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My setups, methodology, and how to build trading mastery — Transcript

by Qullamaggie · 5,608 words · 955 segments · language en · Watch on YouTube

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0:07all right guys
0:08i promised to do a video about my
0:12setup and methodology and process
0:17for a long time now and it's the most
0:19common question i get asked
0:22to explain my process and method
0:26and setup selection and uh
0:30i promised to do a video for way too
0:33long
0:33and uh yeah so
0:39enough is enough uh
0:45it's time to actually do it instead of
0:48promising things so
0:52i have a few uh basic setups
0:55that i trade over and over and over
0:57again
1:03let's start with the parabolic short
1:07what is the parabolic short let's let's
1:10take a few examples it's a stock that
1:13gets
1:13very extended in a short amount of time
1:17so there's two components to it you have
1:18a percentage move
1:21preferably it's you know two three
1:23hundred percent
1:24or maybe even a thousand percent plus
1:28in a short amount of time like three
1:30days
1:31five days uh two weeks or something
1:34uh it's updated goes up
1:38a lot in a short amount of time and
1:41preferably it goes up
1:42on nothing you know some speculation or
1:45hype or just a pure pump
1:48uh let's take ino for example recently
1:52this thing
1:53like this is what you're looking for
1:55something that's just straight up
1:57straight up with no dips this thing went
2:00up 300 percent in one two
2:02three four five sessions on the fifth
2:04day
2:06now this is important you have to wait
2:08you can't short on the first or second
2:10date generally
2:11sometimes it's work it works shorting
2:14stocks on the first or second day but i
2:16prefer to wait the ones that
2:18go up for three four even five days
2:20those are the best ones
2:22[Music]
2:24uh because you you want to be in a
2:26position of strength you don't want to
2:28start shorting it down here because you
2:30think it's a piece of pump
2:32and it's up too much you don't want to
2:34short it on day one or day two
2:37okay and this is the trade i actually
2:40did real time
2:41in on the stream so those of you been
2:44following my stream you
2:45you remember this trade i know several
2:47of you they traded with me
2:49the fifth day it's a big euphoric gap
2:53up and then it just tanks okay
2:57let's look at the um now i don't have
3:00the intraday
3:00five minutes short available right
3:04now i think nope i don't have the five
3:07minute
3:07chart where let's look at the 10 minute
3:10chart
3:10uh or maybe 15 minutes short yeah
3:16let's see here okay so 15 minutes all
3:20right still i need the five minute
3:22but pretty much what you saw was it had
3:26a little bit of push out of the gate
3:28and then it took out opening range lows
3:31now this is key
3:32like i talk a lot about opening range
3:34highs
3:35and opening range lows
3:40and i trade them all the time if i want
3:42to short
3:43opening range highs sorry opening range
3:46lows is usually where i wanna short it
3:49and the opening range can be the one
3:52minute chart
3:53like a one minute candle the first one
3:55minute candle it can be that five minute
3:57candle first five minute candle or it
3:59could be the first
4:01hourly candle like like this these
4:04charts here
4:05i use the one hour short a lot
4:09uh and it can also be
4:12like for example on ino the opening
4:15range lows on the 60 minute chart was
4:181620 on this day here
4:22but on the one minute chart it was up
4:24here in the 18s and also in the five
4:26minute chart it was also here in the
4:2718th i really i don't have
4:29the five minute and one-minute charts
4:31right now on this platform
4:33um i should have prepared better for
4:35this stream it was kind of sporadic
4:37i didn't really prepare but yeah
4:41let's look at an uh look at the recent
4:43example
4:44um mrna
4:48this one wasn't an opening range lows
4:51play it was more of a
4:53it was still a range break like i also
4:55talk a lot about
4:57long uh tight ranges
5:00so mrna was another candidate it's been
