How to Swing Trade & Manage Risk | Interview with Veteran Trader Matt Petrallia

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  • Опубліковано 3 жов 2024

КОМЕНТАРІ • 95

  • @RichardMoglen
    @RichardMoglen  3 роки тому +10

    Timestamps:
    0:00 Intro
    0:45 Matt's Background as an Architect, Learning to trade
    2:24 Recommended Trading Books
    4:27 Early Mistakes Matt made
    6:00 The importance of staying balanced, and trading with a plan
    7:05 Let the decisions fall on the charts
    7:20 Overtrading Mistake
    8:30 Learning through failure.
    8:45 Dan Zanger, Waiting for your pitch and Market Conditions
    11:40 Hobbies outside of trading
    13:08 Timeframe and Average Gain/Loss + Holding Periods
    14:10 Options Trading
    14:30 Options Risk Management
    16:00 FOMO Social Media, Rocket Emojis
    16:55 Choosing Options Duration
    17:55 Options Position Sizing
    18:50 Total Open Risk
    20:25 Technicals versus Fundamentals
    21:45 Determining Market Conditions
    23:28 Progressive Exposure
    24:30 Building a Focus List, Stock Selection
    26:02 Pullback Buys or Breakouts?
    31:20 Chart Setups, Too many indicators
    32:50 Summary Statistics, Risk Management
    34:11 Batting Average
    35:40 Using Excel to Track Trades, Journal
    37:49 Setting Stop Losses
    40:50 Buying Near 52 week highs
    42:50 Stop loss management, moving up stops
    45:00 The Art of Trading
    46:20 Risk Management, Keeping Losses in Check
    48:50 Determining Position Sizes
    49:50 Reading Charts Demonstration GS
    52:40 GS Second trade (Loser)
    54:20 SQ Trade
    55:00 Dealing with Gap Ups
    57:00 Nio, The Stock Chart of 2020
    58:09 NIO current chart
    59:00 Leading Stock in a Leading group, 50 Day average
    1:00:58 Matt's Chart Layout, moving averages, Bollinger bands
    1:03:33 Wedge Setup
    1:05:58 Best performer of 2020
    1:07:24 Reading Market Environments
    1:12:45 ZM Chart
    1:13:30 RH Chart
    1:14:40 Dealing with stops on gap downs
    1:16:00 Dealing with emotions
    1:17:30 PTON Chart
    1:19:05 Position versus Swing Trading
    1:20:00 Going through Charts
    1:21:22 Advice for new traders

  • @RichardMoglen
    @RichardMoglen  3 роки тому +22

    I hope you all enjoy this conversation I had with Matt. I especially enjoyed the parts about psychology and his emphasis on risk management. Take care!

  • @addyleman7068
    @addyleman7068 3 роки тому +8

    Good video. As a fellow swing trader who is doing it almost full time now you can tell when someone is real and not BSing, open discussion of highly relevant topics and processes carried out by actual traders.
    Thanks;
    Regards

  • @cementman69
    @cementman69 3 роки тому +3

    I love your interviews Richard, Matt story is exactly mine, I too was an architect switched to trading in 1998 and since then I'm a full time trader, since my first course when i saw my first chart I knew this was my passion and this is what I'm gonna do for the rest of my life, like falling in love from first sight.

  • @quacker1982
    @quacker1982 3 роки тому +4

    love this one, self taught trader with a simple process. Matt also has a great voice for radio. Well done Richard, your content is very helpful to the traders out there.

  • @supersheep5223
    @supersheep5223 3 роки тому +4

    Another great interview Richard! This is gold. Thanks and keep up this great work 🙏

  • @augiux1987
    @augiux1987 3 роки тому +1

    Your interviews are pure gold !👍

  • @trader2329
    @trader2329 3 роки тому +3

    love this guy, he is a must follow on twitter

  • @CRAIGD725
    @CRAIGD725 3 роки тому +3

    Excellent interview, thank you!
    I especially like the end taking about risk management and how Matt considers it his "job". I bet that will stick with me

  • @steelcitystyle7654
    @steelcitystyle7654 3 роки тому +2

    Really great variety in your interviews. This guys seems really cool. Learned a lot. Thank you!

