Comments on: Building a Trade Plan

By: Charles Godfrey

Charles Godfrey — Tue, 10 Dec 2019 13:18:57 +0000

Started from the top down, until the podcast when the ‘stock coach’ started her trading journey.
I’ve been following and studying for about 4 months now. Initially I burned up a small 500.00 account, that was about 3.5 months ago. Since then I’ve been taking in all the free lessons I can, I’ve spoken with Sykes’ training rep, and Bohen’s training rep to get into the trading pro systema, but I need to build an account before I can afford to take the courses. Otherwise for now I am learning, and paper trading, applying the techniques Tim’s talk about over and over. Eventually I plan on taking the course. I’m 2 weeks with an accountable goal of at least 5% per day, so far I’ve been able to hit my target everyday for the last 10 days.

By: Mahendra C Patel

Mahendra C Patel — Thu, 04 Jul 2019 03:01:14 +0000

Makes complete sense. Have a plan and sticking to it.
The challenge is “Will you stick to it OR some other greed will change your mind and you end up in a losing trade in the end?
Learning something everyday.

By: Romina

Romina — Mon, 09 Oct 2017 13:16:07 +0000

Looking forward to Season 2!

By: Seth

Seth — Mon, 09 Oct 2017 01:56:00 +0000

Aweesommme!

By: JR RIO

JR RIO — Fri, 06 Oct 2017 21:41:08 +0000

Great to hear stephen making a secret life trade plan. If you believe in it (trade plan) and really really believe in it, you will be successful.

By: Tim Bohen

Tim Bohen — Fri, 06 Oct 2017 18:20:03 +0000

In reply to Robert Bacigalupe. Thank you for listening Robert!

By: Robert Bacigalupe

Robert Bacigalupe — Thu, 05 Oct 2017 22:29:07 +0000

Thank you so much guys for putting this podcast together each week! Each podcast has been extremely helpful.

By: Annette Patterson

Annette Patterson — Thu, 05 Oct 2017 21:17:27 +0000

Really loving the podcasts and the content!! The examples you give and the way you explain things really helps me to understand and make the content stick. Looking forward to Season 2 – you guys are awesome! Thanks so much!!

By: Tim Bohen

Tim Bohen — Wed, 04 Oct 2017 20:28:39 +0000

In reply to Andrew Eyink. Thank you!!!

By: Andrew Eyink

Andrew Eyink — Wed, 04 Oct 2017 17:47:46 +0000

Thanks again boys, just realized how lazy I have become, and really how important the plan is.

By: Cal

Cal — Wed, 04 Oct 2017 17:44:48 +0000

Great Podcasts Guys. I am working on a plan now and I will write it down and keep to it.
Thanks for the inspiration.

By: Mike Hutchinson

Mike Hutchinson — Wed, 04 Oct 2017 13:03:33 +0000

Thanks Guys, another great podcast, (Now in Sound and Vision!). This was my weakest area coming into the Millionaire Challenge, but I’m working hard to address it. I am making plans each day, but I’m still overwhelmed by the number of stocks that my scanners produce. Maybe it’s just an unusually high volume of plays we are currently experiencing, but it does make it difficult to home in on the right stock and I find myself missing great plays having settled on something mediocre. I’m still at the start of my journey so I’m sure I will get better. Anyway, really enjoyed the podcast and lets hope that Stephen can ‘Stick to the plan!’. Cheers.

By: Darren Assante

Darren Assante — Wed, 04 Oct 2017 12:31:12 +0000

Used a plan yesterday and had 3 postive trades . Not huge but positive . Thanks guys !

By: Tim Bohen

Tim Bohen — Wed, 04 Oct 2017 09:16:33 +0000

In reply to Yaser Samerraei. Thanks Yaser! Glad you found it helpful!

By: Yaser Samerraei

Yaser Samerraei — Wed, 04 Oct 2017 03:08:40 +0000

Awesome podcast, I’m new to trading and I can see why I should avoid mid day trading. It has got me no where ! Lol thank you for the eduction !

By: Tosh

Tosh — Tue, 03 Oct 2017 13:07:53 +0000

Howay the lads. Great podcast chaps. Very interesting.

