Bravo Richard for letting this guy talk without being interrupted at all. A lot of interviewers would be tempted to break his train of thought and derail him with a pile of other questions. Although, some guests start to ramble and need those interruptions to get them back on track, but Richard did a fantastic interview here. Nicely done.
This is an easy watch, -jay is both humble and informative upon both his journey, his revelations from judo , but his journey of both understanding on markets and his current stance. Much to learn from this plant based athlete as we journey on. My pain tolerances are larger than jay but I have much to learn!
This is so surreal, I used to watch this guy's youtube videos a few years back when he had a fairly active plant based channel, I'm pretty stoked to see that he's also a badass CANSLIM trader
Richard. I have watched about 5-6 of your interviews. These are wonderful for any level of trader, regardless of their type or experience. The discussion about where these traders get their motivation, their inspirations (building that library right now), and most importantly the psychology and routines they use. Invaluable information in every interview. Thank You for your dedication and the time you put into these interviews.
Richard love this interview. You had Jay at ease in seconds. Such a gift to be able to read each and every guest to allow them to share their story without interruption. You are the greatest at this, i said it when i first came across your channel last year and its no surprise your channel has grown exponentially in such a Short time
Timestamps: 0:00 Intro 1:41 Jay's Background with Trading 3:00 Finding IBD/CANSLIM 3:25 Working in Finance 3:40 Trading in the Late 90s, Working as a Broker 6:25 Advice for young traders, Focus on Financial Literacy First 6:55 2007-2008 Crash 7:10 How to make money in stocks by William O'Neil 7:25 Entrepreneurship 7:40 Emotional Preparedness for trading 8:33 Top Trading Books. Livermore, Morales, Boik, Kacher 9:10 Jay's Trading Style. CANSLIM and OWL 9:23 The important thing about How to make money in stocks 10:45 You have to develop your own style. 13:40 Weekly and Daily Routine 14:05 The Growth 250 14:50 Accelrating Revenue and Earnings 16:10 Learning how stocks trade the character 18:10 Do you wait for volume. Price First 18:50 Intraday Swings 19:00 Three ways Jay buys 19:20 UPST swings 20:00 Batting Average, Risk Ratios 21:00 FUTU Story 21:40 Don't get attached to stocks 22:22 Jiu Jitsu and Trading. Benefits 22:50 Being Comfortable in uncomfortable situations 24:30 Jiu Jitsu and trading concepts in context. Experience and Patience 26:15 Determining Trading Conditions. Stocks First. 28:50 2020 was probably the worst thing to happen to many new traders 29:25 Oliver Kell, Know who to talk to about stocks 29:55 Be very careful who you listen to about stocks 30:22 Keep your focus narrow eliminate noise 31:00 Love the grind and the process. 34:00 How to use social media properly 37:00 The first thing I look at before I buy is where I will get out 37:30 Mike Webster Expectation Breakers 38:45 Relative strength and Market Leaders 40:00 Market Feedback on buys 41:26 Losing the Ego 42:00 Don't argue with the market 43:00 ABNB Undercut and Rally. Bottom Fishing Pocket Pivot 45:00 Stop on the 10day 46:00 APPS Undercut and Rally 47:25 Stops on a closing basis or intraday basis 50:25 Growth stocks recovering. Character change 51:30 Follow the market leaders 51:40 Monday morning gap ups and downs 52:57 FRHC Undercut and Rally 56:40 Tight weekly closes at the bottom of a base 58:00 Earnings, Sales Growth, Estimates, ROE, Funds 59:30 Moving average undercut and rally 1:01:40 Hourly Charts, Tight action 1:03:00 Early entries 1:04:20 AMAT analysis 1:06:30 NVDA Market Leader. Base Analysis 1:10:00 Buying Pullbacks 1:11:28 RBLX analysis 1:13:30 When to wait for the true standard pivot 1:15:02 GLBE Analysis 1:17:00 The Lifecycle Trade 1:17:30 MYTE Analysis 1:20:17 Earnings Estimates 1:20:22 TGH Analysis First Stage Base 1:22:47 OLO Analysis 1:23:00 DV Analysis 1:25:50 Position Sizing With IPOs 1:27:20 INMD Analysis 1:29:20 Accelerating Fundamentals 1:30:00 Sister stocks showing strength 1:31:00 Adding shares, position management 1:35:00 Position versus Swing Trading 1:38:00 Number of setups- market conditions 1:39:17 Advice for traders to shorten their learning curves.
It amazes me every time I see these interviews hosted by Richard that he never ever interrupts a guest! Not even once! Such a rarest of rare trait of awesome host!
Just started following Jay a few weeks ago on Twitter. Everything he speaks of here resonates with me so much. In my 4th year now in the markets and the last 6-12 months have been so important in learning what Jay speaks of in knowing the market and how it works, not just looking for a pattern, there's so much more behind the scenes that goes into successful investing. It really is like a jigsaw where you must find the pieces over time to complete the puzzle, you really have to be on point and paying attention 24/7 to 'find' these pieces. If you fall asleep at the wheel for a moment then you risk losing some and the puzzle just won't come together! Easy in theory but very difficult in practice!
Such a fantastic interview. "I don't let a mistake turn into a disaster". Great advice. Everyone should watch this interview (all of Richard's interviews- but Jay is so down to earth and practical!) Jay's candor about his personal journey really reached me. He is a very bright man with integrity. Thank you for doing this interview. You may reach many who have struggled in their life.
