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

<p>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.</p> <p><strong>Key learning points</strong></p> <ul style="list-style-type: disc;"> <li>Why taking care of yourself is so important to successful trading</li> <li>Why 5 minute charts are so dangerous</li> <li>MAXLIST stocks and the key criteria traders should look for</li> <li>The advantages of focusing on price and volume as key criteria</li> <li>Limiting your losses is essential to survive as a trader</li> </ul> <p><strong>Learn more &amp; connect with Patrick</strong></p> <ul> <li>Follow Patrick <a href="https://www.twitter.com/PatrickWalker56">here</a></li> <li>Visit Patrick's website <a href="https://missionwinners.com/">here</a></li> </ul> <p><strong>Learn more &amp; connect with Evan &amp; the Trade Risk</strong></p> <ul> <li>Browse the <a href="https://www.thetraderisk.com/smarter-trading-podcast">Smarter Trading podcast catalog</a>&nbsp;for this episode's show notes and check out past guests</li> <li>Watch this episode live on our <a href="https://www.youtube.com/thetraderisk">YouTube</a> channel</li> <li>Follow <a href="https://twitter.com/EvanMedeiros">@evanmedeiros</a> on Twitter</li> <li>Follow <a href="https://twitter.com/thetraderisk">@TheTradeRisk</a> on Twitter</li> <li>Join the <a href="https://www.thetraderisk.com/trading-newsletter/">Trade Risk's weekly newsletter</a></li> </ul> <p><strong>Show Notes</strong><br />0:00 Introduction<br />4:10 How Patrick got started in markets<br />7:40 How Patrick sidestepped the 1987 crash<br />10:00 Trading under pressure<br />11:15 Take care of yourself mentally, physically<br />13:20 Limit risk to be successful<br />13:50 Focus on a stocks price and volume<br />17:05 Don&rsquo;t get wrapped up in day trading<br />18:05 Combine simple technicals with fundamentals<br />19:25 Winning stock criteria<br />21:00 Focus on the longer term<br />21:50 Sell partial profits into strength<br />26