Hi guys, as you know Steve and I put out a lot of trade ideas,
and I'd say a good 70% - 90% of them work out since we put out
great ideas. However it's clear that a lot of you are not
either doing them, or you have tried and failed. I want you
to succeed here and make money, and this video discussed a
methodical and systematic approach that you can employ to help
define and limit your losses, and be consistently profitable in the
long term. A lot of this is very simply, T.A. 101, however a
lot of you are probably not employing this simple method, and by
doing so you will become a consistently profitable winning
trader!
CLICK HEREto watch this important video. Also
I'm going to be placing this into the Education Section
here's some examples using a risk of 500 and 250.
Again whatever your risk tolerance is, or the amount that you
feel comfortable losing on a trade, use that to calculate the
'PROPER' number of shares you should be buying based on the
difference between your entry and initial stop
Posted by ciamears on 13th of Aug 2020 at 10:28 pm
Hi, Can I please have direct link to "help you trade our trade
ideas"? Also, I heard there is a live community chat during
trading hours? How do I access that?
Posted by timebandit on 13th of Aug 2020 at 10:46 pm
You will find a lot of educational items if you click the
Education button above, including the video below, which I think is
the one you're looking for:
Good education - thanks Matt. I use a variation of this
whereby rather than have a fixed risk amount I use a percent of my
portfolio size as my risk amount. This way my risk amount
stays appropriate for the size of my portfolio. - Matt.
Thanks Matt. Been a member for just over a year and have
only really traded your systems, not the individual trade ideas,
because I didn't know where to put the stops so I could size the
trade. Having suggested stops added to the trade idea charts
is a *huge* help!
For the systems (Paint Dry, SPY Pro), how do we come up with an
initial $risk/share so we can size our position and what are some
strategies for moving those stops up over time?
here's some examples using a risk of 500 and 250. Again
whatever your risk tolerance is, or the amount that you feel
comfortable losing on a trade, use that to calculate the 'PROPER'
number of shares you should be buying based on the difference
between your entry and initial stop
Posted by cape_rover on 11th of Mar 2018 at 05:11 pm
Great video Matt. For us that don’t always have time to
watch the whole news letter could just the spreadsheet get posted
for new trade ideas - using the $500 risk example. I don’t
want to put you out if it is a hassle. Just a suggestion if
you think your membership would get value out of it.
By the way thanks for all the new information and trade ideas
format with the target, triggers and stop levels. It will help your
members a lot. Thanks matt
Do you have a limited amount of stock to trade at any given
time? For example is not the same that you risk 1% in 6 stocks for
a maximum 6% risk than risk1% in 12 stocks for a maximun risk of
12%. Do you take that into consideration?
guys just for clarification, some comments were sent to me via
p.m. regarding the setups I showed, some didn't have a 1:3 risk
reward ratio etc (however many of them did I just set very
conservative targets and it wasn't about that anyway). The
video was not about cherry picking setups, it was about how to
calculate your proper position size based on your personal risk
tolerance from your initial stop and entry point for the trade
setups so that you can be consistent, it wasn't about finding the
perfect setups. Again mistakes I've done in the past, we all
have, placing too much capital into some positions losers, and not
enough capital in other positions winners, when really for the most
part we should try to be consistent for standard trade setups so
that winners make up for losers and over time we make make
money.
Thanks Matt for displaying the video. It really helps newbies
like myself. Would appreciate the initial stop and entry points in
the future. You and Steve are the best! Keep it up.
yeah I mean I'll try to add that to some of the trade ideas,
probably not all of them, it's actually a lot of work. Also you
will need to convince Steve to do that which may be
harder.
again obviously trades are not the same for everyone so it's
just a guide for a general swing trade approach. Quite simply
I'll use the last higher low a stop, or just below a trendline, or
a moving average like the 9 EMA or 20 SMA. Or if there's a
solid up candle I'll use 50% of that range. Also patterns like
tight coils and falling wedge patterns, even flags will have tight
stops on daily charts by their nature. However horizontal breakout
plays have higher risk because many times those important support
areas are far away and your stop has to be too wide, which is also
why I suggest looking at 60 min charts and seeing if you can get a
tighter entry and stop from that.
I may try to add some of those stop and target areas to specific
patterns but not others like horizontal breakouts
that would be super great Matt, and would add a lot of benefit
to us swing traders till we get the hang of it. esp your coil
patterns that i will be looking and learning to do!
Stops and targets should be defined by each individual based
upon their style - most importantly DEFINE YOUR STYLE and your
answer will come as a result. PRTS was one of my original
fundamental plays when the stock was trading around a $1.00.
Position traders were greatly rewarded following the
management change. Too many traders bounce around from idea
to idea without having any PLAN in place. That's like a team
going into a game without any practice or plan and simply winging
it on game day - end result is most will ultimately fail with that
approach.
Stops and targets will vary greatly depending upon YOUR APPROACH
which should be enacted PRIOR to trading. Novice traders
want to start with targets without any plan in place and as a
result most will simply rely upon others and never become
proficient.
