Transcript for:
Northern Virginia IBD Meetup Lecture by Gan

everyone this is the northern Virginia IBD Meetup and this month we're Super Lucky again to have a a super special speaker the winner of the 2023 stock championship and rarely have we had a person who's a winner speak to us so we're all looking forward to it I haven't met Gan in person before only by email so this is my first time as well so hope everybody enjoys the presentation and with that being good go for it thank and by the way thank you so much for speaking to us we really appreciate it thank you very much no thanks I I have to thank you all us and for setting this up and yeah for inviting me as a guest speaker for IBD Meetup North Virginia IBD Meetup so yeah hopefully I'll utilize this time to present my strategy my style my way of trading to the wider audience and I have covered much of this in my Trader land interview and also I released a free Master Class one and a half hour master class and I had it on my website I went through the same the setups and what I do every day like all the strategy for free for the audience but maybe I take this opportunity as well to go over in detail in depth some of those topics and some of my strategies and maybe I'll have wider audience will have a look at it so that said let me I have this presentation and let me jump into it today first I'll start with my background how I got introduced to trading what was I what I was doing before that and all and my St and then I'll go through my trading style and my routine daily routines and weekly routine and what I do before the Market opens and what I do after the market ends and what will I do what would be my routine over the weekend so like that and then I'll go through through some of my setups the technical setups and scans how I scan them for those Runners and how it the stocks will come into my watch list how be a scanning and then from there how will I enter a trade how will I manage a trade how I take a loss or something like that and how will I know position size accordingly so all those details and then I'll show my recent 2024 trades and as well as my my trades which made a big impact in 2023 to contribute to the US I win winning the championship so I'll go through that and then later I'll we'll have on the Q&A session at the end towards end of the presentation okay uh coming to the background wise I'm born in India um born and brought up there I uh did my bachelors from usmania University in Tana uh I came to USA on student visa in 2004 and I did Masters in electrical and computer engineering from University of n Las Vegas so I did masters from 2004 to 2006 and after that I started my career as a software engineer and then later on marriage and then kids everything that the usual routine stuff was happening and then since when from my childhood I was fascinated or passionate about films film making and all so I drifted that was my intention even when I was when I before I came to USA or while I was doing my job I always wanted to get into film making so I so did some film making courses did few short films and and then later eventually I made a full length feature film in India I it got released in 2017 and it got bombed uh I didn't do well it was a flop and after 2018 I my all my dreams were shattered I I don't know what to do with my life and with my career because software engineering the job is there but it's not like a what do you say the fulfilling thing to me to personally yeah I it I through the job just but I'm very good developer and good very good at academics too but something that I don't enjoy much so I was from 2018 after that I was laying low and I was know going with the flow of with the life and all and then later towards the end of 2019 and 2020 a good friend of mine he introduced me to trading and I got started with IBD actually his investor Business Daily he was following councelling strategy and he ined UC me to that I was following I got subscribed to swing report I think the swing Trader some there was some to iil tool that I was I subscribed to and and then Market Smith as well the free trials all those things and was looking at the charts then the price action was completely new I couldn't I don't understand I was not understanding what I was looking at and but yeah I made some trades like Netflix edu some of the traes that I couldn't remember and then they were they turned out to be winners and then I thought and I thought there will be some career I can make out of this trading anyways I was not doing anything in the personal life so apart from my job I was not doing much that I enjoy so yeah I started tring and then covid hit and everything got remote now my job instead of going to office I was sitting at home they have time so I I was liking the earlier I had this mindset of trading as gambling kind of a thing that maybe it's like going into Casino or that and then no you I don't it's all gambling I'll win by luck not by any strategy so like that but after looking at IBD those tools and all those Market Smith charts patterns I got some confidence saying that okay maybe there is some strategy in it maybe if I learn properly and apply this techniques then I could make money and all those things so then that's what I could see in the initial few months with trying the swing trading then I since I always wanted to learn from learn and trade or learn and do things like even in film making or in academics I always used to learn first and then do practice it later that's why I even after covid hit time I wanted to learn from a guru or from a legend or who is the best at the swing trading and then Implement that that's how I got to know got to know Mark minini from Twitter so I was following all his tweets I was following him religiously I bought his books all three books I read them all and then I joined MPA mirv private access in August 2020 and then I was listening and following Mark religiously I was taking notes whenever he speaks I was I was a curious Lear I curious student just gasping everything whatever he teaches and and within few months after that I could there I could able to read the chart patterns could see the price action clearly little bit compared to my the beginning and then and there was so much so many videos tutorials in the NPA platform that I went through over and over again I took notes and also I was getting better at it but still portfolio wise I was not doing great there were but because I was not following the alerts as is I was just making my own alert my making my own calls because eventually I wanted to build a career myself and not know not to follow any alerts like that because I want to learn myself so anyways I it's a small account that I that I had and and also I have this 401k account from the job I was trying the swing trading learnings from that and yeah I was only Trad risking small in learning but I was not getting the traction I was somehow for some reason swinging I was not getting the traction and 2021 started and everybody in 2020 they're on Twitter and all they're making money and can they can see all this portfolios exploding but my portfolio or my trades are not doing good so I was like what's happening and all and then in 2021 mid 2021 I switched to day trading thinking that maybe swing is not my style and then when I once I switched to day trading and then I could see some profitability in the initial days and then later I had to struggle too but at the same time but I thought I felt I had more control here in day trading rather than swing trading and I'm getting same percentage moves bigger actually better percentage magnitude wise there is better magnitude moves Happening Here in day in intraday rather than swings why I can explain more in the later in the later presentation about that but yeah so I switched to day trading in 2021 mid and then that's how I started from then on and then 2023 USIC Championship is that something that I didn't dream of or that I didn't even think of because when the beginning of in the beginning of 2023 I was not even profitable I was only like 2 and a half years 22 actually one and a half year into my day trading as is not profitable and I was still struggling but just to be accountable for myself and I saw Mark minini win the USAC championship in 2021 I think yeah in the million dollar Division I and he won earlier to in 97 so I just wanted to in some point of future I wanted to get Championship myself too so I just want to get a feel how it how it will be and to be participate in the championship and see because later in the in the later years maybe it will be helpful for me that awareness that's why I joined the championship and and rest is the history I'll go through my those details too in the later topic and yeah that's my background that's how I started that's how I that's where I am at this point right now okay coming to the tradings so I consider myself as a Inay swing Trader and it's not a day trading but I don't take much of and like I don't do sculping and those kind of a active trading it's like a mix of nextx Swing Trading like Min ven style in in intraday so I'm not compromising on the magnitude of the moves actually there will be like better magnitude in less duration moves that's what my focus is on I'll completely focus on the momentum moves and then when the action is going sideways or at the downtrend I I don't consider I don't look at those charts so I'll just focus on where the action is upwards action and I only do longside trading I don't short and this is I got from Mark as well he doesn't sh much at the same time I I wanted to try myself shorting what I felt I got Cobra trading account for shorting and tried shorting as well maybe it's my personality that maybe I couldn't switch between long and short those Styles and and whenever there is a setup in sh I would try to go and find the locates I can't find the locates and they charge for the commission fee for the locates so there's a bunch of things that I didn't like in shorting and by the time I prepared everything and go short it the move has already happened maybe it broke down and the move already started and and especially in small caps the shorting is a little risky more riskier than medium caps and large caps because the upwards move can be very dangerous and it can short squeeze the short Sellers and know it can the upwards move can be exp explosive and exponential there's no limit on the upside and downside so that's why that's why most probably I I mean I don't sh much and anyways I want to specialize in one area rather than trying everything so that's my take on it but yeah and yeah I developed five to six go chart setups technically by going them over and over again I like have this goto setups that I try to take those setups and I depend on heavily on these setups Whenever there is action and aligning with the setups then I take the entry I put a stop loss it will be it will be a simple trade styling trading Style I'll show in the coming uh slides then yeah I'm a 100% technical Trader I don't look I don't since it's intraday trading and all there will be some Catalyst or a news that makes a stock move for example especially in small caps there is like vaccine approvals or FD approvals like some merger with other companies and whatnot and but yeah even there are some news X I don't look at the news much and because I'll get I tend to get bassed with the positive news and assume that there will be upside Mo but most of the cases right it won't make that kind of a move and it will go the opposite direction kind of that and so anyways I my thing is I don't interpret I can't interpret the news much to the Chart action so I just waited the chart price action and then take it from there so I want to make it my style very simple as simple as I it can so that's I I work very hard to make my tradings style very simple so that's actually that's the funa behind it fundamental