Clean & Simple Charts with Patrick Walker, Ep # 75
How To Trade It: Trader Insight from Profitable Traders
English - August 26, 2021 11:00 - 1 hour - 43.1 MB - ★★★★★ - 15 ratingsInvesting Business News Business News investing trading finance stocks stock market cash flow markets retirement crypto forex Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Patrick Walker is the co-founder of Mission Winners. He loves to learn. And thankfully, he loves to teach as well. He’s taught on the university level, led youth groups & scouts, and even trained others in outdoor survival skills. In this episode of How To Trade It, Pat shares some personal stories of growth, walks us through how he survived downturns in the market, gives credit to those who have taught him all that he knows, and so much more. You don’t want to miss it!
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You’ll want to hear this episode if you are interested in…
[02:45] How outdoor survival skills translate to the investing world [11:56] What you need to know to get started investing in the market[17:20] Focusing on chart patterns that everyone can see[18:40] The two types of capital to protect[23:40] Focusing on these three moving averages[31:40] How to stack the deck in your favor[38:47] Things to look for before exiting[43:50] Mission Winners and how to get in touchOutdoor Survival
Patrick is big on discipline. When he taught outdoor survival skills at high elevations, he used an, “If this...then that” approach. You need to know what “that” is before you can do it because quite literally your life may depend upon it. While your physical life isn’t on the line, the same principle applies when investing in your financial future. Pat tries to make his teachings fun and delivers them in digestible pieces. Hey, don’t forget your whistle!
Moving Averages
Patrick strives to buy right, so he likes to look for a clean and simple base that everyone can see. When the volume pushes through, you ride it as long as you can. If there is no volume, it’s a red flag not to BUY. Pat is a fan of these MAs:
8-period exponential moving average21-day exponential moving average50-day moving averageGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.
This is how traders and investors excel.
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