Pattern Recognition, Confirmation Bias & Sunday Scan For March 1, 2021

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[@byronrodriguez9401]

19:30 Make sure you're not trading random stuff. If you trade random stuff expect random results. This is something I find myself doing a lot so I just started tracking my set ups on excel. Thank you, Nate. I always enjoy your Sunday scans!

[@SofiaisSunshine]

Key takeaway: @11:43 I asked Nate this question 6 months ago and his explanation completely changed my process and helped me make it to the next level. I was doing it wrong. I am still working on cutting the ones at the right time when they stop doing what I thought they were going to do but I think this is a process that develops with experience and screen time. Thanks again Nate.

[@eclectictrader5827]

15:10 The explanation of general idea of being wrong and right. Much needed thank you.

[@BeabullTrader]

2:00 The more consistency you have in your life, the more consistency you'll have as a trader. I've been an IU member for about 9mths...besides the trading lessons, this is the one aspect you've helped me get back to the most. 3:00 Allow yourself to be challenged, allow other people to challenge you in order to get a better view of the full picture.

[@kennethalvis3906]

00:20 "Leave timing and it will que the video at that time." Did not know youtube would do that. 42:00 "This is the market where you need to learn to trade." Great advice for anyone that is new or you do not have risk management.

[@Billyonaire__]

12:06 "To exponentially grow let things work, think about big picture, I get out if it stops doing what I anticipated it to do" - thanks Nate :)

[@AhmedOsman-ch4oq]

Biggest takeaway is from 8:20. The next mentality has been a bit difficult for me to adopt but constantly hearing you mention it and share your own "next" stories is helping drill it into my head.

[@christinokaneko3791]

17:20 $GME was a Black Swan Event; be independently wealthy if you're going to ride it out. Probability of such events are low, more often than not, you have a chance if you sell. Early in February, I lost half my account on $GME sympathy play $NAKD because I fell for the hype. On Thursday, I made a profit on $GME. It's good to hear this lesson coming from a great trader.

[@samturbo4049]

19.11 Black swan event, second time less likely to work. I'm part of the team and this is beautiful advice, I took it recently with a completely non-related stock in the UK.

[@joedavis3143]

23:30 Than you for explaining your brilliance in how ranges work out.

[@bwhin2873]

11:26 Defining your stops. Such great content Nate, thank you.

[@angelacox8988]

P.S. It's a good thing you repeat yourself. Sometimes it takes many times before sinking in. I have many of your one liners in my toolbox - look left, don't force trade, wait for set up, find your niche etc. Thanks for sharing the Sunday Scan

[@maxagatsu1181]

11:11 Sh*t got real deal... .. . The authenticity/transparency/sharing of discretionary tidbits in consistent profitability to next level to life changing events on the journey of a goat.

[@salmonfreak]

One of my favorite key take aways from Nate as part of the process is to always be thinking where should this stock break down or break out? Numerous times I've gotten into a position the expected thing starts to happen then stops. I've learned to reverse positioning at these inflection points instead of fighting it like I might have in the past. And newsletters have pony tails :)

[@Nana-vb4nj]

14:37 I added last Friday a "What If" to my golden rules. If does not reach the level I expected to go I Must get out. Before, I only had an entry avg, exit and stop loss prices. Golden Rules are: 1) Only trade A+ set ups - Does it have a level confirmation? Does it have a long term pattern? Trade only after 10 AM. (I tracked my worst trades happened between Pre mkt and 9:54am) 2) Set a risk/ reward plan and follow it.

[@drr5549]

Key takeaway for me is this entire video every word every sentence is a gem thank you Nate

[@IsmaelAlonso]

Lately I am more focus in the first half an hour of the videos where Nate said the thing we already know almost everything but we always forget and need to remind myself frequently. Thank you for your time.

[@silvikification]

Key takeaway for me and what just reinforces for me how to make this a career 2:45. Surrounding myself with people who tell me the things I should hear. I don't want people to tell me what they think I want to hear. I want people who are going to push me to think better.

