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(Re-Aire) Clean & Simple Charts with Patrick Walker, Ep #122
• 60 minPatrick 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! Subscribe to How To Trade It 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 averageBefore leaving a trade When asked what he does during a bear market, Patrick answered with a resounding...I’m OUT! “When we accept the fact that we don’t know the future, we see the future much clearer.” When you start losing the 21-day, and you start losing on the 50-day, and you start to see it rolling over on increasing volume...it’s time to get out. It is what it is. You have to learn to believe in what you see on the charts. Resources & People Mentioned Get FREE training from Patrick WalkerHow to Make Money in Stocks by Bill O’NeilThink and Trade Like a Champion by Mark MinerviniMarket Wizards by Jack D. SchwagerEd SeykotaConnect with Patrick Walker Website: The Physician Syndicate: Angel Investing | Venture Capital | Startups | Personal FinanceThe Physician Syndicate Podcast: A podcast for physicians to jump into the startup world. Listen on: Apple Podcasts Spotify Support the showConnect with Casey: LinkedIn: https://www.linkedin.com/in/caseystubbs Twitter: https://twitter.com/caseystubbs316 TradingStrategyGuides.com: https://www.tradingstrategyguides.com/ Email: info@tradingstrategyguides.com
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