Secrets to Profitable Trading from Market Legend Stan Weinstein
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- Опубліковано 31 лип 2024
- Access the presentations of all 24 experts from the 2023 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC23
In this in-depth discussion, Stan Weinstein, the Market Wizard that created Stage Analysis, shares his wealth of knowledge on stock market trends and trading strategies. Weinstein places a strong emphasis on the importance of understanding and recognizing market stages in successful investing. He explains the four market stages and their significance in determining whether a stock is a good buy or sell, emphasizing that the stage two uptrend is the ideal time to buy, while stage four downtrend is the best time to sell. Weinstein also discusses various indicators like moving averages and volume patterns to further refine buying or selling decisions, illustrating his points with real chart examples.
Additionally, Weinstein highlights the importance of distinguishing short-term trading from long-term investing. He explains that while a stock might be a good long-term investment, it might not be a good short-term trade due to factors like exhaustion gaps and high volumes. He also offers his insights into current market conditions, suggesting that it is not a bear market but rather a neutral one. Towards the end of the discussion, Weinstein offers advice to aspiring traders, urging them not to strive for perfection, maintain discipline, and trust their instincts and systems. He also announces that anyone who signs up for his course will receive a month's free access to his daily updates and weekly reports. The session concludes with an interactive chart analysis exercise, which he likens to hitting tennis balls, to help viewers improve their chart reading skills.
Timestamps:
00:00 - Intro
00:38 - Current Market Analysis
05:20 - Leading Groups & Themes
08:03 - Stage 2 Breakouts
08:46 - Market Breadth
10:49 - Useful Market Indicators
13:10 - Trading & Blackjack
15:56 - Historical Market Comparisons
18:13 - Chart Breakdowns
20:08 - QQQ Chart Breakdown
22:12 - IWM Chart Breakdown
24:46 - AAPL Chart Breakdown
33:09 - ARLO Chart Breakdown
36:02 - AVGO Chart Breakdown
39:48 - B Chart Breakdown
41:31 - BLDR Chart Breakdown
42:52 - CPRT Chart Breakdown
46:08 - NVDA Chart Breakdown
49:54 - How Stocks Top
56:26 - Stage Analysis Masterclass
Enjoy!
- The TraderLion Team
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Next-Generation Stock Screener:
links.traderlion.com/Deepvue
Learn Directly from Stan in his Masterclass: traderlion.com/stan-weinstein-stage-analysis/
Golden content, Richard!
Yes following these UA-cam
videos can be helpful, but
as Newton once said ‘ If I
have seen further it is by
standing on the shoulders of
giants. Nothing beats
experience coupled with
proper risk management.
Spot on! 💯
What’s your approach man?
What’s working for you.
The technicality of earning
profit isn’t always solved by
following tutorials and strategies.
Indeed! … I am in my 2nd year.
Still inconsistent.
The reality of trading or
investing is much complicated.
What the actual hell is this!
Well, I am still far from becoming
a sophisticated trader but I do
believe the need for pro guidance
as regards lucrative outcomes
cannot be overemphasized.
Over the years, I invest using
pre-planned entry and exit signals
from Kevin S. Mikan; a certified
FINRA expert. His trades are
being reflected on my account
so whenever he makes a trade
I get profits and in return I
send him 20% as commission,
his system has really been
top-notch, invaluable … oh and beneficial!
I was introduced years ago to the head trader for the George Soros family fund. He told me the fund subscribed to Stan's newsletter ( I think it cost $ 50 000k a year back then if I recall correctly). Stan is a legend.
Wow, incredible.
And which year are we taklin about?
Stan is an absolute rockstar. One of the foundational pillars of my stock market investing is based on his Stage formation and 30 week MA indicator. Forever indebted to Stan for writing that excellent book.
Stan is great! We're so happy he agreed to present this year!
Sir, I have been using 30 week Exponential MA, Is that ok?
Why 30 week MA indicator when in this video he is using 50, 150, 200 SMA on the daily chart?
30 week MA and what time frame?
@@believeinyourselfrob4378 Hi! There is not a huge difference in using either of the 2. Key is to be consistent in your application. Don't switch between EMA and SMA every now and then.
@@tradeswithjohnnie 30 WMA is equivalent to 150 DMA. A week has 5 day sessions so multiply 30 with 5 to get 150.
In his book stan has emphasized the use of 30 WMA but here he is indeed tightening up by using 50 DMA.