[@kevinminutti5298]

2:01 The more consistency you have in your life the more consistent you will be as a trader. This is very underrated advice and timing is perfect needed to hear this.

[@MrBraveAndStrong]

11:01 There will be good days vs bad days in the market. The market that gives will take it back as fast. "you have to take what market gives you" as Nate puts it, then move on to the NEXT trade, day, week, etc. Mental and emotional strength is the key.

[@MrBraveAndStrong]

12:02 Taking your trading to that NEXT LEVEL: *Let things work a lot more. ** Think about big picture. *** Get in, starts to work, SCALE IN!. **** If it doesn't make the anticipated move; downsize, adjust risk or GET OUT!

[@YenNguyen-dc2fl]

Thank you Nate! really appreciate what you do!

[@thomaslaw8298]

"Zoning on what is doing what you expected" after I understood that, I achieved consistency, so thank you Nate. That was my haha moment

[@mrkg6051]

Always a lot of takeaways, great video Nate!

[@markomarkomark8512]

Best trader i ever saw in my life.

[@Baelorhia]

02:02 The more consistency you have in your life, the more consistency you have as a trader.

[@liz51765]

That's a really powerful one.

[@BeyondMars-dv5fq]

Excellent presentation. Thank you. But I don't know what to put as my key takeaway here. Whole thing was great.

[@bto9273]

12:00 "To exponentially grow let things work, think about big picture, I get out if it stops doing what I anticipated it to do" - Thank you sir.

[@yaxairarodriguez4755]

Good Morning-Take away-don't be bias-stay open minded, don't surround yourself with only what you want to hear/yes man, mental stops unless you are bad with getting out-use hard stops, when it stops doing what you want it to do, get out, always secure profits regardless of position, can always add back if the trend continues, sympathy plays are never the same return as the 1st, dont get stuck, always look at the key levels, GME lesson, let others exhaust, just capture the meat of the move, you do not need the whole move, just take a piece, stay safe-thank you for everything :) have a great day and week

[@juval1794]

Learn a lot in this video specially on the short side that I need to master.

[@lynnstimler1857]

1：14 The key takeaway for me is how committed you are to being the best you can be at everything you do, including helping each of us to be successful. So grateful that you care what we comment, and that you care to share your insights on KZbin. Grateful for you.

[@daveshell7251]

3:01 surround yourself what what you need to hear. That’s why I’m with IU!!! I would be broke if not for you Nate!!!

[@eleon7228]

Ahaa moment: @ 44:00 A lot of people don't understand what they have until it's gone. Nate, please keep repeating this like a broken record because even when this is fresh on my mind when trading, I keep not taking profits when I should. Take profits and adjust accordingly is the name of the game right now.

[@TheGreenestOfTheGreen]

Last week showed me I need to tighten up my process. Your insta story about "what are your two favorite set ups" was a reality check that I need to zero in on those and ignore everything else at the moment.

[@lizborden5821]

I had my largest win this past week and biggest would be win which I struggled with. You’re only as good as your next trade.

[@iambun777]

Start watching at 5:00 exact quote from 5:30 (Watch out for) "Retail crowded names in a frothy market" Reminds me to be aware of what big money is doing so I don't stay going against them for too long. Better to ride the waves supported by the big guns.

[@moeelbasoni4893]

10:30 area is good. Happens to all of us. Just happened to me with FSR beat myself up even though I did good on UVXY. Next Reset Refocus.

[@Nktrading1]

11:00 Key takeaway: Don’t force it, take what ya market gives you.

[@kaebifan]

key takeaway= 18:43 black swan opportunity. as trading is game of probability, hence one homerun trade do not define you as trade but the base hit and at the same time if you catch one of this big move then expectation will be the same with every trade which is an emotion and will divert you from your process. so golden word '' next'' and follow the process.

[@tpmarkham]

My key takeaway even though you didn't say it, I know there are studying chartsand DD but there is still so much luck involved to getting that big score.

[@tenmike]

Thanks Nate.

[@megchung6812]

Thanks Nate

[@arksonephimmasane5134]

Thank you for sharing!

