# The Trading Setups of the Record Breaking Trading Champion

https://www.youtube.com/watch?v=10pHBNVi4Jc
Translation: zh-CN

[00:00] As soon as it triggers my buy point and goes into my direction in my mind, my buy price is a stop loss.
  一旦它触发我的买入点并朝我预期的方向移动，我的买入价就是止损点。

[00:06] This proved that okay, there is a light at the end of the tunnel, right?
  这证明了，好吧，隧道尽头有光，对吧？

[00:08] So there is, there is um, future for my trading career.
  所以，嗯，我的交易生涯还是有未来的。

[00:11] I did this performance only in the last six months of the year.
  我只在今年的最后六个月取得了这样的表现。

[00:13] I want to do a proper trade management rather than um selling based on my emotions.
  我想进行适当的交易管理，而不是嗯，凭情绪卖出。

[00:17] It should have a strong demand and it should go sideways to at the top of the bars at the price, right?
  它应该有强劲的需求，并且应该横盘整理到价格柱的顶部，对吧？

[00:24] And then the volume should subside in that bars and it reclaims size.
  然后成交量应该在该柱中消退，并且它重新获得规模。

[00:29] The change that I could see within myself is when I was losing, I was losing small.
  我在自己身上看到的变化是，当我亏损时，我亏损得很少。

[00:33] I was a not profitable trader, and at the end of 2023, I'm the top performer.
  我曾经是一个不盈利的交易者，但在2023年底，我成为了顶尖表现者。

[00:41] [Music]
  [音乐]

[00:45] Hey everyone, welcome back to the Tra L podcast brought to you by the Ultimate Training Guide.
  大家好，欢迎回到由《终极交易指南》为您带来的Tra L播客。

[00:49] You can pick up your copy down below.
  你可以在下方获取你的副本。

[00:50] I'm your host Richard Moglin.
  我是主持人Richard Moglin。

[00:52] Joining us today is a very, very special guest, we have Gon Gajala, a top performer in the US Investing Championship of 2023.
  今天加入我们的一位非常非常特别的嘉宾，我们有Gon Gajala，2023年美国投资锦标赛的顶尖表现者。

[00:59] Not sure if...
  不确定是否……

[01:02] He's not the champion just yet, but he's had an incredible, incredible performance of 85% — a breathtaking number for just one year.
  他目前还不是冠军，但他取得了85%的惊人成绩——仅用一年就达到了令人叹为观止的数字。

[01:04] Um, it's really special to have you here, especially considering you're one of the very few day traders that I've gotten a chance to interview.
  嗯，能邀请到你真的很特别，尤其是考虑到你是我有机会采访的极少数日内交易者之一。

[01:18] I'm really excited to dive into your process, your strategy, your setups, and I know you prepared a little presentation for us talking through some trades.
  我真的很兴奋能深入了解你的流程、策略和设置，而且我知道你为我们准备了一个小演示，讲解一些交易。

[01:28] So yeah, thank you so much for your time, and I'm really looking forward to this.
  所以，非常感谢你抽出时间，我真的很期待这次交流。

[01:32] Thank you, thanks a lot, Richard.
  谢谢你，非常感谢，理查德。

[01:36] Um, actually, this is my first ever interview in trading, so I'm super excited and at the same time nervous, but hopefully it all goes good.
  嗯，实际上，这是我第一次接受关于交易的采访，所以我既超级兴奋又紧张，但希望一切顺利。

[01:44] No, I think it will. I think it will, yeah.
  不，我觉得会的。我觉得会的，是的。

[01:49] And I always like to start with people's background, so I'm sure a lot of people are curious: how did you get into the markets, when did you first get interested in it, and I know you're also a software engineer, so I'd love to hear how that kind of interplays with everything.
  而且我总喜欢从人们的背景开始聊起，所以我确信很多人好奇：你是如何进入市场的，你最初是什么时候对它感兴趣的，而且我知道你也是一名软件工程师，所以我很想听听这如何与一切相互影响。

[02:01] Yeah, so before that, uh...
  是的，在那之前，呃……

[02:04] Would like to say thanks to Trader land channel, uh, you and your team, Reay, everyone, uh, because I have seen almost all the videos, uh, I learned a lot from them.
  想感谢Trader land频道，呃，你和你的团队，Reay，大家，呃，因为我几乎看了所有视频，呃，我从中学到了很多。

[02:18] The conferences, yearly conferences, they are a huge plus, uh, in learning, so first of all, thanks for that.
  会议，年度会议，它们在学习中是一个巨大的加分项，呃，所以首先，感谢这些。

[02:24] And coming to my background, um, so I, I, uh, born in India, came to USA on student research, did Masters here, um, and then started as a software, uh, started my career in software development, then family and all, so, so I'm kind of a guy who, um, is who wants to do more than 9 to 5 job.
  说到我的背景，嗯，所以我，我，呃，出生在印度，以学生研究身份来到美国，在这里读了硕士，嗯，然后开始做软件，呃，开始了我在软件开发方面的职业生涯，然后家庭等等，所以，所以我是一个，嗯，想要做超出朝九晚五工作的人。

[02:46] I have that kind of mindset since the beginning, mh, and, u, since childhood I was passionate about films, film making, and all, so I, uh, so I drifted towards film making, and then I made a few short films, and then made a full length feature film, and then I released it in 2017.
  我从一开始就有那种心态，嗯，而且，呃，从小我就对电影、电影制作等充满热情，所以我，呃，所以我转向了电影制作，然后我拍了几部短片，然后制作了一部长片，然后在2017年发布了它。

[03:05] An Indian film and it didn't do well.
  一部印度电影，表现不佳。

[03:07] It bombed at the box office.
  它在票房上惨败。

[03:11] So all my dreams were shattered.
  所以我所有的梦想都破灭了。

[03:13] Then I was laying low in 2018 and all.
  然后我在2018年低调行事之类的。

[03:16] Then one good friend of mine called me.
  然后我的一个好朋友打电话给我。

[03:19] Then he introduced me to trading.
  然后他向我介绍了交易。

[03:22] He explained that he was explaining the trading and the strategy.
  他解释说他在讲解交易和策略。

[03:27] I didn't know anything about trading.
  我对交易一无所知。

[03:30] But by that time, in my mind, trading was gambling.
  但那时，在我的脑海里，交易就是赌博。

[03:33] Few people make it; it's all luck based and all those things.
  很少有人成功；这完全靠运气之类的。

[03:40] So he explained to me clearly that it's not luck based purely.
  所以他清楚地向我解释，这纯粹不是靠运气。

[03:42] There are strategies.
  有策略。

[03:45] He was into canceling; he was doing the canceling strategy.
  他热衷于取消策略；他正在做取消策略。

[03:53] He did a video webinar over the weekend.
  他在周末做了一个视频网络研讨会。

[03:55] He explained to me all the things that he was doing.
  他向我解释了他正在做的所有事情。

[04:00] I got a little interested in that.
  我对那件事有点兴趣了。

[04:05] So the plan was me, him, and a couple of other friends.
  所以计划是我、他和其他几个朋友。

[04:07] To gather as a group and do some research on the companies and wants to do some topics.
  作为一个团体聚集起来，对公司进行一些研究，并想讨论一些话题。

[04:13] And then based on that we will have our portfolio build up.
  然后基于此，我们将建立我们的投资组合。

[04:16] And uh we were looking at IBD um the cancelling strategy and all those things right.
  嗯，我们当时在研究IBD，嗯，取消策略以及所有那些东西，对吧。

[04:21] So I got introduced this was uh towards end of 2019 beginning of 2020.
  所以我被介绍认识了，这大约是2019年底、2020年初。

[04:28] Um I got IBD subscription I got subscribed to the swing Trader report that that is the product that they have.
  嗯，我订阅了IBD，我订阅了摇摆交易者报告，那是他们拥有的产品。

[04:34] Uh and uh I invested in their their uh alerts the picks like for example I think I Adobe was one pick Ed edu was there.
  呃，我投资了他们的呃警报和精选，比如我认为Adobe是一个精选，Ed edu也在其中。

[04:43] So I just wanted to test do a test trial of the strategies and I back in my mind I just want to see like is this really a strategy there or it's all gambling.
  所以我只是想测试一下这些策略，做一个试验，在我内心深处，我只是想看看这到底是一个真正的策略，还是全都是赌博。

[04:53] So I put my 401K money into that and then they worked out actually I made like 25% in a week or something like that.
  所以我把我的401K资金投了进去，然后它们确实奏效了，实际上我一周内赚了大约25%之类的。

[05:03] So I thought okay this is cool so um maybe this works and then Co hit.
  所以我想，好吧，这很酷，嗯，也许这有效，然后新冠疫情来了。

[05:10] Um, all the software I everything got remote.
  嗯，我所有的软件都变成了远程的。

[05:12] I mean, I was at home all the time.
  我的意思是我一直在家。

[05:16] And I had time, uh, now I wanted to actually, um, instead of um following the alerts, I wanted to learn myself the strategies and all right.
  而且我有时间，呃，现在我想实际上，嗯，而不是嗯跟着警报，我想自己学习策略，好吧。

[05:26] So I was looking around on Twitter and, uh, I wanted to learn from the best, and that's how I found Mark Minini.
  所以我在推特上四处看看，呃，我想向最优秀的人学习，就这样我找到了马克·米尼尼。

[05:31] Um, so I followed Mark, Mark in on Twitter for a while and, um, got inspired by his tweets and all his past, uh, achievements.
  嗯，所以我在推特上关注了马克一段时间，嗯，被他的推文和他过去所有的呃成就所启发。

[05:41] U, so I thought, okay, why not, and then, um, I enrolled into Mark Min private access in August 2020.
  呃，所以我想，好吧，为什么不呢，然后，嗯，我在2020年8月注册了马克·米尼尼的私人访问。

[05:48] So I, u, that was the life changing, changing life changing moment for me.
  所以我，呃，那对我来说是改变人生的时刻。

[05:53] I mean, the career changing, uh, path for me, because, uh, if I see, if I don't have MP in my career, I think my, um, learning curve everything would have been different.
  我的意思是，改变职业的呃道路，因为，呃，如果我看，如果我的职业生涯中没有MP，我想我的嗯学习曲线一切都会不同。

[06:04] It would have been a long duration, maybe, maybe I would have gone in a different way, but.
  那会是一个很长的过程，也许，也许我会走一条不同的路，但是。

[06:11] But I learned a lot from MP, um, the Q&A sessions, um, just listening to Mark uh speak every week.
  但我从MP的问答环节中学到了很多，嗯，只是每周听马克讲话。

[06:18] All right, I used to, just as he says, just I used to just shut up and listen, right, just take notes, just I would do that.
  好吧，就像他说的，我过去常常只是闭嘴倾听，对吧，只是做笔记，我就是那样做的。

[06:29] And uh, the trading videos that they have on the platform, I used to go through them over and over and again, like how to manage the position size, risk management.
  还有，嗯，他们在平台上的交易视频，我过去常常一遍又一遍地看，比如如何管理头寸规模、风险管理。

[06:38] They have so many videos, so I used to go all of that, um, but still, uh, uh, but strategy-wise, I was taking some uh buy alerts and then taking uh doing some trades, but uh I was not uh getting the friction there, so as a beginner, right.
  他们有很多视频，所以我过去常常全部看完，嗯，但尽管如此，嗯，嗯，但在策略方面，我接收了一些嗯买入提醒，然后嗯进行了一些交易，但嗯我没有嗯遇到阻力，所以作为初学者，对吧。

[06:58] So and um, I uh even uh I was more inclined towards my my ideas than whatever was shown in the platform, right.
  所以嗯，我嗯甚至嗯我更倾向于我自己的想法，而不是平台上展示的任何东西，对吧。

[07:04] So I was, I, I was doing my own research in the behind the scenes and I wanted to see like okay.
  所以我当时，我，我在幕后做自己的研究，我想看看，好吧。

[07:11] This my idea is correct and all so I want I'm doing my own thing and I was not being profitable and everybody on Twitter like they are claiming 2022 is the like like everybody skyrocketing portfolios I was getting for more so all signs of beginner problems was there uh um and at this point were you swing trading position trading or yeah okay all swing trading so 2021 mid to 2020 uh 2020 mid to 2021 mid uh I was swing trading I was with MPA and I was doing the swing trading and uh uh I was profitable uh was doing like um 10 20% 30% uh in in some trades and then um and then in another trades I was giving back everything and then some trades they were 20% uh or 15% and then uh if I wait more I would see everything come back to zero so I had that uh so I didn't get a full feel of uh of the strategy I mean while I was doing The
  这个我的想法是正确的，所以我想要做我自己的事情，而我并没有盈利，推特上的每个人都在声称2022年就像每个人都在飙升的投资组合，我得到的更多，所以所有新手问题的迹象都在那里，嗯，呃，在这一点上，你是做波段交易、头寸交易还是是的，好的，全是波段交易，所以2021年中到2020年，呃，2020年中到2021年中，呃，我在做波段交易，我和MPA在一起，我在做波段交易，呃，呃，我盈利了，呃，做了像10%、20%、30%的收益，呃，在一些交易中，然后，呃，然后在另一些交易中，我把所有收益都还回去了，然后一些交易是20%或15%的收益，然后，呃，如果我等待更久，我会看到一切回到零，所以我有了那个，呃，所以我没有完全感受到那个策略，我的意思是当我做那个的时候

[08:12] Swinging so and um I was following all all others on Twitter like whoever is um genuinely sharing their um uh ideas and uh wanted to help others other Traders right I was following all of them and uh uh I get to see um this um day trading um St uh St charts and how people are doing um like 1X 2x kind of returns in in a day so I was just pulling up the chart those charts and seeing like Okay so this strategy day trading has potential in it and uh looks like this is a shorter period right and and I have full control over it and um so those kind of things I just wanted to give it a try um because in when the duration is more right like swing trading right I felt that I didn't had control all of a sudden there will be some news uh and then whatever the um Plus or the profits
  摇摆交易，嗯，我关注了推特上所有其他人，比如那些真正分享想法并想帮助其他交易者的人，对吧，我关注了他们所有人，然后我看到这个日内交易的图表，以及人们如何在一天内获得1倍、2倍的回报，所以我只是调出那些图表，看到这个日内交易策略有潜力，看起来这是一个更短的周期，对吧，而且我完全控制它，所以我想尝试一下，因为当周期更长时，比如摇摆交易，我觉得我失去了控制，突然会有一些新闻，然后利润什么的。

[09:14] I had in the next day I would I would I wouldn't have those profits are it would be zero so that's what I felt with longer duration trade so I inclined towards short duration day trading after that and uh uh okay I thought like okay let's I'll start with U very basic um with a very less size and uh I started that's how I started uh day trading like 20 2021 July um and then after that I'll rest is the history like uh I was not profitable um I was Break Even actually uh for the first uh one and a half year until I joined USIC I was not at all profitable when I enrolled into uh 2023 us I I was a not profitable Trader and at the end of 2023 I'm the top performer and that feeling itself is like uh surreal to me it's unbelievable uh but
  我第二天本来会，我会，我不会拥有那些利润，它会为零，所以这就是我对长期交易的感觉，因此在那之后我倾向于短期日内交易，嗯，好吧，我想，好吧，让我从非常基础的开始，嗯，用非常小的规模，嗯，我开始，我就是这样开始日内交易的，比如2021年7月，嗯，然后在那之后，剩下的就是历史了，嗯，我并没有盈利，嗯，实际上我盈亏平衡，嗯，在最初的一年半里，直到我加入USIC，我完全没有盈利，当我2023年入学时，嗯，US，我，我是一个不盈利的交易者，而在2023年底，我是顶尖表现者，那种感觉本身，嗯，对我来说超现实，难以置信，嗯，但是

[10:15] Yeah, I would like to carry forward this.
  是的，我想继续推进这个。

[10:17] And uh, continue on this consistency.
  并且呃，继续这种一致性。

[10:22] And when did you transition all your accounts towards day trading?
  你是什么时候把所有账户转向日内交易的？

[10:27] Was it when you joined the USSC, or that was a gradual shift, you know, from 2021 to this year?
  是在你加入USSC的时候，还是从2021年到今年逐渐转变的？

[10:32] So it was one account actually.
  所以实际上是一个账户。

[10:36] It's um, when I started um swing trading, I had um a 50k portfolio, my personal account um uh in that.
  嗯，当我开始波段交易时，我有一个5万美元的投资组合，我的个人账户嗯呃在里面。

[10:42] So I was doing everything in that um, my swing trading and everything.
  所以我用那个账户做所有事情，嗯，我的波段交易等等。

[10:46] And then when I started day trading, I was doing, I was using the same account uh and uh started day trading.
  然后当我开始日内交易时，我用的还是同一个账户呃，并且呃开始了日内交易。

[10:53] But the first one year of my day trading, from mid 2021 to mid 2022, I had um, I had this concept from Bryce, you know, teams student Bryce to um.
  但在我日内交易的第一年，从2021年中到2022年中，我有嗯，我从Bryce那里学到了这个概念，你知道，团队学生Bryce嗯。

[11:01] So he explained in a video saying that uh have a $20 uh sorry, $20 risk for everything.
  所以他在一个视频中解释说呃，每笔交易有20美元呃抱歉，20美元的风险。

[11:07] And then that's how I mean, just and then like small size risk try.
  然后这就是我的意思，就像小仓位风险尝试。

[11:13] Yeah, start small and try your.
  是的，从小开始并尝试你的。

[11:17] Strategies and see how it works.
  策略并看看效果如何。

[11:19] It's not like paper trading, but you're losing something, but losing small, right?
  这不像模拟交易，但你会亏损一些，不过亏损很小，对吧？

[11:24] So I kind of took that and, uh, I played with that for one year.
  所以我有点接受了这一点，呃，我玩了一年。

[11:28] I didn't want to make profits or anything, anything like that.
  我不想赚钱或任何类似的事情。

[11:29] I just want to be consistent.
  我只想保持稳定。

[11:32] And then slowly, I, uh, I started big after that.
  然后慢慢地，我，呃，之后我开始大干一场。

[11:35] I went, um, I tried, I went big size, and but I was not profitable.
  我去了，嗯，我尝试了，我用了大仓位，但我不盈利。

