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
🕰 Timestamps 🕰 00:00 - In this Episode... 00:40 - Introducing Lance Breitstein 07:02 - The Trend is your Friend 09:44 - Defining a Trend 18:58 - Creating Trading Rules Based on Trends 24:17 - How Trends Start & End 28:28 - Dissecting Large Losses 31:35 - 7 Figure Day (WKHS, SI, TSLA) 38:49 - Preparing for Important Days 41:45 - Risk Management Techniques 45:10 - How Countertrend Moves Start 50:01 - When to Size Up 53:40 - Knowing Your Timeframes 56:40 - Selling Rules for Winners 58:40 - Using Public Sentiment in Trading 1:01:41 - Mentally Preparing for the Trade 1:08:25 - Patience for Proper Setups 1:11:50 - Creating a Daily Report Card 1:14:29 - Post Trade Analysis 1:16:36 - Best Time of Day to Trade 1:18:40 - Trading Around Breaking News 1:21:00 - Lance's Favorite Setups 1:24:32 - Identifying Emerging Themes 1:25:50 - Handling Halts 1:28:08 - Closing Thoughts from Lance
I can’t believe this video is free. Unreal information that took him slot of time and experience. Good for him. He must have just made and can make so much money he passes it on for free. What a great guy and guy video. Download this and review it over and over and over. Hope you all keep a ton and your dreams come true! 🎉
@@ribeye1062 exactly lmao. I knew when I saw the "trend is your friend" crap. I went to a chart (NVDA) put it on 1h and went back several months. I started drawing trendlines, putting the future part off the screen so I could pretend I was trading back then. Every time a trend formed, and I was like "hey this is a good buy in" BAM it shoots in the opposite direction lmao. Even the shorts wouldn't have worked. They have so many algo's and quants and whales in this stuff. You can't just do any sort of common trading, that sht is all programmed to annihilate people who use basic TA. You have to come up with something really brilliant, tell no one, and trade without too much money, depending on the market cap of the stock of course. Most of them us little guys can't put a dent in, but if you go out there and start dropping big money on penny stocks (for example) it'll screw with the ecosystem. I got something that's making money right now, only been at it about a week though, and it involves several CUSTOM strategies (not crap people hand out on youtube), getting in for usually a few days because if I try to trade fast the bots destroy me, and it doesn't always work of course, but it is working most of the time. Probably like the guy in this video, I know better than to share it ANYWHERE. The second you tell 1 other trader or share it online, if it works, soon it won't. I doubt anyone will read this far, but here's how this REALLY works, not sure if these "gurus" know this and hide it or just don't know, but when you PULL MONEY from the market, you're taking it from someone else. So some quant out there running a bot, or some whale or ceo or politician, whoever is buying in around there, someone just made less than expected. I heard this guy, the exact guy in this video (but in a different video) spewing that nonsense that "there are free money trades that we all can do to just make free money". That's a load of crap. The market does NOT work that way. If everyone could just do a "free money trade" then hey lets just all quit our jobs and the whole country can just survive on free money trade! No more work for anyone! Infinite money for all!. BULLSHT. If such a thing did exist, someone starts losing money. How do they react? THEY CHANGE THEIR STRAT AND FREE MONEY TRADE NO LONGER WORKS LOL. That's the reality of the market. We are all legal thieves stealing from each other. Smartest people are the best thieves. Dumbest people get fking robbed, then go on youtube and try to sell a course LOL
Probably one of the best videos ever by TraderLion. I think Lance has so much expertise that he shares openly. Even if you don't trade the lower timeframes the way he does, time is fractal. These lessons persist across all timeframes. Great job Richard, TraderLion and definitely Lance! This is like getting basketball lessons from LeBron. You listen and take notes!
Hands down one of THE best interviews!! Massively value packed, detailed information & succinct ,from a true expert. Thx. I’ll listen to this many times. ❤
One of the best and beginner friendly videos on trading. Everybody can tell that the lecturer has extensive experience in trading. I learnt a lot from this video and I will apply them in my day trading trades.
Watched every single video on your channel. This one is probably my favorite. I've watched it several times and it makes me think about new stuff every time. Let's make a part 2 with Lance happen!!!
