0:00 You'll never change your life until you
0:01 change something you do daily. The
0:03 secret of your success is found in your
0:04 routine. You know, I think this is
0:06 repeated over and over again in in
0:07 performance-based fields is you can't
0:09 change your outputs without changing
0:11 your inputs. However you define a setup
0:13 for yourself, a stock must exhibit that
0:15 to go on your weekly focus list.
0:17 Otherwise, you're focusing on a stock in
0:18 the middle of nowhere with no clear
0:20 edge, no clear setup, no clear entry
0:22 tactic, no clear framework that you're
0:24 using to manage risk at the end of the
0:25 day. So, there must be a clear setup
0:26 forming. And to focus on a stock, it
0:28 should be within a few days of
0:30 completing a setup slt triggering an
0:31 entry tactic. Why is a trading routine
0:33 important? Most importantly, a regular
0:35 routine is what keeps us highly in tune
0:36 with the market and the process of
0:37 rotation among its leadership. You want
0:39 to state skate where the puck is going?
0:41 You know, people always say, how do you
0:42 analyze rotation? It's about doing a
0:43 routine every day and noticing subtle
0:46 shifts in multiple stocks breaking out
0:48 of a same group. Uh noticing inflows
0:50 into an ETF, an ETF outperforming on a
0:52 down day. Those are the subtle clues
0:53 that you'll only pick up on if you do a
0:55 routine every single day. Building a
0:56 screen, there's six key steps. First,
0:58 define the purpose. Be very clear with
0:59 that. Identify model stocks that kind of
1:02 represent a good avatar for that defined
1:04 screen. Define characteristics that
1:06 break down those avatar screens uh based
1:08 on fundamentals, based on technicals,
1:10 whatever is relevant to the purpose of
1:12 that screen. Create a first iteration.
1:14 Analyze the results and then update the
1:15 criteria and just repeat and do this in
1:17 a cycle until it actually meets what you
1:19 want. A daily routine is an essential to
1:21 perform and stay in tune with daily
1:23 market action and build consistency in
1:25 your trading. Everything we're talking
1:26 about from going from stage one and
1:28 stage two to stage three, a huge part of
1:30 that is consistency in inputs and
1:32 getting better inputs and building
1:33 structure around those inputs. So a
1:35 daily routine is critical for that. It
1:37 keeps you focused, helps you execute, uh
1:38 keeps you in tune with the market,
1:40 identify rotation and gives you a daily
1:42 check-in on the market health. So this
1:43 is the relative strength strength line
1:45 here of PLTR and it began began an RS
1:48 phase on this day right here well before
1:50 it broke out through this pivot. So
1:52 we're always looking for stocks that are
1:53 in existing RS phases and then pull back
1:55 to moving averages, form a tight range,
1:57 gap up, pop up, set up some type of
1:59 other entry tactic or setup uh when
2:01 they're already in an RS phase. That's a
2:02 key thing to look out for. Screening
2:04 routine is a structure that sets you up
2:05 for success. Uh the two goals of
2:07 screening are to find new ideas and
2:08 monitor the market environment. And as
2:10 you screen, be detective. Where's the
2:12 money flowing? What are the strongest
2:14 themes? What are the strongest stocks I
2:15 should be focused on? And then create a
2:16 daily and weekly routine which catches
2:18 the stocks likely to be market
2:21 [Music]
2:25 leaders. Welcome everybody. We're now
2:27 into the screening and routines webinar.
2:30 Uh it's amazing. We've already done all
2:31 this much, but there's still a lot to go
2:33 as well. Uh and the last few webinars
2:35 can be really fun. uh writing trading
2:37 rules, trading analytics, analyzing
2:39 trades, building a model book, building
2:41 new edges, and of course the launch
2:42 webinar on the day of the book release.
2:45 So for for those of you who have been us
2:47 been with us for quite some time, thank
2:49 you guys for joining once again. For
2:51 those of you that this is the first
2:52 time, um definitely go ahead and watch
2:54 the previous ones on YouTube. Um we'll
2:57 probably uh have the link uh sent out by
2:59 email later today where you can access
3:01 all of them. Um, you know, I think this
3:03 is probably one of the best resources
3:04 that you can use if you're a beginning
3:06 trader to get up to speed, build your
3:08 first trading system along, of course,
3:10 with the book. These are very
3:12 complimentary and uh we're excited to
3:14 get this out to you guys on May
3:17 27th. So, here is the link to uh
3:20 actually order your copy and let me know
3:21 in the chat right now if uh you've
3:24 ordered already. I'd be curious to see
3:26 how many of you have already done so.
3:28 And one thing that we can do that's
3:30 pretty cool here on
3:32 Riverside is I can go ahead and show
3:34 this. So this is actually a link that
3:36 you can click and this will bring you
3:38 right to the order page uh where you can
3:40 access uh the trader handbook. Uh we've
3:43 got a lot of bonuses uh in store for
3:45 you. And let me bring up that link one
3:47 more time. We've got a lot of bonuses in
3:49 store if you do pre-order. Uh we'll be
3:51 announcing special model books that you
3:53 get access to. Uh so definitely go ahead
3:54 and pick up your copy if you haven't
3:56 already.
3:58 All right, perfect. So, let's dive in a
4:01 little bit today. Oh, actually, first I
4:02 do want to mention that in addition to
4:04 pre-ordering the book, you also
4:06 definitely want to join the handbook
4:07 weight list. And if you're joining this
4:08 webinar, you've already done so. Um,
4:10 because you get access to a lot of bonus
4:12 articles and resources as well. I've
4:14 already sent out and created quite a bit
4:16 here. Um, but you know, to get access to
4:18 the last ones, including uh next week or
4:20 the week after that, I'll be sending out
4:22 a trade analytics log, a lot of
4:24 templates, uh, checklists, educational
4:26 articles to unlock all these bonuses.
4:28 You want to join this weight list and
4:30 you can access that through this QR code
4:32 if you're watching the recording and
4:34 haven't yet joined. And the link will
4:35 also be in the description of the video
4:37 recording. So, with all that out of the
4:40 way, uh, go ahead, Reck. Do you have
4:42 something to add? No, no. Okay, cool.
4:46 Perfect. So, with all that said, uh just
4:48 want to welcome everybody once again to
4:50 the next Trader Handbook educational
4:52 webinar. Uh today we're discussing stock
4:54 selection and routines, how to narrow
4:56 your focus, how to find the top market
4:58 leaders. Uh this is very relevant and
5:00 time relevant uh to the current markets
5:03 and this goes along with chapter nine of
5:04 the traders handbook. Uh so, if you're
5:07 following along with that resource, this
5:08 is the great uh webinar to complement
5:10 that. I want to start out with uh a
5:13 classic quote from James Clear. uh the
5:15 author atomic habits um that's very
5:18 applicable to today's webinar. Uh
5:20 basically the quote is you do not rise
5:21 to the level of your goals, you fall to
5:23 the level of your systems. And I think
5:25 with trading of of course our goal is to
5:27 perform. Our goal is to be in the top
5:28 market leaders. But how do we actually
5:30 go ahead and achieve that goal of
5:32 getting into the PLTR of the day, of
5:35 getting into the Tesla of the day, of
5:36 getting into an Nvidia um you know early
5:38 2023, 2024. Um how do we actually
5:41 achieve what we want? We have systems in
5:45 place, screening routines in place, the
5:47 logistics in place to identify and enter
5:50 those names. And that's what screening
5:52 and routines is all about. So it might
5:53 not be the sexy part of trading like
5:55 edges and setups that we previously
5:56 covered, but it's actually the one of
5:59 the most important concepts that allows
6:01 you to execute your trading plan and
6:04 actually perform at the end of the day.
6:05 So, I think there's a good quote um to
6:07 remind you that it's about the structure
6:09 that we build with the routines and
6:11 screening routines that sets us up for
6:14 success later on with trading. Here's a
6:17 little bit of the agenda today. Uh first
6:19 we'll discuss stock selection uh the
6:22 tiger framework, tigers framework. Um
6:25 then we'll discuss screening, building a
6:27 screen from scratch. What are the steps
6:29 to do that? We'll just we'll share a lot
6:30 of screens that we personally use um as
6:33 well during our daily and weekly
6:34 routines. Then we'll discuss daily
6:36 routines, weekly routines, how we
6:37 actually go about that and get into a
6:39 lot of the details as well. We're not
6:40 just going to be talking high level
6:41 stuff. We're going to talk about day,
6:43 you know, really the nitty-gritty about
6:45 what we do uh h what how we sort by
6:47 columns to identify uh top movers in the
6:50 first five minutes. We're going to be
6:51 getting into all of that. So stick with
6:53 us until the end. There's a lot of great
6:54 stuff uh that we'll be covering. All
6:57 right. So first getting into stock
6:59 selection. This is kind of the first
7:01 bucket of today's session. Um, you know,
7:03 to start with, uh, what is stock
7:05 selection? Uh, it's all about how to
7:07 find and focus on the top trading
7:09 opportunities each market cycle. Again,
7:11 how do you get into the PLTR, the
7:13 Nvidia, the Tesla, uh, you know, th
7:16 those top names that everybody wants to
7:18 own and goes up hundreds of percent. How
7:20 do you actually find and identify those
7:22 before they actually make those moves or
7:25 at the start of it so you're along for
7:26 the ride? Well, basically what you want
7:28 to do is define the characteristics of
7:30 the top performing stocks and design
7:31 screens and routines to find stocks that
7:34 match those clo closely. Basically, you
7:36 need a system to find the highest
7:37 potential stocks that meet your process
7:39 and criteria. Uh, and for growth stock
7:42 market leaders, the stocks that meet the
7:43 tigers framework are exactly what you're
7:45 looking for. And uh, this is uh,
7:48 inspired by uh, our chats with Stan
7:50 Weinstein. uh whenever there's a big gap
7:52 up in the market, which is uh you know,
7:54 we like to trade the gapper setup. Uh
7:56 it's a sign of of high potential in a
7:57 stock. He says there's a tiger in the
7:59 tank. And this is actually where that
8:01 phrase come from. This is an old uh
8:03 commercial for I think gasoline as well
8:06 uh talking about how to supercharge your
8:09 car uh by putting in their brand of
8:11 gasoline. Well, if you want to
8:12 supercharge your trading, you want to
8:14 use the Tigers framework. And we'll walk
8:16 through the exact criteria that we look
8:18 for uh that define this. So this is the
8:20 tiger's framework. Uh it's an adaptation
8:22 and our kind of evolution on the cans
8:24 slim framework um that tailor it a
8:26 little bit more towards current market
8:27 environments. Uh so what does each of
8:29 the letters stand for? The T in tigers
8:32 is the theme. The stock is writing a
8:34 strong growth theme. Uh the strongest
8:36 themes uh of the day. What is driving
8:38 the market higher? You know recently
8:40 there's been a lot of AI software names.
8:42 Those are themes examples of themes. Uh
8:45 second innovation. the the company has a
8:47 standout product, service or element
8:49 that separates it from its peers and
8:51 makes it stand out. This could be a
8:52 gamechanging process, product, service.
8:56 Um, a CEO could also be a standout. This
8:59 is basically the end factor in Can Slim.
9:01 Uh, the next element, the G stands for
9:04 growth. Uh, the company is currently
9:05 growing its earnings and sales rapidly
9:07 or is projected to in upcoming quarters.
9:09 Quarterly tripledigit growth
9:10 year-over-year and acceleration are
9:12 preferred. We'll show examples of that
9:14 later on, but basically we're looking
9:15 for stocks that are growing the fastest,
9:17 especially in terms of revenue and maybe
9:20 they don't quite have the profits just
9:22 yet. And this is kind of an evolution
9:24 from Can Slim. Uh but it's they're on
9:27 the brink of that. They're on the brink
9:28 of being profitable. There's hints of
9:30 profitability. Their revenue growth is
9:32 there because currently in in modern
9:34 markets, some companies just don't focus
9:36 on profitability. they're focusing on
9:38 building their systems reach growth uh
9:40 in terms of revenue and then they can
9:42 just kind of flip that switch later on
9:44 um and turn on profitability when they
9:46 focus on improving their margins you
9:48 know and actually becoming profitable
9:50 and this leads to this turning point is
9:53 something that we look at closely. uh
9:55 Tesla back in uh 2019 uh that was when
9:59 its first quarter hit where it started
10:01 its massive run of you know several uh
10:03 100% if not a thousand% over the next
10:06 few years and most recently PLTR also um
10:09 made that flip and that's what drove
10:11 this 1,00% move that we've seen uh so
10:14 far. So this growth is really key both
10:17 in terms of revenue growth as well as of
10:19 course uh earnings growth or at least a
10:21 hint of earnings growth and the higher
10:23 the better. We're looking for the uh
10:25 superior stocks. We're not looking for
10:27 your your run-of-the-mill growing 20%.
10:30 We're looking for 50% growth, 40%
10:32 growth, 60% growth, and ideally triple
10:35 digit growth as well. Uh then edges. We
10:38 talked about this at length. Uh it's
10:40 it's covered in chapter 3 of the
10:41 handbook and we also did of course did
10:43 the whole webinar on edges and setups.
10:45 Um basically we're looking for edges to
10:48 be present in the stocks that we select.
10:50 uh whether that's relative strength,
10:51 whether that's the N factor edge that we
10:53 talked about. We want to have again
10:55 we're we're we're looking for
10:57 exceptional companies that are showing
10:58 these edges. We don't want to um we
11:01 don't want to focus on mediocre
11:02 companies. We want to focus on
11:04 exceptional companies. Uh then relative
11:06 strength. This is one of the edges that
11:07 you can look for, but it's also so
11:09 important that it deserves a letter of
11:11 its own. Uh we're looking for stocks
11:12 that are displaying unusual strength,
11:14 outperformance, momentum, and strong
11:16 trend and the ability to trend. And last
11:19 but not least, the setup. All of this is
11:22 good. All well and good, but if the
11:24 stock isn't showing a setup, then it's
11:26 not actionable at that point of time. Uh
11:28 so it's not worth considering. Uh so the
11:30 stock must be forming an actionable
11:32 setup. So this in a nutshell is exactly
11:34 what we're looking for in terms of stock
11:36 selection to identify the market
11:38 leaders. Uh this will help you find the
11:39 PLTR, Nvidia, CrowdStrike, um Tesla when
11:42 they're in favor. Uh this is a great
11:44 framework to to memorize and to
11:47 screenshot as well. If you want to take
11:48 notes, this is a great uh slide to
11:50 screenshot. Uh Ry, anything you want to
11:52 add on this highle framework before we
11:54 get more into the nitty-gritty of how we
11:56 actually apply all these these different
11:58 uh aspects of tigers? All these aspects
12:00 play a role um together. So there's no
12:04 no really you know your top winners in
12:06 the market will have the theme uh will
12:08 be innovating in some space will show
12:11 growth just because of the fact that
12:12 they're innovating and uh creating
12:14 something new and they're part of an up
12:16 andcoming theme in the markets as well.
12:19 So uh the edge will show that relative
12:22 strength is going to outperform the
12:24 markets and then a setup will form. So
12:26 it's not one or three of these elements
12:29 will be present and two of them won't
12:31 be. it will be the all f you know uh you
12:35 know six of these factors will all be
12:37 present uh when you're trading the right
12:40 stock and you know some of them that
12:42 come to mind and feel free to put them
12:44 in the chat um are you know Nvidia's run
12:48 PLTR's run um a the stock that ran so
12:53 they had all of these factors um going
12:57 for them for them to be the you know one
13:00 of the standout stocks uh in in the
13:02 markets. So just just make sure that you
13:06 know it's not a checklist for three out
13:08 of six type of thing or two out of six
13:09 if you're going to have six out of six
13:12 if it's a very very special stock.
13:15 Yep. Perfect. All right. So getting more
13:18 into each of these aspects first
13:20 focusing on the theme. Um now each
13:22 market cycle is shaped by dominant
13:24 themes often driven by the macro
13:26 environment or the innovations of the
13:28 day. Um and you can kind of um and this
13:31 is something we learned from Oliver
13:32 Kell, something he's kind of
13:33 conceptualized. Uh there's kind of two
13:35 main different types of themes. There's
13:37 transformative themes and cyclical
13:39 themes. Transformative are gamechanging
13:42 innovation, new technology being
13:44 developed. This could be AI, this could
13:45 be the internet, this could be
13:47 semiconductors. By themselves, they're
13:49 almost a platform that creates um
13:52 different themes around the market and
13:54 they can last years and years, even
13:56 decades. uh you know we're still seeing
13:58 the impact of internet and really AI is
14:00 just a continuation of uh that
14:03 technology um as well as of course it
14:05 being built on semiconductors. So these
14:06 are long-term innovation driven and this
14:09 is more what we want to focus on to
14:11 catch those transform transformational
14:14 uh companies and transformational
14:15 trades. Uh the second kind of theme is
14:18 cyclical. This could be energy banks.
