The Powerplay Trading Setup | Interview with Pro Trader Mark Ritchie II

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  • Опубліковано 29 гру 2024

КОМЕНТАРІ • 111

  • @RichardMoglen
    @RichardMoglen  2 роки тому +15

    Timestamps
    0:00 Intro
    0:47 Mark's Background
    3:25 Love for competitive games
    6:25 Beginner trading mistakes
    8:35 Style Drift
    10:35 Staying Disciplined with a Strategy
    13:15 Having a consistent process
    16:20 How to analyze market conditions and find setups
    20:00 Mark's Daily Routine
    25:00 When do you buy a stock?
    26:49 Mark's Trading Style
    28:20 Selling into strength to finance a longer trade
    30:30 Situational Awareness
    32:44 Buying Breakouts versus Pullbacks
    35:30 Charting: Powerplay Setup
    39:00 Shakeout within the setup
    41:30 X US Steel Losing example
    43:20 VYGR Example of a powerplay that wasn't tight enough
    44:30 TH example
    45:40 UUUU Example
    46:40 Constructive Price and volume action
    47:40 Shakeouts, Driver behind a HTF, Neglect phase before the setup
    55:20 Overhead Supply
    55:30 Buy point and stop loss placement
    56:30 LUNA Crypto HTF
    1:00:14 DOT Crypto HTF
    1:01:28 Selling into Strength
    1:03:44 Length of the HTF base
    1:05:58 Current Market Conditions, what would mark need to see to get aggressive
    1:07:55 Conditions can change quickly
    1:09:00 Ignore old leaders
    1:09:40 Stocks point you to the leading groups
    1:10:20 Does Mark consider Macro conditions?
    1:13:10 How to do Post Analysis
    1:17:00 Advice for traders

  • @MikeLocke
    @MikeLocke Рік тому +3

    Probably heard this a lot, but you have a gift for interviewing people. Great listener, great questions.

  • @mahanteshharihar8182
    @mahanteshharihar8182 2 роки тому +38

    Such a power packed interview that one can't afford to miss for a second what Mark is telling. This was possible because of your high quality questions. Thanks for the interview.

  • @RichardMoglen
    @RichardMoglen  2 роки тому +10

    Going over charts at 35:00 was fantastic, highly recommend watching.

  • @jamsheedmehta1657
    @jamsheedmehta1657 28 днів тому

    super interview - both interviewer and interviewee were outstanding - great knowledge shared. thanks.

  • @AdityaDas720
    @AdityaDas720 2 роки тому +4

    Trading or Speculation is a Reflection of your Personality...... I loved this Line.

  • @thomascooktv
    @thomascooktv 2 роки тому +4

    One of the best interviews yet imo. Great work Richard, and thanks for the insight Mark.

  • @swingtradingscience
    @swingtradingscience 2 роки тому +9

    I learn so much from every interview!!! Keep these up Richard! Just finished momentum masters and have really grown to appreciate Mark's strategy.

  • @Shubharwal
    @Shubharwal Рік тому

    This is exactly the kind of explanation i was looking for on HTF/Power Play setups. Turns out I have actually been doing what Mark has explained here. Thanks a lot Richard for bringing us this wonderful interview. HTFs and VCPs are the only 2 setups I trade and this information just boosts my morale to keep it going!

  • @ClubdelTrader
    @ClubdelTrader 2 роки тому +1

    A lot of golden nuggets here. Keep up the work Richard!!!

  • @arunricky
    @arunricky 2 роки тому +2

    Great video again. Thanks Richard and Mark.

  • @ajayp3620
    @ajayp3620 2 роки тому +1

    1:00:00 walkthroughs are always cool to watch..
    this is really educative..thanks Richard..

  • @Steveocork
    @Steveocork 2 роки тому +1

    another gem , thanks Richard & Mark

  • @JamshedWadia
    @JamshedWadia 21 день тому

    This video is Gold for anyone interested in HTF or powerplays.

  • @helipilot7762
    @helipilot7762 2 роки тому

    Outstanding! Minervini protege!

