Qullamaggie Swing Trading School — Transcript

Qullamaggie Swing Trading School teaches stock scanning and setup identification for swing trading success.

Key Takeaways

  • Use multiple scans over different time frames to identify potential swing trades.
  • Focus on setups with clear consolidation patterns, higher lows, and high-volume breakouts.
  • Avoid trading near earnings announcements to minimize risk.
  • Rely on simple indicators like the 10-day, 20-day, and 50-day moving averages.
  • Market conditions greatly influence the success of swing trading strategies.

Summary

  • The video covers swing trading strategies focusing on scanning stocks based on gainers over different time frames.
  • It emphasizes using three scans: one-month, three-month, and six-month gainers to find potential trades.
  • The instructor reviews specific stock setups, explaining what makes a good or bad setup using moving averages and volume.
  • Key setups include big moves followed by sideways consolidation, building higher lows, and breakouts on high volume.
  • The video highlights the importance of using only three moving averages as indicators for swing trading.
  • It advises avoiding buying stocks near earnings announcements to reduce risk.
  • Several real stock examples are analyzed, showing both successful and unsuccessful setups.
  • The instructor shares personal trading experiences, including losses and lessons learned.
  • The video also touches on market conditions and how they affect swing trading opportunities.
  • Viewers are encouraged to memorize key setups and use volume and price action as primary tools.

Chapters

  1. 00:00Introduction and casual chat
  2. 00:13Scanning stocks for swing trading
  3. 12:41Analyzing specific stock setups
  4. 25:27Using moving averages and volume for setups
  5. 39:15Avoiding earnings and risk management
  6. 58:15Personal trading experiences and lessons
  7. 92:12Market conditions and strategy adaptation
  8. 130:11Summary of key setups and final advice