This is probably one of the best interviews of a trader i've listened on youtube, thank you Richard for bringing Lance on the podcast so he can share some of he's valuable insights on the market!
Thanks Lance and Richard. Lance, you really are giving back so much to the community. So much trading wisdom. People: listen, take notes, do the required word, and replay and replay what Lance is saying.
Does anyone have a good screener for finding these V trades? Can watch a bunch of stocks but I'm trying to find technology to help me identify potential ones more often and faster.
I'm confused, at about 22:12 Lance says he would consider shorting AVGO if it capitulated. However, earlier one of his three rules was to never take a trade on a ticker that is holding under VWAP. Obviously, AVGO was above VWAP on that chart. What am I missing??
In stocks and finance Capitulation is basically another word for panic selling. So he’s saying that he wouldn’t short a stock above VWAP unless he sees signs of big sells and red candles. Which makes sense. 😉
Awesome content! I love watching the SMB videos and especially Lance explaining how to incorporate the methods that they use in so many ways, and very inspiring and informative. Looking forward to your next interview with Lance and other experts. Thank you Richard
This was a wonderful interview. Intersects beautifully with Brian Shannon's teachings which I follow closely. Helps me know I'm on the right track. Thank you TraderLion and Lance!
I've always had trouble with V bottoms and this video gave me some direction to help me. Thanks for the interview with Lance. It's the second I've seen with him recently and I feel like I get something out of what he has to say.
Do you put a limit order above that previous bar high or do you wait for it to break and then put in your order or do you wait for the bar to close? Thanks
It was a great a video, thank you! Today I had a chance to short to the lowest thanks to this video and I tried to catch the upside and that's when I got from 100% profit to 65% profit. There was a question about that later in the video but there isn't enough explanation. I was wondering what makes you think that stock is going to V? I was supposed to sell it but in the middle good news came but I think it was already too late for ASML releasing the wrong results. I would really appreciate the answer
Mostly when I enter a buy trade... I feel if I keep a small stop loss, it will be hit in volatility (I am talking abt index), so I kind of loose confidence and hence take small but give large, since by the time I realise I am wrong it is too late. Any solution for it ? (Apart from entering in the form of spreads)
Basically a sharp move at the end of a trend where emotions overcome the rest market to either sell a loser or buy into a winner. Usually marked by incredibly high volume and a quick reversal.
Pure gold. Appreciate this stellar presentation.. 18:00 I'm largely s mean reversion trader my biggest losses have happened when I fight the trends and force trades that I call my "Mirage Trades". I also have focused morr on my setups and doing post game analysis and building playouts so trading happens on 2nd nature. Like my old days of football n basketball. Practiced drills and running plays 10x more than time in game so at game time it becomes 2nd nature. Just today watching my prequals line up for a particular options setup, beautiful entry made than deviated from trade plan and cut off my trade plan max profits (my own exit triggers were not met) on the move. I do play both sides of big moves now and find more success. I make the $$$ on the drop and the reversal 🌟💸
Wow just happened on this video one of the best I have seen from Lance on his style. I have been leaning toward this style myself. I see so many traders buying toppy stocks. When you think about it his style is actually more conservative as long as you wait for confirmation.
The trend is the friend sure no big news here, but some big problems prevent traders from winning. 1) it's easy to spot trends backward, but you never know if the new move will become a new trend or if is it the start of the reversal. 2) Forex markets are so choppy and trend-less nowadays that having a good trend is so rare. Even though stock trends are rare, especially clear stock trends like AVGO and nVidia are very rare (less than 1%), all talk about trends as lifesavers. Life is not that easy. Btw this fine gentleman said don't go against the trend, and that's exactly what he did with SOS at 34:15 and especially SI at 35:08, this was very risky, almost like catching a falling knife. Because strong downward momentum was present and probability was on the downside, no chance to tell whether would be the reversal or the false upwards breakout
Given reduced inflation signals and as the Federal Reserve has halted rate hikes, what are the best additions for a $500K portfolio to enhance the overall performance of my portfolio next year
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
For example say a leg on the 5 min chart is making higher highs and higher lows which is a uptrend. The only way they 5 min uptrend leg is done is when it begins to make lower lows and lower highs. Watch al brooks or Thomas wade for more of a in depth explanation.