One common theme amongst the legends that you’ve interviewed is humility. Mark, Stan, and others, they’ve come off very kind and willing to go through their mistakes and hold our hands through charts. Very generous with their time.
This is 🔑
We are standing on the shoulders of giants, gentlemen. Thank you Richard for hosting these legends.
It’s my pleasure!
If you slip, you'll have their balls around your neck.
A few key learings :
1) look at your losing traded also
2) stock pickers market
3) gap exhaustion principles
4) 50 dma is fairly important and crossing it up or down ia serious
5) over thinking.
6) stick to the price
7) gap not filing is a powerful signal
Great notes!
Thank you Stan for being so gracious with your time and knowledge. You can see that he truly wants to teach people to be better traders! 🎉 Great interview Richard 👍👏👏👏.
We're glad you found this useful! Stan is a great teacher.
why have I never heard of this man before?
He made so much sense and made it so easy to understand
thanks for the great interview, gents
Glad you enjoyed it!
Same here, his name is not banded around much among great investors and traders. when I found his book 'Secret for profiting in Bull and Bear markets, I was wowed by how simple his stage analysis principles really opened my eye to the market. Thanks for bringing Stan to us @TraderLion.....
My Sunday began at 5 AM in India watching this video. What a powerful one. Thank you Richard for bringing to us the legend whose book was the first I read and it still continues to guide me in my positional investing journey. Thank you.
Thanks for tuning in!!
Thank you very much. Such a treat to listen to a Master!
Its a treat to interview them as well!
I am a fairly new trader, and I'm starting out trading Forex. I bought William O'Neil's How to make money in Stocks, and Stan's book. I am currently ready Stan's book now. He breaks the fundamentals of trading down so easily. Now all I see now is the stage analysis on any chart no matter what time frame I am looking at. I cant un see it at this point. Stan is the Man! Thank you
Awesome! Thanks for watching
I hope you feature Stan Weinstein more in the future. All great information! Thank you for this content.
We're just happy we got him to present this year! If you want to learn more directly from Stan, we partnered with him last year to create his Stage Analysis Masterclass: traderlion.com/stan-weinstein-stage-analysis/
Fantastic interview! Huge thanks to the TraderLion team. And a massive shoutout and deep respect to Stan, you the legend. 👏
Glad you enjoyed it!
This was a great conversation, i learned something today from Stan, and also thank you Richard for asking the right questions.
Stan was amazing! We're glad you enjoyed it!
What a great video - thank-you so much to Stan for his pearls of wisdom, and to Richard for this interview.
Our pleasure! Stan was incredible.
It's amazing the concepts written 30-40 years ago still work like a charm. Recently finished his book and it's been an absolute game-changer for my trading/investing journey. Thanks for bringing this :)
Thanks for sharing!
Watched Stan Weinstein’s, presentation, outstanding. Thanks to all TL and Richard, great questions as always. 👍
We're glad you enjoyed it!
Thank you Richard for bringing to us the legend, he is number one, his book is amazing, we hope see him every month with some analyse of the markets...
Great thanks
Mamoun ALI
Big Thank you Trader Lion for interviewing Stan🙏
Bringing the best traders/investors to public is one of our missions!
One more video to watch and rewatch everytime. Thanks Richard and The TL team for this outstanding informative video. I'm very grateful.
Our pleasure!
I am hearing Stan sir for the first time but I just fell in love with the energy & enthusiasm of him.. Hope I also manage to have the same+ some of his trading success when I turn his age..😊 That aside..very useful knowledge Stan sir.. Thank you & Richard for the wonderful interview..
Thanks for watching!
Excellent clip Gents!! Thanks very much and greatly appreciate all the wisdom, knowledge, and insight. I have read Stans book a few times now and got even more out od todays' lecture. Great work and thanks again!!
We're glad you enjoyed it! Whenever a legend like Stan speaks it's time to take notes.
@@TraderLion For sure, great insight and pure trading awesomeness. Thanks again for getting the best on your site and real class acts too as they are great people as well....
The best content I ever found, thanks a lot.. Master Stan is an university of trading, a legend aliveIIII
Thank you so much 🙌🏼
Glad you found this as useful as we did!
Thanks Richard for getting Stan on the vlog again ... read his book in the early 90's and I still have it in my bed side table and read it about once a year. I will never forget the lesson of that weekly chart with the 30 week ma ... changed my life !
Very cool!
Could you repeat the lesson. Spe ifics
but I think he's tweaked the method in the book. I think he uses daily 200SMA and 50SMA and uses daily charts more than weekly charts. That book needs a new edition for the 21st century badly
Wow just found this video with a Trading Legend , what a treat . I just finished his book a few weeks back , really awesome book. Thanks for this video lt is great.