behind it so yeah I don't follow fundamental analysis or any news so I and I just look at I just trade the price and volume action all good was and Miles so I'm continuing we're good okay cool moving on routine so there is a daily routine that I that I follow like every morning before before trading I for looking at them before starting the trading I'll in the pre-market I'll see what's moving I'll open my scanner and in think cim also there's a pre-market mover AO Auto the Box scanner and there is this Zeno on online YouTube scanner that I watch so see what's moving and I'll have it in my if it's making some noise or making some moves in pre-market I just put them in my watch list and also there will be some stocks which makes After Hours moves from past day I'll keep them as well I'll know have everything I have these three monitors big monitors and a laptop screen so I I have this priority monitors where I have the focus list one Focus list two Focus list three kind of actions there I just arrange them accordingly and then I'll if there is action I'll sit there but if there is not maybe it's very prematured and all if I have time then I'll go meditate I'll know you do visual practices those exercises for some time and then slowly towards the market open I'll be ready for the market open like for the see what's what has moved in the premarket and then as soon as the Market opens I'll be ready but I won't I usually I don't take trades for the first 15 minutes after the Market opens I just want to see the direction the trend it's going to set a stock has going to set and then later on I try to trade because whenever I I tried taking the as soon as the market I tried trading too but whenever most of the times I was ended up in losses those kind of in those time frames so that's why just give it some time for first 15 minutes leave it and then I try to enter later on but yeah the trading usual trading day if there is for example as if there is a good Market with good number of opportunities I tend to sit in front of the screens all day and try to watch the action and trade accordingly if there is less action or no action or the if the most of the stocks are in downtrend the volume is low like in Summers for example I don't look at the charts actually I don't look at the screens I take off that that day or no couple of days I usually I look at I look watch lless in those kind of days I take I give myself a break from those watching the stocks so in this kind of days and then at the end of the day if I actually I will have a journal note notes next to me always like this kind of notes so whenever whenever there is action or whenever as soon as I'm taking a trade or I'm feeling something I just write down physically on manually like with pen on paper I took this trade this is a i grade the setup okay I feel this is a a setup a plus setup or B setup and if it is a b set up why I'm taking it like that and then I G my patience level did I wait was that patient enough to wait for the setup or am I jump doing an Impulse trade how is my discipline so I did accordingly so I and then at the end i writes when if I if the trade went into my direction how I peeled off I do all the trade management I write it down and after the trade is closed I'll have a review like on Line review and then so I take all these things and at the end of the day I take screenshots of each the tra each of the trades that I took and I'll put it in my Google Slides because I'll have every day I have these trades that I have taken those screenshots put it there Journal it and at the weekend I'll video record all these trades that have taken in the past week not all the trades but the very impactful trades like I don't there will be many trades that which will end up as losses my win rate is only 70 30% win win rate so 70% of them are losses and even though losses right if the Mark Price action is good if it provides a very very meaningful setups and goes it clearly if it is provides good opportunities good windows then definitely I'll record them and also I'll record the missed trades that I didn't take maybe I'll I didn't feel comfortable at that time and it went up in my direction know and then it made big moves after that but I I sted to take it so I will record video record all of them and I'll know using my using OS swim sorry in think of swim there is on demand feature I record them using that and then I then then using my camia video recording software I fast forward with action and one second I fast forward the action and and I'll watch the like a like few hours like two three hours video or action in 10 minutes less than 10 minutes that's so that know it will be faster and then I'll um read yeah I try to develop these habits all this every day like meditation journaling and and do regular workouts so that I keep myself active my physically and mentally and then do back this back testing and try to read books like based on the spiritual growth or mental growth and and also on trading for example right now I'm reading the mastering the mental game of trading by Steven Goldstein yeah so I try to whenever I find time I try to read those books yeah trying to build the habits and the habits right as James Clear says we don't raise to our goals we fall to our we fall all to the level of our habits or systems I just want to build good habits and I'm doing this for the past 3 years I would say and I anticipated doing in the near future in the coming future as well okay scanner the screenshot that we see here is the the watch list scanner that I developed any anybody can this is the these are the criteria or conditions that I have the price of the stock anything any price from 50 cents to $100 just we can play this is what I had in the past few years but I can play just play with it back and forth and then volume should be minimum 1 million volume and then percentage change from the previous day at least minimum 25% change and then if there is know if this falls into the criteria then it comes to my my this small caps wallet disc scan watch list and then I can see like which one is a big mow and all I can trade accordingly and then I also follow this YouTube online YouTube channel called Zeno which they have this simple momentum scanner I keep this open uh in my one of the my windows in screen small screen in the laptop screen and then now and then I'll watch what's moving what has been refreshed what's at the top and uh I'll see I'll go and see the chart action of that and if it's good and then I'll put it in my focus list and watch watch in the Wonders yeah it's a simple scanner not much but I'm goinging to develop a custom scanner as well going forward for the momentum access platform that I'm working on but yeah for now these are the scans that I use and coming to the technical setups the chart patterns I have these chart patterns the one is bull flag EMA K and fly horizontal fade intraday vcp vcp is the volatility contraction pattern this is what Mark Min terminology he uses this vcp but here I use that for intraday action it's like mini vcp and then the last setup I have is reversal squeeze so this especially the reversal squeeze happens only in the low float stocks the low float the lower the float the better I'll go to explain these examples in the moment but yeah I mean I have and also just wanted to take this opportunity to tell if I keep developing the playbooks and if there are there are many other windows or opportunities where a big move happens before that there there there is some happening so I'll just take a screenshot of that and know create a try to create a Playbook and over the period of time it develops into a setup so right now I have two three other playbooks that I'm creating to but at the moment these fire are concrete or well developed setups I would say okay for example bull flag this is already many Traders know this this setup and there's nothing new here as as shown in the screenshots image here and then the description here so number one is there is a gradual increase in price I think you can see my cursor right yeah a gradual increase in price same thing with along with gradual increase in volume and then there is um almost sideways or very shallow pullback number two with less volume compared to the left side or this volume the when the move is making upwards the shallo pullback and that would be my entry taking the highs of that previous green bar and then the low of that bar would be my stop loss so I enter here know I'll try to manage the trade accordingly I'll peel off into the strength no as I 1/3 or half something like that and I'll train the remaining position accordingly into the strength if it goes in my direction if not then I'll be exiting at the stop loss so that it's a simple pattern U easy to identify but um it it's a very fast pattern this is a 5 minute chart by the way so it's each each bar is 5 minute so this for example this VC on this day it made a pre pre-market action with good volume at least you know not conable but in pre-market this volume is good enough and then it it made a very constructive shallow pullback towards when the market close and then as soon as the market open it this is a very low float stock that's why have this squeeze Tendencies that's why I don't when I say I don't sh if I am a short seller if I short here if I don't cover this is will be a very big loss for me so that's why like this one one criteria that I want to take this as an example and tell you like why I don't sh much in this small caps and low floats but anyways so even after this it showed the volume was very constructive I try to know try to squeeze up it couldn't fall down TR to squeeze up and went almost the pullback was very organic towards the highs and very organic and then it's Tred to squeeze up so yeah I will have enough Clues before so I just watch until here and even here when it's doing this action I just wait and see and then if it forms a setup I enter otherwise I'll just leave it let I let it go that that's would be my ideal State when state of trading yeah so I'll connect this Clues and just try to enter but out of all my setups this one is the fast one because it doesn't give much time the pullback is one minute one bar usually from two to three bars so this is this went off again in second bar after second part but there will be another there can be another one more bar so it's 10 minutes 5 minute 5 minute right it happens within 10 minutes and then takes off so this is the fastest of all my setups and yeah if there are any questions uh we we've got a couple of questions sure uh one thing I've got is what's your exit point on this oh when if it's if it doesn't go in my direction I am exiting right below this bar there's When It Go obviously it went in your direction yeah if it goes in my direction I'm going to Trail it I'll usually in the beginning of my career as soon as it goes in my direction I used to take half off and then right in the next bar but now that I now I want to be very patient when it goes in my direction and it's very if it is this strong volume picking up I would like to see at least 15 minutes give it 15 minutes like three bars try to see what it does if it is this strong then maybe I'll try to peel off like 1/3 off or half off around here and and the trail the remaining half or the 1/3 or 2/3 along the position along the 9 EMA this is the 9 EMA this is the 21 EMA so I I'll do a mix and mat if it is this strong I I usually I'll wait and then take half off and then the remaining half accordingly or I'll peel one3 here maybe 1/3 here and then one third here something like that or if I feel I'm good enough on that day maybe my my account inw Downs if I want to get back to a positive account value and all if this move is good if my if here it hit my target then I I can completely come out here so it's depends on where my account Equity curves account value and all those things