Golden content, Richard! Yes following these RU-vid videos can be helpful, but as Newton once said ‘ If I have seen further it is by standing on the shoulders of giants. Nothing beats experience coupled with proper risk management.
Well, I am still far from becoming a sophisticated trader but I do believe the need for pro guidance as regards lucrative outcomes cannot be overemphasized.
Over the years, I invest using pre-planned entry and exit signals from Kevin S. Mikan; a certified FINRA expert. His trades are being reflected on my account so whenever he makes a trade I get profits and in return I send him 20% as commission, his system has really been top-notch, invaluable … oh and beneficial!
One common theme amongst the legends that you’ve interviewed is humility. Mark, Stan, and others, they’ve come off very kind and willing to go through their mistakes and hold our hands through charts. Very generous with their time.
Stan is an absolute rockstar. One of the foundational pillars of my stock market investing is based on his Stage formation and 30 week MA indicator. Forever indebted to Stan for writing that excellent book.
@@believeinyourselfrob4378 Hi! There is not a huge difference in using either of the 2. Key is to be consistent in your application. Don't switch between EMA and SMA every now and then.
@@tradeswithjohnnie 30 WMA is equivalent to 150 DMA. A week has 5 day sessions so multiply 30 with 5 to get 150. In his book stan has emphasized the use of 30 WMA but here he is indeed tightening up by using 50 DMA.
I was introduced years ago to the head trader for the George Soros family fund. He told me the fund subscribed to Stan's newsletter ( I think it cost $ 50 000k a year back then if I recall correctly). Stan is a legend.
A few key learings : 1) look at your losing traded also 2) stock pickers market 3) gap exhaustion principles 4) 50 dma is fairly important and crossing it up or down ia serious 5) over thinking. 6) stick to the price 7) gap not filing is a powerful signal
I am a fairly new trader, and I'm starting out trading Forex. I bought William O'Neil's How to make money in Stocks, and Stan's book. I am currently ready Stan's book now. He breaks the fundamentals of trading down so easily. Now all I see now is the stage analysis on any chart no matter what time frame I am looking at. I cant un see it at this point. Stan is the Man! Thank you
Thank you Stan for being so gracious with your time and knowledge. You can see that he truly wants to teach people to be better traders! 🎉 Great interview Richard 👍👏👏👏.
Same here, his name is not banded around much among great investors and traders. when I found his book 'Secret for profiting in Bull and Bear markets, I was wowed by how simple his stage analysis principles really opened my eye to the market. Thanks for bringing Stan to us @TraderLion.....
My Sunday began at 5 AM in India watching this video. What a powerful one. Thank you Richard for bringing to us the legend whose book was the first I read and it still continues to guide me in my positional investing journey. Thank you.
We're just happy we got him to present this year! If you want to learn more directly from Stan, we partnered with him last year to create his Stage Analysis Masterclass: traderlion.com/stan-weinstein-stage-analysis/
It's amazing the concepts written 30-40 years ago still work like a charm. Recently finished his book and it's been an absolute game-changer for my trading/investing journey. Thanks for bringing this :)
I am hearing Stan sir for the first time but I just fell in love with the energy & enthusiasm of him.. Hope I also manage to have the same+ some of his trading success when I turn his age..😊 That aside..very useful knowledge Stan sir.. Thank you & Richard for the wonderful interview..
Have the opportunity to talk with The GOAT of trading is unbelievable, STan Weinstein. Really appreciated this interviews with Stan, they're awesome. I've read the book twice and I always learn something. Thank you. Regards from Barcelona
Thank you Richard for bringing to us the legend, he is number one, his book is amazing, we hope see him every month with some analyse of the markets... Great thanks Mamoun ALI
Wow just found this video with a Trading Legend , what a treat . I just finished his book a few weeks back , really awesome book. Thanks for this video lt is great.
I observed that only daily charts were used. Was there any need to go to shorter time frames i.e. 5 min and the 1 min chart? Stan's book was the bible I kept on my desk from day one
Like Stan covered in the video, he believes with more trading automation and the drop in commissions volatility has increased. While he still focuses on weekly charts for the longer term trends he's been more using daily charts to defend his positions sooner than he would have historically.