I first listened to Lance the other day on The Humbled Trader podcast and found his insight very beneficial. This was a great video for all traders with a decent grasp of the market
@@TraderLion Absolutely, I am always seeking insight and ideas from great traders. I’ve been in this business since 1997 as a teenager, working in the Lean Hog & Pork Belly pit at the CME and switching from commodities to stocks, trading on my own, full time since 2018 & will always try to sharpen my skills. Thanks again, Love the channel
So refreshing to see a successful trader also highlight losses because as he said no one is perfect and everyone can always improve. Awesome mindset and video. Thanks so much 🙏
Amazing content ! Loved the advanced trader idea of predicitibility in capitulation price action : if a stock has demonstrated a smooth uptrend, then when the trend reverses, the initial phases of the downtrend most likely to be smooth and orderly.
your mean revision trades are very similar to ADH's style trading and entry system, and the whole V pattern trading, did you get some inspiration from him or any of his students?
I think he was clear with an interesting perspective. Anyone who doesn't get it may want to listen to this a few times Your mind will work it out. I enjoyed this interview.
Glad you found it helpful! Lance's style is a bit different than the majority of guests we have on, which makes it uniquely helpful in closing some knowledge gaps.
I believe capitulation at least for me is when Daily makes a break out from consolidation and a new trend is starting.. then on 1H chart check slope of 20 ma.. calm and steady pace with the trend
I have a problem looking at a stock and seeing oh it’s up 15% this month, no way it goes up even more and then it does. So what’s the best way to approach this?
For any doubters of Lance all I can say is that there are no wanna-be guru's that go into that depth of analysis on their trades and setups and systems. He clearly knows what he's doing. I actually took a course from SMB several years ago. They are a legit prop firm. It helped me big time. That tsla countertrend trade at 46:29. 1)There was a huge gap to fill and realistically if it even just did a 25% fill. 2)Yeah the trend could have kept going down for tsla but the overall market sentiment at that time was still mostly bullish 3)when you get a stock of tsla's visibility and fan-boy status your far more likely to see dip buyers. 4)Also hitting a previous support zone. It isn't just one of those but the confluence of all those things together makes a better case.
Question if anyone can help, I am kind of new to this but, what does it mean when there is stock going on a slow bleed for over a year that lost like 75% in price but suddenly there's massive volume coming in but very little price action?
You got it! The heavy volume churning without price change means the last group of holders are finally buckling to their fear and selling to a strong group of new buyers.
Thanks Richard and Lance. As always, great content and discussion Richard. Great work too Lance. I havent watched your clips lately but always enjoy them. Great attitude and good content always. Thanks gents and have a nice weekend.
As an active trader, it's worth pointing out that knowing the trend and knowing the timeframe of the trend are equally important. You can be trading on shorter timeframes 'counter-trend' to the primary trend on a larger timeframe, because the shorter term trend is different across the timeframes; As Lance mentioned, the trend can be strengthened by seeking confluences of matching trends on different timeframes where they are all in the same direction and this is not to be underestimated. I'm pointing this out because it's easy to start trading counter-trend on a shorter timeframe, then attempting to let the loss run to come good (negative cognitive bias) when in fact, you are now following the longer term trend which was never in your favour. Making these decisions on the fly without some kind of system or automation for each aspect of the trade makes things very complicated and prone to failure.
Lance is incredible!! I have learned so much thanks to him!! Thank you for bringing him. I am truly amazed by the trade on WKHS, and I would like to ask him about the process of trading this breaking news. It seems like he takes the trade right from the beginning, in the first or second candle. How does he filter through so many news that come in for all the stocks in the market at every moment, read and interpret how bad it could be, and make the decision to take the trade so quickly? Were you already monitoring this stock for some reason (perhaps the significant drop it had that morning), and were you only paying attention to the news about this particular stock? Do you use any type of software that filters and classifies the type of news you want to find? Or is it purely a skill developed over time? Thank you again, Richard, for bringing Lance to this incredible interview!
