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the value of hearing real traders talk about their approach to their job vs folks giving their "macro view " is night and day . love these jason keep them coming
Oliver is a very nice guy! I have always enjoyed watching his methodology and strategy of trading in different podcasts. Thank you for bringing him to your podcast, and many thanks to him for sharing his knowledge and experience.
This is why i enjoy shapiro s interview way more than the trader lion ones with Richard. Shapiro bounces off oliver and give his own opinion. It s a real convo between traders. This is how u get the most. Richard is so robotic. Just follows his list of questions, always the same and replies “perfect” to everything
gotta say though, moglen seems like a kind guy with integrity. had to get used to his style as well but after seeing him interact with everbody the same way, from minervini to recent up-and-comers, i've become to respect it.
The real difference is Shapiro has the experience. He gets more out of his guests. Where Richard would go to the next question regardless of what was said, Shapiro would press for a deeper answer. For example, in a recent interview l, he got Williams for elaborate what he meant by having “premium” before technicals will work. Larry has never divulged that bit of information in any interview I’ve seen.
Jason! Really enjoy all your interviews. You always end up asking all the questions the viewer is looking for answers on. Compliments on your par excellence wisdom and style. God bless. All my best to you Sir. #Respect #Grateful
Dear Jason, we like you a lot, your personality seems great, at least though the screens. It caught my ear when you've said your health is not great, i'm here to learn not to teach, and still i fill like i should tell you this. It doesn't matter you didn't train so far, you can always start, and find a method you relate to, it's exactly like trading in a way. To be consistent you need to find your preferred method. I wish you long happy life, thanks for everything.
yes, starting with doing a 10 min. WALK > later 30 min. > later jogging 10 min., later jogging 30 min later sprinting 1 min later sprinting 2 min. , etc etc….
Another good vid from you Jason, could you do a video about when to not follow your systems, when to break the rules? an how to handle missed trades that turn out to be wins if you follow your trading system? How to control your emotions in that situation and is it worth doing that? because I have a hard time fighting my inner controversial, sometimes somehow I know a trade that will end up being lost or won, but my system tells the opposite, and turns out I was right. I did follow my inner thoughts many times in the past and it didn't turn out well, however, my "ego" told me that my discretion would steadily outperformance and complement my system in some ways. Having watched lots of your interview videos and frequently hearing you mention that subject, hope to hear you share more about your opinion in your future vids
NVDA All time highest P/E ratio was on 4/28/2023 @ 144.49 with Stock Price trading at $277.00 Today, 2/11/24, NVDA has P/E Ratio @ 95.24 with Stock Price trading at $721.00
Oliver's book is a great read. It's to the point of his trading style. Not like the hundreds of Fintwit authors that 95% of their books are basic repeative info. And the other 5% is why u should buy their services after the $70 book
Oliver's Price Cycle that he describes in his book is a timely guideline on how one can navigate market turns, establish a hierarchy in relative strength and most importantly find low risk spots to test the ideas when the market and the strategy has a green lights on. There are some valuable lessons in adding to winners, and holding them until the trend breaks but also getting smaller when same setups start to dig a hole in a account. Jason does a great job in summing up the core principles in managing risk and sticking to ones strategy and ignoring all the noise
FYI, I have such confidence in Oliver that I offered him half my net worth, but he declined. Hopefully he changes his mind one day. Bill once asked Gerald Loeb about his 10% stop loss rule and he replied that was the maximum and he would want to be out way before that level.
Just going through your old interviews. Jason, get out and do some walking every day! Start small and build up the distance over time. I lost 30kg in about 1 year from walking 10km 5 days a week (calorie counted and intermittent fasted as well but the walking alone will be really good for your health). You aren’t too old to make this change, even if it has been a 30 year habit of being physically inactive. If you are still unconvinced, go attend a marathon or triathlon and seeing the 70 year olds competing should help with some motivation to get moving. You gotta use it or you’ll lose it!