14:21 It's more short-term. it's macro driven
14:23 um you know c driven by you know what
14:25 the Fed's doing, what monetary policy is
14:28 like. Uh this can work. There can be
14:30 good trades that um are created by this.
14:32 You know gold could be a theme as well
14:35 as we've seen recently with the miners.
14:37 Uh but it's not going to quite produce
14:39 those amazing market leaders. Um there
14:42 could be good trades here and there but
14:44 really we want to be focused much more
14:46 on the transformative themes up here.
14:49 Um so getting more into the theme
14:51 leading companies within these themes
14:52 will grow rapidly attracting
14:54 institutional demand and driving
14:56 powerful price moves and this is because
14:58 you know uh institutions and ETFs they
15:02 have mandates that they need to be
15:03 exposed to a certain sector or a certain
15:06 leading name and when new transformative
15:08 themes come into play there's going to
15:09 be uh you know just injection of money
15:13 uh from these institutions into those
15:15 new themes and into the best stocks
15:16 within those themes and exceptional
15:18 Stock opportunities arise when three
15:20 forces align. This is key. So, make sure
15:22 to write this down. A strong market, a
15:25 thriving theme, and a standout company
15:27 within that theme that has the best
15:29 product has the best service. So, I'll
15:30 say this again. Exceptional stock
15:32 opportunities arise when three forces
15:35 align. A strong market, a thriving
15:37 theme, and a standout company within
15:39 that theme. The goal is to identify the
15:41 top one to three stocks in the leading
15:43 transformative theme by tracking
15:45 momentum, RS, and of course, clean
15:47 setup. So, uh, Ry, anything you want to
15:49 add on the the theme or kind of how you
15:51 think about identifying the themes as
15:53 well? We'll touch a little bit on that
15:54 on the in the routine section, but um,
15:56 yeah, anything on theme that you want to
15:57 add here? I would say um, when safety is
16:02 a theme, that means it's it's usually
16:05 not a good thing for the markets, right?
16:07 So if for example um there's you know
16:11 utilities and REITs and high dividend
16:15 you know stocks like Coke and Pepsi
16:17 trending tobacco etc. That's usually a
16:22 when when that is a theme it's a safety
16:24 type of market where you have to it's
16:26 not driven towards growth stocks. It's
16:29 not driven towards innovation.
16:31 valuations are usually too high and
16:33 we've been in that euphoria zone that we
16:35 spoke about in the last webinar, right?
16:37 So when valuations come down, they're
16:40 back, you know, down down to earth that
16:42 we're consolidating, growth stocks are
16:44 building, you know, bases. Those are the
16:47 times, you know, that's information as
16:49 well. So that should not be ignored. uh
16:51 it should be taken as feedback that hey
16:53 right now the biggest companies in the
16:55 world that are innovating trying to do
16:57 something new trying to be that you know
16:59 the next step in what we may see in
17:01 terms of AI semiconductors internet
17:03 software
17:04 etc that is not you know the market's
17:07 not kind of open to that kind of
17:09 conversation at the moment so do take
17:12 both sides of that equation as
17:13 information when you know growth is
17:15 working your accounts will grow two to
17:18 three times when safety is working it's
17:20 best to usually being cash. Yes, it's
17:22 good to trade gold miners. Yes, it's a
17:24 it's good to trade uh oil stocks, but
17:27 what happens is over time, you're just
17:29 going to tire yourself out. And the best
17:32 moves in the market over the last, you
17:33 know, 50, 60 years, what how however
17:36 much research that you want to do is in
17:38 the
17:39 transformative space, right? When
17:41 there's something new, something drastic
17:43 that's happened, uh etc. Uh the last
17:47 thing I want to mention is uh there are
17:49 times when old companies can also be
17:53 transformative. That's something that's
17:54 a mistake I've made uh myself. So when I
17:58 look at the chart of Microsoft, hey it's
18:00 Microsoft, you know what can it do?
18:02 Well, Microsoft stocks been up 150% in
18:04 the last 24 months, right? So why why
18:08 did that happen? They they focused on
18:11 cloud infrastructure. They focused on
18:12 AI. they invested in chat GPT right open
18:16 AAI itself at a very early level and
18:18 then when those things come about that's
18:21 that company transformed itself to be
18:24 something new even though it's been here
18:26 for you know forever right so that
18:29 that's something that you know I I'm
18:31 quite weak at and I tend to label stocks
18:33 and I know you know many of us do as
18:35 well yeah GEV someone said in the in the
18:38 chat as well so don't don't just um I
18:42 would say label companies It's important
18:43 to know why the stock is going up,
18:45 what's happening. And usually the older
18:47 companies when they're really going up,
18:49 they're doing something to keep up with
18:51 the times or they're leading the times
18:53 like Microsoft is in a way at the moment
18:56 given that open AAI is a private
18:58 company. So um that's that's what I
19:00 wanted. Getting into the next aspect of
19:03 Tiger's innovation. Um so theme leaders
19:06 often have a unique value proposition
19:07 such as prop proprietary technology or
19:10 novel solution to a critical customer
19:12 problem. This is what allows them to
19:13 grow so rapidly. When identifying a
19:15 theme, research which which companies
19:17 are truly innovating by creating by
19:20 reading credible articles and listening
19:21 to informed podcasts while avoiding kind
19:24 of hype and sensationalism. That's going
19:25 to be a part of everything. There's
19:26 always going to be saying AI is going to
19:28 solve everything uh in in five months,
19:30 right? You want to you want to kind of,
19:32 you know, not be too far out on the
19:34 exceptional end. You want to identify a
19:36 strong theme and kind of meet it in the
19:38 middle between pessimism and optimism.
19:40 be just kind of um try to be as
19:43 objective as possible. Keep your ear
19:45 out. Uh read different articles, but you
19:47 don't want to get too invested either
19:48 way. And uh you know, we always want to
19:51 manage risk at the end of the day,
19:52 right? Um be skeptical, grand claims.
19:54 Instead, focus on consensus among
19:56 credible sources to gauge what's real
19:57 versus marketing fluff. Uh you know, in
20:00 many CEO presentations, they've talked
20:02 about how they're investing billions
20:04 into AI. when you see the the Meta CEO,
20:07 the Nvidia CEO, the the Facebook CEO,
20:10 when they all come out and say that,
20:12 that's something that you can take
20:13 credibly and incorporate that into your
20:15 thesis about why AI is going to be a
20:17 theme that lasts multiple years, right?
20:21 Also, firsthand experience with the
20:22 product or company can offer valuable
20:24 insight about what sets the company
20:26 apart. Um, Eve Bob of the IPO life cycle
20:29 trade crew, um, she is excellent at this
20:32 with Tesla early on. she went out and
20:34 tried it and was just, you know, amazed
20:36 with it and that helped build her
20:38 conviction in that particular stock and
20:40 trade and she killed that trade. Uh so
20:43 that type of firsthand experience could
20:44 be really helpful to identify, you know,
20:46 what sets a company apart. Um is this
20:48 going to have a lasting impact on
20:50 consumers? Um so that's something that
20:52 you can incorporate as well into your
20:53 process. Uh if you can go out and try
20:55 the company, go ahead and do so. Uh a
20:57 compelling theme or technology doesn't
20:58 matter if the market doesn't care. This
21:00 is really important to remember. Watch
21:02 how institutions respond. Watch price
21:04 action. Even if you think a stock is
21:06 going to be a gamecher because
21:07 everybody's promising these amazing
21:09 growth in market share or or growth in
21:11 the market as a whole, if the price
21:13 action does not support that thesis, you
21:15 have to wait and maybe come back when it
21:17 starts uh you know showing relative
21:19 strength, developing a setup, all that.
21:22 So price action must validate your
21:23 thesis. If it doesn't, don't force it.
21:26 Move on and revisit later if conditions
21:28 change. Uh Ry, anything you want to um
21:31 add here on, you know, something that
21:33 you might see in a company that sets it
21:34 apart in terms of the product, the
21:36 service, uh you know, we're price action
21:38 traders at the end of the day. Uh but,
21:40 you know, anything that you want to add
21:41 here as well? Yeah, I would say, you
21:44 know, uh many traders tend to go allin
21:47 on something and um that's great when it
21:50 works out. uh and when it doesn't you
21:53 know it it can be your end all and it
21:57 will finish your trading career and uh
21:59 you know overnight. So even if you you
22:02 feel like the best approach that you
22:04 want to take is to place all your chips
22:06 in one basket and watch that closely um
22:10 they're very special and few people that
22:12 can say and do that in the markets. So
22:14 be very careful of that. Um I I like
22:17 what Richard said in terms of you know
22:20 every trend or any theme in the markets
22:23 that's led by anything is as good as
22:26 what price uh is doing. So, if the price
22:29 is not moving up and you have a skin
22:31 care brand that is claiming this and
22:33 that is going to happen in five and 10
22:35 years and you're banking on that to
22:37 happen and it doesn't and you place, you
22:40 know, a large percentage of your
22:41 portfolio into that type of uh into
22:44 those type of companies, you're going to
22:46 have a hard time staying just active in
22:48 the markets because it's almost like a a
22:50 coin flip or buying a lottery ticket at
22:53 that point. So consensus looking at it
22:56 making judgment but also you know not
22:59 having all of your money in one kind of
23:02 air you know uh space or one type of
23:05 innovation is important as well. Again
23:07 like we said in previous webinars in
23:09 terms of risk management uh position
23:11 sizing etc. All those things will play a
23:14 role. Doesn't matter how innovative
23:16 something is and you know for a fact
23:18 that it's going to be the next big
23:19 thing. You still want to position size
23:21 and manage your risk properly and hedge
23:23 your bets by position sizing well and
23:26 not all in one name. So, perfect. All
23:29 right, getting into the next aspect,
23:31 growth. Uh, we like to prioritize strong
23:33 earnings and revenue growth, especially
23:35 revenue growth, which signals aggressive
23:36 market expansion. Profits can be
23:38 deferred through high growth phases, but
23:40 there should be a clear path to
23:41 profitability, especially important in
23:43 tighter monetary environments. uh you
23:44 might remember in 2022, but it was
23:46 really the stocks that were unprofitable
23:48 or you know didn't quite have that
23:50 robust earnings growth um that suffered
23:53 the most and dropped 80 85%. So there's
23:56 situations there's market environments
23:57 where profitability is preferred and you
23:59 just want to you know keep out an eye
24:00 out and and see when those situations
24:02 are. Um so overall we're looking for uh
24:05 significant year-over-year growth of at
24:07 least 25% in earnings or sales and the
24:09 higher the better. triple digit growth
24:11 is ideal. And in addition to just really
24:14 strong growth, ideally what we're seeing
24:16 is accelerating growth uh such as EPS
24:19 growing from 25% to 40% the next quarter
24:22 to 80% uh in consecutive quarters. When
24:25 you see that growth, and we highlight
24:26 this in DFW, and I'll show you exactly
24:28 how in just a minute. When you see that
24:30 acceleration, that's showing a rapid
24:32 expansion and improvement in the
24:34 company, and you really want to look out
24:36 for that. And let me go ahead and zoom
24:38 in here uh to this in Nvidia example. So
24:42 back in when Nvidia was forming this
24:44 base and and we all know what happened.
24:46 It it broke out and gained uh you know
24:48 80% in a short amount of time. If we
24:50 look at the earnings growth, it went
24:52 from negative to positive while
24:55 accelerating every quarter. So, it's
24:57 going from minus 72% to - 51% an
25:00 improvement to plus 25% to plus 861% to
25:04 plus over a,000% growth. This is an
25:07 accelerating trend in earnings. And when
25:09 you see this in deep view, and we
25:10 highlight this with a blue bar when
25:12 there is that pattern, that's something
25:13 to really key in on if the stock is
25:16 recently accelerating earnings growth.
25:18 And we also highlight that in revenue
25:19 growth, which showed up a few quarters
25:21 later. So, this is a key thing to look
25:23 out for because it can create the market
25:25 leader moves that we're, you know, we're
25:27 exactly looking for in the market. Uh,
25:30 moving on. Well, actually, Ryan,
25:31 anything you want to add on on growth?
25:32 What you look for in terms of revenue
25:33 growth, earnings growth, anything like
25:35 that? Uh, one of the other things you
25:37 you will see with, you know, new spaces,
25:40 new themes, new stocks is the rise in
25:42 daily average volume that would
25:44 accompany the growth of the company. Um,
25:47 that's just an element of more market
25:49 participants being interested. So if
25:51 there's a you know a name that is
25:53 trading 150k to 200k average daily
25:57 volume on a 50 or 20 day basis and all
25:59 of a sudden that jumps to 400k to 500k
26:02 it doubles that means there's more
26:04 interest in accumulating that name. Now
26:07 we don't know the direction right the
26:08 direction is always determined by price
26:10 but looking at that rise in average
26:12 daily volume when it comes to innovation
26:14 themes or new themes in the market and
26:17 looking at growth you'll see that in
26:19 every single stock be the Google Nvidas
26:21 uh Chipotle uh Costco uh MEI Amazon and
26:26 Brazil etc they will they all show that
26:29 same thing where when there is an
26:30 increase in interest especially from the
26:33 institutional side there is a rise in
26:35 daily average volume that this I'm
26:38 speaking to for new themes that come up
26:40 in the market in the future. Yep.
26:42 Perfect. And that goes along with edges.
26:45 That's exactly an edge that we look for
26:46 the increase in average volume. And we
26:47 we did an entire webinar. There's an
26:49 entire chapter in the book dedicated to
26:51 this. So, we're not going to go into
26:52 depth, but just in general, fundamentals
26:54 must be confirmed by technical action.
26:57 Signs of institutional accumulation must
26:58 show up on the chart. You know traits of
27:00 leading stocks include the ability to
27:01 trend cleanly in SH markets, quick
27:03 rebounds after corrections, gap ups on
27:05 ear earnings, increasing average volume,
27:07 breakouts and trending moves from base
27:09 patterns. So we want to avoid bomb
27:11 fishing and f and hoping for reversals
27:13 and focus instead on rising leaders
27:15 already showing strength and
27:16 institutional interest. Don't guess
27:18 accumulation. Wait for clear signs of
27:20 technical confirmation. That's really
27:22 key. And we've seen that recently in
27:24 leaders like Crowd. They've rebounded
27:25 the fastest off the lows. They didn't
27:27 break their 200 SMA when the market was
27:29 well below the 200 SMA. They reclaimed
27:31 their short-term moving average fastest.