5:02up
5:05500 percent it's it's a large cap stock
5:08500
5:08in six months for a large cap stock
5:10that's a big move
5:12that's a very big move a lot of hype and
5:14speculation with their
5:16uh vaccine kovi 19 vaccine etc etc
5:22uh
5:24and they had kind of
5:27decent data on this day here the stock
5:30was already extended
5:31they uh
5:35released some decent data but it was
5:37only from eight patients which is kind
5:38of irrelevant
5:40so this one i was stalking for a good
5:42risk watch set up
5:43now it did have i i think i even shorted
5:46it i don't remember if i did i
5:48i think i shorted on the opening range
5:49lows and took a loss on it
5:52this is like last week i really don't
5:54remember i'm so bad at remembering
5:56trades
5:57but i may have taken a loss on the first
5:59trip and in late day
6:02just went in a tight tight range and
6:04late date started fading and that's
6:06that's where you got a tight tight range
6:07on it
6:08two dollars raised two dollars to make
6:11potentially 20 25 on a downside that's
6:14exactly what happened just
6:16straight down from there so this was
6:18another extended stock
6:22uh but it wasn't up like three four days
6:24in a row it was yeah it had just been
6:26flagging for a week and then it gapped
6:29up a date on this uh
6:31on this news but it was already pretty
6:34overextended so
6:35it's kinda similar setup to
6:38the ino setup i was talking about
6:42but it wasn't straight up as violently
6:46as this ino but the key in both of these
6:48you don't
6:49randomly short them you wait for them to
6:52actually
6:52start going lower you don't stop uh
6:56you know start randomly picking tops you
6:58wait for weakness
7:00so that's why you wait for this opening
7:02range lows
7:04or uh mid late day fades
7:08so it's kind of the same trade but that
7:11variation
7:12of of the same trade pretty much and ino
7:15had a exactly
7:16similar setup a little bit later in
7:20april
7:22also it went up 100
7:25in just five six sessions and then you
7:28had this a little bit of a peak day
7:32you you pretty much count the days you
7:34know it's up one two
7:35three four even on this steven even if
7:39it
7:39the candle here is red the stock was
7:42still higher on this day
7:44the candle here is red because it closed
7:47lower than it opened but it still closed
7:49higher than the previous day so it was
7:51still an update
7:52so how what one two three four five six
7:55on the seventh day
7:58you get this uh little bit of a reversal
8:02but it actually was a pretty big
8:04reversal
8:06where are we
8:11i can't find it on the five minutes or
8:12oh okay i have to look at a 10 minute
8:14chart
8:16and it's the same thing exactly
8:19same thing opening range lows was the
8:23key
8:24now in the 10 minute shot the opening
8:25range lows is here 15
8:2717 or so but i think on the one and
8:30five-minute
8:31uh charts it was higher like mid or high
8:3415s
8:36so you wait for that opening range lows
8:40because the stock has been straight up
8:44then it triggers it tried to bounce and
8:47i'm gonna
8:48introduce you another concept the vivap
8:50this is an
8:51indicator i use a lot when shorting only
8:53when i'm shorting stocks pretty much
8:56or when i play me in a version trade
8:58sometimes i do use it on the long side
9:00too but
9:01only when i like do bounce plays i'm
9:03gonna go through that later
9:06so it tests viva can't get above
9:09it holds below viva midday
9:13similar to what mrna did it built a uh
9:16range for several hours and then it
9:18breaks below that
9:20and then it just you know fade straight
9:22down then it went sideways a little bit
9:24for a few days and then it had another
9:26leg lower
9:27uh and i should also mention i'm mostly
9:30a swing trader i don't
9:32do trades for day trades when i do a
9:35trade i do it to hold for several days
9:38or weeks if i'm short and
9:41generally for weeks and months if i go
9:43long
9:45so let's look at some mean aversion long
9:48trades
9:51um i'm gonna see
9:54one that i remember i had a really good
9:57trade on
9:58was on gbtc this is a bitcoin etf
10:02back in december 2017.