[11:41] I had, um, these boom-bust cycles.
  我有，嗯，这些繁荣-萧条周期。

[11:44] Uh, I made like plus 70%, plus 100% in 2022.
  呃，我赚了大约+70%，+100%在2022年。

[11:51] But, um, slowly eventually slowly I gradually gave it back.
  但是，嗯，慢慢地最终慢慢地我逐渐还回去了。

[11:55] So, but yeah, I was not profitable when I enrolled into 2023.
  所以，但是是的，我进入2023年时并不盈利。

[11:58] What do you think was the key shift that changed your performance from not profitable to then being able to perform in this last half of 2023?
  你认为关键转变是什么，让你的表现从不盈利到能够在2023年下半年表现良好？

[12:08] Was there a risk management shift, you know, a tweak in your entries or sell rules?
  是否有风险管理上的转变，你知道，在入场或卖出规则上的调整？

[12:13] What kind of switched to allow you to, you know, actually compound versus, you know, make a lot but also give it back?
  是什么改变了，让你能够，你知道，真正复利增长，而不是，你知道，赚很多但又还回去？

[12:20] Yeah, so um, the switch there are um couple of things that I did.
  是的，嗯，这个转变中我做了几件事。

[12:26] So for example, uh uh, stopped, I stopped revenge trading.
  比如，呃，我停止了报复性交易。

[12:29] I mean like not completely, uh.
  我的意思是不是完全停止，呃。

[12:31] I used to um have continuous huge number of losses, uh.
  我以前呃有连续大量的亏损，呃。

[12:38] And uh, I used to uh, the only thing that I do good is cut my losses quickly, and everything else I struggle, um.
  而且呃，我以前呃，我唯一做得好的是快速止损，其他方面我都挣扎，嗯。

[12:49] And um, even in um, so 2022 beginning and on 2023 beginning, right, I was uh um, I hit good runs, I hit good trades, and then eventually gradually I slowly bleed, bleed out, um.
  而且嗯，即使在嗯，所以2022年初和2023年初，对吧，我呃嗯，我取得了好的连胜，做了好的交易，然后最终逐渐地我慢慢失血，失血殆尽，嗯。

[13:03] By like as you said like bleed out by thousand cuts, right?
  就像你说的，像千刀万剐一样失血，对吧？

[13:07] I was um, so I um, I became profitable when I trade less, when I started trading less.
  我嗯，所以我嗯，我变得盈利了，当我交易更少时，当我开始减少交易时。

[13:15] I my first, I made, I'll show you the stats of my 2023, but um I did.
  我我的第一次，我做了，我会给你看我2023年的数据，但嗯我做了。

[13:21] 750 around that 750 trades so like out of 250 working trading days right I did um like like three per day mhm.
  大约750笔交易，在250个交易日里，我每天大概做三笔，嗯。

[13:28] But the interesting thing is I made only 150 trades in the last 6 months so yeah a lot less.
  但有趣的是，过去6个月我只做了150笔交易，所以少了很多。

[13:40] 600 were the first for the first six months and then only 150 in the and then that's where I became profitable.
  前六个月做了600笔，然后只有150笔，就在那时我开始盈利了。

[13:49] And then Lance brain as uh he explained in videos right I went big when there was a opportunity like a clear setup easy trade I know this is going to work work uh work good.
  然后像Lance在视频里解释的那样，当有机会时，比如清晰的形态、简单的交易，我知道这会成功，我就重仓出击。

[14:01] I I went all in in those uh in those setups so yeah patiently waiting for those setups I'm doing nothing until I see them kind of.
  我在那些形态上全仓投入，所以耐心等待那些形态，在见到它们之前我什么都不做。

[14:13] And um where did you kind of learn the day trading setups that you ended up you know focusing on was it um you know taking the swing trade position trade setups and just changing the time frame or did you you.
  嗯，你最终专注的那些日内交易形态是从哪里学来的？是通过学习波段交易、头寸交易形态，然后只是改变时间框架，还是别的？

[14:24] Did you study some other other process, other setups that are very repeatable?
  你是否研究过其他一些非常可重复的过程或其他设置？

[14:28] You know, studying the the the price and volume characteristics that you know contribute to a good A+ day trade setup, which could be you know different looking than uh you know a swing trade or position trade.
  你知道，研究那些有助于形成优秀A+日内交易设置的价格和成交量特征，这些特征可能看起来与波段交易或头寸交易不同。

[14:41] Yeah, so in that one year of MBA, um, I was um observing Mark how he reads the charts right on the VCP characteristics, so I got some idea of chart reading there.
  是的，所以在那一年的MBA课程中，我观察了马克如何根据VCP特征解读图表，因此我对图表解读有了一些了解。

[14:52] Um, and uh, I was doing my own U back testing uh after like all the trades that I am taking right.
  嗯，而且我对自己进行的所有交易进行了回测。

[15:00] Uh, so uh, even when I went jumped into five minutes initially, I didn't had a perfect idea of the setups, and that's why I started small uh.
  所以，即使我最初跳入五分钟图表，我对设置也没有完美的概念，这就是为什么我从小规模开始。

[15:09] But even um, I started u screenshotting all the trades that I'm taking and all the actions that I'm missing, all those missing trades like I'm actually eventually gathering all the information.
  但即便如此，我开始截图我进行的所有交易以及我错过的所有操作，所有那些错过的交易，实际上我最终在收集所有信息。

[15:19] I don't know what is going to be a setup for me right, so then and um eventually.
  我不知道什么会成为适合我的设置，所以然后最终。

[15:25] After one year, uh, I had a good good amount of Playbook charts.
  一年后，呃，我有了很多很好的Playbook图表。

[15:30] And I consolidated them to like a pullback setups or like a strong, um, yeah strong with Organic pullback.
  我把它们整合成类似回调设置或强劲的，嗯，对，带有自然回调的强劲设置。

[15:39] I had given my own names which I'll show you second, and um, so I had like developed five to six setups.
  我给了它们自己的名字，稍后我会给你看，嗯，所以我大概开发了五到六个设置。

[15:48] And uh, that's how I developed the Playbook.
  呃，这就是我开发Playbook的方式。

[15:51] And now I think that was the huge step actually to become consistently profitable, um, earlier.
  现在我认为那实际上是迈向持续盈利的一大步，嗯，早期。

[15:59] Now if I look back, right, I think it was all I was, uh, not disciplined, not patient.
  现在如果我回头看，对吧，我认为我当时完全是，呃，不自律，没耐心。

[16:07] But what to be patient for if I don't know what the setup is, perfect setup is?
  但如果我不知道设置是什么，完美的设置是什么，那要为什么事情耐心呢？

[16:11] I mean, I'm so that patience and all I, I'm linking everything to emotional, uh, psychological, uh, thing.
  我的意思是，我把耐心和所有东西都归结为情绪，呃，心理，呃，因素。

[16:18] But uh, it was so coming to technical, I'm a 100% technical Trader.
  但是呃，它如此回归到技术层面，我是一个100%的技术交易者。

[16:22] So um, having a deep dive into a...
  所以嗯，深入探讨一个……

[16:29] Setup is key, and um, that's first.
  设置是关键，嗯，这是第一位的。

[16:33] As Stock B prip says right, first you need to have a strong edge.
  正如Stock B prip所说，首先你需要有一个强大的优势。

[16:40] Then only it should link with the psychology, and then that's when you become profitable.
  然后它才应该与心理因素结合，那时你才能盈利。

[16:44] So that I think that I did the same mistake like I was all depending on the psychology, and uh, chatting was the secondary to me.
  所以我认为我犯了同样的错误，就像我完全依赖心理因素，而聊天对我来说是次要的。

[16:53] But uh, it should be the other way: first have the strong technical analysis, strong edge, and combined with the strong psychology.
  但嗯，应该是反过来：先有强大的技术分析、强大的优势，再结合强大的心理素质。

[17:00] Uh, that makes me, that made me consistently profitable.
  嗯，那让我持续盈利。

[17:02] Yeah, so you've mentioned kind of two things so far: trading less helped a lot, as well as focusing on the edge, focusing on the chart more.
  是的，所以到目前为止你提到了两件事：减少交易帮助很大，以及专注于优势、更多地关注图表。

[17:10] Were there any kind of key mistakes that you were making when you were unprofitable that you realized you were making over time that you kind of stopped doing?
  有没有一些关键错误，是你在不盈利时犯的，后来你意识到并逐渐停止的？

[17:19] Um, you know, anything that might be common for a lot of newer traders out there maybe?
  嗯，你知道，有没有什么可能是很多新手交易者常见的？

[17:23] Yeah, um, mainly over trading, uh, and revenge trading.
  是的，嗯，主要是过度交易，呃，和报复性交易。

[17:28] So I would say like um I did so much of over trading, I didn't...
  所以我会说，嗯，我过度交易太多了，我没有……

[17:30] I mean I was thinking everything that was moving will be a winner something like that.
  我的意思是，我当时以为所有在波动的都会是赢家，类似这样。

[17:35] And then I was, uh, I was break even at the end of the year just because I was cutting losses quickly.
  然后我，呃，我在年底保本，只是因为我在快速止损。

[17:42] If it didn't work, I was just cutting it right there.
  如果不行，我就直接在那里止损。

[17:44] So that's why I was safe.
  所以这就是为什么我安全了。

[17:46] I didn't blow any accounts or anything like that, but that saved me.
  我没有爆仓或类似情况，但这救了我。

[17:51] But, um, overring and the revenge trading, especially right, um, from my childhood, I, I, I was a very good student in academics, right?
  但是，嗯，过度交易和报复性交易，尤其是，嗯，从我的童年起，我，我，我在学业上是个非常好的学生，对吧？

[18:02] Um, I topped in the academics and whenever I prepared right, I, I top in the exam.
  嗯，我在学业上名列前茅，每当我好好准备，我，我就在考试中拿第一。

[18:07] But so I carry that ego or identity with me.
  但所以我带着那种自负或身份认同。

[18:12] And then when it came to trading, I, I, I do the same hard work here.
  然后当涉及到交易时，我，我，我在这里付出了同样的努力。

[18:18] So I'm doing for years, for months and years, right?
  所以我做了好几年，好几个月好几年，对吧？

[18:23] Uh, and then when I take the next trade, it turns to be loser, right?
  呃，然后当我进行下一笔交易时，它变成了亏损，对吧？

[18:26] And then that identity that, uh, my mind tells me that, okay, you are a loser.
  然后那种身份认同，呃，我的大脑告诉我，好吧，你是个失败者。

[18:32] I mean you are not this kind of a person.
  我的意思是你不是这种人。

[18:34] You, I see you as a winner.
  你，我把你视为赢家。

[18:37] Why did you end up as a negative right?
  为什么你最终变得消极了呢？

[18:39] And then now I start to get green on that day, right?
  然后那天我开始变绿了，对吧？

[18:42] So now I have a monkey mind which is playing with me.
  所以现在我有一个心猿在跟我作对。

[18:48] Now I wanted to revenge.
  现在我想报复。

[18:50] Next thing, next setup I see which is not properly formed or like it kind of provides a setup, but it's not there.
  接下来，我看到的下一个设置没有正确形成，或者它似乎提供了一个设置，但实际上并不存在。

[18:58] I just take it and take the loss.
  我就接受它并承担损失。

[19:02] So yeah, all that, when I stop doing or reduce the intensity of that, I became, I'm becoming profitable.
  所以是的，所有这一切，当我停止做或减少其强度时，我变得，我正在变得盈利。

[19:08] So slowly, I think I'm quite not there, but I need to, yeah.
  所以慢慢地，我想我还没完全达到，但我需要，是的。

[19:14] I reduce the intensity and I need to do it more and more.
  我降低了强度，我需要越来越多地这样做。

[19:17] So meditation, journaling, I do that heavily.
  所以冥想、写日记，我大量地做这些。

[19:23] I do meditate every day, and then I journal every day.
  我每天冥想，然后我每天写日记。

[19:30] I write on my journal book notes like physically with.
  我用手写在日记本上做笔记。

[19:33] Pen right so that like I have like this kind of books journaling books I completed like three of them so far in three years.
  用笔写下来，这样我就像有这种书，日记本，我在三年里完成了大约三本。

[19:40] And uh I I try to write it down so that it etches in my mind like right repeatedly right right and right uh.
  呃，我试着把它写下来，这样它就能刻在我的脑海里，就像反复写、写、写一样。

[19:49] And then some I mean eventually I'll get it so I try to form a habit um.
  然后，我的意思是，最终我会做到的，所以我试着养成一个习惯。

[19:56] So because um the physical or transform or anything like that right it's easy to at least form a habit.
  所以，因为身体上的改变或类似的东西，至少养成一个习惯是容易的。

[20:01] But psychologically even though I prepare to be very disciplined or a patient person in the morning when I visualize meditate prepare for the trading day.
  但在心理上，尽管我准备在早上成为一个非常自律或有耐心的人，当我想象、冥想、为交易日做准备时。

[20:14] But when it's comes to the action execution uh one impulse uh trade uh takes me away like and then puts me into the bad spot.
  但当涉及到行动执行时，呃，一次冲动的交易呃，把我带走了，然后把我置于糟糕的境地。

[20:22] And I ruin uh I would I would ruin that day and and H it hurts me a lot.
  我毁掉了，呃，我会毁掉那一天，而且，呃，这让我很受伤。

