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Youāve probably heard of Roland Wolf ā¦ If you havenāt, heās one of Tim Sykesā top trading challenge students and a great trader! So, how did he come this far and what was his learning and trading process? Donāt miss his secretsā¦
š“ Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/hOqFuaNCeH4
ā 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
ā Recommended video: https://youtu.be/OB2FLg8_hng
ā 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
ā Follow StocksToTrade on social media:
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Like a lot of Tim Sykesā students, Rolandās original plan was to sign up for the Trading Challenge and copy Timās trades. He figured he could pad his account while studying. But as Tim preaches all the time, thatās NOT how to use trade alerts. His alerts are meant for educational purposes only. Theyāre tools to help you see and learn his methods and process.
Copying someoneās trades can be a fast gateway to multiple losses. And thatās exactly what happened to Roland. Obviously, with no plan and no clue what he was doing, it was a rude awakening. At one point, he had to step back and ask himself, āWhat am I doing wrong?ā
Especially as a newbie, youāll make every mistake ā and probably multiple times. Every trader loses, but you can learn to keep those losses small. How?
Sykesā number-one rule: Cut losses quickly.
If a trade goes against you, get out! Some traders get stuck in the gambling mindset. They donāt know how to cut, or worse, they add to their losses. If you donāt have a lot of capital, that can be detrimental to your trading account. And itās not easy to get over.
If you canāt manually control your position and get out, take it out of your hands ā¦ set a stop. That can help you build better habits. But eventually, you gotta take those training wheels off. Until then, build your discipline and patience. It feels good to stick to a plan, so stick to your stop.
The beauty of this is that it can work both ways. Traders can take gains too quickly only to see the stock continue to grind higher all day and gap up the next day. You can come back in the afternoon and it might be above your goal. If it closes at the high of the day, you can gap it overnight.
But if you hit your goal, thatās fine too. You can be at peace knowing that. It's all a process. Cut your losses. Set stops. Remember, youāll make mistakes and thatās okay. No trader has a perfect record. Remember that it's a journey. And if you really want it, you gotta stick around.
#StocksToTrade #StockMarket #TradingChallenge
*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.
š“ Try StocksToTrade for $7: https://bit.ly/2rWu0Vx
Youāve probably heard of Roland Wolf ā¦ If you havenāt, heās one of Tim Sykesā top trading challenge students and a great trader! So, how did he come this far and what was his learning and trading process? Donāt miss his secretsā¦
š“ Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/hOqFuaNCeH4
ā 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
ā Recommended video: https://youtu.be/OB2FLg8_hng
ā 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
ā Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
Like a lot of Tim Sykesā students, Rolandās original plan was to sign up for the Trading Challenge and copy Timās trades. He figured he could pad his account while studying. But as Tim preaches all the time, thatās NOT how to use trade alerts. His alerts are meant for educational purposes only. Theyāre tools to help you see and learn his methods and process.
Copying someoneās trades can be a fast gateway to multiple losses. And thatās exactly what happened to Roland. Obviously, with no plan and no clue what he was doing, it was a rude awakening. At one point, he had to step back and ask himself, āWhat am I doing wrong?ā
Especially as a newbie, youāll make every mistake ā and probably multiple times. Every trader loses, but you can learn to keep those losses small. How?
Sykesā number-one rule: Cut losses quickly.
If a trade goes against you, get out! Some traders get stuck in the gambling mindset. They donāt know how to cut, or worse, they add to their losses. If you donāt have a lot of capital, that can be detrimental to your trading account. And itās not easy to get over.
If you canāt manually control your position and get out, take it out of your hands ā¦ set a stop. That can help you build better habits. But eventually, you gotta take those training wheels off. Until then, build your discipline and patience. It feels good to stick to a plan, so stick to your stop.
The beauty of this is that it can work both ways. Traders can take gains too quickly only to see the stock continue to grind higher all day and gap up the next day. You can come back in the afternoon and it might be above your goal. If it closes at the high of the day, you can gap it overnight.
But if you hit your goal, thatās fine too. You can be at peace knowing that. It's all a process. Cut your losses. Set stops. Remember, youāll make mistakes and thatās okay. No trader has a perfect record. Remember that it's a journey. And if you really want it, you gotta stick around.
#StocksToTrade #StockMarket #TradingChallenge
*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.
Tim….I wish you would let him talk!!! You cut him off so many times.
Sage advice!
Thanks!
That is my biggest issue I do not fucking cut loss quickly..I have to learn that shit!
Whatās the difference between the stop loss that Tim Sykes talks about when youāre dip buying vs the stop loss you guys are talking about here with Roland? Mental stop loss or hard stop loss etc.
What is wrong with 1min charts?
Roland Rocks!! Please more with this traderšš
Thanks Tim more from Roland ! Love that guy and his perspective!!
my new thing is i find entry on 1min chart then i auto switch to 5min chart so i dont get shook on some random dip or rip that doesnt mean jack
i came here to listen "Secrets from a Top Trading Challenge Student" not screts from Tim
I know that multiple charts should be looked at but what would be the ideal time frame to look at a trade once you are in it?
I need more info on the Minute chart
Thank you guys!
Great video
Hi Tim thx for the Oracle video yesterday, I didnāt get chance to finish watching the reply I had to work but I cannot seem to continue watching the video is the link removed. Thx
Question? When your day trading, do you prefer using the 1 minute chart or 5 minute chart? Does it matter? I have heard from previous videos to use either one.
Roland where you been?!?!? Good to see you back in some interviews!!! Thank you guys for the videosšš
Whatās the best for day trading, one minute or 5 minutes chart?
Where put offset when selling on the ask? Above the ask or below? Thanks š
After doing your research, what time frame do you usually trade on/ watch the stock throughout the day?
I always like listening to Roland's stuff a little more than anyone else. He has always made so much sense to me. Love his DVD guide. Hoping to join his chat service soon
Upload the full vid with Roland pls.
Roland Wolf the werewolf himself.
Good to see Roland back one of my favourite traders.
Capital preservation most important agree wholeheartedly!
Great interviews keep em coming your doing a great job Tim! š
š„
Great video! So true about the 1 min chart. I use 5 min & have other charts open to see different time frames. The 1 minute to me is just noise
Awesome
Iām not hating on ya Tim, but can you please let the guests finish their point before you cut them offš¤¦š½āāļøš
šššššš„
Great video. Thanks Tim for bring us the Wolf…..
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