Mastering Momentum Trading Ideal Market Conditions For Growth Stocks

TITLE: Mastering Momentum Trading - Ideal Market Conditions for Trading Growth Stocks CHANNEL: TraderLion DATE: 2024-11-12 URL: https://youtu.be/SRagU097Mvs ---TRANSCRIPT--- we can be selective about what we buy and you can’t you can’t buy everything and uh you shouldn’t buy everything you got to be concentrated if you don’t feel stupid you know once in a while trading I don’t know you’re you’re not trading then I mean this this is going to happen you everything can set up and they just dump it out some random funds change their mind entirely right you know things change over time you can’t predict that think about how you actually trade and make that your real Universe maybe you’re not honest with yourself and that’s all you do trade you trade spec bios okay fine make it all biotech if that’s all you trade then that’s your history Instagram you know small small names moving fast that’s the time to compound your account the best in my view and you got to do it incrementally and carefully with gains and it can be choppy on the way out so you kind of have to be aggressive about getting in and out making sure you’re in on the move right I’m just waiting for any kind of a turn uh trying to get back

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in okay welcome back everybody uh it’s my honor to introduce our next presenter at the Trad line conference Leif Sera uh really looking forward to this uh as you guys know he’s the US investing champion of 2019 a difficult year for grow stock trading and he’s uh you know done many podcasts with us previously an amazing educator Trader as well um a lot of the kind of price and volume nuances that I look for in charts I learned in those initial uh interviews so uh lave thank you so much for being a part of this and really looking forward to diving into this topic uh you know basically how to fish in the right spot uh I think is kind of what you’re you’re conveying today today so so welcome and thanks for being here thanks for having me it’s an honor as always uh you know we’re I’m trying to bring something new to the table this year we’re trying to focus on you know creating your universe and kind of I wouldn’t say put the math to it but sort of put the amount of stocks that are in your Universe into a histogram I’ve seen uh you know people start to use this and not even doing it exactly the way I do it uh but you know making it a similar histogram saying okay this is setting up for me you know and I’ll show you how how I trade it you know what kind of Clues it gives me uh is it helps me kind of press it when the swing trading is hot and and turn it off when it’s cool so it’s a it’s a great indicator to use perfect well let’s dive in or did you want to start with this quote here from Stephen Hawking no that’s I don’t know it’s okay we’ll skip it let’s go into I guess I have a slide just introducing sort of the background for me obviously this is this is my family um father of four and obviously I always tell everybody max out on the kids whatever number that is for you for us it happens to be four and uh we’re very busy you know time is uh precious and uh Richard’s got a hundred jobs and no kids so now is the time to sort of get yourself to you know get there before you have all these and uh you know that was that that been my path and I I I settle down and do this do trade just trading like exclusively for the most part now uh won the US investing championship and you know it’s helped me kind of reach out to other Traders and even talk to some of these influences I have personally uh obviously William O’Neal is the it’s all sort of based around that so he’s like the main guy uh he passed away recently and then we still have Mike Webster and David Ryan uh they’re on IBD live quite a bit and I’ve had the honor of uh you know kind of talking to them a little bit there uh Stan Weinstein for stage analysis and interven for early entries and like his Trend template idea is an influence for what I’m about to talk about too and zanger for you know volume and chart patterns so um just a little bit of fun before everybody falls asleep I know was looking at a lot of these videos here but you know we we have this thing called the significant other indicator and you know sometimes you got to fade yourself right so if you start running around telling everybody you know you tell your your your spouse say oh I did it honey it’s a it’s going to be great year like that’s that’s the time to sort of uh mind your risk you know work on your signal and at least you know maybe sell a little bit or adjust your stop something like that so is there a reverse signicant other indicators like when we’ve been basing for a long time correcting is there some well there’s there’s the reverse one right too so you tell tell your wife like oh I don’t know it’s you know this I’m never going to make it and you want to quit which is you know everybody gets there at some point uh but that’s you got to have that no quit attitude too we’re going to talk talk about that is uh we we have a I’m talk about Leos who he did a talk with you and one of the last things he said is never quit and he had a tough Journey I’m going to get there I’m getting ahead of myself uh but you got to know when to sell and you do have to sell at some point or at least uh you know take partials and um you’re your own indicator you you know are you giddy are you are you too excited and um in the other way you know if you think you’re never going to do it that’s the time to start looking at what’s setting up maybe right and maybe you’re missing something so anyway just a little fun little slide there but uh the first things first I mean I always say trading is sort of a lonely Venture for a lot of people and that’s why a lot of people quit and all that so I’m all about the educational platforms I’ve subscribed to several um now I work on my own obviously exclusively but it’s great for idea generation and really everyone learns somewhere and you know even the people that’s knock the services they’ll let it slip where they learn and what service they learn from so you got to take that um consider that you know a champion team Trading we do uh we really do word of mouth I don’t advertise anywhere so we just kind of want a great trading environment with like-minded Traders so you kind of get what I’m doing already and you show up then you’re going to be in good shape and we’re not listening to crazy stuff we’re listening we’re very focused and that’s what’s you want to be around a focused group even if it’s not with us you want to trade your style and don’t have a hundred different styles going at once because you kind of get random results with you know random uh you know methods and stuff so but anyway part of that is uh you know Leos we’re honored to have him on the champion team uh you you did a great talk with him Richard and you know one of the things he said like I was saying is you know you never quit he had a bumpy Journey but you know he’s up 300% plus you know lead leading the contest or at least close to it you know he’s top top one or two um so you know it it can be done this is this is he’s an example of that he’s done you know M Master Trader and then he trades with me at CTT like a lot of people uh it’s it’s key to be around you know like-minded Traders and have this kind of motivation like you can do it but it’s not a typical result right so I don’t want to say I’m I’m not the guy that’s kind of uh promoting you know huge returns and you’re gonna have cars and all the lifestyle stuff uh because I think it is a grind and if you show up with that attitude and I’m on you know we’re on red signal it’s all about risk management or something um you might not understand it like it takes it takes some time to get there too so you don’t want to be in the market all the time anyway so kind of have to dial things back when things aren’t working impr press when it is and you got to be concentrated you know Leos does that two to eight stocks 25% positions on margin you know you got to do margin if you want to win a contest uh you know and you got to watch your draw down so that’s him but anyway so he trades our universe so just to tie it together we’re talking about the universe that we trade here uh we want stocks in uptrends the stage two criteria obviously that’s you know Stan Weinstein’s idea and uh you know like the the trend templates from interven you want to stick with something like that but you know we add a bunch of qualifiers with you know liquidity average daily range things like that then you get you know what’s in your what’s in your system and sometimes you know we do uh kind of break the not really break the rules but we do add IPO uh you know because they’re not they don’t have the time they don’t have 200 days of trading and they can be rewarding so you want to be you want to be flexible to add those to your system but you want to take a look at what’s setting up overall and that’s going