[@mikesamakundono]

Key take away - 36:27 "I care about the volume, liquidity, opportunity, range, and then I move on." As someone learning how to scan for stocks this is incredibly important!

[@amayaherman]

20:44 Don't underestimate the long side opportunity and don't underestimate the rebound!!!

[@yikestrader3333]

8:20 how to get over painful what if's, and losses. How to say NEXT so you are mentally ready for the next day's opportunities.

[@justinbarry1193]

10:20 Resetting, clearing energy and carrying on to the next with positivity is key. Moving to the 'next' with a chip on your shoulder has no value - might as well step away. We should be thankful of the opportunity to look for the 'next'

[@ParminderSingh-hi5cs]

19:35 , best part me and also thing I have been doing wrong, random stocks and random results, if you don’t have plan for a trade you gonna loose

[@peteytrades3938]

12:00 - 14:00 Huge takeaway for me. I've been setting my stops at exact prices give or take. I get chopped out of the position (under PDT), just to have my idea be correct shortly after. Also, taking profits if "it does what you expected it to do" is massive.

[@stevenlobao9199]

Biggest Takeaway 24:30 Moving on reminds from big losses/big win reminds me a lot of playing golf. In golf your next shots your best shot and you have to quickly move on from past wins/mistakes to continue success in the future

[@markomarkomark8512]

This guy is the bomb!

[@mv2612]

Key take away; lock profits when things go your way! I did do this, but not nearly enough on recent swings and I paid for it. Paper profit is just paper and can go away in a blink.

[@vytothedinotoyboy]

4:35 it’s about reviewing and making sure you have a process. PROCESS OVER PROFITS.

[@coachken6130]

I really appreciate the talk of key levels and looking left, but when going long on a momentum stock at 52-week highs in pre market, how much higher can it go? I've been taking some of the move in pre market because they always seem to fade at the open. And then someone sends out a press release around 9:30am and another stock is moving; and again at 12:30p. It's fun, but I always seem to miss the parabolic movers that run $5-10. Where do they come from?

[@joshualieberman1947]

What is the make/ model of your macro function keyboard? Great keystroke sound!

[@brandonhanna2770]

Hey Nate, would you ever go over your trading setup? Building a computer and it would help a ton. Thanks

[@nikolayivanov7125]

02:05 " THe more consistency you have in your life-the more consistent you will be as a trader!" 18:30 " ... You want to hold till 20, cuz the other ones done it... the you end up down."

[@angelacox8988]

13:00 When the position is doing well and what you thought, then cover some. Can always add back. (Gonna put this on my wall). Next - move on so don't effect future trades #SuckItUpCupcake. Guess I'm a TLRY investor. 26: 00Watchlist - zone in on few and focus on them. Can add alerts to others on list. 22:54 Look for first sign of weakness for opportunities. 29:43 Charts - Key levels, exhaustion, pattern recognition.

[@gtrdude6]

13.47 "If it does what you expect, take some profits." Profits when present. Pay yourself on the winners.

[@DekieG]

38:45 I would study this chart !!!! thats key

[@davidshauck3156]

15:00 min, when you size up a trade an think that shorts will get trapped at x level, how do you have hard data on the specific amounts of shorts that are currently sized in, it seems like a lot of the short % data seems to be updated on periodically, or do you just make that determination on if the stock is easy or hard to borrow?

[@Rock55olid]

Back in class. still on simulator,, TOS

[@claudng9025]

23:24 "these big names most times can't maintain a parabolic move because they're just too big...as they start to extend and extend, that first sign of weakness that stays heavy past 9:45-10AM is the day you're going to have those profit takers and locking in throughout the day" - on all day fade prediction.

[@trevor-999]

8:15 move on from the past because you cannot change it

[@armanyaseen213]

How do you select lot size when you dont have a stop price?

[@kevinburpee5139]

Key takeaway is to narrow focus on 3... maybe 4. Don’t jump around.

