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DTrader retweeted
Again, thanks for having me Riz! It was a conversation I really enjoyed, and hope you come back to Asia soon one day!
500% Return in JUST 2 Years Trading in the US Investing Championship!
I travelled all the way to Hong Kong to sit down with the great @Clement_Ang17
In this episode:
• Clement shares the 2 specific conditions to elite trading performance.
• How even after achieving world class results of over 500%, he still feels imposter syndrome.
• Exactly how to adapt to market conditions.
• The early struggles he faced in his career and how exactly he overcame them.
• The key focus points for ALL traders & so much more!
Full Episode drops tomorrow at 10am EDT on Words of Rizdom.
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Best place to learn this weekend.
Amazing work by @RossHaber
Ross Haber who has been trading since before I was even alive is doing a Growth Stock Trading/CANSLIM workshop (adapted to modern markets) the next few weekends.
Here is the link to register for the next one:
us06web.zoom.us/webinar/regi…
It's something he's been preparing bit by bit for months behind the scenes because he doesn't like to half-ass stuff. Don't miss it you literally have nothing to lose attending these the next few weekends.
Also share this with anyone you know - i think it can be life-changing for many.
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DTrader retweeted
@PradeepBonde highlighted a crucial distinction between two types of stock movements, providing valuable insights to laser-focus your own stock selection, even within a breakout strategy. I personally categorize one as a range-expansive momentum move (e.g., $COIN on 20/11), while the other is identified as a trend-following move (illustrated well by $VRT).
Consider the following principles that I adhere to when concentrating on momentum-based trading, with a focus on short-term range expansion via executing trades that are trading at high relative volume beyond pivotal levels.
1. Direct your attention to stocks in these five sectors: $XLK, $XLY, $XLI, $XLE, $XLV. They have the highest success rate of breakouts. I wrote about this with reference to @florinlazar001 research 1-2 years ago.
2. Give preference to lower-priced, lower float, lower capitalization stocks, and those with high short interest, as they often undergo substantial magnitude moves.
3. Steer clear of executing short-duration setups that surpass 4x ATR multiples from their 50-MA. The only exception to this rule is for stocks with a market cap below $500 million, where I would still set not trade them at more than a 5x multiple.
4. Setups should encompass range compression coupled with volume contraction, likened to a compressed coil spring.
5. Execute trades only on setups securing pivotal levels below 100% ATR from the current Low of the Day (LoD). This significantly heightens the probability of concluding the day with unrealized profits based on historical IV, implied volatility.
6. Execute trades that secure pivotal levels with substantial volume relative to its average 50-MA volume, contingent on the time period of the day (e.g., 40% relative vol to 50-MA vol in the first 30 minutes is a substantial liquidity event). If you have a watchlist stock trading beyond 10% dollar volume to their market cap, they should be your priority (look at how $CVNA started the +600% run in 2023)
7. Refrain from entering if stop losses require pricing and sizing beyond 1 ATR from your entry. This ensures optimal exploitation of a winning trade in terms of profit factor and risk-reward ratio.
8. If your thesis isn't validated upon entry, reduce your position size before it even reaching your stop. If you are not proven right, you are yet to be proven wrong either. By controlling and improving losses below 1.0R, 0.8R, and 0.6R per losing trade, you can go a long way. Imagine the capability of a 5R winner covering 9 losses, instead of 5.
9. Don't dismiss leveraged ETFs as trading ideas; they can exhibit much larger range-expansive moves than individual stocks within the same sector or group. Now I'm stalking etfs like $KOLD $DRIP $TZA $DPST
I genuinely believe that these rules hold merit and can enhance your profitability.
There are two types of stock moves. Magnitude moves and duration moves.
Magnitude moves are moves where a stock makes a very big move quickly. The magnitude and speed of the move are critical in this kind of move.
Duration moves are when stock keeps going up for a long time. But speed may be a little slow.
Select which one you want to trade. Then, you will have a lot of clarity.