  • @figgy163
    @figgy163 3 роки тому +1

    As we come to expect from Richard, excellent interview, top guest, thanks to you both.🙏

  • @TInyK12
    @TInyK12 3 роки тому +1

    Hey Richard, I’ve always wondered how different swing traders manage risk. Like how traders position size in relation to how much they risk of their equity, etc. Really important. Thanks for asking your guests!

  • @c.white86
    @c.white86 2 роки тому

    awesome interview! Matt laid down a wealth of knowledge in this one. You're a really good interviewer Richard, I appreciate how you let your guests ramble and really go into detail.

  • @brandonpilling4359
    @brandonpilling4359 3 роки тому +1

    Great video! Loved see the marked up charts… risk management is everything!

  • @onetwelvethousand
    @onetwelvethousand 3 роки тому +1

    Thank you again. Great interview and he makes it look so simple.

  • @stamils
    @stamils 3 роки тому +2

    very good interview Richard! he was eager to teach/explain things like win/loss ratio, how he uses options, stop-loss, etc. very good. 1.he mentioned about ivanhoff, Dan Zanger. can you interview them if possible ? 2.can you make a 10-15 minute video on % wins/losers, size of wins/losers, what a trader should focus on, etc ? Thanks

  • @abu4729
    @abu4729 2 роки тому +1

    After watching trader videos for 2 years now, I've figured out what's the final topic that all these traders need to address on these talks: please show us at least 2 years of bull market win-loss and at least 2 years of bear market win-loss. No more pre select charts on just two, three stocks. We need to see total performance.

  • @chandeepbuttar6101
    @chandeepbuttar6101 3 роки тому +1

    I dont comment often but i gotta say love this video. awesome questions you ask. keep up the good work!

  • @satyammakwana6126
    @satyammakwana6126 Рік тому

    Watched your many videoes. Many thanks for putting tons of information and ideas on trading

  • @TheMountainBeyondTheWoods
    @TheMountainBeyondTheWoods 3 роки тому +1

    Another very interesting interview, I've been learning a lot.

  • @TheSquirreless
    @TheSquirreless 22 дні тому

    Thanks for the vid.

  • @MrAfricanpilot
    @MrAfricanpilot 3 роки тому +1

    Another great video that I learnt a lot from!

  • @mohanpremkumar1368
    @mohanpremkumar1368 3 роки тому +1

    Awesome Interview. Great insights.

  • @zhaoliu7166
    @zhaoliu7166 3 роки тому +2

    Thanks a lot!

  • @harunoktay6453
    @harunoktay6453 3 роки тому +2

    Great interview Richard! I appreciate all the work you've done so far. I can't even describe how valuable your channel is. Would you mind showing us keeping a journal on excel some time? I am struggling to set up a good tracker.

  • @jonathonhardegree5841
    @jonathonhardegree5841 3 роки тому +1

    Great work Richard! Please interview Ross Cameron from Warrior Trading, great guy and great day trader!

  • @dkct2010
    @dkct2010 2 роки тому

    Very informative and insightful. Thanks

  • @richardmartinez2973
    @richardmartinez2973 2 роки тому

    How can I learn to swing trade? Everyone is talking about bits and pieces or just opinions but how do you actually do the swing trading, what time frame, how do you know where to enter, how long do the trades run,? I'm sure there's more

  • @simonepecoretti3690
    @simonepecoretti3690 3 роки тому +1

    An other excellent interview! Thanks

  • @NicoleDeanna
    @NicoleDeanna 3 роки тому +1

    Another great interview.

  • @蔡宏昱-x2s
    @蔡宏昱-x2s 3 роки тому +1

    Great video. I've learned a lot.

  • @ongNguyen-rh5gn
    @ongNguyen-rh5gn 3 роки тому +1

    Thanks Richard

  • @TInyK12
    @TInyK12 3 роки тому +1

    Richard, you mention a snippet of Mark’s book about cutting losses. There was a part about keeping your stop loss under 10% too. What do you think about that rule? I thought it’s too restrictive because you’ll trade very volatile stocks sometimes. Also it seems like he’s risking a large portion of his portfolio too because he doesn’t talk about equity risk.

