Swing Trading Rules for Success & Consistent Profits | Trader Amogh
ฝัง
- เผยแพร่เมื่อ 25 มิ.ย. 2024
- Welcome to another Market Chat Episode. In this interview Trader Amogh shares his buy and sells rules that have helped him achieve success and consistent profits in the market. His swing trading rules keep him disciplined and allow him to identify what type of market he is in and trade accordingly. We go through his best winners from the past few years discussing buy and sell points as well as current stocks he's watching and his MarketSmith Screens. As a swing trader he operates within a shorter time frame than most standard canslim position traders, so it was great to hear about his methods and how me manages risk.
Follow Amogh on Twitter: / traderamogh
Trading Books Mentioned:
How To Make Money In Stocks - William O'Neil : amzn.to/3qTg60c
Trade Like A Stock Market Wizard- Mark Minervini : amzn.to/2TzqniN
Have a good one!
-Richard
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► / richardmoglen
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Music from Absent Mind: / absentinlife
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Timestamps:
0:00 Introductions
0:27 Amogh's Trading Background
1:58 Trading Books
3:06 Charting and Screening Software
4:12 Trading Strategy Presentation Intro
4:33 Reasons for Success
7:16 What do you keep track of when Journaling Trades?
8:05 Favorite Chart Patterns to Trade
9:55 How to determine Position Sizing + Manage Risk
12:32 Buy Rules
17:30 Intra-day Buys near Pivots-Price and Volume
19:05 Sell Rules
23:20 Definition of Relative Strength
24:27 Types of Markets - Choppy, Trending, Bearish - And how to change your trading
29:35 Exposure Levels
30:27 Doing homework during Bear Markets- Relative Strength
31:20 How to identify what type of market you are in
32:26 Past Winners - SHOP
33:30 Past Winners - MSFT
34:21 Past Winners - ROKU
34:55 How to trade Earnings Breakouts/Gap and Go moves
36:30 Past Winners - PDD
36:47 Past Winners - V
37:21 Letting Winners Trend
38:24 How Amogh uses RSI
40:07 Past Winners - AMZN
40:59 Past Winners - SOXL
41:13 Past Winners - FTNT
41:25 Past Winners - ENPH
41:35 Past Winners - LMT
42:10 Current Stocks - SNAP
44:28 Buying Tightness near Key Moving Averages
45:09 Current Stocks - PLTR - IPO Base Breakout
46:16 Current Stocks - PLTR - Intraday Analysis
48:00 Current Stocks - GRWG
49:40 Do you wait for the close to Buy/Add
50:16 Current Stocks - TSLA
51:41 MarketSmith Screens
56:05 What Fundamental Criteria do you look for in MarketSmith?
57:47 Current Focus List
58:00 Current Focus List Stocks - APPS
58:36 Current Focus List Stocks - ETSY
59:04 Current Focus List Stocks - SPWR
59:34 Current Focus List Stocks - ALGN
59:50 Current Focus List Stocks - PINS
1:00:32 Current Focus List Stocks - ZS and CRWD
1:02:09 Advice for New Traders
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything
Hope you guys enjoy this! Feel free to use the timestamps linked in the description. My personal favorite parts are Amogh's Presentation and when we go over charts at the end. Take care!
Timestamps:
0:00 Introductions
0:27 Amogh's Trading Background
1:58 Trading Books
3:06 Charting and Screening Software
4:12 Trading Strategy Presentation
4:33 Reasons for Success
7:16 What do you keep track of when Journaling Trades?