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DTrader retweeted
We're releasing @RealSimpleAriel 's excellent presentation from the @TraderLion Conference
He shares the key steps to build a trading system.
Watch here!
youtu.be/-dv_2h61a2o
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DTrader retweeted
Made a video breaking down the 6/20 setup.
The setup was devised by Gil Morales, but far too many people misuse it as if it’s some standalone trading system. It’s not.
It was designed more as an intraday timing tool around logical areas of support or resistance that you can identify on the daily chart.
Context still matters. The market still matters, the group a stock belongs in still matters. The setup isn’t some magic buy/sell signal every time price touches an moving average.
Hopefully this helps!
youtu.be/nT_UmDSHWiQ?si=QGyJ…
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DTrader retweeted
This video was made in 2018 by @PradeepBonde and still rings true in this current market's chop, focus on:
- News catalyst plays
- New IPOs
- Earnings
- Higher volume stocks
- Shorter time frames
He also talks about how the most beaten-down stocks are most likely to do the best when the market rallies - the opposite of what many focus on (the names holding up the best).
youtube.com/watch?v=y_xSHCYt…
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DTrader retweeted
Scans I use every day:
- @Qullamaggie’s EP: youtu.be/yn2pIMXdFg8?si=4EwM…
- @PradeepBonde’s EP9: youtu.be/H1fUbgfutAo?si=hbuD…
- @PradeepBonde’s 20%+ in a week: stockbee.blogspot.com/2018/1…
- @jmoneystonks’s top gainers (nightly): finviz.com/screener?v=351&s=…
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Had a many folks ask me about the 4B- Setup from Stan, here is a clip of Stan going through it himself and covering the concept with an example.
The best reversal setup i've found for swing trading.
4B- Setup by @StanWeinstein13
youtu.be/dUFXdDm3njo?si=thW5…
Bookmark this.
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DTrader retweeted
The tuition fee you pay to the market isn't just about monetary loss. The greater cost is the time wasted, especially when you cling to bad habits instead of correcting them.
The 3 books I wish I had started with in my first year of trading, you may not even heard of them;
I will read them in this order.
1. Technical Analysis Explained: The successful Investor's guide to spotting investment trends and turning points - @martin_pring
Timeless principles. Covered almost all the technical aspects and explanation infused with market participant behavior at certain spot, pattern in the market. Analysis of secular trends, along with unique indicators to measure investor confidence. Effect of bond and commodities price to stock market, and seasonal pattern. Market breadth. There's also coverage of ETFs in sectors and industry group which I do not see in any books. A whole lot of practical advice. This book will give you solid foundation to prepare for CMT, CFTe exam, it's one of the institute recommended reading list. You keep this book like an encyclopedia infront of your trading desk to reference certain topics or industry trend surfacing in the market.
2. The Universal Principles of Successful Trading, essential knowledge for all traders in all markets - Brent Penfold (Australia)
I haven't come across any books that discussed performance metrics analysis, risk management and money management as detailed as Brent. You will gain alot of enlightenment to the best suited money management model for your trading. This book is ASX and FX based but the principles is very applicable since no traders can escape from risk management.
3. I will recommend 2 books here.
a) If you want to further strengthen your chart reading into lower timeframe;
High Probability Trading, take the steps to become a successful trader - Marcel Link
b) If you want to further strengthen your risk control, analyzing your trading performance metrics and structure your trading in ratioing to R multiples in your spreadsheet (which @BrianLeeTrades @LoneStockTrader and myself highly recommend, @traderlion website also has a summary of the R concept
( traderlion.com/risk-manageme… )
Super Trader, make consistent profits in good and bad markets - Dr Van K. Thrap
I think these are great and strong books for beginners, even for seasoned traders. Why I haven't recommend popular books like; How to Make Money In Stocks, William O Neil, because the book require you to already have knowledge of TA. It's only recommended, in my humble opinion, if you are already strong technically and know how to manage a position. Market Wizards and Reminiscences of a Stock Operator are great story book to seasoned traders that may be able to pick out some quotes here or there for their 'aha-moments'
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DTrader retweeted
2. Top Pre-Market Movers (thestockcataylst)
Bookmark this website. If you are a Story Stock, Earnings Gap or Episodic Pivot strategy trader influenced by @PradeepBonde that is dependent on impactful price action, this is a one-stop page with a great birdeye view of one-liner headline and allows sorting via pre-market % move and pre-market volume.