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
🎉 0:40 0:40
🕰 Timestamps 🕰
00:00 - In this Episode...
00:40 - Introducing Lance Breitstein
07:02 - The Trend is your Friend
09:44 - Defining a Trend
18:58 - Creating Trading Rules Based on Trends
24:17 - How Trends Start & End
28:28 - Dissecting Large Losses
31:35 - 7 Figure Day (WKHS, SI, TSLA)
38:49 - Preparing for Important Days
41:45 - Risk Management Techniques
45:10 - How Countertrend Moves Start
50:01 - When to Size Up
53:40 - Knowing Your Timeframes
56:40 - Selling Rules for Winners
58:40 - Using Public Sentiment in Trading
1:01:41 - Mentally Preparing for the Trade
1:08:25 - Patience for Proper Setups
1:11:50 - Creating a Daily Report Card
1:14:29 - Post Trade Analysis
1:16:36 - Best Time of Day to Trade
1:18:40 - Trading Around Breaking News
1:21:00 - Lance's Favorite Setups
1:24:32 - Identifying Emerging Themes
1:25:50 - Handling Halts
1:28:08 - Closing Thoughts from Lance
I can’t believe this video is free. Unreal information that took him slot of time and experience. Good for him. He must have just made and can make so much money he passes it on for free. What a great guy and guy video. Download this and review it over and over and over. Hope you all keep a ton and your dreams come true! 🎉
The more you give (and freely), the more Life gives you in return. This gentleman understands this Principle or Law of Life very well. Amen.
@masterthedream9580hey lapdog. Newest trend on YT is to claim you made 9 figures and now you’re selling course.
Lapdog. New trend on YT. Claim to make 9 figures then sell courses.
@masterthedream9580 hahahahahahah
@@ribeye1062 exactly lmao. I knew when I saw the "trend is your friend" crap. I went to a chart (NVDA) put it on 1h and went back several months. I started drawing trendlines, putting the future part off the screen so I could pretend I was trading back then. Every time a trend formed, and I was like "hey this is a good buy in" BAM it shoots in the opposite direction lmao. Even the shorts wouldn't have worked. They have so many algo's and quants and whales in this stuff. You can't just do any sort of common trading, that sht is all programmed to annihilate people who use basic TA. You have to come up with something really brilliant, tell no one, and trade without too much money, depending on the market cap of the stock of course. Most of them us little guys can't put a dent in, but if you go out there and start dropping big money on penny stocks (for example) it'll screw with the ecosystem. I got something that's making money right now, only been at it about a week though, and it involves several CUSTOM strategies (not crap people hand out on youtube), getting in for usually a few days because if I try to trade fast the bots destroy me, and it doesn't always work of course, but it is working most of the time. Probably like the guy in this video, I know better than to share it ANYWHERE. The second you tell 1 other trader or share it online, if it works, soon it won't. I doubt anyone will read this far, but here's how this REALLY works, not sure if these "gurus" know this and hide it or just don't know, but when you PULL MONEY from the market, you're taking it from someone else. So some quant out there running a bot, or some whale or ceo or politician, whoever is buying in around there, someone just made less than expected. I heard this guy, the exact guy in this video (but in a different video) spewing that nonsense that "there are free money trades that we all can do to just make free money". That's a load of crap. The market does NOT work that way. If everyone could just do a "free money trade" then hey lets just all quit our jobs and the whole country can just survive on free money trade! No more work for anyone! Infinite money for all!. BULLSHT. If such a thing did exist, someone starts losing money. How do they react? THEY CHANGE THEIR STRAT AND FREE MONEY TRADE NO LONGER WORKS LOL. That's the reality of the market. We are all legal thieves stealing from each other. Smartest people are the best thieves. Dumbest people get fking robbed, then go on youtube and try to sell a course LOL
Probably one of the best videos ever by TraderLion. I think Lance has so much expertise that he shares openly. Even if you don't trade the lower timeframes the way he does, time is fractal. These lessons persist across all timeframes. Great job Richard, TraderLion and definitely Lance! This is like getting basketball lessons from LeBron. You listen and take notes!
