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Qullamaggie Swing Trading School — Transcript

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0:00for
0:01keeping things in straight.
0:04Um
0:06You have a big big move. This is the
0:07basic premise. Okay, I'm going to show
0:09you. I'm going to show you in a like a
0:11black short. This is the basic premise.
0:13You have a strong stock makes a big
0:15move. Okay, has to be like let's say it
0:18doesn't matter if this is a one month
0:20move
0:22or a three month move or a six month
0:24move doesn't matter the time frame, but
0:27it has to be in the top one or two
0:29percent of the strongest stocks in that
0:31time frame. And then what happens if
0:33they usually pull back, right?
0:35Pulls back at like this is the start of
0:38the swing trading school. Okay.
0:41So pay attention. And then you have a
0:43moving average. Usually
0:46or like always. Can I do like curved
0:48lines?
0:50Uh
0:51I can't. Uh
0:52whatever.
0:55So you have a moving average, right?
0:58This may be the 10 day
1:01the simple 10 SMA or the 20 SMA or the
1:0550. The best ones are the 10 and 20.
1:08Okay.
1:10And then it gets tight.
1:13Uh
1:14where's the line here?
1:16Then it starts getting tighter and
1:18tighter.
1:20Go sideways. Starts building higher
1:22lows.
1:23Okay, and the move it's just surfing the
1:25moving average.
1:27Again, the moving average is the usually
1:2910, 20, or sometimes the 50. I you may
1:32mostly do the 10 and 20. Mostly the 20
1:35ones. Okay, I'm going to show you a
1:37couple of or actually several um perfect
1:40examples which I
1:43traded myself. And then they break out
1:45of this tight range. And the best ones
1:47are the ones that show relative
1:48strength. Like the ones that can't break
1:51that that that can't go lower even if
1:53the markets overall like the indices
1:55overall are showing weakness and going
1:57lower. And these things just you know,
1:59they can't break lower or they may even
2:01be building higher lows. So I'm going to
2:03show you
2:06like a perfect perfect perfect perfect
2:08one. Like this Shopify. This is a
2:11perfect looking entry. This is it had a
2:13big big move. Okay. Went sideways for a
2:17couple of weeks. Started building higher
2:19lows.
2:21Built the tight range and then it broke
2:23out.
2:24Okay, this is a five star setup. Another
2:26one I didn't trade that particular one,
2:28but I did trade this one. So it kept
2:31going.
2:32So the first one it bounced off the 10
2:34day. Looks at look at how it's surfing
2:36the 10 day. Okay, then it has a sharp
2:37pullback because you know, it it gets
2:39extended. Even the best stocks pull back
2:41eventually. Find support on the rising
2:4420 day. Start surfing
2:47the 20 day. Actually it stays
2:49like it is below the 20 day, but it's
2:51building higher lows. Okay, has another
2:54range gets really tight. And this is our
2:57entry. Opening range high. So the
3:00opening range high it could be the
3:02highest of the first one minute candle,
3:05the first five minute candle, or the
3:07first 60 minute candle. And the six
3:11first 60 minute candle is always
3:13actually a 30 minute candle since uh
3:16uh there's six and a half trading hours
3:18in a trading day.
3:20Okay, we bought it on on stream on the
3:24over the
3:25first one and five minute candles if I
3:27remember correctly. Where I think we got
3:29stopped out
3:32the first time and then then we rebought
3:34the first 60 minute candle. I think it
3:36was like high 700s or something.
3:39And look at this. This is a five star
3:41setup. Look at this. Look look at what
3:42it did. Keeps surfing the 10 day.
3:45Pulls back. Surfs the 20 day for a
3:47while. Pulls back again. Find support
3:50above the 50 day. Okay.
3:52Another example would be Tesla. Another
3:54one that uh
3:56that we traded.
3:58Here. Perfect perfect one.
4:01Has a big big move.
4:03Find support on a rising 10 day. Again,
4:07the strongest stocks find support on
4:09that rising 10 day. Or if it's a early
4:11in the move.
4:13And then it gets tighter and tighter.
4:16Builds higher lows. Starts surfing the
4:1820 day moving average. And here is an
4:20early breakout. Okay. We kind of
4:23anticipated the range break. It just
4:25looked so perfect. And then the next day
4:27it gapped up and we added more on the
4:29opening range highs.
4:31Again, it's the first one minute, five
4:33minute, and or the 60 minute
4:36candle break breakout.
4:39Uh you you can use either one of them.
4:42You you usually want to get in as early
4:44as possible. So you want to use the one
4:46and five, but sometimes the fail rate on
4:48the one and five minute candles are a
4:51bit higher than on the 60 minutes. So
4:53sometimes you may get stopped out and
4:55you have to rebuy higher.
4:57Uh so
4:58but you should you want to get in as
5:00early as possible when you have like a
5:01five star setup.
5:05And then it just kept going. And now
5:07look at this. It made a huge move. Kept
5:09surfing on the 10 day. Pulled back. Now
5:12it's finding support on the 20 day. And
5:14again you have a tight range.
5:16And today
5:17I bought it. I know several of you did
5:19too. Uh
5:21but looks looks like it's probably not
5:22going to break out today. It may stop us
5:24out. But if it keeps building higher
5:26lows here, find support on the 20 day,
5:29you know, it it will break out
5:30eventually and maybe go to 2000 or
5:32something. I don't know.
5:34Or it may not.
5:36You know, let let the stock tell you.
5:38There's no
5:40reason to have any opinions about it
5:42this or that or blah blah. You know, you
5:44got to you got to wait for the price to
5:46tell you.
5:48Price is the only thing that pays. Not
5:50nothing else.
5:54And there's there's just a lot of them.
5:55Like Fastly.
5:58This one had a perfect one
6:00a couple of months back.
6:02Here.
6:05Has a big move. This one I think we
6:07bought on earnings at the 30 bucks or
6:09high 29s. Yeah, this one we bought on
6:11earnings.
6:12Yeah. Yeah. Yeah.
6:14Uh but you know, keeps build surfing the
6:17rising 10 day.
6:19Builds higher lows. And then it kind of
6:21builds a little flag up here.
6:24Look at how tight it gets. And then it
6:25breaks out.
6:27Uh look at what it did.
6:29And you can use the 10 day. You you can
6:32sell a third or half after the first
6:35three to five days. Just lock in some.
6:37Move your stop to break even. And then
6:40you just use the 10 day moving average
6:42as your trailing stop. And once it
6:44closes, the first close below the 10
6:47day, you sell it. So in this here on
6:49this day you would have gotten stopped
6:50out.
6:53And this one broke out again last week
6:56and now it's on a new run.
6:58It's it's just uh
7:00it's it's just how stocks act. Like
7:03strong This is what strong stocks do in
7:06uh
7:06in strong markets. This is what momentum
7:08leaders do in the momentum markets.
7:12And what is a momentum market?
7:16A momentum market is when
7:20the 10 and the 20 day moving averages
7:24like I use the NASDAQ. For me the NASDAQ
7:26is the market. I I move like 90% of the
7:28stocks I trade are NASDAQ stocks.
7:31Uh I couldn't care less about S&P 500 or
7:35New York Stock Exchange. Like for me the
7:37market is NASDAQ.
7:39So when the 10 day is rising and the 20
7:42day is rising and when a 10 day is above
7:45the 20 day.
7:46Okay, the the that's a momentum market.
7:49Like something like this. Okay, you
7:51don't have to catch any lows
7:54after the market bottoms. You just have
7:55to catch them meet in the middle. This
7:57is a momentum market. Okay, I've had a
7:59huge run. I'm up over 200% in the past
8:02four months. Okay.
8:05Just
8:06this is not a good swing trading market
8:09on the long side. This
8:11you know, if you get any breakouts when
8:13the 10 day moving average is sloping
8:16down, when a 20 day is sloping down, and
8:18a 10 day is below the 20 day, there's a
8:21high fail rate. Okay, you should we
8:23probably shouldn't trade swing trade on
8:25the long side. This is a good swing
8:27trading market. Very good. This one you
8:30know, these are can be a little bit
8:32tricky.
8:33Like this was a good period. This was
8:36not a good period. You just a sideways
8:39shop. This was also incredibly good
8:41swing trading market. This wasn't that
8:44much. I mean you can get select stocks
8:46that move higher and have nice breakouts
8:49and go follow through, but the fail rate
8:51is just so much higher. This was a good
8:53one.
8:57So there are good and bad markets. Right
8:59now we are in an extremely good market.
9:02Like I said on Twitter, like I wrote on
9:04Twitter, I think I said it on stream
9:05too. I've already made back that 1.5
9:08million dollar loss
9:10from last week.
9:12Which day did I have? It was let's see.
9:14What day was the loss? So I lost almost
9:171.5 million shorting this code icon on
9:19the 29th of July. That was last
9:22Wednesday. And today is Tuesday. So in
9:24less than a week I made it all back.
9:28That was almost like seven, eight
9:30percent cut of my account.
9:35And in less than a week.
9:37You know.
9:38Already at new highs pretty much.
9:42That that's what happens in a good
9:44market, you know. You can have so many
9:46[ __ ] ups and it will all be be forgiven,
9:48you know.
9:50In a you know, short amount of time.
9:53Again, this is this is what late 2018.
9:56Not a good swing trading market.
9:59You see this. The 20-day sloping down
10:02during this whole move.
10:05And the 10-day, too.
10:08The 10-day tried to turn up here and
10:11here, but you know, it failed and
10:16And you you know, there will be select
10:18good setups that may even work.
10:21But the failure rate is just, you know,
10:23high.
10:24Uh
10:25and you will have, you know, you will
10:26struggle because you never know when the
10:28market is going to get good again. But
10:30you know, there That's why you know, you
10:32can use these guidelines and you'll just
10:34start seeing like
10:36there will be a lot of stocks setting
10:38up. When the market starts getting good,
10:40there will be a lot of good setups. You
10:42you will have like 20, 30 good setups
10:44and you don't know which ones to buy.
10:47Okay? But when the market is bad,
10:49usually there will only be like a select
10:52few. They just won't be very like some
10:54random setups here and there.
10:59And as long as we keep going up and the
11:0110-day slopes higher, the 20-day slopes
11:04higher, the 10-day is above the 20-day,
11:08you know, and you you find a good setup,
11:10you should trade. You should trade the
11:12setup.
11:14It doesn't matter, you know, like you
11:16know, you you got to trade it.
11:21Our job is to make money and
11:26in a specific
11:28uh
11:29like uh
11:30rule-based
11:32um
11:33like environment.
11:36That's why it's so important to like be
11:37aware of these things and develop some
11:40rules. That doesn't have to be anything
11:42complicated. You don't have to use any
11:44rocket science.
11:46You know, just simple I think just some
11:48simple moving averages
11:51are are good enough.
11:54And there's no reason why you can't make
11:56100%, 200%, 500% per year.
12:02Over a long period of bull run. It's
12:03very good.
12:06Like
12:07a breakouts, like any type of, you know,
12:09breakout or momentum strategy you use,
12:11they're going to work best, obviously,
12:13when the market is in a momentum mode.
12:16Uh and you know, sometimes you have to
12:18be in cash for weeks and months on end
12:21when the market is not good.
12:24And that's fine.
12:26You know, if you can sit out the period
12:28like this
12:30and then when a period like this comes
12:33around,
12:34you're going to double, triple,
12:36quadruple your accounts. Trust me on
12:39this one. You don't need to trade all
12:41the time. It's fine to sit in cash for
12:44months on end.
12:45Now, it's easier said than done.
12:48But generally, what you want to see like
12:50Nasdaq is the
12:52you know, the relevant index. You don't
12:53need to look at anything other than
12:55Nasdaq, okay?
12:57This is like This is
12:59Nasdaq is where 90% of the stocks I
13:01trade
13:02are in the Nasdaq, okay?
13:05So, generally, what you want to see is
13:07the 10-day sloping higher and the 20-day
13:10sloping higher. Or at least one of them
13:12needs to be sloping higher, generally.
13:15And the 10-day needs to be above the
13:1720-day.
13:18It's fine if it undercuts a little bit
13:21for a while.
13:22Um
13:23But you know, that's like general rule.
13:25So, this has been a really good swing
13:26trading market.
13:28Okay, during this time, there weren't
13:30many breakouts and those that were, they
13:33failed.
13:34Uh there were a lot of breakdowns
13:36though, but that's just another type of
13:38strategy. You don't need to do any
13:40shorting.
13:41This was also a really good market. I I
13:44I more than doubled my accounts on this
13:47during this 4-month bull run.
13:50Uh this period was a little bit more
13:52challenging.
13:55Uh this was a decent period in even
13:58though it only lasted for a few months.
14:00This was a bit challenging
14:02because, you know, the market was
14:03downtrending. Like the 10-day started
14:06sloping lower, 20-day started sloping
14:08lower, the 10-day was below the 20-day.
14:10That's not a great swing trading
14:11environment.
14:14And then this was just a choppy
14:16environment, no trend.
14:19And the 10-day to and 20-day, they were
14:20like mostly going sideways or or lower.
14:25Or sloping down. And this was also an
14:26insanely good trading environment, the
14:28first 5 months of 2019.
14:33And you know, I can go back years and
14:35years. So, you you get this. Like every
14:37every year, there's usually a 3- 6-month
14:40period that's a bit challenging. You
14:42won't you you will make very little or
14:44no money and that's fine. And then you
14:46get these runs that last for 3-6 months
14:49where you will double and triple your
14:51account. You just have to wait for those
14:53periods, okay?
