Smarter Trading

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


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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.

Key learning points

  • Why taking care of yourself is so important to successful trading
  • Why 5 minute charts are so dangerous
  • MAXLIST stocks and the key criteria traders should look for
  • The advantages of focusing on price and volume as key criteria
  • Limiting your losses is essential to survive as a trader
  • Learn more & connect with Patrick

    • Follow Patrick here
    • Visit Patrick's website here
    • Learn more & connect with Evan & the Trade Risk

      • Browse the Smarter Trading podcast catalog for this episode's show notes and check out past guests
      • Watch this episode live on our YouTube channel
      • Follow @evanmedeiros on Twitter
      • Follow @TheTradeRisk on Twitter
      • Join the Trade Risk's weekly newsletter
      • Show Notes
        0:00 Introduction
        4:10 How Patrick got started in markets
        7:40 How Patrick sidestepped the 1987 crash
        10:00 Trading under pressure
        11:15 Take care of yourself mentally, physically
        13:20 Limit risk to be successful
        13:50 Focus on a stocks price and volume
        17:05 Don’t get wrapped up in day trading
        18:05 Combine simple technicals with fundamentals
        19:25 Winning stock criteria
        21:00 Focus on the longer term
        21:50 Sell partial profits into strength
        26:45 Max list stocks
        29:40 ETFs Patrick likes to trade
        31:50 How to let winning stocks run
        37:00 Don't impose your will on stocks
        41:10 What does successful trading look like
        46:50 Limit your losses
        50:00 Final advice and words
        52:40 Where to find Patrick

        If you enjoyed this week's episode, we would really appreciate a rating and review on Apple Podcasts so that we can reach more traders and bring on more great guests.

        Please keep in mind, all opinions expressed by guests are solely their own opinions and do not reflect the opinion of Evan or the Trade Risk. This podcast is for informational purposes only. Please review our complete disclaimer which applies to the contents of this podcast.

        Thanks for listening!

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