Glad you enjoyed it!
Thank you for the kind words 🙏
@@TraderLionhow do I get in touch with you?
ALUSME!!!
Does he use leverage? If so, how much and how does he operate with that?
This is Gold, Thankyou Richard for interviewing Lance and Thankyou Lance for the golden nuggets.
Thanks Brent!
Lance Breitstein, one of the greatest traders, teachers and all round gentlemen of our current era. Thank you for what you do Lance.
thanks for watching
Thank you for listening and the kind words mean a lot to me 🙏
@@TheOneLanceBThat prediction on AI, you are a G. I love your videos, thanks for all of your contributions to the community.
Does he just trade regular stocks or is he doing something like leveraged futures for example?
Hands down one of THE best interviews!! Massively value packed, detailed information & succinct ,from a true expert. Thx. I’ll listen to this many times. ❤
Lapdog
Love Lance, such a bright personality, extremely patient. He's a gem to the trading community
Yes!!
🙏
Best teaching video I seen in the longest in UA-cam.
Thanks to you both..
One of the best and beginner friendly videos on trading. Everybody can tell that the lecturer has extensive experience in trading. I learnt a lot from this video and I will apply them in my day trading trades.
Wow, thanks
Watched every single video on your channel. This one is probably my favorite. I've watched it several times and it makes me think about new stuff every time.
Let's make a part 2 with Lance happen!!!
Glad to hear it!
this is the most useful technical guide video I have seen from Lance so far!
thank you!
Glad you enjoyed it!
I wish I could personally sit with Lance for 15 minutes, his videos are so empowering
we will have him on again soon
Come join us next year at Traders4aCause in Vegas! Was here all weekend presenting :)
This is probably one of the best interviews of a trader i've listened on youtube, thank you Richard for bringing Lance on the podcast so he can share some of he's valuable insights on the market!
Glad you enjoyed it!
Thanks Lance and Richard. Lance, you really are giving back so much to the community. So much trading wisdom. People: listen, take notes, do the required word, and replay and replay what Lance is saying.
💯!!
Does anyone have a good screener for finding these V trades? Can watch a bunch of stocks but I'm trying to find technology to help me identify potential ones more often and faster.
I'm confused, at about 22:12 Lance says he would consider shorting AVGO if it capitulated. However, earlier one of his three rules was to never take a trade on a ticker that is holding under VWAP. Obviously, AVGO was above VWAP on that chart. What am I missing??
He said unless it was capitulating.
@@Fortunefellas I don't understand the exact context and details of what he means by "capitulating".
In stocks and finance Capitulation is basically another word for panic selling. So he’s saying that he wouldn’t short a stock above VWAP unless he sees signs of big sells and red candles. Which makes sense. 😉
Makes perfect sense, thanks so much.
@@Fortunefellas
@@jrenoe1😉
Awesome content! I love watching the SMB videos and especially Lance explaining how to incorporate the methods that they use in so many ways, and very inspiring and informative. Looking forward to your next interview with Lance and other experts. Thank you Richard
Awesome, thank you!
❤
Does he use Stocks or Options? And what kind of position size is he using to get 6-7 figure days?
One of your best videos. Clearly Lance is a pro. Such a wealth of knowledge, and so happy to share it.
Glad you enjoyed it!
This was a wonderful interview. Intersects beautifully with Brian Shannon's teachings which I follow closely. Helps me know I'm on the right track. Thank you TraderLion and Lance!
Our pleasure!
I've always had trouble with V bottoms and this video gave me some direction to help me. Thanks for the interview with Lance. It's the second I've seen with him recently and I feel like I get something out of what he has to say.
Thanks!
This is an awesome presentation guys, thanks for sharing, it's pure gold, Blessings to Richard and Lance, true Legend!
Thanks for watching! 🥂
13:56 time is def. fractal on charts. 1:01:18 true for internal dialogue & its based on sentiment
Great presentation! Where can I find the interview with Chris he was referring to?
My biggest problem is timeframe. I can't stick to one timeframe. Any suggestions?