to end up in the histogram and you want to see are there more stocks or less setting up for for your style and there can be false signals too or choppy periods uh but you know we’re going to go over that but you got to Define your universe and say no to some stocks you know just say no right so you don’t have to trade everything with a nice chart pattern and I always say you know kind of think beyond the pattern that’s sort of the our catchphrase I guess and I’m sure someone’s used it but we’re gonna we’re going to borrow it uh it’s pretty much all this stuff is has been done it’s just everyone’s way of looking at it is different and you’re going to see uh everyone has their little you know things they favor and such so um anyway so when you’re looking at the stocks in your Universe you want to make sure you’re selective right you don’t want to just trade any stock just because it has a pattern uh you know especially if you don’t understand it like some highly speculative biotech stock with with no earnings uh that’s kind of a random stock and uh if you don’t get it you know you you probably want to trade it small if at all if it’s just no earnings and it’s hard to understand what it is and you don’t get it prer something that you think is a leader look for increasing fund ownership and volume of course stick to Quality like I said trade random stocks expect random results right I mean if it’s not a leader leader is almost the key right you want to trade a leader uh you what is a leader that’s a whole different presentation but you know you have to work on that so we we can be selective about what we buy and you can’t you can’t buy everything and uh you shouldn’t buy everything you got to be concentrated so uh so sort of the ideal Universe when you look at all the stocks setting up for your criteria uh this is a look back you know in June and things looked pretty good then uh technology was leading energy was you know I think the next day barely on here that’s sort of the spread I want to see I want to see Tech growth leading uh so it’s just a quick breakdown of that a recent thing so we want to see energy falling off and that has to do with inflation and recent trading and such if the money kind of rotates to energy when it comes out of growth you see energy going up and Tech going going down that’s kind of a problem and these are all you know keys to looking you know looking into what’s setting up for your style and this is that breakdown here you see Tech the sectors the top left is Tech is leading Energy’s at the bottom so that’s kind of Ideal until it’s not right that could be exactly when it starts to change and then you can also look at the market cap breakdown whether you’re trading large caps or you know small caps weren’t really breaking out yet I mean small caps recently took off and uh you know look at the country breakdowns and the industry breakdowns um you know so biotech software leading semis leading it’s kind of a kind of a good a good mix there while while things were kind of hot there for a minute and then fast forward to um July 22nd you have uh technology sliding right it’s now it’s number three so that tends to you know no matter what the index is doing your stocks in Trend the the growth stocks are kind of uh falling apart there and we’re sort of adding Regional Banks like Regional Banks aren’t exactly what I swing trade I really don’t want to swing trade them at all even though they they recently had a good move but they’ve been asleep for for the longest time and you know they made nice spaces some of them but if you missed it almost day one when they all kind of broke out you know then you’re you’re buying the laggards and you’re getting limited gains and you’re risking you know 5% to make 5% maybe so it’s just kind of a not not the groups not the groups I want to trade suddenly when the when the growth stuff falls down financials pop up but then you just have to adjust you can do some trading in those that the ones that are setting up we’re in APO recently and things like that so but take a look at the the breakdown this is going back to June uh you know stocks that are setting up for us that meet our criteria that you know kind of the performance versus the S&P 500 they really outperform so these are the real movers that we look at um so you you can see that that difference there you know that that’s what you you want to be trading the ones that are the strongest in the market that’s where you end up when you have stocks in Trend you know that are you know you got the 50 over the 150 over the 200 you’re going to see those right sides of the bases uh tighten up and not have random choppy charts and one of the things I don’t have a slide about it but I’ve been saying stage two transitions are choppier than the textbooks right I mean you don’t if the 200 day is flat you don’t you know you’re always trying to time the turns where starts to move but it it’s got to start moving we want to see stocks that are typically trending first so the moving averages are rising so that’s how you get the good right side development look for those uh decent pivots and tight areas cup and handles and such so anyway so when we plot this histogram we we kind of look at it a few a few ways you know the 21 EMA we find captures kind of the the move uh you know but you can have a false signal a false mover a difficult move you know if it’s all regional Banks it’s a a tough thing then but you know you want to see uh you don’t want to see huge liquidations when you see all the stocks in Trend really fall out of bed very quickly like we had something like that in April so that was sort of something we we had to sidestep very quickly uh but then it Consolidated and then kind of started pressing out again so uh we’re able to get involved um so kind of waiting on a you know waiting for confirmation you can be kind of late you got to look at the stocks also you can’t just look at this and say I’m just going to go all in and you kind of have to get in incrementally obviously uh you know buying the stocks as they’re breaking out looking to the groups that are setting up and such uh and and the mix that’s moving up in in the stocks in Trend like if you’re Tech if you’re trying to buy tech stocks and they’re moving down you’re you’re probably having a hard time even if these are even if the more and more stocks are entering entering the trend uh because they’re Regional Banks or whatever so anyway so you want to look at some ETFs for verification so recently we had a very nice uh looking Trend but it was mostly because Regional Banks were being added in the small caps uh and it wasn’t a lot of the small cap growth that was working so was one of the more interesting spots in the last few weeks where we see the fft sort of making almost the spirit of I borrow this from Mike Webster I told him this last time we talked uh sort of a head and shoulders look to it and then I think it got even worse from here this is from you know a week or two ago uh so if that’s going down where the trend count is going higher these are handpicked 50 stocks from IBD you’re going to find the the growth leaders in there and if those are falling apart and your histogram is rising but you’re trading these type of stocks you kind of have a false signal so you got to be careful for that it’s kind of an interesting uh thing that we we sort of sort of planned this and um this is actually what happened so now we have something uh sort of to show a recent sort of false signal uh where kind of Mega caps are kind of all rolled over and the regional Banks and stuff that we don’t really like popped into the trend there so anyway so uh some more false signal talk we know this is regional Banks popping and the fft those those IBD 50 stocks are are not doing anything so uh unless you’re going to move to the regional Banks very quickly you’re you’re not really going to get much out of this uh this Divergence here kind of a false signal for the types of stocks we we trade and you’ll see it was even home builders were part of this running right up the right sides with kind of no valid buy points so all all those the count for those Row the count for regional banks rose and some of those were buyable I’m just going to say I wasn’t really too interested in them and they just all kind of broke out one day so I missed some of those and uh you know you don’t want to be in the market the entire time anyways you’re going to catch those choppy periods uh but we do want to let some stuff Trend you know you want to sell some in the strength and let them Trend and if things can hold all the moving averages and such so but basically since the you know post pandemic highs it’s been a relatively thin Market but there’s been plenty of good opportunities and that’s what we’ve capitalized on and you can see Leo up 300% just trading all the stuff we look at everything in in the uh that’s on the histagram there so here’s a little math to it uh and this is the point of our platform we have someone that is I say he’s a