14:56You have to wait it out.
15:01It's really making millions in trading.
15:03It's really not about rocket science.
15:05It's all about patience and discipline.
15:08It really is.
15:11You You think
15:15Okay, there's a potential setup here.
15:17So, what this thing does is makes a big
15:19big move.
15:21Pulls back
15:22and it kind of goes sideways for a
15:24couple of months. And as you've been
15:27teach you know what, let's look at this
15:29thing on the
15:33on the swing trading school setup
15:36because there here is there's only three
15:37moving averages. These are the only
15:39indicators you you should be using.
15:43So, this is
15:44what it does is
15:46it kind of starts building higher lows.
15:48It gets tight in in in a range and
15:52it bounces. This is the first bounce of
15:54the 50-day moving average. It undercuts,
15:56it builds a range, tight range, and then
15:59it has a breakout day. So, this is a
16:01potential setup.
16:03Like anytime
16:04you have a like a clean bounce off one
16:07of these three moving averages,
16:10that's I guess that's a nice thing.
16:15Um
16:16Car, let's do CEBAY. Another one. Not
16:20not really any setups here. This thing
16:22just moves in gaps.
16:24C D E
16:28No, I don't see any good setups on this
16:31one.
16:34Sell H. This one has a couple of good
16:36setups. Like one is right here on this
16:38day here. Makes a big move, serves on
16:41the 10 and 20-day moving averages,
16:43starts building higher lows of the 20.
16:46Takes out this tight range. This is a
16:48nice little high tight flag.
16:51And then there is a potential setup
16:53here.
16:56Like this is a five-star setup. This
16:58would be maybe a three-star setup. I
17:00would have preferred a few more days of
17:02sideways. But it keeps building these
17:04higher lows, has two tight candles, and
17:07then it has a breakout day here.
17:11And then there's actually a good setup
17:13here. This is like I would recommend
17:16everyone puts put earnings somewhere on
17:19their charts, next earnings.
17:21You do edit toolbar, right click, edit
17:24toolbar, and then you click the plus
17:25icon, and then you look at next earnings
17:28and you add it.
17:30Uh and I would recommend you never buy
17:32stocks like, let's say, within 3 days of
17:36earnings or within a couple of days of
17:38earnings. Like
17:39this is a very good-looking setup. This
17:42is like a four and a half-star setup.
17:45Look at how cleanly it bounces off the
17:4720-day. And then it has this tight range
17:50here. Just keeps building higher lows.
17:52This is a very good setup, but it's a
17:54day before earnings. You shouldn't have
17:56bought it.
17:57But it's a good setup, right? If it
17:59hadn't reported earnings this day, you
18:00know, you should have bought it.
18:03CLSK.
18:05Another one. It kind of
18:08This is a maybe setup. Makes a big move.
18:12Pulls back, goes sideways, starts
18:14building higher lows of the 10-day and
18:16has a range here. And then it has a
18:18breakout. So, that's you know, it's
18:20actually a pretty decent setup.
18:22Uh I would have preferred if this day
18:24had been a tight range day instead of a
18:26wide range day.
18:28But you know, it's you know, it it it
18:31it's it was a decent setup.
18:33Um
18:35CODEX. Now, this one has several perfect
18:38setups. Several of them I've traded.
18:40Like this down here.
18:42This is a
18:45six-star setup of a five-star
18:48Oh, god damn TC2000 is sometimes really
18:50annoying. This is a really good setup.
18:53Makes a big move. It It is kind of
18:56choppy in this range.
18:58But it it gets tighter and tighter.
19:00Builds higher lows, start goes from
19:03surfing the 10-day moving average to
19:05surfing the 20. Builds higher lows, has
19:08this range that gets tighter and
19:09tighter, has a really narrow range day
19:11the day before breakout.
19:14And then it breaks out on high volume.
19:17That's
19:18uh you know, that's it's the perfect
19:20perfect setup.
19:23Um
19:24Then it has another good one here.
19:27Um it's a little like it has this This
19:30one I traded, too.
19:33I would have preferred if this was a
19:34tight range day, but you know, sometimes
19:37you know, it's like a high tight flag.
19:42Makes a big move.
19:44Bounces off the 50-day. Look how it
19:46serves the 50-day, then it starts
19:48surfing the 10 and 20-day, builds higher
19:50lows, has this clean range. It's a
19:52variation.
19:54Um
19:57So, there are like different variations
19:58of the setup I'm trying to learn teach
20:00you. This is another one. I traded this
20:02one. Unfortunately, I didn't follow my
20:04own sell rules. I got stopped out on
20:06this day here.
20:07Uh
20:08even though I shouldn't have. I
20:09anticipated that it would go lower. So,
20:12I sold it a bit too early. But, I
20:13rebought it on this day.
20:15On stream. This is the day when I
20:18chased the chase. Those who remember in
20:20the chat that day. You remember.
20:23And yeah, I'm still in it. And now I'm
20:25pretty much waiting for this thing to
20:27close below the 10-day moving average to
20:30sell the rest. I still have like a third
20:32of my shares or a quarter of my shares
20:34or something like that.
20:35I sold them most of them into strength.
20:37It made a big move. 56 50% in you know,
20:40a couple of weeks.
20:43Uh Carvana, let's see. I need to get
20:45back to my own trading. RCL, yeah,
20:47cruise lines and airlines are they just
20:49keep going higher. Carvana had several
20:53or at least yeah, at least two really
20:55good setups. One was here.
20:57Again, big move.
21:00Surfs the 20-day, starts getting tighter
21:03and tighter, builds a range, higher
21:04lows, gets you know, three tight range
21:07candles, and then a breakout.
21:11And look at this thing. This makes a
21:12huge move.
21:13A 300% move, and then it breaks out.
21:17You want to be in the like fastest
21:18moving stocks. Okay? Someone mentioned
21:21Ericsson, okay?
21:23This is [ __ ] okay? This is [ __ ]
21:28Like
21:30if this was a high ADR stock
21:34like that that would have been a good
21:35setup, but you know, it doesn't matter
21:38how nice it looks. If it's a low ADR
21:40stock, it's [ __ ] You shouldn't be
21:42trading in trading this thing. You
21:44should never trade [ __ ]
21:48Low ADR
21:49is equal to [ __ ]
21:52High ADR is equal to gold.
21:58And then here's another good setup. Like
22:00this is the same theme, like a big move
22:03pullback or sideways consolidation, and
22:05then it
22:06you know, it start you know, the stock
22:08starts finding support and starts
22:10surfing one of the moving averages. It
22:12could be the 10-day, could be the
22:1420-day, could be the 50-day. And many
22:16times it's a combination of of two of
22:19them. Like usually the 10 and 20.
22:21And then it gets tighter, and then it
22:22breaks out of that range. It's just the
22:24same theme over and over. This is how
22:27stocks move, okay? This is This is how
22:30stocks have moved over the past 100
22:32years, okay? You can go back and look at
22:34charts from the '20s, from the '50s,
22:37from the '80s, from the '90s.
22:40This is how stocks move, okay? You do
22:42the same thing over and over again.
22:45You just need to
22:47memorize these patterns.
22:50CWH,
22:52this one had a I guess an okay setup
22:55here. I would have preferred maybe a bit
22:56more sideways.
22:58Um
22:59it wasn't really that obvious of a
23:01setup.
23:03But, it surfed the 20-day nicely, had a
23:05nice you know, started building a range
23:08here.
23:10Um
23:11but yeah, I would have preferred a bit
23:12more sideways. So, it wasn't that clean.
23:14It was a Caesar.
23:16Here I see a really good setup back in
23:18April. This is a good setup.
23:21This thing makes a big move.
23:24Okay, goes up 100 goes up more than 200%
23:28pulls back, finds support on the rising
23:3120-day, builds a tight range
23:34and then it has a high volume breakout.
23:35This is like a five-star setup.
23:38Memorize this.
23:40This is where you This is where millions
23:42are made, guys.
23:48And then you can just use the trailing
23:5010-day moving average.
23:52Like okay, so I I know I
23:55advocate like sell
23:571/3 to half after 3 to 5 days, and then
24:01move your stop to break even, and then
24:03sell the rest once you get the first
24:05close below the 10-day. But, there are
24:08like sometimes the stock can close the
24:10below the 10-day
24:12but you can still keep it, and I'll show
24:14you the example of when. Like this is a
24:17good example.
24:19So, you would you would have sold 1/3 to
24:21half on any of these days here.
24:25And then like on this day closed above
24:28the 10-day. Next day
24:31or actually you would have gotten
24:32stopped out of it. Never mind. It wasn't
24:35a good example. I'll try to find
24:37Forget what I said. I'll I'll find try
24:39to find a better example.
24:41Um
24:44Uh every I don't see any good setups on
24:47this thing.
24:50XBI. Like this one already marked it
24:53like I told this this one very good
24:55setup. This one too very good setup.
24:59Fastly
25:00five-star setup right here.
25:03Right here.
25:04Fiverr
25:06had a great setup
25:08here.
25:11Or I already this was like a decent
25:13setup. You had a great setup. This is a
25:14five-star setup.
25:16And then you had a okay setup here.
25:19H L Um
25:21you had There was a decent setup on it
25:23last week right here.
25:27Um
25:31IBIO is a bit tricky. Like there was a
25:34good setup here.
25:36Uh like this stock actually broke out
25:38late day, gapped up, and then it went
25:40sideways for most of the day. You can
25:42see it on the 60-minute chart. This
25:43thing was
25:45didn't take uh like it it
25:47the 258 was the highest of the day until
25:50late day when it broke out on high
25:52volume. So, 258.
25:55Like this was a decent setup. Actually,
25:56it was a better setup here. This is a
25:58good
26:00This good setup right here.
26:05But, there was a secondary setup here
26:08before it made this big move.
26:10IDEX
26:13Um
26:15Yeah, there could been could have been a
26:17setup here
26:19before it made a big move. INO had some
26:22some good setups.
26:27I know I did trade it on this day here
26:29when it took out the highest of the day
26:30late day, but it's a variation of a
26:32setup. Here was a really good setup.
26:36Uh but it didn't have any
26:37follow-through.
26:39Um
26:41Here was a really good setup. Look at
26:43this thing. Makes a big move, pulls
26:45back, finds support on the 20-day,
26:47builds higher lows, and has this tight
26:49range and then it breaks out.
26:51Five-star setup.
26:54And then here I uh here was also a
26:58setup. The first bounce of the 50-day
27:01builds some tight candles, and then it
27:03has a
27:04uh breakout candle from that range.
27:10Again, you know,
27:11you need to find a stock that makes a
27:12big move, then pulls back and or goes
27:15sideways for a while, find support on
27:18either the 10, the 20, or the 50-day
27:20moving averages.
27:22You know, bounce and you know, starts
27:24either building higher lows like here
27:27or has like an undercut and reclaim.
27:31Like here. And then you know, breaks out
27:33of a tight multi-day or multi-week
27:36range. Like it's the same setup or a
27:38variation of that setup over and over
27:40again.
27:41Um here like here was a maybe setup.
27:46I would have preferred maybe a bit more
27:47sideways.
27:50Uh Kodak, let's look upstairs. Livongo
27:53had many you know, I've traded this
27:55thing. This thing has been my biggest
27:57one of my biggest winners this year.
27:59Here was a good setup. Here was a good
28:01setup. Like here was a good setup, but
28:04it would have stopped you out the next
28:05day. That's exactly what happened to me.
28:08Um and here was a okay setup.
28:12Wasn't
28:13um
28:14But here, this was a really good setup.
28:16And I traded this one.
28:18And then it was also really good setup
28:20right here.
28:22But I I'm thinking all of these like
28:24bottom bottom stocks are going oil gas
28:27names,
28:28cruise lines, airlines.
28:31Like this is just like sector momentum.
28:36And this thing like on the weekly chart
28:37it looks pretty good. We've been
28:39building higher lows and has this tight
28:41tight range. Again, this is not what I'm
28:43trying to teach you. It's just a
28:44variation of the same thing.
28:47Uh but you should focus on the ones that
28:49bounce off the 10 20 50.
28:52Uh
28:52Mara, I'm not really nothing here.
28:55Merck,
28:57uh Merck had a really good setup right
28:59here. Really good setup.
29:02MCRB.
29:04Oh [ __ ] what a big move. It's Wow, this
29:06thing is up 600% today.
29:09Holy [ __ ]
29:11MIK. Uh
29:13Okay, here it had a pretty decent setup.
29:17Or not an okay setup, I guess, here.
29:21It was a bit sluggish.
29:24But, you know, this is an okay setup.
29:30Matador
29:33Um
29:35No.
29:37NLS had several good setups right here,
29:40right here, and right here. These are
29:42really good setups.
29:44NVAX had a
29:46perfect setup right here. And if you
29:48would have followed this sell rules, you
29:51would have sold uh
29:53a third to half of your shares
29:56on one of these days here, and you would
29:58still be in the stock. Okay, you would
30:01be up
30:02uh 260%
30:07on the rest of your position.
30:09The other half or 2/3 because it hasn't
30:12closed below the 10-day as
30:16since.
30:18And this is why I'd advocate, you know,
30:20trailing
30:22some of your shares on on the 10-day
30:24because sometimes you can catch
30:26something like this, and these things
30:27are really going to
30:29add to the bottom line in your accounts.
