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SteadyTrade

Ep 43 - Failure: The Sequel

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 11 June 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

Ep 43

Transcript

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0:00.0

This is episode 43 of the Steady Trade podcast with your host, Tim Bowen.

0:11.0

It's kind of like Star Wars, Indiana Jones.

0:14.5

Friday the 13th, nightmare on Elm Street.

0:16.8

And Stephen Johnson.

0:18.2

I'm coming to the realization that I'm a better entertainment than I'm a traitor.

0:21.8

I'm a loser.

0:25.5

Today's episode is about failure.

0:29.4

Failure is always the best way to learn.

0:36.2

That's right.

0:37.2

Failure. The way to learn. That's right, failure.

0:38.3

I did it again.

0:41.3

The guys explain what happened.

0:43.3

A colossal loss short selling, a day one low float stock with news.

0:50.3

Something we talk about every day in Stock to Trade Pro about not shorting.

0:55.5

What he did right?

0:56.4

Yeah, there's a huge trend shift where everything's spiking at the open.

1:00.6

What he did wrong?

1:01.7

In the past, I would have been more careful with a 60% gap bar to see how much it would spike

1:06.3

at the open if it was coming up with volume.

1:08.6

And how he's going to make sure that this time he will never

1:11.9

ever ever make the same mistake again we've got a whole team of coaches we can turn you around kid

1:18.0

i'm confident again yeah i feel like a hero now i feel like i'm a hero not yet you're the goat right

...

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