genius basically organizes all our stuff can do all this all these things you know most of the time you’re going to have like 123 stocks and when you’re down to five that’s means you’re pretty much out of the market and if you’re on your way to a thousand like the covid highs um you want to be involved with that but you know watch the uh you know look for the exit you know because you’re you’re way overbought uh you know right now we have over 400 or so so it’s I think it’s like 11% of the time is something like where we’re at now so it’s a little elevated but that’s a lot of regional Banks and they’re moving fast too so that’s that’s kind of puts them in the trend there so uh yeah so I mean that that this is just kind of the stats behind it so and uh you know more of the universe kind of back looking back you see it kind of chopping when you kind of get to the highs you can look to uh you know sell some into strength and then you kind of miss these these drops too so it kind of helps that way and you’re following the 21 EMA so so uh sorry just jumping in before you probably will address this but just in general here you’re kind of looking to get aggressive when it makes that turn above the 21 EMA and we start to see it trending above it yeah usually you’re going to need a a consolidation first so you can see here in April on the right side it really fell out of bed there and then it Consolidated a little bit for you know seven bars or so and then stock starts setting up and moving that’s that’s when you’re getting aggressive uh going back to last year things were falling apart all the way until the end of the year to November and then stuff started coming up off the lows but that’s not setting up proper right sides of the bases you need a little bit of time so even if it just kind of goes straight up you do need a little consolidation let things set up and some of the stocks are going to set up during that pullback and that’s going to be something like Nvidia uh it went on to you know as this was declining here we’re going to show that um it’s sort of like a relative strength indicator versus the market you see you see the the trend falling apart stocks you know selling offer way down to I don’t know what are the 20 stocks that are even in the trend there and then they start pumping up again then you have something like Nvidia here during that period um showed relative strength kind of you know while all these are falling apart like I was saying and then it kind of resumed its you know you started basing that right side looked looks really good and then it then it took off and went for a double from there and uh I think we only caught a little piece of it but we’ve been trading you know avgo and similar names so uh you know growth versus value is a it’s kind of an important uh important thing to match against the histogram if growth is not leading value like you we have a recent sort of selloff this is last week or something growth kind of broke down versus value with more stocks and Trends this sort of a fall sign you got to keep your eye on growth I mean that’s really that’s really the key um you know as long as the the relationship is consolidating or or Rising growth winning right that’s you want to be probably trading swing trading harder harder to the growth side with more size as things are rolling over growth is losing to Value you’re probably going to have a difficult time and you’re got to downgrade your signal and that’s a little bit of Thinking Beyond the pattern when you get your patterns and uh you know maybe you see something setting up but you got to recognize you know when things are not working and growth is getting invested by value uh you know beginners kind of focus on chart patterns and think there you know that’s the key to everything but we kind of layer our odds onto you know a chart pattern that sets up based on you know what is the group doing is are more of these stocks entering the trend and things like that um and you got to learn what a proper base is and the right side of the base development you know the tight areas you know you always want to kind of cup and handle trade like a vcp same same similar idea tightening throughout the base uh you know shakeouts are meaningful all this there all the little things you got to learn and it takes years years to do it uh you want you want weak hands out this isn’t on the slide I’m just saying a couple things here off the Dome to go if if you’re a new Trader there there’s so many little nuances that you have to find out you know that that make you money right you get a 50-day test with a ShakeOut recapture all all that kind of stuff you got to you got to find your setups um you know in tight areas are really just a key to understanding supply and demand you know you you know that’s what a base is you just want the supply uh to kind of work its way through the right side when demand starts to increase and there’s no Supply left and you get your breakout that’s what we’re looking for so uh you know you want the good patterns to lead you to the groups that are setting up you’re going to find the leaders right that’s you want the leader the one the top one or two stocks in the group and kind of Target those and you got to be patient you know sometimes you’re not going to get them you can play some similar names but ultimately you want the nvidias and you know avgs and stuff like that so uh and you want to recognize when breakouts have that lower odds of success is it institutional Demand right going to your breakout Point uh we’re trading something I was looking at something today and we got it out at eight% I was seeing a lot of buying in inside before the buy point so that to me that was you know real buyers stepping up not not people looking for some kind of a daily time frame trigger which is what I use but I was seeing that ahead of it and that was good for sell some up 8% plus you know for for a single buy um so you know sometimes and then sometimes the earnings paits create the tight area so you look at a tight area and you want to buy it but just waiting for earnings you know if there’s nothing there it’s not even a supply and demand thing just sometimes I think it’s just a pause so you got to consider that too uh yeah ultimately stocks are going to guide you if you’re you know if you get more if you’re making more money just you got to size up that’s that’s really what what it’s all about you’re going to catch your runs you don’t want to give it back that’s the main thing so and then we we try to work on our edges uh you know I’m not I’m not a big poker player but I do a couple charity things once in a while uh this is uh scene from rounders with his name it’s John malkovich’s character his name KGB here um you know it takes takes years of screen time you know seat time really uh to to line up all these techniques just kind of improve your odds and know them on the fly right you know real-time trading is way different than the hindsight stuff that everybody you know you see on Twitter and all that U so we’re we’re working on and making notes about what’s what’s setting up before it does so we know what to do and have at least what we feel are some better odds they’re not all going to work you know so uh you got to be okay where are you wrong and all that stuff uh but this scene was a little dramatic you know they’re not all tells aren’t this obvious of a guy flipping an Oreo around right giving away his that he’s you know bluffing or whatever he was doing there um you know a top level of poker players it’s more of like a small shift in the seat or chair or whatever it’s more of a tell something real subtle um you know so this is his theatrical version of that so you see it uh but you know subtle edges in in stocks if if you’re not thinking about it you’re only going to see it in hindsight so you kind of have to know what to look for um you know you got to recognize sort of the the liquidation of weak holders as an edge you you get your swing Traders out of the way I’d prefer if no swing Trader was involved in any stock I buy I want to see real buyers because they’re not selling up five 10% they’re holding it so you want to see real heavy buying you want to see that inside the bases sometimes uh you need to look for Clues look for the big big volume bars uh along the way see the footprints and such uh but you know if swing Traders are less involved or they got shaken out then I’m more interested right so and there’s a trade at the end of this we’re going to show that that we capitalize on that for quick double digits and just took the profits but um you know you got to review your past trades winners and losers of course and it’ll it’ll help you spot you know what you’re doing wrong you know are you chasing stocks are you too aggressive are you you know when things are when the Market’s not working are are you pushing too hard um yeah and don’t forget to look at similar names you know with in a stock that you’re buying you got to have some some Clues and some tells are