[20:30] And uh I did that so many times and uh I I there.
  呃，我做了那么多次，呃，我，我，就这样。

[20:34] were times I used to cry in this room

[20:36] sitting in this room my room and uh I

[20:38] was like literally crying myself like I

[20:41] am a 43 year old guy and uh I didn't

[20:45] even cry when my family close family

[20:48] members passed away and now here sitting

[20:50] there and crying because of the mistakes

[20:53] that I did even though I prepared fully

[20:55] of not doing them that's how hard it is

[20:59] and um yeah it it uh goes I mean it so

[21:04] that's why everybody says that it

[21:06] trading is hard and until yeah it hits

[21:09] you hard yeah yeah I mean once there's

[21:12] money on the line the emotions can come

[21:14] up for sure but it seems like your your

[21:17] work and the the stuff you put in is

[21:18] paying off and I'd love to dive deeper

[21:21] into your strategy I know you prepared a

[21:23] presentation kind of walking through uh

[21:25] so feel free to share that and uh yeah

[21:27] let's Dive Right In all right so here we

[21:29] are now taking a look at uh your chart

[21:31] layout um yeah do you want to kind of

[21:33] run through your routines your process I

[21:35] know a lot of people probably have

[21:36] questions about your ideal setup you

[21:39] know your your scans that you use so uh

[21:41] yeah let let's go right go right for

[21:43] it um I use the Charles and um think

[21:48] trading platform right um and U mainly

[21:51] I'll use the five minute and 15 minute

[21:53] charts to uh find my setups and

[21:57] regarding the scans right uh so think

[21:59] swim already has this uh out of the box

[22:03] pre-market movers and uh percentage

[22:07] gainers for the day um these are the

[22:10] default scanners and but I created my

[22:12] own scanner like small cap volatility

[22:15] scanner where

[22:18] um uh I have given my own uh say um

[22:22] fields or like the condition saying that

[22:25] any stock which is above 50 cents and uh

[22:28] Max $100 and the volume should be 1

[22:31] million right and then at least 20 up by

[22:34] 25% show me every all these stocks and

[22:37] then

[22:38] um that's how I get the performance for

[22:41] the

[22:42] day and also I use uh this Zeno life

[22:47] scanner uh this is the their YouTube I

[22:50] go to YouTube and have this life scanner

[22:52] on and it keeps on showing it keeps show

[22:55] it shows me the top momentum performance

[22:58] for the day all these things so I have

[23:00] this open on my tab and so yeah with

[23:03] this combined I think I I so far like in

[23:06] my two years of experience I I covered

[23:08] all the top movers here within that

[23:11] range so uh that's how I I have it uh

[23:16] and then uh once I get

[23:19] the uh scanners right uh I'll have a

[23:22] grid layout kind of watch list like for

[23:24] example these ones and I'll have like

[23:27] three monitors

[23:28] and uh a laptop screen with me so I'll

[23:31] have um like a top priority uh monitor

[23:34] one monitor 2 monitor 3 and then

[23:37] whatever is very active and close to my

[23:39] setups I'll have in top rity monitor

[23:42] I'll watch that closely and then others

[23:44] one accordingly I'll have other monitors

[23:47] set up um if something is coming towards

[23:50] uh forming a setup I'll move the I'll

[23:53] move the charts around and uh that's how

[23:55] I watch them

[23:56] closely and are there any kind of uh

[23:59] liquidity guidelines that you look for

[24:02] uh we obviously saw the volume condition

[24:04] but uh do you prefer more liquid stocks

[24:07] or uh does does it not really matter too

[24:10] much it's just kind of what comes

[24:11] through the scan no I I prefer more more

[24:14] liquid stocks I I for sure volume is a

[24:17] must to me and you you will see in my in

[24:19] my uh charts as well uh I I don't take

[24:23] the trades which are which has less

[24:25] volume even though the price moment is

[24:27] uh big I don't take I don't uh take

[24:31] lesser volume stocks yeah are are there

[24:34] any other um characteristics that you

[24:37] typically look for like average daily

[24:39] range or or you know anything momentum

[24:42] based or just just looking for those

[24:44] gaps and the pre-market movers yeah so

[24:47] this is basically my chart I'll have um

[24:49] a 9 EMA and 21 EMA I have this price and

[24:53] then this volume that's all uh my my

[24:56] chart has nothing else I don't I don't

[24:59] have VAP or adrs or anything like that

[25:01] so I just I'm strictly price and volume

[25:04] based

[25:05] Trader perfect yeah and on a given day

[25:10] uh how many stocks are you kind of

[25:11] focused on throughout the day um are do

[25:15] you just kind of have get your list in

[25:16] premarket and you're just focused on a

[25:18] select few or throughout the day as more

[25:20] and more names come up you'll you'll

[25:22] kind of trade them in and out uh as they

[25:24] come yeah I trade um so for sure uh I I

[25:29] set it up pre-market um as and when when

[25:32] I wake up I I see what's moving in the

[25:35] pre-market I have like I'll watch them

[25:39] um closely but um yeah as day progresses

[25:42] to there will be many stocks which will

[25:44] be adding to the list so that uh YouTube

[25:46] scanner will show me like what's new and

[25:49] what's moving uh I'll add them um around

[25:52] like 12 to 15 are stocks and out of them

[25:56] um maybe like four two stocks will be

[25:59] moving per on an average right so uh so

[26:03] I um yeah the most of them will be like

[26:07] either they moved up and then they fade

[26:10] away or they don't have the proper

[26:12] action that's why I don't pay attention

[26:14] to those stocks so yeah mostly like four

[26:17] to five active stocks will be there and

[26:21] you know talking a little bit about

[26:22] stock selection um do you do you take

[26:26] into account um what's actually driving

[26:29] the move you know the news event the

[26:31] theme whatever does that factor into

[26:33] your process at all or it's really just

[26:35] all about the the tactical price and

[26:37] volume action so what what I feel is I

[26:40] mean like um I'm a 100% technical Trader

[26:43] um um I know people will look at the

[26:46] news and um they do um they analyze the

[26:49] they predict the move as well um for

[26:52] example L he will look at the news and

[26:54] then based on that he will jump into the

[26:57] chart right away

[26:59] uh and also even coming to swing trading

[27:01] right we do fundamental analysis and

[27:02] then based on that we react to the price

[27:05] action and then so everything actually

[27:08] eventually everything funnels into the

[27:10] price right so all these fundamentals

[27:12] are news Catalyst everything it shows in

[27:15] the price so I'm I'll be there at the

[27:18] price watching so I what I believe

[27:21] is let it be all um so everything since

[27:24] everything comes here why can't I wait

[27:26] here and see how it reacts right and

[27:28] then it has some news X I don't care so

[27:32] I don't look at the news all

[27:34] so and I say I think I save some time

[27:37] there but uh maybe I'm losing some Edge

[27:39] but uh so far it's it's good working

[27:41] good because when I whenever I try to

[27:43] read the news I get biased with the

[27:45] price action I did I it happened to me

[27:47] for example a biotech stock since it's a

[27:51] um um intraday charts right a biotech

[27:54] stock have this um their drug um got FDA

[27:58] approved it's a very good news right and

[28:01] I I tend to jump it right right into it

[28:04] even though there was no setup and I

[28:06] took loss many of many of the times I

[28:09] don't know how to interpret the news

[28:10] actually so that's I think I don't have

[28:12] any Edge there that's why I stay calm

[28:15] and just wait at the price chart set up

[28:20] perfect so say you're going through um

[28:24] your

[28:25] scans what what does an A+ setup look

[28:28] like and and maybe run through a few

[28:30] examples as well what are you looking

[28:32] for uh when when a stock comes through

[28:34] your scan that you decide all right uh

[28:37] this this looks exactly how I want it um

[28:39] this is what my setup looks like this is

[28:41] where I'm going to buy what exactly are

[28:43] you looking for on the intraday charts

[28:45] so this is

[28:47] a IC stock I don't know what why it

[28:50] moved and all those things so I don't

[28:52] ask me those I mean then as I said right

[28:55] I don't care I don't look at the uh news

[28:57] and all but on this day it spiked up uh

[29:00] it gapped up and then um it faded out

[29:04] but but slowly it it spiked up again it

[29:08] was halting up all the way up and then

[29:11] um fading out and then and even after

[29:13] after on the day it started to spike up

[29:16] so since these low float stocks right

[29:19] whenever it does that it has this short

[29:21] squeeze kind

[29:23] of reaches to it and then they they

[29:26] squeeze it so um the and I have the

[29:29] playbooks for these short squeezes and

[29:31] all so I I liked this action here all

[29:33] here and I was watching uh from from

[29:37] this pre market this day so it started

[29:40] to go up and like and then down um uh

[29:44] like getting dumped and then it and

[29:47] after that it started to U at the market

[29:50] open U the volume was coming up as you

[29:52] can see in the 5 minute bar like it's

[29:54] like 100 500k and then halted up and

[29:57] then it was 1 million one like 2 million

[29:59] almost 2 million in the uh 5 minute bar

[30:02] so there is volume picking up as you can

[30:05] see right and

[30:06] then uh and then it's going sideways so

[30:10] I like this action so there is a strong

[30:13] demand and then and then even this bar

[30:16] it started uh it took this high high of

[30:18] this bar uh but uh closed here but but

[30:22] with big volume I see this as like a

[30:25] very positive sign very positive action

[30:28] right and then it came down but with low

[30:30] volume as you can see like this this bar

[30:32] it's a uh it gave back some price but

[30:36] with low volume which is good and then

[30:38] close good and then uh so it's going

[30:42] sideways actually it's at the top of

[30:45] this um price action and it's going

[30:48] sideways and uh this has I have

[30:50] playbooks of this kind of a chart action

[30:54] of the price action and uh I was liking

[30:57] this when when this is happening so and

[30:58] even this bar is very positive I took

[31:01] the previous highs and uh came down some

[31:06] selling pressure still there uh but and

[31:08] the volume increased in this bar right

[31:10] and then it's closed good and then it

[31:12] took this bar took even the highs of

[31:15] that this good until now I I'm only

[31:18] interested if it takes this this highs

[31:21] until pivot yeah that's the my Pivot I

[31:24] I'm I have this buy Point set up here

[31:26] for for time being right so and then

[31:29] this action is good here here and then I

[31:33] was watching here and I took I think

[31:35] this one this size so when when it took

[31:37] this SI and as you can see

[31:41] right

[31:43] uh it went from that to like it like

[31:47] 146% um that that is the move in like uh

[31:50] 40 minutes but I didn't take the full

[31:52] move uh when I went when it went this

[31:56] this far like I I I took only the meat

[31:58] of the move um but uh I should have that

[32:01] is one of the mistakes that I do

[32:02] constantly uh I don't um wait properly

[32:06] when the um when it going up I should

[32:09] have I I cut when I I sometimes see my

[32:13] pnl and if I like the profits that I'm

[32:15] getting and if I'm in a draw down right

[32:18] I I just take the profits out and then

[32:21] I'll be out of the trade and then uh so

[32:25] and uh coming to that right like uh I

[32:28] have this slides and actually I wanted

[32:30] to show the audience my actual

[32:33] executions right in stuff so I'll show

[32:36] you the the actual um uh executions of

[32:40] my trades instead of showing the charts

[32:44] so as you can see like this is the IC CT

[32:47] chart uh previous day it was the next

[32:49] day multi-day run and I took the entry

[32:53] here at

[32:54] 3.2 and uh as it went up I peeled off

[32:58] some uh some uh position into this uh

[33:01] strength uh and then started when you

[33:05] started going up I build up like one

[33:08] third off one third off and then I came

[33:09] out all the way here I I should have B

[33:12] um I should have waited more but um I

[33:15] was liking what I was getting so I just

[33:17] wanted to take the profits so this is

[33:19] what I how I manage the position this

[33:22] was my entry 3.2 and my stop- loss would

[33:25] be here the low of this bar

[33:29] okay and what position sizing uh were

[33:31] you were you looking at with this so

[33:34] this one uh I was in draw Downs when I

[33:36] made this trade so so I I follow Mark

[33:41] min's Progressive exposure principles so

[33:44] when I'm in draw Downs I kind of trade

[33:47] less like take until I get to profits or

[33:50] close to equity highs I trade Trad

[33:54] slowly and then once I get to highs I'll

[33:57] try to go big so here um I took a medium

[34:00] size like I would say like but but since

[34:02] the setup was too good the volume was

[34:05] too good I I went with medium size

[34:07] otherwise I would have gone with less

[34:09] size so yeah I like yeah I took a good

[34:13] profits on this point and what's what's

[34:17] kind of a Medi mediumsized position for

[34:19] you like as a percentage of of your

[34:20] account for this trade U like I don't

[34:23] know 10 20% actually uh I I I don't

[34:28] uh I I mean so when I was swing trading

[34:32] I used to look at 7% 8% that way but

[34:35] when I came to day trading right uh I I

[34:38] don't look at uh downside much I mean

[34:42] because if if this trade didn't work and

[34:45] it hesitating I I would cut even um

[34:48] before even it hits my stop loss I come

[34:50] out quickly uh so I I came up with my

[34:55] own rules of Risk Management saying that

[34:58] because I want to be aggressive at the

[35:01] same time I want to be very uh risk I

[35:03] don't want to risk too much even if I um

[35:07] choke this trade if I miss this trade by

[35:10] by micromanaging this I'm okay with that

[35:13] I I just want to like have a uh good

[35:16] setup as soon as I enter it should show

[35:19] go in my direction and I should I should

[35:22] uh as soon as it goes in my direction

[35:24] actually

[35:25] uh uh I don't put any stop loss in the

[35:29] chart in the software I have it as an

[35:31] emotional stop loss I will because I be

[35:34] watching the chart action MH as soon as

[35:37] it buys my I mean it triggers my buy

[35:39] point and goes into my direction in my

[35:42] mind my bu bu price is the stop loss MH

[35:45] so I did that so many times whenever I I

[35:48] went in huge with I there are trades I

[35:51] went in all in and with this action as

[35:55] soon as it um goes up I I I in my mind

[35:59] like okay this is my Breaking Point even

[36:02] if I choke this trade that's fine uh but

[36:04] I don't want to like risk anything and U

[36:07] and as you can see it never looked back

[36:09] so it goes up and this happened this is

[36:11] a constant behavior in like small caps

[36:14] world where know when when it's it's

[36:17] it's going high it goes High to um

[36:19] exponentially so and I learned this from

[36:21] Mark minin as well so whenever he did

[36:24] that 2021 championships and all right

[36:26] like he went with margin and uh uh he

[36:31] reads the price action precisely and

[36:33] then goes with margin and then he will

[36:37] moves the most the sooner the faster he

[36:40] will move it to the break even point to

[36:42] so make it risk free so yeah I kind of

[36:44] follow the same yeah and and did you use

[36:47] margin at all this year or or uh not so

[36:50] much just just cash so um small caps the

[36:55] broker they won't provide the margin um

[36:58] but but I go all in I whatever the cash

[37:01] value that I have account value um I I

[37:04] invest it fully I in some trades that's

[37:07] how like I take as I was saying right

[37:09] Lance

[37:11] Bon's that um suggestions like go all in

[37:15] I mean like like go big when there is a

[37:17] easy trade so that that changes the

[37:20] performance so I strongly believe that I

[37:22] I I would like to continue on that uh

[37:25] this year too and taking a step back

[37:27] back um I don't know if you've crunched

[37:29] the numbers but do you have a sense of

[37:30] your your average win rate uh your

[37:33] average gain your average loss it'd be

[37:35] great to hear that because I'm sure

[37:36] people are curious okay sure um sorry if

[37:40] I'm skipping ahead that's fine totally

[37:43] fine I have it um so these are um I use

[37:47] the trader sync app to um import my

[37:49] trades into and this is my journaling uh

[37:52] software so where um I have the stats my

[37:56] win rate so this is is for full year

[37:58] like Jan to

[38:01] December my win rate is only

[38:04] 31% loss rate is

[38:06] 68 I hope you able to see right yeah I

[38:10] can see it uh and then um my average

[38:13] percentage on losers is 4 minus 4.06 and

[38:16] average percentage on winners is 8.55

[38:19] MHM and total trades that I took is

[38:23] 745 okay so this is the for the full

[38:26] year and then the next slide I have it

[38:29] for the last six months the difference

[38:32] that I want to show the

[38:34] audience when I became profitable right

[38:38] still my win rate is only 28% it

[38:40] actually went down that's interesting

[38:42] yeah but very close I mean not yeah and

[38:46] then as you can see my total close

[38:48] trades is 165 like out of

[38:52] 745 only 165 in the last 6 months

[38:57] right and then um this this went higher

[39:00] as you can see like it's minus 4 and

[39:02] then it's 13 and whereas here it's only

[39:05] 8.55 it's uh when when I when I win I

[39:08] I'm winning big here it's kind of it

[39:12] went from kind of two to one to four to

[39:14] one almost yeah yeah and uh since we are

[39:19] in the stats uh I want to show the

[39:22] audience this

[39:24] um this is my mistake this is my problem

