The Momentum Burst Trading Setup | Interview with Veteran Trader Pradeep Bonde of Stockbee
ฝัง
- เผยแพร่เมื่อ 3 มิ.ย. 2024
- Welcome back to the Market Chat! Pradeep is a veteran swing trader and is the founder of the Stockbee community. His approach to the market is unique and challenges what many believe about market structure.
In the interview we discuss many different topics such as the momentum burst setup, episodic pivots, procedural memory, and what it takes to become a successful trader.
Connect with Pradeep:
/ pradeepbonde
stockbee.blogspot.com/
Enjoy!
-Richard
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Timestamps:
0:00 Intro
0:30 Pradeep's Background and Research
2:20 Marketing MBA, Psychology and Trading
3:28 Procedural Memory
8:00 Researching different Trading Styles
8:18 Dan Zanger's Underwear
10:20 Dollar Move Breakout
10:38 Superperformance Stocks, Post Earnings Announcement Drift
11:00 Earnings Gap up Entry
12:30 Episodic Pivot, When the story changes
13:50 Market Structure. The Physics of the Market
14:20 The Momentum Burst Setup 3-5 Days
14:40 Goldman Sachs Momentum Burst
16:30 SPCE Catalyst, Momentum Burst
17:16 GRWG Episodic Pivot due to earnings
18:00 Kristjan Kullamägi
18:30 most of the big winners for the year are story stocks
19:10 POSH Exhaustion setup
21:11 Trading Tactics to build an edge. Anticipation setup
23:50 How does Pradeep analyze Price and Volume
24:25 2 Lynch criteria
26:20 9 million shares
33:30 Risk Management
34:50 Keeping Risk low through tactics
36:40 Market Conditions, Situational Awareness
40:21 CANSLIM Misconceptions
42:30 Sales growth is the biggest driver of big moves
44:00 Question Assumptions, Do the research
45:00 Leadership skills, Innovation and Creativity
46:05 Adapting styles to changing markets
49:30 Anticipation Setup
51:05 Gap downs after anticipation setups
52:00 Going through charts
54:30 Dollar Breakout Setup
57:20 PCF Scan Codes
59:30 Weak structure, shorting setup
1:01:25 TTT, Tight action for 3 days.
1:03:00 Does Pradeep look at intraday charts?
1:04:18 3 Buckets , Stock Selection
1:05:00 Bucket 0
1:07:00 Bucket 1
1:15:00 Momentum Burst
1:16:00 Mark Minervini VCP versus Pradeep's Trading
1:17:20 Advice for new traders.
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Music from Absent Mind: / absentinlife
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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
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This is a really great discussion about market structure and price action. I hope you enjoy!
Hi, did pradeep share his indicators with you? I can't make out what they are
One of the best trader interviews I’ve watched. Takeaways: find someone who is successful, model their behavior, and adapt their style to yourself. Question truisms and prove/disprove with original research. Do proper daily preparation and build procedural memory to improve execution efficiency. Constantly evaluate which setups are working in the current market environment and do more of them and less of what isn’t working. So much wisdom in these simple and logical thoughts. Thank you Richard and Pradeep for sharing this!
Thanks for watching!
I never saw a trader who is very frank about his/ her system. He is insanely open about his setup and he tries to give all his wisdom freely throughout this episode. Just love it and big thank you.
Timestamps:
0:00 Intro
0:30 Pradeep's Background and Research
2:20 Marketing MBA, Psychology and Trading
3:28 Procedural Memory
8:00 Researching different Trading Styles
8:18 Dan Zanger's Underwear
10:20 Dollar Move Breakout
10:38 Superperformance Stocks, Post Earnings Announcement Drift
11:00 Earnings Gap up Entry
12:30 Episodic Pivot, When the story changes
13:50 Market Structure. The Physics of the Market
14:20 The Momentum Burst Setup 3-5 Days
14:40 Goldman Sachs Momentum Burst
16:30 SPCE Catalyst, Momentum Burst
17:16 GRWG Episodic Pivot due to earnings
18:00 Kristjan Kullamägi
18:30 most of the big winners for the year are story stocks
19:10 POSH Exhaustion setup
21:11 Trading Tactics to build an edge. Anticipation setup
23:50 How does Pradeep analyze Price and Volume
24:25 2 Lynch criteria
26:20 9 million shares
33:30 Risk Management
34:50 Keeping Risk low through tactics
36:40 Market Conditions, Situational Awareness
40:21 CANSLIM Misconceptions
42:30 Sales growth is the biggest driver of big moves
44:00 Question Assumptions, Do the research
45:00 Leadership skills, Innovation and Creativity
46:05 Adapting styles to changing markets
49:30 Anticipation Setup
51:05 Gap downs after anticipation setups
52:00 Going through charts
54:30 Dollar Breakout Setup
57:20 PCF Scan Codes
59:30 Weak structure, shorting setup
1:01:25 TTT, Tight action for 3 days.