10:05now you should already already recognize
10:09this setup here
10:11you have something that's up hundreds
10:13and hundreds of percent
10:15in in a short amount of time you know
10:18has a leg higher it goes sideways as a
10:20leg higher goes sideways another leg
10:22higher then it goes up
10:24a bunch of days in a row it pretty much
10:26doubles
10:27in in a week and then you had this
10:29blow-off day and
10:33i don't have the intraday shot for it
10:34right now but
10:36it was a similar shot to what i showed
10:38on mrna and
10:39i know you get
10:43vivap fails and then it just starts
10:45fading and you have this you have a set
10:46risk reward
10:48uh but i'm gonna talk about this bounce
10:50now this is uh
10:52similar to the short set up the median
10:54version of parabolic short this is the
10:56parabolic loan
10:57the same concept you have a stock that's
10:59down 40 50
11:0160 percent in in this uh case it's down
11:05almost
11:0570 percent in one two three four
11:08sessions
11:09the fourth day gaps down big has a
11:12washout a little bit of a washout goes a
11:14little bit lower from the open
11:17and that's the same thing it starts it
11:19reclaims v-map
11:21it holds above viva puts in opening
11:24range lows
11:25and that's when you go long when it once
11:27it starts proving
11:28itself and it bounced the total move
11:31higher was
11:32110 110 in two days
11:37actually you know what i'm gonna look at
11:39i'm gonna find the intraday short for
11:40you
11:41um let's see here
11:45uh okay let's see
11:48gbtc i'm gonna find the introduce short
11:51i'm gonna
11:52find the shot for both the short and the
11:54long this was such a perfect trade you
11:56want to find these
11:57stocks with big big ranges that's where
12:01the big money is
12:05let's see here so i'm gonna show you
12:07guys
12:09okay
12:1719. so i'm going to show you this is
12:19evernote i have a
12:20huge database of shards and stocks that
12:23i've been building for years and years
12:25this is how you build an a
12:26edge so chibi dc was actually a little
12:29bit shopping now i'm
12:30gonna show you guys on this this day
12:33here when it peaked
12:35and when it started the big decline okay
12:38so it was a little bit choppy intraday
12:41it was weak at first it gapped down but
12:43then it went straight up
12:45reclaimed vivap i don't have evap on
12:48this short
12:49but uh it reclaimed evap
12:52actually took out the previous day size
12:55and then midday it peaked
12:59it started uh it went below viva app
13:03retested viva app and then it started
13:05fading
13:06and that's when you have a set risk
13:08reward because you know
13:09a lot of stocks they start fading in mid
13:11late day especially these momentum
13:13stocks
13:14and that's where you have a set risk you
13:16would you know you don't have to guess
13:17where the top is gonna be
13:21and then it faded seventy percent almost
13:23in four or five days
13:25and now this day here this is the five
13:27minute chart okay
13:29uh so this day here is the day it
13:32bounced
13:34this is that day
13:38so it's it's like you switch this uh
13:40like
13:43you flip the short right it's the same
13:45trade but on the long side
13:47it's extended to the downside and it
13:49starts putting in
13:51it puts in the first green candle like
13:53this is also something i talked about
13:55the first green and the first red
13:57candle like if you have something that's
13:59going straight up or straight down
14:02uh you wait for the first like let's say
14:05in this case
14:06it's something that gets three that's
14:08getting really overextended on the
14:10downside you wait for the first screen
14:12five minute candle
14:13okay before you buy then you can use
14:16that lower that candle
14:17as a stop so in this case you get the
14:20first screen candle and this is a trade
14:21i traded
14:22i i did trade but i didn't stream at
14:25this time this is like a year before i
14:26started streaming
14:28uh so you add a little bit then it takes
14:31out the opening range highs that's where
14:33you add more and go straight up
14:35unfortunately i sold this thing way
14:37early i don't think even i hold it
14:39held it overnight and then the next
14:41state went up another 20 30 percent
14:44so these are the mean aversion traits
14:46the parabolic short
14:48and the parabolic longs i'm just gonna
14:50do a quick overview i'm not gonna go
14:52into details there are many nuances to
14:54these traits but these are like
14:57uh you know the most important concepts
15:01of these trades then another uh
15:05important setup i use are the breakouts
15:08and the earnings gapping gap versus
15:11earnings breakouts i'm going to show you
15:12some
15:12examples of
15:16ones i have traded
15:19recently uh this delicious t-doc i
15:22traded this on the stream
15:25they had good earnings report they beat