[@BrianBeard]

16:00 was given a second shot lol ...i botched GME twice ....to choppy...key take away for me right now...stay away from the shiny objects ...its not a process or something i can do well in over time

[@jazznola5419]

My key takeaway- @25:00 focus on next trade, next play, next game and next day

[@John-sn4hl]

That GME chart was artwork. Looked like a top 10 trade?

[@fmasri2000]

42:30 need to have a process. All it takes is one day and you give back all your wins

[@ivicamaric88]

2:45 Key takeaway ; Surrounding yourself with people who tell you the things YOU should hear. Confirming the idea.

[@Njliving22]

Can I please ask what kind of keyboard and mouse do u use

[@tinyboy2006]

🔥

[@chris52000]

13:00 When you have a position that does what you thought, scale down.

[@bmack9252]

same

[@fouzyouargli374]

hey, so did you ever get out of COUV ?

[@RS-qi2wx]

05:58

[@DTex20]

Next opportunity. 25:00 minute mark. Can't do anything about past mistakes. Next next next!

[@KuKoVisuals]

Reset ! and be prepare for either a potential rebound or more unwind !

[@d.francis3437]

Key takeaway - 10:24. Reset, refocus and don't let the negative energy overcome you. It can hurt you in later trades.

[@daveshell7251]

I know you say you the only way to learn tape is screen time. But what about some recordings of you interpreting tape like when you tell us “record that shit” in the room just before a huge trap or key levels crack.

[@thornyjo]

19:30 My key takeaway from your video is Random Stocks equals random results and know what you're trading or expect random results. Use patterns like you preach.

[@josephr2060]

38:40 Key Takeaway. Chart pattern recognition!

[@V8freaks]

39:05 How does he know the Short Interest Rate in the stock? Where did he get that information? Greetings, Marlon

[@zenherenow5834]

Never dwelling on the past, never skipping forward a week; it is always the next game

[@gdlinxx]

Key takeaway: not to dwell on past failures, learn from it and move on, also have a game plan for each direction the market moves.

[@lizborden5821]

10:00; 24:30 Trading Psychology - To be successful in this game, one must not only be able to recover from big losses but from big wins, even would be wins.

[@dreger3859]

So when it comes to true day trading, is the recommended capital $25k+? All these moves sound great, but it kills to have the pattern trading rule in place because you are below that amount. Newbie here by the way.

[@dreger3859]

@@benweiss5539 if I can ask a dumb question.. what do you mean by "trade A+ setups?"

[@MrDre6000]

12:00 "Let the trade work itself out. Think big picture, and adjust risk if the stock stops doing what I anticipated it to do"

[@Hankerkid]

5:02. Be careful sounding self with what you want to here. Easy with v social media these days

[@Quickbags]

Key takeaway: If a stock moves really quickly as you expected it to then lock some in

[@gtrdude6]

13:47

[@ronald_6D]

Let’s do the inflation math. How much money we have to spend in the US market in total: about $20 trillion How much money they spend now: lets round up to $2trillion

[@jessicapatrick5206]

The math is easy. IF we assume that ALL these money will be spent, but NONE of the businesses will expand to satisfy this increased demand, THEN we have 10% more money competing for the same amount of products and services. This means 10% inflation as WORST CASE. This is total excess inflation, not per year. Not the end of the world, we can manage it.

[@aaronnolting2924]

key take away: everyday life bleeds into trading

[@navepuiple3909]

6:31 - "All I'm interested in is the short term opportunity in the name" Have to let the price action tell you a direction and not let your bias get in front of your decision making. Thanks for the scan! kzbin.info/www/bejne/oYGTeIehlM5grJY

[@velcrosky]

Key takeaway: Process, process, process.

[@Renegade033]

19:20 Dont just trade random stuff, you will get random results.

[@r.h.9745]

16:10 $GME is not a process. If you are lucky enough to capture a big move in this black swan event, take some profit. Don't try to be a hero.

[@kylewonner6856]

You only need to get rich once 19.29

[@nickthewinner2194]

Key takeaway: you.only.need.to.get.rich.once.

[@AN63L0FDEATH]

Karma is a terrible thing haha