Patrick Walker — Quit day trading! Focus on price, volume, & daily charts

23/04/2021 55 min Temporada 1 Episodio 1

                    Patrick Walker — Quit day trading! Focus on price, volume, & daily charts

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Episode Synopsis


Patrick Walker joins us in Episode 1 of Smarter Trading to share his 30+ years of insights as a technical trader in the stock market.
Key learning points

Why taking care of yourself is so important to successful trading
Why 5 minute charts are so dangerous
MAXLIST stocks and the key criteria traders should look for
The advantages of focusing on price and volume as key criteria
Limiting your losses is essential to survive as a trader

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Show Notes0:00 Introduction4:10 How Patrick got started in markets7:40 How Patrick sidestepped the 1987 crash10:00 Trading under pressure11:15 Take care of yourself mentally, physically13:20 Limit risk to be successful13:50 Focus on a stocks price and volume17:05 Don’t get wrapped up in day trading18:05 Combine simple technicals with fundamentals19:25 Winning stock criteria21:00 Focus on the longer term21:50 Sell partial profits into strength26:45 Max list stocks 29:40 ETFs Patrick likes to trade31:50 How to let winning stocks run37:00 Don't impose your will on stocks41:10 What does successful trading look like 46:50 Limit your losses50:00 Final advice and words52:40 Where to find Patrick
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