30:31You know, you catch a few of these now
30:33and then, oh man.
30:38The These are the ones that are going to
30:39grow your accounts exponentially.
30:43OPK, this one I almost traded. I I I
30:46didn't pull the trigger. Um
30:49It wasn't that clean of a setup. Um
30:52It was a bit choppy, but it was kind of,
30:54you know, surfing the 20-day, then it
30:56started kind of surfing the 50-day.
30:58Built higher lows for several months.
31:01And then it started getting tighter, and
31:02this is a COVID-19 stock.
31:05So, when you have a sector momentum,
31:07like if it's a leading sector,
31:09uh the setup doesn't have to be like
31:12really, really good. It's okay if it's
31:14like a a three and half, four-star
31:16setup. It still counts like a five-star
31:19setup because if if everything is
31:21running in a sector,
31:24you know, there is increased probability
31:26of success. So, this was a pretty decent
31:28setup. If you put it in context that
31:31it's uh you know, uh the strongest stock
31:34uh sector in the stock market for the
31:35past three, four months.
31:37Here's another. This is a five-star
31:39setup. This is like a really perfect
31:41setup.
31:43And now it's going sideways. Like it had
31:45a good setup here, too, couple of days
31:48ago.
31:49Uh looks like
31:51you know, so far it hasn't had much
31:52follow-through. But in a few days, when
31:54the 20-day catches up, it's building
31:56higher lows, had this a range here, this
31:59could be a setup, you know,
32:01later this week.
32:03Overstock, this thing had some really
32:05good setups
32:07along the way.
32:09This is a really good setup, and this is
32:11a really good setup.
32:14And you would still be in it because it
32:16hasn't closed.
32:18If you bought If you bought it here, you
32:20would still be in it because it hasn't
32:22closed below the 10-day moving average
32:24since. I'm telling you, you catch some
32:26one
32:27you know, you you know, you catch some
32:28of these moves, you know, this thing's
32:30up 300% from this trigger right here.
32:33300%.
32:35You catch these kinds of trades now and
32:37then, these are the ones that are going
32:39to grow your accounts.
32:46Penn had a really good setup here.
32:49Unfortunately, it didn't have much
32:51follow-through.
32:54Then it had a good setup here, too, but
32:56it you know, it would have stopped you
32:58out.
32:59And here, it was kind of a decent setup.
33:01Like what it did, you know, made a big
33:04move, went sideways, bounced off the
33:0550-day, built higher lows off the
33:0850-day,
33:09and then it kind of gapped up and took
33:10out this big range here. So, it's
33:13not as obvious of a setup, but there
33:16there is a setup here. Uh but it may not
33:18have been that clean of a setup.
33:21And there in there, it was like a
33:22secondary setup here, but that would
33:24have stopped you out because, you know,
33:25this day here would have stopped you
33:27out.
33:28Uh Plug, really good setup right here.
33:34Like sometimes, you know, stocks gap up
33:37over the like entry.
33:40Um but you can still have a tight stop
33:42on it if you do it like opening range
33:43highs.
33:46If you if you are you know,
33:48ready to buy opening range highs.
33:52Uh PRTY, I really don't see any good
33:54setups here. PVAC,
33:57nah, I don't really see any good setups
33:59here. Redfin,
34:03uh
34:04maybe Yeah, this one was Yeah, this here
34:07could be
34:09uh like a okay setup.
34:11Not really that obvious, but
34:16and then here, too, wasn't like,
34:19you know, maybe setup.
34:22Uh
34:23You know, it
34:24it just, you know, built higher lows,
34:27and then it had like four tight candles
34:30and took out this range.
34:34But these are not like perfect setups.
34:36RR C RR SC, no, it's not really It's a
34:39sluggish one.
34:42RUN,
34:44RUN had a decent setup here. I would
34:46have preferred a few more days of
34:48sideways, personally, but you know,
34:51you you got the a clean bounce off the
34:54rising 20-day. This is like a big
34:56momentum leader.
34:59SRNE, well, this one I'm in. I traded it
35:03here. I traded it here. On this entry
35:05here, I unfortunately didn't follow my
35:08sell rules.
35:10Uh and it wasn't a five-star setup. It
35:11was more of a sluggish name. It had been
35:13going sideways for a bit too long. But
35:15here, this is a five-star setup. I'm
35:17still in it like quarter or fifth of my
35:19shares.
35:21Um It's a double now from entry. Like
35:23this is a perfect-looking setup.
35:26You know, higher lows, keeps surfing the
35:2820-day, and then it starts getting
35:29really tight and has a breakout day.
35:33Uh SVM, nah.
35:35What's that?
35:36Like this was a decent setup, and here
35:38was a good setup.
35:42TRVN has always been choppy. They want
35:45TTI. Well,
35:47this is actually pretty decent setup. If
35:49you were ready to buy at the opening
35:51range highs. Now, there's no entry here.
35:55But this is a pretty decent one.
35:58Momentum leader, high ADR,
36:01surfing the rising 20-day, and you know,
36:04had this tight range, and now it's
36:05breaking out on high volume. But the
36:07entry was uh like sub 180, sub what
36:11Definitely sub 185
36:14was the entry.
36:17The average true range on this thing is
36:1816 cents.
36:21A low so the day is 172. So, your entry
36:24was no higher than uh let's see, 188.
36:29No higher than 188 should have been your
36:31entry.
36:34Because one of my rules is that the stop
36:37shouldn't be higher than the average
36:38true range. And yes, I put the ATR back
36:41on on on my charts because, you know, I
36:44I kind of
36:46it's easier, you know, just look at the
36:48ATR versus the ADR if you want to when
36:51you're going to put your stops.
36:53Mm UAVS had a
36:55maybe entry on Friday.
36:58VSLR, this is exactly at the run.
37:02They like I think RUN bought VSLR, so
37:05they trade exactly the same. VXRT,
37:08it's potentially starting to build a
37:11setup here.
37:14Building higher lows, it's starting to
37:15build a tight range. It's not an obvious
37:18setup here, but maybe in a few days.
37:20It's a very high average ADR stock,
37:2414.2%.
37:26Workhorse,
37:29uh
37:30I'm stalking this thing. I'm stalking
37:32this thing. It's still building higher
37:34lows and has a range here.
37:38I I was on it
37:40on this thing on this day here twice. I
37:43got stopped out twice. I lost 200k on
37:46it.
37:47Then I added I bought it rebought it on
37:49this day here, and now I kind of sold it
37:51for a small loss on on Friday.
37:54Um
37:56And today, it's uh it's just fighting on
37:59the you know, it's it's trying to put in
38:01another higher low potentially. If it
38:03can build
38:04uh like close like in the high 16s, that
38:07would be a really good sign for
38:08tomorrow.
38:10But it could as easy you know, easily
38:11break down and go back to the 50-day,
38:13too.
38:14But if it you know, can close strong,
38:16that would be a good sign for tomorrow.
38:18WTRH,
38:21I really don't see any good setups in
38:23this thing.
38:25Maybe here.
38:29You know, maybe.
38:31It kind of lost the momentum. Like it
38:33went sideways for a long time. Something
38:35and, you know, but it did break out of
38:37this long range on volume, so it could
38:40have been a maybe setup.
38:41And PRTS, this one
38:44uh we looked at on stream the day it
38:46broke out. Someone mentioned it several
38:48days before. Uh this is like
38:51seven-star setup on a five-star scale.
38:56This is like a big, big move, goes
38:59sideways, builds a tight range, and look
39:02at how tight it gets. Look at this
39:04thing. Breaks out,
39:06and boom.
39:08This is like a seven-star setup on a
39:10five-star scale. Memorize this.
39:13This is the basic principle we're trying
39:15to. Like stocks move move like stairs,
39:18right? You get a leg higher, sideways.
39:20Leg higher, sideways.
39:22You get another step higher, sideways.
39:24Step higher, sideways.
39:26So, we are trying to identify
39:28the this the the
39:31areas where the next step higher
39:34could be formed.
39:36You know, tight areas. We're looking for
39:37tight areas so we can get a tight stop,
39:40so we can get a good risk reward.
39:43This is how stocks move, like
39:45No, no, like this one is kind of a
39:47perfect one. Most are not perfect, but
39:49this is the basic principle.
39:52This is how stocks have moved in 100
39:54years, and there is no reason they
39:56shouldn't
39:57stop moving like this just because, you
40:00know,
40:02you're you're getting started. I mean,
40:06and it's in one of the hottest sectors,
40:08too. Bitcoin, Ethereum, all of these
40:10things are just starting to break out
40:12from multi-year bases.
40:15This day,
40:16uh so, again, a big big move. It's a
40:19momentum leader, right? It finds support
40:21on this 20-day, 50-day moving average.
40:24It keeps surfing these moving averages.
40:26And the last time it pulled back, it
40:28found support on the 20-day, built
40:30higher lows, and then it broke higher on
40:32earnings. And I bought it. Let's see,
40:34what's my average?
40:35225.
40:38220 Where is it? 225.
40:41Here's my entry, 225.80s.
40:44And then you use kind of Usually I use
40:47the low of the day as my stop.
40:49Um
40:51but since this thing opened, actually
40:53gapped down below previous day's lows, I
40:56used like
40:57if it went like red to green or green to
41:00red as my stop. And right now my stop is
41:03to uh 219, low 290s.
41:05Okay, VIR, another one I'm in. I bought
41:08it here. Hot sector. This is little bit
41:11of an other type of setup
41:14uh because it's not the up uh a lot
41:18uh lately. Like it's more in a bigger
41:20base, right? You have a big base here.
41:26Uh but this is where I bought it.
41:30Uh lows of the day as stop, and you
41:32know, it's been grinding higher. It's um
41:35surfing the 20-day moving average. You
41:37can clearly see this yellow line surfing
41:39the 20-day. If it closes below that, I'm
41:41out. Right now it's holding it very
41:44well. It tried to undercut a couple of
41:46times, but closed above. And looks like
41:48it's gearing for another move, and it's
41:50actually right here, it's a good setup.
41:52Like if this thing starts breaking out
41:54tomorrow, you guys need to be on this
41:56thing. This thing could go to 60 plus.
41:59If it starts breaking this like mid-40,
42:02mid-high 48 area, low 49s tomorrow, you
42:05got to be on it.
42:06AVLR, another one.
42:10Bought recently.
42:12Uh Wednesday, I think. Right here. Look
42:14at where it found support. It bounced
42:17perfectly off the 50-day.
42:21And here, it also had a pretty decent
42:23setup
42:25uh that I passed on.
42:28Uh
42:28when it, you know, found support on the
42:3120-day every single time. Built higher
42:33lows, and then it start broke out of
42:35this range with higher lows
42:38with higher volume.
42:40That one was very good. And you could
42:42have sold uh half after 3 to 5 days,
42:46either on this day here or here.
42:49And then you use the 10-day as your
42:52trailing stop, and you would have gotten
42:53stopped the rest on this day here.
42:57Uh GBTC is another type of trade, so
42:59let's ignore that one. CS is another
43:01type of trade, so I'm going to ignore
43:03that one
43:04uh because I'm I'm just showing you one
43:06specific type of setups here.
43:09DDOG.
43:10I was already in the trade, but this is
43:12a five-star setup. I didn't buy it
43:14because I was already in it. But then
43:16another one had a big big move, the big
43:19earnings winner, but this is also
43:21something I'll Let's just ignore all
43:23fundamentals and all stuff. That stuff,
43:25all you need to focus on is, you know,
43:27in be the strongest stocks.
43:30You have a big big move.
43:32It serves the 10-day. This is a very
43:34strong stock. It serves the 10-day. It
43:36did undercut it, but it reclaimed and
43:39started building higher lows. And then
43:41you have tight range and starts breaking
43:43out on higher volume.
43:46And again, you could just use the 10-day
43:48moving average. Now, it's going to not
43:50going to be perfect. You're not going to
43:51nail any tops or bottoms or stuff like
43:53that, but you would have sold half
43:55somewhere here.
43:58And then you would have sold the other
43:59half here on this day here.
44:02Uh Lake is also It Lake is a similar
44:06also same type of trade, like
44:09I bought it here. Unfortunately, closed
44:11back into the range in the range without
44:14uh stopping me out, though.
44:16Higher lows, hot sector. It's a mask
44:18stock.
44:19You have this range. It's a momentum
44:21leader.
44:23Serves the 20-day, keeps building higher
44:26lows, getting tighter and tighter. And
44:27right now,
44:29you know, it it didn't break out yet,
44:30but it looks like it wants to
44:32eventually.
44:34Peloton. This one is still worth looking
44:36at it. I passed on this one.
44:40But again, the March lows made a big
44:41move.
44:44Made a big move. It doubled quickly off
44:46the March lows. Pulled back, found
44:48support on the rising 20-day, and then
44:51it got a bit tighter. Not It's a little
44:53bit more of subtle setup. Uh but um
44:57you know, uh
44:59it looks pretty decent.
45:01Built higher lows, and then it broke out
45:03on higher volume. This is a few days
45:05before earnings, that's why I passed on
45:07it, and you know,
45:09now it's higher.
45:12And I rebought it. Wait, where did I
45:14rebuy it? I'm in it right now.
45:17Uh 63.50 is my average. Which day did I
45:21buy? Yeah, this day here. This is where
45:23I bought it.
45:25This day. I think it was last Monday.
45:27You know, it keeps finding support on
45:29the rising 20-day. Here it found support
45:32here, here, here.