8:05 Favorite Chart Patterns to Trade
9:55 How to determine Position Sizing + Manage Risk
12:32 Buy Rules
17:30 Intra-day Buys near Pivots-Price and Volume
19:05 Sell Rules
23:20 Definition of Relative Strength
24:27 Types of Markets - Choppy, Trending, Bearish - And how to change your trading
29:35 Exposure Levels
30:27 Doing homework during Bear Markets- Relative Strength
31:20 How to identify what type of market you are in
32:26 Past Winners - SHOP
33:30 Past Winners - MSFT
34:21 Past Winners - ROKU
34:55 How to trade Earnings Breakouts/Gap and Go moves
36:30 Past Winners - PDD
36:47 Past Winners - V
37:21 Letting Winners Trend
38:24 How Amogh uses RSI
40:07 Past Winners - AMZN
40:59 Past Winners - SOXL
41:13 Past Winners - FTNT
41:25 Past Winners - ENPH
41:35 Past Winners - LMT
42:10 Current Stocks - SNAP
44:28 Buying Tightness near Key Moving Averages
45:09 Current Stocks - PLTR - IPO Base Breakout
46:16 Current Stocks - PLTR - Intraday Analysis
48:00 Current Stocks - GRWG
49:40 Do you wait for the close to Buy/Add
50:16 Current Stocks - TSLA
51:41 MarketSmith Screens
56:05 What Fundamental Criteria do you look for in MarketSmith?
57:47 Current Focus List
58:00 Current Focus List Stocks - APPS
58:36 Current Focus List Stocks - ETSY
59:04 Current Focus List Stocks - SPWR
59:34 Current Focus List Stocks - ALGN
59:50 Current Focus List Stocks - PINS
1:00:32 Current Focus List Stocks - ZS and CRWD
1:02:09 Advice for New Traders
Thanks Richard and Trader Amogh for sharing the process. You won’t believe how much helpful your session was. Thanks again for both of yours mentorship. Sincere appreciation to both of you.
Our pleasure Sidd! Glad you found it helpful!
great video, no blah blahs, Amogh was straight to points .
Truly appreciate the time you put into detailing out the Time Stamps. This is soooooo very helpful!
Glad they are helpful!
Yes!! Made my Sunday morning, currently watching the whole thing!
Hope you enjoyed it!
This man is a legend!
Zack, Amogh, Stewie, JonCharts, Gtrader are the gems of the fintwit!
Richard thanks for the brilliant content.
No problem!
"Learn and do not follow." Very sound advice!
Thank you for a great interview!
Glad it was helpful! Thanks Rob
I learned a ton from this interview, thank you for making this excellent content, Richard!
My pleasure!
Thanks Richard for posting such good content and having great guests on your channel. Very helpful.
More to come!
Good interview. Thanks Richard
many tx Richard and Amogh for the vid. Amogh's ROKU trade is legendary!
Thanks Roberto!
This video is gold! Hope to see your own detailed trade plan and set-ups video Richard 🙏🏼
Thanks Richard ! superb video
Great learning. Thank you both, will have to watch again
Glad you enjoyed it
Finally got to watch it, super presentation and discipline, very clear sets of rules, thank you to you both.
Our pleasure! Thanks Tony have a great weekend!
Wonderful Interview..You should be recognized more for your sensible questions!..Well Done..Very Informative.
Excelllent video! Thank you again, I’ve been taking many notes. Trader Amogh seems very calm. :)
Thanks Benjamin! He's a calm and cool guy
Appreciate your effort to create timestamps
No problem!
@@RichardMoglen Yessir you are a legend for doing so, keep it up!
What a great video again. Very informative, love it.
Glad it was helpful!
Really liked Amogh and how he goes through his trading plan ... stock selection, taking trades, stop loss and profit target. Thank you to Amogh and you for the education
Thanks Rahul!
Gracias Richard, excelente vídeo!
Thanks Luis!
This was really awesome, thank you both for the efforts!
Good Stuff Bro! Thanks for doing this interview !
Glad you enjoyed it!
Great learning... Thanks a ton Richard
No problem!
Really great video, thanks Richard and Amogh!
Our pleasure Michela! Good luck this week ;)
Thanks for the video, it is always great to learn about position management and how others manage their trades.
Absolutely!
Alway learning from your posts. Thanks
Excellent video. Very informative!
Glad it was helpful!
Great interview Richard, you're a natural!
Thanks Pup! I appreciate that.
Great video guys! Really insightful
Thanks so much!
Sir thank you so much for putting all the efforts to provide such quality content. 🙏
It's my pleasure!
Hi Richard and Amogh, great presentation. I'm currently working on my trading plan and was able to get to know new aspects here.
Glad it was helpful!
Awesome Videos Richard & Amogh ... thanks Richard,.. u r bringing best comment for the new traders like us .. Awesome
Glad you think so!