Global Trend Alert is Stans service to institutional investors only. People who sign up for his Stage Analysis Masterclass do get 1 month access, but not direct communication with Stan like the institutional investors.
Thanks Richard for getting Stan on the vlog again ... read his book in the early 90's and I still have it in my bed side table and read it about once a year. I will never forget the lesson of that weekly chart with the 30 week ma ... changed my life !
but I think he's tweaked the method in the book. I think he uses daily 200SMA and 50SMA and uses daily charts more than weekly charts. That book needs a new edition for the 21st century badly
Excellent clip Gents!! Thanks very much and greatly appreciate all the wisdom, knowledge, and insight. I have read Stans book a few times now and got even more out od todays' lecture. Great work and thanks again!!
@@TraderLion For sure, great insight and pure trading awesomeness. Thanks again for getting the best on your site and real class acts too as they are great people as well....
Nice job. Great episode. Could you help me with something? Stan, in his book talks about the 30 day MA, but in this episode he talks abput the 200 day MA, 50 MA, then, which one apply to the strategy on this market? the 200 day MA or the 30 day MA? 🎉🎉🎉🎉
Great question! Stan mentioned during the masterclass that the market acts a bit quicker and volatile recently so he's shifted some of his focus to the longer term daily MA, but he still looks at weekly charts too!
does the master class come with material to keep and refer back to after the class? and how long is the one month access going to be available, as long as the master class is going on? I am reading Stan's book now and would like to take the class after i've gotten through it. Seems to be the most logical thing to do to get more out of the master class. Thanks!
Great questions! The live course finished last year, but all of the course material and webinars are saved so traders can review the content as often as they'd like! Unfortunately the month long access was only after the conference. But on the bright side, we are running a summer sale 65% Stan's course: traderlion.com/stan-weinstein-stage-analysis/
Yep! All the webinars are saved so traders can review the content as often as needed. The 65% off summer sale is still available too! traderlion.com/stan-weinstein-stage-analysis/
Hey Richard, can you comment on what you mean exactly by finding good groups? Is the process to use the charts of the overall market 1st (stage 1A to 1B as example), then look at group charts (stage 2A) Then look at the stock charts within those groups that are showing most potential... Or Is there some other process for selecting the best groups? For example: looking at finviz heat map, or weekly strength to see which groups are performing well. Your insight would be greatly appreciated
Usually, what I do is I look at the charts and try to confirm if it is in stage 2 as per Mark Minervini's trend template. I prefer stocks that don't have an overhead supply for at least 50% above the CMP. For group strength, you can refer to marketsmith's group ratings. They sort every stock into one of their 197 groups. Prefer stocks that are in top 40 or so groups.
Access the presentations of all 24 experts from the 2023 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC23
4:55 Tape tells all 10:00 A/D line, 200 day MA 14:00 Keep it simple, don’t overthink 15:00 Discipline 18:00 QQQ in stage II uptrend 24:40 AAPL 28:30 DISCIPLINE 29:30 True to thyself-Be who you are 33:20 ARLO-gap up 36:00 Trees don’t go to the sky; some gaps don’t cover 37:00 Importance of gaps 40:00 Sell below 50 day MA 43:00 Gap from stage 1 to 2 = very bullish 44:00 Forest to tree approach, and high volume 46:10 NVDA 50:00 Sell/short lower peaks 52:00 H&S top and breaking below 50 DMA 54:00 Forget the news
Ótimo vídeo, com pontos importantes. Primeira vez que ouço falar Stan e você Richard. Algumas coisas não entendi mais vou procurar sobre. Já, quero dizer o que pensam sobre o nova onda do SMC /ict .
I love Stan Weinstein, and his book helped make sense of the stock market at a time when I really had no idea what I was doing. However when he repeatedly talks about being on the right side of the market 8 out of 10 times, it makes me wonder if he's being overly optimistic or he's intentionally overselling himself? I ask because he mentioned it in his book as well and I initially went into breakout trading with some unrealistic expectations in terms of batting average. Nowadays I'd kill for a 50% batting average lol
Global Trend Alert is Stans service to institutional investors only. People who sign up for his Stage Analysis Masterclass do get 1 month access, but not direct communication with Stan like the institutional investors.