[39:28] like yeah as like there are 745 this is

[39:31] per year there are like yeah many losers

[39:34] there are five1 losers which are fine

[39:36] but you can see there are 17 consecutive

[39:40] losses and uh yeah as I said like I

[39:42] don't lose big on any single trade

[39:44] because I cut losses quickly the only

[39:47] one thing that saved me so far is this

[39:49] that one thing uh cutting losses quickly

[39:52] but but this is my problem I bleed to

[39:54] death so consecutive seven losses 77

[39:57] losses and as you can see here right in

[39:59] June like loss loss loss everything I

[40:03] mean all the trades that I am taking is

[40:05] losses so I don't know why uh I do this

[40:09] but uh I should stop doing this I mean

[40:11] like uh I should take a break or take

[40:15] only perfect setups right until it

[40:18] happens but uh I know I I know why this

[40:20] happens because I'm in a drw down I want

[40:23] to badly get back to break even or My

[40:27] Equity size and this is in June what

[40:30] happened in May was I I had a 200%

[40:35] performance in April

[40:39] May and I want to increase that and uh

[40:42] once I started a with a loss and some

[40:47] losses basically and since I wanted to

[40:51] perform more uh I was not accepting

[40:53] these losses and uh because of that I

[40:55] was doing bad to myself I was losing

[40:58] more and this is uh this is the problem

[41:02] so I do Revenge Force trading a lot and

[41:05] um the funny part about my last year's

[41:09] performance is uh I

[41:13] was I was uh break even until the mid of

[41:19] the year so actually until

[41:22] here my my performance is zero actually

[41:27] I started I I did this performance only

[41:30] in the last six months of the

[41:32] year so because uh I started slow I was

[41:35] doing good I was doing good these two

[41:37] months um got me into grid I I these

[41:43] months gave me hope of maybe I I can win

[41:47] the championship or maybe I can be the

[41:49] top three or top five right and I wanted

[41:52] to now my ego is getting satisfied I

[41:55] wanted to you know uh continue that

[41:58] it feels good and uh there are there

[42:02] will be obviously some losses which I

[42:04] need to take but uh which I don't accept

[42:07] that right because this feels good and

[42:09] lossing losing doesn't feel good right

[42:11] so I kept on this Revenge trading and

[42:14] all by losing more more and more and uh

[42:18] finally I gave 50% of it so 20 200% 50%

[42:23] and then even in the first half of July

[42:24] I gave like some more and uh like by mid

[42:27] July I was back to where I was from in

[42:30] the beginning of my year and then slowly

[42:33] I picked up myself and uh did uh some

[42:38] more meditation some more journaling

[42:40] some more

[42:41] workouts deep Dives everything and then

[42:45] this year this month gave me some

[42:47] confidence and see the the change that I

[42:50] could see Within Myself is when I was

[42:52] losing I was losing small so um and I

[42:55] was trading less as you can see in the

[42:57] stats right like only 150 160 trades

[43:01] after this so I was when I was losing it

[43:04] I was telling myself it's okay just take

[43:06] it easy trade less accept and then this

[43:10] was a big boost for me and then slowly

[43:13] even I was losing here but I could see

[43:15] the clear change Within Myself saying

[43:17] that okay losing is fine trade slow and

[43:20] trade less but still I ended a positive

[43:22] so that's how it was this was achievable

[43:26] yeah I I I love this breakdown this is

[43:28] this is super helpful diving deeper into

[43:31] the June and uh because I think that's a

[43:33] really interesting month um and looking

[43:35] back at the series of Trades that you

[43:37] made um and and you might have made the

[43:40] shift already because it seems like you

[43:41] have have you thought about implementing

[43:43] a rule where if you have five losing

[43:46] trades in a row three losing trades in a

[43:48] row whatever whatever the number is you

[43:51] like take a break for two days you know

[43:53] try to reset to prevent that Revenge

[43:55] trading or you know make making sure

[43:57] you're being more patient is that

[43:59] something it seems like you're kind of

[44:00] doing that um unconsciously now even if

[44:03] you don't have a specific rule yes so

[44:06] yeah I was uh putting uh some hard rules

[44:08] for myself uh yeah as you said taking a

[44:11] break um and uh not not uh number of Lo

[44:15] losers wise but uh if I um for example

[44:18] if I'm in a minus um 10% draw down or

[44:23] minus 15% draw down so I would say to

[44:25] myself okay take it easy

[44:27] um next five trade should be only minus

[44:30] 5% together it should be minus 5% draw

[44:32] down like Progressive exposure as Mark

[44:34] says right so right reduce the size get

[44:37] first get try to read the price good and

[44:41] then get some wins and then get the

[44:43] build the confidence and then slowly get

[44:46] it big right so uh that's what I I I

[44:49] following nowadays like in the last six

[44:51] months uh I'm getting good at that but

[44:54] long way to go I need to keep working on

[44:56] that

[44:58] yeah anything else you know looking back

[44:59] at your data from the year that that you

[45:01] think is significant or or just you know

[45:04] over the course of this process has been

[45:06] interesting for you and and might be

[45:08] interesting for for everybody

[45:11] watching um as I said right uh since we

[45:14] didn't um go through other slides um the

[45:18] apart from um this

[45:21] um the winners were made a big impact

[45:25] made a huge difference on um on me like

[45:28] so for example this is one one price

[45:30] action like um as you can see um see

[45:33] this is a setup that I I built it so if

[45:36] you if the audience wants to know like

[45:37] how how did I know that I need to know

[45:41] buy it here right so I am explaining

[45:43] that okay there is a strong demand it

[45:45] goes sideways organically there is a

[45:47] good pullback and then volume it tries

[45:49] it has the look of going up right and uh

[45:52] there is some still selling is there

[45:55] that's why it's going sideways but as

[45:57] and when the selling all dried up and

[45:59] the demand shows up it's goes up right

[46:01] this the price goes up and I since I

[46:04] kind of I had this Playbook right uh as

[46:09] you can see like I have this Playbook

[46:10] and it it will have the same action I

[46:13] have like all these slides and I go

[46:15] through them very frequently once in a

[46:18] week or so or like once in a month uh

[46:21] and then that's that's that's how I know

[46:24] like if you look at these price actions

[46:25] right it's it's not um

[46:27] it's not no different of what what what

[46:30] we are seeing there so that's that's how

[46:33] I know it's going to be like it has that

[46:36] look so as you can see the volume dries

[46:38] up it goes the price goes sideways and

[46:40] then picks

[46:41] up so that's what uh that's what made me

[46:45] take this trade and then uh in the small

[46:47] caps right when the price uh when the

[46:50] action is this strong so it went from

[46:52] like almost like 150% and then next day

[46:55] it it keeps on it keeps continuing it

[46:59] it's it stes to fade out but as you can

[47:01] see this action there is a short short

[47:04] squeeze and I like this kind of uh

[47:07] actions so I just wait here and then uh

[47:10] towards the market close to on the next

[47:13] day it it spikes up and it went from

[47:17] like $12 to like what $42 I think yeah

[47:22] it went from here to herein

[47:25] like like 250% uh within 1 hour with 45

[47:29] minutes and

[47:31] uh yeah I took that uh that trade as

[47:34] well so

[47:37] now and do you often look for kind of

[47:39] multiple rounds of trades in a single

[47:42] name that that's acting well or yeah uh

[47:44] you do okay I yeah so here right um I

[47:50] don't need to

[47:51] uh what what I was trying to say like I

[47:54] don't need to predict the move here

[47:57] right it's already uh giving me

[47:59] information i g i just collect the data

[48:02] right so it gave me enough Clues here so

[48:05] this is Gap big and it's trying to

[48:07] squeeze up it's trying to squeeze up

[48:09] here and then uh with this slow float

[48:12] and the this much volume is it's uh

[48:15] compared to yesterday this is all

[48:17] positive signs so I have enough Clues to

[48:19] take this trade that's what I I U like

[48:22] reacting instead of predicting right so

[48:24] I just react to the price and then take

[48:26] the trade

[48:27] so like likewise even the next day so

[48:29] the same stock next day I didn't find

[48:32] any of my price action the whole day

[48:35] right I just I'm just waiting there I

[48:37] just wanted to have like a solid uh

[48:39] great risk reward entries and to see and

[48:43] uh yeah here slowly I started getting

[48:45] for mod I I thought I know that this is

[48:47] going to get squeezed up because I saw

[48:49] this action in earlier some trades like

[48:51] top and all the past year uh this this

[48:55] has that look so I I I started uh

[48:58] getting into the position early but

[49:00] since it was not still there I took the

[49:02] I just cut it out fast I I don't want to

[49:06] wait and

[49:07] then again I took the the very and

[49:10] closing towards the range open um of the

[49:15] day sorry I entered there and um slowly

[49:19] I just peel it off and then I scaled in

[49:23] here peel it off on the way

[49:25] up so yeah this is one of the trades um

[49:29] can I ask a question Ashley yeah sure

[49:32] yeah so um could you describe kind of

[49:34] your process for for selling are you are

[49:37] you always looking for to sell into

[49:39] strength as it's pushing up or do you

[49:41] have anticipated targets or uh is there

[49:44] another kind of system that you use to

[49:46] to take profits and and exit the

[49:49] trades um I um I always try to sell in

[49:54] the strength I I peel off actually I'll

[49:57] um sell like 1/3

[50:00] half um so similar to this like I I

[50:05] um wait let me get a this is not for

[50:09] example this right um So I entered here

[50:12] and then there is another position here

[50:14] so and an average my stop loss is

[50:17] somewhere here uh which is a Breaking

[50:19] Point and then in two like half and half

[50:22] here I I try to sell uh or like

[50:25] sometimes 1 1/3 1 thir 1/3 uh my selling

[50:28] is not um um optimal for now uh because

[50:33] I wants to I want to wait more um uh

[50:38] when I look back right I see the stats

[50:40] uh if I had held the positions more for

[50:44] example yeah this life trade lfw trade I

[50:48] sold everything here mhm somewhere here

[50:52] actually yeah somewhere here and I

[50:54] missed all this move

[50:57] that's uh yeah this here mhm So I

[51:01] entered here as you can see three uh

[51:05] 4.7 with I went all in in this trade and

[51:09] this because of the same action I I can

[51:12] explain you in the chat uh I went all in

[51:15] and I sold everything here uh because I

[51:18] looked at the my panl here I it's

[51:21] already six figures and uh I mean it's

[51:25] it's like a conju six figure trade for

[51:27] me uh and uh I was liking what I was

[51:30] seeing I just just took everything out

[51:33] and ran away uh but yeah but I miss this

[51:37] move because of that so I so this year

[51:40] my I want to uh I want to uh be uh

[51:44] consistent with my selling I want to

[51:46] wait more I actually even in buying I

[51:48] want to wait more have a proper perfect

[51:51] size and when when in trade just wait

[51:54] more based on I just want to react to

[51:56] the price action like if it is this

[51:59] strong it has

[52:01] a uh chances of going big again mhm so I

[52:06] have this back tested I have the stats

[52:08] showing up so this year I'm going to

[52:11] actually instead of selling I want to

[52:13] scale in here right something like that

[52:15] so I want to like if I'm going all in

[52:17] then I there's no way to scale in but uh

[52:20] at least SP like 1/3 off if it is that

[52:23] strong and then add that 1/3 back in

[52:25] here right so that I have some gains

[52:28] even if it reverses right and then yeah

[52:31] I want to do a proper trade management

[52:33] rather than um selling based on my

[52:36] emotions R pnl based on fuel yeah I mean

[52:39] here it's holding that 90 ma the whole

[52:41] way it hasn't broken it yet okay perfect

[52:44] yeah and um and uh I would uh show the

[52:47] chart

[52:49] um uh the daily of this one is here this

[52:53] this is the day that we're looking this

[52:55] is the daily and

[52:57] um and it has a history of Prior run it

[53:01] has this history of squeezes and then

[53:03] even here right um it tried to go up got

[53:07] gets faded out and then it takes all

[53:10] this this higher again on the daily and

[53:12] then higher again tries to fade out and

[53:15] then it takes this higher out this is

[53:17] all features of short squeezing in and

[53:20] then it completely Fades out and then

[53:23] and then it shows the strength again and

[53:25] then squeezes all the way up

[53:27] so this daily when the daily and the

[53:31] intraday have the congruence of the the

[53:34] confidence of the uh uh setups then uh

[53:38] the move is going to be exponential or

[53:40] the move is going to be certain almost

[53:42] certain uh yeah there's nothing certain

[53:44] in trading but uh the probability of the

[53:46] mve working will be always high that's

[53:49] what I saw so um on this day um the

[53:51] volume picking up so I'm not interested

[53:54] here and here

[53:56] right um so because there is no setup

[53:58] here but this volume is greater than all

[54:01] the volumes here right and uh it has

[54:04] continuously increasing volume and uh

[54:06] that to in millions like this is 1

[54:08] million this is 500k this is like 1.7

[54:11] million and this this also took the

[54:15] highs of this one and Clos low but it

[54:18] closed at the top of this half bar with

[54:21] with low volume which is good right and

[54:24] then this went sideways 1.4 now I'm

[54:29] interested if this uh takes this High

[54:31] not even this High I just want to make

[54:33] sure since there is not much difference

[54:35] between this 4.59 high and then 4.65 I

[54:39] just wanted to in this kind of scenarios

[54:41] I want to be more careful and have this

[54:43] um this High as My buy

[54:46] Point uh and then when it tookes that

[54:49] when it takes that it doesn't even look

[54:50] back as you can see it went and halted

[54:53] up and then it opened here halted up

[54:55] halted up

[54:57] hard yeah I I want to ask um how do you

[55:00] deal with halts I mean that seems like

[55:03] the big question mark when when you're

[55:04] day trading these type of names

[55:06] especially when you have that type of

[55:08] position size uh in a trade yeah talk me

[55:10] through your process of of uh you know

[55:13] psychologically as well as you know uh

[55:15] trade trade-wise how you handle when

[55:18] when a a stock you're in you know halts

[55:21] yeah initially uh I had the same uh

[55:25] concerns or fears when a stock halts up

[55:28] I I I didn't see this in my first year

[55:31] of Swing trading right I and then coming

[55:33] to this uh day trading small caps

[55:35] momentum trading uh halting is a common

[55:39] uh scenario right and then I was scared

[55:41] I was scared Whenever there was halts in

[55:44] the beginning right I was scared like

[55:45] saying that oh how it's going to open

[55:47] and uh what am I going to do as soon as

[55:50] the Hal resumes I used to take get out

[55:52] of my position even though it's trying

[55:54] to go up I I just get out and then miss

[55:56] all the move now after this experience

[55:59] actually haling up I I feel good I feel

[56:02] that it is it has higher chance of going

[56:05] up uh because in small caps right in low

[56:09] floats um when it hauls up uh it it

[56:13] continues the momentum and uh most of

[56:16] the times it

[56:18] doesn't it's all based on like where I

[56:20] enter mhm but uh in this

[56:23] scenario halting down and coming to my

[56:26] by point is a very rare scenario if it

[56:29] is this strong it HS up this way so even

[56:33] this when it opened here right it would

[56:35] go sideways or uh slowly it would come

[56:39] back and and it would hit my by point

[56:41] but uh yeah I so in this case right my

[56:45] as soon as this is out of my buy Point

[56:48] uh my stop loss is here I at the break

[56:50] in point because I went in huge I went

[56:53] in big right I don't want to give a risk

[56:56] anything on this trade and um yeah I was

[56:58] watching here maybe if this opened and

[57:01] he CL down and hit my bu point I'm okay

[57:04] so but luckily it went up but yeah as

[57:08] you said like hals do

[57:11] scarce the Traders but um once you once

[57:15] I get the experience you get the

[57:16] experience and uh it should be okay it's

[57:18] it's a common feature

[57:21] scenario so once as and also this um

[57:25] common scenario I see once a stock is

[57:28] this strong like 100% right in 5 hours

[57:33] like 20 minutes it will tend to move

[57:35] sideways if if it tends to move sideways

[57:38] with less volume and have

[57:40] another base then there are high chances

[57:43] that it will go even it will have even

[57:46] bigger magnitude move than this one so

[57:48] which is the case which happened this

[57:49] one so and yeah if I held this all the

[57:53] way to here uh my percentage would have

[57:55] been in like four four digits percentage

[58:00] performance of the year but yeah uh yeah

[58:03] this is one good trade uh experience for

[58:06] me yeah and I have a few questions about

[58:09] this trade

[58:11] um yeah so here uh your buy point it

[58:15] only paused for two bars before you were

[58:17] looking for a pivot point the one

[58:19] previously had had a little bit more of

[58:21] a base inad day is this a different is

[58:24] this a different type of setup or is

[58:25] this just just kind of a special case or

[58:27] the volume really you know got your

[58:29] attention here this is a bull flag for

[58:31] me so for me uh it should have uh like