Give a man a fish and you feed him for a day; teach a man to
fish and you feed him for a lifetime.
We are TRADERS not FORECASTERS - focus on what's in front of you
first and foremost. Forecasters don't put money to work like
traders. They want to tell you what's going to happen and
more often then not are wrong.
Again guys please watch the video, I really want all of you to
become consistently profitable traders and be able to utilize our
trade ideas to do that. Some of you struggle with this and
that's why I made the video. Steve and I both want you to
succeed!
Also going forward I plan to add initial stop suggestions and
targets to most of my trade ideas so that you can utilize the
formula I discussed in my video in order to set your PROPER
position size, and defined risk that is based on YOUR personal risk
tolerance (which I discuss in the video). If you guys do
this, you will become profitable traders over time. Here's a
few new ideas where I have added stops and targets so that you can
calculate your proper trade size based on your personal risk
tolerance. I would also like to ask Steve to add these to his
watchlist trade ideas when possible. It takes us longer to do
that but in the end it's worth it because we want you to succeed
and I think this will help. Also realize that not every trade
idea will have stops and targets listed because there are times
when the setup is trickier and needs to be played by ear, however I
will do so when I can.
Thanks Matt appreciate the video. I like the idea of going
forward having the targets and stops on the charts for easy
reference. I know I need to get more mechanical with my trades for
sure.
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Important Education Video to help you trade our trade ideas - reposted from 2018
Posted by matt on 10th of Mar 2018 at 09:20 pm
Hi guys, as you know Steve and I put out a lot of trade ideas, and I'd say a good 70% - 90% of them work out since we put out great ideas. However it's clear that a lot of you are not either doing them, or you have tried and failed. I want you to succeed here and make money, and this video discussed a methodical and systematic approach that you can employ to help define and limit your losses, and be consistently profitable in the long term. A lot of this is very simply, T.A. 101, however a lot of you are probably not employing this simple method, and by doing so you will become a consistently profitable winning trader!
CLICK HERE to watch this important video. Also I'm going to be placing this into the Education Section
here's some examples using a risk of 500 and 250. Again whatever your risk tolerance is, or the amount that you feel comfortable losing on a trade, use that to calculate the 'PROPER' number of shares you should be buying based on the difference between your entry and initial stop
Great video Matt! Educational. You
Posted by steverobin on 8th of Jul 2020 at 09:14 am
Great video Matt! Educational. You know what your clients need and you provide it!
Hi, Can I please have
Posted by ciamears on 13th of Aug 2020 at 10:28 pm
Hi, Can I please have direct link to "help you trade our trade ideas"? Also, I heard there is a live community chat during trading hours? How do I access that?
You will find a lot
Posted by timebandit on 13th of Aug 2020 at 10:46 pm
You will find a lot of educational items if you click the Education button above, including the video below, which I think is the one you're looking for:
Video, Trade To Win: Trade Size Calculation, Stops, Targets
Good education - thanks Matt.
Posted by z0ned on 8th of Jul 2020 at 07:47 am
Good education - thanks Matt. I use a variation of this whereby rather than have a fixed risk amount I use a percent of my portfolio size as my risk amount. This way my risk amount stays appropriate for the size of my portfolio. - Matt.
Thank you very much! Very
Posted by lapri24 on 7th of Jul 2020 at 06:40 pm
Thank you very much! Very helpful.
Appreciate this basic review of
Posted by RichieD on 7th of Jul 2020 at 05:10 pm
Appreciate this basic review of lessons you've repeatedly stated over the years. Easy to follow examples.
here's that old post from
Posted by matt on 7th of Jul 2020 at 03:21 pm
here's that old post from 2018, I made it sticky again. I will look to add that to the education section
Thanks Matt. The video and
Posted by pmahoney on 12th of Mar 2018 at 02:02 pm
Thanks Matt. The video and methods really help.
Thanks Matt. Been a member
Posted by rojoch on 12th of Mar 2018 at 01:27 pm
Thanks Matt. Been a member for just over a year and have only really traded your systems, not the individual trade ideas, because I didn't know where to put the stops so I could size the trade. Having suggested stops added to the trade idea charts is a *huge* help!
For the systems (Paint Dry, SPY Pro), how do we come up with an initial $risk/share so we can size our position and what are some strategies for moving those stops up over time?
Thanks!
.../john
Isn't there a mistake in
Posted by zwyss on 12th of Mar 2018 at 03:28 am
Isn't there a mistake in the viedo? DRNA target should be 1 buck higher in my opinion.
here's some examples using a
Posted by matt on 11th of Mar 2018 at 05:36 pm
here's some examples using a risk of 500 and 250. Again whatever your risk tolerance is, or the amount that you feel comfortable losing on a trade, use that to calculate the 'PROPER' number of shares you should be buying based on the difference between your entry and initial stop
Great video Matt. For us
Posted by cape_rover on 11th of Mar 2018 at 05:11 pm
Great video Matt. For us that don’t always have time to watch the whole news letter could just the spreadsheet get posted for new trade ideas - using the $500 risk example. I don’t want to put you out if it is a hassle. Just a suggestion if you think your membership would get value out of it.