27:33 They held up and started uh
27:35 transitioning into support that moving
27:37 average and then they've, you know,
27:39 gained another 40% since. And we've been
27:40 talking about this stock throughout this
27:42 this webinar series. And uh earnings are
27:44 upcoming. So, we'll see if this can
27:46 continue. And a gap up and go would be a
27:48 good sign. Uh but we'll see if it needs
27:49 to consolidate a little bit before it
27:51 keeps going. All right. Relative
27:53 strength. Uh, of course we talked about
27:54 this at length in the edges webinar, but
27:58 just to reiterate, relative strength
27:59 reveals leaders. Stocks that hold up or
28:01 rise faster than peers during
28:03 corrections can often become future
28:05 leaders once the market turns. And a key
28:08 RS signal includes RSI making new highs,
28:10 outperforming on 62 and a half% of down
28:13 days. This is a specialist screen that
28:15 RI rise developed at DFW. Um, holding
28:17 above key moving averages and showing
28:19 strength during market weakness. All of
28:20 these are RS signals that you want to
28:22 keep an eye out for and look for as
28:24 you're considering a stock as a
28:26 potential trade or add to your watch
28:28 list. Uh instit institutional
28:29 accumulation during corrections. Strong
28:31 RS stocks attract capital during
28:33 pullbacks as institutions add to high
28:35 conviction positions and use that market
28:37 weakness to add to the stocks that they
28:39 want to continue to build and believe um
28:41 the most in. Uh the RS line is key. This
28:44 is an indicator that compares a stock's
28:46 price relative to the market index like
28:48 the
28:48 spy and an uptrend in the RS line shows
28:52 out performance not just momentum. Uh so
28:54 we're always looking for stocks that are
28:56 in RS phases as we call it when the
28:58 relative strength line is above their
29:00 its 21 EMA. And this is uh what I've got
29:02 right here. Let me actually zoom in
29:04 right in this area. So this is the
29:07 relative strength strength line here of
29:09 PLTR and it began began an RS phase on
29:13 this day right here well before it broke
29:16 out through this pivot. So we're always
29:17 looking for stocks that are in existing
29:19 RS phases and then pull back to moving
29:21 averages, form a tight range, gap up,
29:23 pop up, set up some type of other entry
29:25 tactic or setup uh when they're already
29:27 in an RS phase. That's a key thing to
29:29 look out for. And just that simple thing
29:31 that that's a golden nugget that you
29:33 want to look for a stock in its RS phase
29:35 that then sets up constructively early
29:37 in its trend. That's what you want to
29:39 look for. And then last but not least,
29:42 of course, the end of Tigers is the
29:44 setup. If a stock isn't forming a setup,
29:46 uh it's not going to be one that you
29:47 want to keep on your focus list. Maybe
29:49 it's on your wider universe list, but
29:51 you know, it's not actual. It's not
29:52 ready if there's no setup. So, we're
29:53 looking for gappers, base breakouts,
29:55 launch pads. Maybe one of your go-to
29:57 setups is a moving average pullback. the
29:59 first moving average pullback, that's
30:01 fine, too. But however you define a
30:02 setup for yourself, a stock must exhibit
30:05 that to go on your weekly focus list.
30:07 Otherwise, you're focusing on stock in
30:09 the middle of nowhere with no clear
30:10 edge, no clear setup, no clear entry
30:13 tactic, no clear framework that you're
30:15 using to manage risk at the end of the
30:17 day. So, there must be a clear setup
30:18 forming. And to focus on a stock, it
30:20 should be within a few days of
30:22 completing a setup/triggering an entry
30:24 tactic. And you know it might be
30:26 difficult especially for beginners to
30:27 kind of judge that um of whether it's
30:29 almost ready to go but as you gain more
30:32 experience go through more market market
30:33 cycles study more market leaders study
30:36 more model books you'll get a much
30:37 better sense of when a stock is
30:39 actionable and ready to go. Uh Ryan,
30:41 anything you want to add on either
30:43 relative strength or the setup uh
30:45 aspects of Tigers?
30:47 No, we've covered each of these in depth
30:50 in in previous webinars and the edges
30:52 and entry tactics. So, if you've missed
30:53 those, they're on YouTube. Uh, we have a
30:56 playlist on the YouTube channel that you
30:57 could check out. Um, and if you have any
31:00 questions, definitely leave them in the
31:01 comments there. We'll be happy to answer
31:03 them for sure. Yeah, perfect. All right,
31:06 Ry, do you want to check take the slide?
31:08 Uh, talking about liquid leaders and
31:09 performance enhancers.
31:11 Yeah. So, um, the there's basically two
31:15 different things in the market that you
31:17 want to look for. Uh the liquid leaders
31:19 are the stocks that will lead a trend or
31:22 a theme uh that they're innovating the
31:24 most and they're kind of the snake of
31:26 the head type of situation where they'll
31:28 dictate if that theme you know if Nvidia
31:31 is going up then the semis go up. If
31:33 Nvidia is going into a base, the rest of
31:36 the semis will go into a base, right?
31:38 And usually liquid leaders are
31:40 highlighted by they they trade high
31:42 dollar, you know, dollar volume. They
31:44 have high average uh dollar volume as
31:47 well. And then they have a a huge amount
31:49 of institutional interest. So
31:51 institutions are looking at that company
31:53 as the pillar or as the benchmark for
31:57 how you know other semic companies may
31:59 or may not do well. For example, in the
32:01 case of Nvidia. So that's been you know
32:04 in the past if we take you know the
32:06 restaurant themes uh the retail themes
32:09 the China themes etc there's always that
32:12 one stock that everybody's watching
32:14 right it used to be Baba when it was the
32:16 China stuff that if that one's doing
32:19 well then the rest of them will do uh
32:21 well uh equally as well or rise with the
32:24 tide. Uh the second is performance and
32:26 answers. So what happens is when when
32:30 stocks are moving and a theme is good
32:33 and a space is is seeing innovation
32:35 there will be lesser companies uh in
32:38 that you know lower market caps or
32:40 mid-market cap companies that move a lot
32:43 faster and will actually uh you know
32:46 double and triple and then some. So if
32:48 we take the recent theme that we had in
32:50 AI right we had these companies you know
32:53 like BBAI and um and others that you
32:58 know kind of s right that were just
33:01 propping up after the fact but they
33:04 moved in terms of percentage moves quite
33:07 a bit more than your core AI names that
33:10 were known and leading that trend. So
33:12 those are what we call performance
33:13 enhancers. So the way you want to
33:16 situate your portfolio and how you
33:18 position size, especially as a swing
33:20 trader, not so much as a position
33:21 trader. Position traders want more
33:23 liquid leaders in their portfolio. Swing
33:26 traders want a mix of liquid leaders and
33:27 performance enhancers in their
33:29 portfolio. So the way I do it is I would
33:32 take you know my core names will be part
33:34 of the leadership groups like we spoke
33:36 about in the previous webinars and then
33:38 I'll surround the the core names with
33:40 performance boosters or performance
33:42 enhancers uh as well. So these are names
33:45 that are, you know, lower I would say
33:47 floats, higher ADRs. They move
33:50 significantly faster, but I can lower my
33:53 position size to minimize my risk, but
33:56 get the equal amount of reward as I
33:57 would if I were to trade a liquid leader
34:00 in the markets as well. So those names,
34:02 you know, they're kind of a in-n-out
34:04 type of trade. I'm not looking to hold
34:06 them 3 to 6 to 8 months. It's a quick
34:09 move, you know, 30 to 50% in 8 to 10
34:12 days. Once you get that, especially when
34:14 you have a theme going, you'll there'll
34:15 be many, many, many of those and you
34:17 trade out of them so that when the
34:19 liquid leaders do pull in or it's time
34:22 to base for those bigger stocks with
34:24 higher dollar volume, you have
34:26 significant cushion that's now built in
34:28 your equity curve as well. So it's you
34:31 know especially as swing traders you
34:32 want to keep that in mind because those
34:34 things will play hand in hand you know
34:35 with each other for your equity curve to
34:38 rise and then especially when those
34:39 things pull in the bigger stocks your
34:41 Nvidia's uh Microsofts etc when they
34:44 pull in you'll have sufficient cushion
34:46 to kind of see hey can I let this base
34:48 out can the you know a flat base be
34:50 built and I'll hold through that or do I
34:52 need to sell out because my equity curve
34:54 is going to be hurt. So, um I think
34:57 there's more on this later on uh as well
34:59 or in future webinars on performance
35:01 boosters or performance enhancers. Yeah.
35:04 And what I want to add I I love what you
35:05 said there and just kind of want to
35:07 reiterate everything there. Um when I
35:10 think about my portfolio, I want I have
35:12 kind of five slots open and I want to
35:15 have three of those five slots be liquid
35:17 leaders, a crowd, a PLTR, a Tesla right
35:21 now for instance. And then I've kind of
35:23 got those two other slots to work with
35:25 and identify performance enhancers, more
35:27 swing trade type names, higher momentum
35:29 names to to to, you know, take advantage
35:32 of those opportunities. But I think a
35:34 mistake that people early on make when
35:38 they haven't mastered risk management,
35:40 they they're they're pretty new to
35:42 trading, their stage one, stage two, is
35:44 they see everybody posting about the
35:46 performance enhancers on uh on Twitter,
35:50 you know, the Oaklows, the OQ's, you
35:52 know, the really fast ones, and they
35:54 think that's that's what you should be
35:56 trading. That's what all your portfolio
35:57 should be in. What that's going to do if
35:59 if you focus majority on on that is the
36:02 volatility in your portfolio is going to
36:03 be higher. You're more likely to get
36:05 stopped out if you're you're not adept
36:07 at entering at proper points and
36:09 managing risk and selling selling into
36:10 strength all of that. Um and it's just
36:12 going to create a lot of frustration and
36:15 you know when we talk about boom and
36:16 busting those big swings up and down
36:19 it's going to exacerbate that problem if
36:21 you're only focusing on those super fast
36:23 movers. So, I think if you're newer,
36:25 stage one and two, focusing almost
36:27 entirely on liquid leaders or maybe
36:29 having one performance enhancer slot is
36:31 probably the way to go. But focusing on
36:33 liquid leaders earlier, which still can
36:35 make amazing moves. I mean, PLTR is like
36:37 halfway between a performance enhancer
36:39 and liquid leader almost. Um, it's
36:40 definitely liquid, but it can make
36:42 really fast moves. Focusing more on
36:44 these early on is probably the way to
36:45 go. And then when you've got a few
36:47 market cycles under your belt, then you
36:49 can experiment with seeing, you know, do
36:51 I want to take advantage of an Oaklow
36:53 when that theme is in favor, an SU when
36:55 AI stocks are rocking. Um, you know,
36:57 that's that might be something to think
36:59 about and define for yourself. But I
37:00 think, you know, focusing on liquid
37:02 leaders more as as the core of your
37:03 portfolio is probably the way to go for
37:05 for most people, especially starting
37:07 out. So, just want to add that. All
37:09 right. So, getting now into the routines
37:11 and screening. That was kind of the
37:13 highle framework about how we think
37:15 about um stock selection and you know
37:19 structuring our portfolio. Now how do we
37:21 actually find those stocks and build
37:22 focus lists and all that? How do we
37:24 actually apply that those frameworks? Uh
37:26 so first another quote here uh right I
37:28 think you added this one. You'll never
37:30 change your life until you change
37:31 something you do daily. The secret of
37:33 your success is found in your routine.
37:35 uh you know I think this is repeated
37:36 over and over again in in
37:38 performance-based fields is you know you
37:40 you can't change your outputs without
37:42 changing your inputs and you know again
37:44 it's about establishing the structure
37:46 the routines uh the processes that allow
37:48 you to identify a PLTR crowd strike
37:51 Tesla Nvidia uh you know going back the
37:54 these great market leaders from the past
37:55 few years earlier in the cycles how do
37:57 you find them and identify them early so
37:59 you can take advantage of those trends
38:00 by having routines by having screens
38:02 that on a daily basis
38:05 will show stocks that fit those
38:06 templates. So, that's what we'll be
38:07 talking about today. Ry, anything you
38:09 want to add on on this quote or how you
38:10 kind of conceptualize it? No, I think
38:12 this is what we'll cover uh in this
38:14 section. It's it's it's the most
38:16 important aspect to to get more
38:19 consistent in the markets to have, you
38:22 know, certain steps that you follow. Uh
38:24 it will boost your confidence as well if
38:26 you don't have one written out. um or if
38:29 when you skip, you know, your routines
38:31 due to things outside of trading, you
38:34 you'll know that that is not a good time
38:36 for you to trade as well. So, a lot of
38:37 traders uh feel like when it's Monday to
38:40 Friday, they have to kind of place a
38:41 trade. Uh that's not always the case. If
38:44 you haven't done your routine, you could
38:45 always take a week off, come back later.
38:47 Uh and when you do, you'll have high
38:48 confidence in your trades. And
38:50 confidence plays a big role when um if
38:53 certain position or something is pulling
38:55 back as well. uh you you'll know that
38:57 you've done your homework and you'll
38:58 have more uh you know uh a little more
39:02 emotional, you know, confidence as well
39:04 as you go through and navigate the
39:05 markets. Yeah, I love what you said
39:07 there. And just to give an analogy, if
39:09 you're a pro baseball player and
39:11 preparing for the next day's game, are
39:13 you going to be more confident having
39:15 studied the pitcher, what he throws,
39:17 when he throws it, uh, you know, done a
39:19 bunch of reps in the batting cages, you
39:21 know, visualized anything that can
39:23 happen that next day with that starter
39:25 throwing at you, you know, that is the
39:27 homework that you have to do to prepare
39:29 as a professional baseball player. What
39:31 we're going to be talking now is the
39:32 homework you have to do to be to
39:34 approach trading like a professional and
39:35 to prepare yourself. And like I said,
39:38 confidence makes a huge difference in
39:40 trading and any performance endeavor.
39:43 And doing my routine on a daily basis
39:46 lets me know that I am I'm watching the
39:48 right stocks. I'm focused on the best
39:50 opportunities. Doing that work
39:51 guarantees me that I'm prepared to trade
39:54 and manage risk. Uh so that that that's
39:56 super important. So I I like that you
39:57 said that. Right. So yeah, why is a
39:59 training routine important? Most
40:01 importantly, a regular routine is what
40:02 keeps us highly in tune with the market
40:04 and the process of rotation among its
40:05 leadership. And you know, you know, you
40:08 want to state skate where the puck is
40:09 going. Um, you know, people always say,
40:11 how do you analyze rotation? It's about
40:13 doing a routine every day and noticing
40:15 subtle shifts in multiple stocks
40:18 breaking out of the same group, uh,
40:19 noticing inflows into an ETF, an ETF
40:22 outperforming on a down day. Those are
40:23 the subtle clues that you'll only pick
40:25 up on if you do a routine every single
40:27 day. So routines almost forces us to you
40:30 know keep the market story in our head.
40:32 This is what Ross says. So you're
40:33 continually aware of what the major
40:34 indexes are doing as well as how the
40:36 process of rotation is unfolding. Uh it
40:38 forces you to be aware of the portfolio
40:40 progress or lack thereof. Be really
40:43 realistic with yourself. What kind of
40:45 traction are you getting or are you
40:47 pulling back? Are you in a draw down? It
40:49 really focuses you to be aware of that
40:51 and know the steps to take uh to to
40:53 correct that if need be. All long-term
40:55 successful traders that I know have an
40:57 established routine. Every single person
40:59 who I've interviewed on the Trader Line
41:01 podcast or at the Trailerine
41:02 conferences, people who have been doing
41:04 this for 20 years successfully, they all
41:06 have routines that they follow to
41:08 identify the top stocks for their
41:10 system, for their process. Also, a
41:13 routine hones your skill in the art of
41:15 trading, pattern recognition, always
41:17 knowing what's leading and where we are
41:18 in the cycle, which are all critical to
41:20 your success as a trader or investor. um
41:23 is I I think it was William O'Neal who
41:25 said that you know 50% of the people
41:27 involved in the market or maybe it was
41:28 70% of the people that involved in the
41:30 market simply haven't done enough
41:31 homework you know this is the homework
41:33 that you need to do to be successful
41:35 over many market cycles over decades
41:37 right u for part-time traders it's
41:39 equally important to have some sort of
41:40 regular routine for all of the reasons
41:42 discussed above so just because you're
41:43 doing this um while you're you're also
41:46 of course have a full-time career that
41:48 doesn't give you an excuse to not
41:49 prepare adequately you can't just jump
41:51 into the arena um and expect to to
41:54 perform if you don't do the work. Um so
41:57 do the work, do your trading routine. Uh
41:58 Ryan, anything you want to add uh here
42:00 to to this concept? No, I think uh as
42:03 part-time traders, you you will have
42:05 even more of an advantage because you're
42:08 not distracted. You don't, you know, you
42:09 have a very finite amount of time. And
42:12 having that structure will also help you
42:14 in terms of your daily and weekend
42:16 routines, right? uh and it it's actually
42:19 beneficial that stage one and two
42:21 traders are part-time so that it gives
42:23 you that focus and you know what you
42:25 have to accomplish. It's an important
42:27 part of the framework that we're
42:29 discussing throughout these webinars and
42:31 I think this is what webinar
42:32 7ish. So it all these things play an
42:36 equal role and what you can't pick and
42:39 choose what you want to do if you want
42:42 to be successful. So what we've tried to
42:44 do in the book uh that we've written uh
42:47 the webinars that we're doing is try
42:49 trying to just talk about this you know
42:52 the most important points and the
42:53 trading routine is one of those uh
42:55 points as
42:57 well. Yep. All right. So what is a
43:01 trading routine before we get into the
43:03 details? It's a consistent series of
43:05 steps or tasks screens you run things
43:07 you review uh designed to manage your
43:09 portfolio, find new ideas and prepare
43:10 for any actions you might take. Um, as
43:13 humans, we are always best at things we
43:14 do over and over again. If you've tried
43:16 anything, uh, you're going to be
43:18 terrible at it when you begin it, unless
43:19 you have some natural gift for it. Uh,
43:22 but as you improve, you'll be astounded
43:24 about how much progress you can make in
43:25 a month, you know, uh, three months, a
43:28 year. Uh, if you try, if you do
43:29 something consistently, you'll just
43:30 improve and find, uh, you know, 1%
43:33 improvements every single time you do
43:34 it. And that that's the goal here. So,
43:36 it's the repetition of something that
43:38 what seems to be a daily task into a
43:40 habit. It's no different in trading and
43:42 investing. Having a daily and weekly
43:44 routine that you consistently follow
43:45 will build good habits and more
43:47 importantly positively impact your
43:49 trading in a big way and your
43:51 performance. Uh so I think this is a
43:52 probably a common question people have.