[58:35] this increasing volume strong demand

[58:37] bars with good price close and then

[58:40] going sideways and

[58:43] this um taking the already all time size

[58:47] just in two bars after two bars is

[58:49] saying that I'm strong enough I I I

[58:52] don't want to wait for like a normal

[58:55] consolid

[58:56] my strength is so strong that I want to

[58:59] break all time side right now and that

[59:01] proves in this move right so that's

[59:04] because of this move that's why I didn't

[59:07] even wait for the third bar to go

[59:10] sideways or close here so that's why

[59:13] like I I'm okay if it takes all times SI

[59:16] I mean like this size and wait here so I

[59:19] just yeah so this is a bull flag for me

[59:22] and uh I I have those setups um already

[59:26] like um so for example here right even

[59:29] VC this is a different stock uh which

[59:32] happened on July

[59:34] 23rd so as you can see it increasing

[59:36] volume and then go sideways and then

[59:39] within two bars it takes the highs and

[59:41] because since it takes only the highs

[59:44] within claims the highs within two bars

[59:46] the strong is so high so so big the

[59:50] magnitude so I have this kind of

[59:52] playbooks that's why I was confident uh

[59:54] to to take that to this call yeah mhm

[59:58] and um I want to ask you this as well uh

[01:00:01] are you Market ordering everything or

[01:00:03] are you setting uh limit orders how do

[01:00:05] you usually execute your trades yeah I

[01:00:07] Market order everything yeah yeah and um

[01:00:11] going back I'm okay with the slipage

[01:00:12] actually I'm okay with the slipage uh in

[01:00:15] this kind of scenarios I even uh with

[01:00:18] the spread and all I mean I'm okay I

[01:00:20] just want to get into the move because I

[01:00:22] I like the action so so much and even

[01:00:25] with the stop loss with the stop loss

[01:00:27] orders I am I want to be exhibited for

[01:00:30] sure even though there is the there's

[01:00:32] slipage in the loss and all but I I want

[01:00:34] to get out so that's why I go with

[01:00:37] markets yeah perfect and could you go

[01:00:39] back to the daily chart on this one um

[01:00:42] because I I want to hear a little bit

[01:00:43] more

[01:00:44] about um what you're looking for on the

[01:00:47] daily chart that makes the setup higher

[01:00:50] quality uh you mentioned you know the

[01:00:52] signs of short squeezes in the past uh

[01:00:55] what what are you looking for on the

[01:00:56] daily chart that that gets you even more

[01:00:58] interested in a setup that's appearing

[01:01:00] on the intraday chart I wanted to show

[01:01:02] uh yeah this P chart for example this is

[01:01:05] the

[01:01:08] stock which ran uh like 500% on December

[01:01:12] 20th last year like 2023 like one month

[01:01:16] back so this is the intraday chart but

[01:01:19] uh you see the similar patterns in the

[01:01:21] daily too mhm so you see like a demand

[01:01:26] showing up and then it tries to fade out

[01:01:28] but that uh The Squeeze will be much

[01:01:31] bigger than that it will even the shots

[01:01:34] whoever had this should has to cover and

[01:01:36] then they'll turn as buers it squeeze so

[01:01:39] much and then it's going sideways and

[01:01:42] then whenever it tries to fade out it

[01:01:43] squeezes even more mhm right all these

[01:01:46] arrows are like that that kind of shows

[01:01:48] that characteristics so as soon as the

[01:01:51] uh Market opens you see the selling

[01:01:56] right but the selling is there the first

[01:01:58] bar is okay I mean even it has like 4

[01:02:01] million volume I I don't know whether we

[01:02:03] can see but it has 4 million volume and

[01:02:05] this stock is only like the float of

[01:02:07] this PO is like around 1 million or two

[01:02:09] millions so so uh low and it it is

[01:02:13] trading like 4 millions in the first 5

[01:02:15] minute bar mhm okay and the even for the

[01:02:19] price is uh action is good it's it's not

[01:02:22] fading out just staying there and then

[01:02:24] slowly it fades out

[01:02:26] with with less volume the selling is

[01:02:28] drying it out and then once the selling

[01:02:31] dries out the demand is picking up right

[01:02:34] and then it picks up it's like 1 million

[01:02:37] 2 million in this bars and then go

[01:02:41] sideways and then it

[01:02:43] squeezes so this is a common phenomenon

[01:02:47] happens in the small gaps or at least

[01:02:49] with the micro Floats or low floats

[01:02:52] stocks and that's what happened uh with

[01:02:56] with so with this one too like so

[01:02:59] whenever there is a fade out it tries to

[01:03:02] squeeze up tries to squeeze up and then

[01:03:04] it goes it the volume dries up and then

[01:03:07] as you can see it picks up the volume

[01:03:10] with the demand yep right and then go

[01:03:12] sideways and then squeeze up so this

[01:03:15] action right I was when this one

[01:03:18] combined with the intraday look it

[01:03:20] matches

[01:03:21] that but that too like I'm not uh uh

[01:03:26] I was not ready to jump in the trade

[01:03:27] here or here right I'm just waiting all

[01:03:30] the way till I get the confirmation so I

[01:03:33] have like one I have like one hour to

[01:03:36] take the call right it's not even though

[01:03:38] I'm like a day trading um I'm not uh I

[01:03:42] don't need to uh execute that fast like

[01:03:45] scalping or like that it's not like even

[01:03:48] a video game kind of that it's not that

[01:03:50] fast so I have like 1 hour take the call

[01:03:53] and I have all the proofs that I should

[01:03:55] be taking this uh trade right so that's

[01:03:58] why like when I have when I have um all

[01:04:00] the information matching up and conf

[01:04:02] then I get the confidence and I go all

[01:04:05] in yeah you actually don't really want

[01:04:08] to be the first one in you want the

[01:04:10] price and volume action to prove to you

[01:04:12] yeah yes so even the trades that I'm

[01:04:15] going to show right I get the

[01:04:16] confirmation then only I take the call I

[01:04:18] don't want to be the first person as you

[01:04:20] said like and be there and hope this is

[01:04:23] going to go up or works out I I I I

[01:04:25] don't don't uh yeah I don't I'm not that

[01:04:27] I don't have that kind of Edge and do

[01:04:30] you find that your best trades you know

[01:04:32] are are those flags into the moving

[01:04:34] averages and develop is that kind of

[01:04:36] your sweet spot yeah so um even the

[01:04:40] other Tres that I'll show right uh it's

[01:04:42] kind of

[01:04:43] yeah this trade uh as you can see right

[01:04:48] if you are scared of Hearts this is the

[01:04:50] master of all the

[01:04:52] hearts this dpst it went like 1,000% on

[01:04:55] day I mean than that like yeah and

[01:05:00] uh it was halting up left and right this

[01:05:03] is like a 15 minute chart even in five

[01:05:06] minute chart these were all Al up uh

[01:05:10] actually I will show the screenshot and

[01:05:12] um I was not I was not interested in all

[01:05:15] these things all in sorry in all these

[01:05:17] um areas first of all I didn't get entry

[01:05:20] it was halting up left and right halting

[01:05:22] up squeezing up and uh as I was telling

[01:05:26] regarding the reversals the squeezing or

[01:05:28] reversals or squeezing up scenarios

[01:05:31] right this is a again small float stock

[01:05:35] it went big After Hours the previous day

[01:05:39] kind of FS out and then in the morning

[01:05:41] it kind of tries to go up but Fades out

[01:05:44] right slowly and then here

[01:05:47] the this is where the move started 4

[01:05:50] million uh volume in the 15 minute bar

[01:05:54] mhm and with with with uh with uh taking

[01:05:58] all all the highs and then it went side

[01:06:02] it was trying to fade out then here this

[01:06:04] bar is interesting this is where the

[01:06:06] confirmation came it's like it has 9

[01:06:08] million

[01:06:10] volume and then uh it tries to uh know

[01:06:14] fade out but uh the the buyers were so

[01:06:17] strong that they squeezed up again mhm

[01:06:20] then it go sideways takes out so even in

[01:06:24] the previous chart l W right when it

[01:06:26] tries to fade out

[01:06:28] right the buyer squeeze squeeze the

[01:06:30] stock up and go take claims the alltime

[01:06:32] highs and then even after the open uh it

[01:06:35] tries to fade out but squeeze up squeeze

[01:06:39] up so high that no it was so strong now

[01:06:42] as I have laid out in the previous

[01:06:44] charts like whenever there is this kind

[01:06:46] of strong move and then it is not giving

[01:06:49] much back going sideways if the move

[01:06:53] starts it's going to be another Big Move

[01:06:56] compared to this one right so I entered

[01:06:58] here mhm taking out that high that was

[01:07:01] your kind of your pivot this High the

[01:07:04] not I was not even waiting for this high

[01:07:06] but here uh I was yeah this high if I am

[01:07:10] uh if this high and my stop is like here

[01:07:14] so if I was thinking that if it takes

[01:07:16] this side it's going to go big and uh

[01:07:18] yeah and this is like a six figure trade

[01:07:20] for me uh and I executed this perfectly

[01:07:24] I sold it at the top I'll show you the I

[01:07:27] entered and then when it's um going up

[01:07:30] again I entered like I I think I entered

[01:07:32] like 34 here for the first trade 34 of

[01:07:35] my account value and then when it's

[01:07:37] showing that strength I entered like

[01:07:39] remaining 1/4 okay this is going to go

[01:07:41] up so I went all in and I waited until

[01:07:44] actually um uh I I left the computer

[01:07:48] here I mean I didn't look at the screen

[01:07:50] after it squeezed up here I just like I

[01:07:53] know that this is going to up and if I

[01:07:55] am here here if I watch the trade I'm

[01:07:58] going to take like feel off the position

[01:08:00] do some I'm going to CH do like take

[01:08:04] partials off I'm going to micromanage

[01:08:07] the trade so I don't want to I for this

[01:08:08] trade especially I want to see how I

[01:08:11] hold a winner longer so I want to test

[01:08:14] my patience so I just took a take a

[01:08:17] break from the screens I went like

[01:08:19] outside for 1 hour

[01:08:22] like came back and U yeah I know that um

[01:08:26] after I was thinking that it will go

[01:08:28] afterwards too but since I when need

[01:08:30] this action I thought okay this is I I

[01:08:33] looked I couldn't resist I looked at the

[01:08:35] pnl and it was already you know 100 120%

[01:08:38] I made on this trade and since it's good

[01:08:41] enough I I got

[01:08:43] out yeah how what what price and volume

[01:08:47] Clues are you looking for that uh

[01:08:49] intraday run is getting exhausted it's

[01:08:51] getting towards its last legs um you

[01:08:54] know are you looking for much more

[01:08:55] volatile action is there a number of

[01:08:58] halts that you know you'll you'll count

[01:09:00] from your entry is there anything like

[01:09:02] that that you take a take a look at to

[01:09:04] see you know all right I I should get

[01:09:06] close to selling here it looks like this

[01:09:09] this trend is is weakening a little bit

[01:09:11] yeah what I observed so far is when the

[01:09:14] intraday action is so big if it's of

[01:09:17] this

[01:09:19] magnitude it won't run that big that big

[01:09:22] in after hours it won't uh it's it's so

[01:09:25] the this it's exhausted so here it's the

[01:09:30] towards the end of the day the r it

[01:09:32] won't continue that Trend so that's what

[01:09:34] I observed and uh when it did this that

[01:09:38] got confirmation I got the confirmation

[01:09:40] that okay this is done and and also this

[01:09:43] uh in the small caps right the

[01:09:44] psychological levels of $5 $10 Place

[01:09:48] gets into picture and uh since it's

[01:09:50] towards that $10 and I thought okay

[01:09:52] that's good let's take it out yeah

[01:09:54] that's what that's how I did so this one

[01:09:57] did you sell in that first bar of after

[01:09:58] hours is that is that where you

[01:09:59] ultimately sold yeah just so here uh

[01:10:03] tpst same thing same uh stock like after

[01:10:07] couple of days this is 1011 on that day

[01:10:09] it ran like this much percentage and uh

[01:10:13] and 1025 so once it ran this much I'll

[01:10:17] keep watching it I'll keep watching it

[01:10:19] for the next uh one two weeks think that

[01:10:23] until it fades out completely from the

[01:10:24] charts so I'll keep watching it and

[01:10:27] every day it was not dying down I'll

[01:10:29] will actually show the yeah this was the

[01:10:32] date uh this was the day on which it R

[01:10:35] $10 plus and then uh so even this day it

[01:10:39] it ran like quite a bit little bit I

[01:10:41] didn't um it didn't close high but uh it

[01:10:43] was showing some strength here here so I

[01:10:45] was uh waiting and then wanted to see

[01:10:48] like if it provides a setup just

[01:10:51] watching in my uh radar and then I took

[01:10:55] the other trade like which is here so as

[01:10:58] you can see like uh the action of this

[01:11:01] one compared to what we have seen right

[01:11:04] uh let a like price or volume picking up

[01:11:08] and this as we can as we know right uh

[01:11:11] this has a strong um phenomenon of

[01:11:14] feature of the short squeezing because

[01:11:16] it ran like thousand,

[01:11:18] 100,000% plus previous two days back so

[01:11:22] I know that this even in the pre-market

[01:11:24] right I you can see this bar try trying

[01:11:27] to go up then do this right so I was

[01:11:30] waiting here I liked all this action and

[01:11:33] then I like the volume drying up and

[01:11:35] then this is the psychological $5 level

[01:11:37] here so uh when when it took that $5 I I

[01:11:42] entered that so I was like 5.05 cents I

[01:11:45] entered the by order I mean I I got for

[01:11:49] moded into this action actually because

[01:11:51] I know I made like six figures or plus

[01:11:54] uh in the previous day right two days

[01:11:56] back that's why even when it started

[01:11:58] itself moving itself I fored into this I

[01:12:00] shouldn't have taken this trade right uh

[01:12:03] or at least this was like a sample size

[01:12:06] uh and yeah this kind of buys messes me

[01:12:10] up actually so if this was this doesn't

[01:12:12] work out right okay here I was thinking

[01:12:14] that okay I'll have like half size here

[01:12:16] and then if it goes half here and then

[01:12:18] since it worked out it's all good MH but

[01:12:21] what happened what happens in the most

[01:12:23] of my cases right I I did this half size

[01:12:27] and this half size will be a loss MH and

[01:12:30] then eventually the next trates are I

[01:12:32] don't have the proper thinking in my

[01:12:34] next trades I I it's it's um I don't

[01:12:37] have that Optimal Performance mindset in

[01:12:40] in that day right because I just took a

[01:12:43] loss so I shouldn't have done this but

[01:12:45] yeah um it is what it is I formed into

[01:12:48] it uh I know that I was yeah I was

[01:12:51] predicting instead of reacting right I

[01:12:53] don't see a setup and all I was

[01:12:54] predicting that it will go big and

[01:12:56] luckily uh since this was I feel this is

[01:12:59] the proper entry point for me but yeah

[01:13:01] so this half position scaling in was

[01:13:04] perfect and then I peeled it

[01:13:06] off between the five and 10 minute time

[01:13:09] frames do you have a preference or you

[01:13:11] find you're more successful trading one

[01:13:13] or the other uh I usually use five and

[01:13:16] 15 uh but um I tried I tried 1 minute 3

[01:13:19] minutes uh 10 minutes this one as well

[01:13:23] but somehow I hooked into into these

[01:13:25] time frames because I I think these are

[01:13:29] clean much cleaner than the other ones

[01:13:31] less noise yeah less uh but yeah but I

[01:13:33] know that Lance he trades I think 2

[01:13:36] minutes or 3 minute one so yeah it's all

[01:13:39] once's comfortability like how well you

[01:13:41] can read that particular uh chart so

[01:13:48] yeah and then

[01:13:50] avgr okay um

[01:13:56] okay so this grid is done I'm going to

[01:13:59] show the avgr

[01:14:05] MH so um similar short squeezing kind of

[01:14:09] um setups uh this day it tried to ran

[01:14:14] and then it couldn't and then it faded

[01:14:16] out but all of uh I didn't trade at all

[01:14:19] this I was just watching this to this

[01:14:21] day uh but afterwards all of a sudden

[01:14:25] like this squeeze so much from $7 to

[01:14:30] like $12 in one bar in five minutes mhm

[01:14:33] right this uh interested me and

[01:14:37] uh when I I mean I didn't see I was not

[01:14:40] even looking at the charts on at this

[01:14:42] time but when I came the pre-market um

[01:14:45] the next day I saw this I said oh like

[01:14:48] this this has that reversal or sh squee

[01:14:51] kind of feature so I was watching this

[01:14:53] closely and then it showed some strength

[01:14:55] but I didn't see any pattern I didn't

[01:14:56] enter anything

[01:14:58] here anything uh now um as I showed you

[01:15:01] in po that kind of a trade right where

[01:15:05] uh it has the short squeeze features on

[01:15:07] the market open huge volumes but it

[01:15:09] didn't completely fade out but it it

[01:15:11] showed the strength it's staying there

[01:15:13] the price is staying there just hanging

[01:15:15] there and now and then it tries to

[01:15:17] claims uh do some positive action so it

[01:15:20] tries to fade out and then towards the

[01:15:22] market end this tends to run run big so

[01:15:28] I'll show my exhibtion here so I was

[01:15:31] waiting all the way and then I try to

[01:15:35] uh time it before and then I when it

[01:15:40] came it's not going I come I came out of

[01:15:43] this position but again when it started

[01:15:45] going up I took the position again mhm

[01:15:48] and thenan went into like after hours it

[01:15:52] it as I expected it tried to squeeze up

[01:15:55] I peeled it off I peel it off and then

[01:15:56] added more I peeled it off

[01:16:01] so uh any questions or anything like

[01:16:04] that here yeah do you do you have any

[01:16:06] preference trading regular Market versus

[01:16:09] post Market or is it kind of all all the