so if it goes doesn't go in my direction it's easy it comes I just come out of I cut my stop my trade here but it goes in my direction then it gets little complicated and selling is the I feel is the very hardest thing in trading I can't I don't I can't predict the exact top or anything so I just try to peel off accordingly or scale out I hope you answered your question M yeah we got a couple more uh in the chat can you talk about position sizing sure position sizing is what like I learned from Mark as well so it goes with progress exposure if let's say if I'm doing good and all I increase the size I try to risk more and go with bigger size but if I am in draw downs and I try to keep on reducing the size and go with less size and also depends on the setup if it is this perfect setup I try to increase the size because it's a very clean in Need A Plus setup and in those kind of situations I'll try to like double the size or like that so depending on the situation because most of the times I don't even wait for the stop- loss to hit as soon as it doesn't go in my direction I'll cut it right away so that's why like I developed these kind of nuances or things that that fits my personality my character and and so based on those intuition feelings I also trade accordingly but usually I do the progressive exposure principles if I'm doing good if my I'm in positives my account Equity curve is very good and all I try to slowly increase the size if I am doing bad I try to cut back the size yeah basically that's the answer M we got a bunch more questions I potion sizing I would say there are the general questions we can keep it towards the end if it is any question related to the setups or bull flag we can answer now but at least hi this is om I have a specific question for this setup can I ask please sure so what I have noticed on these five minutes charts with these low floats that make the big moves when you see it's breaking out from that range or with that five minute candle if you go big with your size or maximum position or even half position within that 5 minute bar bar or candle as soon as you buy the stocks immediately sometimes like drops 20 30 cents back or or goes at least half of the candle down or in the next candle it goes half or maybe like 70% back to where it can mess up with your mind how do you deal with that situation or what's ADV to deal with that yeah definitely in the initial days of day trading will those kind of experiences that scares me that that scares everyone too but once we get experience of this style with with the low floats especially the moves are very will be very drastic it will be volatile upwards or downwards it will be volatile and yeah basically if it is that much volatile I'll try to reduce the risk I I don't want to be in a that kind of a volatility anymore but with this kind what I see over the period of time over the period of two years on experience and all so when there is a if I'm since I'm a long Trader if I my entry the pattern is perfect and um I enter perfectly then as soon as I enter it goes in my direction and there will be there will be times where it hesitates to it whether there will be sudden cell off drops quick but again picks up so yeah there will be some instances like that too but yeah I will try to reduce the size and know in this cases what I'm trying to say like usually we we'll pick those habits or experiences we'll see and eventually we'll get used to it that that's what I feel initially it will be very scary but so for example I'll show that trades I will jump ahead and show a trade that I took know this is this is on February 8 in 2024 a couple of weeks ago so this is H this ran th% on this day so I so there will be some trades like this and know it it's clean and it doesn't do those kind of like scary moves when it goes up it goes quickly on upside so even though it halted up and down left side on the left side side but once so I don't trade in that in those areas and then when it's clean when it's calmer and then I enter so like that and even here it Haled up to the left side but yeah as you said like there will be slipage too and those kind of things happens but usually slowly you'll get we'll get U used to that thank you sure I think we're going to have a bunch of questions so why don't we continue on and pause when you have a chance to to cover a bunch yeah sure the next setup I have this is called em flight this is like an extension of bull flag where bull flag flies off takes off instantly after two or three pullback bus but em is and fly the left side won't be that strong usually it will have only two bars green bars or one green bar like this and then it tries to make a bull flag but since the left side is not that strong or since it is some time what it does is it tries to go up but it waits more and then it honors the whenever it um tries to pull back it honors the 9 EMA properly and then within the and within the pullback area in this region like number three the volume will be considerably low compared to this green bars right and then it touches the whenever it comes P pulling back to the EM it hon us that and then I this would be my entry and this would be my exit always my most most of my exits are below the low of the previous bar always and it's like a tight risk reward entries always and then yeah I would trade accordingly but these are the characteristics of the em and fly and what is that yeah so one second and then I'll go to my next setup basically these are all tight entries with great risk reward opportunities so then this is a like longer extension of of the both setups bull flag and em and flag so basically it will the left side will be strong but it will take gradually takes the sideways with low volume pullback towards the high of the price action and and it's a shallow very neat clean pullback and then when the 9 EMA and 21 EMA merges around that area then slowly the the momentum starts and then it goes from there and this provides a very create risk reward entry because the risk would be very very tiny here below of the previous bar but the reward would be this much but anyways yeah once if I flip this chart to 15 minut 15 minutes it will look even better it might look like this bar or I mean this setup or this setup depending on how long it the pullback took takes but yeah and so this is one the one of the setups too and then this is the Inay PCP is the volatility contraction pattern and to the left side there is a good demand strength and then it forms a um it honors the 21 EMA when it pulls back pulls back with less volume with less green bar volumes compared to Green Bar Green bars and then in each cycle it is going to honor the 21 EMA and then the volatility contracts in each cycle and then after that at the end the entry would be around here the top of this cycle and the exit would be or stop- loss would be the low of this cycle and know it Le it should have this uptrend look and then yeah entry exit and then I will trade accordingly this is typical Mark Min is setup but this is in intraday BCP so I am seeing this also in bunch of charts that that I trade Yeah so basically most of all all these setups they have the same criteria good demand very shallow pullback with low volume and very constructive action and if it takes this previous highs enter and stop loss would be of the base so that that's solid there there is to it and then this is the reversal squeeze this is the vary setup here this happens only mostly in low float stocks which the lower the float the better and this is like a tennis ball action as as everyone says like whenever there is a drop it it tries to squeeze up or the whenever it hits the ground it tries to bounce back hard because this is the low flood stock and when the volume picks up it it squeezes very very explosive it makes explosive moves so I have a Playbook of these setups too and these arrows are the indication that whenever it tries to sell off it takes the previous size so those kind of things and then at the morning open it Tred to sell off completely and now it bumps up and waits and then makes explosive move so I have setups Playbook setups of of these characteristics too and yeah this happens a lot in intraday as well okay before going to 2024 trades any questions or then if not I can continue and we can take the questions at the end okay 2024 trades as I said this took this couple of weeks ago this is the EMA the setup that second setup that I was talking about so in the pre-market this [Music] is this had some news and no our this is a very low float stock it had the strength it was slowly grinding up towards at the top of the price action and towards know around 7 7:30 a.m. my time Central Time it picked up the volume and then towards the market open it picked up the volume again and then as soon as the market open it tries to take this premarket Highs but couldn't there's selling this is a tennis ball action I'm talking about and then it drops big and then later it squee up so short sellers are they have to cover here they can't even cover because it Haled up and then I have to wait to cover it up if I'm a short seller but anyways so this is the tennis ball action strength and then not holds down but no squeeze up again t ball action here then from here I am interested from here the pullback is very gradual it's all this action is happening at the top of this bar and with gradual decrease in the volume in the pullback so this is what it has that look of if if I am if I let it go then I want to move higher right I want to explode this pullback has that look right because here it took this previous High bar and no it couldn't and then came back pull back but these two next two bars are very interesting it showed the strength again it badly wants to take this SI but couldn't because of the selling left and then it went sideways like that it's going sideways and then as soon as the selling pressure or released shelling pressure is reduced and the demand kicks in it explosive mes so I sold too early here this is how mil you are saying right how will I exit usually I exit here I exited here but yeah this went on I sold too early this made a big move afterwards towards the market close and after hours and it went to right now it says 5.5 right it went to $50 after hours yeah but anyways this is a clean simple P that I took and this is nexi n exi it was it made a good move the previous day as well and then this day it started squeezing up again I was not I was just watching this action because I didn't find any setup here when it this move this magnitude move then when going sideways and honoring the EMA it's in the sideways action the volume is silent or it's gradually low compared to this and then I entered here half size and it goes in my direction I thought okay maybe I'll add half here saying that my I will increase the size and with my as soon and also One Thing Once the price goes in my direction I move my stop loss from here to break even Point even Isa I learned this from Mark so basically when he's aggressive and all when he goes place with margin he usually sells some into partial finances stop or or move the stop loss to the break even point so that so usually I'll move my break even my stop loss to my break even point when it goes in my direction then I added half here making making double the size and zero risks because it went in my direction the first half is already in profits so I double the size move the stop loss to break even for for both sizes and then even second one went into my direction I peed off some into strength and then after it did this I I peeled off slowly this is what I did so yeah it's a good sell and then this is BMR this also squeezed up th% on this day on 29 February 9th so on primar it had some news and it was after same thing around 7:30 area the volume picked up and then after the market open it started it acted good and squeezed up so much I