45:34And uh
45:36then it
45:37You know, it's a
45:38Okay, it's not really that kind of a
45:41good setup like I'm trying to show you,
45:43but you know, it's been working so far.
45:45This is more of a like fundamental
45:47story. It showed my bunch of relative
45:50strength and stuff like that.
45:52Uh
45:53but I'm not going to go much into it
45:55right now.
45:56I'm going to try to keep these uh a show
45:58a swing trading school sessions short.
46:02So, you don't get bombarded with a lot
46:04of information. I'm going to do this
46:06daily.
46:07Uh let's see. Chewy as Chewy was another
46:10one. This one I've talked about a lot
46:12the past few days. This is a five-star
46:13short.
46:15You have
46:16big move.
46:18This thing goes up 230%.
46:21And this is also like there's a
46:23fundamentals uh included. Well, they or
46:25not actually, it's like a pump stock.
46:28A very influential pumper on Twitter is
46:30on this thing, and well, let's just say
46:33his
46:34it's working out pretty nicely.
46:36Uh you know, you need to memorize these
46:39setups. Look at where it found support.
46:40Like the strongest ones find support on
46:43the 10-day.
46:45The strong ones, the 20-day, and the
46:48well, slower ones on the 50-day.
46:51Generally. Tesla, like here's There's a
46:53lot of good setups on this one.
46:56Okay.
46:58Like there was uh like a more subtle
47:00setup somewhere here.
47:03Like this was Let's just imagine like
47:05when the stock was up here, like near
47:07the highs of the day. Like this candle
47:09looked really good. Now, it happened to
47:11close weak, but it never did took out
47:13the lows of the day, so you wouldn't
47:15have gotten stopped out. Unfortunately,
47:16I passed on this one.
47:18Uh but look at what it would have What
47:20would have happened if you had used the
47:22close below the 10-day? This is why I
47:24all want you to guys to
47:27use the close of the 10-day as a
47:29trailing stop for at least like a third
47:32or maybe even half of your
47:34uh
47:34uh position.
47:36Because look at this thing. Look at the
47:38move it did
47:40without closing it below the 10-day
47:42moving average. Here it actually gapped
47:43down,
47:45but reclaimed. And here it closed above
47:47it. The next day it gapped down, but
47:48immediately reclaimed and closed above.
47:51So, you wouldn't have gotten stopped
47:52out. This is why And you wouldn't have
47:54gotten stopped out until here, this day
47:57here.
47:59So, you would have You would have caught
48:01a
48:02100 and Well, actually, at the highest,
48:05this thing was up 185%.
48:08This is This is the logic behind uh you
48:11know, trailing with the 10-day moving
48:13average. These home runs, you catch few
48:16of these,
48:18you're going to make a lot of money.
48:21And this is great with about swing
48:22trading versus day trading. You don't
48:24have to sit there and scalp for stupid
48:27small moves. Sit around your entry,
48:30constantly look for new trades, looking
48:32for new action. You can just sit in it.
48:34Just have patience. Obviously, it's
48:36easier said than done,
48:38but there is a logic behind all of these
48:40things because they work.
48:44And here Here's another setup I traded.
48:48More subtle one, but off the March lows,
48:51made a big move, started surfing the
48:5310-day, then the 10 20-day got really
48:55tight. And then on this day here, I
48:58bought. It actually didn't break out of
49:00this range completely, but I anticipated
49:02the breakout. Next day, I think it was a
49:04Monday, it gapped up. I added more in
49:07the opening range highs.
49:11And then,
49:13big move. And I was long.
49:16I I I did get shaken out uh when it
49:19closed below the 10-day here,
49:21uh but I did rebuy on this day here. So,
49:24like if you remember, I was long this
49:26whole move. Like here, I was long here,
49:29and then we added here.
49:32And then it went up like another 27% in
49:35like overnight, pretty much.
49:39So, you know, you got to memorize these
49:41setups.
49:44It's a lot of money.
49:46If you just, you know, there's there's,
49:48you know, if you master just just one
49:50setup, you will never have to work a day
49:52in your life. You going to be your own
49:54boss.
49:57And if you really get good, you can make
49:59a lot of money. There's no reason why
50:00you can't make many millions trading
50:02this just one setup. TTD on Friday, I
50:06bought it.
50:07And all of those who were on the stream
50:09on Friday remember me buying this thing,
50:11opening range highs.
50:13Five-star setup, big big move, pulls
50:16back, finds support on the 20 day,
50:19starts building higher lows.
50:21Has this range break and so far hasn't
50:24had a lot of follow-through, but I think
50:26it can go to 500 plus.
50:28Zoom today, exact same setup.
50:31Big big move.
50:34Find support on the rising 20, then the
50:36rising 50 day. Like this thing keeps
50:39finding support on the 50 day like it
50:40did here, here, here, and now here.
50:45This is a break out. There's no reason
50:46why this thing can't go to 300
50:48eventually.
50:51APT
50:52This one I bought here. Like this was
50:55more of an anticipation. Like this is
50:56another type of setup, but let's focus
50:58on this one. This was a secondary entry
51:00where I added. Another five-star setup.
51:03You had big move off the lows.
51:05Pulls back, goes sideways, gets tight,
51:07finds support on a rising 20 day, puts
51:10in narrow candles, and then breaks out
51:12on high volume.
51:15And it keeps keeps going.
51:18Still keeps going. SRNE, I bought it on
51:21Thursday.
51:23Actually, I bought it here on this day,
51:25too. This one I messed up.
51:28Um
51:29I bought it here. Had a big move. This
51:31is like a hot the sector. It's a
51:33COVID-19 stock.
51:38Find sup- find support on the rising 20
51:40day.
51:43Started breaking out and
51:46look at the move. And unfortunately, I
51:48got shaken out here at six bucks. I
51:50didn't follow my own rules. The close
51:52below the 10 day.
51:54I would have otherwise get gotten
51:55stopped out here somewhere.
51:57On this day here.
51:59And then I rebought now on Thursday on
52:02this day here. And on Friday made a huge
52:05move.
52:10W, another one.
52:12I bought it here.
52:14Because this was showing this was one of
52:16the stocks with the biggest relative
52:18strengths.
52:19Um after in the like mid-July
52:23pullback, like early mid-July pullback
52:26we had in the markets.
52:29This thing showed uh
52:30was one of the stocks that showed the
52:31best strength. It barely pulled back.
52:34It was back at all-time highs in no
52:36time. And this thing is up
52:38900% from the lows. Like if you have a
52:41stock that's up 900%
52:43in a few months,
52:45and the market weakness can't bring it
52:47down, the stock is trying to tell you
52:50something. It's yelling at you. This
52:53stock was literally yelling in our
52:56faces, "Hey,
52:57I want to go higher.
52:59If the market's
53:01weakness stops, I'm going to go higher."
53:03And that's exactly what happened. We
53:05bought it on this day on stream.
53:08Opening range highs, and now look at
53:10this thing.
53:13I've I've been selling tiny pieces every
53:15single day, and I think, you know,
53:18it goes where it has to go. I'm I'm
53:20using the 10 day as my
53:24As my uh closing stop, as my uh um
53:27moving uh trailing trailing stop. Man, I
53:30don't even know what the hell I'm
53:31talking anymore. I hate talking.
53:35This is why I why I hate talking. I
53:37don't even know what the hell I'm
53:38saying. Okay, BILI, another one. This
53:42one I did buy here.
53:45On this day here.
53:47Uh not as clean as of a setup, but it
53:49did it was it showed like
53:51super strength. It's just riding the 10
53:55day.
53:56Had one narrow range candle, and then it
53:57broke out here.
54:00Boom. I did get stopped out. I think it
54:03was on this day somewhere here I got
54:05stopped out, and then I got back in on
54:07Friday. Look at this thing.
54:12It pulled back, found support on the
54:14rising 50 day, put in narrow candles,
54:17put higher lows,
54:19and boom, breakout on high volume. This
54:21one I bought after the stream ended,
54:23like
54:24a couple of hours in the trading
54:26session.
54:28And now today it gapped up having a This
54:29is a good setup. I think if it can go
54:31have an inside day today,
54:34like it had a pretty wide day on Friday.
54:36If it can go sideways today, build some
54:38higher lows,
54:40then then this thing would be a
54:41five-star setup for tomorrow. This is a
54:43high tight flag. Big big move. This is a
54:45momentum leader. ADR is 15%. That's
54:49extremely high. Not a lot of stocks
54:52have ADRs that are that high.
54:56Usually when a ADR is this high, the
54:58stock has made a big move, which this
55:00thing has.
55:01Like it's a bit too thin for me to
55:04trade.
55:06I'm not going to watch it today, but
55:07tomorrow, like if it starts breaking
55:09that low 28 mid low mid-28 range,
55:13I'm going to watch it. Uh today I'm
55:15going to ignore it because it's just
55:18not good enough for me. It it's just too
55:20thin for me.
55:22I I
55:23thin stocks, if I'm going to trade a
55:24thin stock, it needs to be really really
55:27good setup.
55:31Uh
55:32well, MCRB
55:35had some phase three data up 350%
55:37pre-market. TRVN had some data.
55:42A lot of biotech-related gappers. MEELY,
55:45unfortunately, I'm not in it anymore. I
55:47bought it on earnings on this day here,
55:49and then I used the 20 day moving
55:51average as my trailing stop. I got
55:52stopped out I think on this day here
55:55when it was obvious it was going to
55:57close below the 20 day.
55:59And yeah, what can I say? It's up 30%
56:03since.
56:04And it reported great earnings.
56:08I mean, just incredible earnings. This
56:09is like the Amazon of South America.
56:14Without the cloud thingy, but they have
56:16payments, they have e-commerce. Like
56:18this is the dominant e-commerce
56:20payments platform in South America.
56:24Um
56:25I just incredible earnings.
56:28Uh but it's, you know, it's not a good
56:29setup here.
56:31It's very extended. It needs to go pull
56:33back, go sideways for, you know, at
56:35least a few weeks, at least.
56:39At least.
56:43But it is a large-cap momentum leader.
56:46Uh but again, it's not a good setup
56:47here. The earnings are great, and I'm
56:49going to watch it very closely over the
56:51coming weeks and months.
56:53Cure, good setup.
56:55Uh AKER was a decent setup here
56:58like 3 days ago or whatever. Uh or
57:02you know, it did close weak.
57:04But but it was a pretty decent setup
57:06here. It made a big move, it went
57:08sideways, started surfing these moving
57:10averages. You can see it started
57:11building higher lows. It was a decent
57:14setup here.
57:16Um and now it's just keep, you know,
57:18it's had some follow-through.
57:22VIR, yeah, VIR looks great. I'm long
57:25this thing, but uh I I just don't see a
57:27great setup here right now. There was a
57:29setup here.
57:30This was a potential setup.
57:33Uh but right now there's no setup here.
57:38absolutely not. Why are you even looking
57:41at this thing? ADR 1.7%. You're never
57:44going to make any money trading stocks
57:45like these. It's a [ __ ] setup. It's a
57:48[ __ ] stock.
57:52Focus on the high ADR stocks.
57:56Kirk, too thin. There's no setup here. I
57:59mean, it's not too thin if you have a
58:00tiny account. This is not a thin stock.
58:03It has high ADR, it's a momentum leader.
58:07Uh so it fits those criteria. But but
58:10where's the setup? Like it had a setup
58:13here. There was a
58:14okay setup.
58:18Like on this day here. Then it had a
58:20potential setup down here.
58:22But now it's just in limbo. You know, it
58:25they need to like the setups, you need
58:27to buy them when they're bouncing
58:30or surfing the 10, 20, or 50 day moving
58:33averages. Right now, look at this thing.
58:35It's not near any of these moving
58:36averages.
58:40ARNET
58:42Uh ARNET, yeah, it needs a setup. Maybe
58:44in a couple of days.
58:47Needs to build a range here. Take TTOO,
58:51uh
58:52Yeah, it looks decent. This one looks
58:54decent. Like it made a big move, right?
58:56It keeps surfing the 20 day. It's been
58:58going sideways for about a month, 2
59:00months, or so. Building higher lows,
59:02surfing the 20 day. Uh this is a good
59:05setup. If it starts breaking And it's
59:07the hottest sector. It's a COVID-19
59:09sector. High ADR, 9.3%. This could could
59:12be a good one.
59:14This is a stock that could very easily
59:15go up 50%.
59:18You know, if it 50, 100% if it starts
59:20breaking out on volume.
59:22Uh this is something you need to watch,
59:24absolutely.
59:26Um
59:28Like if it starts breaking the the high
59:31170 area
59:33low 180 area like big volume
59:36cool
59:38not short school swing trading school
59:42So yesterday we went through my current
59:44positions and the good setups that have
59:47been on those stocks in the past 4 5
59:50months.
59:51So I'm going to just open up a simple
59:53scan.
59:55Let's just do past biggest 6 month
59:58gainers very simple scan.
1:00:01So I use
1:00:03volume
1:00:05dollars 80 million dollars. Here it says
1:00:08what 800,000
1:00:11but it's in it's it means 80 million.
1:00:14You have to add two or three zeros. So
1:00:16this is 80 million dollar volume, okay?
1:00:19Average daily range this is the code.
1:00:22I'm just putting it here for now.
1:00:25But also I'm going to put it on my blog
1:00:27or on my
1:00:28about page.
1:00:32All right.
