Patrick Walker — Quit day trading! Focus on price, volume, and daily charts | Smarter Trading EP001
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 Published On Apr 26, 2021

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-...

WHERE TO FIND PATRICK
Twitter: www.twitter.com/PatrickWalker56
Website: www.MissionWinners.com
YouTube:    / 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

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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/disclaim... which applies to the contents of this video.

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