they moving right you know what are the market conditions and all that so that’s the uh edges are subtle all right so we did uh avgo is a trade here so we had some requests on Twitter X you can find me there uh people wanted a couple successful trades and you know I think an appropriate one was avgo to show here we got this one a little over 600 on a turn with a 2% risk and you know went went that kind of rise and we sold and traded again I even tried to short it and scratched it and you know I don’t have that up here but we did it we did this twice um and and I’m trying to get back in this one again so you’re kind of thinking about this in terms of all the AI stocks were setting up and this was setting up so you know that that’s really the edge I mean there there’s something going on there in the theme is there a theme um the end and Canim what’s new there like I’m trying to do the n and canceling what’s new about Leaf’s trading right this is sort of the idea of the histogram I want to show and I’ve always kind of used that idea of you know how many stocks are in a trend count and stuff like that but uh putting some math to it makes sense and um you know a couple other edges you know you’re looking for mini shakeouts like I was saying compare three stocks if avjo is going to work Nvidia is probably going to do something and similar names uh you know you got to fade the group think to uh you know is if everyone saying Invidia overvalued um you know I don’t know but there was somebody that wanted to do a talk with me saying Nvidia is something Nvidia is constantly you I was like well I don’t think I don’t know what that is what that’s all about not for me so uh passed on that one but uh Nvidia being you know everybody thinking this overvalued is is an edge if it sets up again you know you have to fade that group thing basically so uh anyway be quick to Target setups that held up well after a sell off that’s kind of the relative strength idea um you want you want to sense if it’s real buyers or just breakout buyers and doesn’t matter sometimes it does sometimes the breakout buyers and know there’s no more Supply left and the breakout buyers are moving it up and the institutions come in and Chase it then you’re in luck for that kind of trading but you do want to see the footprints on the way out so and that’s all about volume this is what I’m saying here so on an intraday basis sorry to jump up the question yeah yeah go ahead what are you looking for just big volume bars on an intraday basis to suggest that you know there’s institutional Traders involved before it gets to that Pivot Point what are you kind of looking for on that chart yeah I mean I’m just you’re following a stock probably for a couple days uh there was one that I traded today and I start I was starting to see a bunch of excitement buying and it was just trading inside so that was a clue like you know who’s all of a sudden decided that they just have to have this and it was they’re buying it pretty heavy and then it broke out on the daily time frame over the prior High which is what what I use I use the daily time frame but I’ll look in day uh as that broke out you know that that went 8% we took a profit scale already because um just the signal is a little difficult but you know things are setting up but uh that that led me to buy it I I almost didn’t want to buy it but it just you know that’s the thing you’re sitting there and everyone’s probably thinking what I’m thinking you know I don’t want to buy this it’s kind of choppy market and all that and then you see them coming after it that’s that’s sort of the what I’m saying you have to see it though intraday to see the heavy volume coming in just I I assume it was institution or something so maybe and I was probably right because it did it did break out and you can only guess sometimes it’s it could be breakout buyers trying to front run a breakout and doesn’t do anything so there’s all kinds of uh landmines you can step on to where you’re wrong and your your judgment is totally wrong so but that’s what the risk managements for uh if you if you keep R running into some kind of false breakout you’re obviously going to have to dial it back you know so that’s that’s that but yeah that’s a good question and that’s something that you’re going to get to uh it’s that’s more of an art there’s no formula just if you’re watching something intraday as you traded it and I’m I’m going to show this one later actually uh and it may blow out and have to stop even on it too I mean but it it did stay out so that’s what we’re looking for and that’s more art than science and you have to kind of listen to the volume in a way don’t actually need a audio but you know you got to you got to feel it so yeah that’s why we have the big speaker here so you can you can feel that but sometimes the opposite sort of uh is Meaningful and we’ve talked about reverse pocket pivot idea where you have this kind of minuscule volume and you know on a horrible selloff for growth you know one of the things you can do is look for the stocks that we’re trading on the lowest of all volum in that Universe right so you’re looking at your Universe list and say sort by relative volume we’re not sort sorting by total volume you look at that later but you want to see what was just you know tiny trickle of volume and because the sellers weren’t excited to take it down that’s kind of something important to to look at and then when things set up again that one you see there was no sellers so say there is another selloff they didn’t want to sell it off in the first place they didn’t show up to do that so you have better odds they they already showed their hand that they’re not selling it down if that makes sense so you want to maybe revisit or at least move that stock up on the uh you know on your watch list or Focus list in in your ranking anyway so but like I was saying kind of high volume inside the pivot uh when it’s moving to a buy point I’m thinking most of the time I’m thinking that’s institutional volume like I was saying um now I don’t want to repeat myself but you know trying to get the the nuances here yeah uh yeah high volume sell-offs in a stock that closes in the upper part of its candle can mean support like a ShakeOut we’re going to look at sky West it was a nice shake out that’s what I keep referring to at the 50 and then recapture and then turned up um you know big volume right the buy point it could be Traders but institutions like I’m saying they ran out of Supply they gota you know they got to get what they’re not done buying so they’re going to go with it um so that’s the key you know you want to ride that and they don’t all Buy in one day so anyway so a little bit of a technical stuff here you see stock that’s in our universe Sky West you know like a smaller Airline and I was saying back here in the first base like these guys are small enough to get bought and then they started trading really well um so we bought it ahead of earnings and I think sold it into March and got back into it on this after this ShakeOut so we got a ShakeOut and and it traded tight on the 50 and then it turned and that’s what I’m using the uh the daily time frame turn over the previous high off the 50 and this sort of uh you know William O’Neal studies you know show that the first one or two pullbacks to the 50 uh 50 simple moving average in a leader are kind of viable and uh I talked with Mike Webster and IBD live recently about this which is like I’m saying how cool is that right so I mean that’s sort of why I do all this stuff I mean I get to get to do stuff like that you know because I’m a fan of all of all these guys too right I’m I’m trying to emulate their what they do and uh put my own little spin on it I’m not Reinventing the wheel here but we’re we’re trying to to put it all together in in a in a system that U works and sort of journaling like the whole platform we use is a just a big Journal right so you know where journaling at least the chart patterns and such um so yeah he’s he agreed that you know these first touches so we’re we working on that more of that this year pullbacks the 50 and turns we’re doing a lot of that uh in leaders and and this stays in your Universe this stock just on the list constantly that’s a sign that something you want to get involved with when it does pull back to the 50 I mean I missed the one in April for whatever reason probably because it was going into earnings I didn’t buy it there but you know I waited uh till after I don’t like to go too close to earnings as everybody knows but um so yeah that’s the edge you get that shake out and recapture so you know everybody that was using the 50-day as as a stop probably got out and then you you’re quiet and tight and then you’re you’re turning up and we just sold it into you know double digit strength there and let it work itself out in fact the group is kind of telling us it’s maybe not the best the groups are kind of declining even with oil coming down instead of going up maybe some recession fears and