  • @juliofurtado5642
    @juliofurtado5642 2 роки тому +3

    Awesome work Richard, thanks for bringing world class traders to the channel

  • @hatsigeo1283
    @hatsigeo1283 2 роки тому +1

    No disrespect to the previous guests because you have had some super pros on your channel Richard but this Ritchie guy is a really good interview. Thank you.

    • @RichardMoglen
      @RichardMoglen  2 роки тому +1

      Thanks JH, yep always great talking with Mark

  • @thapa81
    @thapa81 2 роки тому +1

    Great interview. Thank you, Richard and Mark.

  • @bmcg4029
    @bmcg4029 2 роки тому +1

    Thanks Mark and Richard. It doesn't grow the account, but it is reassuring to hear more experienced traders voice out how tough the markets are these days. Good interview, as usual. (ForwardtoInfinity).

  • @od1nh1ll
    @od1nh1ll 2 роки тому +4

    Mark is one of my favorites, really able to articulate his strategies
    Also has a nice down to earth vibe doesn't feel the need to cringe flex

  • @leihe5215
    @leihe5215 2 роки тому +6

    Very excellent interview, interviewer and interviewee! Thank you Richard and Mark. A little suggestion may I , for the real example in the interview for the entry point, if you could ask them how did they exit the trade, that would be great, I am so interested and curious about it!

  • @BingoPooh
    @BingoPooh 2 роки тому +2

    Great interview! You have the best interviews! I really enjoy learning from them! Great questions! Thank you!

  • @andrewplante7232
    @andrewplante7232 2 роки тому +1

    Great video again Richard! I was looking forward to this video and it is fantastic as expected. Thank you!

  • @rit20095
    @rit20095 4 місяці тому

    Great interview...very much insightful ...so much to learn

  • @klazarov
    @klazarov 2 роки тому

    Thank you for doing this kind of interviews Ricard!

  • @tedpappas1559
    @tedpappas1559 2 роки тому +2

    Another great interview with Mark, thanks again gents for all the hard work you put in and for the education, very much appreciated 👍

  • @TO9729
    @TO9729 2 роки тому +1

    Thanks Richard, excellent set of questions.

  • @Swishormiss
    @Swishormiss 2 роки тому +1

    Another great interview. Thanks Richard

  • @figgy163
    @figgy163 2 роки тому +1

    Excellent interview, great content as always. Thanks to both 👍

    • @RichardMoglen
      @RichardMoglen  2 роки тому

      Glad you enjoyed it! Thank you Tony take care

  • @julesboss79
    @julesboss79 2 роки тому

    Great video again Richard thanks so much for the hard work its gold content for me. I have a question if anyone could help me (I am kind of new to this), at 28:44 when he talks about sell out a piece at multiple of his risk from 2 to 5 to 1? He is just referring to his ratio right ? (example he has an SL at 5% he will take a portion of profit at 10% 25 % and 5%? I dont really get the "1" coming after 2 and 5)

    • @RichardMoglen
      @RichardMoglen  2 роки тому +1

      Yep! 3-1 Means a 3X multiple on his risk

    • @julesboss79
      @julesboss79 2 роки тому

      @@RichardMoglen Ok make sense, thanks Richard !!

  • @lifelessplum
    @lifelessplum 2 роки тому

    As usual another great interview!

  • @qtraderz
    @qtraderz Місяць тому

    56:30 - importance of stringently sticking to the rules. This was days before LUNA collapsed.

  • @chandraprakashtomar
    @chandraprakashtomar 2 роки тому +2

    The Example Given of HLG Is really Great.

  • @someday001
    @someday001 2 роки тому +1

    Great interview👍🏻 Very informative.

