3 Key Indicators I Use to Cut Losses Quickly

[@TimothySykesTrader]

Do you understand the nuances I’m talking about in this video? Can you adapt and consider multiple factors at once? Leave a comment and let me know!

[@anthonygarcia572]

I watched it 3 times so I could get it stuck in my head too cut losese when it's looking bad I can't tell you how many times I lost money knowing it was looking bad. & I like too thank you for the free video lesson ever since I been watching them i have started too make 10%to 30% a day I'm more consistent took me hole year too get it right but I'm still learning thanks for being good teacher Mr Sykes

[@danwat1234]

In the description " Discover the Sykes Sliding Scale: po.st/YT-trader-checklist " but that links leads to a page saying end of service notice..

[@danwat1234]

I tend to cut losses quickly but sometimes I am hesitant because I know that i have bought this stock and i have less intraday buying power now and if I sell that is wasted. It is far worse when under 25K only 3 trades a week. I focus on not wasting a trade rather than being non-emotional and looking at the chart and price action. But i'll improve :)

[@tajgray9055]

Yep, gotta remember if it’s not doing what I want, it might be time to go ahead and close the position, Thanks Tim!

[@slikjmuzik]

Nobody ever went broke taking profits quickly. It’s ALL about singles added up!! If you’re waiting too long, you are in the green and you are losing site of your catalysts that got you in, take your damn profits and stay the eff out until it forms up again with volume.

[@jmantrading7063]

1st indicator 1:12 (speculative trade vs goto pattern) 2nd indicator 2:32 (price action) 6:04 (hot sector)

[@TimothySykesTrader]

🙌🔥

[@jeffrey-is-Rook]

Brooo I learned that last week. My friends laughed at me when I said it. 'I don't mind cutting losses when I'm in the green" but my mindset was, yes it's going up but its not moving like I planned so I'm gonna get out before it does something else I dont expect. Top notch video, Tim!

[@grim789]

Be quick to take profits smart man. People who hold and try to squeeze out every dollar will end up in the red more than the green. Speaking from experience had to learn that the hard way lol.

[@TimothySykesTrader]

Well done!

[@hairlessmale3527]

Exactly this, great comment.

[@villyv444]

Jeffrey Fahie your friend wont be laughing when he blows up his account

[@jeffrey-is-Rook]

@@villyv444 lol he wont even reply when I start talking about the market anymore. xD

[@momonwallstreet]

Thank you, Tim. Just joined the Challenge and it is so helpful to hear this message on all the platforms! Have only done a few trades with very little money but for every trade, I did have a setup and a stop loss and stuck to it, most of the time getting out before the price hit stop loss. Have to be careful there too as some of the penny stock that spike fast also come down fast so keep watching the price the stock is currently trading at and make sure your limit price does not miss that crucial window or you may have to sell below your stop loss price. That is one of the other important lessons I have picked up so far: do never buy or sell at market price!

[@GarMauer-eu7hh]

Yes Tim.. when I start to trade I will always remember cut my losses quickly & get out fast if stock is not breaking out like it should….. you’re the best…… Gary

[@davidtam5479]

Tim, I love all your videos! I am thankful for your honesty about penny stocks. I am tinkering with dip buying morning panic patterns and morning opening spikes. But most importantly, I am working on my discipline of sticking to rule #1 Cut Losses Quickly, waiting for the set up, and sticking to the trade plan! Thanks for ALL your training!

[@TimothySykesTrader]

you're welcome, David! Glad to have you here 👍

[@chaytonfarlee635]

This lesson in the 30 day boot camp has helped me see cutting losses quickly so differently! Thanks Tim been taking notes like crazy!

[@Cronkytonk]

I like to take profits at key levels so even if it goes against me and I cut losses quickly I might still be green. Depending on hire’s it’s moving I might take some off at 5% then 10% then 15% etc. I did this today with GEVO that was up 200% on the day. I let the last 1/5th run a little and cashed it in at 35% up. Taking some off quickly when it goes my way fits my personality. It’s probably because I a few times I have seen something go up 8% or so and then reverse and become a losing trade for me. If I had taken some off at 5% and then the rest at -2% it is a much smaller loss. I’m still very much learning though. As I getting better in finding supernovas over time I may not feel the need to take profits so quickly. Thanks for all of your help Tim!

[@TimothySykesTrader]

nice! keep it up!

[@aysenurfidan1122]

Yes! The golden rule! Sometimes the price comes back but doesn't worth the stress + risk. Always get out quickly. You always end up with a bigger loss. I have learned it in hard way :) Thanks Tim for being there :)

[@AlanVukas]

Thanks for the video. I took plenty of notes. “I will cut losses quickly.” One of my takeaways is that I need to be considering all of this before make the trade, part of my plan - anticipating that I will need to cut my loss.

