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How to Find Stocks before they Break Out - Top Screens for Swing Trading
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You'll never change your life until you
change something you do daily. The
secret of your success is found in your
routine. You know, I think this is
repeated over and over again in in
performance-based fields is you can't
change your outputs without changing
your inputs. However you define a setup
for yourself, a stock must exhibit that
to go on your weekly focus list.
Otherwise, you're focusing on a stock in
the middle of nowhere with no clear
edge, no clear setup, no clear entry
tactic, no clear framework that you're
using to manage risk at the end of the
day. So, there must be a clear setup
forming. And to focus on a stock, it
should be within a few days of
completing a setup slt triggering an
entry tactic. Why is a trading routine
important? Most importantly, a regular
routine is what keeps us highly in tune
with the market and the process of
rotation among its leadership. You want
to state skate where the puck is going?
You know, people always say, how do you
analyze rotation? It's about doing a
routine every day and noticing subtle
shifts in multiple stocks breaking out
of a same group. Uh noticing inflows
into an ETF, an ETF outperforming on a
down day. Those are the subtle clues
that you'll only pick up on if you do a
routine every single day. Building a
screen, there's six key steps. First,
define the purpose. Be very clear with
that. Identify model stocks that kind of
represent a good avatar for that defined
screen. Define characteristics that
break down those avatar screens uh based
on fundamentals, based on technicals,
whatever is relevant to the purpose of
that screen. Create a first iteration.
Analyze the results and then update the
criteria and just repeat and do this in
a cycle until it actually meets what you
want. A daily routine is an essential to
perform and stay in tune with daily
market action and build consistency in
your trading. Everything we're talking
about from going from stage one and
stage two to stage three, a huge part of
that is consistency in inputs and
getting better inputs and building
structure around those inputs. So a
daily routine is critical for that. It
keeps you focused, helps you execute, uh
keeps you in tune with the market,
identify rotation and gives you a daily
check-in on the market health. So this
is the relative strength strength line
here of PLTR and it began began an RS
phase on this day right here well before
it broke out through this pivot. So
we're always looking for stocks that are
in existing RS phases and then pull back
to moving averages, form a tight range,
gap up, pop up, set up some type of
other entry tactic or setup uh when
they're already in an RS phase. That's a
key thing to look out for. Screening
routine is a structure that sets you up
for success. Uh the two goals of
screening are to find new ideas and
monitor the market environment. And as
you screen, be detective. Where's the
money flowing? What are the strongest
themes? What are the strongest stocks I
should be focused on? And then create a
daily and weekly routine which catches
the stocks likely to be market
[Music]
leaders. Welcome everybody. We're now
into the screening and routines webinar.
Uh it's amazing. We've already done all
this much, but there's still a lot to go
as well. Uh and the last few webinars
can be really fun. uh writing trading
rules, trading analytics, analyzing
trades, building a model book, building
new edges, and of course the launch
webinar on the day of the book release.
So for for those of you who have been us
been with us for quite some time, thank
you guys for joining once again. For
those of you that this is the first
time, um definitely go ahead and watch
the previous ones on YouTube. Um we'll
probably uh have the link uh sent out by
email later today where you can access
all of them. Um, you know, I think this
is probably one of the best resources
that you can use if you're a beginning
trader to get up to speed, build your
first trading system along, of course,
with the book. These are very
complimentary and uh we're excited to
get this out to you guys on May
27th. So, here is the link to uh
actually order your copy and let me know
in the chat right now if uh you've
ordered already. I'd be curious to see
how many of you have already done so.
And one thing that we can do that's
pretty cool here on
Riverside is I can go ahead and show
this. So this is actually a link that
you can click and this will bring you
right to the order page uh where you can
access uh the trader handbook. Uh we've
got a lot of bonuses uh in store for
you. And let me bring up that link one
more time. We've got a lot of bonuses in
store if you do pre-order. Uh we'll be
announcing special model books that you
get access to. Uh so definitely go ahead
and pick up your copy if you haven't
already.
All right, perfect. So, let's dive in a
little bit today. Oh, actually, first I
do want to mention that in addition to
pre-ordering the book, you also
definitely want to join the handbook
weight list. And if you're joining this
webinar, you've already done so. Um,
because you get access to a lot of bonus
articles and resources as well. I've
already sent out and created quite a bit
here. Um, but you know, to get access to
the last ones, including uh next week or
the week after that, I'll be sending out
a trade analytics log, a lot of
templates, uh, checklists, educational
articles to unlock all these bonuses.
You want to join this weight list and
you can access that through this QR code
if you're watching the recording and
haven't yet joined. And the link will
also be in the description of the video
recording. So, with all that out of the
way, uh, go ahead, Reck. Do you have
something to add? No, no. Okay, cool.
Perfect. So, with all that said, uh just
want to welcome everybody once again to
the next Trader Handbook educational
webinar. Uh today we're discussing stock
selection and routines, how to narrow
your focus, how to find the top market
leaders. Uh this is very relevant and
time relevant uh to the current markets
and this goes along with chapter nine of
the traders handbook. Uh so, if you're
following along with that resource, this
is the great uh webinar to complement
that. I want to start out with uh a
classic quote from James Clear. uh the
author atomic habits um that's very
applicable to today's webinar. Uh
basically the quote is you do not rise
to the level of your goals, you fall to
the level of your systems. And I think
with trading of of course our goal is to
perform. Our goal is to be in the top
market leaders. But how do we actually
go ahead and achieve that goal of
getting into the PLTR of the day, of
getting into the Tesla of the day, of
getting into an Nvidia um you know early
2023, 2024. Um how do we actually
achieve what we want? We have systems in
place, screening routines in place, the
logistics in place to identify and enter
those names. And that's what screening
and routines is all about. So it might
not be the sexy part of trading like
edges and setups that we previously
covered, but it's actually the one of
the most important concepts that allows
you to execute your trading plan and
actually perform at the end of the day.
So, I think there's a good quote um to
remind you that it's about the structure
that we build with the routines and
screening routines that sets us up for
success later on with trading. Here's a
little bit of the agenda today. Uh first
we'll discuss stock selection uh the
tiger framework, tigers framework. Um
then we'll discuss screening, building a
screen from scratch. What are the steps
to do that? We'll just we'll share a lot
of screens that we personally use um as
well during our daily and weekly
routines. Then we'll discuss daily
routines, weekly routines, how we
actually go about that and get into a
lot of the details as well. We're not
just going to be talking high level
stuff. We're going to talk about day,
you know, really the nitty-gritty about
what we do uh h what how we sort by
columns to identify uh top movers in the
first five minutes. We're going to be
getting into all of that. So stick with
us until the end. There's a lot of great
stuff uh that we'll be covering. All
right. So first getting into stock
selection. This is kind of the first
bucket of today's session. Um, you know,
to start with, uh, what is stock
selection? Uh, it's all about how to
find and focus on the top trading
opportunities each market cycle. Again,
how do you get into the PLTR, the
Nvidia, the Tesla, uh, you know, th
those top names that everybody wants to
own and goes up hundreds of percent. How
do you actually find and identify those
before they actually make those moves or
at the start of it so you're along for
the ride? Well, basically what you want
to do is define the characteristics of
the top performing stocks and design
screens and routines to find stocks that
match those clo closely. Basically, you
need a system to find the highest
potential stocks that meet your process
and criteria. Uh, and for growth stock
market leaders, the stocks that meet the
tigers framework are exactly what you're
looking for. And uh, this is uh,
inspired by uh, our chats with Stan
Weinstein. uh whenever there's a big gap
up in the market, which is uh you know,
we like to trade the gapper setup. Uh
it's a sign of of high potential in a
stock. He says there's a tiger in the
tank. And this is actually where that
phrase come from. This is an old uh
commercial for I think gasoline as well
uh talking about how to supercharge your
car uh by putting in their brand of
gasoline. Well, if you want to
supercharge your trading, you want to
use the Tigers framework. And we'll walk
through the exact criteria that we look
for uh that define this. So this is the
tiger's framework. Uh it's an adaptation
and our kind of evolution on the cans
slim framework um that tailor it a
little bit more towards current market
environments. Uh so what does each of
the letters stand for? The T in tigers
is the theme. The stock is writing a
strong growth theme. Uh the strongest
themes uh of the day. What is driving
the market higher? You know recently
there's been a lot of AI software names.
Those are themes examples of themes. Uh
second innovation. the the company has a
standout product, service or element
that separates it from its peers and
makes it stand out. This could be a
gamechanging process, product, service.
Um, a CEO could also be a standout. This
is basically the end factor in Can Slim.
Uh, the next element, the G stands for
growth. Uh, the company is currently
growing its earnings and sales rapidly
or is projected to in upcoming quarters.
Quarterly tripledigit growth
year-over-year and acceleration are
preferred. We'll show examples of that
later on, but basically we're looking
for stocks that are growing the fastest,
especially in terms of revenue and maybe
they don't quite have the profits just
yet. And this is kind of an evolution
from Can Slim. Uh but it's they're on
the brink of that. They're on the brink
of being profitable. There's hints of
profitability. Their revenue growth is
there because currently in in modern
markets, some companies just don't focus
on profitability. they're focusing on
building their systems reach growth uh
in terms of revenue and then they can
just kind of flip that switch later on
um and turn on profitability when they
focus on improving their margins you
know and actually becoming profitable
and this leads to this turning point is
something that we look at closely. uh
Tesla back in uh 2019 uh that was when
its first quarter hit where it started
its massive run of you know several uh
100% if not a thousand% over the next
few years and most recently PLTR also um
made that flip and that's what drove
this 1,00% move that we've seen uh so
far. So this growth is really key both
in terms of revenue growth as well as of
course uh earnings growth or at least a
hint of earnings growth and the higher
the better. We're looking for the uh
superior stocks. We're not looking for
your your run-of-the-mill growing 20%.
We're looking for 50% growth, 40%
growth, 60% growth, and ideally triple
digit growth as well. Uh then edges. We
talked about this at length. Uh it's
it's covered in chapter 3 of the
handbook and we also did of course did
the whole webinar on edges and setups.
Um basically we're looking for edges to
be present in the stocks that we select.
uh whether that's relative strength,
whether that's the N factor edge that we
talked about. We want to have again
we're we're we're looking for
exceptional companies that are showing
these edges. We don't want to um we
don't want to focus on mediocre
companies. We want to focus on
exceptional companies. Uh then relative
strength. This is one of the edges that
you can look for, but it's also so
important that it deserves a letter of
its own. Uh we're looking for stocks
that are displaying unusual strength,
outperformance, momentum, and strong
trend and the ability to trend. And last
but not least, the setup. All of this is
good. All well and good, but if the
stock isn't showing a setup, then it's
not actionable at that point of time. Uh
so it's not worth considering. Uh so the
stock must be forming an actionable
setup. So this in a nutshell is exactly
what we're looking for in terms of stock
selection to identify the market
leaders. Uh this will help you find the
PLTR, Nvidia, CrowdStrike, um Tesla when
they're in favor. Uh this is a great
framework to to memorize and to
screenshot as well. If you want to take
notes, this is a great uh slide to
screenshot. Uh Ry, anything you want to
add on this highle framework before we
get more into the nitty-gritty of how we
actually apply all these these different
uh aspects of tigers? All these aspects
play a role um together. So there's no
no really you know your top winners in
the market will have the theme uh will
be innovating in some space will show
growth just because of the fact that
they're innovating and uh creating
something new and they're part of an up
andcoming theme in the markets as well.
So uh the edge will show that relative
strength is going to outperform the
markets and then a setup will form. So
it's not one or three of these elements
will be present and two of them won't
be. it will be the all f you know uh you
know six of these factors will all be
present uh when you're trading the right
stock and you know some of them that
come to mind and feel free to put them
in the chat um are you know Nvidia's run
PLTR's run um a the stock that ran so
they had all of these factors um going
for them for them to be the you know one
of the standout stocks uh in in the
markets. So just just make sure that you
know it's not a checklist for three out
of six type of thing or two out of six
if you're going to have six out of six
if it's a very very special stock.
Yep. Perfect. All right. So getting more
into each of these aspects first
focusing on the theme. Um now each
market cycle is shaped by dominant
themes often driven by the macro
environment or the innovations of the
day. Um and you can kind of um and this
is something we learned from Oliver
Kell, something he's kind of
conceptualized. Uh there's kind of two
main different types of themes. There's
transformative themes and cyclical
themes. Transformative are gamechanging
innovation, new technology being
developed. This could be AI, this could
be the internet, this could be
semiconductors. By themselves, they're
almost a platform that creates um
different themes around the market and
they can last years and years, even
decades. uh you know we're still seeing
the impact of internet and really AI is
just a continuation of uh that
technology um as well as of course it
being built on semiconductors. So these
are long-term innovation driven and this
is more what we want to focus on to
catch those transform transformational
uh companies and transformational
trades. Uh the second kind of theme is
cyclical. This could be energy banks.