Full Transcript — Download SRT & Markdown

00:13
Speaker A
Do you trade in your underwear? Uh, during summer all the time? Can you get some relationship advice?
00:32
Speaker A
Yeah, you can get some relationship advice. Have I kind of a relationship question but more out of curiosity? Have you noticed more female interest
00:55
Speaker A
since becoming rich? Not saying girls are gold diggers. Obviously, with money come status, respect, and safety.
01:25
Speaker A
Well, like, I really haven't left Mom's basement, like, for, like, I take out the garbage and stuff like that and I go
01:43
Speaker A
upstairs to bring food down, but like, I rarely leave Mom's basement, so I really don't meet a lot of girls, so I can't really say
01:55
Speaker A
that I've noticed more female interest. Hey Chris, can you sing [ __ ] you?
02:17
Speaker A
David, that's the swing trading school here. So, as you know, I recommend you do three scans: a one-month gainer scan, three-month gainer scan, and a six-month gainer scan.
02:45
Speaker A
Let's just do a six-month gainer scan. Like most of you have smaller accounts, so what I'm going to do is, like, let's see if I just do this scan right now, I get 13 stocks. These are all mostly large-cap stocks, not all of them, and they're very liquid. These are some
03:00
Speaker A
of the most liquid stocks, but the ADR criteria is only 3.5%. But if I decrease the volume, let's do $10 million. Oh, sorry, wait, wait, wait, I'm going to cancel it. Let's do $20 million in dollar
03:24
Speaker A
volume. So I'll change it from 80 million to 20 million. How many scan results do I get? 23. Okay, okay. [Music] 23. So let's increase the ADR to 5% now. Now it's early in the day, like,
03:43
Speaker A
after the close, there's probably going to be, I don't know, 60, 70, 80 results in this. You know what, let's do it like this: let's decrease it to 10 million just so we can get and increase
04:01
Speaker A
this to 6%. 27. You know what, I'll decrease, I'll decrease it to 5 million just so we can get a few more results. I want like 50 results or something. Okay, 47. So these are the biggest gainers over
04:13
Speaker A
the past 6 months. So what we're going to do, this mRNA is kind of breaking down. It's a COVID-19 leading stock. Inno is another one trying to break down. All right, let's not focus on that. So let's just start
04:28
Speaker A
in alphabetical order. ACMR, so this is one of the biggest gainers for the past six months. Just like, let's look at setups. Okay, like this was a no point. It's not really that good of a setup.
04:41
Speaker A
Like it worked in hindsight, but I don't know if it was like, it wasn't, if it had gone sideways a few more days, that would have been a good setup, but this was a hard to identify
04:57
Speaker A
setup. Let's look at more setups. It did have a decent, like, this was a good setup right here on this day here. It made a big move, pulled back, went sideways, started building higher lows, and then it had a breakout here.
05:13
Speaker A
But this breakout didn't have much follow-through. You would have sold, you know, after 3 to 5 days. You sell a third to half of your shares and then you move your stop to break even and then use the
05:36
Speaker A
10-day moving average as your trading stops. So this would have been a small gainer, probably, but it didn't really have much follow-through.
05:52
Speaker A
It didn't really have that many good setups. Like, this has been a little bit of a choppy one. Yeah, so there are no good setups. On some stocks, you don't get good setups; they just kind of choppy and they go higher anyways. Like, this is a five, this is like a five and a half star
06:07
Speaker A
setup on a six-star on a five-star scale. Okay, this is such a good one, such a good one. Memorize this setup: makes a big move, goes sideways, touches the 20-day, and then it kind of loses the 20-day here but
06:19
Speaker A
it's still building higher lows and then you have this tight range that breaks and a high-volume breakout. ARCT, another one. I know I've been long on this year but I don't remember when. This is another one. It's
06:40
Speaker A
kind of tricky. There's kind of no setups on it, not the type of setups we are looking for. Potentially this would have been a setup. Okay, this would have been a setup. Okay, this would have been a setup.
06:59
Speaker A
It makes a big move, serves the 10-day, goes, builds higher lows, takes out this range, and it has a narrow candle before the breakout day and then breaks out on high volume. It closes kind of weak but it
07:13
Speaker A
does have some follow-through, but it wouldn't have been a big winner. BLNK, this could have been a potential setup, not really that good but yeah. But it is setting up in
07:30
Speaker A
maybe 2-3 days. If we can go sideways a bit more at the 10-day catch up, there could be a setup on this one. CAR, this is another one. There's really no good setups on this thing. Okay, there's a potential setup
07:45
Speaker A
here. So what this does is makes a big, big move, pulls back, and it kind of goes sideways for a couple of months. And as you've been taught,
08:06
Speaker A
you know what, let's look at this thing on the swing trading school setup because here is, there's only three moving averages. These are the only indicators you should be using. So this is what it does: it kind of starts building higher lows, it gets
08:25
Speaker A
tighter in a range and it bounces. This is the first bounce of the 50-day moving average. It undercuts it, builds a range, tight range, and then it has a breakout day. So this is a potential setup. Like
08:42
Speaker A
anytime you have a clean bounce of one of these three moving averages, that's a good setup, that's a nice thing. CAR, let's do CBAY. Another one, not really any setups here. This thing just moves in gaps.
08:57
Speaker A
CDE, I don't see any good setups on this one. SELH, this one has a couple of good setups, like one is right here on this day here. Makes a big move, serves on the 10 and 20-day moving averages, starts
09:13
Speaker A
building higher lows off the 20, takes out this tight range. This is a nice little high tight flag and then there is a potential setup here. Like this is a five-star setup. This would be maybe a three-star setup. I
09:29
Speaker A
would have preferred a few more days of sideways but it keeps building these higher lows, has two tight candles, and then it has a breakout day here. And then there's actually a good setup here. This is like, I would
09:42
Speaker A
recommend everyone puts earnings as somewhere on their charts. Next earnings, you do edit toolbar, right click edit toolbar, and then you click the plus icon and then you look at next earnings and you add it. And I would recommend you
09:59
Speaker A
never buy stocks like, let's say, within 3 days of earnings or within a couple of days of earnings. Like this is a very good looking setup. This is like a four and a half star setup. Look at how cleanly it bounces off
10:16
Speaker A
the 20-day and then it has this tight range here, just keeps building higher lows. This is a very good setup but it's a day before earnings. You shouldn't have bought it but it's a good setup, right? If it hadn't reported earnings this day, you
10:35
Speaker A
know, you should have bought it. CLSK, another one. It kind of, this is a maybe setup. Makes a big move, pulls back, goes sideways, starts building higher lows off the 10-day and has a range here and then it has a
10:51
Speaker A
breakout. So that's, you know, it's actually a pretty decent setup. I would have preferred if this day had been a tight range day instead of a wide range day but, you know, it's, you know, it was a decent setup.
11:11
Speaker A
CODEX, now this one has several perfect setups, several of them I've traded. Like this down here, this is a six-star setup on a five-star scale. Oh God, God damn TC2000 is sometimes really annoying. This is a really good setup.
11:29
Speaker A
Makes a big move, it is kind of choppy in this range but it gets tighter and tighter, builds higher lows, starts going from surfing the 10-day moving average to surfing the 20, builds higher lows, has this range that gets tighter and tighter,
11:45
Speaker A
has a really narrow range day the day before breakout and then it breaks out on high volume. That's, you know, that's just a perfect, perfect setup. Then it has another good one here. It's a little, like, it has this,
11:58
Speaker A
this one I traded too. I would have preferred if this was a tight range day but, you know, sometimes, you know, it's like a high tight flag, makes a big move, bounces off the 50-day. Look, if it serves the 50-day then it
12:10
Speaker A
starts surfing the 10 and 20-day.
12:22
Speaker A
of weeks uh carvana let's see I need to get back to my own trading RCL yeah Cruise Line and airlines are they just keep going higher carvana had several or at least yeah at least two really good setups one was here again Big
12:41
Speaker A
Move serves the 20 days starts getting Tighter and Tighter builds a range higher lows gets you know three tight range candles and then a breakout and look at this thing this makes a huge move 300% move and then it
12:56
Speaker A
breaks out you want to be in the like fastest moving stocks okay someone mentioned Ericson okay this is [ __ ] okay this is [ __ ] like if this was a high ADR stock like that that would have been a
13:17
Speaker A
good setup but you know it doesn't matter how nice it looks if it's a low ADR stock it's [ __ ] you shouldn't be trading trading this thing you should never trade [ __ ] look low ADR is equal to
13:33
Speaker A
[ __ ] High ADR is equal to gold and here's another good setup like this is the same theme like a big move pullback or sideways consolidation and then it you know it start you know the stock starts finding support and starts
13:51
Speaker A
surfing one of the moving averages it could be the 10 day could be the 20day could be the 50 day and many times it's a combination of over two of them like usually the 10 and 20 and then it gets
14:03
Speaker A
Tighter and then it breaks out of that range it's just the same theme over and this is how stocks move okay this is this is how stocks have moved over the past 100 years okay you can go back and
14:15
Speaker A
look at shorts from the 20s from the 50s from the 80s from the '90s this is how stocks move okay you do the same thing over and over again you just need to memorize these patterns cwh this one had a I guess an okay setup
14:36
Speaker A
here I would have preferred maybe a bit more sideways um it wasn't really that obvious of a setup but it served the 20-day nicely had a nice you know started building a range here um but yeah I would have prefer a
14:54
Speaker A
bit more sideways it wasn't that clean it was a Cesar here I see a really good setup up back in April this is a good setup this thing makes a big move okay goes up 100 it goes up more
15:08
Speaker A
than 200% pulls back finds support on the rising 20day builds a tight range and then it has a high volume breakout this is like a five star setup memorize this this is where you this is where millions are made
15:28
Speaker A
guys and then you can just use the trailing 10day moving average like okay so I I know I advocate like sell uh 1/3 to half after 3 to 5 days and then move your stop to break even and then sell
15:45
Speaker A
the rest once you get the first close below the 10day but there are like sometimes the stock can close the below the 10day but you can still keep it and I'll show you the example when like this is a
15:58
Speaker A
good example Le so you would you would have sold 1/3 to half on any of these days here and then like on this day closed above the 10 day next day or actually you would have gotten stopped out of it
16:15
Speaker A
uh never mind it wasn't a good example I'll try to find never forget what I said I'll I'll find try to find a better example uh uh every I don't see any good setups on this thing xbi like this one already marked it like
16:35
Speaker A
I told this this one very good setup this one too very good setup fastly five star setup right here right here Fiverr you had a great setup here or already this was like a decent setup you had a great setup this is a
16:56
Speaker A
five star setup and then you had the okay setup here here HL um you had there was a decent setup on it last week right here um IB iio is a bit tricky like there was a good setup here uh like this stock
17:18
Speaker A
actually broke out late day it gapped up and then it went sideways for most of the day you can see it on the 60-minute chart this thing was didn't take like it it the two 258 was the highest of the
17:31
Speaker A
day until late day when it broke out on high volume so 258 like this was a decent setup actually it was a better setup here this is a good good setup right here but there was a secondary setup
17:48
Speaker A
here before it made this big move idex yeah there could been could have been a setup here before it made a big move I and know had some some good setups I know I did trade it on this day
18:10
Speaker A
here when it took out the highs of the day late day but it's a variation of a setup here was a really good setup uh but it didn't have any follow through um here was a really good setup look at
18:25
Speaker A
this thing makes a big move pulls back find support on the 20day builds High lows and has this tight range and then it breaks out five star setup and then here yeah here was also a setup the first bounce of the 50 day
18:43
Speaker A
build some tight candles and then it has a a breakout candle from that range again you know you you need to find a stock that makes a big move then pulls back and or goes sideways for a while finds support on either the 10 the
19:01
Speaker A
20 or the 50-day moving averages you know bounce and you know starts either building higher lows like here or has like an undercut and reclaim like here and then you know breaks out of a tight multi-day or multi-week range like it's the same
19:18
Speaker A
setup at variation of that setup over and over again um here like here was a maybe setup I would have preferred maybe a bit more more sideways uh Kodak up there Leong go had many you know I've traded this thing
19:37
Speaker A
this thing has been my biggest one of my biggest winners this year here was a good setup here was a good setup like here was a good setup but it would have stopped you out the next day and that's
19:47
Speaker A
exactly what happened to me um and here was okay setup wasn't um but here this was a really good setup and I I traded this one and there was also a really good setup right here uh let's see now things are
20:06
Speaker A
triggering what's trigger an SG or I'm intrigued by this spbg just coming out of a low range they had some news with Amazon uh they have earnings after hours but I don't think it matters to be honest this is another type of trade you
20:28
Speaker A
know you shouldn't you know do this trade it's just a variation of things I do uh 66 oh [ __ ] I just bought 31,000 shares of this thing but again this thing could G down to 6 60 bucks after hours they have
21:02
Speaker A
earnings but I'm thinking all of these like uh bottom bottom stocks are going all gas names uh Cruise Lines Airlines like this is just like sector momentum and this thing like on the weekly shart it looks pretty good we
21:20
Speaker A
been building higher lows and has this tight tight range again this is not what I'm trying to teach you it's just the variation of the same thing but you should focus on the ones that bounce of the 10
21:33
Speaker A
2050 uh Mara not really nothing here Mark uh Mark had a really good setup right here really good setup MCB oh [ __ ] what a big move it's wow this thing is up 600% today holy [ __ ]
21:52
Speaker A
and my k h okay here it had a pretty decent setup or not I don't okay setup I guess here it was a bit sluggish but you know this is an okay setup metad [Music] door no NLS said several good setups
22:21
Speaker A
right here right here and right here these are really good setups envac set a perfect setup right here and if you would have followed the sell rules you would have sold uh a third to half of your shares on one of
22:38
Speaker A
these days here and you would still be in the stock okay you would be up 260% on the rest of your position the other half or 2/3 because it hasn't closed below the 10 day as since and this is why I advocate you know
23:03
Speaker A
trailing some of your shares on on the 10 day because sometimes you can catch something like this and these things are really going to add to the bottom line in your accounts you know you catch a few of these now and then oh
23:19
Speaker A
man these are the ones that are going to grow your accounts exponentially opk this one I almost traded I I I didn't pull the trigger um it wasn't that clean of a setup um was a bit shoppy but it was kind of you know
23:36
Speaker A
surfing the 20day then it started kind of Surfing the 50 day it built higher lows for several months and then it started getting Tighter and this is a covid-19 stock so when you have sector momentum like if it's a leading
23:50
Speaker A
sector the setup doesn't have to be like really really good it's okay if it's like a three and half four star setup up it still counts like a festar setup because if if everything is running in a sector you know there is increased
24:07
Speaker A
probability of success so this was a pretty decent setup if you put it in context that it's uh you know at the strongest stock sector in the stock market for the past 3 4 months here's another this is a five star setup this
24:21
Speaker A
is like really perfect setup and now it's going sideways like it had a good setup here to a couple of days ago uh looks like you know so far it hasn't had much follow through but in a few days with a 20day catches up it's
24:38
Speaker A
building higher lows had us a range here this could be a setup later this week over stock this thing had some really good setups along the way this is a really good setup and this is a really good
24:55
Speaker A
setup and you would still be in it because it hasn't closed if you bought if you bought it here you would still be in it because it hasn't closed below the 10day moving average since I'm telling you catch some what
25:08
Speaker A
you know you you know you catch some of these moves you know this thing's up 300% from this trigger right here 300% you catch these kinds of Trades now and then these are the ones that are going to grow your
25:27
Speaker A
accounts pen had a really good setup here unfortunately didn't have much follow through then it had a good setup here too but it you know it would have stopped you out and here it was kind of a decent
25:43
Speaker A
setup like what it did you know made a big move went sideways bounced off the 50 days built higher lows off the 50 day and then it kind of gapped up and took out this big range here so it's not as
25:56
Speaker A
obvious of a setup but there there is a setup here uh but it may not have been that clean of a setup and there there was like a secondary setup here but that would have stopped you out because you
26:07
Speaker A
know this stay here it would have stopped you out uh plug really good setup right here like sometimes you know stocks Gap up over the like entry um but you can still have a tight stop on it if you do
26:24
Speaker A
it like opening range highs if you if you are you know ready to buy opening range highs uh prty I don't see any good setups here Pac N I don't really see any good setups here red fin uh maybe yeah this one was yeah this
26:48
Speaker A
here could be like okay setup not really that obvious but and then here too wasn't like you know maybe setup uh you know it it just you know built higher lows and then it had like four tight candles and took out this
27:14
Speaker A
range but these are not like perfect setups rrc RC no it's not really it's a sluggish one run run had a decent setup here I would have prer a few more days of sideways personally but you know you you got the a clean bounce of
27:35
Speaker A
the rising 20day this is like a big momentum leader srn well this one I'm mean I traded it here I traded it here on this entry here I unfortunately didn't follow my uh sell rules and it wasn't a five
27:52
Speaker A
star setup it was more of a sluggish name it had been gone sideways for a bit too long but here this is a five star setup I'm still in it like quarter or fifth of my shares um it's a double now from entry
28:05
Speaker A
like this is a perfect looking setup higher lows keeps surfing the 20day and then it starts getting really tight and has a breakout there svm no like this was a decent setup and here was a good setup trvn has always been shoy one tto
28:29
Speaker A
this is actually pretty decent setup if you were ready to buy it opening range highs now there's no entry here but this is a pretty decent one momentum leader High ADR surfing the rising 20day and you know had this tight range and now it's
28:47
Speaker A
breaking out on high volume but the entry was uh like sub 180 sub definitely sub 185 was the entry the average true range on this thing is 16 cents low of the day is 172 so your entry was no higher than uh let's see
29:10
Speaker A
188 no higher than 188 should have been your entry because one of my rules is that the stop shouldn't be higher than the average true range and yes I put the ATR back on on on my shs because you know I
29:25
Speaker A
I kind of it's easier you know just look at ATR versus the ADR if you want to when you're going to put your stops uavs had maybe entry on Friday vslr this is exactly at run they like I think Ron bought vslr so
29:47
Speaker A
they trade exactly the same vxrt it's potentially starting to build a setup here building higher lows it's starting to build a tight range uh it's not an obvious setup here but maybe in a few days it's a very high average ADR R
30:05
Speaker A
stock 14.2% work course uh I'm stalking this thing I'm stalking this thing it's still building higher lows and has a range here I I was on it on this thing on this day here twice I got stopped out twice I
30:26
Speaker A
lost 200k on it then I added bought it rebot it on this day here and now I kind of sold it for a small loss on on Friday um and today it's uh it's just fighting on on the you know it's it's
30:41
Speaker A
trying to put in another higher low potential if it can build uh like close like in the high 16s that would be a really good sign for tomorrow but it could as e you know easily break down and go back to the 50-day to but if it
30:56
Speaker A
you know can close strong that could be a good sign for tomorrow wtr I really don't see any good setups in this thing maybe here you know maybe it kind of lost the momentum like it went sideways for a
31:16
Speaker A
long time some and you know but it did break out of this long range on volume so it could have been a maybe setup and prts this one uh we looked at on stream the day it broke broke out someone
31:29
Speaker A
mentioned it several days before this is like sevenstar setup on a five star scale this is like you a big big move goes sideways builds a tight range and look at how tight it gets look at this thing breaks out and boom this is like a
31:50
Speaker A
sevenstar setup on a five star scale memorize this this is the basic principle we're trying to like stocks move move move like stairs right you get a leg higher sideways leg higher sideways you get another step higher sideways step higher sideways so we are
32:08
Speaker A
trying to identify the this the the areas when the next step higher could be formed you know tight areas we're looking for tight areas so we can get a tight stop so we can get a good risk reward this is how stocks move like not
32:27
Speaker A
not like this one is kind of a perfect one most are not perfect but this is the basic principle this is how stocks have moved in 100 years and there is no reason they shouldn't stop uh moving like this just
32:41
Speaker A
because you know you you are getting started in trading all right then off of short uh or sorry swing trading school for today wow envx this thing wants to go to like 250 Jesus Christ what a Relentless stock
33:26
Speaker A
unbelievable Tesla took out from Fray lows so now it's on kind of backside this moving out it came out of this range broke below this range and now these moving average at 10 20 and 65 EMA are going to act as uh sorry resistance
33:44
Speaker A
areas so every time it rallies uh back into these moving averages it's supposed to sell off and if it doesn't if it starts reclaiming that's when you cover this thing could very easily pull pull back to 1,000 bucks if we start get
34:00
Speaker A
a you know get a decent pull back I'm short 3900 shares wait am I yeah 3900 shares 4.5 that's $5.5 million position so that's my biggest position by far Overstock Overstock is kind of building lower highs and higher lows it's
34:29
Speaker A
building a range on the 60-minute sh like you know if it breaks out of this range I'm going to cover and if it starts breaking below this range hopefully we get a few more candles uh in this range and if it
34:43
Speaker A
