The first step in understanding trading is knowing that the market is working against you. Can you make the right decisions, stick to the plan and control your emotions in discipline?
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✅ Recommended video: https://youtu.be/F4KD0g919a4
✅ Recommended playlists:
Stock Trading 101: A Day Trader's Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES
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In the stock market, news events are happening all the time. Sometimes, things just don’t go the way you hoped. You could plan, do your research and set yourself up for success but the stock can do the opposite of what you expected. When this happens you must cut your losses quickly. If you overstay after the trend changes, it could initiate an emotional response. Stick to your plan and exit as quickly as possible when the trade idea is busted.
If you do take a loss and exit the trade, try to detach. The beauty of trading is the freedom. There's nobody forcing you to sit at the computer, to get even further frustrated and maybe even lose money. Go for a walk, work out, read a book or go for a drive. You can walk away. The boss isn't forcing you to sit there at that desk and trade.
The market will always be there, but you control your actions. One of the bigger mistakes traders make is focusing on the previous trade. Try to focus on the bigger picture, your future trades. Have the mentality that you’re in it for the long haul.
Remember, trading is not a get rich quick scheme. That's not what we're talking about here at StocksToTrade. We're trying to give you the tools and the skills to build something that can service your lifestyle and your future goals. Don't lose sight of that. Focus on grinding, show up everyday, check every box and follow those trade plans.. It's not about today. It's about next year and down the road.
#StocksToTrade #StockMarket #Emotions
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/ucW292Htiz0
✅ Links we mention and recommend:
Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/
Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist
Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/F4KD0g919a4
✅ Recommended playlists:
Stock Trading 101: A Day Trader's Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
In the stock market, news events are happening all the time. Sometimes, things just don’t go the way you hoped. You could plan, do your research and set yourself up for success but the stock can do the opposite of what you expected. When this happens you must cut your losses quickly. If you overstay after the trend changes, it could initiate an emotional response. Stick to your plan and exit as quickly as possible when the trade idea is busted.
If you do take a loss and exit the trade, try to detach. The beauty of trading is the freedom. There's nobody forcing you to sit at the computer, to get even further frustrated and maybe even lose money. Go for a walk, work out, read a book or go for a drive. You can walk away. The boss isn't forcing you to sit there at that desk and trade.
The market will always be there, but you control your actions. One of the bigger mistakes traders make is focusing on the previous trade. Try to focus on the bigger picture, your future trades. Have the mentality that you’re in it for the long haul.
Remember, trading is not a get rich quick scheme. That's not what we're talking about here at StocksToTrade. We're trying to give you the tools and the skills to build something that can service your lifestyle and your future goals. Don't lose sight of that. Focus on grinding, show up everyday, check every box and follow those trade plans.. It's not about today. It's about next year and down the road.
#StocksToTrade #StockMarket #Emotions
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
😮thank you
I agree. I believe you are right. I have not thrown my phone or laptop yet
Amazing advice focus on the long run thank you for sharing your knowledge
Okay
Typically I just keep punching buttons until I'm all in and flushes! Revenge trading. Blew up another account Friday. I need to watch this every morning.
Thanks Tim always enjoy your enthusiasm and appreciate when you share !
Henry Rollins younger day-trading brother,lol
Oh,and great advise,thanks! I stopped out of a trade early just to watch it double 45 min later. 🤬
Thats why I came here. 👍
His tips sound so easy but it’s a lot harder than you think
Got to admit there was a time or two I didn't stick to my trading plan. Why cut losses when you could add to your position
Tim, you’re awesome…. every thing you say is 1000% spot in. Keep up the awesome work!
"Trading is about controlling yourself, not the market"
This is the wallpaper on my phone, can't read it enough!
Have you ever lost control of your emotions and broke your computer or thrown your notepad? Comment below. Have you ever lost control of your emotions when in a trade?
Are there any chats or discord that could help with make a trading plan?
Thanks tim I control my emotions..but I dont understand why paper trade I do IT so god..and when I go for real money IT is not the same..
Thanks for this video!)
So right Tim…it's the battle against Yourself!
Love your short episodes it's like constantly feeding yourself good nutritionbit pays off in results.