It's more short-term. it's macro driven
um you know c driven by you know what
the Fed's doing, what monetary policy is
like. Uh this can work. There can be
good trades that um are created by this.
You know gold could be a theme as well
as we've seen recently with the miners.
Uh but it's not going to quite produce
those amazing market leaders. Um there
could be good trades here and there but
really we want to be focused much more
on the transformative themes up here.
Um so getting more into the theme
leading companies within these themes
will grow rapidly attracting
institutional demand and driving
powerful price moves and this is because
you know uh institutions and ETFs they
have mandates that they need to be
exposed to a certain sector or a certain
leading name and when new transformative
themes come into play there's going to
be uh you know just injection of money
uh from these institutions into those
new themes and into the best stocks
within those themes and exceptional
Stock opportunities arise when three
forces align. This is key. So, make sure
to write this down. A strong market, a
thriving theme, and a standout company
within that theme that has the best
product has the best service. So, I'll
say this again. Exceptional stock
opportunities arise when three forces
align. A strong market, a thriving
theme, and a standout company within
that theme. The goal is to identify the
top one to three stocks in the leading
transformative theme by tracking
momentum, RS, and of course, clean
setup. So, uh, Ry, anything you want to
add on the the theme or kind of how you
think about identifying the themes as
well? We'll touch a little bit on that
on the in the routine section, but um,
yeah, anything on theme that you want to
add here? I would say um, when safety is
a theme, that means it's it's usually
not a good thing for the markets, right?
So if for example um there's you know
utilities and REITs and high dividend
you know stocks like Coke and Pepsi
trending tobacco etc. That's usually a
when when that is a theme it's a safety
type of market where you have to it's
not driven towards growth stocks. It's
not driven towards innovation.
valuations are usually too high and
we've been in that euphoria zone that we
spoke about in the last webinar, right?
So when valuations come down, they're
back, you know, down down to earth that
we're consolidating, growth stocks are
building, you know, bases. Those are the
times, you know, that's information as
well. So that should not be ignored. uh
it should be taken as feedback that hey
right now the biggest companies in the
world that are innovating trying to do
something new trying to be that you know
the next step in what we may see in
terms of AI semiconductors internet
software
etc that is not you know the market's
not kind of open to that kind of
conversation at the moment so do take
both sides of that equation as
information when you know growth is
working your accounts will grow two to
three times when safety is working it's
best to usually being cash. Yes, it's
good to trade gold miners. Yes, it's a
it's good to trade uh oil stocks, but
what happens is over time, you're just
going to tire yourself out. And the best
moves in the market over the last, you
know, 50, 60 years, what how however
much research that you want to do is in
the
transformative space, right? When
there's something new, something drastic
that's happened, uh etc. Uh the last
thing I want to mention is uh there are
times when old companies can also be
transformative. That's something that's
a mistake I've made uh myself. So when I
look at the chart of Microsoft, hey it's
Microsoft, you know what can it do?
Well, Microsoft stocks been up 150% in
the last 24 months, right? So why why
did that happen? They they focused on
cloud infrastructure. They focused on
AI. they invested in chat GPT right open
AAI itself at a very early level and
then when those things come about that's
that company transformed itself to be
something new even though it's been here
for you know forever right so that
that's something that you know I I'm
quite weak at and I tend to label stocks
and I know you know many of us do as
well yeah GEV someone said in the in the
chat as well so don't don't just um I
would say label companies It's important
to know why the stock is going up,
what's happening. And usually the older
companies when they're really going up,
they're doing something to keep up with
the times or they're leading the times
like Microsoft is in a way at the moment
given that open AAI is a private
company. So um that's that's what I
wanted. Getting into the next aspect of
Tiger's innovation. Um so theme leaders
often have a unique value proposition
such as prop proprietary technology or
novel solution to a critical customer
problem. This is what allows them to
grow so rapidly. When identifying a
theme, research which which companies
are truly innovating by creating by
reading credible articles and listening
to informed podcasts while avoiding kind
of hype and sensationalism. That's going
to be a part of everything. There's
always going to be saying AI is going to
solve everything uh in in five months,
right? You want to you want to kind of,
you know, not be too far out on the
exceptional end. You want to identify a
strong theme and kind of meet it in the
middle between pessimism and optimism.
be just kind of um try to be as
objective as possible. Keep your ear
out. Uh read different articles, but you
don't want to get too invested either
way. And uh you know, we always want to
manage risk at the end of the day,
right? Um be skeptical, grand claims.
Instead, focus on consensus among
credible sources to gauge what's real
versus marketing fluff. Uh you know, in
many CEO presentations, they've talked
about how they're investing billions
into AI. when you see the the Meta CEO,
the Nvidia CEO, the the Facebook CEO,
when they all come out and say that,
that's something that you can take
credibly and incorporate that into your
thesis about why AI is going to be a
theme that lasts multiple years, right?
Also, firsthand experience with the
product or company can offer valuable
insight about what sets the company
apart. Um, Eve Bob of the IPO life cycle
trade crew, um, she is excellent at this
with Tesla early on. she went out and
tried it and was just, you know, amazed
with it and that helped build her
conviction in that particular stock and
trade and she killed that trade. Uh so
that type of firsthand experience could
be really helpful to identify, you know,
what sets a company apart. Um is this
going to have a lasting impact on
consumers? Um so that's something that
you can incorporate as well into your
process. Uh if you can go out and try
the company, go ahead and do so. Uh a
compelling theme or technology doesn't
matter if the market doesn't care. This
is really important to remember. Watch
how institutions respond. Watch price
action. Even if you think a stock is
going to be a gamecher because
everybody's promising these amazing
growth in market share or or growth in
the market as a whole, if the price
action does not support that thesis, you
have to wait and maybe come back when it
starts uh you know showing relative
strength, developing a setup, all that.
So price action must validate your
thesis. If it doesn't, don't force it.
Move on and revisit later if conditions
change. Uh Ry, anything you want to um
add here on, you know, something that
you might see in a company that sets it
apart in terms of the product, the
service, uh you know, we're price action
traders at the end of the day. Uh but,
you know, anything that you want to add
here as well? Yeah, I would say, you
know, uh many traders tend to go allin
on something and um that's great when it
works out. uh and when it doesn't you
know it it can be your end all and it
will finish your trading career and uh
you know overnight. So even if you you
feel like the best approach that you
want to take is to place all your chips
in one basket and watch that closely um
they're very special and few people that
can say and do that in the markets. So
be very careful of that. Um I I like
what Richard said in terms of you know
every trend or any theme in the markets
that's led by anything is as good as
what price uh is doing. So, if the price
is not moving up and you have a skin
care brand that is claiming this and
that is going to happen in five and 10
years and you're banking on that to
happen and it doesn't and you place, you
know, a large percentage of your
portfolio into that type of uh into
those type of companies, you're going to
have a hard time staying just active in
the markets because it's almost like a a
coin flip or buying a lottery ticket at
that point. So consensus looking at it
making judgment but also you know not
having all of your money in one kind of
air you know uh space or one type of
innovation is important as well. Again
like we said in previous webinars in
terms of risk management uh position
sizing etc. All those things will play a
role. Doesn't matter how innovative
something is and you know for a fact
that it's going to be the next big
thing. You still want to position size
and manage your risk properly and hedge
your bets by position sizing well and
not all in one name. So, perfect. All
right, getting into the next aspect,
growth. Uh, we like to prioritize strong
earnings and revenue growth, especially
revenue growth, which signals aggressive
market expansion. Profits can be
deferred through high growth phases, but
there should be a clear path to
profitability, especially important in
tighter monetary environments. uh you
might remember in 2022, but it was
really the stocks that were unprofitable
or you know didn't quite have that
robust earnings growth um that suffered
the most and dropped 80 85%. So there's
situations there's market environments
where profitability is preferred and you
just want to you know keep out an eye
out and and see when those situations
are. Um so overall we're looking for uh
significant year-over-year growth of at
least 25% in earnings or sales and the
higher the better. triple digit growth
is ideal. And in addition to just really
strong growth, ideally what we're seeing
is accelerating growth uh such as EPS
growing from 25% to 40% the next quarter
to 80% uh in consecutive quarters. When
you see that growth, and we highlight
this in DFW, and I'll show you exactly
how in just a minute. When you see that
acceleration, that's showing a rapid
expansion and improvement in the
company, and you really want to look out
for that. And let me go ahead and zoom
in here uh to this in Nvidia example. So
back in when Nvidia was forming this
base and and we all know what happened.
It it broke out and gained uh you know
80% in a short amount of time. If we
look at the earnings growth, it went
from negative to positive while
accelerating every quarter. So, it's
going from minus 72% to - 51% an
improvement to plus 25% to plus 861% to
plus over a,000% growth. This is an
accelerating trend in earnings. And when
you see this in deep view, and we
highlight this with a blue bar when
there is that pattern, that's something
to really key in on if the stock is
recently accelerating earnings growth.
And we also highlight that in revenue
growth, which showed up a few quarters
later. So, this is a key thing to look
out for because it can create the market
leader moves that we're, you know, we're
exactly looking for in the market. Uh,
moving on. Well, actually, Ryan,
anything you want to add on on growth?
What you look for in terms of revenue
growth, earnings growth, anything like
that? Uh, one of the other things you
you will see with, you know, new spaces,
new themes, new stocks is the rise in
daily average volume that would
accompany the growth of the company. Um,
that's just an element of more market
participants being interested. So if
there's a you know a name that is
trading 150k to 200k average daily
volume on a 50 or 20 day basis and all
of a sudden that jumps to 400k to 500k
it doubles that means there's more
interest in accumulating that name. Now
we don't know the direction right the
direction is always determined by price
but looking at that rise in average
daily volume when it comes to innovation
themes or new themes in the market and
looking at growth you'll see that in
every single stock be the Google Nvidas
uh Chipotle uh Costco uh MEI Amazon and
Brazil etc they will they all show that
same thing where when there is an
increase in interest especially from the
institutional side there is a rise in
daily average volume that this I'm
speaking to for new themes that come up
in the market in the future. Yep.
Perfect. And that goes along with edges.
That's exactly an edge that we look for
the increase in average volume. And we
we did an entire webinar. There's an
entire chapter in the book dedicated to
this. So, we're not going to go into
depth, but just in general, fundamentals
must be confirmed by technical action.
Signs of institutional accumulation must
show up on the chart. You know traits of
leading stocks include the ability to
trend cleanly in SH markets, quick
rebounds after corrections, gap ups on
ear earnings, increasing average volume,
breakouts and trending moves from base
patterns. So we want to avoid bomb
fishing and f and hoping for reversals
and focus instead on rising leaders
already showing strength and
institutional interest. Don't guess
accumulation. Wait for clear signs of
technical confirmation. That's really
key. And we've seen that recently in
leaders like Crowd. They've rebounded
the fastest off the lows. They didn't
break their 200 SMA when the market was
well below the 200 SMA. They reclaimed
their short-term moving average fastest.