Can be flited via Earnings during earnings season under 'Top Premarket Earnings Mover''
thestockcatalyst.com/NYSEPMM…
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DTrader retweeted
I recently wrote a blog about it. I think it answers your question. sweatypalms.substack.com/p/w…
Also we have a new easy to use indicator which will come out soon.
Qq. How and when do you use (AVWAP). Im seeing IPO, ATH, Ers Gap. Anchored to pre ERs gap. Ytd avwap. Would you have more insight pls. Thnx buddy 🍻
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DTrader retweeted
This was how $KC move +180% in 2024. Look at their share structure and how at least 5 MA coils together before the beginning of a big move. I use 10/20/50/100/150/200-MA on chart.
If I have a similar question to ''God Trading'', it will be why I didn't attempt $P again on 30th July when it reclaim 5 major MA in a single move.
The swing trade ppl should look to study should be $P for late july. It already moved for 11 sessions in a row to 10 x ATR% from 50-MA. Market cap 37B, 5.8% ADR, Avg $ Vol $240mil, Avg Share Vol 3mil.
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Power Earnings Gap stocks from the latest earnings cycle - this is where new leaders are born. 👀
Software:
$PLTR $MSFT $ABNB $SHOP $TWLO $AMZN $U $RNG $NET $TTWO $TEAM $FIVN $FROG $DASH $TOST $ZETA
Healthcare/Biotech:
$LLY $TEVA $HNGE $ABT $ABCL $TXG $BMRN $INCY
young IPO's:
$CHYM $CART
Semis/Hardware:
$AEHR $HPE $DELL $ANET $HPQ $APH
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Correction looks to be over, folks!
Price and volume both confirmed according to the Follow-Through Day.
$QQQ is already up +10% from the lows.
Lock'em out! 🔒
WE GOT THE FTD MOVE $QQQ
Day 4 and the market delivered.
+2.8% and accelerating. The price box is CHECKED (needed just +1.25%)
One thing left: VOLUME.
Today's volume must beat Monday's 45M shares.
We're already at 28M - 63% of Monday's total - and it's not even lunch. On pace to blow past it.
Volume > prior day = institutions are buying, not just drifting.
If that box checks at the close -> the Follow-Through Day is confirmed -> the correction is OVER.
Day 1: +3.3% ✅
Day 2-3: held the lows ✅
Day 4: +2.8% ✅
Volume: loading… ⏳
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DTrader retweeted
Here is a FREE solution, for those on @tradingview and wondering how to track relative volume at time LIVE without going through the ticker chart 1 by 1. This is similar to the volume buzz capability on TC2000 watchlist.
1. Create a watchlist of your focus stock
2. Flag all the focus stocks with the color your want (orange in this case)
3. Open up tradingview free v1 screener, it is 'Stock Screener' at the bottom of your regular charts.
4. Go under 'Most Capitalization', the default screen on tradingview itself. Then click on the 'Flag Symbol', the full list of stocks will be sorted by Flagged color.
5. To have Relative Vol At Time, you need to customize your own column to include 'Relative Volume' in your column listings.
6. Enable 'Refresh every 10 second', your list will be auto sorted based on highest relative volume change at time.
Full credits to @SprintInvestor for bringing forward this idea a few months ago. This guy have lots of superb time efficient idea on @tradingview that is very underrated. He deserves your follow and your support.
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DTrader retweeted
If you want to learn swing trading, check out the Swing Trading playlist on my YouTube channel.
You'll find videos on stock selection, trade entries, exits, risk management, and many other important topics. If you find the videos helpful, please subscribe to the channel and share them with others.
Playlist Link - youtube.com/watch?v=oCuI_gBk…
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