Mental. This is mental.

This is Tim Bowen with the Steady Trade Podcast. How's it going?

The Steady Trade Podcast, season one prize winners.

Hello, how are you doing? It's Stephen. Stephen Johnson from the Steady Trade podcast.

Hey, Stephen, how's it going? I'm very good, man. How are you? I'm doing great. Awesome. Where are you doing it? Stephen. Stephen Johnson from the Steady Trade podcast. Hey, Stephen. How's it going?

I'm very good, man. How are you? I'm doing great. Awesome. Where are you calling from? I'm just wondering. I'm calling from Michigan. Sweet. Sweet. So is it the name Tim. Is it Tim? Ryan. Ryan, sorry. My name is Tim, idiot.

I was just about to say it's another Tim. Okay, Ryan, where did you find out about the podcast? I found out about the podcast via the Stocks to Trade email list. Cool, cool, and have you been tuning in much? Have you been watching many episodes? Yeah, I've watched all. There's five, right? I think I've watched all five. Awesome. Very cool. Very cool. And is there a question that you have for the salty old veteran, Tim Bourne, before he gets too old, I'll have to replace them with someone younger? I keep trading these Alzheimer drug pennies, penny stocks. I keep hoping they're going to save me. Actually, I do have a question for you.

It was one of the questions that I put into my answer for the podcast from yesterday.

I just have to find where I wrote down my question. I've got it, actually. Hi, Ryan. My name is

Glenn. I'm the behind-the-scenes guy that works with Tim and Stephen on this. So your question,

you said, a trading plan means taking calculated risks. I'm reading the right thing, right, Ryan? Does it sound

familiar to you? Yes, that is that is it. Yeah. So to elaborate, this encompasses the following,

and then there's three points. One, having a thesis of where you think a stock's price will go based on

proven and consistently repeatable patterns. Two, evaluating your risk prior to entering a trade,

such that you know where to get out

if the price does not move according to your thesis,

thus minimizing any losses that you may have.

And three, setting a target goal

so you know when to take profits

if your thesis pans out as expected.

That's like the core elements of a trading plan there, Tim.

So, yeah, very, very well put.

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