They held up and started uh
transitioning into support that moving
average and then they've, you know,
gained another 40% since. And we've been
talking about this stock throughout this
this webinar series. And uh earnings are
upcoming. So, we'll see if this can
continue. And a gap up and go would be a
good sign. Uh but we'll see if it needs
to consolidate a little bit before it
keeps going. All right. Relative
strength. Uh, of course we talked about
this at length in the edges webinar, but
just to reiterate, relative strength
reveals leaders. Stocks that hold up or
rise faster than peers during
corrections can often become future
leaders once the market turns. And a key
RS signal includes RSI making new highs,
outperforming on 62 and a half% of down
days. This is a specialist screen that
RI rise developed at DFW. Um, holding
above key moving averages and showing
strength during market weakness. All of
these are RS signals that you want to
keep an eye out for and look for as
you're considering a stock as a
potential trade or add to your watch
list. Uh instit institutional
accumulation during corrections. Strong
RS stocks attract capital during
pullbacks as institutions add to high
conviction positions and use that market
weakness to add to the stocks that they
want to continue to build and believe um
the most in. Uh the RS line is key. This
is an indicator that compares a stock's
price relative to the market index like
the
spy and an uptrend in the RS line shows
out performance not just momentum. Uh so
we're always looking for stocks that are
in RS phases as we call it when the
relative strength line is above their
its 21 EMA. And this is uh what I've got
right here. Let me actually zoom in
right in this area. So this is the
relative strength strength line here of
PLTR and it began began an RS phase on
this day right here well before it broke
out through this pivot. So we're always
looking for stocks that are in existing
RS phases and then pull back to moving
averages, form a tight range, gap up,
pop up, set up some type of other entry
tactic or setup uh when they're already
in an RS phase. That's a key thing to
look out for. And just that simple thing
that that's a golden nugget that you
want to look for a stock in its RS phase
that then sets up constructively early
in its trend. That's what you want to
look for. And then last but not least,
of course, the end of Tigers is the
setup. If a stock isn't forming a setup,
uh it's not going to be one that you
want to keep on your focus list. Maybe
it's on your wider universe list, but
you know, it's not actual. It's not
ready if there's no setup. So, we're
looking for gappers, base breakouts,
launch pads. Maybe one of your go-to
setups is a moving average pullback. the
first moving average pullback, that's
fine, too. But however you define a
setup for yourself, a stock must exhibit
that to go on your weekly focus list.
Otherwise, you're focusing on stock in
the middle of nowhere with no clear
edge, no clear setup, no clear entry
tactic, no clear framework that you're
using to manage risk at the end of the
day. So, there must be a clear setup
forming. And to focus on a stock, it
should be within a few days of
completing a setup/triggering an entry
tactic. And you know it might be
difficult especially for beginners to
kind of judge that um of whether it's
almost ready to go but as you gain more
experience go through more market market
cycles study more market leaders study
more model books you'll get a much
better sense of when a stock is
actionable and ready to go. Uh Ryan,
anything you want to add on either
relative strength or the setup uh
aspects of Tigers?
No, we've covered each of these in depth
in in previous webinars and the edges
and entry tactics. So, if you've missed
those, they're on YouTube. Uh, we have a
playlist on the YouTube channel that you
could check out. Um, and if you have any
questions, definitely leave them in the
comments there. We'll be happy to answer
them for sure. Yeah, perfect. All right,
Ry, do you want to check take the slide?
Uh, talking about liquid leaders and
performance enhancers.
Yeah. So, um, the there's basically two
different things in the market that you
want to look for. Uh the liquid leaders
are the stocks that will lead a trend or
a theme uh that they're innovating the
most and they're kind of the snake of
the head type of situation where they'll
dictate if that theme you know if Nvidia
is going up then the semis go up. If
Nvidia is going into a base, the rest of
the semis will go into a base, right?
And usually liquid leaders are
highlighted by they they trade high
dollar, you know, dollar volume. They
have high average uh dollar volume as
well. And then they have a a huge amount
of institutional interest. So
institutions are looking at that company
as the pillar or as the benchmark for
how you know other semic companies may
or may not do well. For example, in the
case of Nvidia. So that's been you know
in the past if we take you know the
restaurant themes uh the retail themes
the China themes etc there's always that
one stock that everybody's watching
right it used to be Baba when it was the
China stuff that if that one's doing
well then the rest of them will do uh
well uh equally as well or rise with the
tide. Uh the second is performance and
answers. So what happens is when when
stocks are moving and a theme is good
and a space is is seeing innovation
there will be lesser companies uh in
that you know lower market caps or
mid-market cap companies that move a lot
faster and will actually uh you know
double and triple and then some. So if
we take the recent theme that we had in
AI right we had these companies you know
like BBAI and um and others that you
know kind of s right that were just
propping up after the fact but they
moved in terms of percentage moves quite
a bit more than your core AI names that
were known and leading that trend. So
those are what we call performance
enhancers. So the way you want to
situate your portfolio and how you
position size, especially as a swing
trader, not so much as a position
trader. Position traders want more
liquid leaders in their portfolio. Swing
traders want a mix of liquid leaders and
performance enhancers in their
portfolio. So the way I do it is I would
take you know my core names will be part
of the leadership groups like we spoke
about in the previous webinars and then
I'll surround the the core names with
performance boosters or performance
enhancers uh as well. So these are names
that are, you know, lower I would say
floats, higher ADRs. They move
significantly faster, but I can lower my
position size to minimize my risk, but
get the equal amount of reward as I
would if I were to trade a liquid leader
in the markets as well. So those names,
you know, they're kind of a in-n-out
type of trade. I'm not looking to hold
them 3 to 6 to 8 months. It's a quick
move, you know, 30 to 50% in 8 to 10
days. Once you get that, especially when
you have a theme going, you'll there'll
be many, many, many of those and you
trade out of them so that when the
liquid leaders do pull in or it's time
to base for those bigger stocks with
higher dollar volume, you have
significant cushion that's now built in
your equity curve as well. So it's you
know especially as swing traders you
want to keep that in mind because those
things will play hand in hand you know
with each other for your equity curve to
rise and then especially when those
things pull in the bigger stocks your
Nvidia's uh Microsofts etc when they
pull in you'll have sufficient cushion
to kind of see hey can I let this base
out can the you know a flat base be
built and I'll hold through that or do I
need to sell out because my equity curve
is going to be hurt. So, um I think
there's more on this later on uh as well
or in future webinars on performance
boosters or performance enhancers. Yeah.
And what I want to add I I love what you
said there and just kind of want to
reiterate everything there. Um when I
think about my portfolio, I want I have
kind of five slots open and I want to
have three of those five slots be liquid
leaders, a crowd, a PLTR, a Tesla right
now for instance. And then I've kind of
got those two other slots to work with
and identify performance enhancers, more
swing trade type names, higher momentum
names to to to, you know, take advantage
of those opportunities. But I think a
mistake that people early on make when
they haven't mastered risk management,
they they're they're pretty new to
trading, their stage one, stage two, is
they see everybody posting about the
performance enhancers on uh on Twitter,
you know, the Oaklows, the OQ's, you
know, the really fast ones, and they
think that's that's what you should be
trading. That's what all your portfolio
should be in. What that's going to do if
if you focus majority on on that is the
volatility in your portfolio is going to
be higher. You're more likely to get
stopped out if you're you're not adept
at entering at proper points and
managing risk and selling selling into
strength all of that. Um and it's just
going to create a lot of frustration and
you know when we talk about boom and
busting those big swings up and down
it's going to exacerbate that problem if
you're only focusing on those super fast
movers. So, I think if you're newer,
stage one and two, focusing almost
entirely on liquid leaders or maybe
having one performance enhancer slot is
probably the way to go. But focusing on
liquid leaders earlier, which still can
make amazing moves. I mean, PLTR is like
halfway between a performance enhancer
and liquid leader almost. Um, it's
definitely liquid, but it can make
really fast moves. Focusing more on
these early on is probably the way to
go. And then when you've got a few
market cycles under your belt, then you
can experiment with seeing, you know, do
I want to take advantage of an Oaklow
when that theme is in favor, an SU when
AI stocks are rocking. Um, you know,
that's that might be something to think
about and define for yourself. But I
think, you know, focusing on liquid
leaders more as as the core of your
portfolio is probably the way to go for
for most people, especially starting
out. So, just want to add that. All
right. So, getting now into the routines
and screening. That was kind of the
highle framework about how we think
about um stock selection and you know
structuring our portfolio. Now how do we
actually find those stocks and build
focus lists and all that? How do we
actually apply that those frameworks? Uh
so first another quote here uh right I
think you added this one. You'll never
change your life until you change
something you do daily. The secret of
your success is found in your routine.
uh you know I think this is repeated
over and over again in in
performance-based fields is you know you
you can't change your outputs without
changing your inputs and you know again
it's about establishing the structure
the routines uh the processes that allow
you to identify a PLTR crowd strike
Tesla Nvidia uh you know going back the
these great market leaders from the past
few years earlier in the cycles how do
you find them and identify them early so
you can take advantage of those trends
by having routines by having screens
that on a daily basis
will show stocks that fit those
templates. So, that's what we'll be
talking about today. Ry, anything you
want to add on on this quote or how you
kind of conceptualize it? No, I think
this is what we'll cover uh in this
section. It's it's it's the most
important aspect to to get more
consistent in the markets to have, you
know, certain steps that you follow. Uh
it will boost your confidence as well if
you don't have one written out. um or if
when you skip, you know, your routines
due to things outside of trading, you
you'll know that that is not a good time
for you to trade as well. So, a lot of
traders uh feel like when it's Monday to
Friday, they have to kind of place a
trade. Uh that's not always the case. If
you haven't done your routine, you could
always take a week off, come back later.
Uh and when you do, you'll have high
confidence in your trades. And
confidence plays a big role when um if
certain position or something is pulling
back as well. uh you you'll know that
you've done your homework and you'll
have more uh you know uh a little more
emotional, you know, confidence as well
as you go through and navigate the
markets. Yeah, I love what you said
there. And just to give an analogy, if
you're a pro baseball player and
preparing for the next day's game, are
you going to be more confident having
studied the pitcher, what he throws,
when he throws it, uh, you know, done a
bunch of reps in the batting cages, you
know, visualized anything that can
happen that next day with that starter
throwing at you, you know, that is the
homework that you have to do to prepare
as a professional baseball player. What
we're going to be talking now is the
homework you have to do to be to
approach trading like a professional and
to prepare yourself. And like I said,
confidence makes a huge difference in
trading and any performance endeavor.
And doing my routine on a daily basis
lets me know that I am I'm watching the
right stocks. I'm focused on the best
opportunities. Doing that work
guarantees me that I'm prepared to trade
and manage risk. Uh so that that that's
super important. So I I like that you
said that. Right. So yeah, why is a
training routine important? Most
importantly, a regular routine is what
keeps us highly in tune with the market
and the process of rotation among its
leadership. And you know, you know, you
want to state skate where the puck is
going. Um, you know, people always say,
how do you analyze rotation? It's about
doing a routine every day and noticing
subtle shifts in multiple stocks
breaking out of the same group, uh,
noticing inflows into an ETF, an ETF
outperforming on a down day. Those are
the subtle clues that you'll only pick
up on if you do a routine every single
day. So routines almost forces us to you
know keep the market story in our head.
This is what Ross says. So you're
continually aware of what the major
indexes are doing as well as how the
process of rotation is unfolding. Uh it
forces you to be aware of the portfolio
progress or lack thereof. Be really
realistic with yourself. What kind of
traction are you getting or are you
pulling back? Are you in a draw down? It
really focuses you to be aware of that
and know the steps to take uh to to
correct that if need be. All long-term
successful traders that I know have an
established routine. Every single person
who I've interviewed on the Trader Line
podcast or at the Trailerine
conferences, people who have been doing
this for 20 years successfully, they all
have routines that they follow to
identify the top stocks for their
system, for their process. Also, a
routine hones your skill in the art of
trading, pattern recognition, always
knowing what's leading and where we are
in the cycle, which are all critical to
your success as a trader or investor. um
is I I think it was William O'Neal who
said that you know 50% of the people
involved in the market or maybe it was
70% of the people that involved in the
market simply haven't done enough
homework you know this is the homework
that you need to do to be successful
over many market cycles over decades
right u for part-time traders it's
equally important to have some sort of
regular routine for all of the reasons
discussed above so just because you're
doing this um while you're you're also
of course have a full-time career that
doesn't give you an excuse to not
prepare adequately you can't just jump
into the arena um and expect to to
perform if you don't do the work. Um so
do the work, do your trading routine. Uh
Ryan, anything you want to add uh here
to to this concept? No, I think uh as
part-time traders, you you will have
even more of an advantage because you're
not distracted. You don't, you know, you
have a very finite amount of time. And
having that structure will also help you
in terms of your daily and weekend
routines, right? uh and it it's actually
beneficial that stage one and two
traders are part-time so that it gives
you that focus and you know what you
have to accomplish. It's an important
part of the framework that we're
discussing throughout these webinars and
I think this is what webinar
7ish. So it all these things play an
equal role and what you can't pick and
choose what you want to do if you want
to be successful. So what we've tried to
do in the book uh that we've written uh
the webinars that we're doing is try
trying to just talk about this you know
the most important points and the
trading routine is one of those uh
points as
well. Yep. All right. So what is a
trading routine before we get into the
details? It's a consistent series of
steps or tasks screens you run things
you review uh designed to manage your
portfolio, find new ideas and prepare
for any actions you might take. Um, as
humans, we are always best at things we
do over and over again. If you've tried
anything, uh, you're going to be
terrible at it when you begin it, unless
you have some natural gift for it. Uh,
but as you improve, you'll be astounded
about how much progress you can make in
a month, you know, uh, three months, a
year. Uh, if you try, if you do
something consistently, you'll just
improve and find, uh, you know, 1%
improvements every single time you do
it. And that that's the goal here. So,
it's the repetition of something that
what seems to be a daily task into a
habit. It's no different in trading and
investing. Having a daily and weekly
routine that you consistently follow
will build good habits and more
importantly positively impact your
trading in a big way and your
performance. Uh so I think this is a
probably a common question people have.