By the way thanks for
Posted by cuqui69 on 11th of Mar 2018 at 02:39 pm
By the way thanks for all the new information and trade ideas format with the target, triggers and stop levels. It will help your members a lot. Thanks matt
Do you have a limited
Posted by cuqui69 on 11th of Mar 2018 at 02:35 pm
Do you have a limited amount of stock to trade at any given time? For example is not the same that you risk 1% in 6 stocks for a maximum 6% risk than risk1% in 12 stocks for a maximun risk of 12%. Do you take that into consideration?
Thanks Matt - The target
Posted by mkrmdz on 11th of Mar 2018 at 02:12 pm
Thanks Matt - The target and stop information are great ideas.
guys just for clarification, some
Posted by matt on 11th of Mar 2018 at 02:23 pm
guys just for clarification, some comments were sent to me via p.m. regarding the setups I showed, some didn't have a 1:3 risk reward ratio etc (however many of them did I just set very conservative targets and it wasn't about that anyway). The video was not about cherry picking setups, it was about how to calculate your proper position size based on your personal risk tolerance from your initial stop and entry point for the trade setups so that you can be consistent, it wasn't about finding the perfect setups. Again mistakes I've done in the past, we all have, placing too much capital into some positions losers, and not enough capital in other positions winners, when really for the most part we should try to be consistent for standard trade setups so that winners make up for losers and over time we make make money.
Thanks Matt for displaying the
Posted by indyjohn on 8th of Jul 2020 at 02:31 pm
Thanks Matt for displaying the video. It really helps newbies like myself. Would appreciate the initial stop and entry points in the future. You and Steve are the best! Keep it up.
yeah I mean I'll try
Posted by matt on 8th of Jul 2020 at 02:39 pm
yeah I mean I'll try to add that to some of the trade ideas, probably not all of them, it's actually a lot of work. Also you will need to convince Steve to do that which may be harder.
again obviously trades are not the same for everyone so it's just a guide for a general swing trade approach. Quite simply I'll use the last higher low a stop, or just below a trendline, or a moving average like the 9 EMA or 20 SMA. Or if there's a solid up candle I'll use 50% of that range. Also patterns like tight coils and falling wedge patterns, even flags will have tight stops on daily charts by their nature. However horizontal breakout plays have higher risk because many times those important support areas are far away and your stop has to be too wide, which is also why I suggest looking at 60 min charts and seeing if you can get a tighter entry and stop from that.
I may try to add some of those stop and target areas to specific patterns but not others like horizontal breakouts
The video you provided is
Posted by steverobin on 8th of Jul 2020 at 05:43 pm
The video you provided is a good guide. Placing stops and targets depends on the trader and their plan.
that would be super great
Posted by imelhoe on 8th of Jul 2020 at 02:54 pm
that would be super great Matt, and would add a lot of benefit to us swing traders till we get the hang of it. esp your coil patterns that i will be looking and learning to do!
Important to Understand
Posted by steve on 8th of Jul 2020 at 02:44 pm
Stops and targets should be defined by each individual based upon their style - most importantly DEFINE YOUR STYLE and your answer will come as a result. PRTS was one of my original fundamental plays when the stock was trading around a $1.00. Position traders were greatly rewarded following the management change. Too many traders bounce around from idea to idea without having any PLAN in place. That's like a team going into a game without any practice or plan and simply winging it on game day - end result is most will ultimately fail with that approach.
Stops and targets will vary greatly depending upon YOUR APPROACH which should be enacted PRIOR to trading. Novice traders want to start with targets without any plan in place and as a result most will simply rely upon others and never become proficient.
Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.
We are TRADERS not FORECASTERS - focus on what's in front of you first and foremost. Forecasters don't put money to work like traders. They want to tell you what's going to happen and more often then not are wrong.
Again guys please watch the
Posted by matt on 10th of Mar 2018 at 09:52 pm
Again guys please watch the video, I really want all of you to become consistently profitable traders and be able to utilize our trade ideas to do that. Some of you struggle with this and that's why I made the video. Steve and I both want you to succeed!
Also going forward I plan to add initial stop suggestions and targets to most of my trade ideas so that you can utilize the formula I discussed in my video in order to set your PROPER position size, and defined risk that is based on YOUR personal risk tolerance (which I discuss in the video). If you guys do this, you will become profitable traders over time. Here's a few new ideas where I have added stops and targets so that you can calculate your proper trade size based on your personal risk tolerance. I would also like to ask Steve to add these to his watchlist trade ideas when possible. It takes us longer to do that but in the end it's worth it because we want you to succeed and I think this will help. Also realize that not every trade idea will have stops and targets listed because there are times when the setup is trickier and needs to be played by ear, however I will do so when I can.
Thanks Matt appreciate the video.
Posted by morton7 on 11th of Mar 2018 at 09:13 am
Thanks Matt appreciate the video. I like the idea of going forward having the targets and stops on the charts for easy reference. I know I need to get more mechanical with my trades for sure.