1:03:00 Does Pradeep look at intraday charts?
1:04:18 3 Buckets , Stock Selection
1:05:00 Bucket 0
1:07:00 Bucket 1
1:15:00 Momentum Burst
1:16:00 Mark Minervini VCP versus Pradeep's Trading
1:17:20 Advice for new traders.
This man's Acronym Game 🎯
Haha 100%
This man talks about trading like someone who has been driving a car for decades. "Just turn the wheel at the light to make a right, super simple"
I have learned so much from all these generous successful people that Richard has interviewed. This is indeed the best interview I have watched.
You are an excellent interviewer Mogs. You allow them to talk and dont interrupt. Keep up the good work bruh!
Thanks Dennis!
Absolutely agree, dennis!
Incredible interview.
Pradeep does not look like a Wall Street trader.
Pradeep does not talk like an average successful trader.
Yet, its knowledge about trading is really, really outstanding.
I already knew his fantastic work through his Twitter account. But this interview is a totally different level.
I hope to meet him one day to thank him because he really helped me a lost in the past.
Thanks so much!
Pradeep is such a humble individual with his knowledge on trading
That line about being creative and innovative vs punishing yourself with discipline! Amazing!
Absolutely!
One of the best interviews I've seen yet.
Just when I think I can't find a better interview, Pradeep knocks it out of the park. Fantastic. Will have to go over this one multiple times. Feels like University!
Richard, this is the best interview so far in my opinion. Great content and well structured. Hope you will get Pradeep back for a follow up in the not too distant future.
The clarity of thinking from Pradeep is refreshing. Such a great interview.
This interview with Pradeep a year ago got me hooked onto his videos and blog posts.
I created his scans in MarketSmith and follow his methods.
Thanks
Excellent interview....great concepts given by Pradeep Bonde!
6 minutes in and I am already diggin Pradeeps energy. Thanks for interviewing him.
I just signed up for his service, and let me tell you this guy is off the chain in a good way. Totally transparent, funny, but completely and utterly process driven.
This is the guy that influenced Kristjian Qullamagi and his swing trading strategy. KQ is a HUGE advocate, and it's understandable why.
Richard asked all possible questions that were in my mind. Thank you for that. Kudos to Pradeep for the deep illustration of his trading model. Valuable info even after a year
I love these interviews. This guy doesn't beat around the bush, he goes straight to the point.
Glad to hear that!
Quality trader and quality interview ...
Great interview. I never heard of that procedural memory concept. I’ve been taping my trades for years. I’m going to go back and rewatch all of my trades.
His the man , his own TH-cam channel he explains himself better but if u understand it it’s pure gold
wow, Simply Incredible! Amazing. Pradeep Sir is a legend! Thanks, Richard
Glad you enjoyed it!
Thanks Richard for your efforts in bringing one of the best trading person to help us..& thanks pradeep sir..
Pradeep always bring fresh perspective in trading .
Definitely he was a marketing guy.
@richard Moglen! Thank you for this amazing video ! You are doing great work
Another great interview Richard. Jotted a few notes down. Thanks to you both 🙏
Our pleasure!
Richard - this interview with Pradeep is the most practical and useful interview among all others.
Glad you found it helpful!
Wow so much simplicity n cool factor, rocking that's what I want to be ,work hard understanding setups, study- if not working innovate, very well said don't just follow blindly, don't need to pay for expencive courses ,talk to traders who are willing,it's not easy to find though .only problem is if someone operates only on TC2000 , if I Don't know TC2000 how to write those scans in TOS or any other platform how do I do, but it's worth trying to talk to pradeep n check out, I will try it out, I liked the way he said ppl in his room trade much much more bigger size than the popular traders ,that's remarkable achievement in it's self, peeling profits was great idea.
Definitely the GOAT who has trained so many successful traders including me..Thanks Pradeep
How much did you pay for his teaching?
@@MrAcSP Acess to his website is very cheap, $380 per year... It has thousands of hours of videos showing all strategies, at least 2 daily zoom calls, link for his scans, etc
Re watch. One of the most flexible & versatile traders I know of. He can adapt to all market conditions. Great wizard to study with, especially if markets stay choppy for years to come, lol....