things like that so um yeah like I said if it keeps staying on your Universe list that can be a clue itself and that’s where you you want to sort of find your way in there’s a few ways to do it obviously you’re not getting a a fully developed base but you’re catching part of the trend off these 50 turns so all right so another thing we do is I like this this buy we did here Li we we we just kind of sold this up into strength maybe a couple days later uh this is the initial look at it we did this this slide a while back it’s sort of a n so we look at something like we call like just a pivot reset you know there sort of a false breakout here um at this this you can see my Mouse on there I don’t know which one yeah yeah so you can see this here sort of a false breakout a lot of Traders won’t get re-involved with that or involved with that again so we looked for that to tighten up and then we bought that you know taken out the prior daily high and that just went right in the money so we look at those as sort of shakeouts also right it’s like a false breakout but it didn’t break down it didn’t break the uh the 21 EMA uh and trade rather tight you got the kind of double bottom pattern recognition on there which we like to see and then just just tight tight handle flagging out there um so that’s the reset it reset rather nicely and I think it just comes off everybody’s list really and you got to kind of be sharp with it and that’s the spot I don’t think a lot of people would play but we we’ve got that really right so I think it’s worth sort of an example we get them wrong too don’t get me wrong but you want to see what what you can do uh you know this this is what we look for and uh this is sort of the second mouse gets the cheese setup we talk a lot about that uh sometimes we’ll let a few go and uh it’ll just end up like this you just revisit it when everybody’s already out of it all the swing Traders moved on to other names and then you’re back in the game with something that everybody took their eyes off of and there’s real buying behind it real support there so and the same stock I just have more notes here it’s all about the right side of the base I mean obviously this is rather tight despite it you know sort of a false move uh so you have to sort of be willing to do what maybe other Traders aren’t willing to do and one of the ways we measure this with um with math is average true range you want to see that declining into your into your buy Point basically and like any kind of vcp is probably going to show that so there is math behind it you can scan for um you know average true range that’s kind of lower now than it was you could say however many days ago 14 days or whatever um so yeah double bottoms are great we like that ShakeOut shakeouts are good so I did get a little undercut there and set up after this kind of a you know earnings uh malfunction bar there as I call it so that this is sort of what we’re looking for and it’s sort of a subtle Edge to to be able to think like this this is just the start of it there’s a lot more to it even relative strength line other things uh group you look at the group obviously other uh related names and such were all setting up so it was kind of a easy Buy in a way and uh so one of the things I like to do is so this I looked at the the Bitcoin so this was my most profitable trade of the year um so far trading it in February we treated like an IPO base and I was using the spot chart um and we’re trying it again I might have to just you know size back if it comes back in on me and we tried it again uh in may we sold it into this kind of basing area and uh you know it’s working on a new base there’s a ethereum ETFs out now and this you know it’s a a trump play I think you know he’s polling high so you know he’s for crypto I think there’s there’s as many as a 100 million people that own crypto so I think you know they’re they’re going to be Pro crypto because they want the votes obviously that’ll be kind of a not a great move to be against 100 million people’s wallet I mean people vote with their wallet right so um that’s something to consider so we we’re putting a couple things together there uh and we got to revisit the stocks and double down on them that’s the whole point of stocks in your Universe like Sky West you know we go back to this one we got it here we got it there uh you double down so some of this is not ideal buy points we’re playing momentum on the the right side here trying to catch you know trying to catch the move up through the 50 uh so once once I get very profitable in a trade I’m more comfortable more aggressive with it I’ll go back and try to find a spot I think will work so the second try was you know lightly profitable not not like the first one this last try to be continued we’ll see we’ll see what it does um and IPOs are sort of the only item will manually add to the stock universe and this is I mean obviously Bitcoin is not an IPO but we treated it like one so we went down to the like the 60 Minute chart and what we do for those is we sort of cut them all in half half the uh the time frames criterias and stuff so couple of requests for like some some of the model trades we’re working on this year Eli Lily we did pretty well we got we got um spot in January and then you’re right at the end of the base there in May and uh sold it on that on that break there kind of around the 21 EMA avoided 4% more to the downside and and now we’re trying it off the 21 and it turn it’s a little aggressive because the volume down is pretty heavy and hard but um you know the all the megas and you know sold off together there and they they appear to be to be bottoming at that point so we’re willing to give it a try to kind of That Swing Low of that area there so it’s got real earnings you can be bigger in it so this is why this is rather profitable for me uh for for the year you you can get a lot of size and a big liquid name um you know really putting all your money in a speculative biotech I mean you could have a big win out of it but you know you’re you’re life savings could be cut in half very quickly if you did something like that so you got to position size correctly and make sure you’re buying stuff that doesn’t really have too many trap doors where you could wake up in the morning be down 50% or you know that’s why we we don’t go with some of the Chinese names because they there was some you know luck in coffees and things like that I never got caught in them but I used I did trade some of that and then to see something like that just go to zero it’s definitely uh you know something we want to avoid so you want to trade the the kind of liquid name if you can and when they set up get more size and you know take your pieces out of it and uh we recently did have a rather thin market so the megas were kind of working until about two weeks ago when it’s kind of um or a week ago when it kind of broke down there so um anyway so more of the more of the model trades like we went over avgo that was the spot here back in May uh we even tried a short that I ended up scratching for you know hardly any loss there but uh Revisited the this this turn here uh it’s an earnings pivot this is something that call an earnings pivot it was on earnings taking out the prior high on on a pullback and that really moved really well the last the last one we got it got it well in the money and round tripped us and then it took off without us and that happens you’re GNA you’re going to feel if you don’t feel stupid you know once in a while trading I don’t know you’re you’re not trading that I mean this this is going to happen you know everything can set up and they just dump it out some random funds change their mind entirely right you know things change over time you can’t predict that if you if you could you’d own everything you’d have all assets you own everything in the entire world basically so you can only you can only take your pieces out of this stuff and protect yourself from the downside like that could have rolled over there down to the 200 and it just happened to turn up there but right into earnings I wasn’t willing to buy that turn because I wasn’t expecting you know double digit move right into earnings so that that was a tricky spot uh and then you get more copy but I’m trying to get aggressive and a leader when things start firming up taking a little piece here see if we can get something to work um and that that was uh this is Tuesday here to find that spot so anyway High tight Flags is sort of what I’m known for I guess so you know we’re going to go over a couple of these and uh Richard you want to tease it out the master class yeah uh stay tuned as well you know uh Le doesn’t an amazing job trading these and we’re going to be doing kind of a special uh webinar uh you know covering you know exactly what to look for and how he trades them so uh we don’t have the final details yet but if you’re interested in that just keep an eye out uh we’ll be letting you guys know but um yeah Leia this is your bread and butter