was watching here I couldn't enter here because it Haled up very fast instantly and then it made this big move and then it was acting constructively I couldn't enter here because I was scared of this volatility and uh after that it provided another entry another base this is a bull flag left side gradual increase in volume with price and then the shallow pull back with less volume and then I entered here peel peeled off into in in this bar like here and here and then after but yeah I so I ited because I it's I am already in like this is one base this second base Third Base this is like a climax run so I was doing the base counting and I said okay anyways this can stop or reverse anytime soon so that's why I was peeling off early but yeah that's that reversal happened here after this bar but yeah I was doing the base counting and exited right here this is another TR on 26 NV this is not any particular setup or anything like that but I like the action it's it's like a reversal squeeze kind enough candate I like the action where know it tried to go up but it couldn't it waited it tried here but it couldn't but the pullback was very natural and slow and organic and then when it was under the 21 EMS I was not liking this action much because the price is under 21 EMS and it's not claiming back but the volume is very quiet in this area it's all gradually quiet became and then once it the demand picked up I thought okay maybe I have a good and it tries to I didn't expect that it will go to the this fast but I thought okay maybe I'll enter half size here with tight stop and low of this base and then if it provides another opportunity somewhere here on the top I'll add another half and I know that there is this $1 psychological level maybe that's what it's trying to do in the morning but it couldn't but now maybe if it starts moving it will later in the part of the day it will may maybe touch the $1 around here in this day but yeah the but the move as soon as I entered after that it was very didn't wait it didn't look back and it halted up and now it touched the $1 level within like next 1 hour so yeah it's like a 70% move but yeah this is another good trade and yeah apart from this there are many Lo these are only good trades that I'm showing but there are many losing trades many break even trades that I do I enter exit at the if it didn't go in my direction right away exit a lot so I do those kind of Trades too but yeah slowly I'm from the past experience from the past year experience I'm trying to trade less focus more on the patients and only Perfect Trading trying to trade perfect setups those kind of things and yeah talk about Mark 2023 Journey uh when we go back over a few questions then from your scans how many stocks are how many stocks are normally up on a good day do you use situational awareness of Market conditions to decide on a trade yes so I do the situational awareness I I took that concept from pradep bond from Stock B pradep even Mark also all the all the good Traders explains this so in in the small caps world or in this day trading also there is a situational awareness there is this Market Cycles it it has its own cycle and in a good day there will be couple of 100 plus Runners already and as soon as the Market opens I see 34 there's a one 400% Runner one 300% Runner because they ran after hours of the previous day or pre-market and then they're opening at that level so in a good day I see four five of them and then there will be bunch of another 90 Plus or 80 plus Runners and like they they have very good numbers on a very bad day or like when there's nothing the maximum the runners would be like 30% 40% and then I'd see two four three four of them and then others like 10 10% 20% that means that is telling me that the market is not that strong not for my strategy for this momentum it's quiet and might go sideways so yeah that's the situational awareness I do and for example if you see these trades they all happen around the same time this is around January 30 and this is February 8th and this is February 9th so they happen inside budas actually and on this week and uh even this one was on February 6th so this week was on February 1 week and January last week though that week we have seen very good movers like and then in those movers if I can just grab this 40% move 50% move kind of those and I sit quietly after that then I'll be doing great over the period of time the period of one year but and after this week after this February first week and and it became quite in the second and third week and second week was okay at least there was few more couple of run Runners but third week and fourth week especially the last two weeks were quiet so I'm honoring that situational awareness and trying to trade very less nowadays and know yeah trying to know that's how are you my watch list are my situational aess would be yeah are you using uh 4 to one intraday leverage no I I don't use the leverage for the for small caps there there won't be a Leverage yeah so if I trade um medium caps sometimes I I trade uh medium caps for example there is NV earnings right and that if I see a set up AMD if earnings and if intraday provides some good setup and opportunity I'll go with margin if at all if if I the risk reward is good but in small caps there's no I don't use average do you look at level two order book no I don't look at the level two and when one person was asking what's your max loss for a day oh yeah that's one thing I want to actually set up with a broker as well Max loss per day but Charles swab I use the Charles swab broker they don't have that kind of a feature but I don't try to trade accordingly I I would like to limit the loss as I said like Progressive exposure if I for example let's say $2,000 is I'm just telling a number is the loss that um I took in one trade next trade I would cut down the size to $1,000 right because since the first one is a loss I will reduce the size of the next trade for example let's say even $1,000 that ended up as a loss so now my total loss for today is $3,000 and now if I have there I have to trade less for sure and then even if I there is a perfect setup or good setup and I have to trade maybe I have to risk only $1,000 more or $500 I have to reduce the risk so this is all Progressive exposure and and same thing if I'm doing good right if my risk is $2,000 in the first trade and it ended up as a winner I make so two times for example one is to two let's take that risk reward ratio and I make $4,000 now in the next rade I'll try to um go either with $2,000 or I try to increase the size also maybe risk $3,000 or $4,000 and let's say even that is ended up as a winner then I'm going to increase the size so this is like slowly scaling up like scaling back in the sizing and then maximum I don't put any maximum limits on the loss levels but I'll be aware of my risk and losses very much more than the profits I'll be focusing more on losses only and I try to cut down as much as I can but sometimes it goes out of hands few days but I'll try to reduce the risk and whenever I there continuous losses okay just a couple more questions then we'll move on do do you take off more if volume is decreasing as the price goes in your favor sorry miles can you please repeat that take off do you take off more do you take profits if volume is decreasing as the price goes in your favor when the price goes in my favor volume is decreasing I don't look at the volume much earlier yeah I maybe I'll take a partial yeah if take some partial off and as soon as the price goes in my favor when I'm in a situation that I'm taking a partial off then my remaining is almost at the bu point my remaining size because I even if it reverses and it comes back to my price point I should end up as a at least a small profit that's my goal like as Mark says chip up keep chipping up that's what I said and I just wanted to chip up my account so even if it's a small profit that's I'm fine with that and yeah maybe in that case the volume is decreasing and all I didn't see that behavior much I won't see because gradually the volume will be increasing most of the cases but there there might be I don't know but when the volume is decreasing I would definitely take some partial off and Trail the remaining or keep the remaining at the by point last one for now how many trades do you normally take in a day or the range of Trades yeah actually last Thursday and Friday zero trades next and so far this week I think three trades or four trades something like that so because the market is not that great I Trend to trade less but if the market is good maybe on an average three two four trades per day so yeah good all right we'll come back to these thanks yeah sure okay coming to this last year Journey this is my monthly returns I sh shared this in the trader line interview as well so as as I said I was not even a profitable Trader when I started this 2023 year I just entered the championship just to get a feel of it not to win or anything like that that's what happened January and it was a this is my usual January February like March this is my usual trading experience in the past like 2022 and 2021 so yeah I was not profit whatever I make I give it back slowly and the kind of things coming to April this was the game changing month for me and I made plus 65% towards the end of the April because of one trade which is top I'll show that example screenshot later that changed my thinking my my confidence grew a lot and then that end of the month I thought okay so by by end of April my account was like 200% so this is per month returns but my end of April my account got what I started was from there it was close to 200% and then I submitted my statement broker statement to USIC because I want to see my name in the list right at least once maybe why not take this opportunity and see myself my name out there like that that's then this April month provided me with that chance and after that the actual struggle start after that May and June were horrible I was May was yeah May looks like you know it's better but I was I wanted to double this Aire I wanted to continue this run but not able to and then slowly I was giving me back and then June was the horrible month I gave 40% back which is too bad too worst that's that's the horrible it's like a nightmare but I didn't do it in one trade or couple of Trades it was a very gradual slow bleeding to death kind of a scenario I was not doing the progressive exposure I was risking more to get back to even I was Revenge trading I was forced trading I did all kinds of mistakes that I was doing in the past everything came back and this performance actually had that ruined me actually and then I that's what I tend to do in June but slowly and then eventually like from July I started picking it up from in June actually I was back to break even so whatever I did until here it was like my account was back to break even when this I was not reporting to USIC because I was feeling shameful then starting July I slowly picked it up and this month this I did I I slowly started doing good I didn't I I was aware of this mistake and don't want to force trades and slow I traded very less here I I'll show the stats as well I traded very less less number of Trades I waited for the perfect setups and whenever there was setup I went big on this those setups so that's the result of this yeah slowly and I was very cautious to not to give anything back after these performances so yeah that's this is the end end performance but yeah I wanted to continue slowly on the I want to be consistent let's see what happens and yeah last year big biggest winners this is IC I I I showed this slides in the trader Lan interview as well but the same slides because I didn't have time or I can show in the big later if you have time today but yeah it now same thing low float stock made some there was some news on the previous day and then this