43:54 How long should a routine take? Uh you
43:56 know I think there's not a clear answer
43:58 here. I would say my daily routine and
44:01 weekly routine which is just a little
44:02 bit more uh probably take about 45
44:04 minutes on a daily basis and then maybe
44:06 an hour uh on the weekends. Uh, but it's
44:09 going to be tailored to um, you know,
44:11 your style, what you like to review.
44:13 Some people might get it done in 15
44:14 minutes, other people 30, other people
44:17 an hour. If you're more uh, a beginner
44:19 at this, I would say, you know, it's
44:21 going to take a little bit longer, but
44:23 again, you'll just become more efficient
44:24 at it. You'll be able to run through
44:25 charts faster, uh, run through your
44:27 screens faster, and um, and you'll just
44:30 you'll just be get get better and better
44:32 at it, um, over time. Um, so Ry,
44:34 anything you want to add about how long
44:35 a training routine take and maybe give
44:37 some input about, you know, how long
44:38 yours uh typically takes. Yeah, your
44:41 daily will always uh should be a lot
44:44 smaller in terms of what you're looking
44:46 at. Uh, you don't want to spend, you
44:48 know, multiple hours. I I think um part
44:51 of performance is also having a good
44:53 routine outside of your trading and
44:55 getting enough sleep, stepping away,
44:57 spending time with family so that when
45:00 when you're trading the next day or
45:02 you're coming to your desk at 7:30,
45:04 9:30, whatever the case may be, um that
45:07 you're ma, you know, to make the right
45:09 decisions, you need a fresh mind. And a
45:11 lot of traders don't seem to initially,
45:13 especially in stage one and two,
45:15 understand that. Just like athletes kind
45:17 of, you know, take a rest day, uh, on
45:19 their off days, they're not, you know,
45:21 they're training lightly, not uh,
45:23 they're not going crazy. It's similar in
45:25 trading as well. If you kind of sit
45:27 there at your at your desk all day, um
45:30 you're spending multiple hours before
45:32 the market opens doing doing this and
45:34 that, it it will affect your decision
45:37 making because that's the most important
45:39 part and what dictates, you know, when
45:42 the information is real time, you're
45:44 looking at things in a real time manner,
45:46 how do you decipher that information?
45:48 And for that, you need a fresh mind. So,
45:50 you daily routines one to two hours. uh
45:53 sometimes if it's a it's a bigger down
45:55 day in the markets and you're holding
45:57 significant positions or uh if you're
46:00 getting caught in a gap down obviously
46:01 those days will take you know I do a lot
46:03 more work uh on those days and then if
46:06 it's a you know the last nine days have
46:08 been up days in the S&P um so there's
46:10 not much to do there just sit there look
46:12 at what you own and uh take measure of
46:15 that so it's variable but it shouldn't
46:18 be you know 5 6 hours daily that's uh
46:21 way too much um in terms terms of
46:23 position and swing trading. In terms of
46:25 the weekend routine, um I I take a look
46:28 at the markets in a more holistic way.
46:30 So, I'm reviewing a lot more charts,
46:32 closer to 2, 3,000, 4,000 charts. Some
46:36 people call that crazy. Uh but, you
46:38 know, if you're doing this full-time,
46:40 it's the only thing that you're doing,
46:41 then it makes it worth, you know, the
46:43 the effort uh so that you're prepared
46:46 for the week ahead. So, each situation's
46:49 personal, I would say. Uh it depends on
46:51 your lifestyle, what you're doing, how
46:52 much trading contributes uh to to your
46:56 um you know um income income. Uh but it
47:02 it should be you know shouldn't be crazy
47:05 on a daily basis but the weekends do
47:07 spend some time because it will get it
47:10 it is rewarding. Uh, and that seat time
47:12 when you when you're going through
47:14 different stocks, when you're doing that
47:15 consistently on a weekend basis, you
47:18 know, over time that adds up just like
47:20 the trading journal that we spoke about
47:22 in terms of market cycle and keeping a
47:24 track of that, it's almost like a mental
47:26 thing where when you do a routine and
47:27 you look at a stock, let's say you
47:30 analyze this Saturday and next Saturday,
47:32 you get to look at the same one. your
47:34 brain has a way of working uh and
47:36 looking at patterns in a certain way
47:38 where you connect those two situations
47:40 so that the next time you see something
47:42 like that you're you'll respond a lot
47:44 better. Um I think the weekends are also
47:47 about just looking at you know both
47:49 sides of the equation your wins losses
47:51 but also what you've missed and why you
47:54 missed it and also improving your
47:55 process as well. So that's why the the
47:57 weekends I do take a lot more time uh
47:59 and kind of split it through Friday
48:01 Saturday. Yeah. So that that leads in
48:04 perfectly here. You know, what are the
48:06 components of a trading routine? What
48:07 can be some kind of check boxes that you
48:09 can you can think about. First comes
48:11 market analysis. Then portfolio and post
48:14 analysis like just talked about. How are
48:15 you performing? How are your trades the
48:17 past week? Then it comes to screening,
48:19 building a focus list, which we'll we'll
48:20 have a few slides dedicated to this
48:22 because I think this is a big question
48:23 people have. How do you go from 400
48:25 stocks that you look at to a weekly
48:27 focus list to a daily focus list of just
48:29 a handful to focus on? Right. um that
48:32 that that's definitely a big question
48:33 and we'll answer that watch list
48:35 management and then creating a game plan
48:37 after all this work here about going
48:39 into the next week, how are you going to
48:41 uh perform if things turn out this way?
48:44 What about if this happens? Um that's
48:46 that's al all different components that
48:48 you want to think about here. So, uh Ry,
48:50 this is actually a graphic you made a
48:52 while back about um your weekly your
48:54 weekend routine and in kind of a
48:56 flowchart here. Uh you talked about
48:57 going through thousands of charts. is
48:58 because you go through all these
49:00 different um ETFs and all the stocks
49:03 that are trading on those ETFs. Uh but
49:05 do you want to walk through walk through
49:06 this and kind of talk through you know
49:08 maybe the most important things that uh
49:10 people should take away from this flow
49:12 overall? Yeah. So my routine's broken
49:16 down into basically three components.
49:17 One is a lot of scanning and looking at
49:19 charts. Uh the second is looking at my
49:22 existing positions and how those are
49:24 performing. And then the third is you
49:26 know I subscribe to different reports
49:27 speed stand uh the TML talk etc. Uh
49:30 that's the third component. So the first
49:32 one basically tells me it's a personal
49:35 scan you know different scan. So I'm
49:37 reviewing components of the IBD50. I'm
49:39 looking at the S&P 500 and all the
49:41 components there how they're performing.
49:42 So that's 500 right there. Um NASDAQ
49:45 it's 100 stocks and Russell is over or
49:48 closer to 1,800 1900 um stocks there.
49:52 these you know just going through the
49:54 components of these major markets and
49:56 also the IBD50 list which from a growth
49:58 perspective tells me what's happening
50:00 gives me a good idea of what is working
50:03 what isn't working what themes are
50:05 working is safety a theme is gold are
50:07 gold miners a theme etc things of that
50:09 nature second is you know customized
50:12 scans so could be you know tactical
50:14 based on situation so if we had an
50:16 inside weak I want to see what wasn't
50:18 inside in terms of relative strength if
50:20 we had an outside weak where uh the
50:22 market was, you know, breaking the prior
50:24 week's low, then you want to see what
50:26 didn't break the prior week's low, etc.
50:28 So, tactical screening in terms of
50:29 relative strength, uh bases and what's
50:32 forming there. Um, and we all have
50:34 different ones. So, the main ones for me
50:36 are the Gabber, IPO, and HDF. I make
50:38 sure that those watch lists of mine are
50:40 always updated. Um, the second thing
50:43 that I'm doing basically is going
50:45 through each of my positions, right? How
50:47 are they performing? um do I need to
50:50 look at you know the rising 21day as uh
50:53 now a stop for them? Do I switch from
50:56 the daily to weekly in terms of managing
50:58 the positions? Um and what you know is
51:01 out of let's say I have three or four
51:03 positions which one is my weakest and
51:05 requires most of my attention. So that's
51:08 what I'm doing when I'm reviewing uh
51:10 positions. The last one is to gather
51:12 insights from others. So Ross has over
51:14 25 years 30 years of experience. Stan
51:17 has a closer to 50 um and what are those
51:20 guys and how are they looking at uh the
51:23 markets as well. So I tend to read those
51:25 reports as you know just additional
51:26 insight uh to learn what they're doing
51:29 because they obviously if you're in the
51:31 game for 25 30 to 50 years you've done
51:33 something right to survive that long and
51:35 be that successful. So that is you know
51:38 kind of the third thing that I review as
51:40 well. So the next step uh to to each of
51:42 these after you scan is to update the
51:45 watch list. So I have core watch list,
51:46 the gappers, IPO, HTF, leadership.
51:49 Leadership is one that I keep
51:50 intentionally just so that I, you know,
51:52 I'm forced to position in these themes.
51:55 It was one of my weaknesses where I
51:58 would keep a gappers, IPO and HDF list,
52:00 but I wasn't positioning in the
52:02 leadership stocks or the stocks that
52:04 were leading a particular market cycle
52:06 or a theme in the market. So that was
52:08 the fourth one. And then the universe,
52:10 which is just a combination of all those
52:11 lists just to see what's happening
52:13 there. Um, next is a focus list. So, for
52:16 me, um, the focus list has, you know, it
52:20 used to be 10 is what it says here.
52:22 Right now, it's like five. And I'm
52:24 trying to get even lower to three to,
52:26 you know, if I can get three to four
52:27 names and size them well and be in those
52:29 positions. That's been, you know, a
52:31 recent focus of mine, not 10. Um, and
52:34 then just looking at, you know, how
52:36 which ones deserve the most position
52:38 size, um, which ones deserve most of my
52:42 uh, money. So, number of edges that
52:44 they're showing, which theme they're in,
52:47 etc. And then if I have three or four
52:49 stocks, I know exactly which one should
52:51 get, you know, the most amount of
52:52 position sizing. So, all of this work
52:55 that we spoke about just now is done on
52:56 the weekends. And then on the weekdays,
52:59 it's just the market opens. Do do those
53:01 levels trigger? If they do good, you get
53:03 the position. You assess the situation
53:06 and and you make a decision on if you
53:07 want to make a buy or a sell. So, I'm
53:10 not making any decisions during uh the
53:13 weekdays. Uh you know, I'm not gathering
53:15 information. I'm not uh looking at the
53:18 markets and saying, "Hey, uh is now this
53:21 new stock that's popped up a good idea
53:23 all of a sudden, etc." So, that does
53:25 happen time to time, especially with the
53:27 gappers one uh watch list, but for the
53:30 most part, you know, I have a really
53:32 good idea of what the market's doing. I
53:34 have a really good idea which names I
53:36 want to get involved in um as well on
53:38 the weekend. So, that's kind of the the
53:40 weekly the the last step to this is
53:42 just, you know, where am I at? Am I
53:45 making progress? Am I not making
53:47 progress? the that stat we spoke about
53:49 with the last webinar with Eve, you
53:51 know, if you're um if you're 5% off in
53:55 terms of your equity curve off off the
53:57 highs, um am I really doing uh you know,
54:00 justice or am I making some progress or
54:02 does it justify action in the upcoming
54:04 weeks? So that's market conditions. Um I
54:07 have to know clearly what my leadership
54:09 groups are. So I intentionally write
54:11 those down. Um that's just a deliberate
54:14 exercise for me to make sure that I
54:15 position in those. And then just the
54:17 state of portfolio and focuses. So um
54:21 what I'm trying to get at I guess in
54:22 this slide is that you know 80% of the
54:25 work should be done on the weekends as a
54:28 position or swing trader and then the
54:30 daily routine is kind of slowly tweaking
54:33 that plan depending on what the market
54:37 is doing uh from Monday to Friday. A lot
54:40 of traders do the opposite in stage one
54:42 and stage two, and that's why you
54:44 struggle. If you're waking up looking
54:46 for something to buy, it's almost like
54:48 going to a mall and looking at different
54:51 stores and you're like looking to spend
54:53 money. You're obviously going to end up,
54:56 you know, purchasing something. Whereas
54:58 trading requires the opposite. It's not
55:00 it can't be random. It can't be kind of,
55:03 you know, you have the itch to buy and
55:04 you'll just buy it or you look at
55:06 someone else and what they're doing and
55:08 then you buy it based on, you know,
55:09 other facts that are not your own. None
55:12 of those things will work long term.
55:13 What will work is the preparation you do
55:15 on the weekends and then slowly tweak
55:17 that uh as you trade Monday to Friday.
55:21 Yeah. Excellent. So that's that's just
55:24 kind of a highle example of kind of the
55:27 system you want to build for yourself.
55:28 And yours isn't going to be exactly like
55:30 Rise. This is something he's created
55:32 after years and years of doing this. But
55:34 you can kind of see the the major
55:37 buckets and steps that you want to take
55:38 to build your routine here. And Ry,
55:41 here's a little bit more detail. I don't
55:42 know if you want to add anything here,
55:44 but this kind of breaks it down by day.
55:46 Um, how you how you do your weekend
55:49 routine. Ry, anything you want to add
55:52 here? Um, in terms of Yeah, the Friday.
55:55 So, for me, it's remained the same. I
55:58 would say f, you know, Friday I I I try
56:01 to do a little more now so that
56:03 Saturdays are light and Sundays are
56:05 basically nothing. Um, so I try to get,
56:08 you know, Sundays for me have to be a
56:10 day off so that Monday I'm like really
56:13 pumped to go and uh ready to to to trade
56:18 uh the markets and I have a fresh mind
56:20 as well. I think the most important one
56:23 out of Friday, Saturday, Sunday here is
56:25 the Sunday. you need a day to kind of
56:27 disconnect, go away from the markets and
56:30 that helps you more than it hurts you. I
56:31 think a lot of the folks say the
56:33 opposite. Um, and they emphasize that
56:37 you have to do everything, you know,
56:39 every day you have to do something
56:40 related to the markets for you to be
56:41 successful. I found that the opposite is
56:44 kind of true. It's you need a day off to
56:46 kind of disconnect, step away, and then
56:48 come back uh thereafter.
56:50 Yeah. I what stood out to me is when we
56:52 did the master class with Stan
56:54 Weinstein, how much of that was an
56:56 emphasis on um having a healthy
56:58 lifestyle in general and like getting
57:00 away from the screens once the work is
57:02 done. Um because like you said that gets
57:04 you in the right headsp space that uh
57:06 ensures you just have a balanced life as
57:08 well. We're you know we want to have
57:10 balance overall. We don't live to trade.
57:12 Uh um so you know I I think that's an
57:15 important thing to to remember. All
57:17 right. So key steps of weekly training
57:18 routine just to sum it up again. One,
57:21 market sector group leadership analysis.
57:23 Two, portfolio trading equity curve
57:25 analysis. Then you get to your
57:27 screening, building your focus list,
57:29 creating your trading plan on top of
57:30 that. And then step number six, go enjoy
57:32 life. So getting a little bit into each
57:34 of these as well. So as you're designing
57:36 your own system, just kind of follow
57:38 these steps as you go. We'll go pretty
57:39 quick since Ry kind of walked through
57:41 all of these already. Um, first market
57:43 analysis. Are we in an uptrend,
57:44 downtrend, choppy market? Are we in a,
57:47 you know, corrective phase? Are we in a
57:48 bare market, bull market, all of that.