Great video guys, keep up the great work Richard!!
Thanks so much!
Solid content Richard. Keep it up :)
Appreciate it!
Thanks a lot Richard and Amogh.. learned a lot from this video, i can see myself going to implement some rules into my selling strategy.. By far my biggest mistake is micro managing the stops and getting stopped out of the winners early, then chase it again to give back all the profits.
Glad it was helpful!
@@RichardMoglen booked partial profits on twlo expi at 5%.. now moved stops to breakeven.. planning to not micro manage the stops anymore.. :)
Great interview, thank you both!
Ps: We want Ray on the channel!!!
Thanks Helen!
Wow thank you
No problem
Thank you
No problem thanks for watching!
Can you do swing trade on registered accounts?
Very cool.
Thanks for watching!
Nice video and interview. I like the content and your interview style. You let the guest do the talking
Glad you enjoyed it!
感谢！
These are larger position ie 10%. breakout entries or any entry often pulls back so stops a few percent below or more can be a sizeable loss.
all good stuff thanks Richard! (would love to see if you can bring back Leif Soreide for a round 2 :D)
We've been talking about it, We'll make it happen soon
I Did it! I found that the problem I had was because of the mic Amogh was using; my speakers rumble. It was really valuable to the interview. Thanks for your incredible work.
Informative video thanks again for your time gentlemen. I found it interesting that Trader Amogh has only read two investing books. I've asked for many of them for Christmas. Not necessarily requiring extensive reading fits the suggestions I've seen from Minervini and others that say the best teacher is practice by putting skin in the game. I have also taken this approach and have obtained solid results so far in the few months I've been actively trading. I would still like to bolster my knowledge as I do see things like wave theory that I need to learn.
Richard would you mind trying to interview Tomas Claro? I saw a biography on his trading style and it appears he says he is a swiss army knife approach. This goes against what some traders preference to master one chart pattern. I think it would be fascinating!
Thanks Javier, I highly recommend Minervini's books they teach a lot about risk management. I'll add Tomas to the list thanks!
Richard, I'm curious what criteria you're looking at for the interviews?
I'm looking for traders and investors that I think have strong established processes and I think both my subscribers and myself will learn from.
Great interview Richard. Took lots of notes. He mentioned a tool in Market Smith to look at volume that was similar to your Volume Buzz. Do you know what that is in MarketSmith? Thanks again.
Thanks Scott, The volume run rate is just below the price top right corner.
@@RichardMoglen Thanks!
Another great interview but leads me to a question. The question is " Markets are known to be random and that is why there are buyers and sellers on each side but with these interviews, learnings like VCP, cup and handle, RS etc , if everyone learns the similar pattern to buy where are the sellers coming from or will come from? In short your interviews are or would omit market randomness or am I too novice to think so?
Thanks again
The patterns are the effect not the cause, created by institutional accumulation.
The markets aren’t efficient
is he use 15 min timeframe for trading?
I like selling a portion as I make gains but then I have fewer shares if the stock runs. Other people add more in if the trade is working which I believe he also said he does which seems contradictory.
I believe he adds on pullbacks like he showed with SNAP, I don't find that contradictory
Around 3:06, what is the third trading software he mentions, after stockcharts.com, tradingview, ????, then MarketSmith.
Trendspider
long video but very nice
Yes, thanks!
Richard he mentioned a trader community around 1:27 minutes into interview. I rewind about 3 times but still couldn’t get the name. Could you please help?
Trader Stewie's Art of Trading Community
He said um 2172 times in an hour
are the stocks with $$$ the main focus?
Hmmm I'm not sure if I understand your question
At around 1:25 Amogh talks about some community but I don't understand what he said?
The Art of Trading Community with Trader Stewie
@@RichardMoglen Thank you.
Do you know the name of trader group he joined that helped him get started?
Art of trading I believe
Thanks 🙏🏻, love the channel and content!
Mind opening content richard..... 👍👍👍
Thanks!
He bought AMZN below 50 and 200 MA. Broken rules. lol Love the misdirection. There's the moneymaker play.
Rules bend within the context of the general market conditions, Amogh genuinely shared his process here.