starts breaking below I'll add more to my short I think this thing could easily pull back another 20 30% from here um all right oh man there's so many people have written stuff in the chat so sorry guys
35:11
Speaker A
I'm just not going to read the chat go back 30 minutes I'm just not going to do that too many people are writing a lot of stuff uh let's see here ing uh no jumia my buys and sells I bought it
35:27
Speaker A
on this day sold a bunch on the way up and I sold my last shares uh when it went red on this day here just because it got really extended you know this thing was like 60% above the 10day moving average
35:45
Speaker A
so I didn't even want to I I wasn't going to Trail it on the 10 day you know that's that's something I do often I just you know when when I feel a stock gets really extended I'm not even going
35:54
Speaker A
to Trail it on the moving averages a lot of that times that's a mistake mistake and may may have been mistake this time too H uh uh not today maybe in a couple of days um no yeah no I is CH is just you
36:14
Speaker A
know there's no there's no momentum here where's the momentum it's not a clean setup you need to look at the 10 it's just it's just been in a sh be range introduce you to another concept which is average true range you can see
36:40
Speaker A
it down here on my charts you can get it by doing add plot average true range and then you just pretty much just size it down so you can only see this number and I also change the color to
36:55
Speaker A
Black I just want to see the number I don't I don't want to C chart so that is the 80 average true range that's pretty much that's the intraday range it doesn't account for gaps it's 27 cents okay and right now the stock is up 37
37:17
Speaker A
Cent so it's up more than the average daily range which means you know it's a bit maybe a bit late to buy it here I usually don't buy the stock if it's up more on the day than it's average to
37:30
Speaker A
range preferably you want to get get get in when the stock is only up point you know a third or half or 2/3 so it's average true range uh so this one I you know I wouldn't maybe buy it
37:46
Speaker A
here um you know this is another one you know you you kind of have to be you know scan for this you got to be on top of this right out of the gate when Market opens but it's a festar setup that's my point
38:01
Speaker A
it looks exactly like chuma well ADR also includes the gaps average daily range it's also includes the gaps so if I while the average two range doesn't like for example this can it also gapped up let's see how much did it
38:38
Speaker A
Gap up 250 was Friday's close and it opened at 262 so it capped up 12 cents so you have to add that also to here so or actually you you don't have to but but you know it's up it's up
38:57
Speaker A
quite a bit from Friday's close ideal entry would have been in the like mid 270s high 270s or something or you wait for a little bit of a pullback so that's a good setup five star setup if you if you scan for
39:15
Speaker A
it and F it on your scans and it's in one of the hottest sectors too Bitcoin ethereum all of these things are just starting to break out from multi-year basis but I'm going to go through the basics of
39:42
Speaker A
uh just a I'm going to show you just a very simple swing trading method very simple there is no reason why you could can't double your account year in year out and in a very good Market more than
39:55
Speaker A
double your account just you know with this just one simple trading method very simple very basic I'm going to go I'm going to show the just the setups I'm inan um the setups I've traded this way so for example C like this is a recent
40:13
Speaker A
buy from Thursday so what you want to see is you have a big move and then you start seeing this you know like consolidating find support on these moving averages usually it's a 10 20 or 50 this a bit this is a little bit
40:30
Speaker A
slower one lately it found support on the 50 built higher lows went to New highs pulled back put in a tight range okay this is what I saw on Thursday I bought it right here like 68 I actually bought it like the day
40:48
Speaker A
before but I got stopped out and now so far it hasn't had any follow through yet but this thing could very easily go to 80 so what you what you can do is you can sell like a half
41:03
Speaker A
after 3 to 5 days you sell half and then you use the 10day moving average as a trailing stop then you move your stop to break even and use the 10day moving average as your trailing stop like if it
41:18
Speaker A
closes below the 10day you sell it I'm going to shoot T dock uh well this is not a good example either because it hasn't really gone yet I bought it on Thursday on this day here obviously um I'm going to show you
41:36
Speaker A
guys Okay so Thursday where did I buy it it reported earnings on this day uh so again a big big move it's a momentum leader right it finds support on this 20day 50-day moving average it keeps surfing these moving averages and the
41:52
Speaker A
last time it pulled back it found support on the 20day built higher lows and then it broke higher in earnings and I bought it let's see what's my average 225 22 where is it two high 225s here's my entry 225
42:09
Speaker A
80s and then you use kind of usually I use the low of the day as my stop um but since this thing opened actually gap down below previous days lows I used like if it went like red to
42:24
Speaker A
green or green to red as my stop and right now my stop is two 29 low 290s okay vir another one I'm in I bought it here hot sector this is little bit of an other type of setup uh because
42:41
Speaker A
it's not up uh a lot uh lately like it's more in a bigger base right you have a big base here uh but this is where I bought it uh low of the day stop and you know it's been grinding higher it's um
43:01
Speaker A
surfing the 20-day moving average you can clearly see this yellow line surfing the 20 day if it closes below that I'm out right now it's holding it very well it tried to undercut a couple of times but closed above and looks like it's
43:14
Speaker A
gearing for another move and it's actually right here it's a good setup like if this thing starts breaking out tomorrow you guys need to be on this thing this thing could go to 60 plus if it starts breaking this like mid 40 mid
43:28
Speaker A
High 48 area low 49 tomorrow you got to be on it avlr another one bought recently uh Wednesday I think right here look at where it found support per bounced perfectly of the 50 day and here it also had a pretty decent
43:50
Speaker A
setup uh that I passed on uh when it you know found support on the 20 every single time built higher lows and then it start broke out of this range with higher lows with higher volume that one was very good and you
44:08
Speaker A
could have sold half after 3 to 5 days either on this day here or here and then you use the 10day as your trailing stop and you would have gotten stop the rest on this day here uh gbts is another type of trade so
44:25
Speaker A
let's ignore that one CS is another type of Trades I'm going to ignore that one uh because I'm I'm just showing you one specific type of setups here DG I was already in the trade but this is a five star setup I didn't buy it
44:40
Speaker A
because I was already in it but another one had a big big move big earnings winner but this is also something I let's just ignore all fundamentals and all stuff that stuff all you need to focus on is you know in B the strongest
44:55
Speaker A
stocks you have a big big move move it serves the 10day this is a very strong stock it serves the 10day it did undercut it but it reclaimed and started building higher lows and then you have tight range and starts breaking out on
45:09
Speaker A
higher volume and again you get just use the 10day moving average now it's going to not going to be perfect you're not going to nail any tops or bottoms or stuff like that but you would have sold half
45:21
Speaker A
somewhere here and then you would have sold the other half here on this day here uh lake is also lake is a simil also same type of trade like I bought it here unfortunately closed back into the range in the range
45:39
Speaker A
without stopping me out though higher lows hot sector it's a mask stock you have this range it's a momentum leader serves the 20day keeps building higher lows getting Tighter and Tighter and right now you know it didn't break
45:56
Speaker A
out yet but it looks like wants to eventually peleton this one is still hurts looking at it I passed on this one but again on March lows made a big move made a big move it doubled quickly of the March lows pulled back found
46:14
Speaker A
support on the rising 20day and then it got a bit tighter not it's a little bit more of a sub setup uh but um you know uh it looks pretty decent bu higher lows and then it broke out on higher volume
46:29
Speaker A
this is a few days before earnings that's why I passed on it and you know now it's higher and I rebot it wait where where did I re Reby it I'm in it right now uh 6350 is my average which day did I buy
46:47
Speaker A
yeah this day here this is where I bought it this day I think it was last Monday you know it keeps finding support on a rising 20day here found support here here here and uh then it you know it's some okay it's
47:05
Speaker A
not really that kind of a good setup like I'm trying to show you but you know it's been working so far this is more of a like fental story it showed my bunch of relative strength and stuff like that
47:18
Speaker A
uh but I'm not going to go much into it right now I'm going to try to keep this uh swing trading School sessions short so you don't get bombarded with a lot of information I'm going to do this daily
47:33
Speaker A
uh let's see chumi Chum was another one this one I've talked about a lot the past few days this is a five star shart have big move this thing goes up 230% and this is also like there's a
47:49
Speaker A
fundamentals uh included well or not actually it's like a pump stock a very influential pumper and Twitter is on this thing thing and well let's just say he's it's working out pretty nicely uh you know you need to memorize
48:04
Speaker A
these setups look at where it found support like the strongest ones find support on the 10day the strong ones the 20day and the well slower ones on the 50 day generally Tesla like here's there's a lot of good setups on this
48:21
Speaker A
one okay like there was a like a more sub setup some where here like this was let's just imagine like when the stock was up here like near the highs of the day like this candle looked really good now it
48:37
Speaker A
happened to close week but it never took out the lows of a day so you wouldn't have gotten stopped out unfortunately I passed on this one but look at what would have what would have happened if you had used the close below the 10 day
48:50
Speaker A
this is why I all want you to guys to use the close of the 10day as a trailing stop for at least like a third or maybe even half of your uh uh position because look at this thing look at the move it
49:04
Speaker A
did without closing it below the 10day moving average here it actually gapped down but reclaimed and here it closed above it and next day kep down but immediately reclaimed and close above so you wouldn't have gotten stopped out
49:19
Speaker A
this is why and you wouldn't have gotten stopped out until here this day here so you would have you would have caught a a well actually at the highest this thing was up 185% this is this is the logic behind uh
49:37
Speaker A
you know trailing with a 10day moving average these home runs you catch few of these you're going to make a lot of money and this is great about swing trading versus day trading you don't have to sit there and scalp for stupid
49:53
Speaker A
small moves sit around your entry constantly look for new trades looking for new action you can just sit in it just have patience obviously it's easier said than done but there is a logic behind all of these things because they
50:09
Speaker A
work and here here's another setup I traded more subtle one but of the March lows made a big move started surfing the 10 day then the 10 20day got really tight and then on this day here I bought
50:24
Speaker A
it actually didn't break out of this range completely but I anticipated the breakout next day I think it was a Monday it gapped up I added more in the opening range highs and then big move and I was long I
50:42
Speaker A
I I did get shaken out uh when it closed below the 10 day here uh but I did Reby on this day here so like if you remember I was long this whole move like here I was long here and then we added here
50:57
Speaker A
and then it went up like another 27% in like overnight pretty much so you know you got to memorize these setups there's a lot of money if you just you know there's there's you know if you master just this one setup you
51:17
Speaker A
will never have to work a day in your life you're going to Be Your Own Boss and if you really get good you can make a lot of money there's no reason why you can make many millions trading
51:28
Speaker A
this just one setup TTD on Friday I bought it and all of those who were on the stream on Friday remember me buying this thing opening range highs five star setup big big move pulls back finds support on the 20day starts
51:45
Speaker A
building higher lows has this range break and so far it hasn't had a lot of follow through but I think it can go to 500 plus soon today exact same setup big big move find support on the rising 20 then
52:02
Speaker A
the rising 50 day like this thing keeps finding support in a 50 there like it did here here here and now here and this is a breakout there's no reason why this thing can go to 300 eventually AP this one I bought here
52:20
Speaker A
like this was more of an anticipation like this is another type of setup but let's focus on this one this was a secondary entry where I added another five star setup you have a big move off the lows pulls back goes sideways gets
52:33
Speaker A
tight finds support on a rising 20day puts in narrow candles and then breaks out on high volume and it keeps keeps going still keeps going srn I bought it on Thursday actually I bought it here on this day too this one I messed up um I
52:55
Speaker A
bought it here we at a big move this is like a hotest sector a covid-19 stock find find support on the rising 20day started breaking out and look at the move and unfortunately I got shaken out here at six bucks I didn't follow my
53:16
Speaker A
own rules they close below the 10 day I would have otherwise get gotten stopped out here somewhere on this day here and then I rebot now on Thursday on this day here and uh on Friday it made a huge
53:35
Speaker A
move W another one I bought it here because this was showing this was one of the stocks with the biggest relative strengths um in the like mid July pullback like early mid July pullback we had in the markets this thing showed uh what's one
53:57
Speaker A
of the stocks that showed the best strength it barely pulled back it was back at alltime highs in no time and this thing is up 900% from the lows like if you have a stock that's up 900% in a
54:09
Speaker A
few months and the market weakness can't bring it down the stock is trying to tell you something it's yelling at you this stock was literally yelling in our faces hey I want to go higher if the market weakness stops I'm going to go
54:28
Speaker A
higher and that's exactly what happened we bought it on this day on stream opening range highs and now look at this thing i' I've been selling tiny pieces every single day and I think you know it goes where it has to go I'm I'm
54:46
Speaker A
using the 10day as my uh trailing 10day stop as my closing uh stop as my uh um moving oh trailing trailing stop man I don't even know what the hell I'm talking anymore I hate talking this is why why I hate talking I
55:03
Speaker A
don't even know what the hell I'm saying okay beely another one this one I did buy here on this day here uh not as clean as of a setup but it it was it showed like super strength just riding the 10 day
55:21
Speaker A
had one narrow range candle and then it broke out here boom I did get stopped out I think it was on this day somewhere here I got stopped out and then I got back in on Friday look at this
55:37
Speaker A
thing it pulled back found support on there Rising 50 day putting narrow candles bu higher lows and boom break out on high volume this one I bought after the stream ended like uh coup of hours in this uh trading session and now
55:54
Speaker A
today gapped up having nice follow through that would lead your too leaders leaders lead Pinterest is another type of trade I'm going to ignore this one for now Workhorse exactly the same logic big big move pullback found support on a
56:08
Speaker A
rising 20day building higher lows and he has a big range break here it's actly the same logic and I'm I am L 100,000 shares currently I may add another 50 100,000 shares depending on how it acts later deex this one you guys remember it very
56:30
Speaker A
correctly when I shase the shase I actually bought it initially here but I got stopped out on this day here uh I got shaken out I I I had a little bit too tight of a stop but it actually
56:43
Speaker A
found support on a rising 50 day look at this thing this thing always finds support on a 50 day right here here just keeps riding keep surfing the 50-day these are all the only technical indicators you need the 10 10day the
56:57
Speaker A
20day and the 50-day moving averages you do not need anything else and you don't even need to look at intraday sharts this is all you need this is all you need to make millions this is all you need literally nothing else you don't
57:15
Speaker A
even need to look at the intraday shart you don't need to look at stupid level two [ __ ] level two [ __ ] in charts it's all noise all you need and then I rebot on this day when he
57:29
Speaker A
started re-breaking because you have you have like a tight range and keeps surfing higher higher you know eventually the stocks break break either way and you know you got to buy them when they break out and this one broke and this is the day I chase
57:47
Speaker A
the shase those of you in the chat they remember it I'm not going to go into it and now look at it now am Mara this one this was another type of trade wow it's back at highs of
57:59
Speaker A
the day look at that I wouldn't be surprised if this thing goes to five six bucks absolutely not all right guys that was uh swing trading school I'm going to do it like 10 15 20 minutes every day
58:15
Speaker A
uh I've talked enough for today that was it you got to memorize those setups tomorrow I'm going to go through one of my scans I'm just too tired of talk right now oh [ __ ] ryot I need to buy
58:34
Speaker A
some or maybe I don't we'll see okay this is a good setup I think if he can go have an inside day today like it had a pretty white day on Friday if it can go sideways today build some higher
58:55
Speaker A
lows then this thing would be a five star setup for tomorrow this is a high tight flag big big move this is a momentum leader ADR is 15% that's extremely high not a lot of stocks have uh adrs that are that
59:11
Speaker A
high usually when ADR is this High the MO stock has made a big move which this thing has like it's a bit too thin for me to trade I'm not going to watch it today but tomorrow like if it starts
59:26
Speaker A
break that low 28 mid low mid 28 range I'm going to watch it today I'm going to ignore it because it's just not good enough for me it it's just too thin for me I thin stocks if I'm going to trade a
59:41
Speaker A
thin stock it needs to be really really good setup uh wow mcrb had some phase three data up 350% premarket trvn had some data lot of Biotech related gappers melee unfortunately I'm not in it anymore I bought it on earnings on this
60:05
Speaker A
day here and then I used a 20-day moving average as my trailing stop I got stopped out I think on this day here when it was obvious it was going to close below the 20day and yeah what can I say it's up
60:19
Speaker A
30% since and it reported great earnings I mean just incredible earnings this is like the Amazon of South America without the cloud uh thingy but they have payments they have e-commerce like this is the dominant e-commerce payments platform in South
60:40
Speaker A
America um uh just incredible earnings uh but it's you know it's not a good setup here it's very extended it needs to go pullback go sideways for you know at least a few weeks at least at least but it is a large cap momentum leader uh
61:03
Speaker A
but again it's not a good setup here the earnings are great and I'm going to watch it very closely over the coming weeks and months Acer a good setup uh akre was a decent setup here like 3 days ago or whatever H
61:41
Speaker A
or you know it did close weak but it was a pretty decent setup here it made a big move it went sideways started surfing these moving averages you can see it started building higher lows it was a decent setup here
61:57
Speaker A
um and now it just keep you know it's had some follow through V yeah V looks great I'm long this thing but uh I I just don't see a great setup here right now there was a setup here this was a potential setup uh
62:14
Speaker A
but right now there's no setup here DG a buy absolutely not why you even looking at this thing ADR 1.7% you're never going to make any money trading stocks like this it's a [ __ ] setup it's a [ __ ]
62:32
Speaker A
stock focus on the high ADR stocks Kirk too thin there's no setup here I mean it's not too thin if you have a tiny account this is not a thin stock it has high ADR it's a momentum leader uh so it fits those criteria but
62:50
Speaker A
but where's the setup like it had a setup here there was a okay setup set up like on this day here then it had a potential setup down here but now it's just in limbo you know they need to like the setups you need to
63:08
Speaker A
buy them when they're bouncing or surfing the 10 20 or 50 day moving averages right now look at this thing it's not near any of these moving averages arnet arnet yeah it needs to set up maybe in a couple of
63:27
Speaker A
days needs to build a range here T tto um yeah it looks decent this one looks decent like it made a big move right it keeps surfing the 20-day and it's been going sideways for about a month two months or so building higher
63:43
Speaker A
low surfing the 20day uh this is a good setup if it starts breaking and it's the hotest sector it's a covid-19 uh sector High ADR 99.3% this could could be a good one this is a stock that could easy
63:56
Speaker A
to go up 50% you know if it's 50 100% if it starts breaking out on volume uh this is something you need to watch absolutely um like if it starts breaking the the high 170 area low 180 area on like big
64:16
Speaker A
volume uh that's something to watch all right let's do a sh school well not short School swing trading School uh so yesterday we went through my current positions and the good setups that have been on those stocks in the
64:41
Speaker A
past four five months so I'm going to just open up a simple scan let's just do past biggest six Monon gainers okay very simple scan so I use volume dollars $80 million here it says what $800,000 but it's in it's it means 80
65:05
Speaker A
million you have to add two or three zeros so this is 80 million dollar volume okay average daily range this is the code I'm I'm just putting it here for now but also I'm going to put it on
65:18
Speaker A
my blog or my um about page m all right uh anyway and price growth 6 months the past 126 days it needs to be in the top 7% of performers after applying to after applying these two like volume
66:21
Speaker A
and the volatility criteria then we do a scan like like now it's near the open so there's not a lot of stocks in this scan like after it close there's going to be like 40 50 stocks in this scan let's
66:32
Speaker A
just start with Carana so I'm going to show you good setups I I'm can see five two five star setups right right right now one is here okay you have a big big move okay look at how how we keep
66:48
Speaker A
surfing the 20-day and then it just keeps getting tighter look at how tight it gets and as it serves the 20day and then it has a high volume breakout okay on this day here like this thing needs to be on your
67:02
Speaker A
watch list once it gets starts getting tight okay you need to be able to identify the setup here this is where you need to be able to identify the setup and when the next day when the Market opens you got to be ready as soon
67:16
Speaker A
as it starts breaking out that's when you buy it okay and another good setup this is not a five star this is maybe three and a half star is this one here right here another good setup keep surfing the
67:31
Speaker A
20-day builds higher lows and puts in a tight range I'm actually going to switch to this view here because there's less noise you don't need to see you don't need to put any notes on here you don't need to do anything you just need to
67:47
Speaker A