How long should a routine take? Uh you
know I think there's not a clear answer
here. I would say my daily routine and
weekly routine which is just a little
bit more uh probably take about 45
minutes on a daily basis and then maybe
an hour uh on the weekends. Uh, but it's
going to be tailored to um, you know,
your style, what you like to review.
Some people might get it done in 15
minutes, other people 30, other people
an hour. If you're more uh, a beginner
at this, I would say, you know, it's
going to take a little bit longer, but
again, you'll just become more efficient
at it. You'll be able to run through
charts faster, uh, run through your
screens faster, and um, and you'll just
you'll just be get get better and better
at it, um, over time. Um, so Ry,
anything you want to add about how long
a training routine take and maybe give
some input about, you know, how long
yours uh typically takes. Yeah, your
daily will always uh should be a lot
smaller in terms of what you're looking
at. Uh, you don't want to spend, you
know, multiple hours. I I think um part
of performance is also having a good
routine outside of your trading and
getting enough sleep, stepping away,
spending time with family so that when
when you're trading the next day or
you're coming to your desk at 7:30,
9:30, whatever the case may be, um that
you're ma, you know, to make the right
decisions, you need a fresh mind. And a
lot of traders don't seem to initially,
especially in stage one and two,
understand that. Just like athletes kind
of, you know, take a rest day, uh, on
their off days, they're not, you know,
they're training lightly, not uh,
they're not going crazy. It's similar in
trading as well. If you kind of sit
there at your at your desk all day, um
you're spending multiple hours before
the market opens doing doing this and
that, it it will affect your decision
making because that's the most important
part and what dictates, you know, when
the information is real time, you're
looking at things in a real time manner,
how do you decipher that information?
And for that, you need a fresh mind. So,
you daily routines one to two hours. uh
sometimes if it's a it's a bigger down
day in the markets and you're holding
significant positions or uh if you're
getting caught in a gap down obviously
those days will take you know I do a lot
more work uh on those days and then if
it's a you know the last nine days have
been up days in the S&P um so there's
not much to do there just sit there look
at what you own and uh take measure of
that so it's variable but it shouldn't
be you know 5 6 hours daily that's uh
way too much um in terms terms of
position and swing trading. In terms of
the weekend routine, um I I take a look
at the markets in a more holistic way.
So, I'm reviewing a lot more charts,
closer to 2, 3,000, 4,000 charts. Some
people call that crazy. Uh but, you
know, if you're doing this full-time,
it's the only thing that you're doing,
then it makes it worth, you know, the
the effort uh so that you're prepared
for the week ahead. So, each situation's
personal, I would say. Uh it depends on
your lifestyle, what you're doing, how
much trading contributes uh to to your
um you know um income income. Uh but it
it should be you know shouldn't be crazy
on a daily basis but the weekends do
spend some time because it will get it
it is rewarding. Uh, and that seat time
when you when you're going through
different stocks, when you're doing that
consistently on a weekend basis, you
know, over time that adds up just like
the trading journal that we spoke about
in terms of market cycle and keeping a
track of that, it's almost like a mental
thing where when you do a routine and
you look at a stock, let's say you
analyze this Saturday and next Saturday,
you get to look at the same one. your
brain has a way of working uh and
looking at patterns in a certain way
where you connect those two situations
so that the next time you see something
like that you're you'll respond a lot
better. Um I think the weekends are also
about just looking at you know both
sides of the equation your wins losses
but also what you've missed and why you
missed it and also improving your
process as well. So that's why the the
weekends I do take a lot more time uh
and kind of split it through Friday
Saturday. Yeah. So that that leads in
perfectly here. You know, what are the
components of a trading routine? What
can be some kind of check boxes that you
can you can think about. First comes
market analysis. Then portfolio and post
analysis like just talked about. How are
you performing? How are your trades the
past week? Then it comes to screening,
building a focus list, which we'll we'll
have a few slides dedicated to this
because I think this is a big question
people have. How do you go from 400
stocks that you look at to a weekly
focus list to a daily focus list of just
a handful to focus on? Right. um that
that that's definitely a big question
and we'll answer that watch list
management and then creating a game plan
after all this work here about going
into the next week, how are you going to
uh perform if things turn out this way?
What about if this happens? Um that's
that's al all different components that
you want to think about here. So, uh Ry,
this is actually a graphic you made a
while back about um your weekly your
weekend routine and in kind of a
flowchart here. Uh you talked about
going through thousands of charts. is
because you go through all these
different um ETFs and all the stocks
that are trading on those ETFs. Uh but
do you want to walk through walk through
this and kind of talk through you know
maybe the most important things that uh
people should take away from this flow
overall? Yeah. So my routine's broken
down into basically three components.
One is a lot of scanning and looking at
charts. Uh the second is looking at my
existing positions and how those are
performing. And then the third is you
know I subscribe to different reports
speed stand uh the TML talk etc. Uh
that's the third component. So the first
one basically tells me it's a personal
scan you know different scan. So I'm
reviewing components of the IBD50. I'm
looking at the S&P 500 and all the
components there how they're performing.
So that's 500 right there. Um NASDAQ
it's 100 stocks and Russell is over or
closer to 1,800 1900 um stocks there.
these you know just going through the
components of these major markets and
also the IBD50 list which from a growth
perspective tells me what's happening
gives me a good idea of what is working
what isn't working what themes are
working is safety a theme is gold are
gold miners a theme etc things of that
nature second is you know customized
scans so could be you know tactical
based on situation so if we had an
inside weak I want to see what wasn't
inside in terms of relative strength if
we had an outside weak where uh the
market was, you know, breaking the prior
week's low, then you want to see what
didn't break the prior week's low, etc.
So, tactical screening in terms of
relative strength, uh bases and what's
forming there. Um, and we all have
different ones. So, the main ones for me
are the Gabber, IPO, and HDF. I make
sure that those watch lists of mine are
always updated. Um, the second thing
that I'm doing basically is going
through each of my positions, right? How
are they performing? um do I need to
look at you know the rising 21day as uh
now a stop for them? Do I switch from
the daily to weekly in terms of managing
the positions? Um and what you know is
out of let's say I have three or four
positions which one is my weakest and
requires most of my attention. So that's
what I'm doing when I'm reviewing uh
positions. The last one is to gather
insights from others. So Ross has over
25 years 30 years of experience. Stan
has a closer to 50 um and what are those
guys and how are they looking at uh the
markets as well. So I tend to read those
reports as you know just additional
insight uh to learn what they're doing
because they obviously if you're in the
game for 25 30 to 50 years you've done
something right to survive that long and
be that successful. So that is you know
kind of the third thing that I review as
well. So the next step uh to to each of
these after you scan is to update the
watch list. So I have core watch list,
the gappers, IPO, HTF, leadership.
Leadership is one that I keep
intentionally just so that I, you know,
I'm forced to position in these themes.
It was one of my weaknesses where I
would keep a gappers, IPO and HDF list,
but I wasn't positioning in the
leadership stocks or the stocks that
were leading a particular market cycle
or a theme in the market. So that was
the fourth one. And then the universe,
which is just a combination of all those
lists just to see what's happening
there. Um, next is a focus list. So, for
me, um, the focus list has, you know, it
used to be 10 is what it says here.
Right now, it's like five. And I'm
trying to get even lower to three to,
you know, if I can get three to four
names and size them well and be in those
positions. That's been, you know, a
recent focus of mine, not 10. Um, and
then just looking at, you know, how
which ones deserve the most position
size, um, which ones deserve most of my
uh, money. So, number of edges that
they're showing, which theme they're in,
etc. And then if I have three or four
stocks, I know exactly which one should
get, you know, the most amount of
position sizing. So, all of this work
that we spoke about just now is done on
the weekends. And then on the weekdays,
it's just the market opens. Do do those
levels trigger? If they do good, you get
the position. You assess the situation
and and you make a decision on if you
want to make a buy or a sell. So, I'm
not making any decisions during uh the
weekdays. Uh you know, I'm not gathering
information. I'm not uh looking at the
markets and saying, "Hey, uh is now this
new stock that's popped up a good idea
all of a sudden, etc." So, that does
happen time to time, especially with the
gappers one uh watch list, but for the
most part, you know, I have a really
good idea of what the market's doing. I
have a really good idea which names I
want to get involved in um as well on
the weekend. So, that's kind of the the
weekly the the last step to this is
just, you know, where am I at? Am I
making progress? Am I not making
progress? the that stat we spoke about
with the last webinar with Eve, you
know, if you're um if you're 5% off in
terms of your equity curve off off the
highs, um am I really doing uh you know,
justice or am I making some progress or
does it justify action in the upcoming
weeks? So that's market conditions. Um I
have to know clearly what my leadership
groups are. So I intentionally write
those down. Um that's just a deliberate
exercise for me to make sure that I
position in those. And then just the
state of portfolio and focuses. So um
what I'm trying to get at I guess in
this slide is that you know 80% of the
work should be done on the weekends as a
position or swing trader and then the
daily routine is kind of slowly tweaking
that plan depending on what the market
is doing uh from Monday to Friday. A lot
of traders do the opposite in stage one
and stage two, and that's why you
struggle. If you're waking up looking
for something to buy, it's almost like
going to a mall and looking at different
stores and you're like looking to spend
money. You're obviously going to end up,
you know, purchasing something. Whereas
trading requires the opposite. It's not
it can't be random. It can't be kind of,
you know, you have the itch to buy and
you'll just buy it or you look at
someone else and what they're doing and
then you buy it based on, you know,
other facts that are not your own. None
of those things will work long term.
What will work is the preparation you do
on the weekends and then slowly tweak
that uh as you trade Monday to Friday.
Yeah. Excellent. So that's that's just
kind of a highle example of kind of the
system you want to build for yourself.
And yours isn't going to be exactly like
Rise. This is something he's created
after years and years of doing this. But
you can kind of see the the major
buckets and steps that you want to take
to build your routine here. And Ry,
here's a little bit more detail. I don't
know if you want to add anything here,
but this kind of breaks it down by day.
Um, how you how you do your weekend
routine. Ry, anything you want to add
here? Um, in terms of Yeah, the Friday.
So, for me, it's remained the same. I
would say f, you know, Friday I I I try
to do a little more now so that
Saturdays are light and Sundays are
basically nothing. Um, so I try to get,
you know, Sundays for me have to be a
day off so that Monday I'm like really
pumped to go and uh ready to to to trade
uh the markets and I have a fresh mind
as well. I think the most important one
out of Friday, Saturday, Sunday here is
the Sunday. you need a day to kind of
disconnect, go away from the markets and
that helps you more than it hurts you. I
think a lot of the folks say the
opposite. Um, and they emphasize that
you have to do everything, you know,
every day you have to do something
related to the markets for you to be
successful. I found that the opposite is
kind of true. It's you need a day off to
kind of disconnect, step away, and then
come back uh thereafter.
Yeah. I what stood out to me is when we
did the master class with Stan
Weinstein, how much of that was an
emphasis on um having a healthy
lifestyle in general and like getting
away from the screens once the work is
done. Um because like you said that gets
you in the right headsp space that uh
ensures you just have a balanced life as
well. We're you know we want to have
balance overall. We don't live to trade.
Uh um so you know I I think that's an
important thing to to remember. All
right. So key steps of weekly training
routine just to sum it up again. One,
market sector group leadership analysis.
Two, portfolio trading equity curve
analysis. Then you get to your
screening, building your focus list,
creating your trading plan on top of
that. And then step number six, go enjoy
life. So getting a little bit into each
of these as well. So as you're designing
your own system, just kind of follow
these steps as you go. We'll go pretty
quick since Ry kind of walked through
all of these already. Um, first market
analysis. Are we in an uptrend,
downtrend, choppy market? Are we in a,
you know, corrective phase? Are we in a
bare market, bull market, all of that.