1:00:34Anyway on price growth 6 months
1:00:38the past 126 days it needs to be in the
1:00:41top 7% of performers after applying to
1:00:46after applying these two like volume and
1:00:48the volatility criteria. Then we do a
1:00:50scan like like now it's near the open.
1:00:53There's not a lot of stocks in this scan
1:00:55like after close it's going to be like
1:00:5740 50 stocks in this scan. Let's just
1:01:00start with Carvana. I'm going to show
1:01:02you good setups.
1:01:03I I can see five two five star setups
1:01:06right right right now.
1:01:09One is here, okay? You have a big big
1:01:12move, okay? Look at how it how it keeps
1:01:15surfing the 20 day and then it just
1:01:17keeps getting tighter.
1:01:20Look at how tight it gets.
1:01:22As it serves the 20 day and then it has
1:01:25a high volume breakout, okay? On this
1:01:27day here like this day needs to be on
1:01:29your watch list once it gets starts
1:01:31getting tight, okay?
1:01:32You need to be able to identify the
1:01:34setup here. This is where you need to be
1:01:37able to identify the setup. And when the
1:01:39next day when the market opens you got
1:01:41to be ready. As soon as it starts
1:01:43breaking out that's when you buy it.
1:01:47Okay, and another good setup. This is
1:01:49not a five star. This is maybe three and
1:01:51a half star.
1:01:52Is this one here. Right here.
1:01:56Another good setup. Keep surfing the 20
1:01:58day builds higher lows and puts in a
1:02:01tight range. I'm actually going to
1:02:03switch to this view here because there's
1:02:06less noise. You don't need to see you
1:02:08don't need to put any notes on here. You
1:02:11don't need to do anything. You just need
1:02:13to
1:02:14watch the price.
1:02:17What scan did we use? What's the 6 month
1:02:19gainers scan, yeah.
1:02:23Okay, next one Square.
1:02:26Oh now it's fading the gap today, okay.
1:02:28So Square
1:02:30did it have any good setups
1:02:32lately?
1:02:34Let's go back here. It had some really
1:02:37good setups like back in 2017.
1:02:42This thing you know keeps riding the 50
1:02:44day.
1:02:46Okay.
1:02:47And here you know builds a base starts
1:02:50breaking out makes a move and serves the
1:02:5310 day and then you get two really tight
1:02:56candles with higher lows and it breaks
1:02:58out.
1:02:59That's a good setup.
1:03:03Here another really good setup. This is
1:03:05just an insanely good setup.
1:03:08Like you need to go back and you you
1:03:10need to take screenshots of these
1:03:11things. You need to build a database
1:03:13thousands of stocks.
1:03:16Like if you don't study at least you
1:03:18know spend at least like 500,000 hours
1:03:21studying this one single setup.
1:03:24It's just super simple. It's not easy
1:03:26but it's simple.
1:03:28But you still need to study needs be
1:03:30hundreds hundreds of hours thousands of
1:03:32hours over the next few years.
1:03:35That's how you master it. That's how you
1:03:37will make
1:03:38millions tens of millions.
1:03:41With this one setup you can make tens of
1:03:43millions.
1:03:48Like
1:03:49like this could be like it's kind of
1:03:53breaking out of a little bit of a range
1:03:55of the 50 day you know building higher
1:03:57lows. It's a little bit more of a subtle
1:03:59setup like there's obvious variations of
1:04:02this setup. There's you going to figure
1:04:04it out. You know if you spend a thousand
1:04:05hours studying these setups you're going
1:04:07to figure out these variations.
1:04:12Like Square had Square had bunch of this
1:04:15is another good setup. Bounce off the
1:04:18undercut and bounce off the 20 day gaps
1:04:20up the next day. This looks very similar
1:04:23to SC now this thing didn't this one
1:04:25didn't have that much follow through.
1:04:27But
1:04:29like this that setup that last one looks
1:04:32very similar to SCDG
1:04:35yesterday a couple of days ago.
1:04:37You had this weak candle
1:04:39that reclaims the next day you have gap
1:04:41up.
1:04:44That's another one. Sometimes you know
1:04:46if you have a good looking setup and it
1:04:47gaps up on earnings or news even if it
1:04:50gaps up 5 10 15% it could work out.
1:04:53Okay, next stock Etsy several really
1:04:57good ones. This is a five star setup.
1:04:59Take a screen shot of this thing.
1:05:01Memorize this pattern.
1:05:04You don't need to do anything other you
1:05:05don't need to know the earnings. You
1:05:07don't need to know that what the sector
1:05:09this thing is in.
1:05:11You really don't. That's a five star
1:05:13setup. And then you had another really
1:05:16good setup like here.
1:05:19Or well actually it was a better setup
1:05:22here.
1:05:25Higher lows you have a range surfing the
1:05:2720 day.
1:05:30I know now look at it.
1:05:32Another one Fiverr.
1:05:35I can immediately find a five star setup
1:05:38right here. I didn't trade it was too
1:05:40thin but I did recognize this setup. I
1:05:42even put look at this arrow.
1:05:45I put this thing in my back watch list.
1:05:50Just to track it and look at this thing
1:05:51straight up.
1:05:54And if you know you would have sold you
1:05:56would have bought it here you would have
1:05:57sold half or a third on any of like on
1:06:01this day here on any of these two days
1:06:04three days after three to five days you
1:06:06sell a third or half and then you use
1:06:08the 10 day moving average as a trailing
1:06:10stop.
1:06:14And
1:06:15you know it
1:06:16here it kind of undercut the 10 day but
1:06:19it reclaimed it closed above and then
1:06:21you can move your stop here, okay?
1:06:25And once it
1:06:26goes below this area that's when you get
1:06:29stopped out. So you know using that sell
1:06:31rule those sell rules you would still be
1:06:33in the stock.
1:06:37But this is something you will figure
1:06:38out once you look at thousands of stocks
1:06:41thousands of leading stocks big movers
1:06:43like these how they act around these
1:06:46moving averages and how do how do you
1:06:48develop sell rules.
1:06:52Fastly another one.
1:06:54This one I talked about yesterday so
1:06:56I'll ignore this one. MRNA.
1:07:01I'll just show you a five star setup
1:07:03right out of the gate. Here it is. I
1:07:05bought it this thing here. Unfortunately
1:07:07I didn't follow my own sell rules so I
1:07:09sold it on this day here.
1:07:11And then look at what happened. I I just
1:07:14thought you know I don't know why I sold
1:07:15it. I just sold it. I didn't trust it
1:07:17and then look at what it did.
1:07:20Here another five star and there there
1:07:23was actually a good setup here too. This
1:07:25was an even better setup.
1:07:26You have this look at how tight it got
1:07:29and then you have this big range.
1:07:35And here another five star setup. Boom.
1:07:38Look at this.
1:07:44Here is another good setup.
1:07:47Actually here is when I bought it.
1:07:50It undercuts the 50 day reclaims starts
1:07:53building higher lows you have this big
1:07:55big range.
1:07:58You have this breakout candle on higher
1:08:00volume and look at what happened.
1:08:04Made a big move and now it's flagging
1:08:06again. This is also good setup. It's
1:08:08building higher lows.
1:08:10Has a tight range like maybe tomorrow if
1:08:13this thing can close stronger than it is
1:08:15right now could be a good setup
1:08:17tomorrow.
1:08:18What's BNTX doing?
1:08:21Now BNTX looks really weak. It undercut
1:08:23the 20 day but this thing if this thing
1:08:26closes strong like closes inside of this
1:08:29range it could still be a setup for
1:08:31tomorrow.
1:08:34Let's look at another one W.
1:08:36This thing had some good setups too.
1:08:39Somewhere a bit subtle.
1:08:42Um
1:08:43Now this wasn't really good setup even
1:08:45though it really worked. Sometimes you
1:08:47have these you know
1:08:50some setups that just
1:08:52you know too short but they work
1:08:54anyways.
1:08:55Here is a good setup. This is a five
1:08:58star setup.
1:09:01It was stock that find support on a 20
1:09:03day starts building higher lows puts in
1:09:05a tight range and then it has a breakout
1:09:07candle. That's a five star setup.
1:09:11Here is another
1:09:12uh
1:09:13maybe not a super setup maybe a three
1:09:15and a half star setup. Now in hindsight
1:09:17it worked but
1:09:19and this is one I bought last week. This
1:09:23is this is when someone told me
1:09:25hey I see you're long W.
1:09:28You should quit trading.
1:09:32Uh
1:09:34kind of funny. Anyway, I bought it here.
1:09:37This one I also talked about yesterday
1:09:39on the on the swing trading school. So,
1:09:41you you already know about this one.
1:09:44Uh NVAX I talked about yesterday.
1:09:46Livongo, I think No, Livongo I didn't
1:09:48talk about. This one I've been trading
1:09:50several times this year.
1:09:53Uh I initially bought it on this day
1:09:55here when it guided higher, but that's
1:09:57another setup. Maybe I'll start teaching
1:10:00that setup next year or something, but
1:10:02let's just focus on this one
1:10:04simple breakout setup I'm trying to tell
1:10:06you
1:10:07to
1:10:07teach you. This is like a Uh it's not
1:10:10really a obvious setup. It did work, but
1:10:12not a great setup. This is a great
1:10:14setup. I traded it. Unfortunately, it
1:10:17stopped me out.
1:10:18Okay, no follow-through. Stopped me out.
1:10:22Then it found su- another it bounced off
1:10:25the 20-day here. It bounced off the
1:10:2720-day here. Now, let's see what
1:10:29happened. Look Look at this. Look at
1:10:31this. And this This is a five-star
1:10:32setup. I traded it. Look at this thing.
1:10:35Builds higher lows, has this tight
1:10:37range, and then it starts breaking
1:10:38higher.
1:10:42That one I traded. I bought it back.
1:10:46Had a huge move, and then you get
1:10:47another five-star setup right here. It
1:10:50It did close a bit weak, but I did buy
1:10:53it right where where it started breaking
1:10:55out.
1:10:58It surfs the 10-day,
1:11:01higher lows,
1:11:03tight range, and breaks out. Look at
1:11:04this thing. And I sold it somewhere here
1:11:07in the like
1:11:09low hundreds area because I thought it
1:11:12was getting extended. I didn't didn't
1:11:14think it was going to go up much more.
1:11:15Well,
1:11:16I was wrong.
1:11:21Here we are. It went to 150
1:11:24yesterday.
1:11:26Another one, Mara. Mara
1:11:31Uh it's a little bit another type of
1:11:34trade. I'll I'll I'll ignore it.
1:11:37Vaxart
1:11:41This is a good setup. Okay? This is
1:11:44something you need to identify the day
1:11:47before. And then the next day it gaps up
1:11:49on some news. Okay? You need to be on
1:11:52it. You need to buy at opening range
1:11:54highs. You got to see You know, this
1:11:55thing had huge volume out of the gate. I
1:11:58bought this thing. I had a big trade on
1:12:01it.
1:12:02Opening range highs, you buy it. Lows of
1:12:04the day is your stop. And then you just,
1:12:07you know,
1:12:08sell it into strength some at the 3 to 5
1:12:11days.
1:12:13And the first close below the 10-day,
1:12:15which would be on this day here, you get
1:12:17stopped out of the rest.
1:12:19And Vaxart has kind of a maybe setup
1:12:23today. Uh it doesn't really Ah, no, it
1:12:25doesn't look that great. Never mind.
1:12:27ASR E
1:12:29This thing has two really good This one
1:12:32I bought. I I messed up the sell. Like,
1:12:35I'm usually very good with entries, but
1:12:37my I just many times I just don't follow
1:12:40my own sell rules, and it kind of
1:12:43annoys me. It kind of pisses me off
1:12:44sometimes.
1:12:46I Unfortunately, I sold it on this day
1:12:48here.
1:12:50Six bucks. I don't know why. And then
1:12:53look at what it did.
1:12:54But good thing is I rebought it here.
1:12:57This was I think it's Monday, 8:29. I
1:13:00bought 150,000 shares if I remember
1:13:02correctly or 200,000 shares. I don't
1:13:05remember, but yeah. And I'm still long
1:13:0740,000 shares.
1:13:09Uh Tesla This thing is setting up.
1:13:13It's setting up. Same thing, higher
1:13:16lows. This one I talked about yesterday,
1:13:18so I'm not going to talk about it today.
1:13:20Um Twilio, another one.
1:13:24Uh you have a big move.
1:13:27Get It chops around for a bit, goes
1:13:28sideways in a choppy range.
1:13:31Find support on the rising 20-day,
1:13:33starts building a range, tight range,
1:13:36puts in a narrow candle, and then it has
1:13:38a breakout on higher volume. Now,
1:13:40obviously, you can't Most of the time
1:13:41you can't kind of determine
1:13:44like early in the day that it's going to
1:13:47have higher volume. So, you just, you
1:13:49know, especially if you're trading like
1:13:50liquid like mid and large cap stocks,
1:13:53like they always have volume. You don't
1:13:54need to worry about it.
1:13:57And look at what it did.
1:13:59And here, another good setup.
1:14:02Really good setup. Look at this. Higher
1:14:04lows, tight range, bounces off the
1:14:0720-day again, builds higher lows, and
1:14:09then it has a breakout candle.
1:14:10Boom.
1:14:12Overstock This one I also talked about
1:14:15that if I remember correctly. This one
1:14:17had a good setup here.
1:14:20Not a five-star, but maybe a three and
1:14:22half four-star.
1:14:25This is a five-star setup.