15:28both the eps revenue they got it higher
15:31and the stock gaps up and goes up on big
15:34volume
15:35okay it takes out a long range a
15:37multi-year range
15:39i'm going to show you guys the short on
15:40the
15:42weekly chart um i'm going to show you
15:44the weekly chart
15:45so this is where it broke out on high
15:48volume
15:48you have a stock that's been building
15:51higher lows for over a year
15:53took out the range this is a growth
15:55stock they're in the right sector
15:57right business things are going well
15:58this is where the stock is up
16:00straight up since 2016. things are going
16:02well for them
16:04and then a gap up on a good earnings
16:06report this is what started the big move
16:08unfortunate you know hop went up 160
16:11percent in a few months
16:13unfortunately i sold this thing i think
16:16in the like
16:17105 or something i don't remember
16:19exactly i sold it way too early
16:21it doubled after i sold it pretty much
16:26another example would be the xcm this is
16:29another
16:30one i traded very similar short
16:34you wait for a long range break it needs
16:36to gap up on good earnings speed
16:38analyst estimates uh have good growth
16:41numbers
16:42uh it the eps
16:46grew by 261 percent year over year
16:50and the revenue grew by 49 this is a
16:53growth stock the estimates
16:54for the next year were 156 percent
16:58or the same year this is 2019 and the
17:02estimates for the next year which is
17:042020 was 54
17:06so they were going to keep growing
17:12and it went straight up now they don't
17:14all go straight up obviously i'm gonna
17:16i'm just showing perfect examples
17:18obviously to take a lot of losses
17:20in fact about 60 percent of my trades
17:23are losses
17:24um even more i think
17:29i think even 70 percent i think last
17:32year my
17:3370 almost 70 percent my trades were
17:35losses or breakevens
17:37and yet i'm wildly profitable and that's
17:40because you have to have small losers
17:43big winners
17:44anyways dxcm this is the weekly short
17:47similar setup you have a higher lows for
17:49six months you have a range
17:51like a year-long range then it gaps up
17:54on good earnings
17:56beats analyst estimates guides higher
17:58etc etc things are going well for this
18:01company
18:04and it more than doubles it had a big
18:07shakeout here during the corona crisis
18:10where it bounced
18:11perfectly off the rising 200 day
18:18um so i'm going to show you some
18:20examples
18:21from my own portfolio of these setups
18:25let's look at mrna like mrna i went over
18:28i'm still short this thing i'm still
18:31short from this stay
18:32here now i've been adding on the 60
18:34minute ranges for example yesterday
18:37it gapped down while the market was
18:40gapping up
18:41it showed relative weakness this is also
18:43a concept i talked a lot about
18:45relative strength and relative weakness
18:48if you're stalking a short stop for a
18:50short and it starts showing relative
18:52weakness that's a good sign and vice
18:54versa for if you're stocking something
18:56on the long side
18:57so an opening range lows here i added to
19:01it
19:01yesterday and went straight down and
19:04it's gapping down today
19:05while the markets are gapping higher
19:08spies are up like
19:10almost one percent overnight oh more
19:12more
19:131.3 so mrna
19:18ibio this is a stock i've been long for
19:20a while
19:21um this is also like a range break this
19:25is like a small tiny piece of stock
19:27i'm long because it's a theme stock
19:30uh like kobe 19 is right now the theme
19:33the kobe 19 vaccines are very hot theme
19:36right now
19:39so technically what did i see i saw a
19:41range break several months this is a
19:43former momentum stock i had a big move
19:45back in february
19:46on corona this is a corona related pump
19:51and then here had a big volume day
19:55or not that big but you know above
19:57average volume so i thought hey
19:58why not it's a good risk award why can't
20:00this thing double
20:01a lot of these things are doubling w uh
20:05this one
20:08is a range break from yesterday
20:12i shorted it this thing is up it was up
20:16840 percent in like a few months
20:19so very overextended name this is just a
20:21variation of the same
20:22setup you wait for weakness on a very
20:25strong stock
20:28and yesterday lost the rising 20 day for
20:31the first time since this
20:33whole big move and today it's gapping
20:36lower even though the
20:37markets are gapping higher so it's
20:40showing relative weakness
20:42i think next stop for this thing would
20:43be maybe 130
20:45120 area livongo this is an earnings
20:49related trade
20:51it's a recent ipo i bought it a couple
20:53of months ago
20:56had a multi-month like six months
20:58sideways move
20:59recent ipo they sold it off
21:02you know it went straight down from the
21:04ipo it was you know kind of