Um, you can use your market cycle where
we've got the market cycle indicator
right here. You know, if we're in a
negative market cycle, you can help that
help use that to define your rules. And
basically, at the end of the day, you
know, should you be uh pressing the gas
pedal pedal um or you know, tapping the
brakes? That that's what you want to ask
yourself here. Then uh group sector
theme analysis. This is another way to
go about it. Um you know, rise approach
is more bottoms up. um looking at the
stocks itself, but you can also
incorporate top- down approach, which is
what this theme tracker is. Basically,
this is a list of key themes in the
market. This is a built-in um feature of
Deep View where we can track all these
themes on a daily, weekly, and monthly
basis. Your existing themes, and this is
a an a screenshot, um is going to be
right here at the top on a one-mon
basis. Software, genomics, blockchain,
aerospace, technology, growth stocks are
doing well. semiconductors are rising
there as well and you're developing
themes you want to keep track of on a
daily basis what themes are standing
out. So, you know, just a simple setup
like this with the DFW theme tracker can
in just a quick view tell you, hey,
software is leading. I probably want to
be more focused in that area. Uh
blockchain's up there. It's been up
there for quite some time. miners were
all the way at the top for you know a
month and uh then we saw software coming
up uh the ranks here on a daily and
weekly basis. So tracking these
different time frames and uh the
strength within these different themes
is a great way to identify what areas to
uh do more homework in. So this is a
top- down approach. Uh looking at what
themes are active and you want to again
think about what themes are
strengthening, what themes are
weakening, where's the puck going is
basically want to what you want to
identify. And so this is kind of what I
was talking about. Rise approach uh is
very much stocks, sector, market. Um and
uh there there's two approaches just in
general to identifying the leading
themes. There's a a top down approach,
market, sector, stocks, or a bottoms up
approach, stock, sector, market. Um,
some people favor one or the other.
There's no right or wrong wrong answer.
I personally like to incorporate both
into my process. I look both at the
indiv individual stocks just like Ry
explained, going through the DPU leader
screen, going through uh the QQQ, all of
that, the the components therein. Um,
but I also look at the theme tracker to
um after I've gone through all this
stock work, you know, kind of
reemphasize, confirm, give confirmation
that of my kind of observations were
correct. and you might notice shifts a
little bit faster or the more nuance
shifts a little bit faster stock sector
market but if you're working part-time I
think you can do really really well uh
just focusing on the sectors or using
something like the theme tracker to stay
on top of the themes uh so that's really
key here then leadership analysis and
and this is really key um is you know
you should have a list like Ry maintains
of active leaders what would O'Neal want
to be owning what you know what would
these top traders want to be owning?
What are the top five names in the
market right now? Um, so drop in the
chat right now or or in the comments
right now, what would be the top five
names that you'd want to build a
portfolio um of right now? What would be
the strongest stocks? Let us know. Uh,
and then you just want to keep tabs on
them. How are they performing? Did they
recently break out of a base? Are they
trending above moving averages? Or on
the flip side, are we later in the cycle
and they're breaking down? Uh, they're
breaking below moving averages. They're
gapping down on earnings. keep tabs on
this leadership. You know, as Ross Haber
says, watch the leaders, watch the
leaders, watch the leaders. That's the
most important thing you can do to
really stay in tune with the market and
if we're on a risk on or risk off
environment. Uh so that that's
definitely something important to
remember. Step two, uh portfolio trade
equity curve analysis. Uh this is just
analyzing your performance. You know,
are you making progress? Um rank and
grade your positions, which is your
strongest, which is your weakest. uh
know which ones you'd cut first on
weakness and just you know be honest
with yourself about how you're
performing and if you're not performing
up to the standards or how you think you
should be performing what inputs do you
need to change to get to that level or
is it more of an aspect of the market in
general uh which you would see based on
your market analysis leadership analysis
and then you want to kind of um decide
how you want to move forward you want to
take uh tap the brakes a little bit uh
but this is really important you have to
look at your actual results because at
the end of the This is the ultimate
measuring stick that you want to pay
attention
to. Then post analysis, you know,
looking at your positions. Uh grade and
check them. Um grade your process. Did
you enter correctly based on your entry
tactic, your setup, or did you enter out
of nowhere? Uh look at your past
feedback. Uh you know, are your trades
giving you lower uh you know, loss win
or are they you know, win-win loss loss
loss? you know, look at, you know, the
pattern of your recent trades and how
they're performing and you'll start to
see patterns and know when your
performance is is going well, your
trading is going well or when you might
want to take a step back because you're
getting negative feedback from the
market. Um, in addition to your own uh
performance, this is something that's
helpful for me. I also look at my watch
list as a whole to see did the setups
that I identified act well and actually
break out um or did they all reverse
down from pivots and you know re are
testing support now that feedback from
the watch list can also aid you in
identifying the market conditions and
basically just where we're at. So in
addition to your own trading look at how
the watch the setups on your watch list
performed. All right, step three
screening. Again, this is just continued
market analysis, situational awareness
and theme identification as well as of
course trade ideation. Uh so those are
kind of the two objectives of screening
if you want to take a step back uh to
find new potential trades and get that
bottoms up awareness of the themes and
the health of the market. Uh there are
kind of two main types of screens that
you want to think about as you're
creating them or using them in general.
There are general screens and then
specialist screens. General screens are
um using minimum criteria, dollar
volume, trend, relative strength to cast
a wide net and see a lot of stocks that
might meet your criteria. And your
criteria might incorporate fundamentals,
it might only incorporate technicals,
whatever works for you. And this allows
you again to get a sense of the the
market, see how groups are developing,
and again just cast a wide net. So you
want to think of a net for general
screens.
Then on the flip side, you've got your
special screens which have very strict
crit criteria. Maybe they're only look
looking for one specific edge or one
specific setup or one specific entry
tactic. It's a focus searched and it
might be situation dependent. You know,
earlier in market cycle, you want to be
you might only want to be looking for
gap ups. Later on in a market cycle, you
might only look want to be looking for
uh 21 EMA pullbacks. Uh it can be
situation dependent. And the the key
thing here is is really it's a scalpel.
It's not casting a wide net. It's a
scalpel looking at a very narrow set of
criteria and trying to find stocks that
exactly meet that criteria. And we'll
show some examples for both of these.
But as you're designing a new screen as
well as just using something that
somebody else created, think about is
this a general screen for, you know,
just seeing general strong growth stocks
or is it a specialist screen looking for
a very specific setup or situation.
So, here's a fantastic general screen.
Uh, the DFU universe. We've also got the
DFU leader screen. It's got it looking
for uh minimum liquidity, RS, industry
group, trend, emphasis on recent
performance. Here's the criteria right
here. This is a preset in DPU. And this
is going to cast a wide net and get
about 200 results that you can go
through pretty high quality ideas. Um,
and this is a good way to get a sense of
the market environment. Um, and you
know, if you can only look at one
screen, this is what I would use as
well. Another example is the liquid
leaders preset that we have in DFW. Uh
this is the criteria right here. Dollar
volume of over 100 million. Uh and then
minimum relative strength. Looking at
for high liquidity and strong momentum
ratings. Again, Cass has a pretty wide
net uh over a 100 results. Here we've
also got Christian Qualamagi's
three-month top performer screen built
in here. We worked with him to bring
this as a preset. And we've got minimum
liquidity stocks that move and looking
for top 2% of performers over the past
three months. And it's a very simple
screen gets about 85 results. And this
is going to help you find those momentum
leaders, those potential performance
enhancers. Uh here's one more general
screen that we've got a preset in deep
view. Uh Mark Mervin's trend templates
uh that meet his trend criteria off lows
above 200 day in trend and we've got the
different variations as well. So all
these are examples of a pretty wide
casting a pretty wide net with general
screens.
Then with specialist screens, we talked
about the HV edges and the edges and
setup uh webinar. Um you know, this
screen is specifically looking for
stocks that are showing the highest
volume ever, highest volume in one year
or highest volume since the IPO. It's
very focused on that specific edge and
is very tailored to how Ry and people
who trade this edge incorporate things.
Uh Ry, anything you want to add on the
HV edges screen? You know, where you
incorporate into your process? Yeah, I
this one I run daily um because the you
know it shows up it's looking at the
daily chart itself. So especially in
earnings season it's it's a good one to
run to see which stocks are gapping up
and exhibiting this edge. If you're not
familiar with any of these or what we're
speaking about definitely check out the
previous webinars where we go into depth
of each one of these. But this is the
one that I run on on a daily basis.
Yep. And here's another special screen
that I use. So, I call it the power 21.
This is a preset in DFW. It's
specifically looking for powerful stocks
that are then pulling back to their 21
EMA. They're within a few percent of
their 21 EMA. And uh ADR over 10 or
sorry, over 3% and within a few
percentage of that 21 EMA. So, this is
built into Deep View. Very easy to to to
pick up. Um and again, a specialist
screen that's only looking for stocks
pulling back to 21 EMA. And there's not
many results here, as you can see.
another special screen uh triple digit
growth. Uh this is what I call the
Levongo Finder because that was an
amazing stock and it had amazing growth
metrics before and during its move. So
it's looking for tripledigit earnings
growth and or tripledigit sales growth
here uh for this specialist screen and
there's not many stocks that meet that
pretty strict criteria. Um, so you know,
again, you want to kind of combine all
these different screens, both general
screens and special screens to create
your overall universe. And you can
actually use a DV combo list to combine
everything in one screen. Uh, so you
don't have to look at PLTR, which shows
up on all these different screens uh,
over and over again. You can save time
by combining that all of that into a
combo list. And then go through the
results. And when you want to build your
universe list, which is kind of your
wider list that you go to, just uh from
your weekly routines and daily routines,
add any trending, strong, developing
stocks to that list. And what you want
to think about is stocks you could
imagine trading in the next month would
be ones that you would add here. Maybe
it's extended right now, but shown
relative strength, and maybe you missed
it. Just add it to your wider universe
list, and then you can review it each
week. And if it does set up a a pullback
setup or some other setup, then you can
trade it then. But uh if you don't keep
it on your radar, you're going to lose
it and miss that potential opportunity.
So again, building your universe list is
all about finding stocks that you could
trade within the next month. Then
building your uh weekly focus list.
Again, this is a list of 10 to 15 names.
Some people are going to have less, some
people are going to have more. Um and
this is more for stocks that are
actionable this week. So they're a lot
more refined than something that might
just be actionable over the next month
or so. Um, and you want to use the co
top combination of fundamentals and
technicals depending on how you
particular trade. Maybe you only
consider technicals. That's fine. Uh,
weight those stocks based on their
technical action. And basically what
this should do is it should align with
the edges and entry tactics that you
use. Uh, they should be stocks in
leading themes and they should be set up
on both a weekly chart and daily chart.
So there should be a setup. There should
be a clear setup that you're using and
would use to actually execute this
stock. Um, then in addition, you want to
update your watch list. This is what Ry
walked through. Um, updating his leaders
list, his universe list, his gappers
list, IPO, momentum. Um, this is what
you should do, uh, every single week as
well. Uh, then step five, for any names
that are, you know, on your weekly focus
list, create a trading plan. Uh, list
the edges that go with each of these
stocks. Uh list the setup entry tactic
that you would use, the position size,
number of shares you would use, the
pivot level that you would buy, the
likely risk management process that you
will use, and any other notes that are
related to that stock. And think about
it in terms of if this, then this. And
do this again for all the stocks on your
weekly watch list. Step five is just
about preparation. So setting alerts,
early alerts below the pivot, adjusting
stops if you haven't already, and just
preparing for the week. And then like Ry
said and emphasized and we talked about
uh step six is to take a step back from
the screens. Go outside, live your real
life, uh go enjoy life and you know
everybody should have hobbies and uh
that those are key part of getting your
mind right and being in the right headsp
space to perform as well. Uh so that's
it for the weekly routine. We'll get
into the daily routine in just a second,
but I want to pause here for any key
questions that people have about a
weekly routine or stock selection. And
here's just a reminder. You can order
the traders handbook using this QR code.
And let me also bring up the link here
uh as well. For those in in here, you
can click this and order yours. Um you
know, we're really excited to get this
out. It's coming out in just a few weeks
now. You definitely want to pre-order to
make sure you have it on launch day. Um
and we'll have be talking about a lot of
the bonuses that you unlock with this as
well. Exclusive Q&A, exclusive model
books as well. So definitely go ahead
and pick up yours. But let's see if
there's any questions. And Ry, if you
see any uh that you want us to answer,
definitely just uh call it out and we
can get it going.
Yeah, I see I see a couple coming
through from Anthony,
Shane. So, do you want to bring those up
on the screen or Yeah, let me let me go
ahead and do that. Give one second.