your specialty this is what you were known for back in 2019 2020 and and you got you do it a fantastic job picking the right spots um training them so uh yeah I I look forward to it that’s what we have to figure out put it all down into a master class and all all the little nuances and stuff yeah the first things first I mean this is like a look at Celsius uh energy drink and the n in can slim is a very important thing for high tight Flags what’s new about it it’s got to have something something going on there if you’re going to go up 100% And then go up another 100% And what was new there is they just had a whole popular I wouldn’t say a new category but they had the number one energy drink on Amazon at least and uh I thought it was okay tried it you know it’s set up you know you get you get some volume on on the buy Spot there and I’m selling it in strength there of course and this ended up going to 100 so you can also keep it you know but if you’re a swing Trader you’re probably in and out more there’s there’s several spots along the way and uh if you don’t really find this spot like I was saying you get aggressive with something that you’re if you made the most money on this on this trade for the year then you should be very aggressive on the next spot even if it’s not exactly textbook perfect uh that’s what I’m trying to say so because you can let it fly and you kind of have the the temperature of the stock and the you know you’re kind of in in step with it anyway most likely if if you made real money on it so the high tight flag what it is is you typically want to see kind of a dormant State and then all of a sudden everybody realizes hey this drink is is hot goes up you know 90% at least in 8 weeks or less corrects 25% or less uh you know and that kind of qualifies as a high tight flag and I talked to Mike Webster a lot about this a little bit and you know the spirit of one also kind of matters you don’t want to necessarily well that that’s more for the master class but you know you get something it’s 27% instead of 25 but you might let it slide if it’s kind of to the end of the time frame we like and it’s up way over 100% probably you know two 300 400% or more you’re you’re not going to get exact measurements out of something that that moved I’ve seen go 800% in the you know during the co get some move 800% and then you’re setting up and you’re worried about 2% you know with the ruler and all that right sometimes the spirit is the most important thing too so I don’t want want to go through the whole master class but this is just a little preview of that and there’s there’s a couple things I do also we we like the power if a stock like this is in our universe to try to tie this presentation together to make sense these high tight flags are in our universe like it’s always going to be like this you see the right side you get the trending 200 you know all the moving averages look great right so they’re all they’re all trending this is what it’s going to look like when you get a high tight flag in a stock in Trend and um you know since then I’m going more $5 doll plus but this this was uh a little bit less but this kind of a special situation I tend to go five plus um and with with the high side Flags does it matter so much that the group’s developing together or you know if it’s a lone wolf that’s showing that power you know that that’s still okay yeah the Lone Wolf is okay I think this this might be a split adjusted too they did a split I think I I haven’t kept up with it too much I think the thing went to like almost 100 down down to like 40 something recently so yeah it’s something I’m not watching anymore so I you know I can’t remember what it was I feel like this was a little higher price then so I think they they might have done something I think two for one maybe I’ll take they did something because I I typically don’t go below five must have been a special situation or just something’s changed anyway so once once this you know this goes down below 25% I still want to play it if it’s a proper base so we just call it rocket base just put a name on the the so we know that the the distance from in the flag top to bottom if it’s less than 50% we just want more time then right so we call a rocket base we do low tight flag flag um RSI is this gambling stock I just traded as a low tight flag just swung it out for 133% and took it off something like that um you want to look for moves that are powerful you know like this like six six to 60 to 90% move uh doesn’t quite make it so but if it only corrects less than 15% then I look for it to be I’m trying to be aggressive with it but six to 8we base I can really buy anything in six to8 we base it’s just something I prefer right so we just call a low tight flag not trying to steal the whole High tight flag idea it’s really a William O’Neal idea just I’ll I’ll go play around that and then we have some names for what we’re playing around it basically that’s that’s kind of the idea there so and then we have the Deep view which is uh awesome and you you guys coming out with like new indicators all the time and deep view deep view looks like it’s got some U huge potential and a really good I got a lot of people that say saying it’s awesome uh so this is my first stab at it we did some a high tight flag scanner on it and we have something uh called CRZ here kind of a crypto play this is something to set up and you know when this turns through here I’m trying it as long as crypto holds I me this will probably do okay so um you know this is this is typically what it looks like without the moving averages but the moving averages are going to look similar to the other one there so and then you want to see a little bit of more High tight flag action this is the one I was playing today is selling up 8% or so uh you know but it’s it’s not easy all the time we’re in and out you know I’m selling some in strength you know getting getting a a really bad bar back towards even taking it off uh letting it flag and re-engaging it um you know that’s part of the process too you know I don’t want to make it look too easy we’re we’re trying to we’re trying to find our spot where we can get this to go out 15% or more move the stop even see see how far it can go something like this moving almost 500% you know this a it’s got the n and can slim it’s kind of like 5G Broadband from space they made some deals with Verizon 18t I think so there’s something there’s something going on there this correction was about 25% uh and then it starts kind of drifting out of there we’re trying to find these spots and it can be choppy on the way out so you kind of have to uh you know be aggressive about getting in and out making sure you’re in on the move right I’m just waiting for any kind of a turn uh trying to get back in that was today you know if it fully reverses takes out the the daily low there I’d probably be out so you want to look for that uh this kind of power and then that flagging action that’s relative strength line is a whole another thing we get into as that’s you know going Rising there you’re improving your odds and you want to see the volume bars you know you want to see big red ones so I don’t see any of that so it’s it’s got something going on there that’s that’s sort of the high tight flag and then a little more of that you want to see sales you got tmdx transporting organs you know so when you need your new liver Richard you can get uh delivered from tmdx you know me I’ll really need Li well you did hang out with me in Vegas uh for for the night you know you weren’t too bad though uh but I I got about three hours of sleep and went on stage and don’t go back and watch that one I can’t believe I was functional uh anyway but that’s because I was unsupervised in Vegas only had Richard to watch to watch me there uh and you’re good luck charm for I I bet every all the money I had everything I had I bet on on that fight and uh I won so that was good paid the trip paid for itself I didn’t get my check yet I don’t know that must it’s in the mail man all right anyway so tmdx flagging out choppy you do sort of want to see this kind of down drift to the right at some point I mean it’s flagged out long enough now right into earnings I figure they’re going to make it difficult and they’re going to run it up and uh that’s where you sort of have to get as close to earnings as I I’ll go I think it’s we got a couple days you get a nice little pop today we’re we’re a little bit in the money on this try you might have to try it several times I mean that’s the thing and and the thinner it is the wider the bid and the ask you know if you’re going to try to adjust all the time you’re going to be getting a lot of slippage so uh it depends on how something trades also what kind of size you want to put on it uh you know but this opened sort of on the low and pushed out so today so that’s sort of confirming and sort of new new high there I like it it’s got sales there’s something going on there everyone’s going to you know get their organs delivered