1:14:28Okay? And this is also like a five-star
1:14:31setup.
1:14:33Okay?
1:14:34It's like my daily back watch list.
1:14:37I track all every every notable breakout
1:14:39breakdown. I track them for a month.
1:14:42Like I Let's see. I I It's 5th of August
1:14:44now.
1:14:45Uh my oldest back watch list is 6th of
1:14:48July. We can just go through it and look
1:14:50at this what triggered that day.
1:14:58Uh actually, I already put the
1:15:01I Yeah. I'm going to put it Yeah, that's
1:15:04a good one, Bud Iyer.
1:15:06Um
1:15:08I've already done that one. I just
1:15:09haven't put it on the about page. Uh you
1:15:12can see it right here.
1:15:14On the daily chart, I use the simple
1:15:16moving averages. On the 60-minute chart,
1:15:19I use exponential moving averages.
1:15:22Why? Because they work.
1:15:26And they just work. Like, it doesn't
1:15:28really even matter what type of what
1:15:29moving averages you use. Like, I use
1:15:31these ones because I found they work
1:15:34really well on momentum stocks.
1:15:36But you know, you may find that some
1:15:38other moving average works better, and
1:15:41that's fine. Like, but you you There's
1:15:43there needs to be a reason for it.
1:15:47Okay, 6th of July. The CBAT had a random
1:15:50pop. UMRX had a random pop. Aeway I row
1:15:54had a random pop. Tiger
1:15:57Yeah, the China brokerage stocks broke
1:15:59out that day. I remember that. Mark had
1:16:01a random pop. Oh, this is the day I lost
1:16:03a bunch of money on it.
1:16:05I bought the breakout. I didn't realize
1:16:07they had earnings
1:16:08after hours, and I had to sell on a gap
1:16:11down. Vayable had a random pop. Yin had
1:16:14a Yeah, okay. China names all had random
1:16:17pops that day.
1:16:18MKTX It's a slow very slow name, but it
1:16:21kind of broke out of a nice pattern, but
1:16:23had no follow-through.
1:16:26IMMU
1:16:27Gapped up on some news.
1:16:31Oh, IMMU. I can show you two really good
1:16:34setups on this one. Three really good
1:16:36setups.
1:16:37Here.
1:16:39This day here.
1:16:40You know, this had a big move on high
1:16:42volume on some biotech news. Kind of
1:16:45went higher, pulled back. The 10-day
1:16:47caught up.
1:16:49And then it broke out on high volume.
1:16:52It wasn't a very obvious setup.
1:16:53Actually, you know, the day before it
1:16:55looked like this. Uh it wasn't a very
1:16:57obvious setup. But, you know, this was a
1:17:00better setup. No, wait. Where's the
1:17:03better setup? Here is a better setup.
1:17:08Where actually it's kind of extended,
1:17:09but there was a setup here, too. It
1:17:11didn't have much follow-through.
1:17:12Actually, you would have lost money on
1:17:14it. But, this is a very good setup.
1:17:18Had a big big move. It what? Tripled or
1:17:21something? Quadrupled? Pulled back, went
1:17:23sideways, found support on the 50-day
1:17:26actually before the 50-day. Had a nice
1:17:28nice like range break candle. This is a
1:17:31very good setup.
1:17:33And this is another pretty decent setup.
1:17:35Like,
1:17:36it wasn't really tight going into it,
1:17:38but sometimes, you know, the previous
1:17:40day can be loose if you have a nice
1:17:42range. And the same here.
1:17:44Um
1:17:45You kind of have to look at the overall
1:17:47picture. But, you know, if you if you
1:17:48study thousands of examples, you kind of
1:17:50figure these things out. FSLR we talked
1:17:52about earlier.
1:17:53NET NET had a good setup yesterday. It's
1:17:56a very thin stock, but this thing had a
1:17:58very good setup yesterday. This is a
1:18:00five-star setup. And today it gapped up
1:18:02a bunch, and now it's actually took out
1:18:05yesterday's lows. I don't know. They had
1:18:06some news, and they didn't like the
1:18:08news, I guess.
1:18:12Uh okay. Coupa Coupa, five-star setup
1:18:17right here.
1:18:18Boom boom boom.
1:18:20Higher lows. Look at how it just keeps
1:18:22surfing the 20-day, higher lows, and
1:18:24then you have a little bit of a range.
1:18:26It was a bit choppy,
1:18:27uh but eventually it got tighter and
1:18:30tighter, and broke out. Boom.
1:18:34Uh what's this this Oh, this thing had a
1:18:35big breakdown that day. DT XM This one
1:18:39I'm stalking. It's a little bit like
1:18:42it's getting super tight. You can just
1:18:43clearly like look at this range. Like,
1:18:47this thing wants to go higher. You can
1:18:48obviously You can clearly see This is an
1:18:50earnings winner, big big earnings.
1:18:52They reported last week.
1:18:55Big guidance. Like, this thing has fuel.
1:18:58It's not something you guys have to
1:19:00focus on, uh but I I I like to trade the
1:19:03stocks with big earnings. They tend to
1:19:05make the biggest moves. But, the only
1:19:06thing you really need to focus on is the
1:19:08momentum. That's really the only because
1:19:10all of the big uh earnings winners,
1:19:12they're going to have a momentum. You're
1:19:14going to catch them
1:19:15if you just focus on the momentum. So,
1:19:17you don't really need to focus on
1:19:18everything el- anything else. I'll just
1:19:20I I I'll even
1:19:22switch it this tab so you didn't see
1:19:23anything other than just the setup.
1:19:27Looks like Twitter is taking out high so
1:19:29today.
1:19:31I I like Twitter. Like it's a bit slow,
1:19:33but like I'm risking what? 75 80 cents
1:19:36to potentially make
1:19:39I mean, this thing gets going. Well, why
1:19:40can't this thing go to 45 50?
1:19:44You know, good risk reward. Like on
1:19:46swing trading, you always want to get
1:19:48like
1:19:49you're aiming to get like 5 10 20 times
1:19:5330 times your initial risk. Like the the
1:19:56best trades, you'll make 20 30 50 times
1:20:00your initial risk, you know? You can
1:20:02make a lot of money even if you only
1:20:04have like 20 30% win rate. You can make
1:20:07a [ __ ] load of money.
1:20:10Like my win rate last year, I think it
1:20:12was 20
1:20:14uh 20 Was it 22% 25% something like
1:20:18that?
1:20:22And this year I This year it it it's a
1:20:24bit better.
1:20:27Maybe I don't know, but maybe closer to
1:20:3030%. But
1:20:32but you you can have a win rate well
1:20:34below 50% and you can make a [ __ ] ton of
1:20:36money.
1:20:42Uh and you know, another thing, you
1:20:43know, there's a lot of these day traders
1:20:45out there selling their subscription
1:20:48services. They're you know, they claim
1:20:50they have like these 70 80 90% win
1:20:54rates. And maybe they have, but if you
1:20:56need a 70 80 90% win rate to make money,
1:21:00I'm sorry, but your setup sucks.
1:21:03Your methods suck.
1:21:05You have a very little edge if you need
1:21:08that high of a win rate to make money.
1:21:11Uh what was your best month? How much uh
1:21:15My best month was probably like I don't
1:21:17know, June or
1:21:19May or June or something.
1:21:27Yeah, June No, wait.
1:21:29Uh No, wait.
1:21:31Yeah, I think June this year was my best
1:21:34month.
1:21:35I made 5 million.
1:21:37I made 5 million bucks in June.
1:21:42Because the market was just so good.
1:21:45Like look at the Nasdaq during June.
1:21:47This is June month. Look at this thing.
1:21:50It's pretty much straight up.
1:21:52A little bit pullbacks, but you know,
1:21:54still.
1:21:57Uh
1:21:58numbers, yeah, okay. I'll show you what
1:22:01those mean. Let's look at Livongo.
1:22:03So, what it means, I'm going to show
1:22:05you. These are from MarketSmith these
1:22:07numbers.
1:22:08These are earnings and revenue.
1:22:10Okay?
1:22:12So, the left column is the
1:22:15uh earnings like EPS growth and the
1:22:18right one is revenue growth.
1:22:20This is what a growth stock looks like.
1:22:22These These kind of stocks you want to
1:22:24make be long.
1:22:26The ones that have triple digit earnings
1:22:28and revenue growth. This is the reason
1:22:31Livongo went from like 20 bucks to 150
1:22:34in like
1:22:364 months 5 months.
1:22:38This is fuel. This is called fuel.
1:22:40Rocket fuel
1:22:42is another word for it.
1:22:44And that's pretty much what I put. Like
1:22:46I need to I I like to keep track of the
1:22:49story.
1:22:51Uh like the numbers. Like I can quickly
1:22:54if I scroll through like on Square too,
1:22:56I can just quickly see the numbers.
1:22:59Okay, that gives me a bit more
1:23:00conviction versus just some random stock
1:23:03that doesn't have any
1:23:05earnings at all. Like Twitter like
1:23:08this one really has shitty earnings and
1:23:10revenue growth, but again, I think this
1:23:12thing could go like
1:23:15as a good looking chart, very clean,
1:23:18perfect 20 surfing the 20 EMA perfectly.
1:23:21And you know, I talked about it before.
1:23:23Like this is like the most powerful
1:23:25social media platform in the world. And
1:23:27if they finally can monetize it when
1:23:30they finalize their SaaS SaaS model, you
1:23:34know, this thing could go to 100 billion
1:23:36plus.
1:23:37Like AMD, yeah, this one Yeah, this is
1:23:40the one that got away. You know, you're
1:23:42not going to catch everything. Like in a
1:23:43bull market, there's going to be
1:23:45hundreds of stocks that break out and
1:23:47make big moves. You don't need to be in
1:23:48everything.
1:23:51And also, you don't need to be like
1:23:52ultra concentrated. Like there's, you
1:23:55know, some people, you know, successful
1:23:57traders that think that, you know, you
1:23:59need to be really concentrated. You need
1:24:01to put put like 50% of your account in a
1:24:04single stock. No, you don't need to.
1:24:06Absolutely not.
1:24:08You're going to make your money in a
1:24:09bull in bull runs. And every bull run,
1:24:12there's hundreds of stocks that make big
1:24:14moves. You don't need to put 50% of your
1:24:16account in one stock. That's just
1:24:18stupid.
1:24:21You know, I would say generally say
1:24:23don't put more than 25% of your account
1:24:26in any given stock.
1:24:28Th- There's just no need to. Like let's
1:24:30say you go long Tesla. You put 50% of
1:24:33your account in this thing, okay?
1:24:35And the next day, you know, this thing
1:24:37breaks out. You put 50% of your money in
1:24:40this thing. Or even worse, you put 100%
1:24:42of your money in this thing. And then
1:24:44the next day
1:24:45overnight, Elon Musk gets a heart attack
1:24:47and dies. This thing is going to be down
1:24:4970%.
1:24:51Okay?
1:24:52It's going to be down 70%.
1:24:55Etsy
1:24:57Like Etsy is a good short setup. Like I
1:24:59think if it gaps up on earnings,
1:25:01uh it could be a like a sell the news
1:25:04scenario because it's really extended
1:25:06from the base. Like you know,
1:25:09it's up what? 1 2 3 4 5 6 days in a row.
1:25:12This is going to be a like a five star
1:25:14short setup. I just hope it gaps up on
1:25:18earnings. That would be an ideal
1:25:19scenario and I'm going to be on it.
1:25:22Um
1:25:23as long as it or even if it opens break
1:25:25even. Just like Fiverr today. No, not
1:25:28Fiverr, sorry. Uh Livongo.
1:25:30Like this one also. This one gap up a
1:25:32little bit.
1:25:34It was up way up
1:25:36It was up way more in pre-market. It
1:25:38actually hit like 160 almost 168 in
1:25:41pre-market. But anyways,
1:25:43you know, first, you know, right out of
1:25:45gate, it put in a red 1-minute candle.
1:25:48And you know, I kind of shorted it right
1:25:50there. Low 145s.
1:25:53I shorted 10,000 shares. Now, in
1:25:55hindsight, I should have done two three
1:25:56times the size, but whatever.
1:25:58A really good setup. Like a five star
1:26:01setup.
1:26:02And Fiverr looks similar also for
1:26:04tomorrow if it can close strong today.
1:26:07Like we're in a runaway bull market.
1:26:09Like extremely good momentum. Remember I
1:26:11traded opening range rise. I think they
1:26:14reported earnings or something. It
1:26:15doesn't really matter.
1:26:19Like it
1:26:20it found support on a rising 20-day.
1:26:22First First bounce of the rising 20 took
1:26:25out this range at 25 on big big volume.
1:26:28That's a good setup.
1:26:31Here's a good setup.
1:26:34Right surfing the 10-day, building
1:26:36higher lows, getting tighter and
1:26:38tighter, and then breaks out.
1:26:41Again on high volume.
1:26:45Um this is like
1:26:48uh No, it's a bit tricky. That's not
1:26:50really a great setup. But here, I'm
1:26:52going to show you. This one too.
1:26:55It first bounce of the 50-day and has a
1:26:59range break
1:27:01here. Bounces the 50-day, breaks this
1:27:03range on big volume. That's a good
1:27:05setup.
1:27:12And then you you obviously had good
1:27:14setups here, but I I talked about these
1:27:16setups uh
1:27:18previously on short school uh swing
1:27:20trading school.
1:27:22Overstock, I'm short 25,000 shares uh
1:27:25for those who follow my long Sorry,
1:27:28short setup.