Glad you enjoyed it!
Stan is a true legend, his book is one of the best in investment that I've read, simple to understand, and implement.
100%
that’s amazing interview i was about to read his book now will listen to it as well! thank you !! 🔥🔥🔥
Stan's book is a must read for any investor or trader!
This is a great insight from Stan, kudos to TraderLion. Great interview. Thanks for sharing.
Thanks Mario! We're glad you liked it!
Thank you for interviewing this legend!
Of course! We're honored to have been able to partner with Stan for the Stage Analysis Masterclass! traderlion.com/stan-weinstein-stage-analysis/
You are the guru Stan
Thank u Richard and Trader Lion Team!🎉💯👍🇨🇦
Our pleasure!
Stan, thanks for taking time again.
We're so glad Stan agreed to present this year!
wow a breath of fresh air! learned so much
Great!!
Access the presentations of all 24 experts from the 2023 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC23
Value added. Thanks to both of you.
That's the goal! Glad you enjoyed it!
Stanweinsten is a legend, his book is my all time favorite. Thanks a lot Stan for writing book it is very helpful to us.
Love from india.
Glad you enjoyed it!
Very nice stuff. Thank you Stan and Trader Lion Team.
Our pleasure!
Woah best interview ive heard for a long time
Glad you think so!!
Thanks Richard for this amazing video! Learned a lot from it
Glad it was helpful!
What a legend.
One of the best traders and teachers in history.
thank u traderlion for making such great videos
We're glad you like them! Another one out later today!
Incredible analysis thank you! Question on uipath? Is that considered stage 2a breakout or still stage 1 base?
Great stuff, thank you both !
Our pleasure!
Have the opportunity to talk with The GOAT of trading is unbelievable, STan Weinstein. Really appreciated this interviews with Stan, they're awesome. I've read the book twice and I always learn something. Thank you. Regards from Barcelona
Glad you enjoyed it!
Love his book and interviews
We're so glad he presented this year!
Hi Richard! Great Video as always! Would also love to see you chat with the U.S investing champion of 2022!
110% (arithmetically impossible!) great episode and good precise questions. Thanks Richard!
Glad you enjoyed it!
Wow I learned so much. Ty sir.
Stan is a great teacher! We're glad you enjoyed it!
Great learning. Thanks 😊
Glad it was helpful!
wonderful chart learning from the master himself
Glad you think so!
Great and thanks very much for your advices.
Mamoun
Stan the Man!
Very Very Best My favorite Stan Weinstein, glad to see you.
We're so glad he presented this year!
Incredible video
thank you!
One of the best session. Super like.
2 questions:
Does the slope/angle of the 200 SMA matter?
is the 150 SMA not useful for decision making at all?
150 is very useful. It roughly equates to 21 week SMA
Amazing learning sir ❤❤❤
Glad to hear that!
Could someone help me to understand where he bought in aapl 26:00 he said we did a little bit more buying. I'm lost on where he made the first buying and why.
stan is a rockstar! Love from INDIA! ❤
👍
Stans the man!
Wow. Amazing. Thank you!
Glad you liked it!
love Stan. Legend...have his book in hardcover and on audible!
Stans the man! We're so glad he presented this year!
Thank you so much !!! - from south korea ,,, !!!
Our pleasure!
Brilliant
Stan is a true legend.
He's the man
wow the man the myth the legend...this was amazing.
Thanks for watching!
Look sgreat.
I was wondering, what are Stans results on yearly basis percentage wise?
This dude is excellent
100%
This is gold 🔥🔥🔥🔥🔥🔥🔥
We thought so too!
I have only three tools to use ... stan's 30 WMA, to take a call on stage . VCP of Mark and Volume of Trader Lion
Great tools to have!
THANK YOU RICHARD GREAT TRADER
My pleasure!
❤️❤️ Guru of market
One of the greats for sure!
Hey Richard, can you comment on what you mean exactly by finding good groups?
Is the process to use the charts of the overall market 1st (stage 1A to 1B as example), then look at group charts (stage 2A)
Then look at the stock charts within those groups that are showing most potential...
Or
Is there some other process for selecting the best groups? For example: looking at finviz heat map, or weekly strength to see which groups are performing well.
Your insight would be greatly appreciated
Usually, what I do is I look at the charts and try to confirm if it is in stage 2 as per Mark Minervini's trend template. I prefer stocks that don't have an overhead supply for at least 50% above the CMP.
