{"id":1486,"date":"2018-11-26T07:00:20","date_gmt":"2018-11-26T15:00:20","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=1486"},"modified":"2019-04-05T11:55:51","modified_gmt":"2019-04-05T18:55:51","slug":"ep-73-team-jonks-update-do-your-dailys","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-73-team-jonks-update-do-your-dailys\/","title":{"rendered":"Team Jonks Update (Do Your Dailies!)"},"content":{"rendered":"\n<div id=\"backtracks-player\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-73-team-jonks-update-do-your-dailys\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n\n\n\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n\n\n\n<p><b>Episode 73: Team Jonk&#8217;s Update (Do your Dailies!)<\/b><b><\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Ready for the latest update on the SteadyTrade Paper Trading Challenge? <\/span><b><\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Host Tim Bohen is away this week. When the cat\u2019s away, the mice will play \u2014 so this week you\u2019ll be treated to an update on host Stephen Johnson\u2019s paper trading team, or as he lovingly calls them, \u201cthe drunkard\u2019s team.\u201d &nbsp;<\/span><b><\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">What\u2019s working, what\u2019s not, and why? Here\u2019s what\u2019s going on: <\/span><\/p>\n\n\n\n<p><b>Liz<\/b><b><\/b><\/p>\n\n\n\n<p><b>What\u2019s going on? <\/b><span style=\"font-weight: 400;\">Liz is #winning big-time. Her paper trading account is currently over $48,000! <\/span><span style=\"font-weight: 400;\"><br>\n<\/span><span style=\"font-weight: 400;\">She\u2019s been following volatile stocks and trading from intraday levels. She talks about the lines and trends she\u2019s following, and how she likes size and scalping. <\/span><b><\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The only problem? While she knows her methods are working, she doesn\u2019t know how or why they\u2019re working. This could add up to trouble when trading in real life. <\/span><\/p>\n\n\n\n<p><b>What she\u2019s learned:<\/b><span style=\"font-weight: 400;\"> Liz shares how her biggest lesson so far has been learning to read and understand daily charts. Will the stock go up or down? Why? <\/span><\/p>\n\n\n\n<p><b>What she\u2019s struggled with: <\/b><span style=\"font-weight: 400;\">As Stephen puts it, Liz is playing like she\u2019s \u201con heroin and has no emotion.\u201d &nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">She\u2019s going in with her full account and seeing what happens. However, she\u2019s not being as careful as possible. Will she explode like an atomic bomb?<\/span><b><\/b><\/p>\n\n\n\n<p><b>Louis<\/b><\/p>\n\n\n\n<p><b>What\u2019s going on? <\/b><span style=\"font-weight: 400;\">Louis is holding steady, but not necessarily excelling. His account is just over $27,000. It\u2019s not incredible, and it\u2019s not where he wants to be. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">As Louis shares, he\u2019s been preoccupied. The recent wildfires in California and the ramping-up of the holiday shopping season (he works in luxury retail) have kept him from focusing on the Challenge. Will life get too much in the way of trading? <\/span><\/p>\n\n\n\n<p><b>What he\u2019s learned:<\/b><span style=\"font-weight: 400;\"> Louis has truly learned the power of a trading plan. He IS trading with a plan most of the time. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The trouble? Putting it all together. While he\u2019s great at creating a plan and focusing on one or two aspects of it, he\u2019s having a little bit of trouble with considering multiple variables at once. AKA, he\u2019s not seeing the forest for the trees. <\/span><b><\/b><\/p>\n\n\n\n<p><b>What he\u2019s struggled with: <\/b><span style=\"font-weight: 400;\">FOMO and chasing. When he sees that high of the day, he gets all excited and wants to jump in and buy, no matter what \u2014 plan be damned. <\/span><span style=\"font-weight: 400;\"><br>\n<\/span><span style=\"font-weight: 400;\"><br>\n<\/span><span style=\"font-weight: 400;\">Will he be able to overcome the all-too-common trading phenomenon of chasing the shiniest and sexiest stocks?<\/span><b><\/b><\/p>\n\n\n\n<p><b>Jude <\/b><b><\/b><\/p>\n\n\n\n<p><b>What\u2019s going on? <\/b><span style=\"font-weight: 400;\">Jude has been doing better since she stopped doing \u201ceverything that [she] shouldn\u2019t be doing.\u201d <\/span><b><\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Jude never tried paper trading before this challenge. She started trading with real money, and in going to the virtual platform, she\u2019s finding it challenging, almost like going from driving standard to automatic.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">After the initial challenge, she\u2019s started to follow Stephen\u2019s advice (!) and look for patterns, and her profits have been turning around. <\/span><\/p>\n\n\n\n<p><b>What she\u2019s learned: <\/b><span style=\"font-weight: 400;\">Jude improved on getting more clear on what her setups are. She\u2019s looking at support and resistance, and waiting for her setups before jumping into a trade. <\/span><\/p>\n\n\n\n<p><b>What she\u2019s struggled with: <\/b><span style=\"font-weight: 400;\">Her struggle has mainly been with trading psychology. FOMO and itching to make trades \u2014 the struggle is real! <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Will Jude be able to remain calm and patient long enough to stay in the challenge? <\/span><b><\/b><\/p>\n\n\n\n<p><b>Q&amp;A With Stephen <\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In the episode, all of the entrants get to ask Stephen their pressing questions. You\u2019ll learn:<\/span><b><\/b><\/p>\n\n\n\n<ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How can you know if it\u2019s a morning spike? If not, how can you figure out if the trend will continue? <\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How can you control risk and reward? Stephen talks about how you can\u2019t predict the stock market, but how you can position yourself to take advantage of risk and reward to diminish losses. <\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Who\u2019s gonna win? Should Bohen\u2019s team be worried? Wait til you hear Liz\u2019s fighting words at the end of the episode! <\/span><\/li><\/ul>\n\n\n\n<p><b>Got Something on Your Mind? <\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Do you have a question about trading? Visit the \u201c<\/span><a href=\"https:\/\/www.steadytrade.com\/submit-your-audio\/\"><span style=\"font-weight: 400;\">submit your audio<\/span><\/a><span style=\"font-weight: 400;\">\u201d portion of the website to ask us anything.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.<\/span><\/p>\n\n\n\n<p><b>Did you love this episode? Be sure to leave an <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes review<\/b><\/a><b>!<\/b><\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/7QKvF9XJSek?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Episode 73: Team Jonk&#8217;s Update (Do your Dailies!) Ready for the latest update on the SteadyTrade Paper Trading Challenge? Host Tim Bohen is away this week. When the cat\u2019s away, the mice will play \u2014 so this week you\u2019ll be treated to an update on host Stephen Johnson\u2019s paper trading team, or as he lovingly [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":1490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Team Jonks Update (Do Your Dailies!) - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"Episode 73: Team Jonk&#039;s Update (Do your dailies!) Host Tim Bohen is away this week. 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