Patrick Walker — Quit day trading! Focus on price, volume, & daily charts

Smarter Trading

Apr 23 2021 • 55 mins

Patrick Walker joins us in Episode 1 of Smarter Trading to share his 30+ years of insights as a technical trader in the stock market.

Key learning points

  • Why taking care of yourself is so important to successful trading
  • Why 5 minute charts are so dangerous
  • MAXLIST stocks and the key criteria traders should look for
  • The advantages of focusing on price and volume as key criteria
  • Limiting your losses is essential to survive as a trader

Learn more & connect with Patrick

  • Follow Patrick here
  • Visit Patrick's website here

Learn more & connect with Evan & the Trade Risk

Show Notes
0:00 Introduction
4:10 How Patrick got started in markets
7:40 How Patrick sidestepped the 1987 crash
10:00 Trading under pressure
11:15 Take care of yourself mentally, physically
13:20 Limit risk to be successful
13:50 Focus on a stocks price and volume
17:05 Don’t get wrapped up in day trading
18:05 Combine simple technicals with fundamentals
19:25 Winning stock criteria
21:00 Focus on the longer term
21:50 Sell partial profits into strength
26:45 Max list stocks
29:40 ETFs Patrick likes to trade
31:50 How to let winning stocks run
37:00 Don't impose your will on stocks
41:10 What does successful trading look like
46:50 Limit your losses
50:00 Final advice and words
52:40 Where to find Patrick

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