For group strength, you can refer to marketsmith's group ratings. They sort every stock into one of their 197 groups. Prefer stocks that are in top 40 or so groups.
Nice job. Great episode. Could you help me with something? Stan, in his book talks about the 30 day MA, but in this episode he talks abput the 200 day MA, 50 MA, then, which one apply to the strategy on this market? the 200 day MA or the 30 day MA? 🎉🎉🎉🎉
Great question! Stan mentioned during the masterclass that the market acts a bit quicker and volatile recently so he's shifted some of his focus to the longer term daily MA, but he still looks at weekly charts too!
Excellent
Thanks!
I have read his book too many times to mention. He's certainly still passionate about his trading .
Stan hasn't missed a step!
Ótimo vídeo, com pontos importantes. Primeira vez que ouço falar Stan e você Richard. Algumas coisas não entendi mais vou procurar sobre.
Já, quero dizer o que pensam sobre o nova onda do SMC /ict .
Obrigado! Bem-vindo ao canal do TraderLion no UA-cam. Estamos felizes por você ter achado o vídeo valioso. Espero que tenha traduzido bem!
Hello, who run traderlion?? Stan?
Thank u👍
Master of All - keep simple and don’t overthink.
Agreed. There's plenty of ways to make money in the market. You have to find the system that works with your personality and risk tolerance to personally succeed!
Can this strategy be applied for forex? I read that its hard to detect volume on currency pairs?
I observed that only daily charts were used. Was there any need to go to shorter time frames i.e. 5 min and the 1 min chart? Stan's book was the bible I kept on my desk from day one
Like Stan covered in the video, he believes with more trading automation and the drop in commissions volatility has increased. While he still focuses on weekly charts for the longer term trends he's been more using daily charts to defend his positions sooner than he would have historically.
the OG
does the master class come with material to keep and refer back to after the class? and how long is the one month access going to be available, as long as the master class is going on? I am reading Stan's book now and would like to take the class after i've gotten through it. Seems to be the most logical thing to do to get more out of the master class. Thanks!
Great questions! The live course finished last year, but all of the course material and webinars are saved so traders can review the content as often as they'd like! Unfortunately the month long access was only after the conference. But on the bright side, we are running a summer sale 65% Stan's course: traderlion.com/stan-weinstein-stage-analysis/
I come from the future. Exactly Like Stan said on AVGO (37:00), that gap never got covered and just went up.
Awesome
One genius idea that I picked from Stan's book is this : For two equally good looking charts, pick one with higher relative strength.
100% and in the better group
Exactly right. Everyone over thinks this stuff. If you over think this stuff you talk yourself into seeing something that isn't there. All of these negative fundamentals don't show up in the charts or the stock market. This is a market of institutions and liquidity not fundamentals.
Fundamentals eventually matter, but risk management ALWAYS matters.
@@TraderLion They haven't mattered for 15 years. This is a liquidity driven market and has been since 2009. Anytime the market has started to rely on anything fundamentally depressing they kick the can down the road and print up a bunch of liquidity to keep bond yields low or interest rates. This is why the only thing that will cause this market to crash is a credit freeze. When the liquidity is no longer available, but even when it starts to freeze all they do is print more money to unthaw it. Not much risk if big brother is always bailing you out. And those who try to fight the fed always lose. "oh they can't do this or that forever, they aren't bigger than than the market" These are the ones wondering how the hell we having this 20-30% rally since October. I don't know look at the liquidity production through the DXY, 10 year bond yield and HYG since then. Then you understand how.
@@TraderLion Fundamentals never matter only thing that matters is are the institutions buying or selling.
I think we need to be careful not to think in terms of absolutes - always, everyone, all, etc. etc. Stan has mentioned many times - it's a probability game. There are plenty of examples where the tape and fundamentals were in-sync - look at 'BOOM' in 2009 or so. If you want to shift the probability in your favor, your best chance is by focusing on technicals.
@@keykoolcat The technicals are the footprints of the institutions. Institutions make stocks go up or down. Look how long the fundamentals have been wrong so far. You proved my point. In my original message I said the fundamentals haven't mattered since the 2008 crash. Since the introduction of QE only the technicals have mattered because you got to follow the money flow. There are a ton of stocks out there that have great fundamentals that are at their lows. So hows the fundamentals good? Technicals are always good because you use them to follow money flow of the institutions. If the institutions aren't buying the stock even with good fundamentals then why would you want to buy them? I want to know when to buy (technicals) not why (fundamentals)
Awesome stuff! Looking to join the course as well. Richard, do u have a link to Stan's Global Trend Alert service? thanks :)
Global Trend Alert is Stans service to institutional investors only. People who sign up for his Stage Analysis Masterclass do get 1 month access, but not direct communication with Stan like the institutional investors.