Are you bringing them up on the Richard
F screen because I don't see No, I I'm
I'm trying to find them. There's a lot
of chat messages here. Yeah, I got to
scroll to the bottom here.
All right.
Uh which one did you want to start with?
Uh any how do we or we patterns or so
this is from uh Jas after tight and
logical price action. How do you rank
everything else by importance, volume,
earnings, rev, guidance, RS, um market
strength, uh market cycle? Um for me,
it's all about what's the tightest and
and has shown the ability to trend in
the past and I can visualize it doubling
from here. Ry, this is a framework that
I think you talked about. you know, can
I visualize the stock doubling from this
point from the setup on both the daily
and weekly chart and from there I think
the theme is the most important thing
and that contributes to the potential of
the stock you know
um if it's not part of the leading theme
it's probably not going to be the best
performer over the next few months. So
that's what I'm always thinking about.
Ryan, anything you want to add to to
this question? How you rank a stock
based on the different characteristics?
Yeah, I think uh price and and um like
uh the the price characteristics if it's
a higher price versus a lower one,
right? Is is an important one. Usually
performance boosters are your lower
price stocks and your uh liquid leaders
are your higher price. Uh for me, float
uh matters. So float tells me how fast a
stock can move. Uh but recently we've
seen you know uh other factors like a
stock with a billion flow can still kind
of move quite fast. Um ADR uh is is is
one. Um I don't really look at revenue
like guidance uh numbers. That's not
really part of my game. But I do look at
if the earnings is the highest it's ever
been or the sales have been the highest
they've ever been. That's a key metric
for me. Um, let's see. And then where
we're at with the market cycle. So, like
we spoke about in the market cycle
webinar, if we're early in the market
cycle and I've seen a stock and I'll
pick on a particular stock. In this
case, in this cycle, it's been Hood and
PLTR. And those have been my focus. Uh,
you know, did Netflix move up as well?
Yes, it did. Did I get into it? No. So,
I'm not going to catch every one of
them, but uh I usually take a few stocks
that I feel like are forming really good
bases and then when they start to show
relative strength, I even um what I say
is I Sharpie them. Sharpie meaning I
just write it down with a Sharpie. It
stands out on a piece of paper. Um and
then those become even, you know, I
really just take that and I want to
position size in those. So um all these
factors kind of play a role and then I
want to get in early in the market cycle
they you know as the market cycle is
turning and if I get into those stocks
um they will run 20 to 30% initially
just based on the ATR ATR float
characteristics the group they're in how
they've traded before like Richard said
etc. So yep and then I see a few
questions on the bonuses and and
ordering the book. Um, all you'll have
to do to unlock the bonuses is we're
setting up a form where you'll submit
that and then we'll know you you order
the book. So, so keep your receipts and
all of that and by by submitting that
form, we'll give you access to all those
bonuses and that'll be if you get the
Kindle version that'll unlock. If you
get the hard coverver version, that'll
unlock as well. And we'll have much more
information on that in the coming weeks.
Um, let's see. There's a good one from
Shane here. Let me find it.
Uh um are you saying that the daily and
weekly charts must align before you take
an entry? There should be an overall
setup that you're using and the best
setups for that allow a stock to double
from them are both on a weekly basis and
a daily basis. They're coming from a a
well uh form developed weekly base. And
the daily setup might be or the daily
entry tactic might be before the weekly
chart actually triggers. So, the pivot
might be a little bit lower, but ideally
it triggers the daily pivot and then the
weekly pivot in that same day or in the
same week. That's what I'm looking for.
I'm looking for stuff set up on multiple
time frames. That's where I found the
most success. Um, all
right, let's see. Um, and Riot, let me
know if you see anyone that we should
mention. Um, I think this is interest.
Jazz, good questions. If there's a good
setup in a strong industry, the stock is
not the industry leader, but set up
tight and logical and the industry
leader is much higher than the perfect
uh titan logical entry, you still pull
the trigger or uh do you wait for the
leader set up again? Um I'll answer this
first. Um if I miss the leader, I will
trade the second or third name, but um
I'm always focused on getting into
working myself into the leader uh versus
trying to trade those secondary names.
So basically my preference is to trade
the leader, but I will trade the second
stock and and sometimes the the the
first stock to break out in the industry
group is isn't actually the leader and
sometimes other names take over and
there's kind of rotation between them.
So I'll trade kind of the one the first
place and second place stock um would be
kind of my answer. Ry, what's the what
what's kind of it from your viewpoint?
Don't miss the leader. Don't miss the
leader. I'm just um it if it's the
situation where you don't get the the
top tier it is what it is there's always
you know when we say a theme there's
multiple stocks in that theme and then
the best part of it is that same theme
will have performance boosters as well
right so um there are multiple ways you
can attack a theme and be you know
participate in it. Will you get it
perfect every time? Likely not. Will you
miss the initial run? Likely yes. And
then every time there's a pullback or a
consolidation after the initial run
where you can get back um you know into
you know get involved or expose your
portfolio or a percentage of your
portfolio can be invested in that. So
the market's not you know there's a
theme it just happens and there's like a
Vshape all the way up the right side.
That almost never happens um in the
markets.
Uh let's
see. Uh this is from Manan. Uh Ry, do
you take uh do you check the tape on any
day time frame pattern when you enter
the stock? So I guess what time frames
are you watching when you when you
enter? Um I'm I'm looking at daily. Um,
my levels uh are based if if I'm looking
at like a high volume uh gapper uh EP uh
something like that. I go to the
15minute to maybe find the volume
support that we spoke about a couple
webinars ago. Um I know that you use the
65minut Richard uh quite a bit to to
find the RMV. But for me it you know
trading's become more about is it the
right stock? Does it have the right
ingredients for it to double and then
some? And then I try to find a level to
trade against. So for me, patterns have
become a little less uh important in
terms of hey, is this a cup? Is this a
base? Is this this and that? It's more
about, you know, is it showing relative
strength when the NASDAQ's down 3 4%.
Yes. What what's the level it's show,
you know, I can pick on the chart that
it's showing relative strength versus?
And then what's my risk versus that
level go trade that's it. So that comes
with just uh you know more seat time uh
and just peeling away extra layers of
information. But the most of the
research on a stock basis for me is done
through you know does it have the
ingredients? Is it part of a theme? Is
it part of a leadership group? Is it
innovating? is does it has does it have
the one of the edges like uh relative
strength gap up highest volume ever etc.
If it has that, then it's just about
picking a level on the chart.
And this is a we we talked about this,
but I think it's a good reminder. What
watch list do you build after scanning
and how do you manage them afterward? Uh
moving names between watch list, ranking
the names in the watch list, deleting
names, etc. Personally, what I keep is a
general universe list, a weekly watch
list, and a leadership list. And then
I'll set each day a daily focus list,
which is my actionable one to four
stocks that I actually want to enter
that day. Uh but Ry, I know you you you
have yours that you ran through already.
Uh but anything you want to add to to
answer? Yeah, so I have three four uh
that I keep. The the high volume or the
gapper list, the IPO, the HDF, and the
leadership uh you know, themes or
stocks. Those are the four that I keep
and I keep those um in addition to the
focus list. The focus list is mostly the
names I own or the names I'm interested
in purchasing. So those get updated
daily, weekly. There's always, you know,
as uh a new IPO comes in and I feel like
it has potential, I add it to the IPO
list. A new stock that meets the HDF
criteria of 100% run in 8 weeks and then
I added to the HDF list and then gappers
which the with the HVE screen uh that
Richard showcased a couple slides ago.
So each of those have screening methods
and then the last one is what are the
themes in the markets. I want to track
those because I want my, you know,
portfolio to be part of these themes
because, you know, when the market goes
up, there's usually a handful of themes
that will lead it up uh to on the way
up. So, so that's how I do it. Yeah. And
my universe list is composed of those
same things. Recent IPOs that have
potential, highest momentum movers,
recent gap ups. That's what I keep on my
universe list. So, we're we're just
using we're using slightly different
processes and I I'm using what works for
me. Ry Ry is using what works for him.
and you have to decide kind of what
works for you. So, let's keep going and
we'll get more into the daily focus. And
but first, I wanted to talk about
building a screen. What's what's a
framework that you can use to actually
create a screen if you have an idea for
either a generalist screen or a
specialist screen. And in the book, we
actually give a very in-depth example uh
using Nvidia from uh the the prior two
years as kind of your your uh model
stock, but we'll walk through the
framework here as well. So, building a
screen, there's six key steps. First,
define the purpose. Just be very clear
with that. Um, you know, this is this is
something just for anything. You know,
anything you do, define the purpose
before you go in to do it. Otherwise,
you're going to change your mind halfway
through and, you know, start doing
everything. We're going to talk about
this when you're creating new edges as
well and doing studies. Uh, define the
purpose of the screen. Be be very clear
about that. Identify model stocks that
kind of represent a good avatar for that
defined screen. uh define
characteristics that break down those
avatar screens uh based on fundamentals,
based on technicals, whatever is
relevant to the purpose of that screen.
Uh create a first iteration, analyze the
results and then update the criteria and
just repeat and and you know uh do this
in a cycle until it actually meets what
you want. Uh so here is uh defining the
purpose of the screen. Uh you want to
ask yourself, let's see here. It's not
updating just yet. There we go. Uh, so
define the purpose. Um, you want to ask
yourself this question. You know, what
are you designing the screen for? I'm
designing a screen that looks for stocks
that blank. Um, is it a general versus
specialist screen? If it's going to be
general, it's going to be more wider
scope, minimum criteria. If it's
specialist, it's going to be very
specific. When in the market cycle are
you looking to find that stock and how
would you define that? Uh, and use very
specific wording to again really think
about this. This is probably the the
stage of uh creating a screen that you
want to think the most about so you
think all these things through before
you actually uh start it. Uh so key
questions to ask yourself, do I want to
cast a wide net with a screen or yield
only a select group of stocks? What type
of setup am I looking for? What will be
my time frame for trading stocks from
this screen? Are you thinking of swing
trading these? Are you thinking of
position trading screens? Um what stocks
situation blueprint am I looking for
with the screen? Um then after you've
done that identify a model stock a
brainstorm five stock situations um
which you would want this screen to
highlight in real time and then pick one
which best represents what you're
looking
for. Then you want to define the
characteristics break down that company
in terms of metrics market cap shares
float whatever is relevant to that
screen or that situation that you're
looking for. You can use technical data
points is is uh is that situation um
happening above the 50 SMA? what is the
ADR of the stock that you're looking to
to find? Uh and then fundamental data
points, EPS growth estimates. Again,
whatever what is relevant to the purpose
of the screen. Uh here are some helpful
data points to use. Dollar volume, ADR
percentage, DCR. I won't read all of
these, but these are ones that you can
incorporate really easily into Deep
View. Um I'd add RMV is really helpful
for me as well. Um and these are just
some ideas that you can incorporate as
you're designing screen that's fit for
growth stock trading.
Then you want to create a first
iteration. It does not have to be
perfect. Um but you can create starter
fil
filters and def and then make any
initial tweaks based on uh what you get
in your results. Um so analyze the
results, analyze the charts that show up
currently from that screen and check
them versus your model model stock. Uh
what and then think about what criteria
needs to be added, removed, tweaked to
get closer to only showing stocks that
are very similar to your model stock. uh
your model avatar. Uh then just update
the criteria and repeat until you are
satisfied with the results. Again, the
goal is not to be perfect. The goal is
to capture 95% of the stock's blueprint.
You don't want to overfit to remove
stuff that actually fits the spirit of
what you're trying to do. You want to
kind of get to, you know, 90% perfect.
95% perfect. So, the results are useful
to you, uh but you're not eliminating
too much as well. And then you can
always update to changing markets if
that that needs to happen. Um, and
always update the screen uh later on if
there's something you want to change.
Uh, brain simmering ideas. We've got a
lot of top trader screens in DFW built
in. These are all presets. We've got
well over 100 presets now in DFW. We've
got screens from Amit, uh, Rah here, Ben
Bennett, uh, you know, Chris Peruna, uh,
Mark Minervini, David Ryan, um,
Christian Kwamagi, Mario Statudas. So,
all these top traders, we've
incorporated their screens into Deep
View, and you can see their criteria.
You can duplicate them, edit the
criteria, uh use this as a foundation
for the screen that you're developing.