watch the price uh what scan did we use it was a six-month Gainer scan yeah okay next one square oh now it's fading the Gap today okay so Square how did it have any good setups um lately um let's go back here it had some
68:10
Speaker A
really good setups like back in 2017 here is one this thing you know keeps riding the 50-day okay and here you know it builds a base starts breaking out makes a move and sures the 10day and then you get two
68:33
Speaker A
really tight candles with higher lows and it breaks out that's a good setup here another really good setup this is just an insanely good setup like you need to go back in you you need to take screenshots of these things you
68:50
Speaker A
need to build a database thousands of stocks like if you don't study at least you know spend at least like 500,000 hours studying this one single setup it's just super simple it's not easy but it's simple but you still need
69:06
Speaker A
to study you need hundreds hundreds of hours thousands of hours over the next few years that's how you master it that's how you will make millions tens of Millions with this one setup you can make tens of Millions
69:27
Speaker A
like like this could be like it's kind of breaking out of a little bit of a range of the 50 day you know building higher lows it's a little bit more of a sub setup like there's so variations of
69:40
Speaker A
this setup there's you going to figure it out you know if you spend a th hours studying these setups you going to figure out these variations um here is another decent looking one like Square had the square had a bunch
70:04
Speaker A
of this is another good setup bounce off the undercut and bounce off the 20 day gaps up the next day this looks very similar to SC now this thing didn't this one didn't have that much follow through uh but like this that setup that last
70:21
Speaker A
one looks very similar to scdg yesterday and couple of days ago you had this weak candle that reclaims and next day you have Gap up that's another one sometimes you know if you have a goodlooking setup and it
70:37
Speaker A
gaps up on earnings or news even if it gaps up 5 10 15% it could work out really nicely I rarely buy stocks below the 50 day or I mean depends it depends oh guys go to my about page it's all
71:01
Speaker A
there my position sizing it's all there I've linked it like 10 times already people in the chat have linked it guys uh do I scale in for this method you don't need to scale in you can buy everything at uh you can buy everything
71:22
Speaker A
at once you don't need to worry about scaling in but you need to scale out you sell a third or half of your position after 3 to 5 days and then you just trail trail use the 10day moving average as just
71:40
Speaker A
trailing stop and then when the stock closes below the 10 day you sell the rest and since okay this is short school so I'll I'll uh instead of referring to the about page I'm going to say it any
71:54
Speaker A
I'm going to say you know um talk about the position sizing like you shouldn't put more than 25% of your account in any given stock ever there's no point like you get the best breakouts in a bull market and in a bull market
72:10
Speaker A
you will have hundreds of stocks that make big moves there's no point in putting more than 25% of your account in any given stock okay next uh stock Etsy several really good ones this is a five star setup take a screenshot of this thing
72:26
Speaker A
memorize this pattern you don't need to do anything other you don't need to know the earnings you don't need to know that what the sector this thing is in we really don't that's a five star setup and then you had another really
72:41
Speaker A
good setup like here uh or well actually was a better setup here higher lows you have a range it's surfing the 20day and now look at it another one Fiverr I can immediately find a festar setup right here I didn't trade it was
73:05
Speaker A
too thin but I did recognize this setup I even put look at this Arrow I put this thing in my back watch list just to track it and look at this thing straight up and if you know you would have sold
73:21
Speaker A
you would have bought it here you have sold half or a third on any of like on this day here on any of these two days 3 days after 3 to 5 days you sell a third or half and then you use the 10day
73:34
Speaker A
moving average as a trailing stop and you know it here it kind of undercut the 10day but it reclaimed it closed above and then you can move your stop here okay and once it goes below this area that's when you get stopped
73:54
Speaker A
out so you know using that sell rule those sell rules you would still be in the stock but this is something you will figure out once you look at thousands of stocks thousands of leading stocks big movers like these how they act around
74:11
Speaker A
these moving averages and how do how do you develop cell rules fastly another one this one I talked about yesterday so I'll ignore this one mRNA I'll just show you a five star setup right out of the gate here it is I
74:30
Speaker A
bought it this thing here unfortunately I didn't follow my own sell rules so I sold it on this day here and then look at what happened I I just thought you know I don't know why I sold it I just
74:41
Speaker A
sold it I didn't trust it and then look at what it did here another five star and there there was actually a good setup here too this was an even better setup you have this look at how tight it got and then
74:54
Speaker A
you have this big red range and here another five star setup boom look at this here is another good setup actually here is when I bought it it undercuts the 50-day reclaims starts building higher lows you have this big big
75:22
Speaker A
range you have this breakout candle on higher volume and look at what happened made a big move and now it's flagging again this is also a good setup it's building higher lows has a tight range like maybe tomorrow if this thing can close
75:39
Speaker A
stronger than it is right now could be a good setup tomorrow what's bntx doing now bntx looks really weak it undercut the 20 day but this thing if this thing closes strong like closes inside of this range it could still be a
75:56
Speaker A
setup for tomorrow let's look at another one W this thing had some good setups too uh somewhere a bit subtle um n this wasn't really a good setup even though it really worked sometimes you have this you know some setups are just you know too
76:18
Speaker A
short but they work anyways uh here is a good setup this is a five star setup it a stock that finds support in a 20 days starts building higher lows puts in a tight range and then it has a breakout
76:32
Speaker A
candle that's a five star setup here's another ah maybe not a super setup maybe a three and a half star setup now in hindsight it worked but and this is one I bought last week this is this is when someone told me hey
76:51
Speaker A
I see your long W you should quit Trading kind of funny any I bought it here this one also talked about yesterday on on the swing trading school so you you already know about this one uh envx I talked about yesterday
77:11
Speaker A
livongo I think no Leong I didn't talk about this one I've been trading several times this year H I initially bought it on this day here when it guided higher but that's another setup maybe I'll start teaching that setup next year or something but
77:27
Speaker A
let's just focus on this one simple breakout setup I'm trying to tell you to teach you this is like a nah it's not really a obvious setup it did work but not a great setup this is a great setup
77:40
Speaker A
I traded it unfortunately it stopped me out okay no follow through stopped me out then it found it bounced off the 20day here it bounced off the 20day here now let's see what happened look look at this look at this and this this is a
77:57
Speaker A
five star setup I traded it look at this thing builds higher lows has this tight range and then it starts breaking higher that one I traded I bought it back had a huge move and then you get another five star setup right here it it
78:16
Speaker A
did close a bit weak but I did buy it right where where it started breaking out it serves the 10 day higher lows tight range and breaks out look at this thing and I sold it somewhere here in the
78:33
Speaker A
like low hundreds area because I thought it was getting extended I didn't didn't think it was going to go up much more well I was wrong here we are it went to 150 yesterday another one Mara Mara uh it's a a little bit another type of
78:59
Speaker A
trade I'll I'll I'll ignore it vxrt this is a good setup okay this is something you need to identify the day before and then the next day it gaps up on some news okay you need to be on it
79:17
Speaker A
you need to buy it opening Range High you can see you know this thing had huge volume out of the gate I bought this thing I had big trade on it opening range highs you buy it lows of the days you stop and then you just
79:32
Speaker A
you know sell it into strength some at the 3 to 5 days and the first close below the 10 day which would be on this stay here you get stopped out of the rest and VX has kind of a maybe setup
79:48
Speaker A
today uh doesn't really ah n it doesn't look that great never mind srn this thing has two really good this one I bought I I messed up the cell like I'm usually very good with entries but my I just many times I just don't follow
80:05
Speaker A
my own sell rules and it kind of annoys me it kind of pisses me off sometimes I unfortunately I sold it on this day here six bucks I don't know why and then look at what it did but good thing is I
80:21
Speaker A
rebot it here this was I think it's Monday 829 I bought 150,000 shares if I remember correctly or 200,000 shares I don't remember but yeah and I'm still long 40,000 shares uh Tesla this thing is setting up it's setting up same thing higher lows
80:41
Speaker A
this one I talked about yesterday so I'm not going to talk about it today um tlio another one uh you have a big move get shops around for a bit go sideways in a shoppy Range range find support on the Rising
80:57
Speaker A
20day Starts building a range tight range puts in a narrow candle and then it has a breakout on higher volume now obviously you can't most of the time you can't uh kind of determine like early in the day that
81:12
Speaker A
it's going to have higher volume so you just you know especially you're trading like liquid like mid and large gap stocks like they always have volume you don't need to worry about it and look at what it did and here another good setup really
81:27
Speaker A
good setup look at this higher lows tight range bounces off the 20day again builds higher lows and then has a breakout candle boom Overstock this one I also talked about if I remember correctly but this one had a good setup
81:44
Speaker A
here not a five star but maybe a three and a half four star this is a five star setup okay and this is also like a festar setup okay all right so this was just one scan like I have many different scans for uh
82:05
Speaker A
different time frames so this was the six-month Gainer scan okay I also have like one month 3 months 6 months one year one and a half years 2 years and then like five day gainers and stuff like that too so you you want the
82:25
Speaker A
strongest stocks on any given time frame but as a shortterm like you guys don't you can ignore the 2year and the one and a half year you only have to focus on a one month this is the formula for a one
82:38
Speaker A
month wait what oh never mind here so the lows C Min l22 like uh the price gain from the lowest point the past 22 trading days 22 trading days that's one month okay that's the formula okay so you need this scan and then the
83:01
Speaker A
ADR uh like I use 3.5% but most of you you should put it at 5 6% and dollar volume uh I have 80 million here or actually it sets 800,000 but you can use maybe like I don't know it it depends on your
83:17
Speaker A
account size just do like 20 times 30 times your account size if you have $100,000 in your account take that times 30 or or 50 just let's just say 50 so you need to put like 5 million here here
83:42
Speaker A
$5 million volume so the one month you need the three month so the formula for this one is c mean low L uh 67 67 trading days that's three months and you also need the six month you don't need any of
84:01
Speaker A
these others like the one year one and a half year two year you don't need those you can ignore those and this is the where is the six-month one here's the six month the past the the lowest price
84:16
Speaker A
point or the past 126 days okay and the rank 93% you can play around with the volume the average daily range and the and the rank you need to put a rank it needs to be like 90 plus 95%
84:34
Speaker A
plus and you shouldn't get like after a market is closed if you get more than 50 results you need to tighten the criteria need to you uh increase the dollar volume Andor the ADR and or the rate uh
84:49
Speaker A
rank percentage rank like if you get more than say 50 in any 50 results in any of those scans you need to tighten up the criteria and then you put them all and then you just look good setups
85:03
Speaker A
and put them in a separate watch list all right enough for short school today uh I don't like talking too much it's really tiring okay I'm going to focus on my own trading for a while now lrn this thing is up let's see what's my
85:43
Speaker A
average I have 12,000 shares 49 average uh so this thing is up 4% like what I personally do I I just sell like every 3 to 5% I sell a little bit uh but I suggest for you just ignore
86:00
Speaker A
it no matter how much it goes up the first two one or two days just ignore it what you need to do is you need to sell a third to a half like you could do like this like you sell a third on day
86:15
Speaker A
three which means on Friday you would sell a third and then you sell a third on day five like on Tuesday you would sell another third and then you Trail the rest with a 10day moving average okay or you could do like like you sell
86:31
Speaker A
a third or or sorry you sell a you sell half on day three four or five and then you Trail the rest Trail the second half you you can play around with it like you know uh whatever works for you
87:15
Speaker A
what about PayPal what about PayPal PayPal had a good setup here I mean what about it now and it's a very slow name don't trade PayPal if you want to make big money you got to be in the fast moving
87:51
Speaker A
stocks not the slow moving stocks that's just how it is the fast moving stocks not the slow moving stocks okay let's see if uavs announced offering oh wow it's still up though largest loss and win okay go to my about
89:07
Speaker A
page it's all there yeah exactly thank you stock Daddy for uh for linking AA ride and stock daddy thanks for linking the and also big tune thanks for linking the about page I really appreciate it it it's really helpful thanks guys
89:26
Speaker A
guys like I I get the same questions 10 times per day like in the twitch twitch stream on Twitter on YouTube I just had to get that uh about page together man I wanted to do it for months but uh you know I've been I'm I'm
89:44
Speaker A
lazy so how do you spend your morning mornings leading up to Market hours that's a really good question I'm going to answer it on the about page that's a really good question I I I've gotten it before but yeah that's a
90:16
Speaker A
good question I'll put it on my um about page how was your performance using momentum stocks prior to this massive Bull Run what very good like breakouts like any type of you know breakout or momentum straty use they're going to work best obviously
90:50
Speaker A
when the market is in a momentum mode and and you know sometimes you have to be in cash for weeks and months on end when the market is not good and that's fine you know if you can sit out a period like this and then when
91:08
Speaker A
a period like this comes around you're going to double triple quadruple your accounts trust me on this one you don't need to trade all the time it's fine to sit in cash for months on end now it's easier said that then done but generally
91:27
Speaker A
what you want to see like NASDAQ is the you know the relevant index you don't need to look at anything other than NASDAQ okay this is like this is NASDAQ is where 90% of the stocks I trade are
91:40
Speaker A
in the NASDAQ okay so generally what you want to see is the 10day sloping higher and the 20-day sloping higher or at least one of them needs to be sloping higher generally and the 10day needs to be above the 20 day it's fine if it
91:57
Speaker A
undercuts a little bit for a while um but you know that's like general rule so this has been a really good swing trading Market okay during this time there weren't many breakouts and those that were they failed uh there were a
92:12
Speaker A
lot of breakdowns though but that's just another uh type of strategy you don't need to do any shorting this was also a really good Market I I I more than doubled my accounts on this during this 4mth bull
92:27
Speaker A
run uh this period was a little bit more challenging uh this was a decent period in even though it only lasted few months this was a bit challenging because you know the market was downtrending like the 10 day started sloping lower 20day
92:44
Speaker A
started sloping lower the 10day was below the 20day that's not a great swing trading environment and then this was just a shoppy environment no Trend and the 10 day to 20day they were like mostly going sideways or or lower or sloping down and
93:03
Speaker A
this was also an insanely good trading environment the first 5 months of 2019 and you know I can go back years and years you you get this like every every year there's usually a 3 to six month period that's a bit challenging
93:19
Speaker A
you won't you you will make very little or no money and that's fine and then you get these runs that last for 3 to 6 months where you will double and triple your account you just have to wait for
93:31
Speaker A
those periods okay you have to wait it out it's really making millions in training it's really not about rocket science it's all about patience and discipline it really is you if you have more than 10 brain cells you can make a lot of money but
93:54
Speaker A
what most people don't have is the patience The Temper just waiting and doing nothing most people want the fix including me they need to be doing something all the time yes I used the Platinum version of tc2000 do you think K Kodak might be
94:18
Speaker A
super nova in a few session I don't think anything right now it's just going down oh you're it's sure than are you recovering from a motorcycle wreck holy [ __ ] that sucks good I I guess the good
94:50
Speaker A
thing is you get uh you get time to uh study setups like really like what you guys need to do you need to get these scans in order and then you just need to find these setups just just look at any stock
95:06
Speaker A
that you know doubles or triples or quadruples or something and then you just look at how they act you need to use the 10day the 20-day and the 50-day moving average like these are really the only indicators like I personally feel I
95:21
Speaker A
need uh like these are the main ones and you will see like every leading stock they will find support levels on the 10 20 and 15 day moving averages like these are as close to Magic as you can get
95:36
Speaker A
okay it's almost like shating it's a little bit like shating okay and there's a reason I use this moving average because the leading stocks stocks that make big moves obey these lines they they've done it the past few
95:55
Speaker A
years they did it 50 years ago they did it 10 100 years ago how do I know because I've studied shorts from those periods there's no guess workor there's a reason for all of these things there's a reason for every indicator I use
96:14
Speaker A
because they work how do I know they work because I've studied them going back many decades do I trade anything else than US Stocks yes I also trade the US ETFs going to put that one also in the
96:42
Speaker A
about uh trade zero or interactive brokers I don't I've never use trade zero trade zero is I guess better if you like short a lot uh but I I think interactive brokers is really good but I it doesn't really matter like
97:25
Speaker A
you know you need to try them both and see which one works for you will you will you share yeah I'm going to show you like later this week or maybe next week my Evernote database like I have
97:37
Speaker A
tens of thousands of shards and setups with different you know strategies I'm going to show you a little bit of it I've spent thousands of hours building it your TC 2000 yeah you need to get a platform that does or you just you know
97:53
Speaker A
need to get books that we we uh where that U you know show sharts and stuff have you considered using the 5 EMA uh not really because the 5 EMA is going to stop y the big gainers 5 EMA is
98:17
Speaker A
uh what it's too fast what caused your four blowups uh lack of strategy lack of setups how did you get the watch list let's left side what do you mean this one I just created it I click here I
98:37
Speaker A
click here I I I put the name on it I click okay then I get a watch list and I put it here this is like my daily back watch list I track all every every notable breakout breakdown I track them
98:50
Speaker A
for a month like I let's see I it's 5th of August now uh my oldest back watch list is 6th of July we could just go through it and look at this what triggered that day H actually I already
99:10
Speaker A
put i' yeah I'm going to put it yeah that's a good one buer um I've already done that one I just haven't put it on the about page uh you can see it right here on the daily chart I use the simple moving averages
99:26
Speaker A
on the 60 Minutes chart I use exponential moving averages why because they work they just work like it doesn't really even matter what type of what moving averages you use like I use these ones because I found they work really
99:44
Speaker A
well on momentum stocks but you know you may find that some other moving average works better and that's fine like but you there there needs to be a reason for it okay 6th of July at the cbat had a
99:59
Speaker A
random pop umrx had a random pop pyo IO had a random pop tiger yeah the Shina brokerage stocks broke out that day I remember that Mark had a random pop oh this is the day I lost a bunch of money on it I bought the
100:15
Speaker A
breakout I didn't realize they had earnings after hours and I had to sell on a gap down vabo had a random pop had yeah okay Shina names all had random Pops that mktx it's a slow very slow name but it kind of broke out of a nice
100:32
Speaker A
pattern but had no follow through immu gapped up on some news oh I immu I can show you two really good setups on this one three really good setups here this stay here you know this had a big move on high volume on some biotech
100:53
Speaker A
news kind of went higher pulled back the 10day caught up and then it broke out on high volume it wasn't a very obvious setup actually you know the day before it looked like this uh it wasn't a very
101:07
Speaker A
obvious setup but you know this was a better setup no wait where's the better setup here is a better setup well actually it's kind of EXT standed but there was a setup here too it didn't have much follow through
101:22
Speaker A
actually you would have lost money on it but this is a very good setup had a big big move it what tripled or something quadrupled pulled back went sideways found support on the 50 actually before the 50 day had a nice
101:38
Speaker A
nice like range break candle this is a very good setup and this is another pretty decent setup like it wasn't really tight going into it but sometimes you know the previous day can be loose if you have a nice range the same here
101:54
Speaker A
um you kind of have to look at the overall picture but you know if you if you study thousands of examples you kind of figure these things out fslr we talked about earlier net Neta had a good setup yesterday it's a very thin stock
102:06
Speaker A
but this thing had a very good setup yesterday this is a five star setup and today it gapped up a bunch and now it's actually took out yesterday's lows I don't know they had some news and they didn't like it news I
102:21
Speaker A
guess H okay Koopa Koopa five star setup right here boom boom boom higher load look at how it just keeps surfing the 20day higher lows and then you have a little bit of a range it was a bit
102:36
Speaker A
shoppy uh but eventually it got Tighter and Tighter and broke out boom uh what's this this oh this one got a big breakdown that day DX this one I'm stalking it's a little bit like it's getting super tight you can just clearly
102:53
Speaker A
like look at this range like this thing wants to go higher you can OB you can clearly see this is an earnings winner big big earnings they reported last week big guidance like this thing has fuel it's not something you guys have to
103:09
Speaker A