Don't trade what you don't know. I knew about Nvidia in 2017, I knew they were buying a lot of design software, hiring bunch of people, I went to see the large new campus they were building. It looked they were investing for a decade long expansion. Now that everybody knows about Nvidia and their stock is in stratosphere I wouldn't touch it with a 10ft pole. The rational behavior is over, anything is possible.
During bull market many simple things work great. If you knew 2023 would be a great bull market, you would just bought on Jan 1st and took a vacation for the rest of the year. The problem you only see what happened in the past, you don't know what will happen tomorrow, the market may crash tomorrow and go to hell in handbasket, or seesaw destroying every momentum trader, or make erratic moves throwing everybody out, the past market behavior doesn't predict the future. Taking into account that most trades are automated, the market can move anywhere or nowhere with astonishing speed, even stops may not help you, I had a few cases when my stops were filled at much lower price.
yea i agree, 2023 i view more recovery phase of the market in term of major trend, when a trend has alot of false breakout, the degree of pullback is very big. those really tought for trend followers. they can be stopped out quickly because all these moving averages, MCD, and RSI things. that why risk mangement is key no whatever what style you play. there are alot of downfall trend followers too, it is not pefect system like others. @@ElementaryWatson-oxo
i agree in 2023, we are in more like recovery phase of the cycle where the major trend has alot more false breakouts and degree of pullbacks is big and frequently, things like moving average, MCDC, RSI, trailing stops method can easily stop you out of trades. so there are alot of downfalls on trend following. just like other system, nothing is perfet. and no whatever what style you use, risk mangment is the key. one of the biggest disadvantages or mistakes of trend following is to have too many correlated trades on. when you win , you are hero, when you lose, you feel like shit. i think Oliver did pretty well-handles becaduse he only fous on few trades. not alot. i thinnk this is right and smart thing to do only if you trade equity market only @@ElementaryWatson-oxo
i agree in 2023, we are in more like recovery phase of the cycle where the major trend has alot more false breakouts and degree of pullbacks is big and frequently, things like moving average, MADC, RSI, trailing stops method can easily stop you out of trades. so there are alot of downfalls on trend following. just like other system, nothing is perfet. and no whatever what style you use, risk mangment is the key. one of the biggest disadvantages or mistakes of trend following is to have too many correlated trades on. when you win , you are hero, when you lose, you feel like shit. i think Oliver did pretty well because he only fous on few trades. not alot. i thinnk this is right and smart thing to do if you trade equity market only@@ElementaryWatson-oxo
It's easy to trade any system when the stock is trending. Everything works in retrospect. The problem is that once you formalized your technique and ran it through simulations, long enough periods, various markets you find out that it doesn't work (probably worse than an index). At the same time if you have 1000 random strategies, 100 of them will make money for a year, 10 will make money for 2 years, etc. There are plenty of indicators you can create that look like they are capable of predicting market, but they don't. Saying that there is momentum is incorrect, what you see is that there was a momentum, and that fact predicts nothing about what happens after you place the trade. So do we have successful traders or it's just a law of big numbers? Out of millions of traders there will be thousands beating index for decade, there will be hundreds successfully trading for two decades, there will be a few who were successful for their whole life -- it's just how random numbers work.
reply on our conversation. i agree in 2023, we are in more like recovery phase of the cycle where the major trend has alot more false breakouts and degree of pullbacks is big and frequently, things like moving average, MCDC, RSI, trailing stops method can easily stop you out of trades. so there are alot of downfalls on trend following. just like other system, nothing is perfet. and no whatever what style you use, risk mangment is the key. one of the biggest disadvantages or mistakes of trend following is to have too many correlated trades on. when you win , you are hero, when you lose, you feel like shit. i think Oliver did pretty well-handles becaduse he only fous on few trades. not alot. i thinnk this is right and smart thing to do if you trade equity market only
No system is perfect or can predict anything but the market is more likely to rise than not. Playing the trendy stocks and momentum clearly works for a lot of people.