  • @jaysteve4442
    @jaysteve4442 2 роки тому +1

    Really good interview. Great info. Thanks to the both of you guys 🙏🏽🙏🏽

  • @kjgetsbetter525
    @kjgetsbetter525 2 роки тому +5

    Very similar to Qullamaggies style of setups. Highly recommend checking out his stuff too if you’re interested in these type of trades

    • @RichardMoglen
      @RichardMoglen  2 роки тому +2

      Yep he is another fantastic momentum trader

    • @kjgetsbetter525
      @kjgetsbetter525 2 роки тому +1

      @@RichardMoglen Any plans for a potential interview with him??

    • @RichardMoglen
      @RichardMoglen  2 роки тому +4

      @@kjgetsbetter525 I’d be happy to, he’s got an open invitation

  • @sandcena
    @sandcena 4 місяці тому

    Trading should be simple and disciplined , I loved this

  • @Ezdeharmediaa
    @Ezdeharmediaa 8 місяців тому

    How should we ignore the market when one of the required ctiteria is rs

  • @tomlaws5605
    @tomlaws5605 5 місяців тому

    I see someone commenting on the lighting, which I think is nonsense. As long as the microphone is close enough to the speaker I'm happy. Interviews like this are mostly just listens to rather than watched.

  • @sansarsingh2716
    @sansarsingh2716 2 місяці тому

    What is the moving average value pl

  • @cliffordt1224
    @cliffordt1224 2 роки тому +1

    Nice interview. I don't understand rebranding the high tight flag.. but interesting.

    • @RichardMoglen
      @RichardMoglen  2 роки тому +1

      I wouldn't put much thought into it, people have many different names for the same setups

  • @ketan3233
    @ketan3233 2 роки тому +1

    wich trader you follows personaly ?

  • @teslamr7333
    @teslamr7333 2 роки тому

    CUTR looks like SUFB, The previous base looks very similar how it doubled and then fizzled out. I think it’s better when you have a stock that doubles after it comes out of a base. The spreads on this stock are also so wide, I don’t know how someone can put any size on a thin stock like this.
    If anyone wants to study a power play go look at PRTS which broke out on 07/08/20.

  • @KINGFLX
    @KINGFLX 2 роки тому +1

    Amazing wonderful insights so helpful to match up some of my own thoughts to those discussed 💯/💯

  • @swiss-man7733
    @swiss-man7733 2 роки тому

    Great interview, do you know the name of the broker he trade cryptos? Thx

  • @rocketPower047
    @rocketPower047 2 роки тому

    The best HTF I ever bought was Tesla 2013, which occurred right after a massive saucer breakout. Wish I caught saucer BO

  • @seek3n
    @seek3n 2 роки тому

    primary watchlist 15-100 stocks?

  • @zhaoliu7166
    @zhaoliu7166 2 роки тому

    非常感谢!

  • @kayz1553
    @kayz1553 7 місяців тому +1

    55.50
    Crucial

  • @paulader9007
    @paulader9007 2 роки тому

    Love listening to traders that don’t know or care anything about the fundamentals of what they are trading. Good thing he got out of terra Luna and didn’t get into voyager

  • @sherlock4791
    @sherlock4791 2 роки тому

    Im always get traderlion and richard moglen podcast mixed up
    I really thought ive alr watched this

    • @RichardMoglen
      @RichardMoglen  2 роки тому

      I also interviewed mark for the traderlion channel but we covered different topics

  • @mrnewton3674
    @mrnewton3674 Місяць тому

    You will never go broke taking profits.

  • @movableimages
    @movableimages 2 роки тому +1

    all meat no fluff!

  • @Nickcollison
    @Nickcollison 2 роки тому +6

    A suggestion. It's great that you have a great camera and microphone but, you could make the interviews even better quality, if you spent some time getting your guests to position their camera better, and also not have light behind them but in front, so that their picture is better quality. Sorry Richard, they are the star of the interview and should look better than you !

    • @keshevdugar
      @keshevdugar 3 місяці тому +1

      Just fuckin listen to what he says rather than commenting bs

    • @DjArie09
      @DjArie09 3 місяці тому

      I don't mind lighting on speaker but I hope this guy get them to spend more time on charts.