[@ryandial9326]

I am very pleased with my choice to join Tim's VIP Challenge. I have been in for just shy of a month now and am really starting to feel confident in my growing ability to recognizing patterns. That being said I still haven't made a trade. Yes I have funded an account with a broker. I'm just being patient and making sure I dont blow up my account before I get going. Thanks for all the lessons Tim!

[@TimothySykesTrader]

thanks Ryan! I look forward to hear about your success. 👍

[@adamd.philips7657]

great video. I have been studying roughly 4 months now and there are still millions of things that I wanna learn. So far, I learned looking at the stock from multiple angles by using multiple indicators, knowing fundamentals (including the current market condition), and employing technical analysis while always being ready to cut losses quickly is one of the crucial things that I should know.

[@osiobe14]

This video is so vital to traders. especially Newbies ,I have found out that cutting losses quickly is the right thing to do. Because no matter how stubborn you might be initially in cutting the loss, you are eventually gonna cut that loss. just bigger and more devastating.

[@yrnot767]

Ever since I followed you, I learned how to minimize my losses. Before I was losing 20% per trade because of my wishful thinking towards the stock i was holding. But now, my maximum to cut is -1% . I then started to see my profit climb. Thank you very much Sir Timothy!

[@itsbusey8023]

Currently reading the complete penny stock course and it’s great, already adding to my knowledge account 140 pages in.. one of the hwk assignments had you make a trade and try to profit/lose $10 i cut my gains too quickly at $7.57 but felt good

[@NarniaB]

Bootcamp day 11! Cut losses quickly! I totally understand these nuances and have been putting them into practice. Great video!

[@TimothySykesTrader]

You got this!

[@MohawkHealer]

I enjoy the straight forward approach and knowledge that you share with everyone. I find myself reacting to the trades I am in as approaching each one with a back thought of the patterns each ticker may have in general but not letting that define the way it had to trade that day.. more so as a reference point and then to remain reactive within each play as its unfolding. Makes much sense everything that you shared in this video and Yes there is a moment to be aggressive and then moments to trade more conservative. Trading smarter NOT harder. Accepting of trades when they don't do as you may expect them to play out and knowing that its okay to just GET OUT! thanks for your guidance on this journey Tim!!

[@bkhgolfer]

thank you for the 101 trading, I am just starting and I thought I would do some paper trading first. Love your videos

[@TimothySykesTrader]

awesome! learn all you can 🙌

[@michaelhoefer509]

Thank you Tim. Probably my biggest downfall as a newer trader is holding on to a falling stock too long hoping it will recover and losing money. Thank you for the great lesson on cutting losses quickly.

[@AdrianaAlvarez-b4o]

Great Video Tim Sykes! I truly appreciate how passionate you are with your students. I am new to the challenge! I prefer to CUT MY LOSSESS QUICKLY AND MAKE QUICK PROFITS! I am not attached to the big wins.. Thank you so much for all your knowledge! This is a huge step forward for me. Study study study the charts! got it

[@TimothySykesTrader]

it's my honor❤️

[@TimothySykesTrader]

keep up the hard work!!

[@MrSschwarz13]

Great video, Tim! Cut losses quickly is the #1 this to remember. Its already drilled in my head and I follow it with each trade I make.

[@TimothySykesTrader]

Great job!

[@krystynadowling3998]

As usual, video was super helpful--have been studying for months, and am at the stage where I'm trying to figure out the nuances. I can definitely consider multiple factors, but am a little intimidated about adapting when the market changes--but I know if I keep pushing and learning, I'll eventually get it. I'm in this for the long haul! 🙌

[@nicolasacosta1061]

I’m currently in your 30 boot camp and I appreciate all your videos. Its quite a lot of information to grasp but you have motivated me to get on board with you and your team. Thanks for all the videos and I look forward to meeting you in the future once I break out!✌️

[@TimothySykesTrader]

awesome, glad you're liking it!

[@GarthYeazel]

Challenge student - still learning something with every video/lesson. It's good to be reminded over and over until ideas sink into my thick skull. Just finished the 30-day boot camp and going through these 30 trading videos. Keep up the great lessons!

[@TimothySykesTrader]

glad to hear you're getting the most out of the material! you got thissss 🙌

[@grahamnorth2478]

As I watch these videos again with the Bootcamp I am seeing so much more the second time around. Cutting losses quickly doesn't mean the risk level has to be hit. It means when the trade is not working out OR the momentum changes to cut it. back to the books...

