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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! Stacking the deck in your favor is a no-brainer for @PatrickWalker56. Join us on this episode of How To Trade It to find out just what that looks like. #Stocks #Investing #StockMarket #MovingAverages Click To Tweet

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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 touch

Outdoor 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:

  1. 8-period exponential moving average
  2. 21-day exponential moving average
  3. 50-day moving average

  Stacking the Deck

Patrick believes that you should look at technical analysis (price, volume, MAs, etc.) as well as company health before choosing a stock.  Looking at both of those things stacks the deck in your favor.  According to research, 85-88% of all stocks that make monster moves have earnings that grow 40% or more.  And, 86% of these monster movers have average sales that are up 40% or more over the previous two quarters.  Pat also looks at composite ratings, number of daily trades, Top 40 industry groups, and accumulation distribution when seeking a company to get behind.  Technical and fundamental analysis work well together.    

Before 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 Walker
  • How to Make Money in Stocks by Bill O’Neil
  • Think and Trade Like a Champion by Mark Minervini
  • Market Wizards by Jack D. Schwager
  • Ed Seykota

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.