How These Top Students Creates Their Watchlist
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- Опубліковано 15 чер 2024
- One of the most important parts of trading is preparation. Learn how to create a watchlist with two of my top students. Without a plan, you risk making careless mistakes ... Learn to be meticulous!
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FULL DESCRIPTION
One of the most important parts of trading is preparation … preparing a watchlist and preparing to make trades. If you don't have a plan, you risk making mistakes and losing money.
How you prepare for the trading day depends on what your strategies are. For Michael Goode, the most important time of day is in the pre-market hours. Roland prefers to prepare as soon as the market closes.
Your preparation depends on what kind of trades you’ll make. For some strategies, you can't plan it all before the market opens. But you should certainly plan it BEFORE you make the trade. And it’ll be different depending on what strategy you're using.
So how do you prepare a watchlist? First, look for stocks that spark your interest. Look at the prior day and night. Go through the charts for what’s moving. Run scans. Compile a list of tickers that you’d like to trade.
Find your risk/reward. Find your levels and chart them. Check out the support and resistance. Decide where to enter, and if it goes against you, where you can cover. Read through the news. Try to figure out why a stock is behaving a certain way.
And also check out the float. If you want to buy a stock, you want to buy a stock with a low float. Take a look at the SEC filings to make sure there are no outstanding registration statements where they have convertible warrants or some extra shares.
Don’t be fooled by delusion.
Write down your plan. It can make all the difference! Then set up what you actually plan to do in that trade.
How do you create your watchlists? How often do you need to edit and revise your plan? Leave a comment below and let me know ...
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
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----------------------------------------------------------------------------------------------------------------* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: www.timothysykes.com/terms-of...
How do you create your watchlist?
Thanks Tim.. new student here. Busy with your 2 free books and watching old webinars. I will start trading in a year or two.
I have several watchlists. Different sectors and float sizes to watch for news, patterns and RVOL. I enter on flag or ABCD breakouts. I especially like the the breakouts of those on multiple time frames. I've been consistent with that since beginning of February so I'm pretty excited. End of the fiscal year we're changing contractors. So, I'm going to take a chunk of my retirement money to fund my account better than what it is now so I can size up and join profitly. I was going to switch to another night shift job so I could do it earlier, but I can't find a job that shift that makes the same money I do now. So, the waiting game it is. Just a few more months. Still trading and studying til then just with small size. More time to dial it in that can't hurt.
nice! take time to build your knowledge foundation!
patience is key and small gains add up! keep up the good work, man!
This video was extremely insightful. Any way you can do a video similar to this with Tim Grittani?
Thanks Michael, Rolland & Tim… I will always prepare before trading… Gary
Preparation is key!!!! Gotta keep working at this!!! I will get better in time!!! Thanks guys
Absolutely!!
Thank you Tim, Micheal, and Roland for Sharing valuable information!
Watched this video 3/21/21 - interesting concept that some longs have a looser approach to the next day’s watchlist than some shorts - I guess you learn something new every day
That was great. Lots of super useful info there. Thanks!
That was amazing advice and will have to take more notes from them. Thank you folks.
AWESOME video Tim!!!! Thanks so much for sharing this!!!! GOLD!!!!
I'm so glad I watched this. Hearing Roland talk about the issues with being long biased and having a plan is frustrating. I thought I was crazy because everyone always says plan your trades and trade your plan, but most of the time when I make a plan, the stock completely changes before the market even opens based on news or volatility and I'm left trying to basically just look up the biggest percent gainers for the day and figure out key support/resistance to trade off, sometimes withing minutes of making the plan. I feel like making a plan in advance for going long is way harder than going short.
Thank you Guys for sharing!!!
You bet!
Thanks Michael and Roland for sharing your thoughts. :)
Great video tim!!
very good video Tim!
Lot of great info in this video!
looking for steven dux dvd or tim sykes dvd? email me for more info hotlinexz@gmail. com ?
Thanks Tim. That was really good.
Glad you enjoyed it!
This was super helpful! Thank you.
Glad it was helpful!
Roland, you are such an inspiration. I love your spirit!!
he's awesome, learn from him!
@@TimothySykesTrader I signed up for MMP, currently watching DVDs and paper trading. Thank you for sharing your strategies. You have no idea how you are impacting people's life. I am now very hopeful about my future as long as I stay focused.
This is really smart for us beginners Tim thanks
you're welcome :)
Excellent video I am long biased at the moment so for me pre market is when I look at everything I live in New York so I don’t have to wake up at 4am lol , I use to have the same issues doing it a night before like Roland said and I never traded anything on my watchlist which was discouraging, I still need to be more tactical and more disciplined and trade only the very best setups
I’m still trying to gather all the information to be ready to start. I can’t wait to be prepared and join your work community.
This is great information. Thankyou
Glad it was helpful!
Two losses in a row i know its a journey but it sucks. Not giving up thankyou an I will analyze an study more.
Thanks, Tim!
You bet!
thank you
$FRAN for example. Great video!