Excellent interview. Invaluable. priceless information.
Glad you enjoyed it!
Yipeeeee! Richard. You finally made this happen.... THANK YOU!!!!! I'm not watching this until after the close today - Awesome!!!!!!!!!!!!
I hope you enjoy it! It's a good one!
Amazing. Thanks for the great interview.
Glad you enjoyed it!
Great Interview. What a very refreshing, no-nonsense approach to the markets Pradeep has. Well done Richard. Another really instructive interview.
Glad you enjoyed it!
Good learning and new perspectives thanks Richard and Pradeep for your valuable time 🙏
Glad you enjoyed it!
Thank you Richard for helping amateur traders like me
This guy comes over as very objective.
One of the best interviews on your channel so far !! Pradeep is a gem of a person. Thanks Richard and Pradeep.
Glad you enjoyed it!
Wonderful interview. It was a pleasure listening to Pradeep. Seems so humble and approachable. Thank you Richard for this amazing interview.
Glad you enjoyed it!
Excellent interview yet again. Pradeep was very insightful and you did a nice job extracting information as well. Nice job!
Glad you enjoyed it!
Thank you for posting this brother!
My pleasure!
Another great interview!👍🙌
Glad you enjoyed it!
Awesome, much thanks!
You're welcome!
Pradeep is a great guy and very knowledgeable. There is a lot of sense in what he is saying and I come back to this interview once in a while. I watched some of his other videos as well and have to congrat you to for the interview. Your questions provided some good structure since Pradeep comes across as a crazy wizard with ideas floating wildy at times :-) Cheers, Ben.
Ha! Thanks ben
Good interview. Straight to the point. I became Pradeep Bonde fan after watching this interview.
Thanks! The whole interview is well worth the watch
wow wow wow....100% true u cant just blindly follow u have to model things around you're style and personality. Thanks Richard that chart was lit!
My pleasure!
Prolific interview ,I'm sure it was not easy getting pradeep on the show,he sort of stays away from attention , big big Thank you Richard 🙏, hopefully u will be getting him back on the show with more scan based discussion.
Thanks for listening!
amazing stuff
thank you wonderful content!
Glad you enjoy it!
Great trader that also knows how to TEACH trading!
Yes indeed!
Love this trader . Very to the point and very methodical
Great to hear!
Hey Richard, amazing podcast once again, I am from India where there are 1.25 billion people but hardly anyone is doing as good a work as you are doing. Keep it up and thanks!!
Thanks!
Amit Singh you should watch vivek bajaj's channel. Elearn markets is doing great job as well. Dont undermine his work. :)
This is really awesome.
Great to hear that!
Great Interview !!
Thanks!
Great job!
Thanks!
dude these videos are absolutely fantastic thanks so much!
Glad you like them!
Loved the interview! @stockbee knows the game perfectly!!! Thank you Pradeep and Richard 💯💯❤️.
Also if possible plan a video with Kristjan also. Nonetheless we have the master himself in this video
Thanks! I hope to have him on in the future
Great interview thanks
Thanks for listening!
Thanx a lot to both of u.....pradip sir will u pls tell that r these tactics work in indian market?
Great interview
Thanks!
this guy is legend
Practice any habit for 21days and it will become a part of your procedural memory.
Fantastic chat, thanks for getting him on. I wish he was in the limelight more
Glad you enjoyed it!
I may be going out on a limb here, but I think he believes procedural memory is important
Best community on the net.....
Was the 150% of account on one stock bought by scaling in or does he do it in one go? Thank you for having him. Quality material as always Richard!
one trade
Amazing
excellent
Nice terminologies
The GOAT.
100%
Incredible interview. Keep up the good work! What is the name of the book that he shared?
Hedge Fund Edge by Mark Boucher
is there any why to find the AFL of the momentum indicator ?
DOUBLE WHISKEY
What was the name of the Hedge Fund manager who wrote the fat book? Mark “Butcher”. Thick Accent, hard to decipher. No Hate Tho! This StockBee fellow is amazing to listen and watch. Love the concepts. Early Bird gets the Worm, Educate Endlessly, Develop Tactics. GOAT!
Thanks Richard.
Thanks, it was by Mark Boucher: amzn.to/33WvQoC
Only around 30 pages in that book are useful. Rest is Macro Economics .
Interesting, non of his scanners depends on technical indicators!
What a legend!