57:50 Um, you can use your market cycle where
57:52 we've got the market cycle indicator
57:54 right here. You know, if we're in a
57:55 negative market cycle, you can help that
57:56 help use that to define your rules. And
57:59 basically, at the end of the day, you
58:00 know, should you be uh pressing the gas
58:03 pedal pedal um or you know, tapping the
58:06 brakes? That that's what you want to ask
58:08 yourself here. Then uh group sector
58:10 theme analysis. This is another way to
58:11 go about it. Um you know, rise approach
58:13 is more bottoms up. um looking at the
58:16 stocks itself, but you can also
58:18 incorporate top- down approach, which is
58:19 what this theme tracker is. Basically,
58:22 this is a list of key themes in the
58:24 market. This is a built-in um feature of
58:26 Deep View where we can track all these
58:29 themes on a daily, weekly, and monthly
58:32 basis. Your existing themes, and this is
58:34 a an a screenshot, um is going to be
58:37 right here at the top on a one-mon
58:39 basis. Software, genomics, blockchain,
58:41 aerospace, technology, growth stocks are
58:43 doing well. semiconductors are rising
58:44 there as well and you're developing
58:47 themes you want to keep track of on a
58:49 daily basis what themes are standing
58:51 out. So, you know, just a simple setup
58:53 like this with the DFW theme tracker can
58:56 in just a quick view tell you, hey,
58:58 software is leading. I probably want to
59:00 be more focused in that area. Uh
59:01 blockchain's up there. It's been up
59:03 there for quite some time. miners were
59:05 all the way at the top for you know a
59:07 month and uh then we saw software coming
59:10 up uh the ranks here on a daily and
59:13 weekly basis. So tracking these
59:15 different time frames and uh the
59:17 strength within these different themes
59:18 is a great way to identify what areas to
59:22 uh do more homework in. So this is a
59:23 top- down approach. Uh looking at what
59:25 themes are active and you want to again
59:27 think about what themes are
59:28 strengthening, what themes are
59:30 weakening, where's the puck going is
59:32 basically want to what you want to
59:33 identify. And so this is kind of what I
59:35 was talking about. Rise approach uh is
59:38 very much stocks, sector, market. Um and
59:42 uh there there's two approaches just in
59:43 general to identifying the leading
59:45 themes. There's a a top down approach,
59:47 market, sector, stocks, or a bottoms up
59:49 approach, stock, sector, market. Um,
59:51 some people favor one or the other.
59:53 There's no right or wrong wrong answer.
59:55 I personally like to incorporate both
59:57 into my process. I look both at the
59:59 indiv individual stocks just like Ry
60:01 explained, going through the DPU leader
60:03 screen, going through uh the QQQ, all of
60:05 that, the the components therein. Um,
60:08 but I also look at the theme tracker to
60:10 um after I've gone through all this
60:12 stock work, you know, kind of
60:14 reemphasize, confirm, give confirmation
60:16 that of my kind of observations were
60:18 correct. and you might notice shifts a
60:21 little bit faster or the more nuance
60:23 shifts a little bit faster stock sector
60:25 market but if you're working part-time I
60:27 think you can do really really well uh
60:29 just focusing on the sectors or using
60:31 something like the theme tracker to stay
60:33 on top of the themes uh so that's really
60:35 key here then leadership analysis and
60:38 and this is really key um is you know
60:42 you should have a list like Ry maintains
60:44 of active leaders what would O'Neal want
60:47 to be owning what you know what would
60:49 these top traders want to be owning?
60:50 What are the top five names in the
60:52 market right now? Um, so drop in the
60:54 chat right now or or in the comments
60:55 right now, what would be the top five
60:56 names that you'd want to build a
60:58 portfolio um of right now? What would be
61:00 the strongest stocks? Let us know. Uh,
61:02 and then you just want to keep tabs on
61:04 them. How are they performing? Did they
61:06 recently break out of a base? Are they
61:08 trending above moving averages? Or on
61:10 the flip side, are we later in the cycle
61:12 and they're breaking down? Uh, they're
61:14 breaking below moving averages. They're
61:15 gapping down on earnings. keep tabs on
61:18 this leadership. You know, as Ross Haber
61:20 says, watch the leaders, watch the
61:21 leaders, watch the leaders. That's the
61:23 most important thing you can do to
61:24 really stay in tune with the market and
61:26 if we're on a risk on or risk off
61:28 environment. Uh so that that's
61:30 definitely something important to
61:31 remember. Step two, uh portfolio trade
61:34 equity curve analysis. Uh this is just
61:37 analyzing your performance. You know,
61:38 are you making progress? Um rank and
61:41 grade your positions, which is your
61:42 strongest, which is your weakest. uh
61:44 know which ones you'd cut first on
61:46 weakness and just you know be honest
61:48 with yourself about how you're
61:49 performing and if you're not performing
61:51 up to the standards or how you think you
61:52 should be performing what inputs do you
61:54 need to change to get to that level or
61:57 is it more of an aspect of the market in
61:59 general uh which you would see based on
62:01 your market analysis leadership analysis
62:03 and then you want to kind of um decide
62:05 how you want to move forward you want to
62:06 take uh tap the brakes a little bit uh
62:08 but this is really important you have to
62:10 look at your actual results because at
62:12 the end of the This is the ultimate
62:14 measuring stick that you want to pay
62:16 attention
62:17 to. Then post analysis, you know,
62:19 looking at your positions. Uh grade and
62:21 check them. Um grade your process. Did
62:24 you enter correctly based on your entry
62:26 tactic, your setup, or did you enter out
62:28 of nowhere? Uh look at your past
62:30 feedback. Uh you know, are your trades
62:32 giving you lower uh you know, loss win
62:36 or are they you know, win-win loss loss
62:38 loss? you know, look at, you know, the
62:40 pattern of your recent trades and how
62:42 they're performing and you'll start to
62:44 see patterns and know when your
62:46 performance is is going well, your
62:47 trading is going well or when you might
62:49 want to take a step back because you're
62:50 getting negative feedback from the
62:52 market. Um, in addition to your own uh
62:55 performance, this is something that's
62:56 helpful for me. I also look at my watch
62:59 list as a whole to see did the setups
63:01 that I identified act well and actually
63:04 break out um or did they all reverse
63:06 down from pivots and you know re are
63:08 testing support now that feedback from
63:10 the watch list can also aid you in
63:12 identifying the market conditions and
63:14 basically just where we're at. So in
63:15 addition to your own trading look at how
63:17 the watch the setups on your watch list
63:19 performed. All right, step three
63:21 screening. Again, this is just continued
63:24 market analysis, situational awareness
63:25 and theme identification as well as of
63:28 course trade ideation. Uh so those are
63:30 kind of the two objectives of screening
63:31 if you want to take a step back uh to
63:33 find new potential trades and get that
63:36 bottoms up awareness of the themes and
63:39 the health of the market. Uh there are
63:41 kind of two main types of screens that
63:43 you want to think about as you're
63:44 creating them or using them in general.
63:46 There are general screens and then
63:49 specialist screens. General screens are
63:52 um using minimum criteria, dollar
63:54 volume, trend, relative strength to cast
63:56 a wide net and see a lot of stocks that
63:58 might meet your criteria. And your
64:00 criteria might incorporate fundamentals,
64:02 it might only incorporate technicals,
64:04 whatever works for you. And this allows
64:06 you again to get a sense of the the
64:08 market, see how groups are developing,
64:10 and again just cast a wide net. So you
64:12 want to think of a net for general
64:14 screens.
64:15 Then on the flip side, you've got your
64:17 special screens which have very strict
64:19 crit criteria. Maybe they're only look
64:22 looking for one specific edge or one
64:25 specific setup or one specific entry
64:26 tactic. It's a focus searched and it
64:29 might be situation dependent. You know,
64:31 earlier in market cycle, you want to be
64:33 you might only want to be looking for
64:34 gap ups. Later on in a market cycle, you
64:36 might only look want to be looking for
64:38 uh 21 EMA pullbacks. Uh it can be
64:40 situation dependent. And the the key
64:43 thing here is is really it's a scalpel.
64:45 It's not casting a wide net. It's a
64:47 scalpel looking at a very narrow set of
64:49 criteria and trying to find stocks that
64:52 exactly meet that criteria. And we'll
64:54 show some examples for both of these.
64:55 But as you're designing a new screen as
64:57 well as just using something that
64:59 somebody else created, think about is
65:01 this a general screen for, you know,
65:03 just seeing general strong growth stocks
65:05 or is it a specialist screen looking for
65:07 a very specific setup or situation.
65:11 So, here's a fantastic general screen.
65:14 Uh, the DFU universe. We've also got the
65:15 DFU leader screen. It's got it looking
65:18 for uh minimum liquidity, RS, industry
65:21 group, trend, emphasis on recent
65:23 performance. Here's the criteria right
65:24 here. This is a preset in DPU. And this
65:26 is going to cast a wide net and get
65:28 about 200 results that you can go
65:30 through pretty high quality ideas. Um,
65:33 and this is a good way to get a sense of
65:34 the market environment. Um, and you
65:37 know, if you can only look at one
65:38 screen, this is what I would use as
65:39 well. Another example is the liquid
65:41 leaders preset that we have in DFW. Uh
65:43 this is the criteria right here. Dollar
65:45 volume of over 100 million. Uh and then
65:47 minimum relative strength. Looking at
65:49 for high liquidity and strong momentum
65:51 ratings. Again, Cass has a pretty wide
65:53 net uh over a 100 results. Here we've
65:56 also got Christian Qualamagi's
65:58 three-month top performer screen built
65:59 in here. We worked with him to bring
66:01 this as a preset. And we've got minimum
66:04 liquidity stocks that move and looking
66:06 for top 2% of performers over the past
66:08 three months. And it's a very simple
66:10 screen gets about 85 results. And this
66:12 is going to help you find those momentum
66:14 leaders, those potential performance
66:16 enhancers. Uh here's one more general
66:18 screen that we've got a preset in deep
66:20 view. Uh Mark Mervin's trend templates
66:22 uh that meet his trend criteria off lows
66:24 above 200 day in trend and we've got the
66:27 different variations as well. So all
66:28 these are examples of a pretty wide
66:31 casting a pretty wide net with general
66:32 screens.
66:34 Then with specialist screens, we talked
66:36 about the HV edges and the edges and
66:38 setup uh webinar. Um you know, this
66:40 screen is specifically looking for
66:42 stocks that are showing the highest
66:44 volume ever, highest volume in one year
66:46 or highest volume since the IPO. It's
66:48 very focused on that specific edge and
66:50 is very tailored to how Ry and people
66:53 who trade this edge incorporate things.
66:55 Uh Ry, anything you want to add on the
66:57 HV edges screen? You know, where you
66:58 incorporate into your process? Yeah, I
67:01 this one I run daily um because the you
67:05 know it shows up it's looking at the
67:07 daily chart itself. So especially in
67:10 earnings season it's it's a good one to
67:11 run to see which stocks are gapping up
67:14 and exhibiting this edge. If you're not
67:16 familiar with any of these or what we're
67:18 speaking about definitely check out the
67:19 previous webinars where we go into depth
67:21 of each one of these. But this is the
67:23 one that I run on on a daily basis.
67:27 Yep. And here's another special screen
67:29 that I use. So, I call it the power 21.
67:31 This is a preset in DFW. It's
67:33 specifically looking for powerful stocks
67:36 that are then pulling back to their 21
67:38 EMA. They're within a few percent of
67:40 their 21 EMA. And uh ADR over 10 or
67:43 sorry, over 3% and within a few
67:46 percentage of that 21 EMA. So, this is
67:48 built into Deep View. Very easy to to to
67:50 pick up. Um and again, a specialist
67:52 screen that's only looking for stocks
67:54 pulling back to 21 EMA. And there's not
67:56 many results here, as you can see.
67:59 another special screen uh triple digit
68:01 growth. Uh this is what I call the
68:03 Levongo Finder because that was an
68:06 amazing stock and it had amazing growth
68:08 metrics before and during its move. So
68:11 it's looking for tripledigit earnings
68:13 growth and or tripledigit sales growth
68:15 here uh for this specialist screen and
68:17 there's not many stocks that meet that
68:19 pretty strict criteria. Um, so you know,
68:22 again, you want to kind of combine all
68:24 these different screens, both general
68:25 screens and special screens to create
68:28 your overall universe. And you can
68:30 actually use a DV combo list to combine
68:32 everything in one screen. Uh, so you
68:34 don't have to look at PLTR, which shows
68:36 up on all these different screens uh,
68:38 over and over again. You can save time
68:40 by combining that all of that into a
68:42 combo list. And then go through the
68:43 results. And when you want to build your
68:45 universe list, which is kind of your
68:47 wider list that you go to, just uh from
68:50 your weekly routines and daily routines,
68:52 add any trending, strong, developing
68:54 stocks to that list. And what you want
68:57 to think about is stocks you could
68:59 imagine trading in the next month would
69:01 be ones that you would add here. Maybe
69:03 it's extended right now, but shown
69:04 relative strength, and maybe you missed
69:06 it. Just add it to your wider universe
69:08 list, and then you can review it each
69:10 week. And if it does set up a a pullback
69:12 setup or some other setup, then you can
69:14 trade it then. But uh if you don't keep
69:16 it on your radar, you're going to lose
69:17 it and miss that potential opportunity.
69:19 So again, building your universe list is
69:21 all about finding stocks that you could
69:22 trade within the next month. Then
69:25 building your uh weekly focus list.
69:27 Again, this is a list of 10 to 15 names.
69:29 Some people are going to have less, some
69:31 people are going to have more. Um and
69:32 this is more for stocks that are
69:34 actionable this week. So they're a lot
69:36 more refined than something that might
69:38 just be actionable over the next month
69:39 or so. Um, and you want to use the co
69:42 top combination of fundamentals and
69:43 technicals depending on how you
69:45 particular trade. Maybe you only
69:46 consider technicals. That's fine. Uh,
69:48 weight those stocks based on their
69:50 technical action. And basically what
69:53 this should do is it should align with
69:55 the edges and entry tactics that you
69:57 use. Uh, they should be stocks in
69:58 leading themes and they should be set up
70:00 on both a weekly chart and daily chart.
70:03 So there should be a setup. There should
70:04 be a clear setup that you're using and
70:06 would use to actually execute this
70:08 stock. Um, then in addition, you want to
70:10 update your watch list. This is what Ry
70:13 walked through. Um, updating his leaders
70:15 list, his universe list, his gappers
70:17 list, IPO, momentum. Um, this is what
70:19 you should do, uh, every single week as
70:22 well. Uh, then step five, for any names
70:24 that are, you know, on your weekly focus
70:27 list, create a trading plan. Uh, list
70:29 the edges that go with each of these
70:31 stocks. Uh list the setup entry tactic
70:33 that you would use, the position size,
70:35 number of shares you would use, the
70:36 pivot level that you would buy, the
70:38 likely risk management process that you
70:39 will use, and any other notes that are
70:42 related to that stock. And think about
70:44 it in terms of if this, then this. And
70:47 do this again for all the stocks on your
70:49 weekly watch list. Step five is just
70:52 about preparation. So setting alerts,
70:54 early alerts below the pivot, adjusting
70:56 stops if you haven't already, and just
70:58 preparing for the week. And then like Ry
71:00 said and emphasized and we talked about
71:02 uh step six is to take a step back from
71:04 the screens. Go outside, live your real
71:06 life, uh go enjoy life and you know
71:09 everybody should have hobbies and uh
71:11 that those are key part of getting your
71:12 mind right and being in the right headsp
71:14 space to perform as well. Uh so that's
71:16 it for the weekly routine. We'll get
71:18 into the daily routine in just a second,
71:20 but I want to pause here for any key
71:22 questions that people have about a
71:24 weekly routine or stock selection. And
71:26 here's just a reminder. You can order
71:28 the traders handbook using this QR code.
71:30 And let me also bring up the link here
71:33 uh as well. For those in in here, you
71:37 can click this and order yours. Um you
71:39 know, we're really excited to get this
71:40 out. It's coming out in just a few weeks
71:42 now. You definitely want to pre-order to
71:43 make sure you have it on launch day. Um
71:45 and we'll have be talking about a lot of
71:47 the bonuses that you unlock with this as
71:49 well. Exclusive Q&A, exclusive model
71:52 books as well. So definitely go ahead
71:53 and pick up yours. But let's see if
71:55 there's any questions. And Ry, if you
71:57 see any uh that you want us to answer,
71:59 definitely just uh call it out and we
72:01 can get it going.
