Brian Shannon - Swing trading stocks using multiple time-frames | Smarter Trading EP009
ฝัง
- เผยแพร่เมื่อ 28 พ.ค. 2024
- This episode is sponsored by Investor's Business Daily. Smarter Trading podcast listeners can get their first 2 months of IBD Digital, a subscription service to IBD’s proprietary market analysis and top trade ideas for only $20 by signing up at www.investors.com/evan.
-----
Hello everybody, our guest today is Brian Shannon of Alphatrends.net. Brian started his professional investing career in 1991 as a retail stock broker and then quickly moved on to follow his true passion of trading, in 1994, which he continues to do full-time to this day.
Brian holds a CMT designation and is the author of the classic trading book: Technical Analysis Using Multiple Timeframes.
In this episode Brian reveals all of the details of his swing trading framework which he’s been perfecting for decades. He shares how he uses multiple time-frames, how he gets precise entries, and manages risk.
We then move on to talk about VWAP, common pitfalls he sees traders make, how he sets himself up to anticipate the market, staying objective, and a whole lot more.
Brian is literally a fountain of wisdom throughout this entire episode sharing quote after quote of trading truths and lessons.
Please enjoy this episode with Brian Shannon.
-----
EPISODE SHOW NOTES & BLOG POST
www.thetraderisk.com/brian-sh...
WHERE TO FIND BRIAN
Twitter: / alphatrends
Website: www.alphatrends.net/
Stocktwits: www.stocktwits.com/alphatrends
TH-cam: / alphatrends
WHAT YOU'LL LEARN IN THIS EPISODE
0:00 Introduction
4:10 Brian Shannon's early education and inspirations
9:15 Only price pays & why technicals and trend are so important
13:10 Brian's Swing trading framework
18:32 Anchored VWAP (volume weighted average price)
24:55 Impact of broad market SPY & QQQ influence
30:55 How Brian finds and selects trade opportunities
39:55 Trading other strategies and timeframes
43:10 Bad trading days and when things aren't going well
46:55 Common mistakes traders run into
49:20 "Buy the dip" & "this time is different"
52:58 Brian's new book and parting advice to traders
LEARN MORE & CONNECT WITH US
►Weekly Newsletter: www.theTradeRisk.com/trading-...
►Trading Systems: www.theTradeRisk.com/trading-...
►TC2000 Stock Scans: www.thetraderisk.com/tc2000-e...
►TR150 Watchlist: www.thetraderisk.com/product/...
►Subscribe TH-cam: bit.ly/TH-camTTR
►Follow Twitter: / evanmedeiros
THANK YOU FOR WATCHING!
This video is intended for informational and educational purposes only and does not constitute investment advice. The Trade Risk LLC is not an investment advisory service, registered financial advisor, or registered broker-dealer. The risk of trading in securities markets can be substantial. The Trade Risk and guests may hold positions in the securities discussed in this video. All opinions expressed by guests are solely their own opinions and do not reflect the opinion of Evan or the Trade Risk. You are responsible for your own financial decisions. Please review The Trade Risk’s disclaimer www.TheTradeRisk.com/disclaim... which applies to the contents of this video.
#TradeRisk #SmarterTrading #TradingPodcast
It was so great chatting with Brian Shannon for this episode. It clearly shows just how long he's been fine tuning his swing trading. What were your takeaways? Any notes that you came away with? Leave a comment below 👇
This is a great interview. You let Brian Shannon speak and complete this thoughts without having to jump in on him or add your own opinions etc - this is how an interview should be done. Thank you for this. Brian has a wealth of knowledge and seems very down to earth.
Thanks a lot for the nice comment, glad you enjoyed!
Along with 'Only price pays' he should say 'Bottom pickers get smelly fingers' :) I like that one.
Brian all day
Evan, I love the way you interview 👍Thank you, Brian for sharing your knowledge so generously.
Very kind, thank you and glad you enjoyed! Brian makes the interviewing easy.
@@TradeRisk You both were on the same wavelength. You actually had a conversation with each other versus following a checklist of questions. Well done, Evan!
Thank you to both of you. Listening to your end of week videos is part of my weekend routine. Your experience shines through, they provide education, market context and keep me grounded. Thank you.
So great to hear, thanks Noel!
Simply outstanding... ocean of pure knowledge..no nonsense
Brian is great! Glad you enjoyed.
Excellent content! Thanks Mr. Shannon for sharing your knowledge.
Wonderful video.
Thank you Sandeep!
Totally agree on the dip buy mantra everyone seems to think is a 100% winning rule. It's just martingale strategy because it eventually turns into averaging down a loss.
How do you start as a novice?
We have an education and learning center page on our website to learn for free: www.thetraderisk.com/education/ and if you visit Brian's website you will find courses, memberships, and books that he has written.
Another well known trader likes to say that most traders are "degenerate gamblers", and even more so with the rise of robin hooders during covid.