[01:16:11] same thing for you because this one it

[01:16:13] was it was really in post Market that it

[01:16:15] made its Big Move yeah this these kind

[01:16:18] of um stocks right uh actually this will

[01:16:21] run big in the post Market in the post

[01:16:23] Market the run will be much smoother the

[01:16:26] volume will be low but

[01:16:28] um but the squeeze and everything the

[01:16:31] magnitude of the squeezes everything

[01:16:32] will be huge compared to the market

[01:16:36] ours so yeah that's what I I observed

[01:16:40] last year I'll show some other examples

[01:16:42] too which has the same afterwards when

[01:16:45] it had this uh kind of action in the

[01:16:48] market hours when it starts to go up

[01:16:52] during the market end it goes very big

[01:16:54] uh so since I I observed and I have this

[01:16:57] back tested charts I was I know that

[01:16:59] this is this will have a big move and

[01:17:03] yeah I was initially I uh I don't like

[01:17:07] pre-market trading or postmarket trading

[01:17:10] but with this kind of action I was um I

[01:17:13] had to like take this I didn't want to

[01:17:15] miss this opportunity so I started

[01:17:17] trading after hours too MH and I do very

[01:17:20] less pre-market trading mhm and uh it's

[01:17:24] seems for a lot of these stocks they're

[01:17:27] on your radar for for a couple days

[01:17:29] before you trade them is that often the

[01:17:32] case yes so once a stock makes a move

[01:17:37] right it it will stay couple of days it

[01:17:38] will same make the noise couple of days

[01:17:40] and then completely Fades out these are

[01:17:42] all shitty stocks and I that's why like

[01:17:45] we don't want to like hold on to this

[01:17:48] price action assuming that this 15 will

[01:17:50] go like to 150 or something like that I

[01:17:53] mean it it can go go there or most often

[01:17:56] not like it won't it will like it will

[01:17:59] so slowly every day right it will say

[01:18:01] Make some noise and it will fade out

[01:18:03] right so that's the usual scenario right

[01:18:06] and then like completely once it makes

[01:18:08] this kind of slowly Fades out um I take

[01:18:12] it out from my yeah how how many days

[01:18:15] after kind of that first short SED move

[01:18:17] do you still consider a stock in play or

[01:18:20] or does it kind of depend on on the

[01:18:22] setup yeah and the setup so

[01:18:25] I was so as you saw I made this trade

[01:18:27] here and U I am out here uh next day I

[01:18:33] want to see if it forms another setup

[01:18:35] but um the whole day I I didn't see any

[01:18:38] proper setup so I I won't enter and then

[01:18:41] the as you can see the volume driving up

[01:18:43] and no strong demand nobody is

[01:18:44] interested in this so and the price is

[01:18:46] Falling Slowly gradually falling so what

[01:18:49] I will do is I'll move this to my um

[01:18:52] three third monitor three uh watch list

[01:18:54] so where it's I I rarely look at it like

[01:18:57] for example maybe for 1 hour or two

[01:18:59] hours every two hours I'll look at it or

[01:19:01] like maybe twice a day I look at it them

[01:19:03] so kind of that and back bencher like

[01:19:06] I'll just put it away and then yeah

[01:19:09] that's your graveyard watch list yeah

[01:19:12] graveyard watch list there you go yeah

[01:19:14] cool so this is the avgr right so we

[01:19:17] were uh talking about like so here's the

[01:19:21] daily yeah this day this is where I

[01:19:24] think we traded

[01:19:25] and then slowly faded out not interested

[01:19:28] in and then I'll take this out so as you

[01:19:30] can see like no volume nothing I'm only

[01:19:34] interested when there's like noise and

[01:19:36] action with volume and rest of the time

[01:19:39] I don't even look at anything and xlaa

[01:19:42] this is yeah another like kind of trade

[01:19:44] I mean not much so I have this setup

[01:19:47] where it has a strong price action and

[01:19:50] it takes a while to uh make new highs uh

[01:19:55] I I like this kind of bars it it

[01:19:57] reclaims the highs and tries to go up

[01:19:59] but um comes down with u but but it

[01:20:03] doesn't Fade Out like it goes sideways

[01:20:04] and then the longer yeah the longer it

[01:20:08] takes to have in the base the stronger

[01:20:11] the move that's what I feel so and with

[01:20:14] I like the volumes too drying up and

[01:20:16] going sideways I didn't take the trade

[01:20:18] here uh and it went up um the volume is

[01:20:22] too low so I that's why like as you can

[01:20:24] see like it's only like couple of

[01:20:26] thousands there mhm and then here volume

[01:20:29] picked up uh then I'm interested right

[01:20:32] and then I took the trade

[01:20:34] here you take the highs so when there's

[01:20:36] a volume and all right and uh yeah I

[01:20:39] always um I am looking at a way I want

[01:20:42] to build the strategy such that even I

[01:20:45] have like 10 times my Capital I should

[01:20:47] be trading the same strategy and you

[01:20:50] know making money so I don't uh I don't

[01:20:53] want to build a strategy here saying

[01:20:54] that that okay I have like make some

[01:20:57] money and then like I have to wait for

[01:21:00] the I don't have I shouldn't have the

[01:21:02] liquidity problem when I crew my Capital

[01:21:04] so that's why like I wait until the

[01:21:07] volume picks up and then trades here I

[01:21:09] mean it's not a the perfect uh execution

[01:21:13] I think but uh let me show you yeah this

[01:21:16] a So I entered here so this is my order

[01:21:19] 1.04 psychological level again $1 so

[01:21:23] when it takes 1.04 I'm interested and

[01:21:26] then as you can see uh I am so happy

[01:21:29] with this exhibition that I want more

[01:21:32] try it again H try it again BN the

[01:21:36] hands um this is a normal typical me uh

[01:21:40] so I I now nowadays I by not doing

[01:21:44] this yeah here I I like the cells

[01:21:47] they're they're on those big reversal

[01:21:49] bars yeah um could you could you point

[01:21:51] out on the other chart uh your your last

[01:21:53] buy there the the one that uh you know

[01:21:55] wasn't wasn't in your system yeah there

[01:21:58] gotcha and then you were stopped out on

[01:22:00] that that big drop there yeah here like

[01:22:03] my stop is right here and then I just

[01:22:05] stopped out so as I said right I'm keep

[01:22:07] saying like I only good at this stock

[01:22:11] execution all these buys and all like

[01:22:14] they are on and off I mean there are

[01:22:16] some good rades many bad rades so I'm

[01:22:19] trying to fine tune that and uh Focus

[01:22:23] only on easy good trades

[01:22:26] mhm then tup so this is another uh setup

[01:22:31] as you can see uh same things like

[01:22:35] strong action this is not the first day

[01:22:37] it was it ran uh previously as

[01:22:45] well so I bought it as you can see I

[01:22:47] bought it here and high but yesterday it

[01:22:50] ran good mhm and it was making noise

[01:22:53] that's why it it's in my watch list and

[01:22:55] today I'm watching at the open it's a

[01:22:57] pre-market it has some strength and I'm

[01:23:00] working at the open and uh it's as you

[01:23:02] can see like with huge volumes it's like

[01:23:04] $10 million sorry 10 million

[01:23:07] volume uh in this bar 5 minute bar and I

[01:23:11] like that volume and it's going It came

[01:23:15] it gave uh more than I thought it it if

[01:23:18] it this action is towards uh this higher

[01:23:21] price it would have been more

[01:23:23] interesting or more stronger but since

[01:23:26] this action is towards the end of or

[01:23:28] like this bar that why I feel that it

[01:23:32] took this much time to make new highs um

[01:23:36] so this action the sideways action

[01:23:38] should have been done here uh then then

[01:23:41] if it claims the highs then that would

[01:23:43] have been more stronger but it is what

[01:23:45] it is even this bar is good it claimed

[01:23:47] the highs and then um going sideways but

[01:23:50] it gave back too mucha so that's why

[01:23:52] like maybe uh even this one close

[01:23:57] low low price with less volume fine this

[01:24:00] is good too like can highs and going

[01:24:02] sideways this is good too so I thought

[01:24:05] like okay here it will go go up this is

[01:24:08] all until here this is the lowest volume

[01:24:10] right and then okay now the move starts

[01:24:14] but it tries to go up again no it didn't

[01:24:17] it closed it came and uh came to the EMS

[01:24:20] luckily I was having my stop loss

[01:24:23] towards the toward the very end of the

[01:24:24] base which is like

[01:24:28] 237 this is uh the low of this is 238

[01:24:31] luckily I didn't get stopped out what

[01:24:34] was your entry here sorry which bar did

[01:24:36] you enter this one uh no this one this

[01:24:38] is the bar uh gotcha when it tried to

[01:24:40] get Bally yeah because the volume as you

[01:24:43] can see this bar is good it went up uh

[01:24:46] this bar is good and this is very this

[01:24:47] is the lowest volume bar in the in the

[01:24:50] chart mhm so I liked it and I thought

[01:24:53] like when this is making the took this

[01:24:55] high and this SI I thought this is going

[01:24:57] up but no then it completely failed but

[01:25:01] ited declaimed and back and then made a

[01:25:04] reversal uh and then it Formed another

[01:25:06] base here and then went up so it's like

[01:25:09] yeah it's a good uh move like 40% see

[01:25:13] this is what um I would like to compare

[01:25:16] the between the day trading versus swing

[01:25:19] trading diter here so this is what I

[01:25:23] feel like I have full control on uh I

[01:25:26] can see I don't need to predict anything

[01:25:28] it's all revealing itself before me uh I

[01:25:33] just need to react to the price action

[01:25:35] and uh see I can make like 38% move 40%

[01:25:38] move within like 1 hour right uh whereas

[01:25:42] in swing if a particular stock has to

[01:25:45] make this move it will take a month

[01:25:48] around a month or like few weeks for

[01:25:50] sure and then the external factors like

[01:25:53] Market everything has to be good no news

[01:25:57] something I don't know I I maybe I'm not

[01:25:59] that patient so this stal suits me well

[01:26:03] and uh and I don't see any problem with

[01:26:06] um with compounding my Capital too until

[01:26:08] I think I hit my8 figures of capital

[01:26:12] with this kind of volumes and all I I

[01:26:14] can I can like get in with like one more

[01:26:18] 1 million or 2 millions and then make

[01:26:21] like 500k to one 1 million in the in

[01:26:24] this kind of Trad so and I'll show you

[01:26:27] my execution here yeah oh um actually I

[01:26:30] entered the previous bar here I entered

[01:26:32] here I was yeah to to expecting this to

[01:26:36] be making a move uh yeah luckily this

[01:26:39] since I was here uh waiting at the low

[01:26:41] of the base I was I didn't get stopped

[01:26:43] out and then I added here and so now I'm

[01:26:47] in full position uh and then my stop

[01:26:50] loss is here here I didn't go all in so

[01:26:53] this is like a normal

[01:26:56] like a what do you say like 10% or 20%

[01:26:59] kind of uh stop loss trade and then yeah

[01:27:03] and uh can you expand a little bit more

[01:27:05] um because I saw you put out a really

[01:27:06] good tweet as well about you know

[01:27:09] momentum moves uh ma magnitude moves

[01:27:12] versus duration moves and I think that's

[01:27:13] an interesting topic you know comparing

[01:27:15] swing trading Style versus versus day

[01:27:18] trading yeah so um especially like uh

[01:27:22] see I mean how many Traders or how many

[01:27:24] many people out there will have mid

[01:27:27] seven figure capitals right so I mean I

[01:27:30] know that uh once we have a bigger

[01:27:34] Capital going into the large caps or

[01:27:36] medium caps

[01:27:38] and taking time to slowly uh make the

[01:27:41] move duration and then wait wait for the

[01:27:45] duration and make like 20% 30% or like

[01:27:48] if you L if you're lucky enough capture

[01:27:50] the market leader uh then you can make

[01:27:53] it but but how I think 90% majority of

[01:27:56] the Traders won't have much that much

[01:27:58] capital and uh these kind of um

[01:28:01] strategies if they have time for example

[01:28:03] but since it's day trading you need to

[01:28:04] be in front of the computers but but uh

[01:28:07] see I don't uh since I don't scalp uh I

[01:28:10] take as you saw my stats I take only

[01:28:12] like on an average last six month I take

[01:28:14] one trade per day two trades maximum

[01:28:17] right so you don't need I mean all the

[01:28:20] time you don't need to be in front of

[01:28:21] the computers but when there is a move

[01:28:23] if you are are able to be in front of

[01:28:25] the computer and execute it then yeah

[01:28:28] definitely there is there is potential

[01:28:30] in this kind of uh strategies so that's

[01:28:32] what I mean this like 40% magnitude here

[01:28:35] as we can see and then the previous ones

[01:28:37] right uh

[01:28:39] like the to me right this is a market

[01:28:41] leader I mean for this two hours and uh

[01:28:45] if if I'm swinging where can I find this

[01:28:47] 250% plus stock uh I mean I need to wait

[01:28:51] one the whole year uh and then

[01:28:54] hope that whatever Happened Here

[01:28:57] whatever the profits that I have here

[01:28:59] doesn't come back and then I need to

[01:29:01] have all the patience to be waiting here

[01:29:04] so uh yeah this is like a kind of market

[01:29:07] leader and uh yeah this these are all

[01:29:10] Market leaders to me so that's what I

[01:29:12] feel 120% right yeah and how often does

[01:29:16] an A+ opportunity show up for day

[01:29:19] trading is is it is there one every day

[01:29:21] or maybe like one a week Je yeah so

[01:29:25] depends on the Playbook the type of

[01:29:27] Playbook that um we develop so for

[01:29:29] example I have like five six setups so I

[01:29:32] would say like one or two every week

[01:29:34] will be

[01:29:37] there but um for example uh there are

[01:29:40] people uh who do both like shorting and

[01:29:44] Longs and they have much bigger

[01:29:46] playbooks they can they can they they'll

[01:29:49] be frequently very busy every day like

[01:29:52] Lance a guy like Lance I mean I mean he

[01:29:54] would he would yeah he would find

[01:29:56] Opportunities every day with his

[01:29:58] caliber and you mentioned you mentioned

[01:30:02] that you think it's pretty scalable what

[01:30:03] you're doing but um if if if anything is

[01:30:07] there anything that as you grow your

[01:30:09] account you'll change or adapt is there

[01:30:11] anything that you plan on changing or uh

[01:30:14] you think it's pretty scalable uh your

[01:30:16] your current process see I mean um as

[01:30:20] the account grows uh I can't keep making

[01:30:23] the 800 plus percentage performance

[01:30:27] right once as it goes to seven figures

[01:30:30] and eight figures right the percentage

[01:30:32] performance decreases but once it

[01:30:34] touches the eight figure 100% is another

[01:30:36] eight figure so that that's that's what

[01:30:40] I need I mean I don't want to make

[01:30:42] another 800 I can't make another 800%

[01:30:45] but a 50% in a eight figure is more than

[01:30:48] enough right so it's too much so as the

[01:30:51] person Capital increases the performance

[01:30:54] are the percentage decreases but uh it

[01:30:56] should be a scalable strategy I know um

[01:30:59] yeah like Lance Lance is a n figure

[01:31:01] Trader like and uh he's a intraday

[01:31:05] Trader he doesn't hold positions right

[01:31:07] so yeah so there are proven people who

[01:31:10] um are doing this with uh with higher

[01:31:14] Capital so yeah I'm pretty sure this is

[01:31:16] scalable and I want to uh so the one

[01:31:19] thing that uh I want to change is like

[01:31:21] hold for bigger moves and uh

[01:31:24] maybe try swinging uh maybe uh not here

[01:31:29] but for example I like what uh kangi he

[01:31:32] does Kuli I think um so lexan the way he

[01:31:37] played Carana right% Runner with with

[01:31:41] his Capital like uh so kind of I wanted

[01:31:45] to build the strategy to that to that uh

[01:31:49] longer duration level yeah so this is

[01:31:51] another trade the VFS uh okay see if I I

[01:31:55] have it open

[01:31:57] mhm

[01:31:59] yeah so same thing

[01:32:02] uh it made some noise here I didn't take

[01:32:05] any trades but uh on the

[01:32:08] open uh this is like a higher little bit

[01:32:11] higher priced stock $21 $22 so it it

[01:32:15] formed this bull flag uh I didn't take I

[01:32:18] didn't take the um action here I didn't

[01:32:21] take the call so it went up

[01:32:24] that's good was there a reason you

[01:32:25] didn't take that or you just you just

[01:32:27] kind of missed that yeah I kind of

[01:32:29] missed that it went went up so fast that

[01:32:32] uh I was not believing it I mean like I

[01:32:35] thought like it would uh with

[01:32:37] this three bars right I thought it would

[01:32:40] uh This Bar would stop around here the

[01:32:43] near the highs or something and then the

[01:32:45] next bar would take it so I was waiting

[01:32:47] for for kind enough but I didn't expect

[01:32:49] the this B will make this strong move

[01:32:52] mhm and uh when when it took and um then

[01:32:55] I have this I mean we have all I have

[01:32:58] this other principles right I don't want

[01:33:00] to chase the trades I don't want to I

[01:33:03] want to be patient for my setups like I

[01:33:06] prepar myself and then I was so prepared

[01:33:08] to be disciplined here that I don't want

[01:33:11] to chase this and it went up but I like

[01:33:14] the action though it was uh increasing

[01:33:17] volume so strong it took these highs and

[01:33:21] uh it kind of had that short squee Loop

[01:33:23] to

[01:33:24] mhm and same volume highers and then

[01:33:28] going sideways I took it here then they

[01:33:30] took this high and then uh I I I got out

[01:33:34] here somewhere here I peeled it off but

[01:33:37] same thing it Formed another base and

[01:33:39] the next move is much bigger actually it

[01:33:41] Haled up here and then opened here

[01:33:43] opened and then squeezed up so yeah uh

[01:33:46] [Music]