72:04 Yeah, I see I see a couple coming
72:06 through from Anthony,
72:08 Shane. So, do you want to bring those up
72:11 on the screen or Yeah, let me let me go
72:14 ahead and do that. Give one second.
72:20 Are you bringing them up on the Richard
72:22 F screen because I don't see No, I I'm
72:26 I'm trying to find them. There's a lot
72:27 of chat messages here. Yeah, I got to
72:29 scroll to the bottom here.
72:32 All right.
72:33 Uh which one did you want to start with?
72:37 Uh any how do we or we patterns or so
72:41 this is from uh Jas after tight and
72:44 logical price action. How do you rank
72:46 everything else by importance, volume,
72:48 earnings, rev, guidance, RS, um market
72:51 strength, uh market cycle? Um for me,
72:54 it's all about what's the tightest and
72:56 and has shown the ability to trend in
72:58 the past and I can visualize it doubling
73:01 from here. Ry, this is a framework that
73:02 I think you talked about. you know, can
73:04 I visualize the stock doubling from this
73:07 point from the setup on both the daily
73:08 and weekly chart and from there I think
73:11 the theme is the most important thing
73:13 and that contributes to the potential of
73:15 the stock you know
73:17 um if it's not part of the leading theme
73:19 it's probably not going to be the best
73:21 performer over the next few months. So
73:22 that's what I'm always thinking about.
73:24 Ryan, anything you want to add to to
73:25 this question? How you rank a stock
73:27 based on the different characteristics?
73:29 Yeah, I think uh price and and um like
73:34 uh the the price characteristics if it's
73:37 a higher price versus a lower one,
73:39 right? Is is an important one. Usually
73:42 performance boosters are your lower
73:44 price stocks and your uh liquid leaders
73:47 are your higher price. Uh for me, float
73:50 uh matters. So float tells me how fast a
73:52 stock can move. Uh but recently we've
73:54 seen you know uh other factors like a
73:57 stock with a billion flow can still kind
73:59 of move quite fast. Um ADR uh is is is
74:04 one. Um I don't really look at revenue
74:08 like guidance uh numbers. That's not
74:10 really part of my game. But I do look at
74:14 if the earnings is the highest it's ever
74:16 been or the sales have been the highest
74:18 they've ever been. That's a key metric
74:20 for me. Um, let's see. And then where
74:24 we're at with the market cycle. So, like
74:26 we spoke about in the market cycle
74:27 webinar, if we're early in the market
74:30 cycle and I've seen a stock and I'll
74:32 pick on a particular stock. In this
74:34 case, in this cycle, it's been Hood and
74:37 PLTR. And those have been my focus. Uh,
74:42 you know, did Netflix move up as well?
74:44 Yes, it did. Did I get into it? No. So,
74:46 I'm not going to catch every one of
74:48 them, but uh I usually take a few stocks
74:51 that I feel like are forming really good
74:53 bases and then when they start to show
74:54 relative strength, I even um what I say
74:58 is I Sharpie them. Sharpie meaning I
75:00 just write it down with a Sharpie. It
75:01 stands out on a piece of paper. Um and
75:04 then those become even, you know, I
75:06 really just take that and I want to
75:09 position size in those. So um all these
75:12 factors kind of play a role and then I
75:14 want to get in early in the market cycle
75:16 they you know as the market cycle is
75:18 turning and if I get into those stocks
75:20 um they will run 20 to 30% initially
75:24 just based on the ATR ATR float
75:27 characteristics the group they're in how
75:29 they've traded before like Richard said
75:31 etc. So yep and then I see a few
75:33 questions on the bonuses and and
75:35 ordering the book. Um, all you'll have
75:37 to do to unlock the bonuses is we're
75:39 setting up a form where you'll submit
75:41 that and then we'll know you you order
75:43 the book. So, so keep your receipts and
75:46 all of that and by by submitting that
75:48 form, we'll give you access to all those
75:50 bonuses and that'll be if you get the
75:51 Kindle version that'll unlock. If you
75:53 get the hard coverver version, that'll
75:54 unlock as well. And we'll have much more
75:56 information on that in the coming weeks.
75:58 Um, let's see. There's a good one from
76:01 Shane here. Let me find it.
76:04 Uh um are you saying that the daily and
76:07 weekly charts must align before you take
76:09 an entry? There should be an overall
76:11 setup that you're using and the best
76:13 setups for that allow a stock to double
76:16 from them are both on a weekly basis and
76:19 a daily basis. They're coming from a a
76:21 well uh form developed weekly base. And
76:24 the daily setup might be or the daily
76:26 entry tactic might be before the weekly
76:29 chart actually triggers. So, the pivot
76:31 might be a little bit lower, but ideally
76:33 it triggers the daily pivot and then the
76:34 weekly pivot in that same day or in the
76:36 same week. That's what I'm looking for.
76:38 I'm looking for stuff set up on multiple
76:40 time frames. That's where I found the
76:41 most success. Um, all
76:44 right, let's see. Um, and Riot, let me
76:47 know if you see anyone that we should
76:50 mention. Um, I think this is interest.
76:52 Jazz, good questions. If there's a good
76:54 setup in a strong industry, the stock is
76:56 not the industry leader, but set up
76:57 tight and logical and the industry
76:58 leader is much higher than the perfect
77:00 uh titan logical entry, you still pull
77:02 the trigger or uh do you wait for the
77:05 leader set up again? Um I'll answer this
77:07 first. Um if I miss the leader, I will
77:10 trade the second or third name, but um
77:16 I'm always focused on getting into
77:18 working myself into the leader uh versus
77:21 trying to trade those secondary names.
77:23 So basically my preference is to trade
77:25 the leader, but I will trade the second
77:27 stock and and sometimes the the the
77:29 first stock to break out in the industry
77:31 group is isn't actually the leader and
77:33 sometimes other names take over and
77:34 there's kind of rotation between them.
77:36 So I'll trade kind of the one the first
77:38 place and second place stock um would be
77:40 kind of my answer. Ry, what's the what
77:42 what's kind of it from your viewpoint?
77:44 Don't miss the leader. Don't miss the
77:46 leader. I'm just um it if it's the
77:50 situation where you don't get the the
77:52 top tier it is what it is there's always
77:55 you know when we say a theme there's
77:56 multiple stocks in that theme and then
77:58 the best part of it is that same theme
78:00 will have performance boosters as well
78:02 right so um there are multiple ways you
78:06 can attack a theme and be you know
78:08 participate in it. Will you get it
78:10 perfect every time? Likely not. Will you
78:13 miss the initial run? Likely yes. And
78:16 then every time there's a pullback or a
78:19 consolidation after the initial run
78:21 where you can get back um you know into
78:24 you know get involved or expose your
78:26 portfolio or a percentage of your
78:27 portfolio can be invested in that. So
78:29 the market's not you know there's a
78:32 theme it just happens and there's like a
78:33 Vshape all the way up the right side.
78:35 That almost never happens um in the
78:37 markets.
78:40 Uh let's
78:50 see. Uh this is from Manan. Uh Ry, do
78:54 you take uh do you check the tape on any
78:57 day time frame pattern when you enter
78:59 the stock? So I guess what time frames
79:00 are you watching when you when you
79:01 enter? Um I'm I'm looking at daily. Um,
79:06 my levels uh are based if if I'm looking
79:10 at like a high volume uh gapper uh EP uh
79:15 something like that. I go to the
79:16 15minute to maybe find the volume
79:18 support that we spoke about a couple
79:19 webinars ago. Um I know that you use the
79:23 65minut Richard uh quite a bit to to
79:26 find the RMV. But for me it you know
79:29 trading's become more about is it the
79:33 right stock? Does it have the right
79:35 ingredients for it to double and then
79:37 some? And then I try to find a level to
79:41 trade against. So for me, patterns have
79:45 become a little less uh important in
79:47 terms of hey, is this a cup? Is this a
79:50 base? Is this this and that? It's more
79:52 about, you know, is it showing relative
79:53 strength when the NASDAQ's down 3 4%.
79:56 Yes. What what's the level it's show,
79:59 you know, I can pick on the chart that
80:01 it's showing relative strength versus?
80:03 And then what's my risk versus that
80:04 level go trade that's it. So that comes
80:08 with just uh you know more seat time uh
80:12 and just peeling away extra layers of
80:16 information. But the most of the
80:18 research on a stock basis for me is done
80:21 through you know does it have the
80:22 ingredients? Is it part of a theme? Is
80:24 it part of a leadership group? Is it
80:25 innovating? is does it has does it have
80:28 the one of the edges like uh relative
80:31 strength gap up highest volume ever etc.
80:33 If it has that, then it's just about
80:35 picking a level on the chart.
80:38 And this is a we we talked about this,
80:39 but I think it's a good reminder. What
80:41 watch list do you build after scanning
80:42 and how do you manage them afterward? Uh
80:44 moving names between watch list, ranking
80:46 the names in the watch list, deleting
80:47 names, etc. Personally, what I keep is a
80:50 general universe list, a weekly watch
80:52 list, and a leadership list. And then
80:56 I'll set each day a daily focus list,
80:58 which is my actionable one to four
81:00 stocks that I actually want to enter
81:02 that day. Uh but Ry, I know you you you
81:04 have yours that you ran through already.
81:06 Uh but anything you want to add to to
81:08 answer? Yeah, so I have three four uh
81:11 that I keep. The the high volume or the
81:13 gapper list, the IPO, the HDF, and the
81:15 leadership uh you know, themes or
81:18 stocks. Those are the four that I keep
81:20 and I keep those um in addition to the
81:23 focus list. The focus list is mostly the
81:25 names I own or the names I'm interested
81:28 in purchasing. So those get updated
81:30 daily, weekly. There's always, you know,
81:33 as uh a new IPO comes in and I feel like
81:36 it has potential, I add it to the IPO
81:38 list. A new stock that meets the HDF
81:40 criteria of 100% run in 8 weeks and then
81:43 I added to the HDF list and then gappers
81:46 which the with the HVE screen uh that
81:49 Richard showcased a couple slides ago.
81:51 So each of those have screening methods
81:53 and then the last one is what are the
81:55 themes in the markets. I want to track
81:57 those because I want my, you know,
81:59 portfolio to be part of these themes
82:01 because, you know, when the market goes
82:03 up, there's usually a handful of themes
82:04 that will lead it up uh to on the way
82:07 up. So, so that's how I do it. Yeah. And
82:10 my universe list is composed of those
82:12 same things. Recent IPOs that have
82:14 potential, highest momentum movers,
82:16 recent gap ups. That's what I keep on my
82:18 universe list. So, we're we're just
82:20 using we're using slightly different
82:22 processes and I I'm using what works for
82:24 me. Ry Ry is using what works for him.
82:26 and you have to decide kind of what
82:27 works for you. So, let's keep going and
82:29 we'll get more into the daily focus. And
82:30 but first, I wanted to talk about
82:32 building a screen. What's what's a
82:34 framework that you can use to actually
82:36 create a screen if you have an idea for
82:38 either a generalist screen or a
82:40 specialist screen. And in the book, we
82:41 actually give a very in-depth example uh
82:43 using Nvidia from uh the the prior two
82:46 years as kind of your your uh model
82:49 stock, but we'll walk through the
82:50 framework here as well. So, building a
82:52 screen, there's six key steps. First,
82:54 define the purpose. Just be very clear
82:55 with that. Um, you know, this is this is
82:57 something just for anything. You know,
82:59 anything you do, define the purpose
83:01 before you go in to do it. Otherwise,
83:02 you're going to change your mind halfway
83:03 through and, you know, start doing
83:05 everything. We're going to talk about
83:06 this when you're creating new edges as
83:08 well and doing studies. Uh, define the
83:10 purpose of the screen. Be be very clear
83:12 about that. Identify model stocks that
83:15 kind of represent a good avatar for that
83:18 defined screen. uh define
83:19 characteristics that break down those
83:21 avatar screens uh based on fundamentals,
83:24 based on technicals, whatever is
83:25 relevant to the purpose of that screen.
83:28 Uh create a first iteration, analyze the
83:30 results and then update the criteria and
83:32 just repeat and and you know uh do this
83:34 in a cycle until it actually meets what
83:37 you want. Uh so here is uh defining the
83:40 purpose of the screen. Uh you want to
83:43 ask yourself, let's see here. It's not
83:45 updating just yet. There we go. Uh, so
83:48 define the purpose. Um, you want to ask
83:50 yourself this question. You know, what
83:51 are you designing the screen for? I'm
83:53 designing a screen that looks for stocks
83:54 that blank. Um, is it a general versus
83:57 specialist screen? If it's going to be
83:59 general, it's going to be more wider
84:01 scope, minimum criteria. If it's
84:03 specialist, it's going to be very
84:04 specific. When in the market cycle are
84:06 you looking to find that stock and how
84:07 would you define that? Uh, and use very
84:09 specific wording to again really think
84:12 about this. This is probably the the
84:13 stage of uh creating a screen that you
84:16 want to think the most about so you
84:19 think all these things through before
84:20 you actually uh start it. Uh so key
84:22 questions to ask yourself, do I want to
84:24 cast a wide net with a screen or yield
84:25 only a select group of stocks? What type
84:27 of setup am I looking for? What will be
84:30 my time frame for trading stocks from
84:31 this screen? Are you thinking of swing
84:33 trading these? Are you thinking of
84:34 position trading screens? Um what stocks
84:37 situation blueprint am I looking for
84:40 with the screen? Um then after you've
84:42 done that identify a model stock a
84:44 brainstorm five stock situations um
84:47 which you would want this screen to
84:48 highlight in real time and then pick one
84:51 which best represents what you're
84:52 looking
84:53 for. Then you want to define the
84:55 characteristics break down that company
84:57 in terms of metrics market cap shares
85:00 float whatever is relevant to that
85:01 screen or that situation that you're
85:03 looking for. You can use technical data
85:04 points is is uh is that situation um
85:08 happening above the 50 SMA? what is the
85:10 ADR of the stock that you're looking to
85:11 to find? Uh and then fundamental data
85:13 points, EPS growth estimates. Again,
85:15 whatever what is relevant to the purpose
85:17 of the screen. Uh here are some helpful
85:19 data points to use. Dollar volume, ADR
85:22 percentage, DCR. I won't read all of
85:24 these, but these are ones that you can
85:26 incorporate really easily into Deep
85:27 View. Um I'd add RMV is really helpful
85:30 for me as well. Um and these are just
85:32 some ideas that you can incorporate as
85:35 you're designing screen that's fit for
85:37 growth stock trading.
85:39 Then you want to create a first
85:40 iteration. It does not have to be
85:42 perfect. Um but you can create starter
85:44 fil
85:45 filters and def and then make any
85:47 initial tweaks based on uh what you get
85:49 in your results. Um so analyze the
85:52 results, analyze the charts that show up
85:54 currently from that screen and check
85:56 them versus your model model stock. Uh
85:59 what and then think about what criteria
86:00 needs to be added, removed, tweaked to
86:03 get closer to only showing stocks that
86:05 are very similar to your model stock. uh
86:08 your model avatar. Uh then just update
86:10 the criteria and repeat until you are
86:12 satisfied with the results. Again, the
86:14 goal is not to be perfect. The goal is
86:15 to capture 95% of the stock's blueprint.
86:18 You don't want to overfit to remove
86:20 stuff that actually fits the spirit of
86:22 what you're trying to do. You want to
86:23 kind of get to, you know, 90% perfect.
86:26 95% perfect. So, the results are useful
86:29 to you, uh but you're not eliminating
86:31 too much as well. And then you can
86:33 always update to changing markets if
86:35 that that needs to happen. Um, and
86:37 always update the screen uh later on if
86:39 there's something you want to change.
86:40 Uh, brain simmering ideas. We've got a
86:42 lot of top trader screens in DFW built
86:44 in. These are all presets. We've got
86:46 well over 100 presets now in DFW. We've
86:49 got screens from Amit, uh, Rah here, Ben
86:52 Bennett, uh, you know, Chris Peruna, uh,
86:55 Mark Minervini, David Ryan, um,
86:57 Christian Kwamagi, Mario Statudas. So,
87:00 all these top traders, we've
87:01 incorporated their screens into Deep
87:03 View, and you can see their criteria.
87:05 You can duplicate them, edit the
87:06 criteria, uh use this as a foundation
87:08 for the screen that you're developing.
