Welcome back to another episode of The Market Chat. Leif Soreide is the winner of the 2019 US Investing Championship. In this interview we cover his methods for finding high momentum growth stocks how to trade stock breakouts using high tight flag setups, rocket bases, and Volatility contraction patterns.
We discuss how to increase the odds of success using Relative volume, ATR, and price and volume action. We also go through many different charts and examples such as FUBO YALA EH UAVS GNRC and many more.
Check out Leif on twitter: / leifsoreide
Have a good one!
-Richard
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Timestamps:
0:00 Intro
0:50 Leif’s Background and Influences
2:45 Work with a group. Accountability and Avoiding Style Drift
3:40 New Kid and Business
5:20 Relative Volume Sort on Finviz Elite
5:40 Charts Move based on Volume
6:00 Look to see where the money is going, what groups
6:50 How do you find stock ideas
7:40 High RS, Near Pivots, ATR declining
8:25 What is ATR Average True Range
9:30 Use Alerts
9:55 How do you decide which breakouts to take?
11:00 Be flexible
11:25 Market Conditions
12:00 Protect the Equity Curve, Size down manage Risk
12:30 Defer to the Fed
12:50 Using the FFTY for Market Conditions
14:50 Are they going to save it
15:00 Looking at the IBD 50 Charts, Analyzing the right sides of bases
15:45 High Tight Flags
16:20 How does Leif define “Extended”
16:30 EH Analysis
16:55 Using PnL to determine whether to press or scale back.
17:10 I hope this is like the dotcom Bubble
18:20 Position Sizing
18:40 UAVS Analysis - Drone - Volume Trigger
19:50 Base analysis - Cup and handle within the volume
20:20 The Theme is popular, the big money is in the skyscrapers
21:12 The Significant Other Indicator
22:00 GNRC analysis
22:10 Candlestick Patterns VCP
23:10 Watch out for a stock drifting up on low volume
23:30 FUBO analysis
24:00 FUBO expectation breaker, high volume
24:45 Doesn't buy over 50% deep bases
25:20 Risk Multiples - R multiples
26:00 Keep an open mind and never turn your back on a stock
27:10 YALA Analysis
27:15 What is a Rocket Base? Failed HTF
28:13 Confluence of Mark Minversini Cheat and Downward Trend Line
29:20 Trusting your stop
30:30 Have confidence in our system
31:00 Supply and Demand
31:05 Edit Analysis - ATR Declining
32:55 How do you decide when to sell
34:35 Expi Analysis Confluence
36:16 Low volume days in context
37:33 Rocket Base FUV analysis
38:00 Price and Volume Characteristics
38:30 How do you find a pivot point- Wants 5% stop
40:10 New themes, N in CANSLIM
40:20 CRMD Analysis
42:40 ATR pulling back at the pivot. RS Line moving up
43:40 Shakeout within the base
44:10 Liquidity, Dollar Volume
44:46 PLTR Analysis, VCP ATR declining
45:00 When to buy within the base Leif likes 6-8 weeks
46:00 Bases that are too obvious AHCO
47:00 Have your own rules, trade your style
47:40 SNBR Analysis, Selling in context
49:25 Leif’s Chart Layout
50:00 Finding your style, Building Edges
52:20 Fitness Magazine Metaphor, you have to put in the time
52:45 Breakout is a safe strategy because you aren't buying if there are not any setups
53:00 Listen to the market, it always knows. Don’t outsmart it
54:30 Does the number of setups you see factor into Market Conditions
55:00 Rising Wedges, Breakout Traders Beware
56:20 The Chart “Look” that we want to see
56:30 SI High Tight Flag. Ride the trend with a partial. Late shakeout
59:00 It’s okay to be cautious
59:25 PHR Analysis, Late undercut
1:00:15 Healthcare Play
1:00:40 TIGR Analysis, High Relative Volume
1:02:10 Moving stop when up 20%
1:02:25 SKLZ High Tight Flag, Large Volume
1:03: 40 AMRS Analysis, Lowest volume in 10 days
1:05:15 Will Leif Buy a stock if its gapping to the pivot/already up a lot on the day
1:06:30 Placing stop losses. 5%, Volume Profile, Technical Levels
1:07:43 PLSE Watchlist, Thin Name
1:08:47 Minimum days for High Tight Flag. 7 Days
1:10:00 Plug Analysis
1:10:45 Will Leif Take hold a trade overnight without cushion
Music from Absent Mind: / absentinlife
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything
Негізгі бет How To Trade Stock Breakouts | Leif Soreide | US Investing Champion
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