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

Smarter Trading Podcast Episode 1

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.

About Patrick Walker

Patrick is the founder of Mission Winners. He has had the privilege of meeting and learning from legendary traders like: Martin Zweig, Bill O’ Neil, and Ed Seykota. He was an IBD Meetup co-leader and most importantly, he is a family man, happily married with 4 kids.

In Patrick’s own words, “My trading and approach to investing is “stolen.” It’s taken from the greats. I’ve tweaked and fine-tuned it over the years. Nevertheless, I owe much to all of them. I love to learn. Love to teach. Love to inspire. Love to help. That is why I’m here.”

Watch the interview in video here

Key episode 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

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Episode timestamps

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
53:48 Extended cut Patrick in the 1990s
55:10 Bill O’Neil from IBD
56:05 Charts on graph paper
59:50 Stock setup in ZIM
1:03:39 Stock setup in GOOGL

Highlight clip: How to ride winning stocks for large gains

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