Enjoyed this video? To support, please Like ❤ and Subscribe 🛎
Want more from Jason? Check out the CMR service ➡ www.crowdedmarketreport.com/?ref=3
Subscribe to our Substack ➡crowdedmarketreport.substack.com/
the value of hearing real traders talk about their approach to their job vs folks giving their "macro view " is night and day . love these jason keep them coming
Oliver is so transparent, have to give it to him .humble and down to eath ❤
I can definitely see the difference between a market wizard and an investing champion. The interview is awesome 👏.
Jason being a trader himself seems to not be afraid to ask real and meaningful questions and knows what questions to ask. This content is invaluable!
Thank you!
Great interview and you know it when an hour of it feels like 10 minutes. Especially w a great Philly trader down to earth. 🦅
Oliver is a very nice guy! I have always enjoyed watching his methodology and strategy of trading in different podcasts. Thank you for bringing him to your podcast, and many thanks to him for sharing his knowledge and experience.
Agree. Oliver is a great. Really enjoyed this interview.
I love this interview. Watched it twice. Thanks Jason and Oliver for sharing your experiences.
Two of my favorite traders in one video. Thank you for the wisdom shared! Many golden nuggets here worth taking down / rewatching
This is why i enjoy shapiro s interview way more than the trader lion ones with Richard. Shapiro bounces off oliver and give his own opinion. It s a real convo between traders. This is how u get the most. Richard is so robotic. Just follows his list of questions, always the same and replies “perfect” to everything
Yeah this is the first I've seen an interview with a trader that seemed spontaneous and genuine in that way
gotta say though, moglen seems like a kind guy with integrity. had to get used to his style as well but after seeing him interact with everbody the same way, from minervini to recent up-and-comers, i've become to respect it.
@@ab0506x i agree. I like richard. He s a nice guy. But his interviews r slightly boring in the sense that he s robotic in his questioning
@@gf5050 yeah i hear you
The real difference is Shapiro has the experience. He gets more out of his guests. Where Richard would go to the next question regardless of what was said, Shapiro would press for a deeper answer. For example, in a recent interview l, he got Williams for elaborate what he meant by having “premium” before technicals will work. Larry has never divulged that bit of information in any interview I’ve seen.
I really appreciate the content you've been producing, and this interview with Oliver knocks it out of the park! Thanks, Jason!
Oliver Kell is a gem
Jason! Really enjoy all your interviews. You always end up asking all the questions the viewer is looking for answers on. Compliments on your par excellence wisdom and style. God bless. All my best to you Sir. #Respect #Grateful
Quality conversation and insights once again, thank you both
Brilliant interview, thank you Jason... your one of the few genuine guys that can be trusted in this fishy industry
Two intelligent investors. Not usual to see two winners speaking. Thanks for the video
Dear Jason, we like you a lot, your personality seems great, at least though the screens.
It caught my ear when you've said your health is not great, i'm here to learn not to teach, and still i fill like i should tell you this.
It doesn't matter you didn't train so far, you can always start, and find a method you relate to, it's exactly like trading in a way.
To be consistent you need to find your preferred method.
I wish you long happy life, thanks for everything.
yes, starting with doing a 10 min. WALK > later 30 min. > later jogging 10 min., later jogging 30 min later sprinting 1 min later sprinting 2 min. , etc etc….
Great talk. It’s good to hear how different people find their edge. Thank you both.
Thanks, both of you, great conversation!
Fantastic interview. Many lessons to be learned. Thank you both.
Thank you both for your thoughts 🙏
Would be nice if you showed us charts while you were talking about the stocks. lol
Great podcast, got the trade the trader insight, now I have to rethink all the obvious patterns. Cheers.
Man Iove Oliver's demeanor. I need to learn that! He has so much respect for the power of the market (good and bad times).
Hey, thanks for doing that interview. Good job!
