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SteadyTrade

Ep 48 - New Millionaire Mark Crook - P1

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 16 July 2018

⏱️ 31 minutes

🧾️ Download transcript

Summary

Tim and Stephen bring on special guest: Mark Croock. How did this millionaire trader get to the top? How did he recover from a $20k loss? Which pattern does he look for? All of this and more!

Transcript

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0:00.0

This is episode 48 of the Steady Trade podcast with your host, Tim Bowen.

0:11.1

That was like the golden age of Shortene John.

0:14.5

And Stephen Johnson.

0:15.6

My biggest loss is like 5,000 because I'm a gunsling I'm a newbie who hasn't learned yet.

0:22.0

Today's episode is part one of a two-part conversation with Mark Crook.

0:27.2

Great to join you guys here.

0:29.1

Mark started trading about eight years ago.

0:31.2

I've been trading, gosh, since 2010.

0:34.2

The epitome of safe and steady.

0:36.1

I'm certainly not a gunslinger. Mark gradually built his account to over $1 million. Where will your account be in eight years? Listen in as Mark explains how he did it. But first, let's dip into the listener mailback. Today's question comes from Sally in Atlanta.

0:56.5

Sally wants to know what is the best way to build a watch list for penny stocks.

1:03.9

Sally from Atlanta asks, what's the best way to build a stock watch list for penny stocks?

1:11.5

I can just take this one straight away because I've got this new strategy.

1:15.7

That's the best.

1:17.3

So what I do, and you have it slightly different, but the same thing, is I have day one runners,

1:24.5

day two runners, day three runners and day four runners.

1:27.1

And then I'll have a scan on stocks that say is stocks up more than 10% on 200,000 volume traded. And all of the stocks that close more than 10%, more than 200,000, say 800,000 volume traded. I'll put them in day one. And then if they have a green day, the next day I put them in day two. And then if the day two ones have a green day, the next day, I put them in day. And then I can

1:47.2

see it helps you really look at patterns form over one, two, and three days. So you're not just chasing the stock of the day. And then you start trying to see when do the stocks tend to fail and and how high what how high did the spike before the fail and and then you can start looking at

2:03.5

do I want to short the red to go? stocks tend to fail and how high what how high did the spike before the fail and then you can start

2:03.0

looking at do I want to short the red degree, do I want to go along the red to green on day one or do

2:07.0

I want to short a stock up day three? This is how you learn to make those plans. Yeah, I think that's a

2:12.8

I've done very, very similar to you and I talk about this all the time in Stock to Trade Pro,

...

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