[@osiobe14]

Thanks for these lessons, My biggest problems has been staying in winning trades for too long , that eventually turn into loosing trades. my greed is getting the best of me. , but working very hard to taming this beast.

[@quantumgoku1668]

Very crucial. It must do what you think it will do. So first you must think what it will do before entry. Great video again.

[@TimothySykesTrader]

absolutely! Thanks 👍

[@brentbeatty4171]

I am thankful for learning about your program.... I live in Weirton WV near Pittsburgh for now I have lived in Colorado Springs and Keystone Colorado in 91 to 96

[@Breakingfree100]

Love the constant reminders to be cautious and in a protective mindset. Like you say, trade like a retired trader. Thanks

[@nicolemoney1715]

I've been wanting to trade for a while now, your video's give me direction!! I know i will be conservative in the beginning; I'm thinking of only buying 10 shares at a time until my wins over run my losses! Thanks again! Hate I missed a crazy run by procrastinating! Finally started 30 DAY BOOT CAMP!!!

[@bassfever4234]

thanks for the video BootCamp Day 11. Cut Losses QUICKLY!!!

[@flouthciaccio]

I now understand there are multiple factors to consider. I’m in video 3 of 30 day bootcamp. I watch your videos and Tim Bowen’s STT updates daily. All tremendously helpful. Building on that knowledge. Thank you!

[@Dancemyth721]

I've been in your challenge for six months now, and so grateful for your material, as well as the attention from Mark, Michael, and all the new mentors. Feeling more and more inspired. I've watched this video several times (unfortunately for obvious reasons). So helpful. Thanks again Tim for all you do!

[@TimothySykesTrader]

Happy to hear that, thank you!

[@philipp5684]

After 2 years, have you become a profitable trader having participated in his challenge?

[@Dancemyth721]

@@philipp5684 haha no :/

[@philipp5684]

@@Dancemyth721 sorry to hear. Are you still part of the challenge? Was wondering whether they offer 1:1 coaching & mentoring?

[@tayhaoxia7863]

I understand that this is a game of constantly tinkering and that it takes time to learn all these new ounces and that it takes time to learn everything and that it is the hardest in the beginning. I will cut losses quickly .

[@rhondasullivan1535]

Lesson 11 BootCamp here. Thanks for sharing your knowledge. Still learning.

[@haileyperreira9295]

Great video the three indicators add more tools for your toolbox thanksTim

[@TimothySykesTrader]

more to come!

[@doodyfly671]

Oh yeah, that’s exactly what’s hold me off the daily trading, I’m more speculative when I trade using your Sykes Sliding Scale SSS which is based on 100 points of PREPARE I learned. Great indicators of how I should time rule number one. Thanks for the video. Very useful.

[@TimothySykesTrader]

glad it was useful!

[@bryansisler1490]

Learning the nuances ... Many issues to think of in parallel... No Serial thinking here...Please continue to Feed me the process... Thanks again... Bootcamp Lesson 11 Task 1B... All the Best

[@jackiefountain133]

This is great and helpful information. There are a lot of times I'm indecisive whether or not I should get out of a play. This helped!

[@TimothySykesTrader]

glad it helped! 👍

[@gagangames4813]

I take profits quickly. I don't use stoploss. I just reverse postion from long to short or short to long. I use pivot point, vwap and open price trading. But I always use target price

[@daniellaminetti1139]

Thank you, Tim!! I'm two weeks in your Millionaire Challenge...wow, learning so much! Loving these videos! :)

[@AmandaMcGee]

How is it going?

[@brandonwillett9441]

The sliding scale link takes me to a sketchy non secure website that offers cook book recipes and other random things not related to trading...?

[@leoniubas5682]

Now I start to understand you. Your video is very very helpful. Thanks

[@TimothySykesTrader]

so glad it was helpful!

[@bonniemcdonoughbiz]

Great Info. Understand it. Thanks for sharing.😀

[@TimothySykesTrader]

glad it was helpful!

[@danielellersdorfer598]

Nice! This helps my understanding of cutting losses knowing there are other nuances besides the play just not working out!

[@TimothySykesTrader]

Glad it helped!

[@SMWCEnjoirider]

Great info as always Tim! I think I really needed to hear the part about only looking for solid breakouts and breakdowns, that really helps. I constantly use the Pennystocking guide as a reference, its very insightful. Be patient, only look for the best setups, cut losses, love the process and the rest will come naturally!