1:27:30Uh but yeah, I promised not to talk
1:27:31about the short. So, I don't know how to
1:27:33do it. Like
1:27:36should I talk about it or not?
1:27:38Just not to confuse people. Like guys,
1:27:41this is simple rule. If you If you
1:27:43haven't made your first million yet,
1:27:45don't short. Ignore any anything I say
1:27:48about shorting, just ignore.
1:27:50Just ignore it.
1:27:52I'm not talking to you.
1:27:56When I mention shorting, I only talk
1:27:58about to the guys who
1:28:00have made at least a million. Okay, CWH
1:28:03this thing. Let's go back and look. It
1:28:05never really had a big It was never a
1:28:09earnings or like momentum leader, but
1:28:11it's been a momentum leader recently.
1:28:14This year since the corona crisis. Like
1:28:17this is a decent setup.
1:28:21Not a five star setup, but
1:28:24a pretty decent setup like this one
1:28:25right here.
1:28:28You can You can just see how clean Like
1:28:30you know, you need clean setups.
1:28:32Something just keeps surf It's not all
1:28:34over the place. Like it just keeps
1:28:36surfing the 10-day. And then the 20-day
1:28:39catches up. Look at this. It says higher
1:28:41lows. And then you have a range here. It
1:28:43breaks that range.
1:28:45It wasn't like a super obvious setup,
1:28:48but this was definitely a like a
1:28:49tradeable setup.
1:28:52Square, we can go back and look
1:28:55back Wait, didn't I talk about this one
1:28:57yesterday or the day before?
1:29:02I don't think I did.
1:29:03Di- No, I did. Yeah, this one I went
1:29:05through I think yesterday. So, not going
1:29:07to talk about that one.
1:29:09This one I talked about before. SCDG
1:29:13This one I truly
1:29:15can't see any Like I've be stalking this
1:29:17thing forever. Um This really Oh yeah,
1:29:21back here. I No, never mind. Yeah, here
1:29:23I traded it couple of times. Back
1:29:26in 2017.
1:29:29Like this was a good setup.
1:29:31This was an earnings winner.
1:29:33Like look at it's in a big big uptrend.
1:29:36It keeps surfing the 20 day. Then it
1:29:38kind of starts breaks down a little bit
1:29:40and find support on the 50 day.
1:29:43Bounces off the 50 day twice. Builds
1:29:45higher lows and then it has this tight
1:29:47range. This is a very good setup. I know
1:29:49I traded it.
1:30:00Roku. This one I traded back in 2019, I
1:30:04remember. I'm going to show you guys.
1:30:07This one I actually traded on stream.
1:30:10No, wait. Which one did I Okay, no,
1:30:12never mind. This is a very good setup.
1:30:15Okay?
1:30:16Big uptrend and if, you know, bounces
1:30:19clean bounce of the 50 day. You can see
1:30:21it builds higher lows and then breaks
1:30:23this range.
1:30:25Five star setup. Beautiful. Beautiful
1:30:28setup. I I traded this one. And then
1:30:31there was another one I traded on the
1:30:33stream, but I didn't follow my own sell
1:30:35rules. This one here. Not as obvious. I
1:30:38think it bounced off the 100 day or
1:30:40something. You know what? Ignore this
1:30:41one. You don't need to pay attention to
1:30:43this. Just pay attention to the ones
1:30:45that bounce off the 10 or like surf the
1:30:4810, 20 and 50 day. You don't need to pay
1:30:51like Yeah, ignore that one. Never mind.
1:30:53Forget I said that.
1:30:55Carvana,
1:30:57talked about the previous few days.
1:31:01ENPH. ENPH, I don't think I talked
1:31:04about.
1:31:05Let's see. Good setups. Like this is a
1:31:08good setup. Really good setup.
1:31:12Just keeps surfing the 10 and 20 day and
1:31:15then it breaks this range on big volume.
1:31:18Like this is how it looked at the day
1:31:20before. It's not a super obvious one,
1:31:22but it's there. It's not like a five
1:31:24star, but little like three and half
1:31:26four star.
1:31:28Like some setups are really really
1:31:30obvious. Like Tesla, like this one, you
1:31:33know, it's going to be juicy once it
1:31:35breaks.
1:31:36Like it's just so tight long
1:31:38consolidation, but some some
1:31:40consolidations are not that long. AMD,
1:31:43this one had many many setups over the
1:31:45years. Oh man, if I just could if I like
1:31:49I was a really shitty swing trader back
1:31:51in 2017 2016. I was not very good at
1:31:55identifying these setups, but this is a
1:31:57five star setup. This is a five star
1:31:59setup, but it it would have stopped you
1:32:01out because on this day here it took out
1:32:03the lows of this day. Right? So you
1:32:05would have gotten stopped out, but this
1:32:07the setup here was five star.
1:32:09Like I can't go back more than this. We
1:32:12can do like this. Like, you know, take
1:32:14you know, you need to take screenshots
1:32:16of these things. You need to go back and
1:32:17study these things for yourselves. This
1:32:19was also really good setup.
1:32:21Not a five star because the previous
1:32:24day's candle was kind of loose, but it
1:32:26had this big range break and it had been
1:32:28building higher lows.
1:32:33This thing had AMD has had so many good
1:32:36setups over the years. Some I missed,
1:32:38some I traded. This is also a really
1:32:40good setup.
1:32:42Surfs the 10 day.
1:32:45Undercuts it. Builds higher lows for
1:32:47three days, two days
1:32:49and then breaks out.
1:32:51Really good setup. Beautiful setup.
1:32:54This was a good setup. You get a bounce
1:32:57off the 50 day.
1:33:00It kind of breaks down.
1:33:02Pulls back. Finds support on the 50 day.
1:33:04Builds higher lows. Guys, you see this?
1:33:07Many times these things build higher
1:33:09lows.
1:33:10Here it built higher lows. Here.
1:33:12Here. Here. Like before their breakouts,
1:33:15they most of the time build higher lows.
1:33:19Very important concept. Okay?
1:33:24It did kind of have a pretty decent
1:33:26setup here.
1:33:28Right here.
1:33:30Built higher lows. Surfed off the 20
1:33:32day. But this one didn't have any follow
1:33:34through. Like, you know, just because
1:33:36it's a good setup doesn't mean it's
1:33:37going to work.
1:33:39And here
1:33:41um
1:33:43You know what? I would have probably
1:33:44traded this setup. I don't remember if I
1:33:46traded it, but again, this one would
1:33:47have stopped you out, too.
1:33:49And look, with this method you can have
1:33:51a 30% win rate and you can you can
1:33:53double, triple, quadruple your money in
1:33:55a year if the market is good. You don't
1:33:58need a 80% win rate or even a 50% win
1:34:01rate.
1:34:02Get used to losing. Get used to stop
1:34:05getting stopped out.
1:34:08The best traders are the ones that can
1:34:10take the best losses.
1:34:13Okay, this is one I did trade.
1:34:18Like, you know,
1:34:19look at this thing. It surfed bounced
1:34:21off the 20 day. Started building higher
1:34:23lows.
1:34:25Then it got tight.
1:34:27This one I did trade.
1:34:33Oh, no, never mind. I didn't trade that
1:34:34one. I traded this one and this is one
1:34:36of my Oh, what happened on this day? I
1:34:39like Like this is a five star setup.
1:34:42It's a really good setup. You have this
1:34:44range with higher lows. Oh, wait. What
1:34:47happened now?
1:34:48Like I bought that this one reported
1:34:50earnings this day. I bought an enormous
1:34:52size. I had like 50% of my account in
1:34:54this thing when it took out the opening
1:34:56range lows, but it stopped me out. It
1:34:59reversed after I bought it. It shook me
1:35:01out. I took a decent loss on it and then
1:35:04it reversed again. Took out the highs of
1:35:06the day. Remember, I had 50% of my
1:35:09account on this in this thing. Like with
1:35:11a perfect entry, but it shook me out and
1:35:13look at what it did. This is no joke. I
1:35:15never got back in. I didn't get back in.
1:35:18Look at what it did.
1:35:19Guys, feel the pain. I hope you're
1:35:21feeling the pain together with me
1:35:23because when I see this, I'm feeling the
1:35:25pain. Okay? If I had taken this trade,
1:35:32you know, well, what can I say? What can
1:35:35I say?
1:35:36It it only went up
1:35:3896% 95% over the next couple of months.
1:35:43Guys, the stop is always the lows of the
1:35:46entry day.
1:35:52And after three to five days,
1:35:54you sell a third to half of your
1:35:56position and move the stop to break even
1:35:59and then you use the trailing 10 day.
1:36:02The first close below the 10 day moving
1:36:04average is when you get out. And this
1:36:06thing, if you if you use that, you would
1:36:09have sold a third to half on either one
1:36:12of these three days. Either here No,
1:36:15sorry. One of these three days. You
1:36:17would have sold a third to half just to
1:36:19lock in some profits. Move your stop to
1:36:21break even and you would have sold the
1:36:23other two thirds to half until this day
1:36:27here. Okay? This is where you would have
1:36:30gotten out. These moving averages work.
1:36:33The 10 day is an incredibly
1:36:36good moving average for for the biggest
1:36:38momentum stock. It just works so well.
1:36:41It's not perfect, but it works really
1:36:43well. It's almost like cheating. This
1:36:45thing I traded on the stream. This is a
1:36:48This is like
1:36:50This is a six star setup on a five star
1:36:53scale. You know, you got to [ __ ]
1:36:55memorize this.
1:36:57This is a six star setup on a five star
1:37:00scale. You don't get these many many of
1:37:02these.
1:37:04Look at how tight it is. Bounces
1:37:05perfectly off the 20 day. Gets really
1:37:08tight. This one I traded on the stream.
1:37:10Unfortunately, I wasn't really good at
1:37:13following my exit rules.
1:37:15And look at the move it made.
1:37:18Oh, no, I did follow my exit rules
1:37:20really well. I think I sold it I think I
1:37:22sold it somewhere here on the first
1:37:24Yeah, I did follow my exit rules. I
1:37:26think I sold it on this day when it
1:37:27closed below the 10 day. The first close
1:37:30below the 10 day.
1:37:35And now you probably understand why I'm
1:37:37so excited for Tesla. Like I'm literally
1:37:40dreaming about Tesla. It's going to be
1:37:42an enormous trade. It looks exactly like
1:37:45it.
1:37:47But it could also be a big breakdown,
1:37:49right? And then in that case I'm going
1:37:50to short it. But you know, this thing
1:37:52breaks out, it's going to go to 2000.
1:37:54I've got to make a buy a big big
1:37:56position.
1:37:59You got to memorize these things.
1:38:02And for example, like
1:38:04Is this a good setup, right? It's not
1:38:06because it's not surfing any of the
1:38:08moving averages, right? It is no clean
1:38:10trend. It's been going sideways for
1:38:12months and months.
1:38:14Okay?
1:38:15Is this a good setup?
1:38:17Well, this one actually was a good
1:38:19setup. You know what? This was a good
1:38:20setup. It undercut and bounced off the
1:38:2220 day. Built higher lows. Took out this
1:38:25tight range. This was a good setup, but
1:38:27it didn't follow through. It would have
1:38:29stopped you out.
1:38:30Was this a good setup?
1:38:33Like I actually traded this one
1:38:35because I I anticipated this big You
1:38:37know, it's
1:38:38You know, it's not really like what I'm
1:38:40trying to teach you.
1:38:42Like
1:38:44you want to be in the stocks that have
1:38:46the higher You know, that the 10 and 20
1:38:49day and 50 day moving averages are in a
1:38:51high angle. Like they go like straight
1:38:54up. Like they go up in a like 45 degree
1:38:57angle. Those are the kind of stocks you
1:38:59want to be in.
1:39:01Like where like where the 10 and 20 day
1:39:03moving averages are in this type of
1:39:05angle, right?
1:39:07You can just, you know, or or maybe even
1:39:10more like in you know
1:39:12something like this.
1:39:15I don't know. Is this 45°?
1:39:17Okay guys, can you confirm? Is this like
1:39:1945° or am I missing out?
1:39:22This is like 90°.
1:39:25Wait. Ah.
1:39:28The [ __ ] Why can't I do a line? What?
1:39:32Why can't I do a line? What the hell is
1:39:34going on? I can't draw a line. What the
1:39:36hell?
1:39:40Wait. Wait. Wait. Wait. Wait.
1:39:43So you have a straight line.
1:39:48Is this a straight line? Almost.
1:39:51So this is like a 45°, right?
1:39:5543.25
1:39:5750 Stop trolling me. God damn it. This
1:40:00is 45° plus minus a few degrees. You
1:40:03want
1:40:05you know, stocks that go up in 45°
1:40:08angles.
1:40:1045° or even more. You know what?
1:40:15Damn, I wish I like I could have a
1:40:17permanent 45° line on all of my shorts.
1:40:22Uh
1:40:25Uh Shopify, I think I talked about it.
1:40:28This thing had some decent setups over
1:40:30the years. Uh actually it's kind of
1:40:34No, it's a bit tricky. It only like it
1:40:37had some good setups past few months,
1:40:39but it's been kind of tricky this year.
1:40:40Like apps about it. Okay, let's do
1:40:42another 45° angle. This is like 45°,
1:40:46right?
1:40:47Again, this is uh
1:40:49like this one actually went up higher
1:40:51than 45°.
1:40:54But it needs to be at least like 45°,
1:40:56right?