@@TraderLion but i heard that he allows a read-only access for non-institutional investors. Can you provide a link to the website of that service?
Stan why havent you updated the text. Such a masterpiece. Perhaps an online updated version we could purchase . Its my go to bible on trading
Hi he updated many concepts in the Masterclass he created last year:
traderlion.com/stan-weinstein-stage-analysis/
In his book Stan was all about weekly charts, in here you use daily. I know that trading systems have to evolve through times, but has Stan changed his views about time frames?
Stan still uses weekly charts to define trends but specifically splits managing positions for traders and investors. He mentioned in this interview that with the declining commissions and increase in robotic trading that volatility has increased and requires traders to manage positions differently.
@@TraderLion I have a few clarifying questions. First, thank you for the interview. Do you mean that traders AND investors need to manage their positions differently? I heard him say that he advises even the longer-term client (are these investors - would be nice to have consistent terminology) to take some off the table after a 50dMA break. So, my primary question is this - what about trailing stops? Stan goes into this topic at length in his book. He rationalizes (wisely) their use because of volatility - 'give a stock some room for zigging and zagging.' I would think that the volatility of today would require a disciplined use of trailing stops even more. I don't want to misinterpret Stan's personal approach as substituting trailing stops (which affords a certain 'hands-off' lifestyle) with more babysitting so you can catch the 50dMA break. However, at the same time, I recognize the opportunity cost of waiting for the recovery in the hospital, but Stan doesn't mention the conditions of when an INVESTOR would want to side-step the repair work and just move on to the next Taxi. Thanks for your time!
I'd also like to know the psychological and technical reasons for going with the 40WMA (200dMA) versus the 30WMA which is an anchor throughout his book. Thank you!
Feedback - when reviewing the charts, it would have been good to hear the Stage Analysis (with annotations).
I've read the old book by Stan and he only used weekly charts and 30 SMA. Has he changed strategy and only use daily charts now a days?
He uses both
Great video. Is the course still available?
Yep! All the webinars are saved so traders can review the content as often as needed. The 65% off summer sale is still available too! traderlion.com/stan-weinstein-stage-analysis/
I love Stan Weinstein, and his book helped make sense of the stock market at a time when I really had no idea what I was doing. However when he repeatedly talks about being on the right side of the market 8 out of 10 times, it makes me wonder if he's being overly optimistic or he's intentionally overselling himself?
I ask because he mentioned it in his book as well and I initially went into breakout trading with some unrealistic expectations in terms of batting average. Nowadays I'd kill for a 50% batting average lol
He has said that with technology improvements, timeframes have shrunk for his trading and he's experienced more breakout failures.
Are the masterclass videos with Eng subtitle?
Stan's Stage Analysis Masterclass is! But unfortunately the others are not.
What is this "Global Trend Alert" that keeps getting mentioned? I googled it and nothing came up? Is this a service Stan sells? Any links to this?
Global Trend Alert is Stans service to institutional investors only. People who sign up for his Stage Analysis Masterclass do get 1 month access, but not direct communication with Stan like the institutional investors.
no mention of stop placement and management?
That wasn't the focus of this interview, but he covers those topics in his book and his Stage Analysis Masterclass.
Stan is the true legend like Jim Dines. The comment on gold equities will be better
We're so glad Stan agreed to present this year!
My mentor even though he doesn't know
Is there any way to get ahold of Stan? Seems he’s made himself unavailable to the masses (understandable) but it’d be sweet if you could try and persuade him to work on a follow up book or how his method has changed since he wrote it. Thx.
No word on a new book, but last year he partnered with us on a full Stage Analysis Masterclass you can find here: traderlion.com/stan-weinstein-stage-analysis/
Has Stan switched to using daily charts? In his book, he preferred the weekly charts.
He uses both weekly and daily charts
How can I start using DeepVue charting...? I went to the website, and it didn't seem like I could start an account...
Hi Christoph, please send an email to hello@deepvue.com
Read his book a few years ago. It was recommended to me by Shaun Attwood who made millions in his twenties. Haven't traded much, I'm investing long in emerging markets for the time being. But what a guy.
Stan's the man!