DAMN RICHARD/ love your composure and your interviews!! As a young man I'm learning lots and lots of references from you!!! Much appreciation keep up the great work. Natural hater here but had to comment and say thank you!
hope you keep doing this Richard.. Just to hear a practitioner express himself, is simply unreal.. wish the conversation was longer, more of trades he did take, thinking behind it.. would have been something amazing.. but this was an excellent lecture i feel.. good lessons.. thank you Jay and Richard.. God Bless..
What a chill, relaxed, humble, relatable and seemingly approachable dude. I wish I had his personality. That's certainly helping him with stocks so he doesn't anxiously and emotionally make decisions that cloud his decision.
One of your best episodes Richard! Thank you so much. Actually, I owe you thank you because thanks to you I got to know one of the kindest people in the world - Pat Walker. Great job Richard. And thank you again.
I have watched all of Richard's videos and this is one of my favorites. I am new to trading and Jay confirmed some of the approaches I have seen work recently, and more importantly, how to manage risk. Very, very constructive interview. Thanks to both of you!
"Know who to talk about stocks" was really key. More often than not, when I'm following my friends on a trade it's a loser because they don't know shit. They are just copying things they see on discords or from other guys on twitter and not doing their own research. Every big trade I take has come from my own technical analysis and thesis.
Richard, love Jays passion. I like his common sense way to start investing with education and financing the right way. Lastly, your 3 month RS video was awesome! Thumbs up as always 👍
I've been doing bjj for 11 years (brown belt), definitely agree with Jay, it really helps keep you cool calm and collected. Highly recommend giving it a go. Another great interview 👍
Great interview, Richard! Jay is one of my favourite follows on Twitter. I do BJJ as well and fully agree with his comments on its benefits. A black belt is just a white belt that never gave up!
I really appreciate how you mentioned that HTMMIS gives you a system, but you need to make it your own. I find so many people talk about the book, yet I notice they dont buy when the book says to (they always seem to buy earlier). I still need to develop this early entry knowledge. Thanks for the info!
What a fantastic interview! Jay thank you for sharing your knowledge and insight. I took two pages of notes! You are the real deal. Thank you! Well done as always Richard!
Can't wait to hear this! I am also a plant based 80/10/10 trader. And live in MA like Jay. This diet gives us an edge I believe as it really helps with cognitive function.
Your channel is just absolutely gold my man, thank you so much for all this great content. This is so incredibly valuable for new traders like me. Keep it up!
Hi Richard, Great interview with Jay, it was great learning also it was excellent in terms of mindset specially for beginners. Keep up the good work, hope to there will many more great interviews in coming times
Hey Richard, really enjoy your interviews! Can you please make a video or interview about possible job routes that open up for traders. I genuinely understand that working for someone is not the end goal, but while progressing in trading want to have income which can be related to trading, so I could learn even more)
@richard Moglen : Lot's of gratitude. I have listened to several of the interviews you have done. This one I hv just viewed it for maybe 5th time.. GOD BLESS YOU man ! Jay is just such a fantastic person. Most of your guests are btw ! I hv started similar stuff : Strong RS , Uptrend CMP>20>50>150 and 150 today>1mth back>2mths back ; less than 25% away from YH and then Breaking Out. Breaking out from even small congestion. Atleast I know what I expect the Price to do and what my Stop is. I usually get my 8 to maybe 40% in just 1 to 5 days..Once In , I get out if I see weakness on Hourly Chart. Or If I see Reversal from a Very stretched away from 5 / 10 MA. I dont catch the bottom Or Peak. I may walk away from a monster. BUT I hv really small Losses and have enough Gains. Am learning to not have FOMO either side. A lot of ideas adapted from all the great books + your interviews. Wondering If it's a good idea to do this full time.
If you end up trying Jiu Jitsu I think you need to decide if you want to do sport or self defense. Some people say its all the same and it's not. In Self defense you never turn your back when you are on the bottom but in sport they teach you to turn your back because it's all about time and a point system when you compete. Jiu Jitsu is very addicting.
Hello Richard, your interviews are awesome, thank you. Question: Everything in IBD and your presentations are geared to go long stock. As I usually try to keep long/short portfolio, do you have any advise how to find lousy stocks with IBD systematically that are more likely to go down, this might interest a lot of traders? Any advise very much appreciated!
Nice one! I still struggle a bit with position sizing... I see where i'm going to buy and where my SL is and i risk around 0.5%/1% of my account per trade. So i just take my Risk / Entry - SL = Number of shares to buy. Is it right to do it this way or is there a better way? Thks
Who is the guy he mentions in min 29:20. I perfectly understand the conversation but my Engliah is not that good. Thanks for these videos. Best wishes from Spain.
If Jay donated $100 every time he touched his nose, he will be a big donor in 1 day. 1-2 % Intra-day stop loss 18:50, 20:20, 21:10, SL 0.33%- 44:35 , 1:22:30, Undercut rally, 44:00, 36:50 preparation previous day. Intraday entry 47:40, 1:00:40 cheat set up 50 dma BO + inside day, 1:03:00 - develop your own spin, 1:10:40. Inside day, 1:15:30 before 10DMA on inside day on day 4, 1:00:20, 1:25:10. Position size 1:25:30 15% to 20%, 1:25:55
I been following this dude on Twitter. he talks a great game but he is a major baby. He gets but hurt at everything. And he is really condescending. its like if u follow him u are an idiot and u know nothing. truth is I been trading for a while and he talks a good game but he ain't as good as he thinks and his stocks are major thin. they have great earnings but real thin names. truth is I think he believes all these Twitter con men, and because he ain't trading 100% profit a year. he thinks he is a failure.
