All right today we're going to be talking about seven easy, but powerful stock trading strategies. I mean listen, so many people over complicate things, especially in short-term day trading. I mean what you can recognize the patterns price volume, it's a lot of just repetition. So, let's get into that today, i'm lead training with stocks, trade, tim bowen - let's get right into it, um time and money set aside both before starting okay, something that a lot of people do wrong, and maybe that's why you're here is hey, maybe you're in a Situation where you need money, you're behind you got some credit card bills.

Stacking up. Please don't go into trading! For that reason, and i get it you're like wait. A minute tim, the stock market day trading, it's supposed to be about making money. If i'm behind on the mortgage, hey, i need money.

Okay, listen! My thing is: you need to have something set aside, because this is extremely challenging and competitive, and if you have the extra stress of the debt collector calling or worrying about that stuff, when you're making decisions, you will make terrible decisions. Okay, listen! If again, if, if you behind on a bill or something like that, something i talk about, i mean it's simple stuff. I mean it's like it's like uh who's, the guy he's on he's on uh um, not garyvee, but there's a lot of guys that have the the talk radio shows about debt. Okay, you know, listen, look at your recurring bills.

Sell stuff! You don't need! That was thinking gary v. Have a yard sale? Listen! Maybe you make a couple grand with a yard sale. You pay that mortgage now you got less pressure so set aside some money, so that, if you make mistakes, if you have listen, losing part of trading losing is you're going to lose. Okay, if you've been in trading for a year 15 years, like me or 50 years, losing part of trading and it's easier, never easy, but it's easier to take those losses.

If you've got that buffer. Okay, save some money sell some junk. You know sell that motorcycle. You haven't rode in two years.

Okay, then pay the bills, then put away some money. So you have some uh, uh, less stress. Okay, then. The other thing is time i mean i know like like you can literally buy a stock in three seconds.

You know you click the buy you type in 100 hit submit and you bought the stock. But it's not that easy. Okay, you need to have time to do your research to do your due diligence to get prepared to study. I mean that's what all these videos are here for is to give you the tools you have to trade in advance.

So again, i know it's not glamorous, but when i got started actively in the markets back in 2006 2007, i uh you know listed. I had young kids, i had a business, i had a lot going on. I started getting up at 4 00 a.m. And again i know it's not glamorous, but kids were asleep.

Business wasn't going, you know, wasn't started up yet you know until 8 a.m. When things would start brewing, that'd give me three four hours before the kids got up before business opened to get that done so time and money. You need those two things for sure. Next thing is start small with money and invest more time in learning.

Okay um again it's kind of similar to number one, but people see dollar signs and they want to dive right in and they don't want to spend the time to learn. Uh. You know this channel, i'm so proud of what we do on the channel. I don't hundreds i don't know we might be we're, probably at thousands of videos by now all free on youtube, there's a bunch of other great youtubers.

Okay, our friend and partner tim sykes, has thousands of videos on youtube all free over at the stocks to trade blog. We have tons of resources. The steady trade podcast invest all of that time and, ultimately money. I mean listen, there's a bunch of great great books out there, the stocks to trade advisory uh.

You know you can click that link below it is paid, but it's very inexpensive. You get access to a monthly report, a weekly watch list. I'm live every morning. You get my ebook so in the beginning, invest that money more in resources and learning and then just trade really small, okay, um! I know it's not it's not gon na, you know make you lambo money, but if you're trading 10 shares trading 50 shares trading 100 shares, you can learn the process with less risk.

Remember the bigger size you have, you know 10. 000 shares. You know. 50 cent move wow big money, but that that you know that knife cuts both ways: 10 000 shares 50 dropped to the downside, whoa, that's getting ugly, so invest in your education predominantly and trade.

Small next is focus on penny stocks. Okay, i uh. I mean this is what where i got started: okay, i traded high price stocks uh for most of my adult life, and it was always like how come how come i'm, never making any money. Okay, it's like.

I tried these real stocks that never went anywhere, so it never made any difference to my account. I'd get to the end of the year and if i was up two percent i was like wow and it wasn't that i was taking big losses. It wasn't that i was investing in bad stocks, just they didn't go anywhere. Okay, the great thing about penny stocks.