And all these different traders are
developing screens for their process,
how they approach the markets. And you
can use them again as foundations to
develop your own or just use them
natively as plug-and-play. Uh you just
have to click this dropown menu, go over
to screen presets, hover over the one
you want, click it, and it loads right
there and loads the the results. So
these uh top trader screens are really
good for ideiation, but also these are
screens that they've developed over
years and years. So you can just use
them as is as well. Uh we got stuff from
Dr. Wish, uh Mike Webster, a lot of
great uh trade presets right here in
DPW. All right, so now getting into the
daily trading routine, uh more so we
talked about the weekly routine. Uh
daily routine is going to be similar but
a little bit uh more suited to
day-to-day. Um, and just in general, uh,
a daily routine is essential to perform
and stay in tune with daily market
action and build consistency in your
trading. Everything we're talking about
from going from stage one and stage two
to stage three, a huge part of that is
consistency in inputs and getting better
inputs and building structure around
those inputs. So, a daily routine is
critical for that. It keeps you focused,
helps you execute, uh, keeps you in tune
with the market, identify rotation, and
gives you a daily check-in on the market
health. So here are some key steps for a
training routine. Uh Ry, I think this
first slide is is yours if you want to
talk about just keeping this efficient.
Um overall, yeah, I think uh doing doing
the same steps again and again uh will
allow you to see if a process is
effective. A lot of that, you know,
stage one, stage two, phase one, phase
two traders, uh, will switch things up
on the fly and not really see, you know,
uh, the inputs become uh, outputs over a
span of time. So, if you're continuously
changing your inputs, then your outputs
will also change and you will be dazed
and confused and uh, not really know
what works and what doesn't. And the
only way uh for you to know if something
is working consistently is to keep it
the same for a span of time, right? And
then from there on tweak and make things
better. So the routines that you know
Ross or Stan Weinstein or Mark Mervini,
Oliver Kell and all these guys have,
they don't change things every single
day, right? um they have habits that
they have now formed and it will take a
lot of convincing to kind of change
those habits over time. But when they
are making that tweet, they have
sufficient, you know, tweet uh they they
have sufficient evidence, right? They're
looking at things from an objective way
to get better. So if they they have a
way to make things more efficient or a
way to get in earlier into a name, they
will tweak their systems to do so. And
Stan Winstein's a really good example of
that uh where he switched more to daily
charts from weekly because the markets
are a lot faster now, right? So his
method he kind of identified may not be
as effective when you know selling a
stock and he needs to sell a little bit
earlier because when things break the
50-day he needs to get out rather than
wait for the 30 week to to kind of do
its thing, right? So um overall I think
you your process has to be iterative. It
has to get better slowly. It won't get
to its end state overnight and it will
take multiple years to a decade for you
to kind of get to a stage where you have
a really excellent efficient process
where every part of what you're doing
gives you the you know really good
information at the end of the day. So um
Yep.
Yeah. And then D, really good question.
I just want to highlight this while
we're here. Uh what are the key
differences in screening criteria for
position trading and swing trading? Uh
you know, this goes back to building a
screen. I think for swing trading,
you're looking for faster movers,
tighter price action, um just, you know,
higher ADR in general. While position
trading, you're looking more for um
fundamentals to play a factor. Uh the
theme to be present, earnings growth,
sales growth, because uh you know, swing
trading, you're looking for fast quick
moves. The fundamentals latter matter
less so in that situation. While for
business and trading, if you're trying
to hold for weeks, months, even a year
plus, you're going to need driving
fundamentals behind that move. So that
that's a key uh that's a key difference
there. Um just more efficient process.
This is from a former Trader Lion uh
subscriber. Efficiency is key to
maintaining routine. Have a visual flow.
Know the exact steps. Professional
approach. Um and again up to 1 hour so
you can build mental capital. Just want
to highlight here. This is another
example similar to rise breakdown of you
know how you can organize your daily
routine and you want to incorporate this
um and build something just like this so
you can define for yourself you know how
you actually go about it. So this is
just an example. We're not going to run
through this, but you can screenshot
this and uh tweak it to your own
process. So, step two, um after you've
done that, reviewing your current
positions again for each of your current
positions is something I do uh the the
night before as well, just very quickly
uh in the morning here. Uh I'm on the
West Coast now. I've had to tweak my
daily routine uh from what it was uh
because uh the market opens at 6:30 a.m.
here instead of uh you know, 9:30 on uh
the East Coast. So, I do a lot of my
daily routine more uh the night before
versus in the morning. It's about quick
checkups here. So, uh quick positions
review, review your current positions,
rank from weakest to strongest. This
should be done on a weekly basis and
daily basis. Uh set new stop-loss levels
if need be. Identify key levels. Uh
review your exposure level, your your
total risk, to total open risk, and
think about is it appropriate and in
line with the market cycle count and
where we are, what you're seeing in in
your market analysis. And then for each
of your positions, plan scenarios. You
know, if this gaps down and breaks below
the 21 EMA, how are you going to respond
uh based on your profit cushion? If we
gap up here, are you going to sell into
strength or are you going to hold for a
longer move? For each of those
scenarios, think about how you're going
to act for each of your positions and uh
have this planned out ahead of time so
you're not trying to make decisions on
the fly in the moment. You're just
trying to um execute what you've already
thought through before. And that's going
to make execution a whole lot easier.
Step three, building situational and
market awareness. Uh so reviewing the
market, you know, are we in an uptrend,
downtrend or chop? What is the market
cycle count? Review the previous webinar
where we talked about this in depth in
terms of analyzing the market. Um you
know, is there a stress test uh
potentially incoming? It's funny. Uh
last week we we talked about stress
testes and then we got one. So hopefully
you guys uh were able to um prepare for
that adequately based on what we
presented and that shows you the value
of what we're presenting. Um you know
are you are you going to be increasing
exposure today likely based on where we
are in the market cycle or is it more of
a riskmanagement day? Are we gapping up
down plan accordingly? How aggressive do
you want to be? Do you want to take new
trades or are you more just taking a
step back and managing your positions?
This is all something that you should
think about and know internally,
internalize uh before the market opens
each day. Review key stocks and leaders.
Do a quick look at the market leaders.
How are key stocks performing in
pre-market? Are we gapping up again? Are
are we gapping down? Is there a common
theme among uh leaders that uh you know
is software group all acting well? Um
are semis all getting hit hard based on
an earnings report? All of this should
kind of go into your situational
awareness about how to act. Um, and then
also think about how have your last five
trades performed. Uh, situational
awareness. To kind of sum sum this up,
this is an old post from Rye that kind
of is a nice summary about how you can
organize it. You know, type of day. Are
we uh in a risk management day or are we
on uh increasing exposure type day?
What's what's your raw thoughts on the
market? Uh what are your raw thoughts
overall about how you'll be exposed? Uh
so here's some framework that you can
use. Uh where are we in the market
cycle? What are your goals for the day?
Are there any new key news events today
or in pre-market like CPI? Uh is it a
Fed day? Um Ry, I know you hate OPEX
weeks. So, uh you know, that's something
you you consider as well. Are we gapping
up down? Uh again, is it an aggressive
day, a watch day, a risk management day?
Uh what could the market do today? And
how will you respond? That's something
that again you should internalize before
anything happens. uh if the Fed speaks
and you know what's going to happen at 2
p.m. Uh or minutes are going to be
released, know how you're going to
respond for each of your positions if we
drop, you know, 2% after that or rise
2%. Think all that through and that's a
part of situational awareness. Ry,
anything you want to add here about kind
of what you do on a day-to-day basis to
to have the situational awareness? Yeah,
I think this can also be part of the
market cycle um table that we presented.
you could just add a column to that and
do that on a daily basis so that you you
have all of this in one place. Um we
will have this in deep view um later
this year where you can journal things
from a market cycle plus also a
situational awareness perspective for
your journaling. So yeah, awesome. And
Jay says stress test success. So nice
nice work guys. Uh great job applying
applying the concepts here. Uh step
four, creating daily focus list. This is
probably what a lot of you are here for.
How do you actually finalize to the top,
you know, one, two, three, max four
names that you're going to focus on a
daily basis? Um, for me, this starts the
prior evening, uh, reviewing the weekly,
uh, weekly watch list, the universe
list, uh, and my leaders list, and then
any environment dependent scan/screens.
Again, if a lot of stocks are pulling
back in the 21 EMA or that's where the
leaders are, I'm going to reviewing that
screen. Then, uh, you know, I say five
to seven names maximum here. It's more
now like one one to four. So as as you
gain experience, you probably minimize
this even more. Uh and I'm focusing on
the most actionable highest quality
setups/ opportunities, the ones with the
most edges. Um so building a daily focus
list, some things to ask yourself uh to
help you do this of your weekly focus
list. What are the existing leaders near
proper buy points that you want to work
yourself into? Uh Ry Brian mentioned,
you know, in this cycle, we've got Hood,
we've got Palunteer, we've got Crowd. um
you know those type of names if they're
set up that should be your daily focus
list. Uh which stocks on your list are
part of the strongest theme? That's a
key question to ask. Which stocks look
most prime for a powerful move today?
Not in a week. They've got to be set up
today for a powerful move. So near key
level on a daily and weekly RMV equals
zero the day before an upside reversal.
Maybe there was a recent catalyst or uh
it it had earnings yesterday and gapped
up and potentially is making for a day
two move. All of these are are things
that you can incorporate to say, you
know, there might be volatility today
that I can take advantage of. Uh and
volatility isn't isn't negative. It's
just a big price movement. And that's
what you want on a day that we enter
because it'll give us a good cushion if
we get on the right side of that
volatility. Uh which stocks show the
most recent significant signs of
accumulation, strongest RS? which stocks
are earlier in their cycles slash have
the most potential can double from this
point. Which stocks can you define your
risk the easiest? So all of these will
help you go from those, you know, 15
names on your weekly watch list to on a
daily basis, what you really want to
potentially enter that day. Uh Ry, any
any color or nuance that you want to add
when you're thinking about the one, two,
three stocks maybe that you want to
focus on on a daily basis? Yeah, I I
rank them on uh number of edges that are
present. um how much position size I
have to give uh each of these names.
Those are really the two things and then
it's almost a default that they will be
part of a strong theme right uh where we
are where we are in the cycle and then
the most important thing is your equity
curve. So if we're day 30, day 40 in a
market cycle, my position size sizing
has to account for it. No matter how
good a name is because later in the
trend, the market potential reduces and
the tendency for stocks to double
decreases, right? And that's the reason
we want to get involved in day one, two,
three of a cycle with the highest amount
of exposure so that we can then navigate
stress tests, pullbacks, consolidations,
etc. thereafter. So that's pretty much,
you know, the biggest thing is I need to
know how much I'm going to size up a
name and that's always based on how many
edges are present. Perfect. So step
five, building your game plan. Uh so
once you have that daily focus list of
just a handful of names and again by
selecting only a small number of names,
you're going to execute better. But
there's the trade-off that you might
miss something. But the counterintuitive
thing is you're gonna you're gonna get
more great trades by focusing on less
than trying to focus on 10 15 names at
the open. There's just too much noise,
too much going on. Focus on less to
catch more and perform better. Uh so
building your game plan, think about how
aggressive you plan to be on that day.
Uh for each daily focus list stock, uh
think about what entry tactic you're
using. What is your pivot point? What's
your buy point? What is your position
sizing? Um what is your stop-loss risk
level? And for each position, key
levels, how you're managing those
positions, if this, then that. Again,
you want to think in this framework. If
um Hood, which I was watching as my
daily focus list, gaps up above the
pivot, am I watching for a pull in back
to support or am I using an opening
range breakout? And what what decides
that is basically the market analysis,
uh your risk tolerance, the entry
tactics you like to use. Uh so think
about those situations um for every
stock you own as well as every stock you
want uh to potentially own. and enter.
Step four, trade execution. Uh
pre-market screens that we like to use.
Uh earnings movers, gap ups over 5%,
high volume run rate. That's how we like
to to find uh and focus on names uh
during the day. Uh trade execution. Um
this is kind of the time to to put on
trades for me. 9:30 a.m. to 10:45 a.m.