Excellent talk thank you so much for posting this
Great interview! Thank you...and 50 is the "new" 30!!!!
Awesome interview, so much value and insights
Another good vid from you Jason, could you do a video about when to not follow your systems, when to break the rules? an how to handle missed trades that turn out to be wins if you follow your trading system? How to control your emotions in that situation and is it worth doing that? because I have a hard time fighting my inner controversial, sometimes somehow I know a trade that will end up being lost or won, but my system tells the opposite, and turns out I was right. I did follow my inner thoughts many times in the past and it didn't turn out well, however, my "ego" told me that my discretion would steadily outperformance and complement my system in some ways.
Having watched lots of your interview videos and frequently hearing you mention that subject, hope to hear you share more about your opinion in your future vids
Fabulous discussion, thank you ❤
NVDA
All time highest P/E ratio was on 4/28/2023 @ 144.49 with Stock Price trading at $277.00
Today, 2/11/24, NVDA has P/E Ratio @ 95.24 with Stock Price trading at $721.00
good interview. Great questions
Thank you so much. 👍🙏
Oliver's book is a great read. It's to the point of his trading style. Not like the hundreds of Fintwit authors that 95% of their books are basic repeative info. And the other 5% is why u should buy their services after the $70 book
Oliver's Price Cycle that he describes in his book is a timely guideline on how one can navigate market turns, establish a hierarchy in relative strength and most importantly find low risk spots to test the ideas when the market and the strategy has a green lights on. There are some valuable lessons in adding to winners, and holding them until the trend breaks but also getting smaller when same setups start to dig a hole in a account. Jason does a great job in summing up the core principles in managing risk and sticking to ones strategy and ignoring all the noise
Oliver’s great!! The way he says yeh is 😂😂😂
Jason, 56 is a young man and not too late to start getting fit! Start small and build up gradually.
FYI, I have such confidence in Oliver that I offered him half my net worth, but he declined. Hopefully he changes his mind one day.
Bill once asked Gerald Loeb about his 10% stop loss rule and he replied that was the maximum and he would want to be out way before that level.
Nice video interview of a trader by another experienced trader. It would have better if Oliver shared his screen.
cool interview
Good stuff thanks
Just going through your old interviews. Jason, get out and do some walking every day! Start small and build up the distance over time. I lost 30kg in about 1 year from walking 10km 5 days a week (calorie counted and intermittent fasted as well but the walking alone will be really good for your health). You aren’t too old to make this change, even if it has been a 30 year habit of being physically inactive. If you are still unconvinced, go attend a marathon or triathlon and seeing the 70 year olds competing should help with some motivation to get moving. You gotta use it or you’ll lose it!
Jason is an easy guy to like
Quality
please let the vidoes to go on full screen rather than being in small square frame. at least most of the video duration.
why 65m timeframe for candle?
Yeah
I was copy-trading a guy and he shorted nvidia. I closed the copy. Never mess with nvidia :)
Don't trade what you don't know. I knew about Nvidia in 2017, I knew they were buying a lot of design software, hiring bunch of people, I went to see the large new campus they were building. It looked they were investing for a decade long expansion. Now that everybody knows about Nvidia and their stock is in stratosphere I wouldn't touch it with a 10ft pole. The rational behavior is over, anything is possible.
what is the trick with 65 minutes chart?
even amount of bars in a day
During bull market, trend trading works really well, expansion phase of the cycle
During bull market many simple things work great. If you knew 2023 would be a great bull market, you would just bought on Jan 1st and took a vacation for the rest of the year. The problem you only see what happened in the past, you don't know what will happen tomorrow, the market may crash tomorrow and go to hell in handbasket, or seesaw destroying every momentum trader, or make erratic moves throwing everybody out, the past market behavior doesn't predict the future. Taking into account that most trades are automated, the market can move anywhere or nowhere with astonishing speed, even stops may not help you, I had a few cases when my stops were filled at much lower price.
yea i agree, 2023 i view more recovery phase of the market in term of major trend, when a trend has alot of false breakout, the degree of pullback is very big. those really tought for trend followers. they can be stopped out quickly because all these moving averages, MCD, and RSI things. that why risk mangement is key no whatever what style you play. there are alot of downfall trend followers too, it is not pefect system like others.