Start with daily
@@TraderLion thank you boss. Your channel help me all to fix my mind to achieve high returns.
Do you put a limit order above that previous bar high or do you wait for it to break and then put in your order or do you wait for the bar to close? Thanks
It was a great a video, thank you! Today I had a chance to short to the lowest thanks to this video and I tried to catch the upside and that's when I got from 100% profit to 65% profit. There was a question about that later in the video but there isn't enough explanation. I was wondering what makes you think that stock is going to V? I was supposed to sell it but in the middle good news came but I think it was already too late for ASML releasing the wrong results. I would really appreciate the answer
Mostly when I enter a buy trade... I feel if I keep a small stop loss, it will be hit in volatility (I am talking abt index), so I kind of loose confidence and hence take small but give large, since by the time I realise I am wrong it is too late.
Any solution for it ? (Apart from entering in the form of spreads)
Really awesome interview! Richard thanks a lot man, your channel and videos are simply outstanding work.
Thank you kindly Mike! Cheers
this guys advice makes the markets appear so much clearer
Glad to hear it!
Lance gave references of Chris video. I really appreciate if anyone provide me with the link of Chris's video?
Hi it was this one: ua-cam.com/video/Vesst0Top3M/v-deo.html
What does the word capitulate means in trading, as Lance uses it?
Basically a sharp move at the end of a trend where emotions overcome the rest market to either sell a loser or buy into a winner. Usually marked by incredibly high volume and a quick reversal.
@@TraderLion Thanks for the explanation 👍 😀 🙏
Lance is a monster trader. Thanks for the video as always, Richard
Hey, great presentation! Thank, Lance! Thanks, Trader Lion!
Thank YOU for watching!
Great video. But I have one question; which no one seems to ask. What is he actually trading? Just Stocks or options?
I loved this Interview. Great job Richard and Lance!!!
thanks!
Pure gold. Appreciate this stellar presentation.. 18:00 I'm largely s mean reversion trader my biggest losses have happened when I fight the trends and force trades that I call my "Mirage Trades". I also have focused morr on my setups and doing post game analysis and building playouts so trading happens on 2nd nature. Like my old days of football n basketball. Practiced drills and running plays 10x more than time in game so at game time it becomes 2nd nature. Just today watching my prequals line up for a particular options setup, beautiful entry made than deviated from trade plan and cut off my trade plan max profits (my own exit triggers were not met) on the move. I do play both sides of big moves now and find more success. I make the $$$ on the drop and the reversal 🌟💸
Great! Glad you liked it! Good notes here
This is absolute GOLD!!! Thank you so mush Lance for the price-less advice and thanks you so much Richard/Trader Lion for the wonderful video.
Our pleasure!
Super presentation Lance - outstanding video - great content - clear explanations. Thanks to both of you.
Glad you enjoyed it!
How is countertrend trading still trading with the trend? I don't understand
Good question!
Wow just happened on this video one of the best I have seen from Lance on his style. I have been leaning toward this style myself. I see so many traders buying toppy stocks. When you think about it his style is actually more conservative as long as you wait for confirmation.
Awesome! Thank you!
The trend is the friend sure no big news here, but some big problems prevent traders from winning. 1) it's easy to spot trends backward, but you never know if the new move will become a new trend or if is it the start of the reversal. 2) Forex markets are so choppy and trend-less nowadays that having a good trend is so rare. Even though stock trends are rare, especially clear stock trends like AVGO and nVidia are very rare (less than 1%), all talk about trends as lifesavers. Life is not that easy. Btw this fine gentleman said don't go against the trend, and that's exactly what he did with SOS at 34:15 and especially SI at 35:08, this was very risky, almost like catching a falling knife. Because strong downward momentum was present and probability was on the downside, no chance to tell whether would be the reversal or the false upwards breakout
47:25 agree about that you need to be on good symbol what will move right now
Totally
Given reduced inflation signals and as the Federal Reserve has halted rate hikes, what are the best additions for a $500K portfolio to enhance the overall performance of my portfolio next year
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.
Please how do I find and contact this financial counselor ?
