Okay, today we're going to be talking about a lot of The Hitting trading hurdles that you may or may not know about. Uh, listen, there's a lot of psychological traps out there. You know we start out at the top. Fear and greed.

Okay, um, a lot of you know I know it's going to be difficult for a lot of you guys, but one of the things I want to really focus on in this video is you're never going to be a robot. Um and I don't think anyone should I think being Ro like like robotic like Spock or whatever. Okay, I don't think Spock would be a very good Trader because at the end of the day if you were trading, you know and that might date me. Hopefully all of you know who Spock is from Star Trek But um, you know if you're only trading on logic like you would never trade you would you would never enter any of these stocks that have created some of the biggest gains ever.

Okay, like think of penny stocks. I mean they 99.999% of penny stocks fail. Okay, so if you were strictly logical in everything you did, if you were a computer, if you are a robot, you would look at that stat and you would say well, 99.99% of these fail. why would I ever buy one of those and you'd be looking at that on day one of the run.

So it's an artificial intelligence stock and it's low flow and it's heavily shorted and it's got crazy volume and it's it's ran in the past. All of these things we look for as a day trade you would you would be strictly logical and you would say well, this thing's going to fail I won't touch it. Meanwhile, that $1 stock and we've seen this in the AI sector goes to like $10 same day. Okay, th% move in a matter of hours now.

two three days later, a week later, it goes all the way back to a buck. But that Spock that robot that that rational thinking human missed a potential th% gain. Now maybe you buy it a buck and you sell it at two. it's 100% gain.

Maybe you sell it three, four, five. But the point is, you have to not be strictly logical. Now the problem is, this is what so many suffer with. is you become the exact opposite.

Okay, this is one of the biggest reasons so many people struggle and fail in day trading. is you remove all logic. Okay, you start believing the hype. You start believing in these penny stocks.

I Mean it's one thing to day trade something. It's a whole Another thing to buy some stock at a dollar, watch it go to five and then stay in it all the way back to a dollar. and then maybe they do a dilution or some bad news comes out and it drops to 50s. So in that scenario you wrote it from one to five, a 500% gain and then you take it all the way to a 50% loss and hopefully you've never done that.

I've seen it okay I've seen people people message me, they're like I'm down on this thing I'm like, well when did you buy it and they're like they they give me the day I'm like how are you down so much on this It went up you know, 500% that day Oh I never sold like okay and then the next day it was red like and the next day was red and the next I'm like you never sold anywhere new. Well I thought it was going to come back I thought there was going to be more news and I'm like, well, number one quit trading these things until you can figure that out and number two have realistic expectations. You're up 100 200, 300, 400% even if you're up 20% Okay, if you're up 20% on something that's running and it starts reversing, look at the 5 minute candles, look at CH Price Action. Look at volume I mean all these things we look at and if you're not exiting, then you need to figure that out and fix that.

But it's only your fault if you're still in after that run. Now that is not logic either. Okay, you go back to the robot. The robot wouldn't do that, The robot would have bought that stock and if the robot did get greedy, it would at least stop out for a small gain or worst case, stop up.

You know, break. Even so. I Think you need to balance the idea of of of recognizing other people's fear and greed other people's Mania and emotion and balance that out with your own logic and reason and not have unrealistic expectations. Not look for home runs, Not break your stop.

losses, not fall into all of these emotional things. I Mean how many of you have gone through that cycle where you get all fired up about this stock? you have absolutely love it, love it, love it, love it. as it's going up and then all of a sudden it reverses and now you hate it. And you hate it.

And you hate it. Well, love and hate has nothing to do with making money in the stock market. What we're looking for is patterns that have repeated in the past setups that have repeated in the past that we can take small and repeatable profits from. And when the trade doesn't work, small losses.

Okay, and that is that disciplined approach to always having a plan. I Think that's one of the biggest things that can remove them. emotion I Tell every single Trader that's struggling with this. you know, emotional roller coaster.

The biggest thing you can do right away is have that plan before you enter and you can believe in the hype. You can recognize the price action, you can recognize the hot sector and all of these things, but before You actually take action, before you enter that trade, you know what you're going to do. So that's kind of. The Crux of this video is I practice and I teach and I recommend a hybrid approach.

