What Advice 3x US Trading Champion Gave his Son?
What David Ryan taught his son Sean Ryan and helped him place second in the US Trading Championships; Look back over your previous trades and learn from them.
Chapters:
2:00 Gary's filtering when scanning Momentum Leaders and first layer of research
Quarterly Momentum Leaders
4:00 LRV
7:00 Gary's new watchlist - the 100 Club
7:30 LTP
10:00 EZZ
12:00 NOX
12:45 BIO
13:10 SGI
14:40 B4P
15:25 Leading Thematics in Momentum and Launch Property Lists
17:00 WTM + OSL
18:00 ACW
18:20 AAR
18:50 SMI
20:20 Would you rather Trade a steady rise or Explosive Leader?
21:00 How to adjust stops as the share price climbs
22:30 EVS
22:45 HUM - building a Cup and Handle?
23:00 ZIP comparison
24:30 FEG - VCP breakout
25:00 Launch Pad Leaders and Themes - Travel stocks rising?
27:00 BMN recap as a previous Launch Pad leader and why exiting a leader is part of a Momentum trader's plan "When they're done, you've got to get out of there"
29:00 ASM
29:40 OBL - the trade Gary missed
31:10 ABB, the other trade missed this week + TYR as a comparison to understand the Game Changer Trade
32:40 Trading around the 200DMA and Stan Weinstein stages
34:30 DOW - VCP in a VCP
35:30 SIQ
35:50 VSL has a VCP + SEK comparison for a lose VCP
36:40 WCN Sideways movement
38:10 ARF Property leader
38:30 AFG - tightening underneath the high
39:30 DRO - trading after a crunch, or move into the Sin Bin?
41:00 CCP 0123 lows, what to look for now
42:00 MAF ABB Game Changer jumping on announcement and waiting for pullbacks
42:40 Trading Advice for the week from David Ryan inspiring Gary's reviews this weekend
44:00 Taking Profits in terms or 'R', or amount at risk and adjusting the stops up or 'Back Stops'.
46:00 How much capital is Gary allocating to each trade?
49:00 "Hard Penny Environment"
50:00 LTP Trade review
53:00 Sean Ryan's win rate less than 30%
56:00 Probe trades and Pyramid trades
57:00 MIN chart review
1:00:00 SHL Chart review - why I wasn't happy that I bought $0.03 from the major low
Key strategies include focusing on trading stocks in the top half of charts, building positions during strong rallies, and maintaining discipline in investment approaches.
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Market Cap filters of $25m
Market Volume Filters of $50k for the day up to the point of calculating
Scanning less to find the market leaders: Gary covers the Weekly 3030 List for the ASX's Top Momentum shares for the quarter and weekly leaders. Reviewing the List Gary covers the trades he's looking at that are on the Launch-Pad, fuelled up and ready to run. Exploring the charts to understand the best performers today and those poised for a breakout in the next week or two.
Companies discussed today are:
Larvottoresources, Ltr Pharma, Findi Limited, EZZ Life Science, Noxopharm, Biome Australia, Stealth Grp Holding, Beforepay Group, Waratah Minerals, Oncosil Medical, Actinogen Medical, Astral Resources, Santana Minerals, Ora Banda Mining, Envirosuite, Humm Group, ZIP Co, Far East Gold, Ausstratmaterials, Omni Bridgeway, Aussie Broadband, Downer EDI, Smartgrp Corporation, Vulcan Steel, Seek, White Cliff Mining, WIA Gold, Murray Cod Aust, Arena REIT, Aust Finance Group, Salter Brothers, Droneshield, Alpha HPA, Credit Corp Group, MA Financial Group.
LRV asx, LTP asx, FND asx, EZZ asx, NOX asx, BIO asx, SGI asx, B4P asx, WTM asx, OSL asx, ACW asx, AAR asx, SMI asx, OBM asx, EVS asx, HUM asx, ZIP asx, FEG asx, ASM asx, OBL asx, ABB asx, DOW asx, SIQ asx, VSL asx, SEK asx, WCN asx, WIA asx, MCA asx, ARF asx, AFG asx, SB2 asx, DRO asx, A4N asx, CCP asx, OBL asx, MAF asx.
Gary’s Magnificent 7 (ASX) Breakdown:
7x ASX Best Momentum Stocks | DRO GTK CU6 SPR WA1 NXL BMN
The World’s Best Traders Review:
How to Achieve Tripple-Digit Gains | The World’s Best Traders
Mark Minervini's Volatility Contraction Pattern (VCP) tutorial here:
https://www.arrowequities.com.au/volatilitycontraction
Lithium Breakout Stocks on the ASX:
https://youtu.be/_hBqXQ5kyas
High and Tight Flag tutorial using Small-Cap Miners as exampled is here:
https://www.youtube.com/watch?v=Et0VykVtqDc
Trading Pocket Pivots from Gil Morales and Chris Kacher's extension of William O'Neil and his CAN SLIM trading methods:
https://youtu.be/hGb8qoe4kaU
Our playlist on technical analysis on US and AU share markets is here:
https://www.youtube.com/playlist?list=PLVMOgaPqrk1vNec2MB8n_C_48oaznRF4N
[Disclaimer: this is not taxation, financial or advice. Seek your own professional opinion on how these investments impact you and your personal circumstances. Presenters may have commercial interests in the investments discussed]