Uh, I watch the price action of
positions and top ideas, review the
strength the market, wider focus list,
monitor and manage alerts as I go on,
and if a daily focus name um triggers my
plan, I'll enter. Uh, and, you know,
based on price action, volume run rate,
confirming action, all of that. I like
to see sister stocks in the theme acting
well as well. Uh, but once it enters,
you know, goes through the pivot, I'm in
uh, and managing my risk. Uh Ryan,
anything you want to add about um trade
execution time, you know, as soon as the
market opens or or whenever you like to
put on positions? Yeah, I I like to, you
know, operate within the first two hours
of the day, it kind of sets up the
trend. Um and it gets quite clear. If
you have a real good system and and you
know, let's say I do nothing but look at
the first two hours for a whole a whole
year, you'll kind of figure out how to
operate within that uh time frame,
right? And make decisions in that time
frame. Some people say they never will
trade the first hour. Uh and they call
it amateur hour. Uh some folks will only
trade the first hour and I'm one of
those uh where I only trade mostly, you
know, when I'm making decisions on the
direction of the market or where I feel
things are going. I have a clear, you
know, I've done that so many times that
it's become I've become really good at
it basically. So it doesn't really
matter where or which time of day you're
executing. As long as you're doing that
consistently is really what matters
most. But what I tend to do is I have my
focus list. When the market opens, I'm
looking at the focus list only. Uh I'm
looking at, you know, if the market is
confirming the move, if the name I'm
looking at is also confirming the move
as well. And for me, it all boils down
to price action. I'm not even, you know,
I would say these days looking at volume
too much. It's purely price. Is it
holding a level or breaking a level I
was interested in? and is the theme in
the market confirming that move. If it
is, there's no reason for me not to act
um on something like that. So, uh the
first two hours are quite important for
my my trading. Yeah, me as well. And the
reason being I like to manage risk at
the low of the day. It's it's a clear
level. And the low of the day is often
set during this time. Uh on breakouts,
on say we gap down and do an oops
reversal, the low of the day is often
set right there. And then if the stock
acts well throughout the day, you've got
that profit cushion to hold through. Um
so uh again, just getting ready for the
open, here are some additional things
that you you want to think about. Uh
double check alerts, stop losses, have
your game plan ready and in front of
you. Uh have your broker software, deep
view open. Uh all of you must use deep
view. Just kidding. Uh but uh then, you
know, any focusing tasks you like to do.
Uh go for go walk your dog, meditate,
listen to music, whatever gets you in
the right headsp space to be ready to
execute. uh how you need to during the
day can be very helpful. Uh trade
execution, list sorting right at the
open. I like to sort my my list by price
percent change from the open. Uh that
gives me a sense of what stocks are
performing off the open the best. Uh but
I like to sort also by price percent
change today uh from the open, the daily
closing range, volume run rate. All
these are helpful for monitoring ideas
uh watch lists and also identifying
relative strength during the day. If
we're if we're down big and you see
something up from the open or has a
strong daily closing range, that's a
sign of relative strength on that
particular day. Then, uh, 10:45 to 3
p.m., it's kind of about monitoring or
executing if there's additional setups
that that trigger. Uh, noting stand out
standout RS themes, uh, group themes,
all of that. You can kind of monitor the
entire market. And then, uh, I call 3
p.m. to 4 p.m. decision time for any new
positions. I watch the close and
monitor, you know, my cushion in new
names. And if I have enough cushion, at
least a few percent, um, I'll consider
holding overnight depending on the
market conditions. And then I'm always
about, um, adjusting any position stops
if need be, uh, before the market closes
at 400 p.m.
Eastern. Uh, Brian, anything you want to
add about the close and and how, uh, how
you interpret the action at the close?
So, it depending on the type of market
we're in, especially in in downtrends,
um always the close matters uh the most.
In uptrends, I would say it doesn't
really matter too much where we open and
close. Um you know, when a trend
reversal is happening, we're going to
get strong closes uh to each of those
sessions. Even if you study the recent
correction, you'll see that even if we
get an intraday pullback and that
intraday pullback is kind of, you know,
a demand comes in and we get a strong
close, that's your first sign that the
market's about to uh do something
special. uh in a market that's bad and
in a downtrend below moving averages uh
and has no real liquidity, you'll see
that we'll get really strong opens only
for them to fade by um you know midday
to afternoon session and we'll get
really weak closes and that's a hallmark
of you know bad markets uh at the end of
the day. So watch the close, but watch
the close especially in downtrending
markets because those those are very
important and they give you good
information. Yeah, perfect. So step five
is after the market closes, uh you can
go through your routine. Uh review any
additional positions, adjust stops if
need be. Uh do some quick posterior
analysis on how you followed your plan
that day. Make any notes about stocks
that stood out, themes that stood out.
um analyze the market groups, key
stocks, run your postmarket screens,
update your watch list, and then create
your draft daily focus list for the next
day. Um so again, reviewing positions,
adjust stops. I like to sort by weakest
to strongest. Plan for the worst case
scenario. Uh and focus on on losses more
than gains as stage one and two traders.
Uh daily post trade analysis doesn't
have to be exhaustive and and you know,
you can do this on daily basis, you can
do it on a weekly basis, but give
yourself a quick execution score. Uh can
be a mental or on paper. uh stage three
traders and stage four traders can do
this more mentally. Stage one, two need
to add a column to their market cycle
count log to track this. And don't over
complicate this. Just take a few minutes
and go ahead and do
this daily market analysis. Again, just
run through your your own routine uh
based on what you do to analyze the
market, analyze the top groups, top
themes, and then the key stocks. And
then, of course, developing your focus
list for the next day. Uh some
postmarket screens that we like to use.
uh if that will uh update here uh is up
on volume, liquidity, postmarket gaps,
earnings news. All of these things are
uh things we like to incorporate. Uh
here we
go. And then update any watch list that
you need to. Your leaders list, universe
list, gappers, IPO, HTF, momentum, all
these are watch lists you want to
update. And then uh before we get to the
key reminder, I actually wanted to share
just an example of my daily routine just
to show you what I do for the trade lab
every single day to to show you how it
applies. So this is kind of my process
every single day, my daily routine that
I send out to Trade Lab members. Um and
basically I have a quick note on the
market action. I analyze the QQQ, the
IWM, where they are in respect to their
moving averages, how they performed
today versus the expectation that I set.
I bit I I use as a proxy for crypto uh
and how that's performing. I analyze the
overall trends out of four, how are we
performing? Uh I look at the theme
tracker. What are the existing themes?
What are the developing themes for that
day? I also use the heat map to get a
visual look at, you know, what stocks
stood out today. Uh this heat map is
based on price percent change from the
open and relative volume. So, the
biggest uh blue squares are what I'm
what I'm focused on are IRTC. Duolingo
had that huge earnings move. Uh TTWO
didn't make too much progress, but on
big volume. So, I'd want to watch uh
what that one's doing and I think it had
a gap down in recent and then move
higher. Um so, you know, I want to take
a look at the the big ones that stand
out and those are stocks to review. Then
I look at that on a S&P basis. Uh this
was the DU leaders basis. This is that
universe. And then uh I get into the
leaders. So these are kind of the
leaders that I track each day that it's
going to adapt and change based on what
are the leaders currently. But often you
know it's the it's the big growth names
and big cap stocks, mega cap stocks. So
Tesla, PLTR, uh Nvidia, I take a quick
note on how each of these are
performing. Uh Hood, uh it's going to be
on my watch list for next week based on
the tightness. Uh so I'd watch for a
breakout or some other type of entry
tactic. Uh crowd uh just trending. So
again, just taking quick notes on how
these are performing
uh and go through all the leaders here.
And then it's more about uh this the
other stocks that are standing out to me
that are on my weekly focus list. So TEM
watching how it work looks on earnings.
Uh Dolingo, it's not actual uh you know,
it's potentially aable the next day on
day two, but I'm watching for personally
for a range to build here. Um so I'm
just taking a quick note on these SDGR
on earnings, Octa. So you kind of get a
sense of for each of these names, I've
got levels marked. I'm marking down my
observations. And this is really helpful
in going back and seeing what my state
of mind was uh about these stocks in the
moment. Uh you know, before they broke
out, what was I watching for? Did I get
it right? Do I need to adjust going
forward? Uh so all of these uh I take
quick notes on. And then uh at the
bottom I left out I talk about my
overall watch list, my weekly focus
list. Uh, and then my daily focus I
highlight here. So, uh, early next week
on Monday, uh, I'm focused on Hood and
Tesla, two potential market leaders.
That is my focus. Those are the two
stocks I'm focused on. I take a quick
note on what the strongest themes are in
my view right now. Um, and then have a
general situational awareness here,
market thoughts, um, about, you know,
the end of the week, how how would we
perform, how are market leaders doing,
and this kind of helps me, uh, know
whether I want to be aggressive or
defensive based on my actions. So that's
a run through of my daily routine. Those
are the key sections that I do. And to
basically do this is I go through the
deep view leader screen one by one uh
and take note of any key stocks that are
standing out setting updating my
universe list and I go through that
universe list to build this next uh
weekly focus list right here. Um and
then I go through those and say you know
what are the top one or two three names
that I want to focus on the next week.
And that becomes my daily focus list.
So, I want to pause here and see if
there's any uh questions here, but I
don't I don't see anything. Yeah, Trade
Lab is my uh daily newsletter. Uh you
can find out more on uh traderline.com.
And maybe Ry, you can drop the the link
to that in the chat here. Um so, here we
go. So, that's an application of how I
do my daily routine. Ry is going to be a
little bit different. You're going to be
a little bit different as well. Uh, but
that hopefully should show you kind of
the key steps that I go through
personally going from market indexes,
groups, key stocks to stock setting up.
That's kind of the main sections for me.
So, to to kind of summarize today's
webinar, key reminder, simple equals
robust. Uh, there's no perfect system,
no no perfect routine. You just have to
keep going. Um, screening routine is the
structure that sets you up for success.
Uh, the two goals of screening are to
find new ideas and monitor the market
environment. Um, and as you screen, be
detective. Where's the money flowing?
What are the strongest themes? What are
the strongest stocks I should be focused
on? And then create a daily and weekly
routine which catches the stocks likely
to be market leaders. Uh, Ry, anything
else you want to uh cap today off with?
What are the most important things that
you think people should take away? Yeah,
have have tactical screens for different
market situations. Have a routine that
you follow uh on a daily and weekly
basis. have it written out. Uh the more
you know uh deliberate of a process that
you have, the better you will be uh and
the quicker you will get to phase three
or stage three that we spoke about in
one of the first webinars. U the goal of
screening is not to uh be a shortcut as
to what the market may be doing. It's to
find the best ideas for you a little bit
quicker so you don't have to go through
12,000 stocks in the US markets. Uh so
people tend to get that a little
confused. Um the third I would say is
focus on consistent inputs over a span
of time for consistent outputs. Don't
change your inputs every single day or
every single week. You will you will
kind of go um in circles trying to find
out what's working, what isn't working,
etc. So give yourself some time. This is
not a thing that you'll figure out in a
week or a month. it will likely take a
couple of years and then when you do
that consistently it becomes second
nature and your pattern rec recognition
through your daily routines and your
weekend routines improves quite a bit.
So perfect. So with that we'll take a
few more questions. Again I'll put up
the link to order the the handbook here.
Uh if you enjoyed the today's webinar
and found the concepts helpful you're
definitely going to enjoy the Traers
handbook. Again this is coming out um in
just a few weeks now. you want to order
yours so you get yours as soon as
possible and we'll have more information
about how to unlock the special bonuses
when you order. Um, and just to, you
know, I'll probably send that out next
week actually about how to actually
unlock that. Uh, so definitely go ahead
and pre-order it. You can click the link
if you're watching this live uh right
there and the link is also in the
description for anybody watching on
YouTube. Awesome guys. Well, thank you
guys for tuning in again, spending some
of your Saturday with us. Uh, definitely
appreciate your time. Great question,
great thoughts as well. Uh, so thank you
so much. Um, again, uh, if you found
this webinar helpful, we really believe
you'll enjoy the Trader Handbook. Um,
we're really excited to get this
resource out to you guys. And it's more
than a book. We're going to be including
bonuses such as market market cycle
model book, weekly charts model book,
sell rules model book. Oh, Ryy's got his
copy too here. We'll just um, wave it
around. But yeah, definitely pick it up
and we'll have more information about
how to unlock those bonuses later on. Uh
Ry, do you have a particular chapter
that uh I think the last one with a
whole bunch of charts. Uh the book is
493 pages. So the the last bit of it is
all charts and examples and how to apply
it. And I think that's the most amazing
part of that book because it kind of
puts everything together. So yeah, I my
my personal favorite is the post
analysis chapter because we really walk
through in depth an example of how to
analyze a single trade. Uh that's
chapter 10 and I think that will help a
lot of people who maybe don't have a
process set for analyzing and and having
that feedback loop. So I think that will
help a lot of people as well. But uh
thank you guys all. Definitely pick up
your your copy. The link will be in the
description as well. Uh but thank you
guys all for tuning in and we'll see you
guys in future webinars. Cheers.
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