21:07expensive stock and the market wasn't
21:10sure
21:10if they could sustain the growth etc etc
21:13but then it
21:14you know guided higher
21:17stock gapped up on higher on volume if
21:19that didn't have big volume but i i did
21:22a small position because it just looked
21:23really good
21:24ipo breakout the ipo breakouts can be
21:27super powerful and it's
21:29straight up since and i'm still holding
21:32about half of my shares
21:34fastly another one i bought like a
21:35couple of weeks ago another ipo
21:38breakout this thing has pretty much gone
21:40sideways since the ipo
21:42and then suddenly they had a good report
21:4538 no no no profits but 38 revenue
21:48growth good guidance
21:51etc big big volume by far the biggest
21:54volume then you
21:56it traded like in the first five minutes
21:58you saw the big volume coming in it
22:00traded
22:00average daily volume which is about one
22:02and a half million shares in like the
22:04first
22:05i don't know five or so minutes 10
22:07minutes
22:08so it was fairly you know pretty it was
22:11obvious pretty early it was gonna be a
22:13high volume day
22:14so i bought it and uh yeah i'm gonna
22:18show the p
22:18l on everything later i'm gonna show you
22:22my portfolio
22:23at the end of the video on all of these
22:24stocks i'm in right now these longs and
22:27shorts
22:28and vacs another one i've been talking
22:31about i did short it this day here
22:33another one of these over extended names
22:37up fourteen hundred percent in a few
22:39months and then he had
22:41the first states just you know getting
22:43extended first day
22:44it showed some weakness took out opening
22:46range lows
22:48started testing vivap failed at viva app
22:51and that's where i shorted it this is
22:52the 60 minute chart i shorted it here at
22:5456 saturday i remember
22:56correctly melee and other earnings play
23:00i'm long
23:02same concept you know big long range
23:04break
23:06year long range break and uh big volume
23:10big volume on the earnings day earning
23:13speed
23:15uh guides higher et cetera et cetera
23:17arctic is a small
23:20just a small hype kobe 19 vaccine play
23:23i bought it here and inside of this flag
23:26when when it was obvious it was building
23:28higher lows i think i bought it here
23:2940 low 45s
23:34this is another type of setup like high
23:36tide flags
23:37pdd also another high tide flag i bought
23:40here
23:41it's a china growth stock very good
23:44earnings numbers
23:46um i didn't buy it on the earnings
23:48report but i did buy it when it
23:52bounced off the rising 20 day after
23:54coming out of a long range
23:57and had a clean breakout here and it's
24:00straight up since
24:01shag now obviously all of these trades
24:03are profitable
24:04because i sell my losers i keep my
24:07winners
24:08and it's a concept i talk about a lot
24:10small winners big
24:13sorry small losses small losers big
24:16winners
24:17okay that's why i i i can be widely
24:19profitable with
24:21while being wrong seventy percent for
24:22the time shake another one another
24:24earnings breakout
24:26which sold you know over a long
24:28year-long pace
24:31etc it's the same concept sc
24:34uh same concept here uh had a flag
24:38uh where did i buy it yeah i did buy it
24:40here on this day here
24:42came out held up very well uh during the
24:45corona
24:46crisis flagged and it broke out of this
24:48little flag and it was
24:50it's it's like one of the fastest
24:51growing stocks in the market right now
24:53you want to be
24:54in the growth stocks the ones that
24:57have bright futures
25:02you don't want to be in something that's
25:03you know as negative earnings or
25:06or very slow earnings revenue growth you
25:08want the stocks growing
25:1030 50 100
25:13fmcid it's just a pump play
25:17i'm not even gonna talk about it it's
25:18just a thin piece of one this is
25:20another one
25:22uh it's a kobe 19 related name
25:26um it's a thin name i bought it on the
25:29flag break here had good earnings
25:33they sell some kind of uh respiratory
25:37devices to hospitals which is
25:39you know something that's a very hot
25:40product right now with the corona
25:43emph i'm short this is an example of an
25:46overextended trade
25:48straight up we had one leg up second leg
25:51up
25:51third fourth and fifth leg up on the
25:54third day
25:55opening range lows that's where i
25:58shorted it
25:59or i need short opening range though i
26:00showed it here midday
26:02with a 60 minute chart you can clearly
26:04see
26:05you have a multi-hour range and then you
26:08have this breakdown of this range
26:10so you have a tight tight range here you
26:13can
26:14your risk is like a dollar
26:18and i still i'm still short like half
26:20size just trailing it pen
26:23another example one i did on the stream
26:25yesterday
26:27i'm gonna show the intraday chart you