Exactly right. Everyone over thinks this stuff. If you over think this stuff you talk yourself into seeing something that isn't there. All of these negative fundamentals don't show up in the charts or the stock market. This is a market of institutions and liquidity not fundamentals.
@@TraderLion They haven't mattered for 15 years. This is a liquidity driven market and has been since 2009. Anytime the market has started to rely on anything fundamentally depressing they kick the can down the road and print up a bunch of liquidity to keep bond yields low or interest rates. This is why the only thing that will cause this market to crash is a credit freeze. When the liquidity is no longer available, but even when it starts to freeze all they do is print more money to unthaw it. Not much risk if big brother is always bailing you out. And those who try to fight the fed always lose. "oh they can't do this or that forever, they aren't bigger than than the market" These are the ones wondering how the hell we having this 20-30% rally since October. I don't know look at the liquidity production through the DXY, 10 year bond yield and HYG since then. Then you understand how.
I think we need to be careful not to think in terms of absolutes - always, everyone, all, etc. etc. Stan has mentioned many times - it's a probability game. There are plenty of examples where the tape and fundamentals were in-sync - look at 'BOOM' in 2009 or so. If you want to shift the probability in your favor, your best chance is by focusing on technicals.
@@keykoolcat The technicals are the footprints of the institutions. Institutions make stocks go up or down. Look how long the fundamentals have been wrong so far. You proved my point. In my original message I said the fundamentals haven't mattered since the 2008 crash. Since the introduction of QE only the technicals have mattered because you got to follow the money flow. There are a ton of stocks out there that have great fundamentals that are at their lows. So hows the fundamentals good? Technicals are always good because you use them to follow money flow of the institutions. If the institutions aren't buying the stock even with good fundamentals then why would you want to buy them? I want to know when to buy (technicals) not why (fundamentals)
Could someone help me to understand where he bought in aapl 26:00 he said we did a little bit more buying. I'm lost on where he made the first buying and why.
Is there any way to get ahold of Stan? Seems he’s made himself unavailable to the masses (understandable) but it’d be sweet if you could try and persuade him to work on a follow up book or how his method has changed since he wrote it. Thx.
No word on a new book, but last year he partnered with us on a full Stage Analysis Masterclass you can find here: traderlion.com/stan-weinstein-stage-analysis/
In his book Stan was all about weekly charts, in here you use daily. I know that trading systems have to evolve through times, but has Stan changed his views about time frames?
Stan still uses weekly charts to define trends but specifically splits managing positions for traders and investors. He mentioned in this interview that with the declining commissions and increase in robotic trading that volatility has increased and requires traders to manage positions differently.
@@TraderLion I have a few clarifying questions. First, thank you for the interview. Do you mean that traders AND investors need to manage their positions differently? I heard him say that he advises even the longer-term client (are these investors - would be nice to have consistent terminology) to take some off the table after a 50dMA break. So, my primary question is this - what about trailing stops? Stan goes into this topic at length in his book. He rationalizes (wisely) their use because of volatility - 'give a stock some room for zigging and zagging.' I would think that the volatility of today would require a disciplined use of trailing stops even more. I don't want to misinterpret Stan's personal approach as substituting trailing stops (which affords a certain 'hands-off' lifestyle) with more babysitting so you can catch the 50dMA break. However, at the same time, I recognize the opportunity cost of waiting for the recovery in the hospital, but Stan doesn't mention the conditions of when an INVESTOR would want to side-step the repair work and just move on to the next Taxi. Thanks for your time! I'd also like to know the psychological and technical reasons for going with the 40WMA (200dMA) versus the 30WMA which is an anchor throughout his book. Thank you! Feedback - when reviewing the charts, it would have been good to hear the Stage Analysis (with annotations).
Agreed. There's plenty of ways to make money in the market. You have to find the system that works with your personality and risk tolerance to personally succeed!
Read his book a few years ago. It was recommended to me by Shaun Attwood who made millions in his twenties. Haven't traded much, I'm investing long in emerging markets for the time being. But what a guy.
If market makers know that people are looking for the 50-day moving average, might they purposely drive it past the 50-day moving average t pick up shares?
@@TraderLion Thank you,. So how would you handle this. Do you get back in if you like the stock when you realize it was a shake out or do you wait a day or two after the tock break the 50-day moving average?