1:40:58This is a five-star setup. Memorize
1:41:00this.
1:41:01Okay? Take a screenshot. I mean you know
1:41:04you need to learn this, okay?
1:41:08You need to be on these things.
1:41:10W
1:41:13Let's do another 45° angle. This is 45°.
1:41:16I'm a natural. This is 45°.
1:41:19Like it wasn't that so obvious.
1:41:22But if this thing you know, the market
1:41:24had a multi-day pullback. And when I say
1:41:26say the market, I mean the Nasdaq. This
1:41:28thing just undercut the rising 20 and
1:41:31just couldn't go lower. It was back at
1:41:33all-time highs immediately. This one I
1:41:35bought. I'm still in it.
1:41:38I still have 40 800 shares. I think I
1:41:41bought
1:41:439,000 shares or something. 8,000. I
1:41:45don't remember.
1:41:46Right? That's a really good setup. And
1:41:48if you didn't buy it here, this is
1:41:49acceptable setup, too.
1:41:52And look at it now.
1:41:55Tesla
1:41:57Let's do another 45° angle.
1:42:02Uh where is it here? Like this one is
1:42:04moving up way faster in 45°.
1:42:08Way faster. So that's a good thing. You
1:42:10need to see You need You want at least
1:42:1245°.
1:42:14But faster the faster the better.
1:42:17Uh Docu, this one I really don't see any
1:42:20good setups. Maybe
1:42:23like this. No. Oh, this was maybe a kind
1:42:26of decent setup. This is just right
1:42:28after the March lows.
1:42:30This thing was back at all-time highs
1:42:32really quickly. So this would have been
1:42:34an acceptable setup in the context of
1:42:36the overall market. This is like
1:42:38literally a couple of weeks after the
1:42:40March lows and this it was just
1:42:43you know, it barely It didn't really go
1:42:44down much during the Corona. Or it did
1:42:47go down 30%, but it was just reclaimed
1:42:49the 50 day like in in just a couple of
1:42:52days.
1:42:53Uh so it was a decent setup in the
1:42:55context of the market. But you know,
1:42:57let's just ignore it. It may be too much
1:42:59information for you most of you.
1:43:01Uh SRNE, well this one I talked about
1:43:04yesterday I think or the day before. Had
1:43:06good two really good setups here
1:43:09and here.
1:43:10I traded both of them.
1:43:12Uh Kodak
1:43:14uh Kodak looks like it's going to step
1:43:16me out.
1:43:18Uh but Kodak, too. It's kind of bouncing
1:43:20off the 10 day
1:43:22uh and building higher lows. You can
1:43:23just clearly see in the daily chart.
1:43:25It's building higher lows. Every every
1:43:26single day it's been building higher
1:43:28lows.
1:43:29Uh but it's not really the type of setup
1:43:31I'm trying to teach you.
1:43:33This is more of
1:43:35you know, different variation. Like
1:43:37there are variations of these uh
1:43:40of these setups.
1:43:42Um I N O, this one I've been trading
1:43:45several times.
1:43:47Good setups.
1:43:49This was a good setup.
1:43:51Didn't have any follow-through.
1:43:54Um this was another good setup. I think
1:43:58I traded it if I remember correctly.
1:43:59This is like a five-star setup.
1:44:02Served the 20 day, built higher lows.
1:44:05Again, the higher lows. You buy the
1:44:07opening range highs. Or you know, you
1:44:10try You kind of You want to buy them as
1:44:11fast as possible.
1:44:13Like after they trigger once they start
1:44:15taking out the ranges. But sometimes you
1:44:18kind of unsure.
1:44:20So you know, it's it's You can You can
1:44:22buy them any type of any time of the day
1:44:24as long as they are not up. As long
1:44:27as the stop is not further and away than
1:44:31the average true range, okay? So let's
1:44:33say you you this is real time. You see
1:44:36it right now. Like the lows of the day
1:44:38is what? 11:05 and the stock is at
1:44:4112:05, right? So you would have to use a
1:44:43dollar stop.
1:44:45And the average true range back then
1:44:47since the you know, share price was
1:44:49lower
1:44:50it was you know, let's just say it was a
1:44:52buck 50.
1:44:55Right? So that would have been fine. But
1:44:56if the stock would have been at 12:70,
1:44:59you your stop would have to be
1:45:01uh a buck 70 and then it wouldn't have
1:45:04been fine. Then you would have to you
1:45:06know, either buy a dip if it dipped a
1:45:08little bit or if it uh you know, just
1:45:10let it go. It's fine to let stocks go.
1:45:13There's so many opportunities. You You
1:45:15can't trade them all. This was a little
1:45:16bit more of a subtle setup. But it
1:45:19bounced off the 50 day, took out this
1:45:21little range, and had this strong
1:45:22candle.
1:45:27Uh Mailly, this one is has always been a
1:45:30bit choppy, kind of hard to trade, not
1:45:33really a clean.
1:45:35This is one I've followed for years. I
1:45:37traded a couple of time, but almost
1:45:38never puts in good setups. This is a
1:45:41good setup, though. Right here.
1:45:43Right here on this day. That's a good
1:45:44setup.
1:45:46Uh
1:45:47And I I think I traded it. I don't
1:45:50remember.
1:45:51Uh this is a good setup. It's got a
1:45:53little bit slower stock. You can clearly
1:45:55see it on the short.
1:45:57Like the daily candles are like
1:46:00kind of you know, it's just a slower
1:46:01type.
1:46:02Uh but this was a good setup.
1:46:09Um
1:46:15TTD we've been talking about 10. You
1:46:18know, this one doesn't have any.
1:46:21Plug uh had a good setup. Can we go back
1:46:25to 2014? No, we can't. We can't go back
1:46:28to 2013.
1:46:30Um that's why I I I find TC2000 a bit
1:46:34annoying. They They should like
1:46:37get their [ __ ] together. You should be
1:46:38able to go get go back in however long
1:46:41you want. It's just stupid. You can't
1:46:43You can only go back like 5 years. It's
1:46:44kind of like
1:46:46it's just stupid. This was a good setup.
1:46:48It did gap up, but then you know, when
1:46:51you have a like a powerful short
1:46:54you know, a gap up is okay.
1:46:58Uh as long as you get it on the opening
1:47:00range highs. Let's say you opening range
1:47:02highs, the 1 minute or 5 minute or
1:47:04whatever. You can add on all of them.
1:47:06Like if you miss the 1 minute opening
1:47:08range highs, maybe you can add on a 5
1:47:10minute. But lows of the day should be
1:47:12your Lows of the day should be your
1:47:13stop. And the stop shouldn't be higher
1:47:16than the average true range.
1:47:18But this was a pretty decent setup right
1:47:20here.
1:47:24And you know, kind of this thing kind of
1:47:26had a setup a couple of days ago. It
1:47:28kind of
1:47:29bounced off the 50 day, put in a strong
1:47:31candle, and then it you know, started
1:47:33going the next day. You know, it's a
1:47:35trickier setup, but it's a variation. I
1:47:37passed on it. I did see it, but I I just
1:47:40passed on it.
1:47:41And N wax we've talked about
1:47:44several times. Really perfect breakout
1:47:47right here.
1:47:49Five It is a six-star setup on a
1:47:52five-star scale.
1:47:54All right. Anyhow, so we went through
1:47:57even more setups
1:48:00uh today.
1:48:02And tomorrow I'm going to do one another
1:48:04scan and you know, we'll
1:48:07go through even more setups.
1:48:09But the key is you know,
1:48:11you need to put in your own work. Like
1:48:12you need to put in every day you need to
1:48:15put in work. Identify
1:48:18you know, you need to go and then you
1:48:19know, scan for big winners.
1:48:24And then you just look for setups, okay?
1:48:26You see the same patterns
1:48:28they occur over and over again.
1:48:32BILI
1:48:33This thing had a five-star or yeah,
1:48:35five-star setup here when I bought it.
1:48:38Five-star setup.
1:48:40Bounced off the 50 day, built higher
1:48:42lows, took out this range. Boom. It
1:48:44five-star setup right there.
1:48:47Hence why I bought it.
1:48:53How do I manage stops? Lows of the day
1:48:55for this method I'm trying to teach you.
1:49:01You move your stop to break even after
1:49:04the first three to five days.
1:49:11What about KSU?
1:49:14It needs to be clean on the 10 and 20
1:49:16and 50.
1:49:17I mean it was kind of but it's it's not
1:49:20really there. It's just not like it
1:49:22wouldn't get on your scans probably like
1:49:24down here when it broke out on the like
1:49:26these days and this day it wouldn't have
1:49:28gotten on your scans. It's not a
1:49:30momentum leader.
1:49:37You know it's going to pull back
1:49:38eventually. This thing is up 3200%
1:49:42from the March lows.
1:49:43Like there's going to be a put big
1:49:45pullback.
1:49:47Right now I just don't see it. Just
1:49:49keeps building higher lows on the 60
1:49:51minute chart. Look at how it's riding
1:49:52the 10 and 20 EMAs.
1:49:55You know as long as these things are
1:49:57acting as support there is no short
1:50:00there.
1:50:01Like it either needs to get below the 10
1:50:0310 and 20 EMAs and you know these things
1:50:05need to start act as
1:50:07resistance.
1:50:11Or if it goes like really parabolic it
1:50:13goes to like 110 120 plus.
1:50:19Unless any of those scenarios happen I
1:50:21don't see um
1:50:23a short in there. Silver trade is
1:50:25getting um
1:50:27I need to I need to get some expert. I
1:50:29missed the AGQ trade.
1:50:32It's getting really tight. Like China is
1:50:35another ETF. Look look at this thing.
1:50:37You know
1:50:38pretty much the same setup I'm showing
1:50:40you.
1:50:41This is a triple gold miner ETF
1:50:44but this is the same principle. You have
1:50:45a big move it gets goes sideways find
1:50:48support.
1:50:50Um
1:50:51I I'm not going to buy it. I I just uh I
1:50:53just don't have much buying power left.
1:50:57I'm just super heavily long on a bunch
1:50:59of stuff.
1:51:01Oh DPHC took out highs of the day. I
1:51:03need to sell a little bit more.
1:51:07Look at that. A lot of these stocks
1:51:09absorbed the morning weakness made hot
1:51:11big built higher lows on the 60 minute
1:51:13chart.
1:51:15And oh Tesla I'm not long anymore.
1:51:18Like for those of you are new like this
1:51:20list here in the lower right corner
1:51:23these are my positions.
1:51:25So if you don't see the stock in this
1:51:27list I'm not in it and you don't need to
1:51:28ask me about it if I'm in it.
1:51:33Like TTD too. Look at this. Found
1:51:35support on the rising Oh actually that
1:51:38was yesterday the late day. No it was
1:51:40today. Wait wait wait where is it? Yeah
1:51:42today.
1:51:43Had a
1:51:44weak open like went red
1:51:47bounced on the rising 10 day and
1:51:48reclaimed and now it's at new highs.
1:51:52Like a lot of them. Mara too. Look at
1:51:54this thing. This was down in the two low
1:51:56290s
1:51:58when I said it looked like it found
1:51:59support on the rising 20 EMA and look at
1:52:02it now it's about to go green.
1:52:05You know when you're swing trade you you
1:52:07can't just freak out anytime a stock is
1:52:09having a down tick.
1:52:11The whole point of swing trading is
1:52:13giving the stocks room to move.
1:52:15Okay?
1:52:17You know in day trading you're always
1:52:19like near your entry right? You're
1:52:20always fighting near your entry. Swing
1:52:22trading you just got to let things you
1:52:25know work out.
1:52:27And sometimes you going to get big
1:52:29swings
1:52:31uh
1:52:32you know without the stock stopping you
1:52:34out. And it sucks. It it looks scary.
1:52:37Like you look at your P&L. Oh there goes
1:52:39my P&L.
1:52:42But it's all about having a specific
1:52:43process. Okay I got stopped out of the
1:52:45Kodak ad. Whatever.
1:52:47Took a like what
1:52:5050 cent loss on it or so.
1:52:53Yeah I took a $14,000 loss on that ad.
1:52:57Uh
1:52:58I guess it was a little bit of boredom
1:53:00trading.
1:53:02A lot of these silver and gold stocks
1:53:04look really good.
1:53:06Um
1:53:10Like this PAAS looks pretty decent. I
1:53:12wouldn't like if you like there is I
1:53:14think there will be a trade in uh silver
1:53:16and gold. Like I think there's a trade
1:53:18there today but I would I would
1:53:20recommend you guys do one of the ETFs
1:53:23like AGQ.
1:53:25Like AGQ the entry is uh don't do this
1:53:28one. The entry it's gone. Like the entry
1:53:30was in the low like $51 area.
1:53:34No higher than 5150. Now it's like
1:53:36almost 54. But this China again nugget
1:53:39they still like
1:53:42I don't know. No never mind. They don't
1:53:44look that good. Yeah or I don't know. I
1:53:47don't do it. Don't do it.
1:53:49My point is it's better to do one of
1:53:51these triple ETFs versus the individual
1:53:53stocks.
1:53:57But a lot of them look pretty decent.
1:54:03Like GFI had a big big linear move. Look
1:54:05at how nicely just surfing the 10 day
1:54:08moving average and now it found support
1:54:10here.
1:54:11Like if little bit more sideways let the
1:54:1420 day catch up and
1:54:16you know the secondary breakout is going
1:54:17to be great.

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