I've got hook on screen, i mean listen. This thing was incredible: two days ago, you know it gapped up on some hiv news and a deal with gilead run. You know right here. Midday v, wap hold spikes 50 cents a share in the middle of the day, predictable pattern that 2 p.m move.

I talk about all the time. I mean again: 50 cent move with a 2 stock. You can make a big difference if you got 500 shares or a thousand shares of that in your account. You know you got a a big position in general motors.

It's like good luck when that thing moves 10 cents a day and it's a 40 stock, then today that's the great thing about these penny stocks. Is they repeat here we are on friday stock market's getting destroyed with some news in ukraine and russia and hook is up 25 and we got an hour and a half left in the day. It might not be done. Penny stocks, penny stocks, penny stocks.

Now you got to be disciplined, you got to learn everything from the first two plays, but that is how you can really make a difference in your account. Now listen, i know, tesla moves, big nvidia moves. Big apple makes some big moves but build your foundation and build your account and penny stocks. Then, once you've got a bigger account, you can diversify and trade, those nvidias or those teslas that are higher priced, but move big next thing i kind of teased it got ahead of myself afternoon plays, i mean, listen hook on wednesday hooked today i mean hook ran This morning pulled back consolidated at view app and then broke at noon, and you know again, it's only 10 cents, a share higher from that noon move.

But here it is basing at the highs looks like it has a good chance of spiking into the close and again it's completely disconnected from the overall market and what you will see and maybe you've been there. All stocks tend to get very whippy, as we say at the market open. It's really easy. It's really easy to have the right idea, but get stopped out because of the chop at the market.

Open and listen. That is don't use, market orders. Okay, don't use market orders, don't use market orders if you're wondering like hey, why do these even real stocks just do wonky stuff at the market open and then form a trend mid-day late day? It's probably because you guys using market orders. Okay, knock it off all right and then again, you're here to learn but um.

So many people, all these new, robin hooders millions of new traders they're using these market orders, which give terrible fails to the upside and the downside, and they that and listen. I'm not saying it's all robin hooders or all weebles, or nothing wrong with those brokers, but a lot of these people place those orders as soon as the market opens these even even again big cap stocks whip all over the place solidify and then form that trend To the downside, you avoid that stock or they form that trend to the upside. You join that trend so that that's just the reality and it's gotten worse. You know it always.

You know the market. I've been trading 15 years, the market's always been choppy at the market. Open. That's why you hear me talk about the 945 rule last two years, it's gotten exponentially worse! It's like i mean that first, five, ten minutes of the day is so hard to get a read, especially if you're new, if you got experience it's different, but if you're new afternoons afternoons afternoons next is have a plan.

Okay, i'm talking about trading extremely volatile stocks. I'm talking to you about trading penny stocks. Okay, i mean listen. These stocks move for irrational reasons, but they make amazing news.

Literally yesterday we had a 700 runner stock went from 10 to 70 in one day, okay, but you cannot, you will get destroyed if you enter those without a plan and what is a plan? It's simple: all it is i you know i get pushback a lot when i tell people have a plan, i'm not saying you got ta write a book about your trade, okay, what i used to do for years and years when i was getting started. I put, i put it on an index card, i put it in the front, you know the function row of my keyboard so that it was staring at me what my plan was and it would help me enforce discipline and enforce execution and again all the plan Is i'm entering here i'm exiting here if it doesn't work and i'm taking profits here and then, if none of those are triggered? What do i do at the end of the day? Okay, it's not a book. Okay, if i'm buying hooking, let's say i'm taking a high a day break on hook, you know into the afternoon i'm buying it 260.. That's my entry.

My exit is a v-lab fail, i'm stopping out at 240. 241 240.. That's current vlab! If i'm risking 20 cents a share, i want to have roughly 60 cents a share of upside, so my goal is three okay. That gives me my three to one risk to reward entry, stop exit and then i'm just gon na fill out.

Okay, what? If it comes to the end of the day, what am i gon na do if none of those criteria are triggered? So if i, if this thing hits the high of the day, i take it at 262 and now it's the end of the day and it's at 260., i'm down two cents a share. Well, in this situation, this is a low priced biotech and again we got a three-day weekend and you know we're going into the presence day and we got all this situation in russia, ukraine. I ain't holding no biotech over the weekend, so that would be my contingency plan. I take my two cent loss didn't hit.