focus on uh but I I I like to trade the stocks with big earnings they tend to make the biggest moves but the only thing you really need to focus on is the momentum that's really only because all
103:20
Speaker A
of the big uh earnings winners they're going to have a momentum you're going to catch them if you just focus on momentum so you don't really need to focus on everything else anything else I just I I I'll even switch it this tab so you
103:32
Speaker A
don't see anything other than just a setup um what I was what was I trying to say I don't even remember Workhorse this thing hasn't had really much follow through since I bought it but it is building higher lows I bought
103:50
Speaker A
it two days ago when it broke the 17 area it it popped 15 16% really quickly pulled back and put in a higher low put put in another higher low so so far it looks okay uh VI had a
104:09
Speaker A
[Music] big all right holy [ __ ] I'm getting really tired now I'm going to I'm going to do one more scan and and um these are these are my intraday scans you don't need to focus on any any of these you
104:29
Speaker A
don't need any any intraday scans all you need to do is use the one month thre Monon and six month uh momentum scans find setups you know you need to run them after it close find good setups put
104:43
Speaker A
them in a watch list and then you just have to watch that watch list that's all you need to do to make millions and like I'm going to write the step toep guide like obviously and you also have to be like
104:56
Speaker A
aware of the market conditions and stuff like that like are we in an uptrending Market or down training Market or like what are the market conditions right now they're very good like this the past four five months has been the best swing
105:10
Speaker A
training environment since the late '90s probably or maybe like a second and third quarter of 2009 that was also a really good period just going back and looking at charts like there was some insane moves back then AP uh did yeah apt I got stopped
105:40
Speaker A
out uh let's see what's where I had a hard stop set I got filled 1999 I had 5 Cent slipage yeah I'm All Out AP I sold the half at near the close yesterday when it was obvious it was
105:54
Speaker A
going to close at least like at right at the 20day and then I kept half because I was really like like hoping it was going to Gap up and just bounce off the 20 day but it's not uh so right now it's a
106:07
Speaker A
broken chart uh let's see taking it off from my positions list so you know since I'm I sold the stock like this window here these are my positions I'm taking it off I'm taking it I'm removing it from this
106:21
Speaker A
list so right here let's see Ella Ren this is what a five star setup should do you know for those who paid attention have been paying attention like those of you have been on my stream for you know months you know you should
106:39
Speaker A
have all have been on top of this one this is a five star setup not now the entry was in there like 48 Area 49 area my average is 40 4902 I had to shake it a little bit
106:54
Speaker A
since I was buying a bit size I wanted more but you know I started buying it like low like 48 20s and my I got filled on my last shares like low 49 so that that's how thin the stock was and this
107:10
Speaker A
thing could easily go to 60 70 you know wow this LSC I still think this thing is going to go H like when Robin Hood finds this stock when David day trader finds this one it's going to go to
107:43
Speaker A
2030 it had several good setups at the setup here had a setup here I personally bought it where did I buy did I buy here no I bought it here I bought it on this day I chased it a little bit like
108:00
Speaker A
this was the correct entry right here but I chased it just because I thought it was such a big potential and sometimes you know if you made Millions you got break rules okay if you've been trading for 9 years
108:19
Speaker A
you know when to break the rules if you don't if you have been trading for less than 5 years you don't know how to when to break the rules and you shouldn't Break The Rules uh PA looks like I may get stopped
108:31
Speaker A
out I'm actually going to put a hard stop on it so I don't have to watch it all right let's see yeah I know for tomorrow looks like a really really good setup it's just a really good looking setup not a five
109:15
Speaker A
star but you know like a fourar setup and also this DT it looks exactly like Sho we did on this day here exactly like Sho we did here this what DT looks like right now it's a bit slower like these are a
109:47
Speaker A
bit slower like they you know you should focus on the ones that are surfing the 10 day and the 20day uh but you know I I also trade the ones that serve the 50 day many times um but yeah like if I had buying
110:05
Speaker A
power left I would buy it but I don't so I'm not going to buy it but it's a good setup it's a four four star setup and also two that look really good IBO and htbx for tomorrow htbx looks a
110:26
Speaker A
bit better mRNA surfing the 50 day uh no it's not right now it's surfing the 20day but it has been surfing the 50 day previously yeah like yeah it bounced here it bounced here but right now it's surfing the 20day if it closes strong
110:45
Speaker A
it's going to be a setup for tomorrow looks like Twitter is taking out high so the day I I like Twitter like it's a bit slow but like I'm risking what 75 80 cents to potentially make I mean this thing gets going Why
111:02
Speaker A
Can't This thing go to 45 50 you know good risk reward like on swing trading you always want to get like you're aiming to get like 5 10 20 times 30 times your initial risk like the best trades you'll make 20 30 50 times your
111:22
Speaker A
initial risk you know you can make a lot of money even if you only have like 20 30% win rate you can make a shitload of money like my win rate last year I think it was 20 uh 20 was it 22% 25% something
111:39
Speaker A
like that and this year I this year it is a bit better maybe I don't know but maybe closer to 30% but but you you can have a win rate well below 50% and you can make a [ __ ] ton of
112:03
Speaker A
money and you know another thing you know there's a lot of these St Traders out there selling their subscription Services they you know they claim they have like these 70 80 90% win rates and maybe they have but if you need a 70 80
112:19
Speaker A
90% win rate to make money I'm sorry but your setup suck your methods suck you have a very little Edge if you need that high of win rate to make money uh what was your best month how much uh my best month was probably like
112:46
Speaker A
I don't know June or uh May or June or something yeah CH uh no wait uh wait yeah I think June this year was my best month I made 5 million I made 5 million bucks in June because the market was just so good
113:13
Speaker A
like look at the NASDAQ during June this is June month look at this thing was pretty much straight up a little bit pullbacks but you know still uh numbers yeah okay I I'll show you what those mean let's look at liongo
113:39
Speaker A
so what it means I'm going to show you these are from marketsmith these numbers these are earnings and revenue okay so the left column is the uh earnings like eps growth and the right one is revenue growth this is what
113:56
Speaker A
a growth stock looks like these these kind of stocks you want to make go Bel long the ones that have triple digit earnings and revenue growth this is the reason livongo went from like 20 bucks 150 in like 4 months 5 months this is
114:14
Speaker A
fuel this is called fuel rocket fuel is another word for it and that's pretty much what I put like I need to I I like to keep track of the story uh like the numbers like I can quickly if I scroll through like on on a
114:31
Speaker A
square too I can just quickly see the numbers okay that gives me a bit more conviction versus just some random stock that doesn't have any earnings at all like Twitter like this one really has shitty earnings and revenue growth but
114:46
Speaker A
again I think this thing could go like as a good looking sh very clean perfect 20 serving the 20 EMA perfectly and you know I talked about it before like this is like the most powerful social media platform in the world and if they
115:03
Speaker A
finally can monetize it when they finalize their uh sauce sauce model you know this thing could go to 100 billion plus so we'll see but I'm just rationalizing to trade but sometimes I need to rationalize things even though you really don't need to to
115:24
Speaker A
make big money in the markets f is going to be a great short setup for tomorrow if it closes strong like AMD yeah this one yeah this is the one that got away you know you're not going to
115:42
Speaker A
catch everything like in a bull market there's going to be hundreds of stocks that break out and make big moves you don't need to be in everything and also you don't need to be like Ultra concentrated like there's you
115:55
Speaker A
know some people you know successful traders that think that you know you need to be really concentrated you need to Pi put like 50% of your account in a single stock no you don't need to absolutely not you're going to make your
116:09
Speaker A
money in a bull in bull runs and every Bull Run there's hundreds of stocks that make big moves you don't need to put 50% to your account in one stock that's just stupid you know I would say generally
116:23
Speaker A
say don't put more than 25% to your account in any given stock there's just no need to like let's say you go Lo Tesla you put 50% your account in this thing okay and the next day you know this thing breaks out you
116:39
Speaker A
put 50% of your money in this thing or even worse you put 100% of your money in this thing and then the next day overnight ELO mus gets a heart attack and dies this thing is going to be down
116:51
Speaker A
70% okay it's going to be down 70% God forbid something happens to Elon but I'm just saying right or or you put something in a you know big position and some micro cap biotech stock like you know they have some bad news it's going
117:14
Speaker A
to go down 90% overnight you're dumb your career is over you don't have any career anymore in trading at least ety like Etsy is a good short setup like I think if it gaps up on earnings uh it could be a like a sell
117:38
Speaker A
the new scenario because it's really extended from the base like up you know it's up what 1 2 3 4 5 six days in a row this is going to be a like a five star short setup I just hope it gaps up on
117:51
Speaker A
earnings that would be an ideal scenario and I'm going to be on it um as long as it or if it opens break even just like Fiverr today not not Fiverr sorry uh livongo like this one also this one gapped up a little bit it
118:08
Speaker A
was up way up uh it was up way more in pre-market it actually hit like 160 almost 168 in pre-market but anyways you know first you know right out of the gate it put in a red one minute candle
118:22
Speaker A
and you know I kind of shorted it right there low 145s I shorted 10,000 shares now in hindsight I should have done two three times the size but whatever a really good setup like a festar setup and Fiverr looks similar also for tomorrow
118:38
Speaker A
if it can close strong today like we're in a runaway bull market like extremely good momentum market so there's a lot of these setups uh coming up that's a not a setup I trade you don't need to worry about it you don't
118:55
Speaker A
need that setup to make millions it's it's a little bit it's it's much harder setup to trade than just the breakout uh method I've U I've been teaching you okay guys I'm I'm just I'm I'm done I I don't I'm not going to answer any
119:11
Speaker A
comments or questions I'm just my throat is starting to hurt from Talking thanks for joining and I'll see you tomorrow and I see some people have dm'd me I'm going to answer here it is okay let's start Bitcoin
119:30
Speaker A
okay by now you know how what my setups I'm looking for you know a stock that has made a big move then G like like stocks and cryptos and all asset classes they they move like stairs okay this is how they move
119:47
Speaker A
generally they make a move then they go go sideways or pull back make another move go sideways a pull back make another move this is like how stocks move right if you if you study any stock that's up many 100% or
120:04
Speaker A
thousands of percents over many years this is how they move okay they moving stairs our job is to buy it here our job is to buy it here right our job is not to buy it here not to buy it here our
120:23
Speaker A
job is not to buy it here no our job is to buy it at the exact time it starts to build the next step higher this is oh what the hell happened now uh this is this is our job now we're not going to
120:37
Speaker A
be 100% correct my win rate is 25% but you know the key is all about small losers Big Winners okay this is what we're looking for right and then you get the moving averages the 10day the the 20day and the
120:53
Speaker A
50 day the leading stocks keep surfing those moving averages and that goes for crypto too let's look at Bitcoin okay now this thing made a move this is this is back in 2012 okay this is like early so back here it was very liquid
121:11
Speaker A
and unknown uh pretty much no one knew about Bitcoin back here uh but this is where it pretty much started moving making a move okay look at this setup it makes a move move go sideways find support on
121:24
Speaker A
the rising 10 and 20day moving averages gets tight has a breakout okay then you get like another you know little bit of a stair step like in my opinion there was no set good setup here but you know you get another breakout
121:41
Speaker A
okay then you get another one another stair step look at this higher lows goes sideways gets Tighter and Tighter serves the 10day another Breakout okay and then it kind of goes sideways for a while and here again after a while of
122:03
Speaker A
shop it starts surfing the 10 20 and 50 day gets tight a breakout you know a range break look at what happens to it and then you get like these smaller stair steps like here here here here in
122:21
Speaker A
my opinion these are two short the trade uh but you know look you could have used a 10day moving average right as your trailing stop look at the moveie you were have CAU look at this thing it never closed below the 10day moving
122:35
Speaker A
average this thing was a 10 bagger more than it went from what this breakout here 1340 1350 it didn't close below the 10day moving average until this like you know it went absolutely parabolic like you know you you wouldn't be crazy to sell
122:56
Speaker A
at least some into the strength but it didn't close like until you know it went to 260 almost that's like almost a 20 bger it also had a very this is a very good setup okay this here it actually
123:11
Speaker A
went sideways for a while this is a high tight flag it serves the 10 20day moving averages gets really really tight okay and has a this is like a five St setup like like this is like a perfect one and
123:26
Speaker A
even from this setup it goes up like what 4 500% in a month right and then it has a period of shop you know pulls back to the 50 day starts kind of building higher lows then it fades you know it
123:39
Speaker A
made a huge move so you know need to digest that move then it kind of starts training again like there's a potential setup here not a very powerful one I mean this move isn't that big uh but you
123:51
Speaker A
know builds another stair step higher fails comes back into range breaks out of this range uh you know look it gets tighter look the 50-day catches up to the price look at how tight it gets and then breaks out of this
124:09
Speaker A
range all you have to think about are at 10 20 and 50-day moving averages and again here again perfect breakout it serves the 10day moving average goes sideways boom break breakout look at this thing like look look how powerful
124:24
Speaker A
this thing is triples quadruples in a few months right and then you know makes another big move then it you know Fades back kind of you know does nothing for a year or whatever two years uh here it kind of finds a trend
124:43
Speaker A
again but I really don't see a setup on it um then he kind of shops around for a while again and now you know now it starts moving again and this is when you start looking for setups when when it makes a
124:59
Speaker A
move big move and the 10 20 50 start uh uh moving higher right this is when you start stocking for a setup and here it is here it is look literally the next day we got a setup look at it look at
125:12
Speaker A
how tight it is but it's in a really tight range it's Tighter and Tighter and when a 10day catches up that's when you get the breakout right now this thing uh you know pulled didn't double triple quadruple but was still a decent trade
125:25
Speaker A
right now it kind of shops around for a while here it finds a trend again and you know there are like a potential setup here and this is not like five star here it gets really tight kind of
125:38
Speaker A
breaks out a little bit not as clean um like here it has a shake out below the 50-day as said leg higher goes sideways tight range the serves the 10day and another range break and then here I kind I don't
125:59
Speaker A
really see a c tight setup like this setup was really not tight like look how loose it is now it would have worked but you know you look for tight setups here I would have wished another couple of
126:10
Speaker A
days of sideways for a tighter range but you get another breakout here with higher lows it's just not as tight as would I would have liked it but you know it worked didn't make a huge follow through but
126:22
Speaker A
what year is this now we're at 2017 this wait I need to check what uh triggered KC uh okay this one had earnings yesterday okay um so you know here's a potential setup I would have preferred maybe another couple of days of
126:43
Speaker A
sideways like these setups can be traded on uh on any asset class and this is you know the burst of the crypto bubble I guess no 29 no never mind yeah yeah that was the bubble move and here again you
126:59
Speaker A
know makes a leg higher uh this is not that clean of a setup but there is a setup it kind of serves the 20-day takes out the tight range not really that great to a setup but you know here there wasn't really maybe here
127:14
Speaker A
ah not really a clean setup you know sometimes you know stocks go higher even from Bad setups but your chob is focus on you know good setups and now you know it's kind of moving higher again took it
127:27
Speaker A
leg higher and now it's kind of it had a failed breakout two days ago pulled back and now it's surfing the 20day look at this thing today it found support on the 20day maybe next week or later this week
127:39
Speaker A
we get a setup it's the range hereare is still intact it's building higher lows you have a range hereare and you know ethereum same thing it moves pretty much the same look exactly the same but you know there
127:54
Speaker A
there's setups here too wait ethereum doesn't have more trading history than this okay like you had a flag oh this is wide and loose that's not a good setup but here is a good setup like it just keeps surfing the 20day
128:10
Speaker A
right puts higher lows the range gets Tighter and then you have a range breakout like this is a five star setup and look at what it does you know Big Move doubles in just a couple of weeks so you know these you know your job is
128:26
Speaker A
to identify these setups like all you know these these setups are going to appear for the they've been appearing for the past couple of hundred years and they're going to probably appear for the next couple of hundred years this is how
128:38
Speaker A
stocks move right they move in stairs you can clearly see you know we have one step another step then you have another you know step and Bitcoin has more uh trading history so this one has more steps you can just clearly let's look at
128:55
Speaker A
a weekly chart it's easier to see oh wait what G oh BTC USD they moving stairs your job is to uh identify the next stair step well actually weekly short is kind of a long time frame but you can clearly see it
129:14
Speaker A
like you a step higher or like like you know one step you have a second step have a third step obviously we and you have you know have one step you have a next step you have a next step you have the next step
129:31
Speaker A
Next Step it's just like a stair your job is to identify the next step just when it's about to break out okay you're not going to have a 100% win rate you're going to be wrong most of the time but once you catch something
129:48
Speaker A
a move like this you know you're going to make back 50 losers in one trade and that's where how you make money all right enough for the crypto special oh [ __ ] I [ __ ] up right now
130:11
Speaker A
holy [ __ ] oh my God I did the fattest finger trade on my trading career right now oh my [ __ ] God you guys are not going to believe this [ __ ] you're G you're not going to believe
130:23
Speaker A
this [ __ ] holy [ __ ] oh my God you you guys you're not going to believe this oh my [ __ ] god this is oh yeah I I fat fingered it big time holy [ __ ] unbelievable
130:53
Speaker A
oh this sucks man oh my God this sucks I just fat fingered it really big time and now it's uh yeah you know what I did I I actually I I just Mis I just double clicked on the wrong
131:17
Speaker A
place let's just say I'm short 85,000 shares in this uh yeah I'm down 350k on it I I just lost like I was down like 88k on it before and I just lost another like what 250k on it in like 5 seconds and it
131:45
Speaker A
got halted I tried to get out I got filled on like a few like 5,000 shares oh man I may take a half a million loss on this thing I haven't had a half a million loss in a few months this
131:59
Speaker A
sucks wow like avoid fat fingers guys this is the biggest fat finger trade on my career I've never been in anything like oh my God be what a piece of [ __ ] I've never fat fingered like this
132:15
Speaker A
before like yeah it's happened on you know like I double click and I I accidentally buy or sell twice the amount I I wanted to but not on something like this like not a momentum name like this this has never happened
132:33
Speaker A
before oh this sucks man I I think I'm going to call it a day if I you know if it UNH halts and uh like it would be great if it could gap down it's probably not going to gap
132:47
Speaker A
down yeah look I I'm going to be ready as soon as it un holds I'm going to cover it unless it gaps down which is it's not going it's not going to but so let's see we've had 5 minutes halts right yeah
133:05
Speaker A
we've had 5 minute Hal so it's going to UNH hold in like a minute or half or something like this WOW oo I need to clear my head after this it's not a big deal like half a million nowadays it's not a big deal for
133:20
Speaker A
me I've had you know bigger losses than that but it's just it's just oh a fat finger unbelievable how the hell does that even happen I I can't believe this [ __ ] oh that sucks man no I'm not going to blow up on this
133:49
Speaker A
[ __ ] no way even if I'm going to take that half a million dollar loss I'm going to be up a couple of million on the on the month don't worry about that we'll see we'll we'll have to see
134:06
Speaker A
where it opens oh please oh If I sacrifice a goat right now will it open down will this be the top like it opens from The Gap and goes straight down is it possible if I sacrifice a goat right now I need to get a goat
134:24
Speaker A
though can I get a where can I get a goat in the next one minute only suicide helps oh thanks guys exactly where do you get a goat nowadays 3315 is my average I wasn't even going to short it like I was going to move my
135:01
Speaker A
mouse button to the short uh like I wanted to wait for the first red 1 minute candle right so I was ready to short it in case it you know starts getting some downward momentum but I accidentally double shorted it I wasn't
135:17
Speaker A
even going to short it right there unbelievable able it's so stupid I don't know how it even happened I put my hand on a mouse and it was kind of there and I just unbelievable never this is just
135:32
Speaker A
this is just so stupid oh my [ __ ] okay okay okay okay it's going down from this candle it's I'm not covering yet I'm not covering yet it's it has never mind I'm covered I'm out I'm out I'm out I'm out I'm out
135:52
Speaker A
no I'm not out no what the hell is going on oh Jesus okay this is getting really stupid you know what now I'm definitely going to stop trading I'm out I no I'm not out never mind I'm done with trading
136:05
Speaker A
I didn't get filled it's impossible to get filled I thought like I saw it started covering shares but then it got halted again because it looked like it was initially going straight down and then then it went straight up and got
136:22
Speaker A
