{"id":1179,"date":"2018-08-20T06:00:54","date_gmt":"2018-08-20T13:00:54","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=1179"},"modified":"2019-04-05T11:57:29","modified_gmt":"2019-04-05T18:57:29","slug":"ep-55-trader-checklist-tips-to-remember","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-55-trader-checklist-tips-to-remember\/","title":{"rendered":"Trader Checklist Tips To Remember PART 5"},"content":{"rendered":"\n
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Episode 55: Trader Checklist Tips to Remember<\/b><\/h1>\n<\/div>\n\n\n\n

Part 5\/14 of the Trader Checklist Review<\/h4>\n\n\n\n

Today, the Steady Trade Podcast brings you the fifth installment of a new series wherein hosts Tim Bohen and Stephen Johnson are sharing some of their favorite trading resources. <\/span><\/p>\n\n\n\n

First up? The Tim Sykes video entitled <\/span>Trader Checklist<\/span><\/i>. In the past several episodes, they have been playing clips from the video and offering commentary and discussion. Once again, be sure to check out this episode on YouTube to see the accompanying video! <\/span><\/p>\n\n\n\n

About <\/b>Trader Checklist <\/i><\/b><\/h2>\n\n\n\n


\n<\/span>Trader Checklist<\/span><\/i> is a video by Tim Sykes which features 14 chapters of invaluable trading information. For each category and indicator covered, he\u2019s set a numerical value of importance. It\u2019s available for free online, so don\u2019t miss out!<\/span><\/p>\n\n\n\n

Awesome Giveaway!<\/b><\/h2>\n\n\n\n

To give you an even bigger incentive to check out this incredible video, Tim and Stephen have a giveaway going on.<\/span><\/p>\n\n\n\n

To enter, first you need to watch <\/span>Trader Checklist<\/span><\/i>. Then, at the end of this multi-part episode, you\u2019ll take part in a quiz based on the <\/span>Trader Checklist<\/span><\/i> tips, numerically rating stocks per the system in the video. If your grade matches Tim Bohen\u2019s grade, you will win a prize (still TBA). <\/span><\/p>\n\n\n\n

Featured clips<\/b><\/h2>\n\n\n\n

In Part 5 of the review episode,<\/span> Tim and Stephen feature continue discussing <\/span>Trader Checklist <\/span><\/i>tips.<\/span><\/p>\n\n\n\n

Clip:<\/b><\/h3>\n\n\n\n

According to Tim Sykes, too few traders appreciate the importance of an easy entry and exit. This is something you need to think about before you take a position so that you don\u2019t get stuck! <\/span><\/p>\n\n\n\n

The Steady Trade take:<\/b> Stephen has been stung by this scenario, and shares his experience. Both hosts offer important cautions about why you should avoid illiquid stocks. <\/span><\/p>\n\n\n\n

Clip:<\/b><\/h3>\n\n\n\n

According to Tim, buying is much easier than shorting. In the clip, he discusses why the need to borrow shares to bet against the stock can be tricky. <\/span><\/p>\n\n\n\n

The Steady Trade take:<\/b> Tim and Stephen agree: borrows can get hot, and short selling can get complicated! They offer some important tips for why not to get too mentally invested in a short sale.<\/span><\/p>\n\n\n\n

Clip: <\/b><\/h3>\n\n\n\n

Here, Tim Sykes talks about seasonal aspects that come into play with stocks, and how toward the end of the year, many people unload their positions for tax reasons. How can this create trading opportunities? <\/span><\/p>\n\n\n\n

The Steady Trade take:<\/b> There\u2019s definitely a seasonal aspect to stocks when in the early part of the year there\u2019s optimism about stocks and later in the year people are more likely to sell. Tim and Stephen discuss their own approaches to taking advantage of this phenomenon. <\/span><\/p>\n\n\n\n

Clip:<\/b><\/h3>\n\n\n\n

<\/b>Tim Sykes talks about supply and demand. Simply put, if there are too many buyers and not enough sellers, the price will go up. If there are too many sellers and not enough buyers, the price will lower. These are important dynamics of stock market economics. <\/span><\/p>\n\n\n\n

The Steady Trade take:<\/b> Tim and Stephen talk about the greater ripple effects of supply and demand and how it can affect your investment. They talk about how, among other things, looking at historical data can help give you an edge. <\/span><\/p>\n\n\n\n

Clip: <\/b><\/h3>\n\n\n\n

Tim Sykes addresses an important topic: how cutting losses quickly can really help you help from losing big positions. While many people short sell without thinking about the risks, Tim prefers to \u201ctrade scared\u201d.<\/span><\/p>\n\n\n\n

The Steady Trade take: <\/b>Tim and Stephen discuss the pros and cons of cutting losses prematurely and offer insight about whether or not you should hold a stock overnight. <\/span><\/p>\n\n\n\n

Clip:<\/b><\/h3>\n\n\n\n

<\/b>Here, Tim Sykes addresses big companies. Are they really better investments? He offers his thoughts on this important subject. <\/span><\/p>\n\n\n\n

The Steady Trade Take: <\/b>Tim Bohen talks about the advantages of market cap small versus large. His take? If you want to make 1 percent, trade the big guys. If you want to grow a small account, focus on the small market caps. Listen to the episode to find out why!<\/span><\/p>\n\n\n\n

Clip:<\/b><\/h3>\n\n\n\n

<\/b>Here, Tim Sykes looks at patterns<\/span> not<\/span><\/i> to buy, and what he calls the \u201cbad sushi\u201d example. Basically, there\u2019s usually a reason why it\u2019s on sale. This is one of the most important <\/span>Trader Checklist<\/span><\/i> tips!<\/span><\/p>\n\n\n\n

The Steady Trade take: <\/b>Tim and Stephen talk about charting and how to find the good tickers. They talk turkey (not sushi) about what to actually look for and how to sift through the junk to find the treasures for your trading style. <\/span><\/p>\n\n\n\n

Got questions?<\/b><\/h2>\n\n\n\n

Got a question for Tim and Stephen? Visit the <\/span>\u201csubmit your audio\u201d<\/span><\/a> portion of the website to ask us anything. You may be featured in an upcoming episode.  <\/span><\/p>\n\n\n\n

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders! <\/span><\/p>\n\n\n\n

Did you love this episode? Be sure to leave an <\/b>iTunes review<\/b><\/a>!<\/b><\/p>\n\n\n\n

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