day it's like em Ken fly it has some strength in the beginning what I'm trying to say I will have time or Clues enough Clues to enter or not to take a call or do not enter Because all these Clues right this Clues this is in the watch list all this day all this time it made this move I don't need to jump and hope that it will do this right I just wait for my setup and it will form I have one hour watching this and while it's forming the setup I have the time and everything when it's the setup is so good then I jump with I went in with size with the stop loss tight stop loss and then as soon as it goes in my direction I peel off some something so that if it comes back and prives on me at least I'm safe right some like like that and by the time it made this move my my stop loss would my I would move my stop loss from here to my bike Point already and then peel off something and then peel off slowly and then even most of the times I I sell early because this make a big move later but but I'm okay with with what I did there I I understand you're blocking the amounts but relatively speaking were you getting out a third and a third and a thirdd or was it here in this case 1/3 1/3 one3 okay thanks yeah and and I do mix and match like sometimes I for example here it was like once at the short like actually twice I think half and half at the top and here it was like half and half two I think so yeah I'll do mix and match sometimes I do one/ thir one/ thir like that and then depending on the move and there's no like fixed thing that I do and then this is the yeah continuation run from this day to next day it's it ran $42 so after hours I I make no this is how for example I aned this move that it will do this SS move here I entered here it it didn't go on the Queue it it was hesitating and all I cut it out again and then I enter again it was again it was not there quite yet and then I cut it off and then when it started the move I can enter and then I peeled off into some into strength and then it made this move I enter again I have this some size here and then entered some partial here and then I peeled it off into strength this is another yeah big move or big trade for me last year so this was the perfect bull flag setup three gradual increase in prices with gradual increase in volume the this pullback was very shallow with low volume went sideways and then I exactly entered here at the top of this price bar low was my stop loss as soon as I entered actually with all in I went all in this TR and I got some bad remarks from comments from Trader line interview and all saying that who goes all in or like that but when when and I saw this many times when it's going when I'm very confident that it will go in my direction and all I don't think going all in is a bad thing and actually there if I don't go all in not all in it's not it's not gambling or anything I'm at that moment my I have my account value is such that I can even if it reverses on me if it's a loss it's okay to me because I have like very much profit cushion with the past trates at this time so that's why I I slammed in that and then as soon as it went in my direction I closed the door I my buy point is my stop loss and then I even here I peeled off so early that it's there already like the one that I peed off is 90% move with My Soul account and then I miss this move but anyways it is what it is but yeah and I I took this from Lance bread Ste Capital coach to when there is a e setup when there is A+ setup not going going all in is also some some mistake so but anys I don't after this I don't do this quite often to I I do it only in certain occasions and after this and maybe there's one more trade but I haven't done so far even now in the years so only after building some cushion and if I'm doing good and all I I'll try to go with size yeah another this is also big size trade it was completely halted up this will be a very new this completely all day it was halting up squeezing the shots halts up hals up and then comes back lands on here and the 21 EMA both sideways this is like a EMA or like intraday vcp kind of a look and and then I entered exactly here and when it goes in my direction I again added here and then I peeled at the top this is like one one I came out at once this is I sold all the position at once here yeah another example of what do you say the flat top or I call this as like em and fly but strength toward to the left it has a look of going high high trying to claim the previous size and then once the volume is also very getting F in the pullback and then takes this $5 level I enter here I peeled off very early but it made this Mo yeah same thing think short squeeze setup know and spited the half hour move so most of the stocks they'll make a big move after hours those kind of entries yeah and clean setup very nice uptrend very good pullback and then I entered here in levels another no setup same thing so most of my setups are like I need to have a strong left side good left side like uptrend and very sideways pull back with low volume that's my bread and butter look and then if I anticipated the move here it didn't go but anyways my stop loss was towards the base didn't hit my stop- loss and then I thought it would go here no I didn't but later luckily didn't hit my stop loss here then later it went in the direction that I wanted and then I peeled off and I added here and then peeled off the sizes here so sometimes I had I try to add the size as well instead of feeling of everything okay and yeah so as I said like there there will be couple of opportunities this is a very good entry I I didn't take it I was little skeptical that it will make this move once it make this move and I like this base so I was base counting again here first base second base Third Base this is the climax move fourth base I came out here F of everything now later it made this move which is fine but yeah I was doing that even if I miss it here I'll have another 1 hour to if it forms a base if it's really that strong I'll get another opportunity if not then I'll get another opportunity so if I wait properly so this is spgc this is on IPO day so it Haled up completely after I entered and it's another I think 50% move that yeah that's something like that I made these are all good trades as I said like only handful of them I there is so much of losing trades that I take which are crap and these are all these are only goodlook charts and yeah I shared this when I was talking to Mark Min and he interviewed me as well after the Championship so I showed these examples to Mark and he said if yeah if you didn't tell me this is a five minute chart in daily if if this is a daily chat this is exactly I would enter and exit so yeah I felt very proud very happy after listening to him but yeah this is this same magnitude better like 30% move 40% moves with clean moves with know good looking price action you know taking the I follow the same methodologies as swing trading one same magnitude moves with less duration within 30 minutes I within 1 hour or next couple of hours I get the better percentage so another trade example and this is the top trade that I was talking about the game changer until now until this was on April 27th until here I didn't know that this can be mov like th% in couple of hours so I was adding peeling off and then adding I was not believing what I was seeing and adding peeling off and then adding exited everything here I think and then when it's still going I added again peeled off again peeled off I like this whole it's like a yeah 100% move for me my portfolio so this is the first time I did this and after that I it became very common or routine like doing this kind of moves after that once you get used to that I think but until before this I was not used to do this kind of moves once I did this move and then it became it was like for example there was six figure trades that I did and then until then I I never did six fig trates then the next six figure profit trade was in two weeks after the first trade so yeah once you get used to it maybe like it it expands the capacity or something that yeah this is another another entry peed off and then still I think I exited everything here I thought okay this I didn't like this reversal and all I thought maybe it would slam down on me and it was completely it was taking squeezing up slowly gradually and then I again entered here you know something again entered here build of something again I sold too early it went this far and now the actual part this is the interesting part should I'm going to continue my mistakes most of my time I'll spend here whatever I have shown until now this is only a 20% of me and everything is good and everything is Rosy and all this is the part but 80% of my time or my emotional state everything either it's going sideways or the downtrend so I I try to get past this kind of moves this is a tennis ball action whenever it slams down bounces back taking this previous size I thought it will do that no which which it did this right and I didn't enter any here even though it's a profile so by looking at these missed opportunities I create I take the screenshot of this create that Playbook and now it's a reversal squeeze setup this is the entry but at this when this is happening I didn't have the setup properly so I got by saying that half hours it will make the same move as like this I enter here as soon as I enter it reverses on me take the loss which is fine this first loss was okay but now again I now I actually double the size or increase the size compared to this one because I was not accepting this this loss and and because it was going in my direction after after this after it stopped me I wanted to be right my ego is not allowing me to be wrong so then I enter again take a loss again but yeah forgot to tell you I I very good at cutting losses taking the loss I'll take the loss but later on I'll accept it accept the loss or not is a different thing but I'm very fearful of losing money or losing this right so I just cut the loss right away so that I think that alone saved me so far I take the loss right there right then I don't hesitate to take the loss but after the loss what I do is a different thing most of the times I don't accept the loss and I try to Revenge trade until 2022 and first half of 2023 to I slowly CAU better in later part of 2023 now also I still struggle but slowly getting better another another Force Revenge trade I took the first trade got stopped out and again take the another trade get stopped out I shouldn't have one C this is didn't go in my direction I shouldn't have tried again but that foro fear of foro it's all about fear managing fear so can I ask something yeah sure I put a question in the chat as well but can you explain why here up there it says this is a dangerous setup can you talk in general a bit more about when does a setup not work out even though it looks perfect or is it really that you didn't recognize certain things in the setup and made bad trades yeah the second one the second one I didn't really recognize the setup action properly I didn't fully understand the action and I got biased and enter so for example here it is giving me a clue that there is the volume the big there is a big selling here and and and all this action is happening within this selling and I I should wait for this to take off to claim this SI and then provide another know cycle or another setup or another base and then tight base and then takes off that would be a better entry looking back and also this left side right it's not that strong there this made this climax run here itself this climax is done and it made this reversal and then this made only this was the strongest climax bar and that's it and this even though this is a green bar there is more selling in here because the volume is very considerably good and the close is very bad and the range of the price is not that as