87:10 And all these different traders are
87:12 developing screens for their process,
87:15 how they approach the markets. And you
87:17 can use them again as foundations to
87:19 develop your own or just use them
87:21 natively as plug-and-play. Uh you just
87:23 have to click this dropown menu, go over
87:25 to screen presets, hover over the one
87:27 you want, click it, and it loads right
87:29 there and loads the the results. So
87:31 these uh top trader screens are really
87:33 good for ideiation, but also these are
87:36 screens that they've developed over
87:37 years and years. So you can just use
87:38 them as is as well. Uh we got stuff from
87:41 Dr. Wish, uh Mike Webster, a lot of
87:43 great uh trade presets right here in
87:46 DPW. All right, so now getting into the
87:50 daily trading routine, uh more so we
87:52 talked about the weekly routine. Uh
87:53 daily routine is going to be similar but
87:55 a little bit uh more suited to
87:56 day-to-day. Um, and just in general, uh,
87:59 a daily routine is essential to perform
88:02 and stay in tune with daily market
88:04 action and build consistency in your
88:05 trading. Everything we're talking about
88:08 from going from stage one and stage two
88:09 to stage three, a huge part of that is
88:12 consistency in inputs and getting better
88:14 inputs and building structure around
88:16 those inputs. So, a daily routine is
88:18 critical for that. It keeps you focused,
88:20 helps you execute, uh, keeps you in tune
88:21 with the market, identify rotation, and
88:24 gives you a daily check-in on the market
88:26 health. So here are some key steps for a
88:28 training routine. Uh Ry, I think this
88:30 first slide is is yours if you want to
88:32 talk about just keeping this efficient.
88:34 Um overall, yeah, I think uh doing doing
88:37 the same steps again and again uh will
88:41 allow you to see if a process is
88:44 effective. A lot of that, you know,
88:46 stage one, stage two, phase one, phase
88:48 two traders, uh, will switch things up
88:51 on the fly and not really see, you know,
88:55 uh, the inputs become uh, outputs over a
88:59 span of time. So, if you're continuously
89:01 changing your inputs, then your outputs
89:04 will also change and you will be dazed
89:07 and confused and uh, not really know
89:10 what works and what doesn't. And the
89:12 only way uh for you to know if something
89:15 is working consistently is to keep it
89:17 the same for a span of time, right? And
89:20 then from there on tweak and make things
89:24 better. So the routines that you know
89:26 Ross or Stan Weinstein or Mark Mervini,
89:30 Oliver Kell and all these guys have,
89:33 they don't change things every single
89:34 day, right? um they have habits that
89:38 they have now formed and it will take a
89:40 lot of convincing to kind of change
89:43 those habits over time. But when they
89:45 are making that tweet, they have
89:46 sufficient, you know, tweet uh they they
89:50 have sufficient evidence, right? They're
89:52 looking at things from an objective way
89:54 to get better. So if they they have a
89:56 way to make things more efficient or a
89:58 way to get in earlier into a name, they
90:01 will tweak their systems to do so. And
90:03 Stan Winstein's a really good example of
90:05 that uh where he switched more to daily
90:08 charts from weekly because the markets
90:10 are a lot faster now, right? So his
90:13 method he kind of identified may not be
90:16 as effective when you know selling a
90:18 stock and he needs to sell a little bit
90:21 earlier because when things break the
90:23 50-day he needs to get out rather than
90:25 wait for the 30 week to to kind of do
90:27 its thing, right? So um overall I think
90:32 you your process has to be iterative. It
90:35 has to get better slowly. It won't get
90:38 to its end state overnight and it will
90:41 take multiple years to a decade for you
90:43 to kind of get to a stage where you have
90:46 a really excellent efficient process
90:49 where every part of what you're doing
90:51 gives you the you know really good
90:53 information at the end of the day. So um
90:57 Yep.
90:58 Yeah. And then D, really good question.
90:59 I just want to highlight this while
91:01 we're here. Uh what are the key
91:02 differences in screening criteria for
91:04 position trading and swing trading? Uh
91:06 you know, this goes back to building a
91:08 screen. I think for swing trading,
91:10 you're looking for faster movers,
91:12 tighter price action, um just, you know,
91:14 higher ADR in general. While position
91:16 trading, you're looking more for um
91:19 fundamentals to play a factor. Uh the
91:21 theme to be present, earnings growth,
91:24 sales growth, because uh you know, swing
91:25 trading, you're looking for fast quick
91:27 moves. The fundamentals latter matter
91:29 less so in that situation. While for
91:31 business and trading, if you're trying
91:32 to hold for weeks, months, even a year
91:34 plus, you're going to need driving
91:36 fundamentals behind that move. So that
91:38 that's a key uh that's a key difference
91:40 there. Um just more efficient process.
91:42 This is from a former Trader Lion uh
91:45 subscriber. Efficiency is key to
91:46 maintaining routine. Have a visual flow.
91:48 Know the exact steps. Professional
91:50 approach. Um and again up to 1 hour so
91:52 you can build mental capital. Just want
91:54 to highlight here. This is another
91:56 example similar to rise breakdown of you
91:59 know how you can organize your daily
92:01 routine and you want to incorporate this
92:04 um and build something just like this so
92:06 you can define for yourself you know how
92:08 you actually go about it. So this is
92:09 just an example. We're not going to run
92:11 through this, but you can screenshot
92:12 this and uh tweak it to your own
92:15 process. So, step two, um after you've
92:18 done that, reviewing your current
92:19 positions again for each of your current
92:21 positions is something I do uh the the
92:24 night before as well, just very quickly
92:26 uh in the morning here. Uh I'm on the
92:27 West Coast now. I've had to tweak my
92:29 daily routine uh from what it was uh
92:31 because uh the market opens at 6:30 a.m.
92:34 here instead of uh you know, 9:30 on uh
92:36 the East Coast. So, I do a lot of my
92:38 daily routine more uh the night before
92:40 versus in the morning. It's about quick
92:42 checkups here. So, uh quick positions
92:45 review, review your current positions,
92:46 rank from weakest to strongest. This
92:48 should be done on a weekly basis and
92:50 daily basis. Uh set new stop-loss levels
92:52 if need be. Identify key levels. Uh
92:55 review your exposure level, your your
92:57 total risk, to total open risk, and
92:59 think about is it appropriate and in
93:00 line with the market cycle count and
93:02 where we are, what you're seeing in in
93:04 your market analysis. And then for each
93:06 of your positions, plan scenarios. You
93:08 know, if this gaps down and breaks below
93:10 the 21 EMA, how are you going to respond
93:12 uh based on your profit cushion? If we
93:15 gap up here, are you going to sell into
93:16 strength or are you going to hold for a
93:18 longer move? For each of those
93:19 scenarios, think about how you're going
93:21 to act for each of your positions and uh
93:24 have this planned out ahead of time so
93:25 you're not trying to make decisions on
93:27 the fly in the moment. You're just
93:29 trying to um execute what you've already
93:31 thought through before. And that's going
93:33 to make execution a whole lot easier.
93:35 Step three, building situational and
93:38 market awareness. Uh so reviewing the
93:40 market, you know, are we in an uptrend,
93:41 downtrend or chop? What is the market
93:43 cycle count? Review the previous webinar
93:45 where we talked about this in depth in
93:47 terms of analyzing the market. Um you
93:49 know, is there a stress test uh
93:51 potentially incoming? It's funny. Uh
93:53 last week we we talked about stress
93:54 testes and then we got one. So hopefully
93:57 you guys uh were able to um prepare for
94:00 that adequately based on what we
94:01 presented and that shows you the value
94:03 of what we're presenting. Um you know
94:05 are you are you going to be increasing
94:08 exposure today likely based on where we
94:09 are in the market cycle or is it more of
94:11 a riskmanagement day? Are we gapping up
94:13 down plan accordingly? How aggressive do
94:16 you want to be? Do you want to take new
94:17 trades or are you more just taking a
94:18 step back and managing your positions?
94:20 This is all something that you should
94:22 think about and know internally,
94:24 internalize uh before the market opens
94:26 each day. Review key stocks and leaders.
94:29 Do a quick look at the market leaders.
94:31 How are key stocks performing in
94:32 pre-market? Are we gapping up again? Are
94:34 are we gapping down? Is there a common
94:36 theme among uh leaders that uh you know
94:39 is software group all acting well? Um
94:41 are semis all getting hit hard based on
94:43 an earnings report? All of this should
94:45 kind of go into your situational
94:47 awareness about how to act. Um, and then
94:49 also think about how have your last five
94:51 trades performed. Uh, situational
94:53 awareness. To kind of sum sum this up,
94:55 this is an old post from Rye that kind
94:57 of is a nice summary about how you can
94:58 organize it. You know, type of day. Are
95:00 we uh in a risk management day or are we
95:03 on uh increasing exposure type day?
95:05 What's what's your raw thoughts on the
95:07 market? Uh what are your raw thoughts
95:08 overall about how you'll be exposed? Uh
95:10 so here's some framework that you can
95:12 use. Uh where are we in the market
95:13 cycle? What are your goals for the day?
95:15 Are there any new key news events today
95:17 or in pre-market like CPI? Uh is it a
95:20 Fed day? Um Ry, I know you hate OPEX
95:24 weeks. So, uh you know, that's something
95:25 you you consider as well. Are we gapping
95:28 up down? Uh again, is it an aggressive
95:30 day, a watch day, a risk management day?
95:32 Uh what could the market do today? And
95:34 how will you respond? That's something
95:36 that again you should internalize before
95:39 anything happens. uh if the Fed speaks
95:41 and you know what's going to happen at 2
95:42 p.m. Uh or minutes are going to be
95:44 released, know how you're going to
95:46 respond for each of your positions if we
95:48 drop, you know, 2% after that or rise
95:50 2%. Think all that through and that's a
95:53 part of situational awareness. Ry,
95:54 anything you want to add here about kind
95:55 of what you do on a day-to-day basis to
95:57 to have the situational awareness? Yeah,
96:00 I think this can also be part of the
96:02 market cycle um table that we presented.
96:05 you could just add a column to that and
96:07 do that on a daily basis so that you you
96:09 have all of this in one place. Um we
96:11 will have this in deep view um later
96:14 this year where you can journal things
96:16 from a market cycle plus also a
96:18 situational awareness perspective for
96:20 your journaling. So yeah, awesome. And
96:23 Jay says stress test success. So nice
96:25 nice work guys. Uh great job applying
96:27 applying the concepts here. Uh step
96:29 four, creating daily focus list. This is
96:31 probably what a lot of you are here for.
96:33 How do you actually finalize to the top,
96:35 you know, one, two, three, max four
96:38 names that you're going to focus on a
96:39 daily basis? Um, for me, this starts the
96:41 prior evening, uh, reviewing the weekly,
96:44 uh, weekly watch list, the universe
96:46 list, uh, and my leaders list, and then
96:48 any environment dependent scan/screens.
96:50 Again, if a lot of stocks are pulling
96:52 back in the 21 EMA or that's where the
96:53 leaders are, I'm going to reviewing that
96:56 screen. Then, uh, you know, I say five
96:58 to seven names maximum here. It's more
97:00 now like one one to four. So as as you
97:04 gain experience, you probably minimize
97:05 this even more. Uh and I'm focusing on
97:08 the most actionable highest quality
97:09 setups/ opportunities, the ones with the
97:11 most edges. Um so building a daily focus
97:14 list, some things to ask yourself uh to
97:16 help you do this of your weekly focus
97:18 list. What are the existing leaders near
97:21 proper buy points that you want to work
97:22 yourself into? Uh Ry Brian mentioned,
97:25 you know, in this cycle, we've got Hood,
97:26 we've got Palunteer, we've got Crowd. um
97:29 you know those type of names if they're
97:31 set up that should be your daily focus
97:33 list. Uh which stocks on your list are
97:35 part of the strongest theme? That's a
97:36 key question to ask. Which stocks look
97:38 most prime for a powerful move today?
97:41 Not in a week. They've got to be set up
97:43 today for a powerful move. So near key
97:45 level on a daily and weekly RMV equals
97:48 zero the day before an upside reversal.
97:51 Maybe there was a recent catalyst or uh
97:53 it it had earnings yesterday and gapped
97:56 up and potentially is making for a day
97:57 two move. All of these are are things
97:59 that you can incorporate to say, you
98:01 know, there might be volatility today
98:03 that I can take advantage of. Uh and
98:05 volatility isn't isn't negative. It's
98:07 just a big price movement. And that's
98:09 what you want on a day that we enter
98:11 because it'll give us a good cushion if
98:12 we get on the right side of that
98:14 volatility. Uh which stocks show the
98:16 most recent significant signs of
98:17 accumulation, strongest RS? which stocks
98:20 are earlier in their cycles slash have
98:21 the most potential can double from this
98:23 point. Which stocks can you define your
98:25 risk the easiest? So all of these will
98:27 help you go from those, you know, 15
98:29 names on your weekly watch list to on a
98:32 daily basis, what you really want to
98:34 potentially enter that day. Uh Ry, any
98:36 any color or nuance that you want to add
98:38 when you're thinking about the one, two,
98:41 three stocks maybe that you want to
98:42 focus on on a daily basis? Yeah, I I
98:45 rank them on uh number of edges that are
98:47 present. um how much position size I
98:50 have to give uh each of these names.
98:53 Those are really the two things and then
98:54 it's almost a default that they will be
98:56 part of a strong theme right uh where we
98:59 are where we are in the cycle and then
99:01 the most important thing is your equity
99:04 curve. So if we're day 30, day 40 in a
99:08 market cycle, my position size sizing
99:11 has to account for it. No matter how
99:13 good a name is because later in the
99:15 trend, the market potential reduces and
99:18 the tendency for stocks to double
99:20 decreases, right? And that's the reason
99:22 we want to get involved in day one, two,
99:24 three of a cycle with the highest amount
99:26 of exposure so that we can then navigate
99:28 stress tests, pullbacks, consolidations,
99:31 etc. thereafter. So that's pretty much,
99:34 you know, the biggest thing is I need to
99:35 know how much I'm going to size up a
99:38 name and that's always based on how many
99:40 edges are present. Perfect. So step
99:42 five, building your game plan. Uh so
99:44 once you have that daily focus list of
99:46 just a handful of names and again by
99:49 selecting only a small number of names,
99:51 you're going to execute better. But
99:53 there's the trade-off that you might
99:54 miss something. But the counterintuitive
99:56 thing is you're gonna you're gonna get
99:58 more great trades by focusing on less
100:00 than trying to focus on 10 15 names at
100:03 the open. There's just too much noise,
100:05 too much going on. Focus on less to
100:07 catch more and perform better. Uh so
100:09 building your game plan, think about how
100:11 aggressive you plan to be on that day.
100:13 Uh for each daily focus list stock, uh
100:15 think about what entry tactic you're
100:17 using. What is your pivot point? What's
100:18 your buy point? What is your position
100:20 sizing? Um what is your stop-loss risk
100:23 level? And for each position, key
100:25 levels, how you're managing those
100:26 positions, if this, then that. Again,
100:28 you want to think in this framework. If
100:30 um Hood, which I was watching as my
100:32 daily focus list, gaps up above the
100:34 pivot, am I watching for a pull in back
100:37 to support or am I using an opening
100:39 range breakout? And what what decides
100:42 that is basically the market analysis,
100:44 uh your risk tolerance, the entry
100:46 tactics you like to use. Uh so think
100:48 about those situations um for every
100:50 stock you own as well as every stock you
100:51 want uh to potentially own. and enter.
100:54 Step four, trade execution. Uh
100:56 pre-market screens that we like to use.
100:58 Uh earnings movers, gap ups over 5%,
101:00 high volume run rate. That's how we like
101:02 to to find uh and focus on names uh
101:05 during the day. Uh trade execution. Um
101:07 this is kind of the time to to put on
101:09 trades for me. 9:30 a.m. to 10:45 a.m.