Okay, you can be emotional and you there's nothing wrong with being excited about opportunity. We like making money. That's why we're here. You can be emotional, excited, and fired up about that idea before entry.

but once you hit that buy button or that sell button. Okay, listen, a lot of people get twisted up on the short side because they're like it's a trashy penny stock. It's a trashy penny stock. This is junk.

This is junk and that's great. You know, two weeks from now when it fails. But if you get squeezed out on a th% run, it doesn't matter how junky the stock is, so long this applies long or short. you can hate the stock.

You can love the stock. You hate it. You short it, you love it. You buy it.

But before you enter, you know what you're going to do if something happens. Think of conditional statements if then else statements. Okay, if the stock does this. I'm selling Okay I bought it a buck If it goes to a buck 30.

I'm taking profits. if it goes higher, so be it vice versa. I Got 30% risk or 30% reward I'm going to risk 10 cents. To the downside: I'm going to stop out at 90 cents.

So now if you follow the plan, that's that's up to you. If you have a little bit of discipline just a little bit, you now have been able to remove, remove the emotion from the idea and you only act if a criteria is hit. So if it hits your goal, you take profits, hit your stop, you move on if it Trends sideways, you should always have a plan for that. Remember if it is a you know most of you are probably trading these lower pric more speculative stocks.

I would always tell anyone I mean if it just tracks sideways during the day, it's also an exit and now you can sell it 3:59 p.m. if you want. Okay but you know these stocks do crazy things in after hours and pre-market so even if you bought it a buck and it's at 101 or 99, you might say well Tim it didn't hit my goal, didn't hit my stop. Clear it off.

okay, don't overnight volatile stocks I Know it's tempting but don't do it so have a contingency for sideways as well which would always just be exit before the 4M close. Um remember it's um some of them Gap up awesome but most of them gap down and you can't There's no Edge there like your Edge is in riding that momentum. Whether it be to the upside or the downside sideways price action and this is a trap a lot a lot of people fall into. sideways price action is a red flag.

like long or short. because the stock is undecided. You don't want undecided stocks. The reason we trade these huge Runners these volatile stocks is they make explosive moves.

And if the stock isn't making an explosive move, what's the point of being in it? You're just holding and hoping. Okay, and the supply is long or short. You're in this sideway stock and you're hoping some news comes out. You're short it.

You're hoping an offering. That's all it is. Hope, hope, hope. Remember Hope's not a strategy.

The more hope you can remove the more. Just, you know. Irrational. You know emotion the better.

So biggest thing to take away from this guys is understand how to build a trade plan and stick to that plan now. I Gave out a couple hypothetical trade plans. It sounds I Understand It sounds way easier than. it is like picking an area to enter.

Tim How do I know where to enter? Picking an area to stop about, determine your risk and reward based on those two levels. based on the technical analysis based on the chart, sounds way easier. For the semblance of this you know 8 minute video, there's a limit to what I can pack in. Now what I can do is invite you to join the Daily Income Trader system webinars that are 100% free.

They vary from an hour to an hour and a half depending on how busy the day is. Sometimes they're 2 hours long, they're 100% free, and they go on all through the trading day. even on weekends. Um, morning evenings midday 100% live, showing you the chart patterns and writing trade plans and going through setups.

So it's one thing. maybe you maybe don't, Maybe jump on one of the webinars and you don't trade the stock, but you will see one of the hosts actually step through picking these levels and you can learn from that. like I Know everyone wants to make money today. Everyone wants a Lambo Today everyone wants a yacht today.

Everyone wants it today I Understand that. but your number one job as a new Trader is to learn how to trade. Okay, there's no shortcuts that may I mean maybe you're closing this video right now because you want a shortcut. Sorry, there's no shortcuts.

Now if you understand that, it takes some time to learn this and you learn through repetition. Like anything I Don't care if you're learning a language, If you're learning mathematics, how do you learn? how do you learn? Spanish How do you learn algebra? You do problems. You do repetition. That's what we do every single day.

in the Daily Income Traer system. you can check it out, get a tour 100% live. click that link and hope to see you there.