26:29had the opening range lows it failed
26:31that view app not
26:32once but twice
26:37and i i showed it opening range flows
26:38and i was thinking about adding it when
26:40it add a
26:41failed viva another time midday uh but i
26:44never did
26:47uh vt iq a perfect example of amino
26:51version short
26:52i unfortunately took a 125 000
26:55loss on it i was a little bit too
26:56aggressive too early and then i
26:59didn't add back when it showed some
27:01weakness and
27:02yeah it worked out well it went down
27:04over 30 40
27:07and then i played the bounce i'm still
27:09along it i i bought the bounce on this
27:10day here
27:12the 60 minute chart took out a little
27:14bit of a range but it's just a variation
27:16it wasn't like a super clean setup it's
27:18a variation of
27:20the bounce setup uh bldp breakout
27:25momentum stock it's in the right sector
27:28fuel cells fuels there's a super height
27:30right now
27:32uh and it had a bull flag tie type bull
27:35flag and it gaps up on big volume
27:37and that's you know where i bought it i
27:38bought opening range highs 1040s or
27:411050s i think
27:43mark this is a pump stock um
27:48but it's the same concept you have a
27:50flag and you buy it fas
27:52had a breakout yesterday it's a triple
27:53financial etf
27:55it's been pretty much flagging off the
27:58lows
27:59building a tight tight range over the
28:01past week and then it
28:02capped up on high volume and opening
28:04range size was the entry
28:06i actually took a loss on it first
28:08because it
28:09i bought it here near the open
28:12and then it faded it actually didn't
28:14take out the lows of the day but
28:16i had to stop a little bit higher i
28:17could stop that and then i re-bought it
28:19when it took out the opening range highs
28:22a little bit later and it's straight up
28:24since the markets are gapping up a lot
28:27and clh the same thing here
28:30it's also again it's a variation of the
28:33same setup
28:35you have a range break breakout
28:39i'm not gonna talk about it much it's
28:41just a c cell the same thing um
28:44a range break set up on a momentum stock
28:47like these things are super beaten down
28:49they have a lot of range the key is to
28:51trade stocks with
28:52range i see a lot of people they trade
28:55stocks they have no volume there's no
28:57range the middle of a range there's
28:59nothing going on
29:00and they're getting super excited about
29:02their stocks and i'm like
29:04no just know trade stocks that have
29:08volume and range
29:09that's where the money is all right i'm
29:11gonna show you guys
29:14my p l and this is why i focus on
29:17swing trading and update trading because
29:21the big money is in swing trading this
29:23is my portfolio screenshot taken about
29:2515 minutes ago
29:30since i'm at swedish time the market
29:31opens in 35 minutes
29:33nine nine third it's sorry 8 56
29:37u.s eastern time and the market opens
29:409 30 eastern time so it's in 34 minutes
29:44uh you know some of these positions i've
29:46had for months
29:48livongo i talked about this one this is
29:50my oldest position sc is
29:52my also very old position
29:55uh and this is how my portfolio looks
29:58like right now
30:00i i sold a bunch of stuff pre-market i
30:03sold some pldp
30:05this we have a big gap up and i just
30:07wanna light i'm heavily heavily long
30:09right now
30:10i'm short a bunch of stuff but i just
30:13wanted to you know look into
30:15this euphoric little open here we're
30:18having
30:19uh some nclh so some
30:22uh covered some mrna because like i
30:24talked about earlier in the video mrna
30:26is showing relative weakness
30:28it's gapping down well the markets are
30:30gapping up so it's
30:32locking into weakness i'm always looking
30:35my lungs into
30:36strength and my shorts into weakness and
30:38then i train my stops
30:40uh and i also sold some fas
30:43and i'm probably gonna get rid of more
30:45stuff and the reason why
30:47everything is green in my portfolio is
30:49again i
30:50sell my losers okay you get rid of your
30:53losers
30:53you keep your winners and i've been
30:56building this portfolio over the past
30:59six weeks or so my oldest position is
31:01levongo
31:03like i was all cash at one point during
31:05the corona crash
31:07and then in vongo let's see i bought it
31:107th of april so about
31:13about seven weeks or so this were
31:16the time i've been building my portfolio
31:19all right
31:20i hope you got value oh no never mind i
31:22actually have more things to go through
31:24uh never mind uh quick
31:27about my scans uh i scan for stocks that
31:31go up a lot
31:34uh like i have this watch list today
31:37today's momentum watch list this watch
31:40list 271 names
31:42i get these stocks from these scans
31:48so that's what that's my nightly scans
31:50right
31:51so i scan for stocks that trade 60