101:12 Uh, I watch the price action of
101:14 positions and top ideas, review the
101:15 strength the market, wider focus list,
101:17 monitor and manage alerts as I go on,
101:19 and if a daily focus name um triggers my
101:22 plan, I'll enter. Uh, and, you know,
101:25 based on price action, volume run rate,
101:27 confirming action, all of that. I like
101:28 to see sister stocks in the theme acting
101:30 well as well. Uh, but once it enters,
101:32 you know, goes through the pivot, I'm in
101:35 uh, and managing my risk. Uh Ryan,
101:36 anything you want to add about um trade
101:38 execution time, you know, as soon as the
101:40 market opens or or whenever you like to
101:42 put on positions? Yeah, I I like to, you
101:45 know, operate within the first two hours
101:46 of the day, it kind of sets up the
101:48 trend. Um and it gets quite clear. If
101:51 you have a real good system and and you
101:53 know, let's say I do nothing but look at
101:55 the first two hours for a whole a whole
101:58 year, you'll kind of figure out how to
101:59 operate within that uh time frame,
102:03 right? And make decisions in that time
102:05 frame. Some people say they never will
102:07 trade the first hour. Uh and they call
102:09 it amateur hour. Uh some folks will only
102:12 trade the first hour and I'm one of
102:14 those uh where I only trade mostly, you
102:17 know, when I'm making decisions on the
102:19 direction of the market or where I feel
102:21 things are going. I have a clear, you
102:23 know, I've done that so many times that
102:25 it's become I've become really good at
102:27 it basically. So it doesn't really
102:29 matter where or which time of day you're
102:31 executing. As long as you're doing that
102:33 consistently is really what matters
102:34 most. But what I tend to do is I have my
102:37 focus list. When the market opens, I'm
102:39 looking at the focus list only. Uh I'm
102:41 looking at, you know, if the market is
102:44 confirming the move, if the name I'm
102:45 looking at is also confirming the move
102:47 as well. And for me, it all boils down
102:50 to price action. I'm not even, you know,
102:52 I would say these days looking at volume
102:54 too much. It's purely price. Is it
102:57 holding a level or breaking a level I
102:59 was interested in? and is the theme in
103:01 the market confirming that move. If it
103:03 is, there's no reason for me not to act
103:05 um on something like that. So, uh the
103:08 first two hours are quite important for
103:10 my my trading. Yeah, me as well. And the
103:13 reason being I like to manage risk at
103:16 the low of the day. It's it's a clear
103:18 level. And the low of the day is often
103:20 set during this time. Uh on breakouts,
103:23 on say we gap down and do an oops
103:25 reversal, the low of the day is often
103:26 set right there. And then if the stock
103:28 acts well throughout the day, you've got
103:29 that profit cushion to hold through. Um
103:32 so uh again, just getting ready for the
103:34 open, here are some additional things
103:35 that you you want to think about. Uh
103:37 double check alerts, stop losses, have
103:39 your game plan ready and in front of
103:40 you. Uh have your broker software, deep
103:42 view open. Uh all of you must use deep
103:44 view. Just kidding. Uh but uh then, you
103:46 know, any focusing tasks you like to do.
103:48 Uh go for go walk your dog, meditate,
103:51 listen to music, whatever gets you in
103:53 the right headsp space to be ready to
103:55 execute. uh how you need to during the
103:57 day can be very helpful. Uh trade
104:00 execution, list sorting right at the
104:02 open. I like to sort my my list by price
104:05 percent change from the open. Uh that
104:07 gives me a sense of what stocks are
104:08 performing off the open the best. Uh but
104:10 I like to sort also by price percent
104:12 change today uh from the open, the daily
104:14 closing range, volume run rate. All
104:16 these are helpful for monitoring ideas
104:18 uh watch lists and also identifying
104:21 relative strength during the day. If
104:22 we're if we're down big and you see
104:24 something up from the open or has a
104:26 strong daily closing range, that's a
104:28 sign of relative strength on that
104:29 particular day. Then, uh, 10:45 to 3
104:32 p.m., it's kind of about monitoring or
104:35 executing if there's additional setups
104:36 that that trigger. Uh, noting stand out
104:39 standout RS themes, uh, group themes,
104:41 all of that. You can kind of monitor the
104:43 entire market. And then, uh, I call 3
104:46 p.m. to 4 p.m. decision time for any new
104:48 positions. I watch the close and
104:50 monitor, you know, my cushion in new
104:52 names. And if I have enough cushion, at
104:54 least a few percent, um, I'll consider
104:57 holding overnight depending on the
104:58 market conditions. And then I'm always
105:00 about, um, adjusting any position stops
105:02 if need be, uh, before the market closes
105:04 at 400 p.m.
105:06 Eastern. Uh, Brian, anything you want to
105:08 add about the close and and how, uh, how
105:11 you interpret the action at the close?
105:13 So, it depending on the type of market
105:16 we're in, especially in in downtrends,
105:19 um always the close matters uh the most.
105:23 In uptrends, I would say it doesn't
105:25 really matter too much where we open and
105:27 close. Um you know, when a trend
105:31 reversal is happening, we're going to
105:34 get strong closes uh to each of those
105:37 sessions. Even if you study the recent
105:39 correction, you'll see that even if we
105:41 get an intraday pullback and that
105:44 intraday pullback is kind of, you know,
105:46 a demand comes in and we get a strong
105:48 close, that's your first sign that the
105:50 market's about to uh do something
105:53 special. uh in a market that's bad and
105:56 in a downtrend below moving averages uh
106:00 and has no real liquidity, you'll see
106:03 that we'll get really strong opens only
106:05 for them to fade by um you know midday
106:08 to afternoon session and we'll get
106:11 really weak closes and that's a hallmark
106:13 of you know bad markets uh at the end of
106:15 the day. So watch the close, but watch
106:18 the close especially in downtrending
106:20 markets because those those are very
106:21 important and they give you good
106:23 information. Yeah, perfect. So step five
106:26 is after the market closes, uh you can
106:28 go through your routine. Uh review any
106:30 additional positions, adjust stops if
106:32 need be. Uh do some quick posterior
106:35 analysis on how you followed your plan
106:37 that day. Make any notes about stocks
106:39 that stood out, themes that stood out.
106:41 um analyze the market groups, key
106:44 stocks, run your postmarket screens,
106:46 update your watch list, and then create
106:47 your draft daily focus list for the next
106:49 day. Um so again, reviewing positions,
106:52 adjust stops. I like to sort by weakest
106:54 to strongest. Plan for the worst case
106:55 scenario. Uh and focus on on losses more
106:58 than gains as stage one and two traders.
107:01 Uh daily post trade analysis doesn't
107:02 have to be exhaustive and and you know,
107:04 you can do this on daily basis, you can
107:05 do it on a weekly basis, but give
107:07 yourself a quick execution score. Uh can
107:09 be a mental or on paper. uh stage three
107:11 traders and stage four traders can do
107:13 this more mentally. Stage one, two need
107:14 to add a column to their market cycle
107:16 count log to track this. And don't over
107:19 complicate this. Just take a few minutes
107:21 and go ahead and do
107:22 this daily market analysis. Again, just
107:25 run through your your own routine uh
107:27 based on what you do to analyze the
107:29 market, analyze the top groups, top
107:31 themes, and then the key stocks. And
107:34 then, of course, developing your focus
107:35 list for the next day. Uh some
107:38 postmarket screens that we like to use.
107:40 uh if that will uh update here uh is up
107:44 on volume, liquidity, postmarket gaps,
107:46 earnings news. All of these things are
107:48 uh things we like to incorporate. Uh
107:51 here we
107:52 go. And then update any watch list that
107:54 you need to. Your leaders list, universe
107:56 list, gappers, IPO, HTF, momentum, all
108:00 these are watch lists you want to
108:01 update. And then uh before we get to the
108:04 key reminder, I actually wanted to share
108:06 just an example of my daily routine just
108:08 to show you what I do for the trade lab
108:10 every single day to to show you how it
108:12 applies. So this is kind of my process
108:14 every single day, my daily routine that
108:16 I send out to Trade Lab members. Um and
108:18 basically I have a quick note on the
108:20 market action. I analyze the QQQ, the
108:23 IWM, where they are in respect to their
108:25 moving averages, how they performed
108:26 today versus the expectation that I set.
108:30 I bit I I use as a proxy for crypto uh
108:32 and how that's performing. I analyze the
108:34 overall trends out of four, how are we
108:36 performing? Uh I look at the theme
108:38 tracker. What are the existing themes?
108:40 What are the developing themes for that
108:42 day? I also use the heat map to get a
108:44 visual look at, you know, what stocks
108:46 stood out today. Uh this heat map is
108:48 based on price percent change from the
108:49 open and relative volume. So, the
108:52 biggest uh blue squares are what I'm
108:54 what I'm focused on are IRTC. Duolingo
108:57 had that huge earnings move. Uh TTWO
108:59 didn't make too much progress, but on
109:01 big volume. So, I'd want to watch uh
109:03 what that one's doing and I think it had
109:04 a gap down in recent and then move
109:06 higher. Um so, you know, I want to take
109:08 a look at the the big ones that stand
109:10 out and those are stocks to review. Then
109:13 I look at that on a S&P basis. Uh this
109:15 was the DU leaders basis. This is that
109:18 universe. And then uh I get into the
109:20 leaders. So these are kind of the
109:22 leaders that I track each day that it's
109:24 going to adapt and change based on what
109:26 are the leaders currently. But often you
109:28 know it's the it's the big growth names
109:30 and big cap stocks, mega cap stocks. So
109:32 Tesla, PLTR, uh Nvidia, I take a quick
109:36 note on how each of these are
109:37 performing. Uh Hood, uh it's going to be
109:39 on my watch list for next week based on
109:40 the tightness. Uh so I'd watch for a
109:42 breakout or some other type of entry
109:44 tactic. Uh crowd uh just trending. So
109:46 again, just taking quick notes on how
109:48 these are performing
109:50 uh and go through all the leaders here.
109:52 And then it's more about uh this the
109:54 other stocks that are standing out to me
109:56 that are on my weekly focus list. So TEM
109:59 watching how it work looks on earnings.
110:01 Uh Dolingo, it's not actual uh you know,
110:04 it's potentially aable the next day on
110:06 day two, but I'm watching for personally
110:08 for a range to build here. Um so I'm
110:10 just taking a quick note on these SDGR
110:12 on earnings, Octa. So you kind of get a
110:14 sense of for each of these names, I've
110:16 got levels marked. I'm marking down my
110:19 observations. And this is really helpful
110:21 in going back and seeing what my state
110:24 of mind was uh about these stocks in the
110:26 moment. Uh you know, before they broke
110:28 out, what was I watching for? Did I get
110:29 it right? Do I need to adjust going
110:31 forward? Uh so all of these uh I take
110:33 quick notes on. And then uh at the
110:36 bottom I left out I talk about my
110:39 overall watch list, my weekly focus
110:40 list. Uh, and then my daily focus I
110:43 highlight here. So, uh, early next week
110:45 on Monday, uh, I'm focused on Hood and
110:47 Tesla, two potential market leaders.
110:49 That is my focus. Those are the two
110:51 stocks I'm focused on. I take a quick
110:53 note on what the strongest themes are in
110:54 my view right now. Um, and then have a
110:57 general situational awareness here,
110:58 market thoughts, um, about, you know,
111:01 the end of the week, how how would we
111:02 perform, how are market leaders doing,
111:04 and this kind of helps me, uh, know
111:06 whether I want to be aggressive or
111:07 defensive based on my actions. So that's
111:09 a run through of my daily routine. Those
111:11 are the key sections that I do. And to
111:14 basically do this is I go through the
111:17 deep view leader screen one by one uh
111:20 and take note of any key stocks that are
111:22 standing out setting updating my
111:24 universe list and I go through that
111:25 universe list to build this next uh
111:28 weekly focus list right here. Um and
111:30 then I go through those and say you know
111:32 what are the top one or two three names
111:34 that I want to focus on the next week.
111:36 And that becomes my daily focus list.
111:39 So, I want to pause here and see if
111:40 there's any uh questions here, but I
111:44 don't I don't see anything. Yeah, Trade
111:46 Lab is my uh daily newsletter. Uh you
111:48 can find out more on uh traderline.com.
111:50 And maybe Ry, you can drop the the link
111:52 to that in the chat here. Um so, here we
111:55 go. So, that's an application of how I
111:57 do my daily routine. Ry is going to be a
111:59 little bit different. You're going to be
112:00 a little bit different as well. Uh, but
112:02 that hopefully should show you kind of
112:03 the key steps that I go through
112:04 personally going from market indexes,
112:07 groups, key stocks to stock setting up.
112:10 That's kind of the main sections for me.
112:13 So, to to kind of summarize today's
112:14 webinar, key reminder, simple equals
112:17 robust. Uh, there's no perfect system,
112:19 no no perfect routine. You just have to
112:21 keep going. Um, screening routine is the
112:23 structure that sets you up for success.
112:24 Uh, the two goals of screening are to
112:26 find new ideas and monitor the market
112:28 environment. Um, and as you screen, be
112:31 detective. Where's the money flowing?
112:33 What are the strongest themes? What are
112:34 the strongest stocks I should be focused
112:35 on? And then create a daily and weekly
112:37 routine which catches the stocks likely
112:39 to be market leaders. Uh, Ry, anything
112:42 else you want to uh cap today off with?
112:45 What are the most important things that
112:46 you think people should take away? Yeah,
112:48 have have tactical screens for different
112:50 market situations. Have a routine that
112:52 you follow uh on a daily and weekly
112:55 basis. have it written out. Uh the more
112:58 you know uh deliberate of a process that
113:01 you have, the better you will be uh and
113:03 the quicker you will get to phase three
113:05 or stage three that we spoke about in
113:07 one of the first webinars. U the goal of
113:10 screening is not to uh be a shortcut as
113:14 to what the market may be doing. It's to
113:16 find the best ideas for you a little bit
113:18 quicker so you don't have to go through
113:20 12,000 stocks in the US markets. Uh so
113:24 people tend to get that a little
113:25 confused. Um the third I would say is
113:29 focus on consistent inputs over a span
113:32 of time for consistent outputs. Don't
113:35 change your inputs every single day or
113:37 every single week. You will you will
113:39 kind of go um in circles trying to find
113:42 out what's working, what isn't working,
113:44 etc. So give yourself some time. This is
113:47 not a thing that you'll figure out in a
113:49 week or a month. it will likely take a
113:51 couple of years and then when you do
113:53 that consistently it becomes second
113:54 nature and your pattern rec recognition
113:56 through your daily routines and your
113:58 weekend routines improves quite a bit.
114:01 So perfect. So with that we'll take a
114:04 few more questions. Again I'll put up
114:06 the link to order the the handbook here.
114:09 Uh if you enjoyed the today's webinar
114:11 and found the concepts helpful you're
114:13 definitely going to enjoy the Traers
114:14 handbook. Again this is coming out um in
114:16 just a few weeks now. you want to order
114:18 yours so you get yours as soon as
114:19 possible and we'll have more information
114:21 about how to unlock the special bonuses
114:24 when you order. Um, and just to, you
114:26 know, I'll probably send that out next
114:27 week actually about how to actually
114:28 unlock that. Uh, so definitely go ahead
114:30 and pre-order it. You can click the link
114:31 if you're watching this live uh right
114:33 there and the link is also in the
114:35 description for anybody watching on
114:37 YouTube. Awesome guys. Well, thank you
114:39 guys for tuning in again, spending some
114:40 of your Saturday with us. Uh, definitely
114:42 appreciate your time. Great question,
114:44 great thoughts as well. Uh, so thank you
114:46 so much. Um, again, uh, if you found
114:48 this webinar helpful, we really believe
114:50 you'll enjoy the Trader Handbook. Um,
114:52 we're really excited to get this
114:53 resource out to you guys. And it's more
114:55 than a book. We're going to be including
114:57 bonuses such as market market cycle
114:58 model book, weekly charts model book,
115:01 sell rules model book. Oh, Ryy's got his
115:03 copy too here. We'll just um, wave it
115:06 around. But yeah, definitely pick it up
115:08 and we'll have more information about
115:09 how to unlock those bonuses later on. Uh
115:12 Ry, do you have a particular chapter
115:13 that uh I think the last one with a
115:16 whole bunch of charts. Uh the book is
115:20 493 pages. So the the last bit of it is
115:24 all charts and examples and how to apply
115:27 it. And I think that's the most amazing
115:29 part of that book because it kind of
115:31 puts everything together. So yeah, I my
115:34 my personal favorite is the post
115:36 analysis chapter because we really walk
115:38 through in depth an example of how to
115:40 analyze a single trade. Uh that's
115:42 chapter 10 and I think that will help a
115:44 lot of people who maybe don't have a
115:46 process set for analyzing and and having
115:48 that feedback loop. So I think that will
115:50 help a lot of people as well. But uh
115:52 thank you guys all. Definitely pick up
115:53 your your copy. The link will be in the
115:55 description as well. Uh but thank you
115:57 guys all for tuning in and we'll see you
115:58 guys in future webinars. Cheers.
116:05 [Music]
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