By: Togzhan Rakhimbayeva

Togzhan Rakhimbayeva — Tue, 03 Oct 2017 07:28:14 +0000

So cool! This so much applies to me: believing to Universe and sending positive energy like Steven sometimes. I used to write plans for 5 months, however it didn’t help me to become consistently profitable and I felt like “why I need this plan, better to jump into the trade as many of others and profit as they do”… And I came to the losses ) So, I started writing the plans again and trade in Paper Trading. It gave me confidence in my plans as I earned 8K in 2 months. Now gonna switch back to the real money. Thank you for the great video!

By: Dominique Natale

Dominique Natale — Tue, 03 Oct 2017 03:36:04 +0000

Tim Bohen ” If you dont plan at all you plan to fail ”

Logic plan set risk!
WHere is your stop loss ? got me
Review History
Avoid mid day trading 11pm -2pm

Pick meee!!!

By: Richard Rodrigo

Richard Rodrigo — Tue, 03 Oct 2017 03:06:52 +0000

Great video, “THE PLAN” is something I need to work better on but most importantly, the execution. I tend to have a “half plan”, very similar to what Stephen does. I look at top % gainers, the catalysts/news, its float, the volume and the main pattern I know, but almost always once I enter a trade and get executed one of the two happens. 1.) I freeze and just forget about my plan even though my notes are in front of me and the lines I drew in the chart are in front of me and/or 2.) a rush of emotions/adrenaline comes through and I just panic and usually end up taking a loss by exiting too early or exiting too late. How do I get over this hump?!?!?!!?

Secondly, and more importantly for me. How do I execute my plan better?!? I usually have a good plan but do not have great execution because of what I mentioned in 1.) and 2.).

By: Anthony Cheng

Anthony Cheng — Tue, 03 Oct 2017 00:59:24 +0000

Thank for another episode, always has a Plan,now i got it a lot of trading is not trading.
Can we call this is a trade plan? follow intraday stock directions trade according to that directions….

By: Todd

Todd — Mon, 02 Oct 2017 23:57:17 +0000

Very good.

By: Reine

Reine — Mon, 02 Oct 2017 23:22:44 +0000

Wow, another great episode! Soo much clearer and straight forward!! I loved the video and the analogies. I loved the sound of the lion, especially. I’ve been watching Tim’s trader checklist and HTMM which is discusses a lot of the information mentioned here and I loved the continuity. Thank you for bringing this to us.

By: Thomas Hunt

Thomas Hunt — Mon, 02 Oct 2017 23:01:44 +0000

This goes in a great direction, leading us newbies into the forest of trading and showing us the right path. Where we go from there is up to us… Thanks to Tim & Stephen for the great overviews!

By: Marjolijn Goossen

Marjolijn Goossen — Mon, 02 Oct 2017 22:35:05 +0000

Stick to the plan, stick to the plan, stick to the plan. Aaaargh! why is that so hard?! A forest walk will give me the peace and quiet to receive that answer from the universe. Thanks guys for this useful podcast yet again.

By: Scott Stockdale

Scott Stockdale — Mon, 02 Oct 2017 22:18:43 +0000

Writing losses in a diary and pinning index cards with trading plans on to my monitor are things I’m definitely going to do! So much useful information as always and I love how “a lot of trading is not trading”. Thanks guys and looking forward to tomorrow! Will the episode be streamed live on the site?

By: Israel Maldonado

Israel Maldonado — Mon, 02 Oct 2017 22:08:41 +0000

WOW audio and video great podcast guys …one of the best ones yet, I keep learning new ideas every Monday…love the show..I drive over a hour to and from work so I will be listening to this one over again…Great job .and thank you.

By: Dustin Frank

Dustin Frank — Mon, 02 Oct 2017 21:25:53 +0000

I studied this morning and missed all of the action. I was really tempted to complete a trade at the end of the day but kept my emotions in check and didn’t “trade just to trade” even though there were some hot stocks.

By: Dustin Frank

Dustin Frank — Mon, 02 Oct 2017 21:24:15 +0000

Great rundown of creating a daily plan!!! Thanks guys!!!