[@TimothySykesTrader]

great takeaways! 👍

[@milleraa7712]

This is my #1 problem. I get in at the dip with high volume, the price action is volatile , Im up a good amount but then.... i wait to see how high i can fly and it turns around on me

[@A_Stoic_Trader]

I definitely want to be more aggressive but what you're saying about hot sectors makes total sense interms of when to take bigger positions. As well as taking quick profits in volatile markets. Thanks for sharing Tim🙏🏽

[@TimothySykesTrader]

you got it!

[@austinreed.]

Remember to hit save before marking assignment complete. I've been marking them completed without the saving part and just realized it wasn't keeping what I wrote down.

[@TimothySykesTrader]

Glad you figured it out!

[@BillyReedMusic]

Amazing! I'm going to start focusing on getting out of any stocks even if they are still in the green, when they are not doing what I expect them to do. Thanks, Tim!

[@TimothySykesTrader]

You can do it!

[@harishchandra3735]

Thank you Tim for your tips. Cutting Losses quickly will keeps you less stressful and mentally healthy.

[@GarMauer-eu7hh]

Yes Tim.. adapt to my schedule… thx… Gary

[@jefferyrahming5966]

I like the video. I have used multiple indicators, but not consistently.

[@TimothySykesTrader]

study study!

[@tzenasmith5616]

These indicators are helpful especially when combined with the PS Framework. Again, Plan your trade and trade your plan. Thank you!

[@livelovesail5184]

Thankyou for the awesome video and your time. How do you determine best exit points on a winning trade?

[@TimothySykesTrader]

you're welcome! 👍 depends on the trade

[@patricksmith6614]

Thank you again Tim, still new in the challenge and trying to get out of my own way and follow the rules. I understand the nuances, I just need to take the singles and the profit without getting greedy and then losing the profit I had.

[@TimothySykesTrader]

keep at it! way to go

[@donaldpellaton4629]

I totally understand what you mean .me as a pattern day trader I'm more meticulous looking for the trades ,with the news the low price and the higher percent of upside so I can maximize my trades since they are fewer. Otherwise I will just wait .Thanks Tim good lesson

[@TimothySykesTrader]

keep on learning every day!

[@TimothySykesTrader]

you got this🔥

[@franciaccio4405]

Working on figuring out when to cut losses.

[@TimothySykesTrader]

great!!

[@Mavheirick]

Tim, the link to Discover the Sykes Sliding Scale is broken. Appreciate you. Thanks for all the info

[@TimothySykesTrader]

thanks for letting me know!

[@Mavheirick]

@@TimothySykesTrader Anytime!

[@nickknirk]

With my small account, I can quickly do 3 conservative roundtrip transactions in one day, and run into the PDT rule pretty quick. Some buys should be held over night or no more trades for the week, right?

[@Maci504]

Thanks Tim, this is “My Go To”... I Love This Video...... (Created a wallboard off this)

[@TimothySykesTrader]

awesome!! Glad you like it!

[@nebojsa1976]

I buy penny stock in the morning at morning open. I leave it for 4 days without watching it and I sell it on 4th day. No stress. No thinking. It made me wealthy.

[@johngildea3080]

Thanks Tim!! Day 11 and a new challenge student and have already learned so much!

[@rhondabritt3086]

Tks,learned the hard way,my only losses are when had to go to work ,didn't watch stock. Price action volume. Hard not to do grunge trading them fucker. One penny?tks more times I hear this will learn. Your sliding scale is good ,mainly helps on what to be aware off.

[@TimothySykesTrader]

ouch!

[@IzalOliveros]

Hey tim, I have a brokerage account in e-trade and I just use the delayed quotes because I don't have money to get the monthly subscriptions for live quotes. is that okay for now? thank you tim I always watching your video and Learned a lot of lessons Thank you!

[@anthonymurzyn2424]

I would take some profit on the day up, and get out quick as soon as I notice the stock going against me. YES I want to learn all I can, so keep making all the videos you can, I know I greatly appreciate them!

[@rohitbhatnagar7599]

Where can I list of all sectors and companies that are associated with it

[@franpetrillo6771]

Every time I watch your videos I learn something new! Wow thank you Tim

[@TimothySykesTrader]

thank you!

[@isaacbaiden8605]

i like to take profit quickly and also cut loss quickly

[@alfredoandrade7279]

I like loses quickly to reduce my loses. Thank you Tim.

[@donaldgarrison1775]

yes unfortunately for me a tough lesson to learn but these 3 ways for why to cut losses are excellent and will be part of my everyday tradingf from now on

[@billfleury1147]

Great video! Trying to soak it all in

[@lindsaydiamond11]

Very useful information! I love this video. I like learning about the subtleties and fine details. It makes me comfortable when my knowledge base is strong. Thank you! I'm looking forward to learning more!