@@ElementaryWatson-oxo
i agree in 2023, we are in more like recovery phase of the cycle where the major trend has alot more false breakouts and degree of pullbacks is big and frequently, things like moving average, MCDC, RSI, trailing stops method can easily stop you out of trades. so there are alot of downfalls on trend following. just like other system, nothing is perfet. and no whatever what style you use, risk mangment is the key. one of the biggest disadvantages or mistakes of trend following is to have too many correlated trades on. when you win , you are hero, when you lose, you feel like shit. i think Oliver did pretty well-handles becaduse he only fous on few trades. not alot. i thinnk this is right and smart thing to do only if you trade equity market only @@ElementaryWatson-oxo
i agree in 2023, we are in more like recovery phase of the cycle where the major trend has alot more false breakouts and degree of pullbacks is big and frequently, things like moving average, MADC, RSI, trailing stops method can easily stop you out of trades. so there are alot of downfalls on trend following. just like other system, nothing is perfet. and no whatever what style you use, risk mangment is the key. one of the biggest disadvantages or mistakes of trend following is to have too many correlated trades on. when you win , you are hero, when you lose, you feel like shit. i think Oliver did pretty well because he only fous on few trades. not alot. i thinnk this is right and smart thing to do if you trade equity market only@@ElementaryWatson-oxo
What books influenced you most? U mentioned william o Neal
Market Wizards series
Oliver has a page on his website with all the books he recommends. Search kelltrading book recs
Johnson Lisa Hernandez Mary Jackson Donald
The returns this trader was able to achieve on such a simple strategy makes other strategies look stupid in comparison.
Simple strategy, amazing execution. Also, very humble.
It's easy to trade any system when the stock is trending. Everything works in retrospect. The problem is that once you formalized your technique and ran it through simulations, long enough periods, various markets you find out that it doesn't work (probably worse than an index). At the same time if you have 1000 random strategies, 100 of them will make money for a year, 10 will make money for 2 years, etc. There are plenty of indicators you can create that look like they are capable of predicting market, but they don't. Saying that there is momentum is incorrect, what you see is that there was a momentum, and that fact predicts nothing about what happens after you place the trade.
So do we have successful traders or it's just a law of big numbers? Out of millions of traders there will be thousands beating index for decade, there will be hundreds successfully trading for two decades, there will be a few who were successful for their whole life -- it's just how random numbers work.
reply on our conversation. i agree in 2023, we are in more like recovery phase of the cycle where the major trend has alot more false breakouts and degree of pullbacks is big and frequently, things like moving average, MCDC, RSI, trailing stops method can easily stop you out of trades. so there are alot of downfalls on trend following. just like other system, nothing is perfet. and no whatever what style you use, risk mangment is the key. one of the biggest disadvantages or mistakes of trend following is to have too many correlated trades on. when you win , you are hero, when you lose, you feel like shit. i think Oliver did pretty well-handles becaduse he only fous on few trades. not alot. i thinnk this is right and smart thing to do if you trade equity market only
yea , i agree. i personally dun use any indiactors, i trade straight from chart and volume.
I have formulated the roaring wave theory and it has taken me go from hobo to CEO. Im a self-made millionaire.
@@billwalton4571 you are self-made bot 😂
No system is perfect or can predict anything but the market is more likely to rise than not. Playing the trendy stocks and momentum clearly works for a lot of people.
Anyone think Jason sounds like Kiefer Sutherland?
Is oliver drunk
What a silly comment.
@@crowdedmarketreport lol
No but you’re an a-hole Roman
@@crowdedmarketreportit's not silly. He looks & sounds drunk.
He always sounds like that lol