Such a power packed interview that one can't afford to miss for a second what Mark is telling. This was possible because of your high quality questions. Thanks for the interview.
Timestamps 0:00 Intro 0:47 Mark's Background 3:25 Love for competitive games 6:25 Beginner trading mistakes 8:35 Style Drift 10:35 Staying Disciplined with a Strategy 13:15 Having a consistent process 16:20 How to analyze market conditions and find setups 20:00 Mark's Daily Routine 25:00 When do you buy a stock? 26:49 Mark's Trading Style 28:20 Selling into strength to finance a longer trade 30:30 Situational Awareness 32:44 Buying Breakouts versus Pullbacks 35:30 Charting: Powerplay Setup 39:00 Shakeout within the setup 41:30 X US Steel Losing example 43:20 VYGR Example of a powerplay that wasn't tight enough 44:30 TH example 45:40 UUUU Example 46:40 Constructive Price and volume action 47:40 Shakeouts, Driver behind a HTF, Neglect phase before the setup 55:20 Overhead Supply 55:30 Buy point and stop loss placement 56:30 LUNA Crypto HTF 1:00:14 DOT Crypto HTF 1:01:28 Selling into Strength 1:03:44 Length of the HTF base 1:05:58 Current Market Conditions, what would mark need to see to get aggressive 1:07:55 Conditions can change quickly 1:09:00 Ignore old leaders 1:09:40 Stocks point you to the leading groups 1:10:20 Does Mark consider Macro conditions? 1:13:10 How to do Post Analysis 1:17:00 Advice for traders
Very excellent interview, interviewer and interviewee! Thank you Richard and Mark. A little suggestion may I , for the real example in the interview for the entry point, if you could ask them how did they exit the trade, that would be great, I am so interested and curious about it!
No disrespect to the previous guests because you have had some super pros on your channel Richard but this Ritchie guy is a really good interview. Thank you.
Thanks Mark and Richard. It doesn't grow the account, but it is reassuring to hear more experienced traders voice out how tough the markets are these days. Good interview, as usual. (ForwardtoInfinity).
This is exactly the kind of explanation i was looking for on HTF/Power Play setups. Turns out I have actually been doing what Mark has explained here. Thanks a lot Richard for bringing us this wonderful interview. HTFs and VCPs are the only 2 setups I trade and this information just boosts my morale to keep it going!
I see someone commenting on the lighting, which I think is nonsense. As long as the microphone is close enough to the speaker I'm happy. Interviews like this are mostly just listens to rather than watched.
A suggestion. It's great that you have a great camera and microphone but, you could make the interviews even better quality, if you spent some time getting your guests to position their camera better, and also not have light behind them but in front, so that their picture is better quality. Sorry Richard, they are the star of the interview and should look better than you !
CUTR looks like SUFB, The previous base looks very similar how it doubled and then fizzled out. I think it’s better when you have a stock that doubles after it comes out of a base. The spreads on this stock are also so wide, I don’t know how someone can put any size on a thin stock like this. If anyone wants to study a power play go look at PRTS which broke out on 07/08/20.
Love listening to traders that don’t know or care anything about the fundamentals of what they are trading. Good thing he got out of terra Luna and didn’t get into voyager
Great video again Richard thanks so much for the hard work its gold content for me. I have a question if anyone could help me (I am kind of new to this), at 28:44 when he talks about sell out a piece at multiple of his risk from 2 to 5 to 1? He is just referring to his ratio right ? (example he has an SL at 5% he will take a portion of profit at 10% 25 % and 5%? I dont really get the "1" coming after 2 and 5)
No such thing as "Weak Hands". That comment comes from Pumpers or Experienced Traders. There have been new traders in the last 2 years learning and making mistakes and successes who may at times have to Sell to protect their small cash flow and less experience. The lesson should be why do these so called "weak Hands" sell and why they should Hold. Its a teaching moment. All these Gurus do sell while others hold. Some traders have Held TESLA for 10 years. Some traders have Sold TESLA many many times for 10 years.
@@RichardMoglen yes I know. Was just referencing when the phrase 'weak hands' is used. Less experienced traders have to protect their capital by selling when they are at risk. Your guest also said he sells when at risk. Neither scenario is 'weak hands' because no one knows the direction of a stock, but the phrase is used after the fact.
@@Andrew-dj1wd Weak hands refers to anyone who uses stop losses. I agree with what you are saying. He is not using weak hands as a negative adjective. The goal is to be the last weak holder after supply has been wrung out within a base or after a shakeout
@@RichardMoglen I have only been trading for 2 years, part time while working and trying to graduate from medical school. I learned trading from others on Twitter and RU-vid. I have since focused on a few RU-vid channels to develop some basics, a system, a few set-ups. Protecting Mindset is likely the top equity in trading. New traders who don't want to be labeled a "weak hand' or 'paper hand' on Twitter have held stocks and lost tons of cash and wrecked their mindset. That's my main point for your viewers. Your channel is awesome for learning.
@@Andrew-dj1wd"weak hands" is often used neutral term in trading. It also used in O'Neil's book and Mark's book. Don't take it wrong. I am/was "weak hand" a lot of time. I was shaken out and only watching the stock taking off without me.
Awesome content and truly inspirational...Marks strategy and comments/answers were easy to understand and full of common sense..if one watches this video once everyday profitable trading is on its way😄 thanks Richard for asking all relevant questions and keep up the good work👌👌
I know it when I see it is not a trade setup, it's said by someone who can't explain how they make money in markets. They don't know. Also, when something is so obvious in a hot stock/hot sector a 5th grader can see it, buy it. Stop buying behind peak formation highs and pin hammer engulfments in trash names. Forget this dude, bring me on your show. I will show your viewers real setups on an intraday basis they can profit from with pictures, with clear explanation, that happen over and over and everyday. Your audience needs it put in they're lap it's why they're here. This is useless.