This is gold
Thank you Tim,
I am a beginner Tim but i have not started trading yet on real account but i have been following your mentoring videos which are so radical and would like to be part of your students how do i go about that thank you...?
solid to see again. Back to the books...
Saludos Tim 👌
I look at the stocks up 8% with over 1m volume that are under $20 and have financial investments, positive studies or good earnings! then I play them if they break the first days highs on open within the first hour :)
thats what i have been doing when i trade forex i check during the premarkets for a good low risk trade devolping with a good risk/ratio and I keep those currency pairs on hold and stalk it till usally when either london opens or new york session cause thats when usally the trades r already developed for a good entry with good risk/ratio thats how i started to view my trades have it prepared before market is active
Great video! Just joined profit.ly long term invester here, trying day trading and seeing how it goes and learning
awesome!
Nice video as usual. Long trader here, and maybe I'm missing out by not doing an aftermarket scan list. I find that the amount of effort required for after market work versus the amount of effort required for pre market is exactly the same so it comes out to working twice as hard for what mostly happens in the morning. I actually stopped scanning after market, and "for me" it actually works out better. Maybe you could make a video on aftermarket scanning? I might be missing something. Keep up the good work! 👍
good idea! keep it up!
Fucking love this video! Thanks a million Tim
Super
solid
I DO MY WATCHLIST AT THE END OF DAY FOR SWING TRADES...THEN IN THE MORNING I DO A PREMARKET WATCHLIST FOR DAYTRADES...FOR STOCKS MOVING...IM UP @ 3AM ALSO TO SCAN STOCKS/MARKETS THAT ARE 6HRS AHEAD OF US ALSO...YES I DO...I ALSO DO SCANS AFTER AFTER 6PM ALSO ...NEWS COMES OUT SOMETIMES THATE R HRS AHEAD OF US...THE MORE U GET PREPARED THE MORE CONFIDENT YOUR TRADES R....THIS HAS PROVEN EFFECTIVE 4 ME SINCE LAST YEAR WITH ALMOST 98% ACCURACY...IN TRADES IVE TOOKED...I CONCENTRATE ON DOING LIMITED TRADES BUT B MORE EFFECTIVE..I NOW ONLY TRADE ONCE /DAY IF NOT NONE AT ALL SOMETIMES FOR THE WEEK...BUT WHEN I DO MY AC IS UP SOMETIMES 30% IN ONE DAY..BUT BASICLY I MAKE 6% /TRADE...THATS MY FOCUS...I DONT DO STOP LOSSES...IF IM UP I KEEP MYSELF UP SO IF A TRADE IS GOING AGINST ME IM OUT...DONT RISK YOUR PROFITS...PROFITS NOT GIVEN AWAY STAYS PROFIT IN YOUR AC..GOOD VIDEO TIM...N THANK U GUYS FOR ALWAYS SHARING...I HAVE GROWN SOOXXXXX MUCH IN THE PAST YR..
2 videos in 1! Thanks Tim.
Roland has a good point, Stocks like $VISL are great for shorts. Supernova That has never held its gains. I know it squeezed a ton of shorts too. Jealous of anyone who shorted from the 8$ range.
But it’s not my strategy At the moment, a lot of times it is seeing what’s moving pre market especially for long biases like myself and formulating a plan before you get into the trade.
Anyways thanks again for the video Tim!
See you at the top in like 979 more trades!
-Jordan Reed
nice
I basically play mettalica and stop the song st the 58th second and the first letter i see in the lyrics i search for in yahoo then proceed to take 3 shots of vodka and place a 200% size on the order depending on the day of the month go long or short. Then i play mettalica unforgiven 123 and then i close the position. This works as i have 15 lamborghinis in my garage.
and high volume
👍
I think Michael Goode should have voice of Tim Bohen
😂
@@TimothySykesTrader Big fan been studying for 3 months
💯
410 person here
👍🏾
i make my watchlist on good fundamentals and technicals
Nice!
Yo tim! You're student here can be a mentor.
👏👏👏
😎👍
anybody looking at michael good as a "millionaire" is BS. if an electrical engineer or petroleum engineer or police sergeant showed you their total revenue after 10 years, you would think they're "millionaires" too. this is FUCKING BS. if you're gonna trade you need way higher results than this to make it worth it! or else, just get a safe non-risky fucking job that pays more than 100k/year and you too will become a "millionaire" after 10 years like michael goode.
$2 million in 10 years is good but not great and not inspirational, no offence. you are choosing a risky skill instead of getting a 200k/year job. if you're going to trade, might as well really crank up the results as high as you can and not 200k/year. doctors make $300k/year and it's a safe non-risky job after 10 years of school.
if michael goode is considered a millionaire then every doctor, engineer on the planet and any person making $100k+ a year is a millionaire...... after 10 years too. if you're gonna take on trading, you need serious serious results which would make it worthwhile to choose it over any other "safe high paying path" like doctors, engineers, investment banker, truck driver, police man and any other 100k+/year job
Nassim Ettaki how much money do you have?
@@davidlayne2616 More than you that's for sure, especially if you think $2 million in 10 years is a lot of money.