    • @RichardMoglen
      @RichardMoglen  3 роки тому +1

      The 10% was just an example mark used in his book, I keep my losses below 3.5% on average and I bet Mark does as well

  • @themindsculptor_
    @themindsculptor_ 2 роки тому

    Thank you!

  • @prga8205
    @prga8205 3 роки тому +1

    Great interview, thanks! Richard you mentioned a trader around 40:00 who's playing range expansion but even at 52w lows - is that interview available or yet to come? Who's the trader? TIA

    • @RichardMoglen
      @RichardMoglen  3 роки тому +2

      Thats Pradeep Bonde, great trader, its up on my channel

  • @izuddin1978
    @izuddin1978 Рік тому

    Thank You coach

  • @playtimbo7345
    @playtimbo7345 3 роки тому +1

    Did someone understand wich books he recommends after Minervini books ? Didn't understand the name of the author...

  • @juancarloshuarte6865
    @juancarloshuarte6865 3 роки тому +1

    Which is the tradingview theme Matt uses?

  • @gaberoyalll
    @gaberoyalll 3 роки тому

    1:14:40 i dont wann get wicked out lol lol 1:15:10.. one of my favorite videos thanks gentlemen !

  • @sixthmanballer
    @sixthmanballer 3 роки тому +2

    Who is the author of swing trading book that was mentioned?

    • @rajuburle
      @rajuburle 3 роки тому

      I am also looking for this author name.

    • @rajuburle
      @rajuburle 3 роки тому +1

      I am also looking for this author name

    • @timj4755
      @timj4755 3 роки тому +3

      One was ivaylo ivanov. He’s been interviewed on chat with traders and some others. The other he mentioned was mark minervini. The info they provide are just pure gold. I’ll tell ya, for those of us that are serious and working hard to learn this stuff…it’s all there. I mean these guys are literally telling us how to be successful. We have to just keep going, keep learning…this CAN be learned.

  • @MasterKE15
    @MasterKE15 Рік тому

    What did he mean when he said his stop is 0 on options?

  • @marksegel3994
    @marksegel3994 3 роки тому

    Great interview
    Enjoy watching while walking dog
    Harper
    The yellow charts were great on IPhone
    Any chance of getting Guru
    David Ryan and or Charles Harris

  • @hercuslo5578
    @hercuslo5578 3 роки тому

    What's the name of the 3rd set of swing trading books which Matt referenced?

  • @swapnilthokale1518
    @swapnilthokale1518 3 роки тому +2

    Hey there i am waiting for @Qullamaggie

  • @DONALD1951
    @DONALD1951 7 місяців тому

    How did he do in 2022 when the market “ crashed.”

  • @PortgasDACE-gz5tx
    @PortgasDACE-gz5tx 2 роки тому

    Bring Qullamaggie after New Year...Happy Trading..

  • @megasolrac287
    @megasolrac287 3 роки тому

    Interesting stuff

  • @bibbidi_bobbidi_bacons
    @bibbidi_bobbidi_bacons 17 днів тому

    lol cackalate 😁 I too like pronouncing calculate this way

  • @samreeve1508
    @samreeve1508 2 роки тому

    Noob question - What does Matt mean by bits? 25 bits, 50 bits. Etc.

    • @vivekrana74
      @vivekrana74 2 роки тому

      bips or bps - Basis Points (1/100 of 1 percent)...He is stating 25 bps or 50 bps of Total Available Equity (TAE) is being risked by him on every trade (depending on market conditions and his own recent P&L performance)...So if the TAE is 100,000$, then 50 bps would be 500$ (0.5% of 100k) (and similarly 25 bps would be 250$)...Once the amount at risk for the trade is decided upon, say 50 bps and with 100k account, 500$, then one can use it for position and risk mgmt. IF the stop is say 2$ from your buy price, then if you want to risk only 500$, you should only buy 250 shares max

  • @ericklopping3193
    @ericklopping3193 2 роки тому

    How old is Matt? Acts like he is Rick rule age and maybe 35-40? lol

  • @jasonthompson5624
    @jasonthompson5624 Рік тому

    Thanks