Northern Virginia IBD Meetup Lecture

Date: [Insert Date]

Speaker Introduction

• Presenter: Gan
• Notable Achievement: Winner of 2023 Stock Championship
• Goal: To share trading strategies, daily routines, and technical setups
• Resource Mentioned: Trader Land interview, free master class, website

Background

Personal Background

• Origin: Born in India, pursued bachelor's at Usmania University
• Migration to USA: 2004 for Masters at University of Nevada, Las Vegas
• Career: Software Engineer, Filmmaker
• Trading Start: Introduced to trading in 2019-2020

Introduction to Trading

• Initial Tools: Investor Business Daily (IBD), MarketSmith, Swing Trader
• Trading Style: Initially swing trading, later switched to day trading
• Mentorship: Followed Mark Minervini, read his books, joined his Private Access

Trading Style and Routine

Trading Style

• Definition: Intraday swing trading, focusing on momentum moves
• Preference: Only longs, does not short due to higher risk
• Technical Focus: Relies on price and volume action, not fundamental analysis
• Setups: Developed 5-6 go-to technical setups

Daily Routine

• Pre-Market: Scanning movers (ThinkorSwim pre-market tool, Zeno YouTube)
• Market Open: Avoids first 15 minutes, identifies trends
• During Market: Proactively manages trades based on setups
• End of Day: Journals trades, takes screenshots, reviews and video records trades
• Weekend: Summarizes the week's trades, back-testing, habits building

Scanning and Technical Setups

Scanning Tools

• ThinkorSwim: Pre-market movers, Custom Scanners
• Zeno YouTube Scanner: Simple momentum scanner

Key Technical Setups

1. Bull Flag:
   • Gradual price and volume increase, shallow pullback, entry at breakout
2. EMA and Fly:
   • Weak left side, honors the 9 EMA, low pullback volume
3. Fly Horizontal:
   • Gradual sideways movement with low pullback volume
4. Intraday VCP:
   • Volatility contraction, honors 21 EMA, entry at breakout point
5. Reversal Squeeze:
   • Happens mostly in low float stocks, explosive moves following a drop

Example Trades (2024)

Trade Examples

• HST: Utilized EMA & Fly setup, showed significant move
• NXES: Multiple entries and exits, demonstrated progressive exposure
• BMR: Bull Flag example, significant intraday move
• TR: Followed reversal squeeze, captured post-hours moves accurately

Trading Challenges

• Losses: Continuous losses, mishandling biases affecting decisions
• Improvements: Careful risk management, progressive exposure approach

2023 Journey

Monthly Returns Overview

• Initial Struggles: Slow beginning into the year
• Breakthrough: April significant returns changed the momentum
• Challenges: Struggles in May and June, heavy losses, recovered gradually

Key Trades of 2023

• IC: Bull Flag setup, significant post-market move
• Top Trade: Game-changer with huge return, utilized well-timed entries
• Learning from Mistakes: Recognized common patterns and adjusted strategies

Performance Statistics

• Total Trades: 745
• Loss Winning Percentage: 30% wins, 70% losses
• Consistency: Followed strict risk management and learning from failures

Q&A Session

Key Points Covered

• Position Sizing: Based on Progressive Exposure
• Risk Management: Using mental stops, especially in pre-market/after-hours
• Situational Awareness: Adapting strategies based on overall market conditions
• Volume and Float: Critical factors in selecting trades
• Trading Style Suitability: Importance of finding a personal fit in trading style

Closing Notes

• Contact: Twitter handle @goore_gaja, Momentum Access website
• Encouragement: Emphasizes continuous learning, importance of personal fit in trading style