[@ricardoosorio8298]

Great knowledge, I will def put those indicators to practice, im learning the hard way...

[@TimothySykesTrader]

You got this!

[@KT-zx9jr]

Good clip Tim and you're a good educator. Thanks.

[@TimothySykesTrader]

Thanks 👍

[@willfrank7753]

Always a great video to remind of how to go about trading... Once you hear it enough times it becomes basic knowledge... Thank you Tim and your team for all your tips...

[@TimothySykesTrader]

thanks Will!

[@thomasw4624]

Still learning the lingo of some of the trading sector, but love all the help you offer Tim. Finally got my a E*TRADE account approved, as I am currently living in UK it was a bit of a pain, and now trying to link a bank account to transfer funds to start actually trading and issuing the skills and tips you offer. Exciting times ahead, and freedom I believe

[@TimothySykesTrader]

you're on the right path! 👍

[@romantrades2100]

Great video lesson on not trading💯

[@TimothySykesTrader]

thanks!

[@andrewstout6508]

Great instructions. Thanks!

[@TimothySykesTrader]

you're welcome!

[@Stockafella]

Another Great Vid Tim Thanks!!!

[@TimothySykesTrader]

Thanks!! 🙌

[@matthewhuyser9111]

Great video. Thanks Tim!

[@TimothySykesTrader]

Thanks for watching!

[@talaladam1198]

I will cut losses quickly and stay the course!

[@TimothySykesTrader]

GOOD!

[@brentbeatty4171]

I am a newbie... Looking to leverage my time and gain insight, emotional grit & balance.

[@TimothySykesTrader]

study hard!!!

[@brandontalley2140]

You have helped this newbie tremendously!! I have adapted to a lot of your styles and it has greatly helped

[@TimothySykesTrader]

You are so welcome!

[@TheDeucer1]

I think if you are in a great stock that's breaking out, skip the business meeting.

[@datboicuz]

one of the troubles of trading is timing. My thesis was right on a stock but my timing was off but i still follow this rule and it sucks watching the stock run without you but i didn't want to chase it up ya kno... it takes time

[@TimothySykesTrader]

timing is tough- you'll get there, just keep learning! 👍

[@NICKNITROTV]

I understand the nuances and I'm more in the realm of getting out early to lessen the risk

[@goldmouth4208]

Thanks for the great info Tim. I am new to the stock market. Very interested in being conservative atm. I am just starting and you make it sound easy. Thank you, it gives me more confidence.

[@TimothySykesTrader]

you're welcome! 💯

[@siddy8087]

Hi Tim- a big THANK YOU for sharing your knowledge with every single person who will listen! You are a kind person for wanting help us... I’ll be taking your course hopefully if accepted, I’ll be talking to your associates on Tuesday!

[@alfredoandrade7279]

Thank you Tim, I will keep on studying and I bought Jamil's book. Excellent book to read and very organized.

[@BlestOutWest]

Awesome info Tim! Thanks for all the hard work. Very appreciated

[@TimothySykesTrader]

thanks!! glad you liked it

[@gazza363]

I have the book already and so far, so good. Thanks for the tips, Tim.

[@TimothySykesTrader]

You bet!!

[@mitchdonar2962]

Awesome, useful video. Thank you!

[@alanfriedman5037]

Thanks Tim. Ironic-"no hot sectors now!'" filmed this right before coronavirus!!!

[@michaelcrase86]

Newbie goal: become an expert in the stock patterns to know what the hell to intelligently expect in order to make 10%, 20%, 30% gains and to know when to decide to get out if trade isn't doing what I expect to keep any potential losses to 1%, 2%, 3% not more that 5% hopefully. Thanks, Tim.

[@rayparadise7046]

great lessons :) thanks

[@TimothySykesTrader]

thanks Ray!

[@jamijohnson8602]

Lots of great information

[@TimothySykesTrader]

Glad it was helpful!

[@rrbuda67]

Thank you very much my ultimate Goal for wealth is to follow your footsteps and help the world.

[@TimothySykesTrader]

you're welcome!

[@jonathanjohnson996]

Love the detail and taking in the knowledge right now while in bootcamp. Watching videos and doing tasks repeatedly until understood better really helps. Thanks Tim! 2nd time I watched this in about a week I wasn't so overwhelmed. Yes, getting it and will keep at it!

[@nicolebabcock6688]

Great video! Really helps me understand your process and find my own.

[@TimothySykesTrader]

Glad it was helpful!