Welcome to my blog!

I've worn many hats during my entrepreneurial journey, including writing and creating whiteboard videos, marketing, investor relations (Blurbeo), owning and managing my own vapor pen brand (TouchESubject), servicing the real estate market and other clients as the CEO of Puget Sound Field Inspections, founded CLV Investments LLC, and currently holding a position with Byte Me LLC as a Digital Marketing Consultant.

This blog was originally started as a way for me to track my progress in trading stocks, but it's has since morphed into much more. I now use it as a window into what I'm doing to reach my goal of financial freedom. You're going to see what I'm doing to create multiple streams of income, articles and interviews that are business related or featuring other entrepreneurs, and most importantly you're going to get to know me and hopefully I can inspire you to pursue your own dreams

I'm a very driven individual with a passion for customer service and improving our communities.

Please feel free to connect. I'd love to do business with you.

Wednesday, April 20, 2016

(HTMM) Vid 3 Overview

Chapter 3 is now under my belt with four legal size pages of notes to prove it. As with videos 1 and 2 I'm going to give this one a title... in fact, I'm going to do this for every video/chapter. So here it is, "Freaky Fridays and a Little R&R"

Tim picked up with chart types and explained that he uses the candle stick chart, which makes total sense to me, they are very easy to follow and see patterns with.

I like to include a couple of indicators such as the MAC-D and Awesome Oscillator but Tim mentions that he doesn't tend to use indicators and likes to go off of price action and a volume.

He looks to buy breakouts after previous highs and I'm assuming that the reverse would be true with breakdowns after previous lows if he's planning a short trade.

Chasing a stock is never a good idea (guilty on more than one occasion) and Tim explains that he'll look to buy on day one or two of the news that is pushing the stock, but warned against buying on rumors. You should be looking for legitimate catalysts like news articles, press releases, and FCC filings.

Tim then went into sharing a couple of major trades and explained that buying on a Friday near the EOD and selling on the following Monday can be very lucrative... so long as you take into account a few things

  1. Up trending into the EOD with new highs
  2. New news or possible news that will be published over the weekend.
This is the "Freaky Friday" part of the title. He explained that Fridays are special because of the possible gains the following Monday due to less experienced traders that bite at the hype over the weekend and the short sellers who missed out of Friday and look to exit on Monday.

There were several tips sprinkled throughout the video with CUT LOSSES QUICKLY as the #1. Others included locking in profits, price action is always paramount, learn from your mistakes and being grateful for being on the right track, selling into big run ups to avoid getting caught holding the bag, hope is not a strategy, you don't have to be 1st to win, and more.

Towards the end of the video Tim talked about how to set you position size, and explained how to ensure that you have a least a 3:1 risk to reward ratio and mentioned that 5:1 and 6:1 are ideal. He never suggests going "all in" no matter what size of an account your trading with but did acknowledge that smaller accounts do need to be more aggressive and suggested position sizes that are roughly 20% to 40% of the account size, but never more.

It will take longer than if you were going all in or higher than 40% per trade, but Tim is right, the risk of blowing up isn't worth it. Not to mention that even though your gains will seem small at first, you will be taking advantage of "Compounding" and as you trade and win, that 20% or 40% you're trading with is going to increase in size and so is your gains.

I think one of the most important parts to video 3 that really hit me was when Tim said this, "You can't always judge the value of a trade by the outcome, sometimes you get lucky." meaning that if you are breaking your rules, eventually like a casino the house always wins and you're going to blow up.

Hope these footnotes are helpful for those who are reading them. There is always more I could add but you really need to do the work yourself to learn :)

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