um so we like the end and can slim there the new something new so cvna this has been a hot stock this kind of meets uh and I’m not really you know we’re not we’re not trading this on CTT right now but uh we could you know if this turned up here I’d be interested tight and turn on top of this base you want to be the pullbacks you want to see on top support which is typically the base High you had pretty much a cup and handle breakout and you know a pullback to it so I could see the the case to buy this um it sort of has this Spirit of one it’s got the minimum requirements but you don’t want to see too much activity in the pole in this 90% rise is the pole uh you don’t want to see a lot of kind of Supply in there you want to see kind of a clean break ideally something 100% with with no Supply in the poll going back a year right that’s the other thing so we’ll get into all that stuff in you know much more detail I’m sure and that’s the uh the high tight flag master class uh coming coming soon to Trader lion but if you want to trade with me and and you know people like Leos we’re on U Champion team trading and we’ve had other you know we’ve had a winner of the million plus contest on there uh other contest players and really focus on the universe that we’re talking about and nothing else we don’t do any uh uh politics and nonsense it’s set up so it’s all you know topics for each stock you know Market signal everything’s very organized and uh we have a staff to to do that for us basically so um anyway that’s that’s what I’ve been doing the last couple years and it’s a lot of fun so perfect well thanks for putting this together I i’ got a few questions uh could you jump back I think three slides here um not quite sure maybe one more yeah around here so um some of these can set up kind of multiple flags as they go up what how do you kind of decide which one to play or you know it’s already had a big move um it’s still you know playable if it if it sets up and tights tightens up again is it kind of like a late stage based you kind of think of it that way or if it’s still showing that power you’ll kind of give it a shot sure I mean eventually it’ll it’ll probably you know crash and go to a new base or something even if it’s going to get on its way like Celsius had a lot of that a lot of pausing for maybe months and years or a year or two almost uh but you know we’re looking at I wish I could dial this back like we could use deep view or something but you know this this day I think it’s like July 15th or 14th something close to that you had the down drift to the right and the turn on The Daily time frame there over the previous high and usually I’m trying to get get in lower than the high because at the high you get choppy like you can go back a few bars from the initial buy there and you can see Traders probably try to run that up there it’s a little early in my view I it wasn’t super tight or anything just kind of drifting and you get that down drift to the right and that’s something David Ryan says a lot um it kind of lets all the little bit of sellers out in a turn then you’re going to get sort of like a high handle on top of that sort of almost like mini base on base here but now now you have this area on top of the previous kind of this is the high tight flag where I bought it initially now you’re kind of building on top of it so that’s sort of like a high-h handle idea uh looking for some kind of daily turn when it when it knows dive like that you know opened on the high and closed on the low that’s I’m just closing it and going to get another look at it um given how everything was how growth was selling off at the time like I was showing the signal even though the signal the histogram was improving for the most part if the histogram is improving with tech in the lead then I’m you know pedal to metal gas I’m gasing it you know because you don’t get all year to make money you get two to three times a year to make any uh real real gains you know um unless you just catch inid and satin it the whole thing um something going 100% over a full year basically or more uh but yeah hopefully that answers some of that yeah it’s good and uh you showed a diagram where you kind of had 300 something uh as a level to the top and around 70 to the low what are you kind of doing during a correction when we do get to that low end is that does that tell you to be more aggressive with your homework start looking for you know leaders kind of moving ahead of the market before the breath yeah it’s kind of an extreme if you go down to I remember like five stocks in Trend I mean that’s like you know crickets you’re you’re on the Dance Floor by yourself you know eventually they’re going to show up so you got to start to see them coming in the door it’s got to they got to start flowing in uh and you know you got to get ready but really during that time frame I’m shorting you know it’s like it escapes me what year he won but our our contest player that won the million plus was mostly doing shorting and that’s what we were doing that year uh you know there’s more limited gains to be had that way uh typically I mean you’ll see a lot of people say you don’t have to short and all that I mean I like shorting when it’s when things are broken that’s you know know you just they’re offering up breakdowns it’s the same as breakouts right so you’re going to going to play some of those like we looked at Disney recently was kind of an obvious ledge Break um you know even in in this market you know that’s just kind of a off by itself falling apart you can trade it so what am I doing I’m probably shorting actually I’m doing a lot of shorts so the platform we have is you know probably active uh all the time right because you when it’s even when you’re on kind of the the choppy signal there’s stuff to play like we’re playing a bunch of high tight Flags even in this environment so they all have a shot at you know big gains you know this this could go to 20 or something I don’t know but it could also stop me out tomorrow you know from this from this day I just don’t know and we’re just going to risk manage and see what see what we can do but when it looks like this it’s got the look you know it’s like um you know you swipe right on your on your app that that you young guys have right I never never had one of those you can’t swipe I’m swiping right on this chart it’s got the look you know so I think that’s what you do right you swipe right so that that’s it I mean it looks looks good it’s got the look something’s going on here it’s got the the high rise and all the tightness and all that stuff so that’s actually a feature we’re adding to deep VI mobile very soon swipe writing on the charts so it’s funny you mention that yeah I love that swipe right let’s go swipe right on this I swipe right on this chart on the Tuesday and we’ll see we’ll see what happens to it so yeah perfect well this has been great just a few wrapup questions um I know people I’d encourage them to kind of watch our previous interviews and podcasts because you definitely touch on this but just very briefly um you’ve kind of talked about the setup of the highte flag where are you looking to sell into strength as it kind of works for you and how are you managing your risk as it you know works in your favor as well to keep that stop uh tight and and make sure you know you’re in the money quickly well it depends on the level of difficulty I’m experien experiencing as things are bouncing all over the place money’s moving to Regional Banks I’m in a a trickier spot so I’m faster to sell I usually want to see 15% or more before I take any scales on these so that that’s the main the main targets you got to have several risk multiples because you know if you’re going to try you might have to try something like this several times 5% risk is typically what I want to what I want to do within that range and sometimes you have to go more because you know the daily time frame is too is too wide because these things are really ripping but you know that’s why you look for a 25% uh flag or less right then you’re you got rather tight area right you know even a 15% or so flag you know you can just kind of buy the high then right that’s I’m more likely to buy the high depends on uh kind of the dimensions of of you know how much support the thing has if it’s very tight like a 10% flag then you’re buying the high probably because you’re probably going to get a good stop somewhere uh as it tightens up around highs and and busts out so there’s a few things to consider but always trying to get more than one risk multiple but you know the signal right here it got difficult as we’re in megas recently you know Amazon was up you know 200 10% or something like that just everything’s round tripping on those even though we took some profit scales uh a lot of the growth even large cap growth just been leading all year uh sort of was losing the value as you can see on that that slide comparing the two so thatan it means you have to adjust your signal if whatever