During my Trading Challenge webinar on Friday I got a whole slew of questions from someone.
Questions that almost made sense.
Except that there was always some piece of the puzzle missing.
For example…
“Should I stop buying the first apparent support? Instead, wait for the flush?”
It’s not uncommon for students to ask very general questions like that in the beginning.
But too often, someone who has been around a while keeps asking the same questions.
Why?
Because they’re trying to skip part of the process.
So, from now on, instead of taking random trades on random stocks…
Do THIS before every trade…
Table of Contents
The Trader Checklist Calculator
Once upon a time we called this the Sykes Sliding Scale. I didn’t really like that name.
But the calculator is an EXCELLENT tool new traders can use to “pre-grade” a trade.
You can access the Trader Checklist Calculator here.
It’s easy to use, and it’s FREE.
Most importantly, it is a way to train your brain to think through each aspect of a trade before you risk your money.
Fair warning, at first it takes a little longer. You might even miss a trade because a stock moves too fast.
But if you use the calculator when you’re making your watchlist, it can help you get clarity about whether a stock is even worth watching (let alone trading).
How To Use The Trader Checklist Calculator
Successsful trading is like a moving target. You have to picture all this different stuff.
You can’t just say “Should I buy this? Should I sell that?”
There are multiple indicators. What are those multiple indicators saying about the stock?
So, for the Trader Checklist Calculator, there are seven indicators. Briefly, they are:
- Pattern/Price
- Risk/Reward
- Ease of Entry/Exit
- Past Performance/History of Spiking
- At What Time/Personal Schedule
- Reason/Catalyst
- Market Environment
I go over all seven indicators in more detail here:
Penny Stock Trading Basics: Learn the Sykes Sliding Scale
But that isn’t the only resource for you.
In fact, almost a decade ago I recorded a 12-hour guide called Trader Checklist and it is available to you for FREE.
I can already hear people saying “But Tim, you recorded that in 2017… how is it relevant to today?”
Do You Make This Mistake In Trading?
If you have that reaction, you are not alone. It’s common.
A lot of people think that my old DVDs and guides are irrelevant.
Frankly, that’s just dumb.
I’ve been trading the same patterns for over 20 years. Of course, the market shifts and changes.
You MUST adapt.
But that is EXACTLY the point of The Trader Checklist and the Trader Checklist Calculator.
Remember…
Every Play Is Unique
The market is unique, The sectors are unique. The time of day is unique.
You have to consider all of this. I know you don’t want to, because it’s a lot of work.
But guess what?
The market doesn’t care what you want.
More importantly…
Once you learn to think through the process, it will become almost intuitive.
In fact, when I came up with the calculator it was already ingrained.
I literally took a step back and asked myself, “What are all the things I think about before I trade?
I had to do that to become a better teacher.
So, do not miss out on this opportunity. Go through the Trader Checklist guide. And do it ahead of time, before you attend my…
Millionaire Formula Conference
It’s happening again this Friday and Saturday, July 24th and 25th.
Imagine how clued-in you’ll be when you go through the Trader Checklist Guide first, and THEN join the FREE two-day bootcamp.
Register now…
Discover the Battle-Tested Trading Formula That 50
Everyday People Have Used To Crush the Markets
On My Radar
There are SO many imposters on X/Twitter. It’s like I have to come back and repeat this every six weeks.
If you ever think you’re DMing with me, or think we’re having a side conversation or private conversation, we’re not.
That goes for X or any other social media.
If you get contacted by someone claiming to be me, please report the scammer.
The ONLY time I converse with students is on Trading Challenge webinars or Inner Circle meetups.
I know some people have been fooled…
“Oh, I’m special, I’m talking with Tim on WhatsApp…”
No. You’re not talking to me, you’re talking to one of my many imposters.
Study HARD!
Anyone who says trading is easy or you’ll “get it” right away is a liar (it takes time and effort).
But if you can be meticulous with EVERY part of it…
From learning to make a watchlist, to testing patterns, to understanding the overall market…
You give yourself a MUCH better chance to succeed.
Do NOT try to cut corners.
Use the Trader Checklist Calculator to figure out whether a stock is worth your time and hard-earned money.
And watch the free guide.
Cheers,
– Tim Sykes
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