good as this one the range is short there's selling in here and there is selling here and then there is selling here so considering all these factors I should have waited more on the right site which I didn't so by looking back in hindsight I clearly see but in that Heat of the Moment and all because this ran good in the previous days and I was getting biased with that and all yeah so mostly I I don't look at the clues very clear whenever I take a loss I hope I answered your question sir yeah but I feel like if you looked at this one on a 15minute chart it would look like a good P flag sort of set up maybe I think yeah but my entry would be at the top always right and then it would it wouldn't have hit the either for sure it would have there would be some Clues and then I would be missed or it would have hit it wouldn't have hit my buy stop and then there will be scenarios too where it's a perfect entry and then get stopped out which is a common scenario as well it's all probabilities and yeah that that's that's what it makes it challenging okay thank you sure so here the left side was not strong enough I was very B with this pre-market action think that okay it will make this kind of moves but after the market open I was also like yeah B with this kind of the increase in volume the price is increasing I thought okay it will know give this pullback I will add here and add some size here I it will make a move here I'll add more here it can does the vcp but no it doesn't it slams down on me because of this entry tight entry I had some cushion this was towards in the last month of December of the Chan championship and I had some very much good cushion I went in with size this happened and no I didn't want to give back but any after this loss I traded very slowly L but I ended up in a green month yeah typical me in the beginning of my 2023 this is on February 6th it squeezed up so much I was just watching this didn't feel like I was very disciplined I wanted to be disciplined trainer if I don't like a setup I shouldn't I don't want to take it right I didn't like it here I don't know why at the moment I didn't like it here too I didn't like it here it went this far now I just screw this I in stop I should have enter somewhere here it made this move thinking all that and then now I am best with that setup and then it I thought it will make the same move as it did in the during the market hours after hours and then I entered here it slammed on me so yeah very typical me and this is another mistake that I did uh I didn't take the profits and slowly it came back and I almost CED the break even Point were like very marginal minimal profits but yeah it's a it's a flag setup for me yeah so this is the full year statistics okay I have it twice maybe yeah okay so I I will cover this slide in the stats section but yeah this is typical me losses continuous losses in June everything yeah I should have traded less and be more waiting patient waiting for the good s and all but my mindset was not clear here in this time and and this is the whole year this is trailer platform stats from that I bought my statements or my broker statements into this platform and this will give the stats this is from January 2nd To December 27th the full year I didn't care after that this is my average percentage on losers average percentage on gainers this is the total number of Trades I took 745 so out of like how many 5 500 trading days 52 weeks yeah 250 days I think yeah 250 days of trading Days 7 145 total closing trades my win percent is 31% loss is 68% but this is for the total year and this is for the later part of the Year where I was profitable my it's like same thing 30% and 70% is win ratio win loss ratio but this is interesting my I traded very less I traded only 165 trades took 165 trades I traed very less and I increased the this percentage on winners and decrease this one and my hold period for on an average for a winning trade is like 45 minutes to 1 hour I think some there 50 minutes and then for a losing trade it's 10 minutes and thank you yeah I can be reachable on Twitter at this handle goore gaja and I have this in order for me to know reach to more Traders or maybe helpful more helpful to others I just want to share my strategy what I do I want to document myself or document my journey and all I open this platform called momentum access so I can be reachable there too please try to check it out when you have time but yeah I'm up for any questions that you may have Yeah we actually have a backlog of questions uh I think the best thing is if you could bring up the chat and starting at 7:37 p.m. uh take a look at some of those please 7:37 p.m. y is um uh which slide is that do you know chat uh the uh bring up the chat oh the chat okay okay see yeah I got it I see I can read them off but it's probably faster for you to yeah yeah sure 7:37 is like 6:37 your time right no 7:37 our time East Coast yeah so East Coast okay so I'm seeing 637 okay anyways I I'll come from the top yeah the experience with Mark yeah leverage okay that's fine and how many how many trades you usually take I answered that how was okay yeah how was your experience with Mark minin is Master Trader or private Access program that you referred earlier yeah experience was very good I learned a lot Mark is a great teacher on the platform was good yeah I I learned a lot that's what I mean and that's that was my starting periods of trading of Introducing Me introducing to trading and I think I get I got a good start the short the my learning curve got shorter because I was learning from a mentor like Mark minini I think because otherwise this kind of performance in 2023 and Championship that that early I am only three years old Trader I I don't think it will be possible without that so I give a big shout out to Mark minini and his teachings and San's question do you look at the volume with respect to float of a stock and then take a decision I yes I look at in both aspects Rec for example if it's a low float stock and and the float is rotating millions of times each five minute bar has 4 million 5 million that means that I consider that take that into aspect even in medium float stocks and all like volume is a must to me volume having a good volume then only I look at the stocks otherwise I don't look at the I don't look at them because there are other stocks too where they make a slow grinding in the day and with low volume I am not interested in those kind of actions so I want the momentum moves I focus on them so for that to happen volume is a must and I combine that with the float information as well and because when the float is low when there is volume there can be like hard up or like that kind of a magnitude move can happen so I I look in that aspect as well Jessi to everyone how do you control risk of throwers when you can't put in Market order stop loss yeah that's true yes see premarket and afterward I don't like that to I us it's all limit orders and there will be slipage as soon as I enter order and all but yeah I that's why I kind of trade with less size after and pre-market and I have to use only limit orders but when the action is good when they when it's making a move why not to take advantage of it and that's my take on it but yeah it kind of frustrating but I try to paid less and with less size in these pre-market and after hours CD Ram how do you handle the shakeouts in the flag or base do you reenter with additional position size or let go of it and wait for it set up properly again handing the shakeouts in flag for example here if there is a shake out I would as soon as I enter I would have my stop loss below the base of this bar and if it hits me it takes my stop out and stops me out and reverses then it's I won't re-enter again at then because Mell thinking is wrong if if it stop me out then I'm wrong then I would take some time to reassess it I think haven't we entered except this right there is it there will be very minimal cases where I reenter unless I am very confident so for example here right so I entered here and then exited out here and then I entered again maybe that here and then exited in the same bar now after it gave me a clear hand I enter here so like this this is how I usually handle but I I would wait like couple of bars more for example here right I enter exit in the same bar I enter and exit in the next two bars and then again I enter so but I'll this is usually my shake out kind of a action but in the same if it is if shakes me out here then I wouldn't enter even if it goes in the next bar I I will need at least like couple of bars to see whether the action is good or not hopefully I answered that Matt Jolie do you Mark Daily support and resistance levels are trade in the direction of a daily chart yes I do zoom out and look at daily chart even though I'm doing an intraday trade for example let me hopefully you are able to see my p yeah anyways so even though today I took this trade premarket I entered here I didn't take like but anyway I tried to enter again I got stopped out here but anyways even though this is a 5 minute chart I'm trading but I always go and look at know the daily and see where this daily is based on that I try to draw the support and resistance so yeah I I do I zoom out and see where this action is happening and uh please don't draw okay anyway yeah I I zoom out and see the daily support and resistance levels too yes and the next question farad can you show the horizontal fade again definitely so whoever is drawing please stop drawing horizontal fade so those kind of set up horizontal fed is not something that happens very often so this is the [Music] one so this is the horizontal fade for it looks good and the 15 15 minutes one the closest one for horizontal sh is I'll show you a live example try to I think janx this was yesterday from yesterday yesterday this made this move at the five minute and so here I would think the volume was too low on this one but anyways I'll zoom out so this is like a strong kind of a sideway after this strength it pulled back but since this is a screen candidate doing the tennis ball action what it does is it tries to emerges from this from this try to bounce from this drop and then it does this uh slow fade kind of action that in that it should be the action the price action should be at the top of this one say slow gradual and now and then it Tred to take the highs without any base but it tries to take this size it couldn't slowly and then the volume will be quetting down with here and and go sideways then whenever there is a margin 9 EMA and 20 21 EMA and then takes off so this is horizontal stade if I switch to 15 minute chart so this is how it looks like it's it looks like a in in 15 minutes so I usually switch between five and 15 minutes that's the time frames that I use hopefully I answered your question and VP to everyone can you please talk about the stock selection in the morning among all the premarket gappers sure think swi has this pre-market movers this scanner is very good like it all by default it shows I sort out by volume which has the most volume and show which one has the volume and for example beyond meat today has the earning so since it has this volume it will come up in the scanner and then I have this Zeno scanner this one Zeno you to yeah this live scanner from Zeno this is usually I have it on so these are the scans that I use and also I look at the percentage gainers this is also think C remot of the back scanner by default and then as soon as the Market opens this doesn't operate or be live active until the Market opens as soon as the Market opens this gets filled and even I just s out by the percentage change see which are the biggest movers and as you can see v i the one that I traded in the pre market it's it came at the top and it's because it has that 27 300% move actually it moved from $1 to $8 like $7 600% move here but it faded out after that