[01:33:48] somewhere like 30% move that's what I

[01:33:51] did but I should have waited and but

[01:33:53] yeah so this is what I wanted to uh do

[01:33:56] in the improve on yeah hold more hold

[01:33:59] more when when it shows when it shows

[01:34:01] the the strong hold more so yeah as you

[01:34:03] can see missed the bull flag entry here

[01:34:05] entered here peeled off here peeled off

[01:34:08] here I was happy with my execution until

[01:34:11] I saw this what other common

[01:34:14] commonalities do you see in your best

[01:34:16] trades is there anything that you notice

[01:34:19] uh where everything lines up and and you

[01:34:22] know a lot of the the best best trades

[01:34:24] you make with the biggest magnitude you

[01:34:26] know something happens right right right

[01:34:28] like similar to the stock just moving

[01:34:30] right away after you buy is there

[01:34:31] anything else like that that a lot of

[01:34:33] the best trades share yeah all of them

[01:34:36] right they are profitable right away

[01:34:39] within the second I entered so that that

[01:34:44] then they never look back that's the big

[01:34:46] thing that's the big thing once they are

[01:34:48] out they should never look back so those

[01:34:51] kind of the trades that actually I

[01:34:52] should be I should give some time to um

[01:34:55] to peel off or right or as Tom hugard

[01:34:59] right he says that the author of the

[01:35:03] best loser wins um I like I go through

[01:35:06] his videos too he says try to add add to

[01:35:09] the position instead of trying to see

[01:35:12] where you can get out say add add to the

[01:35:14] position uh so actually I wanted to try

[01:35:17] to doing that instead of here like for

[01:35:19] example this TR instead of seeing where

[01:35:21] I can get out I shouldn't be doing this

[01:35:23] and maybe add add position I know that

[01:35:27] that there will be some fade outs and uh

[01:35:30] break events more break events but if I

[01:35:32] win a trade right maybe my percentage

[01:35:34] goes down but if I win the trade I going

[01:35:36] to be even bigger winner and then I'm

[01:35:39] risking very Less in this kind of if I

[01:35:41] add here my my average would be

[01:35:44] somewhere here and then my stop loss is

[01:35:46] right there at that break even right and

[01:35:48] I'm not I'm not risking anything but my

[01:35:50] size increased and then yeah I can wait

[01:35:54] for this move now I'm giving more time

[01:35:56] to for the move to materialize so I kind

[01:35:59] of want to experiment yeah are you going

[01:36:01] to try to compromise you know sell half

[01:36:03] into strength and then add add that back

[01:36:06] it's hard to add to the position with

[01:36:07] your whole account so yes yeah not with

[01:36:10] the whole account for sure yeah yeah uh

[01:36:12] but as Mark says right always keep

[01:36:15] chipping up so just make sure that you

[01:36:18] know if there's a move just chip up the

[01:36:22] take some profits and then make sure

[01:36:23] your account is you know has some

[01:36:26] profits some cushion and then do your

[01:36:29] like maybe the experiments that you want

[01:36:30] to do like scale in and right those

[01:36:33] things but but make sure know because

[01:36:37] with this if the moood didn't

[01:36:38] materialize the way that I expected and

[01:36:40] it comes back all the way and now my

[01:36:43] mindset is messed up MH and I was

[01:36:46] thinking that why didn't I take I I'll

[01:36:48] show you that yeah uh one mistake that I

[01:36:52] so this is the mistake

[01:36:54] so

[01:36:56] pxm bull

[01:36:58] flag but it has like low volume it then

[01:37:01] I mean like 200k something uh I only so

[01:37:04] whenever there is this kind of not so

[01:37:07] good volume I try to take the

[01:37:10] appropriate size not not the full size

[01:37:12] or anything like that I don't want to

[01:37:13] get into that through those kind of

[01:37:15] troubles but this was ran 80% it was um

[01:37:20] 80% move after I entered I entered here

[01:37:23] exactly at the bull flag U that

[01:37:27] 2.33 right I didn't I I waited I was

[01:37:31] thinking expecting I was doing that same

[01:37:33] thing scale I want to scale into this

[01:37:35] instead of peeling it off right and or

[01:37:37] do something right and then it came back

[01:37:40] all the way and this happened on 11:14

[01:37:44] mhm uh if I had this trade up I would

[01:37:47] have like th% performance in my

[01:37:50] portfolio right so kind of and this

[01:37:52] messed me up and after this the next two

[01:37:56] weeks was I was in draw down I mean

[01:37:58] slowly I was bleeding

[01:38:00] up the reason for that is this tra

[01:38:03] because I didn't execute it well I mean

[01:38:06] at least I should have chipped up as

[01:38:08] Mark says right and then maybe take one3

[01:38:11] off and then do

[01:38:13] your other things experimental stuff

[01:38:16] after that but at least I should have

[01:38:17] chipped it up and then then that's that

[01:38:20] but yeah

[01:38:23] and uh yeah these are other trades uh I

[01:38:27] quickly want to go through that so same

[01:38:29] same thing uh I try to enter here if

[01:38:31] didn't work out so I I tell this is my

[01:38:34] very common trade trades that I take

[01:38:38] like and try to it all looks good here

[01:38:41] enter doesn't work out but I come right

[01:38:44] at the break even or just at the stop

[01:38:46] loss I don't want to give too much my

[01:38:49] risk my risk management here I would say

[01:38:52] I appreciate it my myself for my Pat on

[01:38:55] my back for this this is the only thing

[01:38:57] I was doing consistently from the

[01:38:59] beginning cutting off strength that's my

[01:39:01] strength yeah and um but um I should um

[01:39:05] so and then once it forms all the way

[01:39:07] and then it PR going up so I like this

[01:39:09] execution clean entered here it took the

[01:39:13] high and psychological $5 level I know

[01:39:17] that it's going to stop at five I mean

[01:39:18] kind of anticipating

[01:39:20] because even the move right it RS it s

[01:39:23] like if it is hesitating to go to claims

[01:39:26] to take alltime highs like it is taking

[01:39:29] like few bars to take that and I was

[01:39:31] kind of expecting that this is the

[01:39:32] climax run so I took it

[01:39:36] 4.7 it's a nice sell yeah it's a nice

[01:39:39] sell and um MLG I shared this on Twitter

[01:39:44] um So I entered

[01:39:48] here I didn't like this action so there

[01:39:51] is this one bar with compared at the

[01:39:53] previous bar like it's a it's like a

[01:39:55] climax run uh the next bar should

[01:39:57] be should be strong too if this is the

[01:40:00] move I should I was expecting this kind

[01:40:02] of move here MH but uh I didn't like it

[01:40:05] this move so I just came out the below

[01:40:08] of that bar I don't want to like I it's

[01:40:10] okay I it's like it's one hour trade or

[01:40:13] um I I just if I choke I'm choking the

[01:40:16] trade that's fine but but but this

[01:40:18] eventually um Consolidated good like uh

[01:40:23] vcp characteristics right and then it

[01:40:25] blows up uh if it is not touching the

[01:40:29] lows of the previous base if it's

[01:40:32] consolidating above that I I feel I I

[01:40:34] saw that it's I observe that this is a

[01:40:36] very strong action it's a base on top of

[01:40:39] that there is a long base uh kind of

[01:40:41] that and I went in again good with good

[01:40:45] size because the risk was too small here

[01:40:48] I went in half year it proved strength

[01:40:50] and then I went in half year and then my

[01:40:54] my stop loss was somewhere around here

[01:40:56] and then it went

[01:41:01] up yeah this was another trade which

[01:41:06] just showing the magnitude of the move

[01:41:08] mhm like 4.4 to like

[01:41:13] 6.4 and then this one this was the game

[01:41:16] changer for me um which happened in

[01:41:18] April 27th so a lot more trades I can

[01:41:21] already yeah I uh I was actually I was

[01:41:25] about to become profitable this before

[01:41:27] until this trade I was not was close to

[01:41:30] profitable but this trade May changed my

[01:41:32] mindset and everything uh I'll show you

[01:41:36] um

[01:41:40] here so top we are talking about this

[01:41:42] here but this is a 1 hour chart because

[01:41:45] f with five minute uh I didn't I

[01:41:48] couldn't go that far um with 5 minute

[01:41:50] and 15 minutes because it can go back

[01:41:52] only like 180 days and uh it's I

[01:41:55] couldn't go this this far so that's why

[01:41:57] I want to show on the 1 hour chart so as

[01:42:00] you can see I had multiple executions

[01:42:02] here here here here but um afterwards it

[01:42:05] ran from 20 to like 1,000% after hours

[01:42:11] it went that

[01:42:12] High and um yeah uh as as as I was

[01:42:16] explaining the short squiz kind of setup

[01:42:19] um it had that that look from the

[01:42:22] beginning of the day right this was not

[01:42:25] clear in the 1 hour but uh All These

[01:42:28] Bars here were halting up this was

[01:42:30] halting up and um and towards the end of

[01:42:34] the day after hours it was started to

[01:42:36] squeeze up and I I entered

[01:42:39] here so I I came at break even here uh I

[01:42:44] was anticipating the move but then when

[01:42:46] started afterwards I entered

[01:42:48] here I couldn't believe what I was

[01:42:51] seeing actually and I added in off I

[01:42:53] added in peel off I was so yeah over

[01:42:56] trading as I said is my another problem

[01:42:58] so I was so excited and I was peeling

[01:43:02] off and adding in peeling off adding in

[01:43:04] and then it went all the way so I even I

[01:43:06] was trying adding in here too like uh so

[01:43:11] which which was completely which is bad

[01:43:13] but

[01:43:14] yeah it comes with experience I think so

[01:43:17] yeah but I made good money on this trade

[01:43:20] um it's it's like a Easy Money Trade

[01:43:23] yeah so why did why did this trade kind

[01:43:25] of change everything for you oh yeah so

[01:43:28] uh the gains from this one trade was

[01:43:31] like uh so much I mean like plus 200%

[01:43:36] until then I had I didn't had that kind

[01:43:38] of a uh I didn't saw that kind of a

[01:43:41] trade in in my career so once this

[01:43:45] happened then I Got Confidence saying

[01:43:48] that okay maybe um like I need to I am

[01:43:52] doing good but uh I have to tweak some

[01:43:54] things few things to make this to Next

[01:43:57] Level so that's when like uh yeah that's

[01:44:02] why the perspective of my my confidence

[01:44:04] my um

[01:44:06] abilities uh as I was saying right I was

[01:44:08] getting frustrated myself even though I

[01:44:10] was working so hard and doing all the

[01:44:12] necessary things that needs to be done

[01:44:14] but still not profitable and all this

[01:44:16] proved that okay there is a light at the

[01:44:19] end of the tunnel right so there is

[01:44:20] there is um future for my trading career

[01:44:23] so yeah that this is kind of a changing

[01:44:26] career changing trade for me it changed

[01:44:29] your mindset Chang my mindset I it

[01:44:31] gained me confidence so much of

[01:44:33] confidence very

[01:44:35] cool and uh and um yeah uh until now I

[01:44:40] showed only the small caps trades but

[01:44:43] here it is the coin uh coinbase even I

[01:44:46] looked if there is

[01:44:48] a very good action Inay action in even

[01:44:51] in um other other small medium Caps or

[01:44:55] large caps I I Tred to I took W I took

[01:44:59] cvna multiple times um so I trade them

[01:45:02] if there is a setup so here like the

[01:45:05] demand strong demand going sideways with

[01:45:08] good volume low volume and then so I

[01:45:10] took here entered here and this is what

[01:45:13] I want to do as you ask me the question

[01:45:15] right if I have grow my Capital so same

[01:45:18] strategy like now I can know get in with

[01:45:21] my bigger Capital get out so yeah I can

[01:45:25] I can do that those kind of things I

[01:45:27] would like to show the my biggest

[01:45:29] mistakes are losers

[01:45:32] sure uh a um pre-market move strong

[01:45:38] move and then it had the look of that

[01:45:41] short quizzes short squeezes and then as

[01:45:44] I was showing you right uh even on the

[01:45:47] at the towards the open it has strong

[01:45:50] volume but faded out and then to squeeze

[01:45:54] up I I took the once it's going sideways

[01:45:58] uh I took the buy Point here with good

[01:46:01] um size and It reversed me on right

[01:46:06] away and not accepting this loss I tried

[01:46:09] to trade away again with a big big

[01:46:11] amount after hours because I saw these

[01:46:14] after hours top trades and avgr so the

[01:46:17] ones that I showed so far I was

[01:46:19] expecting that okay this will make that

[01:46:21] this kind of move again here

[01:46:23] I went in big and took a loss again so

[01:46:26] yeah as I said taking losses is the only

[01:46:29] good thing that I I do so I took the

[01:46:31] loss but this ruin my performance so

[01:46:34] much

[01:46:35] um uh this was uh right after lfw those

[01:46:39] kind of Trades uh where um now um uh

[01:46:45] yeah I want to talk about this this um

[01:46:47] now the championship since this is in

[01:46:49] November the performance in the

[01:46:50] championship was affecting my Trading

[01:46:53] performance uh it's in my head so

[01:46:56] whatever the trades that I'm taking I

[01:46:58] was um think calculating whether uh it

[01:47:01] will make this percentage up or uh it

[01:47:05] was messing up with my mind um right

[01:47:08] right so this is and I I didn't accept

[01:47:12] this loss because of that I don't want

[01:47:14] to uh in the next

[01:47:17] uh outing of us report right I don't

[01:47:20] want to be uh show become I mean be in

[01:47:24] the Lesser position or something like

[01:47:27] that so I want to win right and yeah

[01:47:29] this I wanted to Revenge trade and took

[01:47:32] bigger losses so yeah that's one

[01:47:36] [Music]