instantly halted this is just so stupid like this is guys you're not going to now I'm down almost a million on it this is just unbelievable never been in anything like this just because I misclicked unbelievable I'm going to write a I'm
136:44
Speaker A
going to do block post about this [ __ ] holy [ __ ] unbelievable what the hell is going on no they can't they can't help me I need to instantly cover it like instantly cover it when they on
137:21
Speaker A
like I waited for like 2 3 seconds because initially they pushed the stock lower that's the problem they pushed it lower and then I was like wait maybe it's going to dip now because you know look it's going to
137:39
Speaker A
dip damn this sucks this really sucks yeah I was trying to that is the thing it it's I have it doesn't cover like it takes a while like I couldn't get covered it got halted too fast it's it's
138:17
Speaker A
it can't cover me like instantly unbelievable like I did not see this happen never seen anything like this before Jesus [ __ ] Christ what the hell is going on dumbest thing I've ever experienced in my life and funny thing is it's going
138:45
Speaker A
to like it feels like it's going to this is kind to going to be like the last Halt and then it's go lower right this thing is a double in the past what 30 minutes it's a double in the past 30
139:01
Speaker A
minutes why can't this thing pull back a little bit I don't know I just never seen anything like this before yeah dude there's no way I'm going to average up on this thing that's a way to blow out what if it goes to 60
139:16
Speaker A
oh no way I'm just going to take my loss like a man and then you know [ __ ] this [ __ ] I'm going to take the rest of the day off there's just or I'm not going to take it off I'm just gonna
139:28
Speaker A
I'm still going to check in but man when something like this happens you know the best thing to do is just ignore the same stock just ignore it because the so you know I've done it before in my trading career when you
139:42
Speaker A
start to make it back on the same stock it never ends well or sometimes it does but it's just not worth it yeah I'm going to do some yoga is it going to get un halted yeah it's going to get un halted any second
139:59
Speaker A
now or is it a 10-minute halt this time around this time around I'm not even going to look at the sh I'm just going to look at the level two that's that's what [ __ ] me up I think because the sh
140:26
Speaker A
is lagging like it's like 1 second lag or something or maybe not I don't know it's just better if I just look at the come on will it get UNH halted is it a 10-minute halt I'm not fighting it guys have you
141:09
Speaker A
haven't you been here in the past 15 minutes I've been trying to cover it I can't cover it it looks like it's going to be a 10-minute halt this time around can't they have some bad news can't they do they do like an offering
141:36
Speaker A
or something this is just super ridiculous man I'm getting a codak moment here I'm covering I'm covering okay I'm all covered I'm all covered holy [ __ ] wow I lost another 400k on that on hold I just took a four point I just took my
142:25
Speaker A
biggest loss to my career this is the dumbest [ __ ] I've ever seen wow I'm still up on the month but that was that sucked I'm still up a few million on a month but this is just absolutely
142:38
Speaker A
ridiculous unbelievable unbelievable you know what you you you you're never experiencing things like this you got to be no matter how long you've been trading or how successful you are how experienced you are there's all these span aides what
142:56
Speaker A
the [ __ ] moments and this was just one of them wow unbelievable unbelievable and funny thing if if if I had just been quick quicker to press the cover button the first time it got UNH halted I would
143:13
Speaker A
have saved myself uh over a million bucks now is the question like this is like if I hadn't you know been short if I hadn't fat finger this [ __ ] are you kidding me this thing actually went up 65% 67%
143:36
Speaker A
from where I fat finger shorted it unbelievable 3315 I think was my average un believe 50% in a couple of un H holds oh I I've never been stuck in a halt like this before never on the wrong side I've
143:57
Speaker A
been stuck in not stuck I've been in stocks that halted but I've been on the right side but never on the wrong side never this is the first one and it it's even worse because it's a fat finger I still don't know what the hell
144:18
Speaker A
happened like I accidentally like I don't know what the hell like I double clicked the short button I was going to like be prepared for the first red 1 minute candle I even made a video about this setup like you're going to see it's
144:36
Speaker A
going to put in the first red 1 minute candle and then it's going to go straight down to 30 obviously with a bunch of halts along the way yeah 1.4 63 million no 1.4 67 million what the hell happened
145:11
Speaker A
unbelievable and now I'm sitting here and uh you know thinking should I should I should it if I see on a good setup because this thing is going to have a 50% pullback 40% pullback intraday from these levels I think it
145:30
Speaker A
will I think it could wow just when you think you're a market genius and this [ __ ] happens then get dumbest [ __ ] ever I shouldn't touch it again right no I shouldn't you guys you you remember when
145:59
Speaker A
I took a million dollar loss like four months ago like percentage wise that was much worse than this is this is not even 10% of my account like obviously it sucks right it's stupid but that $1 million loss was more
146:15
Speaker A
than 10% on my account back then so that was worse than this exactly Robin hooders got their shakes how many percent is it up now 2,000% no 1700% well that sucked hey guys don't do this at home this is for professionals
147:02
Speaker A
only this is for professionals only dumbest [ __ ] I've ever seen in my life don't do this at home looks like a 10minute halt again or am I wrong oh CS is going oh [ __ ] I oh wow
147:35
Speaker A
now these things are all going all the software names are going pretty strong now AMD looks good strong fastly looks good too yeah that that that was extreme wow unbelievable and it had to be a start like it just could it just had to do
148:05
Speaker A
like these seep these big opens like why couldn't they just oh my God look at that thing and look at this like if you look at the level two it's like 50 printing 50 37 like it gets instantly reh
148:29
Speaker A
halted is it lagging or something like it gets instantly re resorted wow it actually went up another 100% from where I fat fingered it can you believe that or not 100% never mind 80% and now it's probably going to have
148:48
Speaker A
downside holds Maybe wow well I mean that sucked oh that sucked I I have to say that just sucked that sucked but in a way like it was a total accident I I had absolutely not plan to do the trade and not only that not only
149:24
Speaker A
that I fat finger shorted it I double shorted it it's it's like unbelievable dumbest thing I've ever like oh like is it even dumb it's it was just like a physical accident I wasn't even like doing it consciously yeah Etsy looks great man
149:51
Speaker A
some of these stocks look pretty damn good and listen let's see this is my longest term scan so this one scans for the uh biggest winners over the past two years you don't need this scan uh like I
150:15
Speaker A
talked about the one month 3 month the six Monon scan scans yesterday those are ones you need I'm just going to want to find like stocks that have gone up a lot over the past two years so we can look
150:26
Speaker A
at good setups um right now there's not going to be that many stocks here um since it's um you know I have pretty high uh volume criteria and the market or U and the market is just you know just opened
150:45
Speaker A
Overstock we've talked about recently but we can go back and look at Overstock back in 2017 I'm going to open I'm going to do this another tab swing trading School tab there's no noise here this is what your uh setup needs to look
151:00
Speaker A
like this is uh what it should look like no more indicators than this let's go back over stock in 2017 this was one of my biggest winners in 2017 look for good setups okay and these I traded these setups I
151:22
Speaker A
traded okay uh I did miss this one but this was a pretty decent setup and like guys you need to take like you need to build your own database of these you need to take screenshots and put it in you know in a folder or
151:38
Speaker A
whatever get the Evernote or something you need to like build a database of these so you can go back this was a very good setup this one I remember I traded opening range R I think they reported earnings or
151:50
Speaker A
something it doesn't really matter like it it found support on the rising 20day first first bounce of the rising 20 took out this range at 25 on big big volume that's a good setup here's a good setup surfing the 10day building higher
152:12
Speaker A
lows getting Tighter and Tighter and then breaks out again on high volume um this is like um n it's a bit tricky that's not really a great setup but here I'm going to show this one too it first bounce of the 50 day and
152:34
Speaker A
has a range break here bounces the 50 they breaks this range and big volume that's a good setup and then you obviously had good setups here but I I talked about these setups uh previously on short School uh
152:55
Speaker A
swing trading School Overstock I'm short 25,000 shares um for those who follow my long uh short short setup uh but yeah I promise not to talk about the short so I don't know how to do it like should I talk about it or not just
153:14
Speaker A
not to confuse people like guys just a simple rule if you if you haven't made your first million yet don't short you ignore any anything I say about shorting just ignore just ignore it I'm not talking to you when I mention shorting I only talk
153:33
Speaker A
about to the guys who uh have made at least a million okay cwh this thing let's go back and look it never really had a big it was never a earnings or like momentum leader but it's been a
153:47
Speaker A
momentum leader recently this year since the corona crisis like this is a decent setup not a five star setup but a pretty decent setup like this one right here you can you can just see how clean like you know you need clean setup
154:08
Speaker A
something just keeps surfing it's not all over the place like it's just keeps surfing the 10 day and then the 20 they catches up look at this it says higher lows and then you have a range here it
154:18
Speaker A
breaks that range it wasn't like a super obvious setup but this was definitely like a tradeable setup Square we can go back and look back uh wait didn't I talk about this one yesterday or day before I don't think I did no I did yeah
154:40
Speaker A
this one I went through I think yesterday so not going to talk about that one this one I talked about before scdg this one I truly can't see any like I've been stalking this thing forever um this really oh
154:56
Speaker A
yeah back here I no never mind yeah here I traded it couple of times uh back in 2017 like this was a good setup uh this was an earnings winner uh like look at it's in a big big uptrend it keeps
155:11
Speaker A
surfing that 20day then it kind of starts breaks down a little bit and find support on the 50-day bounces of the 50-day builds higher lows and then it has this tight range this is a very good setup I know I traded
155:34
Speaker A
it Ru this one I traded back in 20189 I remember I'm going to show you guys this one I actually traded on stream no wait which one did I okay no never mind uh this is a very good setup
155:50
Speaker A
okay big uptrend and the you know bounces clean bounce of the 50-day can see it builds higher lows and then breaks this Range Five Star setup beautiful beautiful setup I I traded this one and then there was another one I traded on
156:08
Speaker A
the stream but I didn't follow my own sell rules this one here not as obvious I think it bounced off the 100 day or something you know what ignore this one you don't need to pay attention to this
156:19
Speaker A
just pay attention to the ones that bounce off the 10 or like serve the 10 20 and 50 day you don't need to pay like yeah ignore that one never mind forget I said that um carvana I talked about the
156:33
Speaker A
previous few days EMP EMP I don't think I talked about uh let's see good setups like this is a good setup really good setup just keeps surfing the 10 and 20 day and then it breaks this range and
156:51
Speaker A
big volume like this is how it looked like the day before it's not a super obvious one but it's there it's not like a five star but little like three and a half four star like some setups are really really
157:05
Speaker A
obvious you like Tesla like this one you know it's going to be juicy once it breaks like it's just so tight long consolidation but some some consolidations are not that long AMD this one had many many setups over the
157:21
Speaker A
years oh man if I just could if I like I was a really shitty swing Trader back in7 2016 I was not very good at identifying these setups but this is a five-star setup this is a five star
157:35
Speaker A
setup but it it would have stopped you out because on this day here it took out the lows of this day right so you would have gotten stopped out but this setup here was five star uh like I can't go back more than
157:47
Speaker A
this you can do like this like you know take you know you need to take screenshots of these things you need to go back and study these things for yourselves this was also a really good setup not a five star because the
157:59
Speaker A
previous day's candle was kind of loose but it had this big range break and it had been building higher lows um this thing had AMD has had so many good setups over the years some I missed some I traded this is also a
158:15
Speaker A
really good setup sech the 10day undercuts it builds higher lows for 3 days two days and then breaks out really good setup beautiful setup uh this was a good setup you get bounce of the 50 day it kind of breaks down pulls back
158:38
Speaker A
finds support on a 50 day builds higher lows guys you see this many times these things build higher lows here it built higher lows here here here like before their breakouts they most of the time build higher lows very important concept
158:59
Speaker A
okay it did kind of have a pretty decent setup here right here built higher low surfed of the 20day uh but this one didn't have any follow through like you know just because it's a good setup doesn't mean
159:13
Speaker A
it's going to work and here um you know what I would have traded this setup I don't remember if I trade it but again this one would have stopped me out too and look with this method you can have a 30% win rate and you can you
159:29
Speaker A
can double triple quadruple your money in a year if the market is good you don't need a 80% win rate or even a 50% win rate get used to losing get used to stop getting stopped out the best Traders are the ones that
159:45
Speaker A
can dat the best losses okay this this one I did trade like you know look at this thing surfed bounced off the 20 they started building higher lows get it got tight this one I did trade oh no never mind I didn't trade
160:10
Speaker A
that one I traded this one and this is one of my oh what happened on this day like like this is a festar setup it's a really good setup you have this range with higher lows oh wait what happened
160:23
Speaker A
now like I bought the this one reported earnings this day I bought an enormous size I had like 50% of my account in this thing when it took out the opening range lows but it stopped me out It
160:35
Speaker A
reversed after I bought it it shook me out I took a decent loss on it and then it reversed again took out the highs of the day remember I had 50% on my account on this in this thing like with a
160:46
Speaker A
perfect entry but it shook me out and look at what it did this is no joke I never got back in I didn't get back in look at what it did guys feel the pain I hope you're feeling the pain together
160:58
Speaker A
with me because when I see this I'm feeling the pain okay if I had taken this trade you know well what can I say what can I say it it only went up 96% 95% over the next couple of
161:17
Speaker A
months guys the stop is always lows of the entry day and after 3 to 5 days you sell a third to half of your position and move the stop to break even and then you use the trailing 10day the first close below
161:39
Speaker A
the 10day moving average is when you get out and this thing if you if you Ed that you would have sold a third to half on either one of these three days either here no sorry one of these three days
161:52
Speaker A
you would have sold a third to half just to lock in some profits mov your stop to break even and you wouldn't have sold the other 2/3 to half until this day here okay this is where you would have
162:05
Speaker A
gotten out these moving averages work the 10 days is an incred incredibly good moving average for for the biggest momentum stock it just works so well it's not perfect but it works really well it's almost like cheating this
162:21
Speaker A
thing I traded on the stream this is a F this is like the this is a six-star setup on a fstar scale you know you got to [ __ ] memorize this this is a six-star setup on a five-star scale you
162:36
Speaker A
don't get these many many of these look at how tight it is bounces perfectly off the 20 dig it's really tight this one I traded on the stream unfortunately I wasn't really good at following my exit rout rul and look at the move it
162:52
Speaker A
made or no I did follow my exit jues really well I think I sold it I think I sold it somewhere here on the first yeah I did follow my exit I think I sold it on this day when it closed below the 10
163:04
Speaker A
day the first GL closed below the 10day and now you probably understand why I'm so excited for Tesla like I'm literally dreaming about Tesla it's going to be an enormous trade it looks exactly like it but it could also be a big breakdown
163:24
Speaker A
right and then in that case I'm going to short it but you know this thing breaks out it's going to go to 2,000 I'm going to be a buy a big big position you got to memorize these things and for example like is this a
163:40
Speaker A
good setup right it's not because it's not surfing any of the moving averages right there's no clean Trend it's been going sideways for months and months okay is this a good setup well this one actually was a good setup you know what
163:55
Speaker A
this was a good setup it undercut and bounced off the 20day built higher lows took out this tight range this was a good setup but it didn't follow through it it would have stopped you out was this a good setup uh like I
164:09
Speaker A
actually traded this one uh because I I anticipated this big you know it's you know it's not really like what I'm trying to teach you um like you want to be in the stocks that have the high you know that the 10
164:24
Speaker A
and 20day and 50-day moving averages are in a high angle like they go like straight up like they go up in a like 45 Dee angle those are the kind of uh stocks you want to be in like where like
164:38
Speaker A
where the 10 and 20day moving average are in this type of angle right you can just you know or or maybe even more like you know something like this I don't know is this 45° guys can you confirm is this like
164:54
Speaker A
45° or am I missing out this is like 90° wait ah the [ __ ] why can't I do a line what why can't I do a line what the hell is going on I can't draw a line what the
165:14
Speaker A
hell wait wait wait wait wait wait so you have a straight line is this a straight line almost so this is like a 45° right 43.25 50 stop trolling me God damn it this is 45° plus minus a few degrees you
165:39
Speaker A
want you know stocks that go up in 45 degree angles 45° or even more you know what damn I wish I like I could have a permanent 45 degree line on all of my sharts uh H Shopify I think I talked about it
166:03
Speaker A
this thing had some decent setups over the years or actually it's kind of n it's a bit tricky it only like it had some good setups past few months but it's been kind of tricky this year like apps I want to talk about okay let's do
166:18
Speaker A
another 45 de angle this is like 45° right again this is uh like this one actually went up higher than 45° but it needs to be at least like 45° right this is a festar setup memorize this okay take a screenshot you know you
166:40
Speaker A
need to learn this okay you need to be on these things W let's do another 45° angle this is 45° I'm a natural this is 45° like it wasn't as obvious but this thing you know the market had a multi-day pullback and when
167:01
Speaker A
I say say the market I mean the NASDAQ this thing just undercut the rising 20 and just couldn't go lower it was back at alltime highs immediately this one I bought I'm still in it I still have 4800
167:15
Speaker A
shares I think I bought 9,000 shares is something 8,000 I don't remember right that's a really good setup and if you didn't buy it here this is acceptable setup too and look at it now Tesla let's do another 45°
167:36
Speaker A
angle uh where is it here like this one is moving up way faster than 45° way faster so that's a good thing you need to you need you want at least 45° but faster the faster the better uh to this one I really don't see
167:55
Speaker A
any good setups maybe like this nah oh this was maybe a kind of decent setup this is just right after the March lows this thing was back at all-time highs really quickly so this would have been an acceptable setup in
168:11
Speaker A
the context of the overall Market this is like literally couple of weeks after the March lows and this it was just you know it barely didn't really go down much during the corona or it did go down 30% but it was just reclaimed the 50-day
168:26
Speaker A
like in just a couple of days uh so it was a decent setup in the context of the market but you know let's just ignore it it may be too much information for you most of you uh Sr well this one I talked
168:39
Speaker A
about yesterday I think or today before had good two really good setups here here I traded both of them uh Kodak uh codec looks like it's going to step me out uh but codec too it kind of bouncing
168:55
Speaker A
of the 10day uh building higher lows you can just clearly see in the daily shart it's building higher lows every every single day it's been building higher lows uh but it's not really the type of setup I'm trying to teach you this is
169:09
Speaker A
more you know different variation like there are variations of these uh of these setups um I know this one I've been trading several times good setups this was a good setup didn't have any follow through um this was another good setup I
169:33
Speaker A
think I traded it if I remember this is like a five star setup serve the 20-day build higher lows again the higher lows you buy the opening range highs where you know you try you cannot you want to buy them as
169:47
Speaker A
fast as possible like after they trigger once they start taking out the ranges but sometimes you're kind of un unsure so you know it's it's you can you can buy them any type of any time of the day
170:00
Speaker A
as long as they are not up as long as the stop is not further and Away than the average two range okay so let's say you you this is real time you see it right now like the lows are the day is
170:13
Speaker A
what 11:05 and the stock is at 12:05 right so you would have to use a dollar stop and the average true range back then since this you know share price was lower it was you know let's just say it
170:27
Speaker A
was a buck 50 right so that would have been fine but if the stock would have been at 1270 you your stop would have to be uh a buck 70 and then it wouldn't have been fine then you would have to you know either
170:42
Speaker A
buy a dip if it dipped a little bit or if it you know just let it go it's fine to let stocks go the there's so many opportunities you you can't trade them all this was a little bit more of a sub
170:53
Speaker A
setup but it bounced off the 50 day took out this little range that had this strong candle melee this one this has always been a bit shoppy kind of hard to trade not really a clean this is one I've
171:11
Speaker A
followed for years I traded a couple of time but almost never puts in good setups this is a good setup though right here right here on this day that's a good setup uh and I I think I traded it I
171:25
Speaker A
don't remember uh this is a good setup it's got a little bit slower stock you can clearly see it on the chart like the daily candles are like kind of you know it's just a slower type uh but this was
171:39
Speaker A
a good setup um TTT we've been talking about pen no this one doesn't have any plug uh had a good setup can we go back to 2014 no we can't we can't go back to 2013 um that's why I I I find tc2000 a
172:09
Speaker A