By: Stephen Johnson

Stephen Johnson — Mon, 02 Oct 2017 19:34:50 +0000

In reply to Craig. Thank you man for listening - appreciate that!

By: Stephen Johnson

Stephen Johnson — Mon, 02 Oct 2017 19:34:17 +0000

In reply to Marcus Chan. Very cool comment we may just feature this in an upcoming recording ;-)

By: Stephen Johnson

Stephen Johnson — Mon, 02 Oct 2017 19:33:43 +0000

In reply to Philip Bondarenko. ha so nice of you cheers!

By: Stephen Johnson

Stephen Johnson — Mon, 02 Oct 2017 19:33:22 +0000

In reply to Sue Sgaggero. hahahahahah we just recorded some of this you'll see :-)

By: Stephen Johnson

Stephen Johnson — Mon, 02 Oct 2017 19:32:47 +0000

In reply to Pamela. ha ya hope you enjoyed

By: TV Kapchinski

TV Kapchinski — Mon, 02 Oct 2017 19:12:31 +0000

So beneficial and better understanding for me but leaves me eager for more. Looking forward to season 2.
Greedy little bastard/ greedy bitch 🙂

By: Debbie Jacobs

Debbie Jacobs — Mon, 02 Oct 2017 18:44:11 +0000

I cannot believe the timing of this podcast. My niece is in the “Millionaire Challenge Program” and I am in the “Millionaire Masters Program,” and yesterday we talked about what stock would we trade and they whys and our entry/exit targets. So your podcast today has definitely helped me to refine my plan, so thanks. Loved the analogy of the lion and Stephen just running off and Tim making a plan. Eventually Stephen you would get tired and the lion would get you, but Tim making a plan has a better chance of getting away that time and again and again. So Stephen learn the old adage, “Fail to plan, plan to fail.” You two guys are great and thanks for taking the time out of your busy lives for doing these podcasts They have helped me so much. One thing I would like explained to me is the “first” red day to short. Lot of questions on that just because I believe I will be a better short trader than long.

By: Adrian DellaBarba

Adrian DellaBarba — Mon, 02 Oct 2017 18:34:36 +0000

Great pod cast. Understanding more.and.more.
Thanks gents.

By: mattsfan

mattsfan — Mon, 02 Oct 2017 17:44:21 +0000

it was nice to heard about building a plan before entering in the trade and stick with it , if anything goes against you CUT LOSSES QUICKLY that’s the strategy ..!!

By: Keith Thomas

Keith Thomas — Mon, 02 Oct 2017 17:16:50 +0000

Loved the video episode. I really appreciate all your efforts in educating us new wannabe day traders. I am 58 and it has really been hard to find a job after I lost mine in May after 10 years with a company. I am sick and tired of working for someone else and it is time to be my own boss. I believe if I follow the rules and study hard, I will be successful with this and can do this for a living.

By: Pamela

Pamela — Mon, 02 Oct 2017 16:32:41 +0000

Tomorrow is the day! Can’t wait!!!

By: Marcus Chan

Marcus Chan — Mon, 02 Oct 2017 15:28:59 +0000

The 29:00 analogy part hits right on the head!!!! Last month, I was trading a lot of different setups, like a total newbie, even though paper trading, I traded like a junkie going in without a plan and was like Stephen, just believing. But this month, I’ve had 14 losing trades and 6 winning trades. To my surprise, my winning trades are more than my losing trades as I only traded what I understood, researched a lot and ultimately, planned those trades. One thing that I think needs to be emphasized on is that always have a target price, if not you’ll just try to go for the top and that has never once worked out for me. Great job improving not only the podcast itself but also the website!!!!! Appreciate it!!!

By: Sue Sgaggero

Sue Sgaggero — Mon, 02 Oct 2017 15:23:50 +0000

Steve stick to your plan for Halloween. Hope you do more podcasts.

By: Craig

Craig — Mon, 02 Oct 2017 14:45:59 +0000

Enjoy the video to this episode, love you guys, thank you for taking your time to do steady trade podcasts!

By: Philip Bondarenko

Philip Bondarenko — Mon, 02 Oct 2017 14:08:45 +0000

Thanks for another great episode. Best podcast on trading in the world!