[01:47:38] thing and again this one SGD this this

[01:47:42] was moving good uh prayer days and uh

[01:47:46] after this setup

[01:47:48] I entered

[01:47:51] here I got out on this on this bar but

[01:47:56] again when it started moving up I got in

[01:47:58] again MH which is very wrong right I

[01:48:02] mean I I shouldn't have done that but I

[01:48:04] stopped it again so it's like too much

[01:48:06] of over trading right second trade was

[01:48:08] horrible and this ruined my whole

[01:48:12] dayk

[01:48:15] loss and this this I shared on Twitter

[01:48:19] um so I was expecting this kind of a

[01:48:21] move but it didn't uh

[01:48:23] and uh actually it halted on me it

[01:48:26] halted down on me but um luckily half

[01:48:29] got executed and half I was there so

[01:48:32] yeah I mean this was okay trade to me uh

[01:48:36] I would have got out at a decent loss

[01:48:40] but since it got Haled down uh I took a

[01:48:43] bigger loss than I expect anticipated

[01:48:48] mhm so and then bed b and Beyond uh on

[01:48:52] in February so I was watching this I

[01:48:55] didn't take here I didn't take here I

[01:48:56] didn't take the trade here and all this

[01:48:59] huge move right 100%

[01:49:02] move uh I was feeling bad because I

[01:49:06] missed it and then afterwards I Tred to

[01:49:09] for it I mean enter it saying that okay

[01:49:12] there is another big move coming up and

[01:49:15] then this is another one I took it $6

[01:49:18] but it I stopped out at 4.5 but my price

[01:49:21] is around here like around like 5.75 or

[01:49:24] something my stop loss or like around

[01:49:26] here but because of this big bar my

[01:49:30] order got executed for or four here so I

[01:49:33] took a bigger loss than

[01:49:36] expected uh we talked about already

[01:49:38] about this I didn't take the profits all

[01:49:40] the way Fades out I I felt stupid after

[01:49:43] this

[01:49:45] trade yeah and then like continuous

[01:49:48] losers

[01:49:51] mhm um

[01:49:53] I know I know you wanted to uh you

[01:49:55] wanted to talk a little bit a little bit

[01:49:57] about why you're long only so would you

[01:49:59] mind kind of diving into that about why

[01:50:01] why you trade um mostly to the long side

[01:50:04] yeah sure um so basically

[01:50:07] um uh I tried shorting too uh in 2022

[01:50:11] but it didn't fit my style uh I have to

[01:50:14] go and U get the

[01:50:17] locates uh once I find a setup May uh

[01:50:20] now I if I go to the broker and try to

[01:50:23] get the locates uh they'll say okay uh

[01:50:26] there is only 5,000 locates available

[01:50:29] but I want to enter like 10,000 but yeah

[01:50:31] so and then by the time I come back the

[01:50:33] move already started the downward move

[01:50:36] and U more than that right uh when MPA

[01:50:40] Mark is not Mark doesn't suggest or

[01:50:43] recommends shorting so he said like if

[01:50:46] you want to be good right be a

[01:50:48] specialist uh specialize and um I want

[01:50:51] to specialize

[01:50:53] in this one and don't want to like have

[01:50:57] be a average or good in multiple things

[01:51:00] I want to just be a heart surgeon and

[01:51:03] get paid more than a general physician

[01:51:05] right right um kind of that and also in

[01:51:09] the small caps this two explosive

[01:51:11] magnitudes where you can see there is a

[01:51:14] danger of getting short qued and blowing

[01:51:17] up the account get and getting the

[01:51:19] margin call if it is medium caps large

[01:51:22] caps it's okay I mean it won't that

[01:51:24] won't happen that frequently but uh in

[01:51:26] the small caps um it happens regularly

[01:51:29] and I want to show that example here for

[01:51:31] example P this is one trade like which I

[01:51:34] didn't take but this has the reversal

[01:51:36] right as I said like it squeeze so much

[01:51:38] it squeeze like 500%

[01:51:40] up right and uh I think the whoever if I

[01:51:44] if I have done a shorting here I mean if

[01:51:46] I don't have the discipline to cut it

[01:51:47] out and all right I I would have got

[01:51:50] your Margin Call by now by this

[01:51:53] time and uh I had this other trades

[01:51:56] where uh I want to tell everybody that

[01:52:00] um where what my mindset is even though

[01:52:03] I was confident here I was so fearful

[01:52:06] that it will stop me out I didn't take

[01:52:08] it here enter

[01:52:09] here uh and then it formed a bull flag

[01:52:13] and it started going up in front of me

[01:52:16] but I didn't take this call I didn't

[01:52:17] enter here because I was not confident I

[01:52:21] was fear of losing I had this now now

[01:52:25] not only four more right that fear of

[01:52:27] missing out this another fear fear of

[01:52:29] losing I want I don't want to be a loser

[01:52:31] again that's uh after all this hard work

[01:52:34] I don't want to be a loser right and

[01:52:37] because of that mindset I miss this kind

[01:52:38] of moves too so it's like a balance that

[01:52:41] I need to have um which I'm trying to

[01:52:44] but yeah this mov up in front of me and

[01:52:47] I couldn't do

[01:52:49] anything and one other question I want

[01:52:51] to ask you kind of taking a step back do

[01:52:54] you find that your best trades happen as

[01:52:57] a group closely together or it's really

[01:53:00] just hit or miss based on these setups

[01:53:02] like any any week you might have a

[01:53:04] really big winner you just kind of have

[01:53:06] small winners and then you know a month

[01:53:07] later you have another big winner um

[01:53:10] yeah it kind of random I it can be

[01:53:13] anytime it can be so that's the

[01:53:15] challenge u i see and uh so for example

[01:53:19] in the swing world and all we there will

[01:53:21] be a sector and there will be a tee or

[01:53:24] there will be a market um Direction

[01:53:27] which sets and many breakouts will

[01:53:31] work right and right but in here um I

[01:53:36] see um a one week like there will be

[01:53:39] this kind of setup works but in the

[01:53:41] other week I have to wait until maybe

[01:53:44] some more weeks then all of a sudden I

[01:53:47] need to be vigilant at the same time and

[01:53:50] I need to be very careful not to trade

[01:53:52] everything so it's kind of a balance

[01:53:54] that yeah that I need to master yeah and

[01:53:57] uh now but maybe because of the market

[01:54:00] to say I'm only like two two years into

[01:54:02] this two and a half years into day

[01:54:04] trading but looking back at 2020 charts

[01:54:07] uh shows me that like as you said there

[01:54:10] are they happen in groups too like the

[01:54:13] long it's like all this top other trades

[01:54:16] where it's like easy money like there

[01:54:17] was explosive moves towards upside on

[01:54:20] the long side and uh maybe it's because

[01:54:22] of the 2022 or 23 Market I don't see

[01:54:26] very frequently those kind of setups but

[01:54:29] uh uh maybe if the market supports and

[01:54:32] all uh maybe there will be frequent

[01:54:35] Bunch kind of moves yeah and um uh I

[01:54:39] wanted to ask if you could kind of cover

[01:54:41] each of your setups that you use and

[01:54:43] kind of uh maybe go through one example

[01:54:46] of each and kind of describe what you're

[01:54:47] looking for with with each

[01:54:49] example yeah sure um so I this setup as

[01:54:53] like

[01:54:54] a strong demand SL low back to touch EMS

[01:54:58] right so it should have a strong demand

[01:55:02] and it should go sideways to at the top

[01:55:04] of the bars at the price right and then

[01:55:06] the volume should subside in that bars

[01:55:08] and if it reclaims si basically this is

[01:55:11] the concept of all the moves even bu

[01:55:15] flag is the same everything is the same

[01:55:17] so prior it should have a demand uh it

[01:55:20] should go sideways organically pull back

[01:55:22] to the sides but this one is different

[01:55:26] compared to other ones is why I made it

[01:55:28] as a subdiv subdivision stock or setup

[01:55:31] is it will honor the EMS it will have

[01:55:34] this 9 EMA touch and go and then touch

[01:55:37] and go like that so it will uh so ride

[01:55:41] it higher yeah yeah so I have this um

[01:55:44] like the demand is good or high the

[01:55:46] price pulls back organically the volume

[01:55:48] reduces in the pullback the price

[01:55:50] touches and respect so I have this one 2

[01:55:53] 3 four points and then it's like one if

[01:55:56] it two pull back three volume four

[01:55:59] touches the EMA and then goes up nice so

[01:56:03] yeah 1 2 3 4 so goes up so I I kind of

[01:56:08] look that look at that way and then the

[01:56:11] other setup that I have is um strong

[01:56:14] demand slow faders this will uh this is

[01:56:17] like

[01:56:19] a bull flag in 15 minute chart in five

[01:56:22] minute it looks like this for example

[01:56:24] here strong demand but towards the it

[01:56:26] tries to reclaim size size but it has

[01:56:29] the look of explosive move upwards it

[01:56:32] has that look but uh it will it will

[01:56:35] take time so but in five minutes it

[01:56:37] might look like this but in 15 minutes

[01:56:39] it might

[01:56:41] look uh like this mhm right so but in 5

[01:56:46] minutes so it if it goes sideways at the

[01:56:50] toward at the very high of the price and

[01:56:52] and volume subsiding and then if it

[01:56:54] picks up then I take the call like for

[01:56:58] example a see here this is in

[01:57:01] 2022 strong and then once see these were

[01:57:05] the entries that I was uh looking at

[01:57:07] when the beginning of my trading care so

[01:57:09] this has the great risk reward ratio

[01:57:11] here like maybe it's like 15 cents or

[01:57:14] something like that mm and then it has

[01:57:17] like $15 move like so I want to have

[01:57:20] that risk reward ratio

[01:57:22] the and I just even though I missed all

[01:57:26] the moves and all I just ch them out

[01:57:27] screenshot them out so that I can build

[01:57:29] the

[01:57:30] Playbook so like this so and then the

[01:57:33] other setup is uh going back just one

[01:57:36] you I like that that point out of the

[01:57:38] lowest volume right before the big move

[01:57:41] there yeah

[01:57:43] yeah yes so

[01:57:45] sorry yeah volume as you can see like

[01:57:48] it's completely dried out and then price

[01:57:51] is not going down the it's nobody I mean

[01:57:55] it's it stays high and now the this is

[01:57:58] like a vcp characteristics too I mean

[01:58:00] like right right like volume completely

[01:58:02] dries out and then now it makes a move

[01:58:05] it makes a big move and then the OG bull

[01:58:09] flag so everybody knows about this right

[01:58:12] strong

[01:58:13] demand and then

[01:58:15] sideways so uh one more thing uh uh is

[01:58:20] if said set up has multiple chart setup

[01:58:24] characteristics in it then uh it's the

[01:58:27] certainty of the move is much bigger for

[01:58:30] example nxtp this

[01:58:34] um yeah this nxtp is a short uh low low

[01:58:38] float and uh it has a short sque kind of

[01:58:41] characteristics in before and then uh

[01:58:43] see uh it on the open it Dy down but it

[01:58:48] tries to reclaim highs and then going

[01:58:50] sideways now

[01:58:52] it has this um organic pullback kind of

[01:58:56] setup plus it has a reversal

[01:58:59] setup so I like this this kind of Base I

[01:59:01] like that if have like two or three

[01:59:03] setups mixed together combined together

[01:59:05] then the certainty of the move is higher

[01:59:07] like like daily setup and then as I was

[01:59:09] we Shing like uh in LF lfw right

[01:59:13] reversal setup on The Daily and then

[01:59:16] intraday is a bull flag right so then

[01:59:18] the chances of going are higher so that

[01:59:21] kind

[01:59:22] can you go to the the setup

[01:59:24] characteristics Slide the the first

[01:59:25] slide for this one the bull flag yeah oh

[01:59:29] oneor yeah yeah yeah so at least two big

[01:59:31] green bars at least so if it is three

[01:59:34] that's good uh with a good price

[01:59:36] increase the next few bars consolidate

[01:59:39] around the top price action with low

[01:59:40] volume bars now the entry should be at

[01:59:43] the top of the pullback bar and exit at

[01:59:45] the bottom of it so um my entry would

[01:59:48] should be here and then exit should be

[01:59:51] here yeah by the way I love how you've

[01:59:54] organized uh your kind of chart Playbook

[01:59:57] you've got the description slide then

[01:59:59] you just got a lot of examples I I think

[02:00:01] this is this is this is putting in the

[02:00:03] work right this is great yeah that's

[02:00:06] what like I putting the work and when I

[02:00:08] see a loser that's the the thing that

[02:00:12] kicks me out so yeah we didn't go

[02:00:13] through this right strong demand slow

[02:00:15] fader same thing good demand price go

[02:00:17] sideways at the top of the highest

[02:00:19] selling gradually and consolid the em

[02:00:22] the look of the action should be as if

[02:00:24] it wanted to go higher and less selling

[02:00:27] so so like that and uh hals this is the

[02:00:32] this will be a very interesting uh

[02:00:34] playbook for other types of strategies

[02:00:38] history of HS good green volume was

[02:00:41] popping up price should go up same thing

[02:00:43] I mean HS is nothing but too much of

[02:00:46] demand in the short very short time

[02:00:48] that's that's all it is and uh yeah it's

[02:00:52] the volume will be too low I mean that's

[02:00:54] the that will be that's why it will halt

[02:00:56] it up so it's low float even the Lesser

[02:00:59] volume will make

[02:01:01] the too much of up move and then make

[02:01:04] the stock Hal so that characteristics is

[02:01:08] what makes the short squeeze setups

[02:01:12] mhm and there won't there will be what I

[02:01:15] saw is like there will be up squeezes

[02:01:17] but there won't be down squeezes so a

[02:01:19] stock can go only to 100% down yeah yeah

[02:01:22] that's this one the point that I want to

[02:01:24] mention why I don't do shorting as Mark

[02:01:26] says Mark gave me this one right so if

[02:01:31] in shorting how much maximum can we do

[02:01:34] right I can do only 100% if the stock

[02:01:36] price goes to zero but in long side as I

[02:01:39] saw as I made some trades I made 120%

[02:01:42] 150 right so that won't be and shorts

[02:01:46] are yeah Longs are much easier and

[02:01:49] cleaner I think squeeze up reversal

[02:01:51] slower the float the better mhm good

[02:01:55] volume already strong demand especially

[02:01:57] when the price goes down it almost

[02:01:59] immediately comes up like a ball under

[02:02:02] the water signs so it usually like bumps

[02:02:06] gets up uh gets dumped but raises

[02:02:09] quickly back and weights it has tried to

[02:02:12] squeeze up in the past bars look of

[02:02:14] going up but sold off this time the sell

[02:02:16] off was big and the bounce bounce back

[02:02:19] was quick do you like it when it

[02:02:21] undercuts kind of the base that it's

[02:02:23] been forming yeah yes so like this right

[02:02:27] the it has that look and it it goes but

[02:02:30] it has that look of ball bouncing back

[02:02:32] mhm right and

[02:02:35] then this one when it squeezes all the

[02:02:38] short sellers right they have to convert

[02:02:39] it to

[02:02:47] buyers so and

[02:02:50] then next day multi-day movers um this

[02:02:53] is not kind of setup but this is like a

[02:02:55] characteristics that I see in in a chart

[02:02:59] previous

[02:03:00] day for example here right it has the

[02:03:03] previous day strength and then after

[02:03:04] hours it made a big move and then now in

[02:03:09] the next day if it tries to form a setup

[02:03:12] uh I I should enter so next day it's

[02:03:15] like a continuation

[02:03:17] bar so me and then next so yeah this

[02:03:22] kind

[02:03:23] of this is a failed one so I I'll keep

[02:03:27] everything um in the Playbook even the

[02:03:29] failed ones mhm so that

[02:03:32] uh uh I I'll just train my eyes to see

[02:03:37] and one more thing I forgot so I don't

[02:03:40] not only screenshot the trades so this

[02:03:44] is so I I have all the screenshots of uh

[02:03:48] I do here um

[02:03:52] yeah I have this kind of a even this one

[02:03:55] from SMB capital or Lance I took the the

[02:03:58] dcrs of like the everyday reviews of

[02:04:01] what I did good and I just grade myself

[02:04:04] of my performance of that day uh and

[02:04:08] then um from Lance uh actually his

[02:04:11] videos SM SMB Capital videos um he talks

[02:04:14] about this

[02:04:15] Camtasia uh software where you uh record

[02:04:18] you can record the price action right so

[02:04:22] at the end of the week what I do is I

[02:04:24] have all the trades that I took uh

[02:04:27] record on demand there think of on

[02:04:29] demand feature where um I can go to any

[02:04:34] time in the past and U just play it out

[02:04:37] right and then I record my screen on the

[02:04:40] on demand and then um I save everything

[02:04:44] here in the in the my section text me

[02:04:47] videos all the videos and uh I just like

[02:04:50] a sports person trains his high watching

[02:04:54] the tape right watching the games and

[02:04:56] then so like I just want to train myself

[02:04:58] watching the price action and then get

[02:05:01] uh trained properly get improve my chart

[02:05:05] reading skills mhm uh just for the

[02:05:08] audience I will just quickly play a

[02:05:10] video so basically it made this move um

[02:05:15] um and then towards the end of the day

[02:05:18] it starts to squeeze up mhm

[02:05:22] I just for and um I record this at three

[02:05:24] times speed on on demand and even coming

[02:05:28] to campasia I increase the speed to six

[02:05:31] times mhm so that's why the action looks

[02:05:34] so fast MH and I don't want to like wait

[02:05:38] there every bar right now I I'm training

[02:05:41] my to just look at the patterns and all

[02:05:43] those things just so within like um 12

[02:05:46] minutes I'll get to see like four five

[02:05:49] hours of tape raing chart reading

[02:05:54] one so yeah this is

[02:05:58] what and I Journal as I said I Journal

[02:06:01] heavily on my in my notes with pen and

[02:06:04] paper right um I meditate I meditate I

[02:06:08] using I use inside Timer

[02:06:11] app and I visual try to visualize to

[02:06:14] like if I I try because of my

[02:06:17] um over trading or Revenge trading uh I

[02:06:21] visualize based on that so next trade

[02:06:24] I'm going to take a loss and how I'm

[02:06:25] going to react to it that kind of

[02:06:27] visualization I try to

[02:06:31] practice and uh I want to ask you know

[02:06:33] like collecting the examples of your

[02:06:35] different setups do you have any advice

[02:06:37] for Traders who are kind of building

[02:06:38] their own Playbook anything that you

[02:06:40] found really helped you in that process

[02:06:43] yeah same thing I mean like I would say

[02:06:45] like do uh screenshot everything I would

[02:06:49] I would highly recommend the video

[02:06:51] recording uh this gives the live live

[02:06:53] experience U rather than the image of

[02:06:56] the screenshot because that doesn't uh

[02:06:59] fully I mean it it doesn't have all the

[02:07:01] details or like it doesn't know like how

[02:07:04] this this bar right when this uh low

[02:07:08] happened how we are feeling it it just

[02:07:11] in the picture we since we have the full

[02:07:13] information we we overlook this These

[02:07:15] Bars but when the in the real time when

[02:07:18] this red bar is appearing like this

[02:07:20] right we how we are feeling so we'll get

[02:07:23] all this details when the live video so

[02:07:25] I highly recommend this recording the

[02:07:28] chart patterns of your playbook

[02:07:30] definitely your uh the go-to setups and

[02:07:33] train your mind since um what I feel is

[02:07:36] I'm a technical Trader 100% and uh

[02:07:38] Technical and then I'm not focusing on

[02:07:40] fundamentals or news so I should have

[02:07:43] all that energy into this same thing

[02:07:46] like specialize specialize build the

[02:07:49] Mastery in in this one right uh since

[02:07:51] I'm excluding the other things I should

[02:07:55] be a master in this limited

[02:07:58] set and if you had to choose um and

[02:08:01] maybe you know based on your stats

[02:08:02] what's kind of uh your favorite of your

[02:08:05] setups is there one where you get much

[02:08:07] more performance than the

[02:08:09] others yeah I didn't tag uh setup based

[02:08:14] in in for my um in the Imports for the

[02:08:18] uh in the trader sync but um I would uh

[02:08:21] the clean ones are uh these ones the

[02:08:23] bull Flags mhm uh and then this U the

[02:08:28] this one the slow pull back low touch

[02:08:30] like because as you can see right my top

[02:08:33] ones are like icct like this kind of

[02:08:36] setups are like it gives me time to

[02:08:39] think to analyze the chart right at the

[02:08:41] same time they're perfect uh they have

[02:08:43] like big magnitude

[02:08:48] so and uh I would say for um to build a

[02:08:52] setup for the Traders right even these

[02:08:54] reversals I didn't have the full

[02:08:56] Playbook until now until recently um but

[02:09:00] what I did is I I kept on observing the

[02:09:04] common patterns before making a big move

[02:09:08] I was initially in the beginning I

[02:09:10] didn't understand why it made that big

[02:09:13] move before the making the big move what

[02:09:15] happened all those things so I just

[02:09:18] dumped the chart and after like 30 40

[02:09:22] charts slowly um I get to form a thesis

[02:09:27] out of it build a thesis right okay oh

[02:09:30] this is what's happening maybe now I

[02:09:32] look back and uh go through on demand

[02:09:34] and video record it and now I get more

[02:09:37] idea okay so now actually going forward

[02:09:41] this is going to be a big setup that's

[02:09:43] what I feel because the reversals right

[02:09:45] when they happen especially in small

[02:09:48] caps and low floats they going to be

[02:09:50] explosive like fin % th% moves MH within

[02:09:53] a short period of time and uh they much

[02:09:58] they the even the move is tend to be

[02:10:01] much smoother MH once once I saying once

[02:10:04] it's it out of it's out of the gate it

[02:10:07] it it won't look back so that's what I

[02:10:09] saw those kind of characteristics I need

[02:10:12] to yeah build more on that as St PR says

[02:10:16] right that deep dive deep work uh that's

[02:10:19] what helps uh yeah uh I want to continue

[02:10:23] uh what worked for me uh in the past few

[02:10:25] months and uh I want to be more

[02:10:27] disciplined more patient as I said right

[02:10:29] and uh and yeah dig even not only on the

[02:10:33] setups right I want even psychologically

[02:10:36] there is a setup within me that is right

[02:10:39] my emotions when the P there is a

[02:10:41] patterns my emotional patterns that I

[02:10:44] want to tap into and do deep dives into

[02:10:46] that and uh see where I'm know doing

[02:10:50] impulse trades

[02:10:51] those uh I feel yeah yeah so reduce the

[02:10:55] number of mistakes I feel trading is all

[02:10:58] about making mistakes and when I do less

[02:11:02] mistakes I became profitable but I still

[02:11:05] do mistakes and uh all it's all like

[02:11:08] Risk Management it's

[02:11:09] doing I want to be less stupid that's uh

[02:11:15] because yeah

[02:11:17] because as we have seen right there are

[02:11:20] so many trades where I didn't take the

[02:11:23] all the move and even though I was Prof

[02:11:26] I made big good money on that I still

[02:11:28] feel stupid after the trade it's like

[02:11:30] why didn't I left that money on the

[02:11:32] table and then um even a losing trade of

[02:11:36] obviously I feel stupid like why didn't

[02:11:39] I take why did I take this trade why

[02:11:40] didn't I analyze it properly even though

[02:11:42] I put in the work right uh and then

[02:11:45] there's this missing trades where I

[02:11:47] didn't I was fear of losing and then I

[02:11:49] didn't take the call went without me I

[02:11:51] feel

[02:11:52] stupid um and I take early profits

[02:11:56] stupid right so it's all Market making

[02:11:59] me stupid look stupid and uh if I'm the

[02:12:02] stupid I'll be profitable so that's what

[02:12:04] I want to Target into the coming ones

[02:12:07] and yeah I build more on discipline

[02:12:10] patience uh deep Dives do more of a

[02:12:13] chart patterns and uh and yeah those

[02:12:15] things yeah well I I don't know if it

[02:12:17] was Mark who said it uh I think he's

[02:12:20] tweeted some other things but uh the

[02:12:22] quote is something like uh if if you're

[02:12:25] not feeling stupid in while trading

[02:12:27] you're not managing risk properly some

[02:12:29] something like that something similar to

[02:12:30] that so and that that I think it's

[02:12:33] important to emphasize that that at the

[02:12:35] core of your strategy is your RIS

[02:12:37] management strength that's that's what

[02:12:39] that's what keeps you in the game even

[02:12:41] when you're using your position sizes

[02:12:43] and all that so um this has been really

[02:12:46] fantastic um congratulations again on

[02:12:49] your performance in in in the

[02:12:51] Championship superb um where can people

[02:12:53] reach out to you and and what what's

[02:12:55] kind of next for uh what you have

[02:12:58] planned yeah I'm reachable on Twitter um

[02:13:01] at theate

[02:13:03] goore gajala GJ L and uh yeah I am

[02:13:08] trying to help as many Traders as I can

[02:13:12] uh still learning for myself uh next

[02:13:15] plans uh I would like to

[02:13:18] like release a master class with like

[02:13:21] like one and half our video or something

[02:13:22] like that like on PDFs and our videos

[02:13:24] format in all the formats and uh make it

[02:13:27] available uh so that know they can all

[02:13:29] the Traders can take a look at it and U

[02:13:31] know then just be helpful for them um

[02:13:35] and uh yeah I want to just help and

[02:13:37] guide others as much as possible while I

[02:13:41] am learning for myself yeah perfect and

[02:13:44] what kind of general advice would you

[02:13:45] have for Traders watching this who are

[02:13:48] you're maybe they're struggling they're

[02:13:49] still trying to figure it out what would

[02:13:50] you kind of say to them sure um I mean

[02:13:53] first and foremost please focus on the

[02:13:56] execution I I um I know that we all read

[02:14:00] books do all the work um um and then

[02:14:04] coming to execution fail um that's what

[02:14:07] I did until I was not unprofitable right

[02:14:10] uh execution is the key uh I would say

[02:14:12] like we need to focus more on execution

[02:14:14] and then uh from there do the reverse

[02:14:19] methodology like now you are we are

[02:14:22] executing this level or now what I need

[02:14:25] to do to execute it better now go

[02:14:27] backwards and uh do uh so okay now I am

[02:14:31] taking the impulse trades what should I

[02:14:32] be doing or maybe my chart reading is

[02:14:34] not good or maybe um um I need to

[02:14:37] meditate I was not in a proper mindset

[02:14:39] maybe I need to meditate so go backwards

[02:14:41] and do that because it all comes down to

[02:14:43] execution at the end um and then um

[02:14:47] observe observe everything so uh I will

[02:14:51] take this moment and thank everyone out

[02:14:53] there especially like like the Legends

[02:14:55] like Mark minini right um kagi Lance Bon

[02:15:00] SMB Mike Bella for their videos right

[02:15:04] all the nice and Trader line of course

[02:15:07] for all the content stop B prep uh for

[02:15:11] his amazing tweets and videos um and

[02:15:15] then the trading coach um all the

[02:15:17] mentors like um uh what is that uh you

[02:15:21] um Trader composure youan

[02:15:23] benergy Sara for the From perspective

[02:15:26] Trader and then Jared tendler so for I

[02:15:30] actually I I don't miss out any of these

[02:15:33] people's tweets or videos or anything I

[02:15:37] even when I'm driving I listen to them

[02:15:39] right I always there will be something

[02:15:41] going on with I I listen to Marks videos

[02:15:45] like maybe like 10 20 times I just keep

[02:15:48] on listening um and yeah and then like

[02:15:51] there are so many other channels too

[02:15:53] right like chat with Traders podcast

[02:15:55] Steve Goldstein podcast ety um and then

[02:16:00] um Team syes even I follow all the

[02:16:02] students like Kyle Williams he is a

[02:16:04] short short short short ster but uh I

[02:16:08] follow his monthly videos like I want to

[02:16:11] see like what how he deals with the with

[02:16:15] this draw Downs or how he does that all

[02:16:17] that so um there is so much of content

[02:16:20] out there and and

[02:16:22] uh but still the people right uh they

[02:16:25] keep on asking the questions I think the

[02:16:27] answer is within ourselves it's

[02:16:31] whatever I have said so far any other

[02:16:33] person said so far in the interviews

[02:16:35] it's already done and there so it's

[02:16:37] already available in the

[02:16:39] world there is no uh just observe and

[02:16:42] consume as much as possible as Marx say

[02:16:45] we need to all just shut up and listen

[02:16:48] and take everything out there which is

[02:16:50] already there I'm just repeating here

[02:16:52] which is already told 100 times in the

[02:16:54] previous interviews and all I'm not

[02:16:56] nothing I'm not telling anything new

[02:16:58] here right I'm just telling my version

[02:17:00] of it but it's already there the truth

[02:17:02] is there so just observe and ask the

[02:17:05] question yourselves the answer is within

[02:17:08] you just dig deep within you not only

[02:17:11] the patterns right we need to dig within

[02:17:12] ourselves deep and see what what is uh

[02:17:15] stopping us and um I would say like

[02:17:18] don't be biased with yourself like uh

[02:17:21] we as humans right I tend to find

[02:17:24] mistakes easily with other people but I

[02:17:27] don't find my mistakes that easy but the

[02:17:30] for sure right I thought myself I I I

[02:17:32] was thinking that I was a very

[02:17:35] emotionless person or like very egoless

[02:17:38] person or I have zero ego zero greed or

[02:17:41] zero fear I'm that kind of person before

[02:17:44] coming to trading I was like oh perfect

[02:17:46] human being after coming to trading I

[02:17:50] came to know what go more myself like I

[02:17:52] have all these qualities well within me

[02:17:56] uh so yeah I the problem is me it's not

[02:18:00] there out there so just looking look

[02:18:03] within you and you'll find

[02:18:05] answers well gon thank you again for

[02:18:08] your time excuse me and I I really

[02:18:10] enjoyed this I I think it is a bit

[02:18:13] different and and adds a lot to to what

[02:18:15] other people have have uh talked about

[02:18:17] before so thank you again for taking the

[02:18:19] time building that presentation all that

[02:18:21] uh I really appreciate it and I really

[02:18:22] enjoyed this uh to everybody watching I

[02:18:24] I hope you guys got a lot out of this as

[02:18:26] well uh again I think you know this

[02:18:28] applies to all time frames a lot of the

[02:18:30] concepts that we we talked about today

[02:18:33] uh so if you did enjoy this please go

[02:18:34] ahead and leave a like down below uh

[02:18:36] subscribe for more interviews just like

[02:18:38] this one um and we'll see you guys in

[02:18:40] future videos Take Care thank you

[02:18:49] [Music]

[02:18:55] no