but yeah this in a good Market we'll see this couple of these and then there will be bunch of 100s or 90s like that and then James how much volume relative or non relative to float does the ticker need to have in the pre-market to catch your attention the better the bigger the volume the better James for example here today's in this today's trade so here it doesn't it has 1 million volume and the dollar the price is only $2 of the stock and it's just one candle one bar in five minute and then after that it was like fading out I'm not interested at all here but now the volume is picking up it's now 2.6 M I'm looking here 2.6 million volume 3 million volume by 2.6 now it's interesting because the volume is sustaining and it's increasing so the volume is increasing here now this is like this bar and this bar combined with this is a pullback bar but it took this high and went sideways with good volume and know this is also a very sideways action now it takes this size I entered here exactly at the top this would be my stop loss but anyways pre-market like I have to usually I would buy at the top I'm saying that I would have the limit order manually I can't do Market orders So I entered here and it goes in my direction that's fine but yeah I look at the this aspects volume is a must to me and this gradual increase in volume catches my attention so that's what I try to look for do you ever pull a trade overnight I did when I was swing trading but never in my day trading after I started day trading but that's something I would like to build upon but not in this low flat stocks and all these are very dangerous stocks to hold overnight but but if I usually when I if I want to slowly build a strategy that where I can do kind of intraday tradings plus swing trading those kind of methodologies right slowly eventually when I do that I would to I would like to hold this kind of in this kind of place maybe if I entered if I find a perfect setup here I peel I I scale out something one3 here and maybe I'll have my stop loss at this my by point but instead of selling the remaining I would just keep continue to hold it and see what it does in the next few days maybe something like that I would do in future but I didn't do so far at the moment Deepak Chan how many stocks do you watch actively for a day do you trade in the last two hours of trading session so I have three monitors one monitor I use it for this main execution like this main screen the other two monitors I use for I have this grid layout let me show you one second so here for example I have six I can was six at a time in one Monitor and I have two monitors and then one laptop screen so I have three monitors three screens so I can watch 3618 at a time but but usually on any given day at a time I'll be watching closely four or five stocks not more than that the rest will be like a secondary action a secondary Focus list like maybe they'll set up something in next one hour or two hours but actively at a time four or five stocks if the market is good otherwise one or two something like that and then do you trade in the last two hours yes I usually trade um depends on if there is afterwards move for example today watching BS this is the shares column this is only 6 24,000 this is ultra low float stock and this low floats and it has good volume today this is the volume 60 million given the this is the highest so far in this one but even this volume and all I was interested so if it I didn't trade this one but because there was no but towards the market close sometimes this will squeeze up as you have seen in my past those screenshots of the trades that I took and then this squeeze up after hours to so that's why I'll actively watch it towards the close and trading sessions so I'll if there is a setup it trade it for sure vinal can these moves be captured on a bigger time frame yes you mean if it is bigger time frame like 15 minutes 30 minutes or like 1 hour or 4 hours like then daily yeah the as the duration increases the magnitude of the move decreases but yeah for example today's VA and I trade so if I sold exactly at the point so this is like a this for example let's say this one okay this is like a 70% move right isol so 70% move within half an hour or 1 hour and yeah so if I switch to 15 minutes then there won't be like proper entry so there is no setup this if I enter here it's like chasing and all I don't see a setup as if I move to 30 minutes then yeah it will move but that's why I tend to this is my comfortable time frame everybody has their own somebody likes weekly somebody likes daily somebody like me likes 15 5 minutes 15 minutes somebody likes one minute so yeah so it's whatever is comfortable to that person but yeah when I talking about the magnitude versus the duration I to me I didn't see this kind of a comfortable comfortability or like this kind of a 70% move in this less duration in swing trading because if for this two if I have to see this in my trades or portfolio I have to wait weeks or months to see this kind of a move and also and also it's in this a week or a month most of the times it goes in the direction and also it slowly comes back and know takes my takes my buy point or stop loss so because anything can happen within this in this time frame in this duration in a month right any in the world any Market can any news can come and then whatever the strength it is showing now I need to depend on the relative strength and all but anyways it didn't fit my my personality that's what I was trying to tell and yeah this is the magnitude versus duration concept that I was talking about Amar neburi this sounds like a lot of stress watching the stocks on 5 minute and 15 minute do you agree or is it personal personality trait yes depends it's like a playing a video game hmer if I'm trying to actively trade then for sure it's like a stress like where is the setup if I see if I have to see the setup and then for example if I want to find actively trying to trade right then it will be a stress and but what I want to incorporate is what I'm trying to do is I'll just watch this and if there is a setup it pulls me in instead of me forcing a trade it should the market should force me in pull me in so in with that kind of a mset and with that kind of a style I feel less stressful but yeah for sure I need to be in front of the screens most of the times and as I said like if there are Market is weak or not many good Runners I'm okay I'll just I'll take that utilize that time to not watch screens not to be in front of the computers and go out and do something else but yeah there is pros and cons for sure yeah there is the cons is like I unlocked it it should be in front of the monitors and all those things but the process like where can I find the kind of for example this kind of a performance I was only doing for the first I was profitable from the beginning and all so this kind of a performance too right it won't it's hard to pull that out without without this kind of a Str so yeah it's there give and take I agree but yeah and also it depends on the personality TR too as you are saying it's not this is not for everyone it it it has to suit their Styles I know like Mark right and all like they're very good Traders with swing trading and all so it suits their personality and also there are many people that I follow on Twitter they are very good at their what they are doing so I think that's the main criteria first of all please choose a style that fits your style choose a tring sty that fits your character then only we can grow right otherwise it will be very problematic experience deok Shan what is the minimum volume you look for in a small cap to trade the minimum is one volume in the in my scanner deep the scanner that I have is where is it one 1 million volume but the more the better the more volume the better hey go go yeah can I ask a quick question on so this MPT and Min private access so if somebody wants to a swing trading like two three months kind of thing that won't work that's not useful no if you want to learn and all it's definitely useful there there is monthly subscription I think quarterly I'm not sure quarterly is there and then yearly yeah F take like monthly subscription and all no not from subscription point of view but the whole the MPT program and this private access that suits only for the intraday trading mentality or can it be used for it's not Inay for sure there is no for sure it's not intraday Mark doesn't even go to this five minute he this is the minimum one day is the minimum he'll go back yeah the daily chart is the minimum for him the time frame then he will go upwards like weekly but uh not to the 5 minute so yeah it won't to the it but the these are the exact Concepts that I it's like a mixture of as I saying that I'm an intraday swing Trader yeah these are the exact Concepts that if I don't if this is not if I don't tell this is a five minute chart this is the exact way even MTP or in the mpa program that we we were doing in the beginning like my goal is not to make 800% per year I'm happy if I can make 20% per year yeah sure I don't think that's true yeah but even with I was trying to say with and that this kind of a set up right if there is like perfect there's strength in here going sideways it has that look maybe you take this if you build a Playbook setup like this tight action like kangi what he does with this accounts like there's a tight action with low volume maybe if it take this size I enter here this would be my stop loss and then there that I'll peel off if somebody didn't tell me this is the daily chart if it's 5 minute I would enter maybe here and then peel off here and then hold the remaining position at my by Point here and then see what it does in the next few days or weeks and then add more or and then or know do the trade management and less stressful like we don't need to be in front of the monitors all the time yeah we can do the same thing but but as I was saying like this is yeah thanks go then I'll try to catch up if I'm also from Dallas so okay sure yeah definitely I'm as I said they available on Twitter and the site and yeah to talk I sent you a text so if you can okay thanks sure I had a question also yeah it's not also it's not too trading related but when you went to college in 2 if you knew that you're going to be this far and get this far would you have still went to college I would have still went to college I would have started early my trading one thing that I regret is starting late I 43 year old now I would have started early if I know this strategies and trading and all by this time I would have been making seven eight fig seven eight figures but but yeah have started early and I regret that because the earlier the better at least if for not making money or anything like that but more experience more there will be more time making time to make mistakes and more experience more time I wasted so much time that's what I felt even now I try to teach my kids my kids are 15 and 11 I try to at least no I'll give a paper account paper trading account just know get the concepts you don't need to make money or anything just continue with your studies that's what I S but in summer when you have time or the weekends or whenever you have time just go through the things charts and just get the concepts and later maybe in future when you are married and have kids it will become come handy maybe you will have a side income like a parttime job that and yeah who knows right so why not so I feel this is a very good income Source or like game or portal for people who are introverts or who doesn't know who are very good at managing themselves and where can I find no I made my yearly salary in one hour in La couple of times last year oh wow like where can I find this this Leisure this luxury yeah yeah and it is what it is once we get to that level yeah it's definitely worth it but but yeah for sure we need to start