My goal didn't hit my stop, but i have a contingency for a sideway stock as well, and it's simple doesn't take long. Um next is cut losses quickly and don't get greedy. That goes back to number where's. My notes number five.

The plan does that for you, okay, because to me you know it's one thing to say: cut losses quickly, cut losses quickly, you've heard it a million times. You've heard me say it: you've heard everybody say it if you've got a friend that trades, if you follow somebody else on youtube, they always tell you, especially in penny stocks, cut your losses quickly, that's where that plan comes in, because it is amazing to me how Many people will say: okay, and this is a simple thing. This might be the most powerful point of the seven points i'm gon na make the it's it's one thing to say: cut losses quickly, but if you never set that, if you never write that down and i'm a huge believer in writing things down your goals, your Your commitments, whatever it is, okay, um, oh i'm gon na cut losses quickly. Okay, so i take that 263 hi a day break if hook gets there.

What is what does cut losses quickly mean? Does that mean 262? Does that mean 260? Does that mean 250? Does that mean 240? Does that mean v web? Does that mean red on the day? Does that mean i wait a minute? Does it is it a time thing? Is it a price thing? No, so that's where the plan comes in, because nobody is gon na write down. I'm gon na stop out at a dollar 24. Okay, you're never gon na write that down you're, never gon na have that terrible plan, and i'm telling you you might be like duh tim. It blows me away how people are like.

I will stop out. I will cut losses. Early 240 comes 2. 30 comes 2, 20 comes two hours later comes three hour later come and they're still saying.

Well, i'm gon na cut losses quickly. No you're! Not if you don't write it down, you're, not gon na. Do it last one is take the emotions out of it. Okay, again simple stuff, but man, these are good bullet points.

I wonder who wrote these anyway? I did that being said. Um, the one of the best ways to take emotions out of it is do all the work before you enter the trade okay. That is when you've got a clear mind. That is when there's no emotion in it: okay, because i don't care who you are okay, mark zuckerberg - might be a robot okay, once mark zuckerberg is invested in something there is emotions in there.

Okay. So if you determine everything before you enter, it takes so much more emotion out of it. There's still going to be attachment. It's your money! Okay! You might have worked weeks months years for that money that you're risking on this trade you're still going to be emotionally attached, but you're thinking clearer before you enter that trade and if you can do all these other things, i i've i mentioned specifically entering down those Plans entries and exits you can massively lower the emotion, because now that plan's looking in the face, i was used to say like listen.

If i i, if i with those index cards, if i broke my plan, i would feel like that index card was like literally like laughing at me. It's like it's like listen, you idiot you! You laid all this out in advance and now you're still in this below your stop and then most of the time now again it's a learning process, significant majority of the time i'd be like you're right index card talking to an inanimate object, but but seriously i'd Be like you're right, i'm moving on. I broke my stop and i won't do that next time and by the more you do that you learn you grow and you get better. That's a you know.

A frequent question i get is like tim. How do i stop taking these big losses? Number one? It's all the seven things i talked about and number two you just get tired of it. You you, you get sick of breaking that plan, and that is why that's why people don't like doing this stuff people hate doing it, because, because again back to that emotional thing, you you just. If you just keep breaking a plan breaking a plan, i mean, unless you're a psychopath, you feel like you're, like i'm an idiot.

Why do i keep doing this? But that's why people don't want to do it because they, if they don't do that work they then they blame other stuff. They blame outside forces. Oh, it was the news. Oh, it was russia.

Oh, it was the fed. Oh, i mean i love, seeing you always know, here's a little hint for you, you always know a trader is, is making emotional decisions and is upside down in the trade. If they start trying to blame the fed for everything, oh fed fed, fed fed fed. Oh, it's putin's fault.

No, it's biden's fault. Oh it's! This inflation's fault! No, it's your fault! All right! Everyone! Let me know, drop me. A comment. Was this helpful? You know again it's simple stuff, but if you don't have that good foundation, good luck, advancing behind that beyond that, so you know and uh so anyway drop me a comment check out the stocks to trade, advisory click, the link below i'm live every morning.

8. 30. Eastern we talk about this kind of stuff every day, it's one of the best ways to grease that groove. You know: iron, sharpens, iron repetition and that's what's great about the stocks of trade, advisory click, the link below hope to see you there.