I get guidance from Nicole Desiree Simon. Most likely, the internet should have her basic info..>
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
26:37 what does he means by legs? Can anyone elaborate?
For example say a leg on the 5 min chart is making higher highs and higher lows which is a uptrend. The only way they 5 min uptrend leg is done is when it begins to make lower lows and lower highs. Watch al brooks or Thomas wade for more of a in depth explanation.
@laneyljk with a great explanation!
does this work with low float stocks?
Very different trading style but a lot to learn here
Thanks for watching
Lance 1st came on to my radar from this interview. Loved it!
Lance is Awesome, I could listen to his training all day long
There's a repeat button on UA-cam ;)
Was kidding with that last comment. Thank you Lance and Richard. A+ content. Will help me level up. Will watch several times.
cheers, thanks for watchiing
I first listened to Lance the other day on The Humbled Trader podcast and found his insight very beneficial. This was a great video for all traders with a decent grasp of the market
Glad it was helpful!
@@TraderLion Absolutely, I am always seeking insight and ideas from great traders. I’ve been in this business since 1997 as a teenager, working in the Lean Hog & Pork Belly pit at the CME and switching from commodities to stocks, trading on my own, full time since 2018 & will always try to sharpen my skills. Thanks again, Love the channel
Does anyone think about wash sales and try to avoid them?
So refreshing to see a successful trader also highlight losses because as he said no one is perfect and everyone can always improve. Awesome mindset and video. Thanks so much 🙏
Well said!
can those concepts apply to swing trading too?
Sure can! Just have to size lower if you're moving to a higher timeframe with wider stops.
@@TraderLion thank you!
Amazing content ! Loved the advanced trader idea of predicitibility in capitulation price action : if a stock has demonstrated a smooth uptrend, then when the trend reverses, the initial phases of the downtrend most likely to be smooth and orderly.
Glad you liked it!
lol classix new guy thinking everything is like that
Wow
Wonderful information. Thank you!
Glad it was helpful!
I've been following smb for a while now. Market move so fast in recent years. Very informative. Ima archive this video.
Awesome!
Can someone explain what he means by a Ticker Write Up in the challenge section?
Writing ✍️ up your trade on a ticker
Thank you much@@TraderLion
Thanks for taking the time guys
Our pleasure!
Hi Lance. about your MU analysis you said it’s making lower high. I think you meant to say higher lows.
So he uses ‘break of prior bar high’ as entry or counter trend signal ?
Yep! On the two minute chart.
Watched twice and took notes! This was great!
Awesome
your mean revision trades are very similar to ADH's style trading and entry system, and the whole V pattern trading, did you get some inspiration from him or any of his students?
does anybody have that Ultimate Trading Guide? the link his inactive
Here it is: traderlion.com/YT-UTG
I think he was clear with an interesting perspective. Anyone who doesn't get it may want to listen to this a few times
Your mind will work it out. I enjoyed this interview.
Glad you found it helpful! Lance's style is a bit different than the majority of guests we have on, which makes it uniquely helpful in closing some knowledge gaps.
Hi crew. What is capitulation? And what is mean reversion? ty 4 vid
I believe capitulation at least for me is when Daily makes a break out from consolidation and a new trend is starting.. then on 1H chart check slope of 20 ma.. calm and steady pace with the trend
@@oridod Thanks for reply Ori. go well.
I have a problem looking at a stock and seeing oh it’s up 15% this month, no way it goes up even more and then it does. So what’s the best way to approach this?
Is it possible to update Trading Guide link ?
Here is the link:traderlion.com/YT-UTG
Do you trade options using this strategy or just trade shares?
16:37 but of course not everyone will be on your side because if everyone buys then who will sell? and if everyone sells, who will buy?
Of course!
Not in line with my trading style but took some good points from this interview !
most definitely
For any doubters of Lance all I can say is that there are no wanna-be guru's that go into that depth of analysis on their trades and setups and systems. He clearly knows what he's doing. I actually took a course from SMB several years ago. They are a legit prop firm. It helped me big time. That tsla countertrend trade at 46:29.
1)There was a huge gap to fill and realistically if it even just did a 25% fill.