bit annoying they they should like get their [ __ ] together you should be able to go go back and however long you want it's just stupid you can you can only go back like 5 years it's kind of like it's
172:22
Speaker A
just stupid this was a good setup it did Gap up but then you know when you have a like a powerful sh you know a gap up is okay uh as long as you get it on the opening range highs let's say opening
172:37
Speaker A
range highs the 1 minute or 5 minute or whatever you can add on all of them like if you miss the 1 minute opening range SI maybe you can add on the 5 minute but low of this day should be your low of
172:48
Speaker A
the day should be stop and the stop shouldn't be higher than the average true range but this was a pretty decent setup right here and you know kind of this thing kind of had a setup a couple of days ago
173:03
Speaker A
it kind of bounced off the 50 day put in a strong candle and then it you know started going the next day you know it's a trickier setup but it's a variation I passed on it I did see it but I just
173:15
Speaker A
passed on it and nvx we've talked about several times really perfect breakout right here five it is a six-star setup on a festar scale all right anywh who so we went through even more setups uh today and tomorrow I'm going
173:39
Speaker A
to do one another scan and you know we'll go through even more setups but the key is you know you need to put in your own work like you need to put in every day you need to put in work
173:52
Speaker A
identify you know you need to go and you know scan for Big Winners and then you just look for setups okay you see the same patterns they they occur over and over again is mchb a good setup uh what
174:49
Speaker A
how the hell this doesn't even remotely look at anything I just got showed you guys no it's not a good setup it looks like [ __ ] what I think of Bey I'm long Bey this thing had a five star or yeah five
175:11
Speaker A
star setup here when I bought it five star setup bounced off the 50 day build higher lows took out this range boom five star setup right there hence why I bought it how do I manage Toops lows or a day
175:30
Speaker A
for this method I'm trying to teach you you move your stop to break even after the first 3 to five days what about KSU no it's not a momentum leader like you can clearly see like KSU doesn't have the 45° angle right it's
176:07
Speaker A
kind of sloppy right it's just no it needs to be clean on the 10 and 20 and 50 I mean it is kind of but it's it's not really there it's just not like it wouldn't get on your scans probably like
176:20
Speaker A
down here when it broke out on the like these days and this day it wouldn't have gotten on your scans it's not a momentum leader hey chees Smitty what kind of Life question do you you have guys like don't be afraid to ask me
176:54
Speaker A
like especially like it's like an when it's like an hour hour and a half after the open and things are calming down you can ask me anything you can ask me like I can I can be your psychologist I can
177:04
Speaker A
be your best friend I can give you life advice I can give you love advice hey look I'm here for you guys Ari metric is not valid for the 45 degree thing yes it is do I own a child care center what no
177:37
Speaker A
I don't why do you ask me that that was a random question Child Care Center absolutely Oh you mean like the sounds from outside no it's my neighbor's kids they were just running U running uh in front of my
177:59
Speaker A
house yes I do almost only 99% of my trades are swing trades uh my stops are usually like maybe you know half around half of average true range they are rarely uh full average true range I I always feel like I'm
178:19
Speaker A
chasing when I'm when the stock is closing in on the full average two range think or Swim yeah I had a think or Swim account but they closed it because I I hadn't funded it I had a think or Swim before it would got bought
178:47
Speaker A
out from by a mer trade I think uh back like 2011 2012 2013 but then he kicked me out because I hadn't funded the account but they they had good sharting The Profit charts were really good I like
179:03
Speaker A
them Twitter uh Twitter is um you know the only bad thing about Twitter is like it's ADR is only 3.6% none of you should be trading it none of you should be trading it okay yeah I had to but it it's like a fourstar
179:35
Speaker A
setup thoughts on CLS SK uh nah nah I don't think it's a good setup here like it like all of you you should probably use at least 5 6% most of you the on they want they all of you that
179:57
Speaker A
have less than say a couple of million in your accounts I use 4% I actually increased my scans from 3.5 to 4% yesterday um and then you know look and yet I'm still looking at Twitter it's at 3.6 you know what can I
180:15
Speaker A
say Crocs uh no like it's in a nice uptrend yeah but it's not tight like it's kind of like shoy like it's kind of shoy it's not a clean sh needs to get tight what about cult advice I don't
180:43
Speaker A
have any cult advice can you be my dad I I think it's a little bit late to be your dad I kind of have to be there at the conception why is the earth lat uh because of science let's see how many people leave
181:07
Speaker A
the chat now oh God how do you feel your trading performance good or bad from affecting your mood with long one it doesn't my my trading it's the other way around my trading um um um affects my my feelings
181:28
Speaker A
outside of the market but my feelings outside of the market never affect my trading how do I I prep my day um yeah I'm probably going to write the you know like in my uh about page about it that's
181:46
Speaker A
a good question how do I prep my day yeah I'm going to put it on my in my about page um I I have a little bit I did write a little bit about it but I need to do a little bit um little
182:05
Speaker A
I you know maybe a few more sentences how I how my day goes by I'm going to maybe going to do like a like a time like 9 around 9 I get up like 10: go to chim uh let's
182:24
Speaker A
see uh work okay yeah here it is okay how do you spend your mornings leading up to Market hours okay that one I'm going to write a little bit more on where are the car picks uh I can show
182:49
Speaker A
you the car picks um let's see um no well I don't actually have pictures of my car I have one video of it I have a one single video of of the car uh where is it where the [ __ ] is it um no it's not
183:13
Speaker A
here oh okay it's not here uh where where the hell is it um I'm I'm trying to find it somewhere on my phone oh here it is I'm going to um put it on my Google Drive okay if I'm stealing fastly no why would
184:03
Speaker A
I be oh wait fastly I never was in it or I was in like I bought it here right and I got stopped out I think on this day here and since then I haven't been in it no uh easy stock trade entry to stop is
184:27
Speaker A
no more than one times average to range sdgr um yeah you know what it could be a good it's not that clean because it's like a little bit too far below the 50 day but it is actually you know it could be it
184:44
Speaker A
could work it could work it's not a bad one uh maybe maybe like tomorrow starting tomorrow it it would be a decent setup like three and a half four star when in a swing trade how are you deciding to take profit or sell
185:05
Speaker A
completely guys go back and look like every single uh swing trading School I've done like every like for the exception with yeah every day like no with the exception of Monday but Tuesday Wednesday and today I've done swing
185:21
Speaker A
trading school so I've talked about the sell rules they're very simple uh guys you need to read the about page yes there there there is somewh I show my current positions or actually yeah not not on this chart but
185:45
Speaker A
the because on the swing trading school I use uh this chart only but here this books here these are my uh current positions how I use Twitter as a trading Tool uh I look at news I have a very
186:01
Speaker A
curated list of people I know are good on their with what they do and uh yeah some some of them have good trading ideas some of them are just news guys but I think Twitter is a very good tool
186:17
Speaker A
to get a grip of what what's going on get trading ideas and you know just news just what happened what's happening and I'm talking about stock specific news sector specific news yeah thanks migy for um yeah explaining where my positions are really
186:37
Speaker A
appreciate it like wow this this uh moderator thing is awesome is the video super delayed uh it shouldn't be there shouldn't be no uh how's my Swedish investment business ah it's kind of slowly going forward not really putting a lot of effort in it
186:55
Speaker A
right now it's like vacation times and everything thoughts on IB iio uh like if it can close strong it would be a setup for tomorrow but it's kind of kind of weak for now Mara well I mean Mara and Bitcoin I
187:12
Speaker A
mean gbtc there are no setups on them right now how much is TC 2000 I don't know you can uh just uh go to their homepage and figure it out uh I have no idea what am I paying
187:27
Speaker A
for tc2000 whatever the amount I'm paying I would be fine with paying 10 times as much you mentioned in the beginning of the stream something about the best short setup which you which you saw it was something related to volume if
187:48
Speaker A
remember I don't know I don't remember which one do I share my current positions or you past trades yeah all my current positions are in this list I almost always tell you guys when I buy or sell something on the stream I almost always
188:03
Speaker A
tell you guys unless I forget to because there's so much going on but I'm thinking about like on a thinner name so I'm not even going to mention them because I don't want to have a 200 people you know chasing the
188:17
Speaker A
same thing I'm buying or selling like I I'm I don't want that kind of following I want PE only people in here that are willing to learn to stand on it on two legs or since we're trading sit on your
188:39
Speaker A
asses and not follow me blindly there are a lot of services who are willing to take your money happily if you are out for that if you're looking for that yeah I look like I think Nathan mot is a great guy he's a successful Trader
189:00
Speaker A
but I just don't think like scalping is just a great you know it's just it's just so hard there there's so many things that can go wrong like you're always like near your entry you you like it's just I I I don't think scalping is
189:16
Speaker A
you should you shouldn't it I don't even think you should day trade you should I think swing trading is the best thing to start with like I started as a day trader because I didn't know anything else the people I followed were day
189:28
Speaker A
Traders it took me a couple years before before I found someone who was swing trading successfully his name is prep and he runs stock b. bis oh the ADR formula yeah yeah it's I it's guys the ADR formula is on my bu
190:02
Speaker A
page all you have to do is you do this you take the ADR formula um like I don't even know wait wait how do you do it like if you want to do like let's you want to create the same scan
190:15
Speaker A
like I have biggest one month gainers like I told talked about these yesterday biggest 1 month 3 month and six Monon gainers you you put there volume dollars you click the plus button here choose condition I click here
190:33
Speaker A
volume right and then you choose volume dollars wherever it is dollar volume here right and then you put it yeah so which is the same thing as uh which is this formula here you can I probably put it in my ually to greater than and I
190:50
Speaker A
have 80 million most of you guys should have something like maybe 10 or 20 million but no more than that since you have tiny accounts and here wait why is this 3.5 I thought I changed it to 40 uh four oh
191:08
Speaker A
because I forgot to uh save the save the page no wait what what is this it should be four uh but you guys should CH like five or six and price craft one month ranks you choose rank here C in low
191:25
Speaker A
22 that's the formula and you put a rank that's probably 90% 90% plus maybe even 95% plus and after when the market is closed okay you should play around with these uh but you you shouldn't get more than
191:43
Speaker A
50 candidates on any of the three scans one month month 3 month and 6 month gainers if you know if if you get more than say 50 60 candidates you should probably like increase the rank here or you should increase the ADR perc let's
192:01
Speaker A
say you have a like ADR 5% and you get 75 results and then you increase it to 6% and you get say 55 results and that would be fine you don't want too many um like results like around 50 60 is good
192:21
Speaker A
enough on any of these uh three scans um okay any okay enough with the short school for today I'm getting really tired again I need I just need to catch up with this uh uh shat how often do you
192:39
Speaker A
withraw anytime I have an big expense like taxes or expensive as [ __ ] car I withraw money why I don't trade Apple Amazon Google and Facebook uh because they're too slow look at Apple ADR of 2.7 Amazon ADR 3 oh this one is actually
193:08
Speaker A
kind of high but uh you know it's just I haven't seen any good setups like there's all these like there's there are better ones there Google ADR of 2 .4 Facebook ADR of 2.8 it's just too slow way too slow I don't trade
193:25
Speaker A
slow well actually my car has 619 horsepower well actually uh did they call you for a new market wizard book coming out yeah oh man I'm so oh so excited for the new market wizard book holy [ __ ] I can't
193:54
Speaker A
wait oh I'm going to look look look at this like oh my God I don't know if I would qualify for the market Wizards books I don't know maybe I would uh Market Wizards here let's see the yeah I think
194:10
Speaker A
it comes in um November um wait wait where is it Market Wizards uh why can't I find it should be on Amazon I wait wait more Market Wizards where is it un unknown unknown Market wizard is that the name of oh here it is here it
194:36
Speaker A
is I found it um oh man November 3 oh man I'm going to get this book oh I'm going to get this book like look re guys guys guys look at this a Trader who turned an initial account of TW 2500
194:52
Speaker A
into 50 million oh my God I want to know his method he's you know you know a guy who averaged 337 over 13 years um like he would be a multi-billionaire uh so I guess he's kind of like maybe a day
195:09
Speaker A
trading strategy where he withdraws money and starts over with like a smaller account I don't know uh who knows I don't know um a Trader who made tens of millions using a unique approach that employed neither fundamental nor technical analy analysis
195:26
Speaker A
that's also pretty interesting but it also depends on what he started with and how many years it took uh but it kind of you know that's sounds exciting a former ad advertising executive use classical short analysis to achieve a 58% average return over 27
195:44
Speaker A
like this guy should be a millionaire too oh please please don't tell me it's Peter Brandt no please don't tell me it's Peter Brandt oh God that guy is a [ __ ] fraud Peter lbrand like the guy
196:01
Speaker A
claims he's made like 30% per year over the past 30 years he's he he should be a multibillionaire yet he has a uh a service he sells for like a couple of hundred bucks per month I mean something
196:15
Speaker A
is very very very wrong wrong here the guy should be a multibillionaire don't please don't tell me it's him but on the other hand like if he checks Swagger he probably should have like uh you know looked at his statements maybe you know
196:31
Speaker A
I don't know like like look at this guys he claims he's made H let's see it doesn't say anything about I I read his uh his claims somewhere but look look at this thing private Twitter alerts does this guy sound like a
196:56
Speaker A
billionaire no probably not wait how much is his service become a factor member 347 bucks hey yeah I don't know something is fishy some some something doesn't add up I don't know I don't think it this guy no
197:18
Speaker A
I I think Peter brand he claimed like 30% this here says 58% all right uh a promising junior tennis player in the UK who baned his quest for professional sporting career for trading and generated a 9-year track record with an average return of just 9
197:35
Speaker A
years so 300% yeah that's how you this is how you turn a couple of thousand into tens of millions this is exactly what I did my average return over the past s years is is just under under 300% it's actually
197:52
Speaker A
um let's see how much is it since 2013 not including this year uh but up until last year my average annual return was 200 no wait 268 per. this is how you turn a few thousand into tens of
198:12
Speaker A
millions you have mult you know triple digit percentage return over a period of you know several years 5 10 years that's how you turn a few thousand into uh you know tens of millions oh man I can't wait for this
198:29
Speaker A
book oh man so exciting this is like the most exciting book ever I've never been this excited for a book in my life Jesus Christ I'm going to get that one I'm like 30 minutes behind reading the chat oh my God there's too many
198:53
Speaker A
people yeah GSX is setting up for a nice oh yeah GSX the higher it goes the better I took a $116,000 loss on it yes uh today like on Half Size uh but this one is going to be an insanely good
199:07
Speaker A
short eventually higher it goes the better uh how do you do taxes again again go to my about page please 30% tax rate in Sweden um what program are my oh man guys those who you new here you
199:36
Speaker A
haven't read my about page go to my about page why did you decide to teach us folks uh it says it on my about page exactly smey exactly swing trading is also better if you have a regular job
200:07
Speaker A
you don't have to sit and watch the market all the time oh this is also something I'm I'm going to put um in in the about page uh how do I prep my day okay so I'll put it
200:23
Speaker A
there put it here that's a very good question yeah a good very good um uh comment yeah uh let's see day trade I'm I'm just trying to edit my about page as I I'm talking why did you switch from
200:37
Speaker A
yeah so where is mig's comment uh no wait whose comment was it uh how long would it realistically take a to make a million from 100K well it depends on the market but in a decent Market you know if you do like 200% per
201:02
Speaker A
year and after every year you pay some taxes like I mean look it depends but 2 three years if you have the skill and the market is good and if you use good uh methods oh oh [ __ ] did I delete something no I
201:34
Speaker A
didn't yeah most of my uh stock yeah relative St strength raing on Market SM yeah exactly yeah that's very true why do all Traders seem to be into cars so lame well you know there's two types of traders who are into cars you are the
201:55
Speaker A
ones that uh rent Lambos take pictures with them so they can sell the trading service and then there are the ones that uh make real money trading and buy their dream car the second category is me look it's only lame if you're not
202:19
Speaker A
interested in cars I like to have a nice car I'm I'm literally I literally bought my dream car that's not lame that's [ __ ] awesome wait is prep in the market Wizards book really no way no pradep hasn't been trading
202:49
Speaker A
wait pradep wow is he is he in the market resarch book really that's awesome yeah my top oh that's good yeah top 10 trading books yeah yeah oh yeah that's a good question that's a good um uh idea I
203:38
Speaker A
mean what do I think about Nat uh no doesn't have any momentum you know it needs to be in a 45° angle right it it needs to be surfing the 10 20 and or 50 day right this doesn't fit it like here was a potential
203:58
Speaker A
setup right you had the 45° angle you have some narrow range candles and you have a breakout but it wasn't like a super clean setup this is this is a pretty decent setup like this one you have a big move sideways and it kind of
204:12
Speaker A
break you know bounces off the 50 day builds higher lows for a period this is like a variation of the setup you should like learn right but here it's absolutely nothing here no I pay no you don't have to pay
204:34
Speaker A
us taxes for trading in uh no I pay you you pay taxes where you residences what's the capit uh yeah I'm going to changed that and also uh oh yeah tax treaties yeah tax in Sweden oh [ __ ] I forgot to get my old car from
206:38
Speaker A
the from the a [ __ ] man I got so excited streaming oh now I don't what what I think of the Porsche 911 I think it looks good but I would get the Porsche tyon if I would buy a
206:55
Speaker A
Porsche oh prip is not in the book okay how much you will be charging for your lessons nothing what made me Interest in Sharing info and streaming go to my about page please guys you need to read my about
207:21
Speaker A
page it's all there what I learned from Pradip uh the same exact method I'm trying to teach you is what I learned from Pradip hey uh guys those of you who who um who are moderators um I I I I already talked
208:15
Speaker A
with do on on Facebook but could you guys write to me on messenger I want to create the group with uh with just you three so we can talk things through um why do I sell on every pop well not
208:52
Speaker A
every pop like it needs to go up a decent amount like but yeah but I Trail them most of the most of the position usually but yeah it's a mental thing if I'm a member of predip page uh Stock
209:06
Speaker A
People B yes oh man [ __ ] I got carried away with the with a stream I should have gone to my car dealership but now a [ __ ] when do they close I think they close at 6 they
209:24
Speaker A
close in 19 minutes God damn it I have some stuff I need to get from my old car oh man yeah chia6 is going to be a juicy short starting tomorrow look at the Celsius thingy look at this setup right
210:28
Speaker A
here five star setup memorize it and here yesterday too this thing had a really good setup look at how it's just surfing the 20-day perfectly you know you got to you got to scan for those and I'm probably going to do a blog post
210:48
Speaker A
about scanning and you know like more specifically what you should what and also like the setup uh Kodak am I still in Kodak No I'm probably uh yes I am but I'm probably going to get stopped out it
211:05
Speaker A
looks like it's going to stop me out looks like a lot of the growth stocks are pulling back today which is good uh well which is like it's good that I added to my like I added a few
211:34
Speaker A
shorts just to uh like uh okay Roku to Roku is now losing the 20day like Roku is not looking like I thought it could bounce off the 20day so far it's not able to fastly too it looks really really
211:57
Speaker A
weak not not good all right guys uh my stops are intentionally taken out who cares you going to get stopped out you know there's no reason to blame any Market makers and you know there are no market makers uh what broker do I suggest I use
212:25
Speaker A
interactive brokers and Center Point all right guys uh I'm going to cut the stream now whoever SW me by the way uh all right I'm going to cut the stream now thanks to the moderators for keeping things in trade it um you
212:49
Speaker A
have a big big move this is the basic premise okay I'm going to show you I'm going to show you in like a black short this is the basic premise you have a strong stock makes a big move okay has
213:01
Speaker A
to be like let's say doesn't matter if this is a one month move or a 3mon move or a six-month move doesn't matter the time frame but it has to be in the top one or 2% of the
213:13
Speaker A
strongest stocks in that time frame and then what happens they usually pull back right pulls back let this is the start of the Swing trading school okay so pay attention so then then you have a moving average usually or like always can I do like
213:31
Speaker A
curved lines uh I can't uh whatever so you have a moving average right this may be the 10day the the simple 10 SM a or the 20 SMA or the 50 the best ones are the 10 and 20
213:53
Speaker A
okay and then it gets tight uh where's the line here then it starts getting Tighter and Tighter goes sideways starts building higher lows okay and then move it's just surfing the moving average again the moving average is usually the 10 20 or sometimes the 50
214:15
Speaker A
are youve mostly do the 10 and 20 mostly the 20 ones okay I'm going to show you a couple or actually several um perfect examples which I traded myself and then they break out of this tight range and
214:29
Speaker A
the best ones are the ones that show relative strength like the ones that can't break that that can't go lower even if the markets overall like the indices overall are showing weakness and going lower and these things just you
214:42
Speaker A
