Patrick Walker — Quit day trading! Focus on price, volume, and daily charts | Smarter Trading EP001

Video Description

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 EPISODE SHOW NOTES & BLOG POST https://www.thetraderisk.com/patrick-walker-quit-day-trading-focus-on-price-volume-and-daily-charts/?utm_medium=social&utm_source=youtube&utm_campaign=smartertrading WHERE TO FIND PATRICK Twitter: www.twitter.com/PatrickWalker56 Website: www.MissionWinners.com YouTube: www.youtube.com/ourmissionwinners SKIP AHEAD TIME STAMPS 0:00 Introduction 4:10 How Patrick got started in markets 7:40 How Patrick sidestepped the 1987 crash 10:00 Trading under pressure 11:15 Take care of yourself mentally, physically 13:20 Limit risk to be successful 13:50 Focus on a stocks price and volume 17:05 Don’t get wrapped up in day trading 18:05 Combine simple technicals with fundamentals 19:25 Winning stock criteria 21:00 Focus on the longer term 21:50 Sell partial profits into strength 26:45 Max list stocks 29:40 ETFs Patrick likes to trade 31:50 How to let winning stocks run 37:00 Don't impose your will on stocks 41:10 What does successful trading look like 46:50 Limit your losses 50:00 Final advice and words 52:40 Where to find Patrick 53:48 Extended cut Patrick in the 1990s 55:10 Bill O'Neil from IBD 56:05 Charts on graph paper 59:50 Stock setup in ZIM 1:03:39 Stock setup in GOOGL LEARN MORE & CONNECT WITH US ►Weekly Newsletter: https://www.theTradeRisk.com/trading-newsletter?utm_medium=social&utm_source=youtube&utm_campaign=marketrecapvideo&utm_term=descriptionsection ►Trading Systems: https://www.theTradeRisk.com/trading-systems?utm_medium=social&utm_source=youtube&utm_campaign=marketrecapvideo&utm_term=descriptionsection ►TC2000 Stock Scans: https://www.thetraderisk.com/tc2000-easyscan-pcf-solutions/?utm_medium=social&utm_source=youtube&utm_campaign=marketrecapvideo&utm_term=descriptionsection ►TR150 Watchlist: https://www.thetraderisk.com/product/leadership-watchlist/?utm_medium=social&utm_source=youtube&utm_campaign=marketrecapvideo&utm_term=descriptionsection ►Subscribe YouTube: http://bit.ly/YouTubeTTR ►Follow Twitter: https://www.twitter.com/evanmedeiros THANK YOU FOR WATCHING! This video is intended for informational and educational purposes only and does not constitute investment advice. The Trade Risk LLC is not an investment advisory service, registered financial advisor, or registered broker-dealer. The risk of trading in securities markets can be substantial. The Trade Risk and guests may hold positions in the securities discussed in this video. All opinions expressed by guests are solely their own opinions and do not reflect the opinion of Evan or the Trade Risk. You are responsible for your own financial decisions. Please review The Trade Risk’s disclaimer https://www.TheTradeRisk.com/disclaimer?utm_medium=social&utm_source=youtube&utm_campaign=marketrecapvideo&utm_term=descriptionsection which applies to the contents of this video. #TradeRisk #SmarterTrading #TradingPodcast