can have a second intraday breakout as well.
My takeaway - you need to think about the long run. Making or losing money doesn't matter at all in the beginning. You need to develop a repeatable framework. Think about the long run.
nice as always
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