early that's one thing that's what I teach my kids to but they are not interested I know I know how it goes they are not interested okay that it be and actually I was willing to pay them like every one hour just I gave them Mark Min books and said I would that's funny yeah yeah read this chapter and give me a two pay synopsis and I'll pay you $20 and then he doesn't do that yeah it has to come from internal know has to be personal but anyways hopefully I'm I'm probably the youngest one in this call so I appreciate yeah sure so let me go I have this is B I have another question so you mentioned about the Min MBA program so how much time he personally spend with your subscrib subscribers on a weekday and weekend basis what kind of value weekly um on Mondays we used to have q&as Q&A session but it's like this Zoom session only that we used to ask questions on the chat and we will go through that that's the only time and that's the only interaction and now and then there will be whenever there is a interview or guest speaker that we used to listen to that but and then the weekends it's a one way like Mark will give the market report and watch this that's it yeah okay okay but all this will be recorded and all these past Q&A sessions for the past one year like there other video tutorials how to Pro do Progressive exposure P managements how to risk management all those things there are bunch of tutorials which I find very useful I was watching them over and over again actually I was wondering if if he is involving us to walk through the watch list how he look at the chart how he prefers the the watch list on a yeah I know that he has the templates in the Market Smith and all those kind of things yeah he has like 40 40 years of experience in oh yeah no doubt I read his books yeah he you need more practice more experience like you said yes yeah sure and by the way I'm not with MPA anymore I was with MPA from 2020 August to 2021 August and when I started once I started day trading I I on my own but right that's a very good start I had that's what like yeah everyone has to start somewhere right learn something and make mistakes and learn something and make mistakes yep for sure thank you I think we are up with the time how are we doing with the time was Miles uh we're we're doing okay with the time there obviously a lot of questions I'd suggest if you could just glance at some of the questions and maybe pick out the highlights that would be of use to folks sure and cuz I don't think think you want to answer all of them yeah forap can you point out failed setups and what to look out for I showed some mistakes that I did for hard like bias thinking analysis and taking the and re-entering with the sizes like those kind of things I did so yeah those kind of fail setups Manu do you ever trade in the one minute chart no I tried couple of times when whenever and it's too fast for my style so I tried with 1 minute 3 minute 5 minute 15 minutes in the past and I I concluded on the five minute most of the time so 5 minute is the comfortable time for me I'll I think it will have enough time for me to think analyze a pattern so yeah five minute is my favorite at the moment Matt Jolly how do you manage after slipage yeah there will be some slipage that's why I try to trade less or less size Matt there will be some slipage for sure but my my thinking is if it is going in my direction I don't mind the slipage much so I'm that kind of a guy brand how long do you what when it looks like it's breaking out to decide to jump in do you wait for volume surge or try to get in as soon as it's breaking the range so most of the times I for example here when there's volume to the left side when it's breaking out I actually anticipate that the volume is going to come follow up because there is in the left side it has the volume I don't wor for the because when I analyze the setup for sure there should be volume and there should be price action upward and then my setup forms so when the breakout happens that whatever the volume in the left side it will automatically come up so I just look at the price in that cases and mostly when it's breaking out the price I'll enter for do you wait for the bar to close or enter right at the break I'll enter right at the break forhead it looks like used to swing low as stop rather than the bar low in that equation so sometimes I wait for the bar to close for example here I waited for the bar to close and then in the next bar I enter so yeah depends on like where the eyes of the setup is how it's going in the how the look of the setup is Miles has a recording there Bruce what platform do you use to input your broker statements for statistics trailer sync is the platform Bruce but there are other very good platforms too I think trailer view or something like that yeah please you can search for that Daniel what platform do you use to record in and do the math performance for recording I use this Camtasia software the video for the video recording software but there are free tools too that's what I came to know too but for if it statistics that the screens that I showed like the win percentage or the number of Trades and all that's called Trader sync that's the platform that I subscrib to yeah thanks Matt I am at the central time plus do use hard stops or mental stops most of the times hard stops sometimes mental stops in this kind of scenarios as soon as it goes in my direction if I'm going in with size actually I I don't put a stop loss with the broker with the platform I just since I'm watching the screen anyways I have a mental stop that I'm exiting the below of this bar most of the times I don't even wait until here and exit whenever it's coming down yeah uh sometimes I don't use hard stops and when it goes in my direction and if I have to be away from the screen or step out and come back or first five minutes and then I'll just put a hard stop and then go are you available on Kino no I'm not hi okay so Elia I think I answered that question if I had to go back to 2004 you went to University you would still have went this is a pecular question because just to come to USA right from India I need to be an as student so for sure I would go to the university maybe if I'm a citizen here I would think about that question I would have thought about that question but in my case I would definitely go to the university IIA Matt where do you get float info from it's not in think of swim it is in think of swim Matt shares that's for they call it as shares uh here please go to this Widget the settings widget customize it and then in the left side you will see type in shares get to the right side you will see that that column to your thing C how do you screen or filter criteria for the small cap stocks I went through that c please watch yeah thank you got I got the answer yeah sure thank you Kiran for someone starting new where should one start resources I would say please start small with a small account risk small and try to find your comfortable time frame then don't lose much please first year of day trading I forgot to tell you first year of day trading I was risking only $20 per trade risk per trade and that's what I did the whole year every trade $20 risk so yeah start small and slowly will understand it takes a long time for in the trading as everybody said right like it's a degree that we need to get like PhD or a pilot or doctor like everybody goes through that lawyer right the it's a degree like that even though it it is simple to click the buttons doesn't need any qualification but to M to get master in this it takes time please know um so I start small go through Twitter there are many useful handles important free resources out there on Twitter it's overwhelming actually YouTube but don't get don't try to like what do you say Gras the information and try on your own and see what works for you RK small start small and please think longterm don't think in months or something like that please think in years long term so that would be helpful Barry what is the difference between shares and volume and think ofes shares is the float and the volume is like how many hands of transactions it's happening in in that in the time frame Robert five minutes feels like ages sometimes yeah yeah once once you're used to this sometimes the five closing of the S and bar like it you get I get so comfortable that this will take ages is very slow and then I have so much time to kill that yeah once you get comfortable that so definitely Matt do you have more success when daily chart is bullish or more stocks advancing versus negative on the day yeah Matt for sure I'll align my thesis Whenever there is a daily action for example whenever there is intraday for sure I'll zoom out as I said as zoom out and try to see where it is in the context of daily and for example in this case we can TX it had this strong G up and then it closed good yesterday now it started here so this it's doing a continuation run so I'll align my intraday thesis if I'm trading this day I align this with the daily and see where it is and then now I'll have more confidence doing the intraday trade here here so yeah I do that Delta Bravo how to scan for small gaps using Trader viewer Goan gaja Style thank you there is a Docs Google Docs presentation there James for Progressive RIS risk management what is the lowest size in percentage and how much do you increase percentage when you doing good vice versa how much do you decrease percentage wise when you're not doing good it's all it's all personal James I would say I'm comfortable at this point of St after 3 years of day trading and all I do it very fast like 5% to 10% to and then 2.5 and then 2% and then like that but some people the beginner Traders I would say 1% or 25% %% or something like that but yeah and and there are times when if I'm in TR and all I go to 1% or risk management so like that so yeah it's a mix and match there is nothing concrete it's all personal and what suits to the person personality of the trader they have to risk accordingly and for sure it trading is all about risk management it's 100% risk management only and the upside will take care of itself all thater needs to do is control the risk Amar please call me yeah sure Amar I'll take a notes of it but whenever I find time Delta bra to configure G scanner or think TC TR tc2000 yeah thanks Sumer sorry thanks Delta Rajiv generally what will be your risk rewards ratio it all varies Raj but as you saw my stats it's 3.5 4 to1 something like on on average membership recordings thank you thank you yeah thank you all that's all I think I went to through all the questions yeah okay I hope you find another movie to win no no more movies for me I think I found my my passion I was passionate but one thing is I'm an introvert and I like to do my own things but movie is a different world it involves lots of people managing other people and all I didn't like like that part of it I know that I like the shooting and all the filming of it but the post production marketing promotions and all release it's a headache yeah I don't want to go back to that yeah thank you for your 10 and thanks for the inspiration thank you yeah I hope um at least if some people few Traders they got some material out of this and if I could help them that's great that's thank you so much GG very inform unfortunately I believe vas was kicked out D oh vas is online he was kicked off due to internet issues but thank everyone for being here and I think that's it unless you have anything else so this recording will be available right I'll send you a link and I post a link for folks to to get it okay good go actually I am online but my wife is actually doing a yoga session our internet is occupied but I just want to thank you so much for your time and incredible presentation I really appreciate it and I think you help out quite a few people to give them on which way to go so thank you so much by