know they can't break lower or they may even be building higher lows so I'm going to show you like a perfect perfect perfect perfect one like this Shopify this is a perfect looking entry this is had a big
214:57
Speaker A
big move okay went sideways for a couple of weeks started building higher lows built a tight range and then it broke out okay this is a five star setup another I didn't trade that particular one but I did trade this one so it kept
215:15
Speaker A
going so the first one it bounced off the 10day looks look at how it's surfing the 10day okay then it has a sharp pullback because you know it gets extended even the best stocks pull back eventually find support on a rising
215:27
Speaker A
20day start surfing the 20-day actually it stays a uh like it is below the 20-day but it's building higher lows okay has another range gets really tight and this is our entry the opening range highs and the opening range highs it
215:45
Speaker A
could be the highs or the first 1 minute candle the first 5minute candle or the first 60-minute candle and the six first 60-minute candle is always uh actually a 30 minute candle since uh uh there's 6 and a half trading hours in a trading
216:03
Speaker A
day okay we bought it on on stream on the F over the uh first one and five minute candles if I remember correctly well I think we got stopped out a first time and then then we rebot the first 60-minute candle I think it
216:19
Speaker A
was like high 700s or something and look at this this is a 5Star setup look at this look look at what it did keeps surfing the 10 day pulls back surfs the 20day for a while B pulls back again
216:33
Speaker A
find support above the 50 day okay another example would be Tesla another one that uh that we traded here perfect perfect one that's a big big move find support on the rising 10day again the strongest stocks find support on the
216:52
Speaker A
rising 10day or if it's early in the move and then it gets Tighter and Tighter builds higher lows starts surfing the 20-day moving average and here is an early breakout okay we kind of anticipated the range break it just
217:08
Speaker A
looked so perfect and then the next day it gapped up and we added more on the opening range highs again it's the first one 1 minute 5 minute and or the 60 Minute candle break breakout you you can use either one of
217:25
Speaker A
them you you usually want to get in as early as possible so you want to use the one and five but sometimes the fail rate on the 1 and five minute uh candles are a bit higher than on the 60 minutes so
217:37
Speaker A
sometimes you make get stopped out and you have to Reby higher uh so but usually you want to get in as early as possible when you have like a five star set up and then it just kept going and now
217:50
Speaker A
look at this it made a huge move kept surfing on the 10day pulled back now it's finding support on the 20day and again you have a tight range and today uh I bought it I know several of you did
218:03
Speaker A
too uh but looks looks like it's probably not going to break out today it may stop us out but if it keeps building higher lows here find support on a 20day you know it it will break out eventually
218:14
Speaker A
and maybe go to 2,000 or something I don't know or it may not you know let let the stock tell you there's no reason to have any opinions about it this or that or blah blah you know you got to you got to wait for the
218:29
Speaker A
price to tell you price is the only thing that pays not nothing else and there's there's just a lot of them like fastly this one had a perfect one a couple of months back he here has a big move this one I think we
218:50
Speaker A
bought on earnings at 30 bucks or high 29 yeah this one we bought on earnings yeah yeah yeah uh but you know keeps build surfing the rising 10 day builds higher lows and then it kind of builds little flag up
219:06
Speaker A
here look at how tight it gets and then it breaks out I look at what it did and you can use the 10day you you you can sell a third or half after the first 3 to 5 days just lock in some move your
219:21
Speaker A
stop to break even and then you just use the 10day moving average as your trailing stop and once it closes the first close below the 10day you sell it so this here on this day would have gotten stopped
219:36
Speaker A
out and this one broke out again last week and now it's on a new run it's just uh it's just how stocks fact like strong this is what strong stocks do in uh in strong markets this is what momentum leaders do in momentum
219:54
Speaker A
markets and what is the momentum Market a momentum market is when the 10 and the 20day moving averages like I use the NASDAQ for me the NASDAQ is the market I I mov like 90% of the stocks I trade are NASDAQ
220:14
Speaker A
stocks uh I couldn't care less about S&P 500 or New York Stock Exchange like for me the market is NASDAQ so when the 10 day is rising and the 20day is rising and when a 10 day is above the 20 day okay the that's a
220:31
Speaker A
momentum market like something like this okay you don't have to catch any lows after the market bottoms you just have to catch the meat in the middle this is a momentum Market okay I've had a huge run I'm up over 200% in the past
220:46
Speaker A
four months okay just this is not a good swing trading Market on the long side this you know if you get any breakouts when the 10day moving average is sloping down when a 20-day sloping down and a 10 days below
221:03
Speaker A
the 20day there's a high fail rate okay you we probably shouldn't trade swing trade on the long side this is a good swing trading Market very good this one you know these are can be a little bit tricky like this was a good period this
221:19
Speaker A
was not a good period you just a sideway shop this was also incredibly good swing trading Market this wasn't that much I mean you can get select stocks that move higher and have nice breakouts and go follow through but the fail rate is just
221:35
Speaker A
so much higher this was a good one so there are good and bad markets right now we are in an extremely good market like I said on Twitter like I wrote on Twitter I think I said it on
221:48
Speaker A
stream too I've already made back that $1.5 million loss from last week which day did I have it was let's see what day was the loss so I lost almost 1.5 million shorting this Kodak on the 29th of July that was last Wednesday and
222:06
Speaker A
today is Tuesday so in less than a week I made it all back that was almost uh like 78% uh cut of my account and in less than a week you know already at new highs pretty much that that's what happens in a good
222:27
Speaker A
Market you know you can have so many fuckups and it will all be forgiven in a in a you know short amount of time again this is this is what late 2018 not a good swing trading Market you see this the 20day sloping
222:45
Speaker A
down during this whole move and the 10day too the 10day tried to turn up here and here but you know it failed and and you know there will be select good setups that may even work but the fail rate is just you know
223:07
Speaker A
High uh and you will have you know you will struggle because you never know when the market is going to get good again but you know there that's why you know you can can use these guidelines and you'll just start seeing like there
223:20
Speaker A
will be a lot of stocks setting up when a market starts getting good there will be a lot of good setups you you will have like 20 30 good setups and you don't know which ones to buy okay but when a market is bad
223:33
Speaker A
usually there will only be like a select few there just won't be very like some random setups here and there and as long as we keep going up and the 10 days slopes higher the 20day slopes higher the 10 days is above the
223:50
Speaker A
20-day you know and you you find a good setup you should trade you should trade the setup it doesn't matter you know like you know you got to trade it our job is to make money and in a specific uh like uh rule based
224:15
Speaker A
uh um like environment that's why it's so important to like be aware of these things and develop some rules that doesn't have to be anything complicated you don't have to use any rocket science you know just simple I think just some simple moving
224:34
Speaker A
averages are are good enough and there's no reason why you can't make 100% 200% 500% per year over a long period of time uh okay that was today's Shard school I'm going to keep it short I'm trying to introduce like one New Concept
225:01
Speaker A
every day and look at the few new setups every day I'm just going to show you like the perfect ones um let's see okay I'll get to questions what do you have written in in the chat is XP a good buy I don't know is it
225:24
Speaker A
a good buy does it look like a good setup you tell me guys is it is this a good setup is this a good setup yeah I don't I agree I don't think it's a good setup it was better uh last week
226:02
Speaker A
when it put in this SC like this was a better setup uh not a five star setup but you know it's it's a decent looking setup uh right here I I don't think it's good it needs to get a bit tighter
226:28
Speaker A
yeah this a bit too shoppy and guys like why do you even mention something like this what do you guys see here like AP yes someone mentioned it what what what is oh AP well yeah that one is uh no it looks fine it's just
226:52
Speaker A
surfing the 65 EMA on the 60 Minute chart on the daily chart it's a 10day it looks fine as you know I'm using the 20day as my stop on it and you know it's just in a Range it's not cheating the
227:04
Speaker A
bed it's just in a Range nothing wrong with it if if a stock is in a Range it's going to go up it's going to go down just because it has you know a down candle doesn't make it you know you know
227:18
Speaker A
it's just in a Range ignore it as long as it's in a Range like ignore it nothing to worry about uh let's see here yeah vcp like mvini all the successful Traders use the same uh like mvini is also like that Sanger and Stock
227:47
Speaker A
B and like I trade it's it's the same principle because they work you find a strong stock that makes a big move and then it goes sideways for a while and gets really really tight okay and then it has the next leg higher okay it's the
228:03
Speaker A
same setup like this is a Timeless setup like it's it's not going to go away that's how stocks are going to move for the next 100 years this is how stocks have moved in the past 100 years you can
228:13
Speaker A
go back and look at stock sh start from the 20s 30s 40s 50s 60s 7s ' 80s '90s 2000s it's the same exact patterns over and over over again absolutely no rocket science involved all you have to do is just use
228:31
Speaker A
some common sense just look at thousands thousands of different stocks preferably from like different decades okay you need to build a short pattern dat database in your head and preferably in some kind of like a real database too like in Evernote or just
228:51
Speaker A
you know like a folder of screenshots or whatever that you can scroll through now and then just you know memorize those patterns it's all about pattern recognition uh what I think of William O'Neal's book how to make money in
229:09
Speaker A
stocks is probably one of the five best uh training books ever written how did I start men yeah I had many mentors like I followed a lot of people on like social media uh many of them were frauds but I
229:27
Speaker A
didn't realize it at that time but it's all about you know figuring things out like taking things here taking things you know from different Traders from here and there and you know develop developing something that not only works but only
229:43
Speaker A
but also works for you yeah like the setup like the stop on all of the uh low like this specific method is uh at the lows of the day always at the low of the day and if you missed yesterday short
230:05
Speaker A
school you should look at it you can you can check it out either on YouTube or on Twitch I started with about 5 6,000 7,000 I blew up three times in the first two two years how do you sit out the bad Market
230:29
Speaker A
uh well I'm I'm a little bit of an addict I do overtrade in bad markets I tend to trade even though I shouldn't I know about it but I usually do very small size because I know I'm overtrading and I shouldn't
230:42
Speaker A
be trading uh but ideally shouldn't like trade in a bad Market but sometimes you know you see something really good you just can't you just can't help yourself you got to take it and then it kind of you know stops you out because the
230:56
Speaker A
market is [ __ ] yeah I'm going to I think I'm going to show you my scans tomorrow I'm getting tired I'm probably going to cut the stream but I'm going to show you something new like every day like one New Concept or scan or you
231:12
Speaker A
know something my these swing trading schools are totally unplanned unprepared uh I'm just you know winging it so they're they may not be real very uh like U uh what's structured Ox yeah onx is a good setup like for
231:53
Speaker A
those you have very small accounts this is a very good setup need if it starts breaking that one teens High one teens on volume you know this thing could have you know this is a kind of setup where
232:04
Speaker A
you can risk like I don't know 58 cents to make 50 cents a dollar absolutely alt uh yeah alt looks pretty decent yeah it's surfing the 20-day big momentum stock this is the hottest sector out there covid-19 vaccines this is probably
232:31
Speaker A
yeah probably the the hottest sector out there this one I I'll I'll wait how liquid is it not very liquid I may trade it if it has a good setup in the coming days um what did envx do envx okay so
232:46
Speaker A
far not having much breakout from yesterday like you know it it's getting really extended um it had several good setups on the way and you know sooner you know these things you know no stock goes up forever sooner or later they're
233:04
Speaker A
going to start failing and then pull back what are my strategy in a bare Market I'm doing more meaner version trades like uh meaner version Longs me vers and shorts but you know like in a down trining market like there's just
233:19
Speaker A
not as many opportunities like the best long and short opportunities is when the markets are strong and going higher and there are a lot of big Runners that's when you get the best uh shorting opportunities also not only longs can
233:33
Speaker A
you show us your only fans premium content tomorrow uh uh no I'm not going to show you you got to subscribe you got to pay you you got to pay for my free nonex non non-existing uh only fans
233:51
Speaker A
account uavs um you know what yeah it's actually looking pretty good like if it takes out highs so the days later it's actually a really good this is a five star setup this is a good one I like it too thin
234:05
Speaker A
for me to trade but yeah this is a really good one this is a good one guys you have a big move pull back find support on rising 20day and then you have this tight tight range and then it gapped up so far it
234:21
Speaker A
sold off the Gap but if it starts taking out highs of the day and it doesn't even have to take out the highs of the day like if it closes really strong like if it closes in like 305 310 something like that that could
234:36
Speaker A
be an entry also and then you use the low of the day as your stop uh so you either have to wait for it to take out the highs of the day or if it closes like I don't know 310 or
234:49
Speaker A
something like just a few pennies below the high of the day that could also be an entry uh but right now you know right now it looks kind of weak it rejected on the VAP so you know right now it's all
235:01
Speaker A
about waiting oh Tesla sto me out Tes I'm out t Tesla maybe try it again tomorrow if it uh retests uh that range I took a let's see I took a $58,000 loss on it on 2600 shares I'll re I'll retry it
235:28
Speaker A
tomorrow so fastly actually almost took out the highs of the day after its big weakness out of the gate codak Kodak going sideways there may be another ad spot here like it's getting really tight I I I strongly feel
235:46
Speaker A
this thing could go to 20 potentially I don't know you know what I bought another 50,000 shares here I bought another 50k shares we'll see either it works or doesn't or no I didn't get fill on all of them I
236:20
Speaker A
bought like 32,000 shares yeah I'm I'm canceling my buy order that 32 is enough that 32,000 share ad yeah there's a lot of things like there's a lot of Concepts uh like you need to check my videos on the pin tweet
236:42
Speaker A
like I talk about a lot of them there but I'm going to go through like one new thing every day this HQ looks pretty decent it's a silver triple EF oh chew me are you [ __ ] kidding
236:58
Speaker A
me well you know what can I say I'm I'm an early seller I'm an early seller all you have to do is is wait for the first close below the 10day moving average on your last like half or third or quarter of
237:21
Speaker A
your shares all you have to do and it's just so hard it's just it's right now it's in this market we've had it's my biggest weakness it's just letting things really like right it out like extended stocks get more
237:37
Speaker A
extended I've had so many stocks the past 3 4 months I've you know I've taken a 50 100% % profit and then they go up another 50 100% sometimes in a few days it's just incredible how many times it
238:13
Speaker A
happened for for sh Overstock um one second uh top yeah you know I don't know you know it's going to pull back eventually this thing is up 3,200 from the March lows like there's going to be a p big pullback uh right
240:08
Speaker A
now I just don't see it just keeps building higher lows on the 60-minute chart look how it's riding the 10 and 20 EMAs you know as long as these things are acting as support there is no short there like it either needs to get below
240:24
Speaker A
the 10 10 and 20 EMAs and you know these things need to start act as um resistance or if it goes like really parabolic it goes to like 110 120 plus unless any of those scenarios happen I don't see um short in
240:53
Speaker A
there man the silver trade is getting um oh I need to I need to get some explor I missed the HQ trade it's getting really tight like chog is another E look at this thing um you know pretty much the same setup I'm
241:10
Speaker A
showing you this is a triple gold minor ETF uh uh but it's the same principle you have a big move it gets go sideways find support uh I I'm not going to buy it I I just uh I I just don't have much buying
241:25
Speaker A
power left I'm just super heavily long on a bunch of stuff oh dphc took out highs for the day I need to sell a little bit more and look at that a lot of these stocks absorb the morning weakness made big
242:02
Speaker A
built higher lows on the 60-minute chart and oh this SL not long anymore like for those of you are new like this list here in the lower right corner these are my positions so if you don't see the stock in this
242:17
Speaker A
list I'm not in it and you don't need to ask me about it if I'm in it like TTD too look at this found support on the rising oh actually that was yesterday late day no it was today
242:35
Speaker A
wait wait where where is it yeah today had week open like went red bounced on the rising 10day and Rec claim and now it's at new highs codex too like a lot of them Mara too look at this thing this was down in the two low
243:03
Speaker A
290s when I said it looked like it found support and a rising 20 EMA and look at it now it's about to go green you know when you're swing TR you you can't just freak out anytime a stock
243:15
Speaker A
is having a downt the whole point of Swing trading is giving the stocks room to move okay you know in day trading you're always like near your entry right you're always finding near your entry in swing trading you just got to let things
243:31
Speaker A
you know work out and sometimes you're going to get big swings uh you know without the stock stopping you out and it sucks it's it looks scary like you look at your pnl oh there goes my p&l but it's all about having a specific
243:50
Speaker A
proc okay I got stopped out of the codec ad H whatever took a like what 50 Cent loss on it or so yeah I took a $14,000 loss on the ad uh I guess it was a little bit of
244:06
Speaker A
boredom Trading a lot of these silver and gold stocks look really good um like this pass looks pretty decent I wouldn't like if you like there is I think there will be a trade in silver and gold like I think there's the trade
244:35
Speaker A
there today but I would I would recommend you guys do one of the ETFs like HQ like HQ entry is no don't do this one the entry it's gone like the entry was in the low like $51 area no higher than 5150 now it's like
244:53
Speaker A
almost 54 but this chog and nugget they still like I don't know no never mind they don't look that good I don't know no don't do it don't do it my point is it's better to do one of
245:08
Speaker A
this triple ETF versus the individual stocks but a lot of that look pretty decent like GFI had a big big linear move look at how nicely just surfing the 10day moving average and now it found support here like if little bit more
245:29
Speaker A
sideways let the 20-day catch up and you know the secondary breakout is going to be great I think Tesla is back in the range and you know just look at the tight range it's been in this mid 140s mid high 140s and low
246:02
Speaker A
uh very low 1500s or low mid 1500s like I mean like once it resolve this range like either on the upside or downside it's going to have a 300 500 Point move any any direction it breaks out or breaks down this thing
246:20
Speaker A
could go to like 1,800 2,000 or higher or it could go to like 1,200 or 1,000 or or lower in the next couple of weeks after the breakout or breakdown like it's got there's going to be a huge move
246:36
Speaker A
on this thing I personally hope it goes to 2,000 plus but you know either way it breaks I'm going to trade it I'll be there I'm going to be there with size slake is now going I'm going to
246:56
Speaker A
raise my stop a little bit to like mid 23s L uh I bought it on this day here when it bro just broke this tight range like AP had already went like AP broke out a few weeks and even a few months
247:16
Speaker A
earlier so AP was already in an uptrend and this is a mask stock they both are mask United American mask makers so I bought it on this day here it closed oh my cat is walking on a keyboard I'm sorry for
247:30
Speaker A
this so I bought it on this day here it closed inside the range but it didn't stop me out and what it started doing is uh like it stayed inside of this range but it built higher lows I I was getting I was
247:44
Speaker A
very close getting getting stopped out on this day here I was just literally a few pennies away uh and now it's breaking out and this thing could go to I don't know 30 40 50 I don't know this
247:55
Speaker A
is I know I'm selling some into strength and I'm going to use the 10 day like the first close below the 10 day this this this time I promise I'm going to do it no matter how extended the stock gets I'm going to wait for the
248:09
Speaker A
close below the 10day moving average no excuses how do you draw a trend line in TC 2000 what what draw a trend line you click this button here or you left click draw a line and then then you push the space bar twice
248:55
Speaker A
then you will get the same kind of line it's a bit quicker that's how you draw a trend line in tc2000 uh yeah I used the extended hours you know sometimes you know when I when a li when a stock you know stops you out
249:10
Speaker A
in after hours or pre-market and there is you know volume you can you can you can actually sell it you got to sell it yeah I I the biggest concept I took from Dan Shapiro are like the 60-minute
249:23
Speaker A
candles and ranges like that's that's the big thing I took from toship here I was in his room for like four years I learned a lot from him guys there's so many people in shat now like I I can't like answer everyone
249:45
Speaker A
there's just too many people writing um all right okay guys I'm going to cut the stream now I'm getting a bit tired of talking uh thanks for joining and I'll
Topics:swing tradingstock scanningtrading setupsmoving averageshigh volume breakoutstock analysistrading strategyQullamaggietechnical analysistrading education

Frequently Asked Questions

What are the main scans recommended for swing trading?

The video recommends doing three scans focusing on one-month, three-month, and six-month gainers to identify potential swing trading opportunities.

Which indicators are suggested for identifying good setups?

Only three moving averages—the 10-day, 20-day, and 50-day—are recommended as the primary indicators for identifying swing trading setups.

Should I trade stocks right before earnings announcements?

No, the video advises against buying stocks within a few days of earnings announcements to avoid increased risk and unpredictable price movements.

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