For sure
THE BOSSMAN
@Richard, great interview. He mentioned two people at the end but couldn't catch their names. I think one was Mark Minervini but who was the other one (Christian something)? I am going to have to try his trading style with 3 shares to get the feel and peel profits 1/3 each time.
@Qullamaggie, kristijan Kullamäggie.
@@hahahalol3421 thank you :) I am checking out his style right now. Cheers.
@@onetwelvethousand He's amazing one of the most succesful traders last decade average return of 300% per year last 10 years and he's teaching for free😁♥️
@@onetwelvethousand Kristijan has a discord and twitch channel you can learn from for free. It's a great community. The links are on his blog.
Thanks!
13:40 I wish you asked questions on what he mentioned about EP
How does he anticipate those momentum bursts and get in even before the breakout candle showing?? and does it matter if its downtrending?
Time to get Quallamaggie in this channel!!!
with the 9 million volume, he will buy at any price percentage extension on the day as long as the volume is there? does he put stop at low of day? what about if the 9 m volume doesnt get achived until the end of the day but price is extended past 10% say?
He only uses it for his so called episodic pivot strategy. You can look it up on google.
Love the interview, a little hard to understand, Do I have this correct, he has his market smith templates, he watches them for proper entry points, 3 days tight, consolidation etc, then uses tc2000 for possible 9 million share breakout and buys. Is that the gest of it in simple terms?
No
No - did you not watch the interview ?
what was the name of the trader he mentions in the last part of interview. Kristan kolamadi something ? can you please write down the precise name ?
Kristjan Kullamägi
Take a shot every time this guy says "procedural memory"
Drunk in the first 5 minutes lmao
then try to undersatnd what the hell hes saying
Pradeep was teacher of Qullamaggie, pay attention to the gentleman.
🙏
I am also from India..... And use momentum style of trade.....
What returns do you generate per year?
@@TkSebastian I am new to market... But my average gain is 20% + in each trade....
Hello Umair
If you don't mind can you share the details of screener which works in India, I am currently using chartink but it's been little difficult to replicate Pradeep's TC2000 scanner codes.
Thank You
It seem that Pradeep does not use moving average?
Future interview with Latoya Smith from the profit room?
Will be watching this as soon as I wake up, does this mean Kris will be on soon too?
We've chatter, maybe later in the year
Wake up Jake
Wake up
@@rahuljp54 already watched it ;)
hi richard,
just wondering if you ever had an interview with a successful trader who is an Elliott Wave Practitioner?
It's interesting to know their edge and thought process. :) you might consider. thanks.
I have not just yet but I hope to do so soon.
@@RichardMoglen thanks for the feedback :)
since most of the traders being interviewed are CANSLIM traders.
it's good to have different perspective
Elliott Wave is too subjective and doesn't give you an edge.
@@MrXMasterTrader so you're saying, that's no Elliottician can succeed in trading?
@@mik3923 is there anyone who uses Elliot theory who’s succesful?
Great interview but very confused about his risk management. Did he say he loaded up 150% of his account on FSLY last year? And did he say he puts 65-75% of his account on swing trades? I understand he gets out quickly if things go against him and he peels off on swing trades into strength, but a sudden black swan event could do major damage. The only way that makes any sense to me is if he siphons off trading profits and keeps his trading account a modest-sized so that he always has more to reload if something goes wrong.
When I loaded up FSLY I was already up big for the year. So I risked my profits to make big money. When I put 60% to 75% on swing my stop is not risking 60% . My risk is still less than 2.5% and overnight risk I adjust to 6% . Besides that my size is function of Situational Awareness so I calibrate my risk based on how good or bad conditions are. If you talk to highly profitable traders , they risk big but manage risk by timing entries better and peeling positions. To make big returns size matters.
@@Stockbeevideos thank you for clarifying.
@@Stockbeevideos Thanks for your explanation. The whole picture makes more sense for a successful trader as it looks you are. You are risking profits, you are limiting risk, you have a high-profile analysis of probabilities based on experience (vast study and execution history). Amazing!
He doesn't reveal the things , good storyteller by showing charts without details ... 👍
Hi Richard bring kristjan .. he is great ..
Can we get an interview with Qullamaggie
Oh man... watch TV with my wife or sneak away to watch this interview. Decisions... decisions.
lmao!
Pradep said he buys stock last two minutes of the trading day and he doesn't need stop. But what if a stock gaps down the next day, which happens quite regularly. To me personally momentum burst doesn't work, I have been stopped out too many times to count due to the false breakouts