you’re trying to buy it stops trending that’s it’s a signal adjustment and for the for this chart in particular ests um how you drew kind of the the flag part you’re including the low of kind of that ShakeOut bar at the bottom is that kind of what you usually do when you’re you’re looking at that obviously again the spe of the high tight flag but you know that’s that’s a demand bar so um you know some people might you know look to kind of use the the two lows prior to that as kind of the bottom of that yeah yeah you you could I mean it’s just showing the power right I mean I’m not too picky with where it starts unless it’s below the level below 90% right if I start cheating one down it’s the wrong wrong bar it’s so you know it’s got to be in the last two months and it’s got to kind of be from where start from where was kind of basing and I think really anywhere in that zone I mean you could kind of the May 13th low I think that’s fine I think I just threw this on there very quickly because it gets the point across yeah you know for the master class we’re gonna get it perfect we’re we’re gonna make sure we say exactly which bar I would use but this is sort of a yeah either or I think this one’s fine the once the volume starts I mean that’s kind of the where where it all kicked off from that move if you’re clear from there over 100% you’re good good to go then you have your high tight flag in in my view yeah perfect and you know coming back to the theme of your presentation if people are kind of wanted to design their own Universe for themselves what would be kind of some recommendations for you you mentioned obviously the influences of minervini’s template San Weinstein’s methodology where can they kind of start as their building blocks well yeah as they say all the time nothing H good happens below the 200 day moving average right so you’re you want to be in uptrends most like you want to be in the liquid names uh maybe you trade all different types of chart patterns but you want to be in the liquid ones or maybe you don’t maybe you want the smaller ones and you want a gambling account you know it depends on what your style is so maybe your style is completely on the gambling end and you’re you’re doing the small account challenge which I don’t recommend you know I’m not telling people to do that but think about how you actually trade and make that your real Universe maybe you’re not honest with yourself and that’s all you do trade you trade spec bios okay fine make it all biotech you know if that’s all you trade then that’s your that’s your histogram and uh make it you know your your your dollar value requirements is it below $5 $10 15 some people want to go over $100 so these are very easy adjustments and then you have your own histogram so that’s the point of this I encourage everyone to do that get your own histogram setup and trade your universe and get good at it be focused and specialized and you probably will make some adjustments to your Universe over time as sort of for Champion team you know we’ve had a lot of members over the years you’ll see I kind of done away with spec bios alog together sort of like we we’ll look at them but I I won’t even really trade them anymore um you know it’s just over time you evolve you know you don’t want to put a lot of money in something can blow up there’s more relative safety of course that can happen with anything but there’s more relative safety and bigger liquid leaders in my view and this more my universe uh as that’s part of my Evolution and trading is you know everyone’s going to sort of adjust more and start to get into their preferences and that should show in your histogram yeah excellent and if you had one homework assignment for everybody who’s watched this to go outad and do what what would you what what what homework would you give them all right well it’s not nothing I prepared but what I would do is Define your universe go that’s that’s the whole point of the the slide deck we go go back to the front Define your Universe right so you can get good at it maybe it’s only High tight Flags or whatever so this is a high tight flag on nft you know on a moon this is kind of a joke uh you know then then you’re going to have your breakdown okay of what’s what high tight flags are setting up maybe maybe that’s all you want to trade right okay so then then you can see which high tight flags are working what market cap at least you have some stats behind it now you’re journaling a little better and you’re getting a little more of a clue you say oh well this one’s setting up and you know all the uh all the micros I’m looking at are working in high tight flags and you know or whatever so or whatever sectors working it’s all Healthcare High tyght flag so much Innovation there all of a sudden which is not not really the case right now except for tmdx but you know you get the idea you see you see what’s working and right where where you want to move your chips basically place your bets you know there you go that’s your homework everybody so uh go go ahead and do that we want to see tweets on uh on Twitter sharing that uh Le this has been the great any last words of wisdom for everybody watching you know could be trading related could be life related what would you kind of leave everybody with today I don’t know just just know that the journey uh you can get there I mean you saw the slide with leosan uh you know it’s a bumpy ride but after several years you’re going to find your spot don’t let yourself draw down too much don’t fight the market and give yourself some time and you’re going to get there but you got to have that no quit attitude just like you said at the end of your interview uh just watch his interview too that’s that’s more homework watch Leo’s interview with Richard yeah that’s good U good interview good realistic interview uh you know I’ve been trading since 1996 I blew up in 96 I was like 16 years old or whatever but uh you know haven’t done it since so just trying not to have any draw Downs now and trying to incrementally uh uh increase the net worth it’s it’s all you’re going to do and it’s you know you have to like you have to like this stuff and get involved and and be useful you don’t have to win the US investment Championship to be useful be on go on X post good ideas uh you know some some unknown people are are some of the people that I find the most helpful uh including the people that are are are known of course but um you know be a be a part of the community and you know trade with like-minded Traders like I was saying and uh improve your that’s the only way to improve really I mean it’s like having a training partner or something like that so and Define your stock trading Universe there you go yeah Define your Universe like that’s what you got to do this you know start writing down your ideas right now what is it that you know you’re going to realize what you actually are good at trading what you want to trade how it’ll it’ll risk manage you better right you’ll have better risk management if you’re if you’re trading more liquids and forcing yourself into more qu quity that could be one thing you realize maybe you want to do that for yourself you don’t want to trade only High typ Flags or something spec bios or something like that so make sure something has you know I don’t know if you can put sales on that that can be part of universe someone’s got to have sales most of the stuff we trade does uh that’s not a factor on the histogram but another idea if you want to take this farther so all the stuff you require make sure that you’re focused on that yeah perfect and sorry I got one last question for you regard regarding market cap specifically is there a breakdown between mid large small that you prefer or you know the which sectors and industries are working that’s a little bit more important yeah I mean I prefer small caps ripping you know go back to covid take me back you know I had I couldn’t taste the wine in February for an hour or two so but you know I I don’t like shutting down the country but give me those that stock move after that there were a lot of Smalls breaking out you know going crazy that’s that’s where you can compound your money okay you put then you put big bets once you start getting going and Smalls to go you know 20% you know we were even trading some Chinese stocks as soon as I buy it’s 20% up I mean that was ridiculous so um you know small small names moving fast that’s the time to compound your account the best in my view and you got to do it incrementally and carefully with gains I mean it didn’t go all in on small caps but um and they they happen to be working now they’re just the wrong small caps like all regional Banks and stuff so that flips around I’m I’m excited and uh we’re going to go for it so we’ll see perfect well Leif thanks again for your time always always fun talking with you and I think thanks for having me golden night here yeah of course to everybody watching uh please go ahead and leave a like down below thank Leif in the chat right now