  • @abhiseeker1579
    @abhiseeker1579 5 місяців тому

  • @mahditrader2485
    @mahditrader2485 2 роки тому

    ❤👏👏👏👏👏🤑🤑🤑🤑🤑🤑

  • @Andrew-dj1wd
    @Andrew-dj1wd 2 роки тому +1

    No such thing as "Weak Hands". That comment comes from Pumpers or Experienced Traders.
    There have been new traders in the last 2 years learning and making mistakes and successes who may at times have to Sell to protect their small cash flow and less experience.
    The lesson should be why do these so called "weak Hands" sell and why they should Hold. Its a teaching moment.
    All these Gurus do sell while others hold.
    Some traders have Held TESLA for 10 years.
    Some traders have Sold TESLA many many times for 10 years.

    • @RichardMoglen
      @RichardMoglen  2 роки тому

      This interview is about trading.

    • @Andrew-dj1wd
      @Andrew-dj1wd 2 роки тому +1

      @@RichardMoglen yes I know. Was just referencing when the phrase 'weak hands' is used. Less experienced traders have to protect their capital by selling when they are at risk. Your guest also said he sells when at risk. Neither scenario is 'weak hands' because no one knows the direction of a stock, but the phrase is used after the fact.

    • @RichardMoglen
      @RichardMoglen  2 роки тому +1

      @@Andrew-dj1wd Weak hands refers to anyone who uses stop losses. I agree with what you are saying. He is not using weak hands as a negative adjective. The goal is to be the last weak holder after supply has been wrung out within a base or after a shakeout

    • @Andrew-dj1wd
      @Andrew-dj1wd 2 роки тому +1

      ​@@RichardMoglen I have only been trading for 2 years, part time while working and trying to graduate from medical school. I learned trading from others on Twitter and UA-cam. I have since focused on a few UA-cam channels to develop some basics, a system, a few set-ups. Protecting Mindset is likely the top equity in trading. New traders who don't want to be labeled a "weak hand' or 'paper hand' on Twitter have held stocks and lost tons of cash and wrecked their mindset. That's my main point for your viewers.
      Your channel is awesome for learning.

    • @leihe5215
      @leihe5215 2 роки тому

      @@Andrew-dj1wd"weak hands" is often used neutral term in trading. It also used in O'Neil's book and Mark's book. Don't take it wrong. I am/was "weak hand" a lot of time. I was shaken out and only watching the stock taking off without me.

  • @kingjimmy442
    @kingjimmy442 9 місяців тому

    He might be good…But his Uncles are Last of Legends.

  • @kreative159
    @kreative159 Рік тому

    Seem like he did not focusing on the questions, the answers were too long and not sharp.

  • @markmcgwiresbackne5705
    @markmcgwiresbackne5705 2 роки тому

    I know it when I see it is not a trade setup, it's said by someone who can't explain how they make money in markets. They don't know. Also, when something is so obvious in a hot stock/hot sector a 5th grader can see it, buy it. Stop buying behind peak formation highs and pin hammer engulfments in trash names. Forget this dude, bring me on your show. I will show your viewers real setups on an intraday basis they can profit from with pictures, with clear explanation, that happen over and over and everyday. Your audience needs it put in they're lap it's why they're here. This is useless.

    • @RichardMoglen
      @RichardMoglen  2 роки тому +2

      Here are Mark Ritchie's Returns: twitter.com/markminervini/status/1526204860231823361?s=20&t=jybnTT4D2bj1LygqqcnPmA

  • @gf5050
    @gf5050 2 роки тому

    Im gutted, ive really tried but i just cant listen to this guy. Shame coz it s great info…

  • @ps7857
    @ps7857 2 роки тому +3

    Awesome content and truly inspirational...Marks strategy and comments/answers were easy to understand and full of common sense..if one watches this video once everyday profitable trading is on its way😄 thanks Richard for asking all relevant questions and keep up the good work👌👌

  • @JamieMcConomy
    @JamieMcConomy 11 місяців тому +1

    One of the best interviews yet imo. Great work Richard, and thanks for the insight Mark.