31:54million dollar volume
31:5660 million dollars in daily
31:59volume average daily range is the
32:02percentage range
32:04during a day that has to be at least 2.4
32:06percent
32:08and it has to be among the seven percent
32:10or so
32:11strongest stocks if i do this scan right
32:13now i get four items i don't know why i
32:15only get four items there should be more
32:17i think there's something wrong right
32:18now with tc2 thousand
32:20there should be like 40 names let's do
32:21the one month scan again 60 million
32:24dollar volume
32:25average daily range past 20 days 2.4
32:28percent and among the seven percenters
32:30of strongest stocks
32:33and i only get four always because i'm
32:36including pre-market data i'm shutting
32:38off the pre-market data i'm gonna
32:41okay let's see now okay now it's yeah 47
32:45stocks okay
32:46all right so i have these for different
32:48time frames one and a half year one
32:50month one year six months three months
32:52blah blah blah
32:52etc then i also scan for
32:56five day gainers 60 million dollar
32:59volume up
33:0025 at least past five days so i'm
33:04pretty much scanning for stocks that are
33:06strong because that
33:07among the strong stocks that's where you
33:09get the best shorts
33:11and the best longs then i also scam for
33:14losers
33:14you know stocks that are down a lot the
33:16past one or two years
33:19then i have a some intraday scans it's
33:22the same thing pretty much
33:25scanning for stocks that are strong
33:32then i also have watch list with the
33:34best and strongest
33:36growth stocks strongest are my
33:39the best or the best this fastest
33:41growing and the best momentum stocks
33:43then i have
33:45strong strong air
33:48and strong so these stocks these get
33:52these ones i also go through every every
33:54day every night
33:55and also scan them intraday like this is
33:58very big
33:59among these stocks is where the big
34:01money is made right now there's a lot of
34:03software technology stocks in there
34:06but depending on you know year and
34:09market cycle you can get a lot of like
34:11commodity related stocks or cyclicals
34:14you can get a lot of biotech related
34:17right now we're in a market cycle where
34:18technology and software
34:20are dominant those are the fastest
34:22sectors and have the best momentum so
34:25most of these stocks in those watch
34:27lists are technology and software
34:32all right this is uh pretty much
34:37pretty much it and then i compile a
34:39watch list
34:40every night look through my scans
34:44and start stalking stuff
34:49and it's always nice if the stocks you
34:51want to go long showing
34:52relative strength and the stocks you
34:54want to go short are showing relative
34:56weakness
34:58um all right
35:02um i think this is a good starter video
35:06maybe i'll do a longer more detailed
35:08video later
35:10this is a very unprepared video um
35:14and i hope you got the value from it
35:16this you know if you learn these
35:18concepts
35:19you can make millions you can make
35:21millions per year for the rest of your
35:23life
35:25but you really need to do your own you
35:28know do your own
35:28research i've done my i've done my
35:31research like i've
35:32i've studied thousands tens of thousands
35:35of stocks look at this this is my
35:37evernote database
35:39like i have breakouts from 1980
35:42right i have like
35:45tens of thousands of uh stocks here
35:48these are just breakouts
35:50you have to train your brain to
35:52recognize
35:53not only the stock patterns but also the
35:56news and how they
35:57move relation to each other and the
35:59market
36:03these are like earning scampers
36:09let's look at saunders this is like 2005
36:12i think
36:13capped up on big volume 2005
36:18and then it went up over a couple of
36:21hundred percent in like six months
36:24uh anyway you gotta do this work
36:26yourself
36:27no one no one can help you with this
36:29like
36:30this is how you build build mastery
36:35instead of following people and uh
36:37begging for stock tips and just unfollow
36:40these stupid day traders that are
36:42you know pumping stocks on twitter
36:45or you know having some paid chat room
36:48where they
36:48tell you what to buy what to sell
36:50they're not help they're not your
36:52friends they're not helping you you need
36:53to do the research yourself
36:56i have a free stream where you can ask
36:58questions where i gave trading give
37:00trading ideas
37:02it's not entertainment i'm not selling
37:04anything i'm doing my own trading
37:08i i'm quiet most of the time since i'm
37:10busy trading
37:12but when i get a few minutes over free
37:15time i ask
37:16i answer questions and
37:20i provide feedback to those who
37:23want it all right i hope you got some
37:26value out of this video
37:27and take care

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