2)Yeah the trend could have kept going down for tsla but the overall market sentiment at that time was still mostly bullish
3)when you get a stock of tsla's visibility and fan-boy status your far more likely to see dip buyers.
4)Also hitting a previous support zone.
It isn't just one of those but the confluence of all those things together makes a better case.
all about timeframe on charts...what do you trade?
I have no words for this Master piece.
Same!
This is GOLD :-) Thank you 😍
Thanks for watching!
Question if anyone can help, I am kind of new to this but, what does it mean when there is stock going on a slow bleed for over a year that lost like 75% in price but suddenly there's massive volume coming in but very little price action?
You got it! The heavy volume churning without price change means the last group of holders are finally buckling to their fear and selling to a strong group of new buyers.
awesome presentation
Glad you enjoyed!
Thanks Richard and Lance. As always, great content and discussion Richard. Great work too Lance. I havent watched your clips lately but always enjoy them. Great attitude and good content always. Thanks gents and have a nice weekend.
Our pleasure!
As an active trader, it's worth pointing out that knowing the trend and knowing the timeframe of the trend are equally important. You can be trading on shorter timeframes 'counter-trend' to the primary trend on a larger timeframe, because the shorter term trend is different across the timeframes; As Lance mentioned, the trend can be strengthened by seeking confluences of matching trends on different timeframes where they are all in the same direction and this is not to be underestimated. I'm pointing this out because it's easy to start trading counter-trend on a shorter timeframe, then attempting to let the loss run to come good (negative cognitive bias) when in fact, you are now following the longer term trend which was never in your favour. Making these decisions on the fly without some kind of system or automation for each aspect of the trade makes things very complicated and prone to failure.
chart at 22:55 show perfect example of Wyckoff method
Nice eye!
Is this applicable with Option traders? This was a Master Class.
It’s applicable to price action as a whole
Very good information. I wish he had of spoken about VWAP a bit more and only taking the trades with the trend and if he uses VWAP.
Check out our interview with Brian Shannon
Who's the Chris guy he keeps referring to?
Brilliant video. Lance is a godamn legend
He’s great
Outstanding interview with an outstanding guest.
Lance was great 👍
This was a great presentation and honestly even better questions. Thanks!
Glad you enjoyed it!
Do you think these concepts apply to futures?
Give it a try!
39:22 how he finds mean reversion
He looks for stocks down the most WITHOUT any news that are panicking without reason.
Thank both of you great information Lance is a Legend Trader, God bless you guys
Thanks for watching!
hello. does this strategy work in the forex market, thanks
Yes it does
this was so good i had to watch it twice. thanks
Glad you found it valuable
how to scan these setups
Lance is incredible!! I have learned so much thanks to him!! Thank you for bringing him. I am truly amazed by the trade on WKHS, and I would like to ask him about the process of trading this breaking news. It seems like he takes the trade right from the beginning, in the first or second candle. How does he filter through so many news that come in for all the stocks in the market at every moment, read and interpret how bad it could be, and make the decision to take the trade so quickly? Were you already monitoring this stock for some reason (perhaps the significant drop it had that morning), and were you only paying attention to the news about this particular stock? Do you use any type of software that filters and classifies the type of news you want to find? Or is it purely a skill developed over time? Thank you again, Richard, for bringing Lance to this incredible interview!
I almost can't believe this is out here, confirming absolutely everything and dropped endless amounts of gems, amazing.
Cheers 🥂
Richard M thanks soo much for bringing so much value with all your hard work all this fantastic interviews !! ❤🔥🔥🔥🙏🏽🌟
Glad you like them!
Exceptional! And the 3 Challenges -- fun, effective and actionable!! Much appreciated.
Glad you enjoyed it!
Lance is the GOAT!
He's awesome!
Great content , can I put this strategy on future trading
Insightful thank you for the germs and nuggets great invaluable trading material for a newbie novice beginner like me this was easy to comprehend
Glad it was helpful!
full of gold nuggets and a couple (and that's all one needs) big gold mountains too, many thanks for sharing your insights and experience.
I'm glad you found the video valuable! Thank you for your kind words.