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Discover the weekly trading strategy that helped Nick Schmidt achieve a 120% average gain per trade while keeping losses under 8%. In this deep dive, Nick explains why he avoids daily charts, how he identifies major trend changes, and why patience is the key to success.
Key Topics Covered:
✅ How Nick Schmidt transitioned to weekly charts for fewer, higher-quality trades
✅ Position sizing & risk management: How to maximize winners and cut losers
✅ Case studies on ON, SMCI, and AP: Identifying trend shifts and breakout setups
✅ The “Up on Volume” scan: How to find stocks before big moves
✅ Why focusing on industry strength can improve your stock selection
If you want to trade less, stress less, and profit more, this session is packed with insights!
Enjoy!
- The TraderLion Team
Timestamps:
00:00 – Why patience is key in trading & reducing pressure
01:11 – Nick Schmidt’s background & transition to weekly charts
02:44 – First trade: Penny stock luck & early trading struggles
06:06 – The evolution of Nick’s trading strategy & timeframes
10:21 – Meeting Ry & Ross, and learning structured trading
15:06 – Key lessons from Ross: Avoiding intraday shakeouts
18:36 – Risk/reward breakdown: 120% avg gain vs. 8% avg loss
21:45 – Case study: On Semiconductor (ON) trend change setup
26:45 – Managing risk & stops for long-term trades
30:21 – Selling strategies: When to exit winning trades
31:30 – Case study: SMCI breakout & trend continuation
38:45 – Position sizing: How big should your trades be?
41:45 – Case study: AP trade setup & execution
51:55 – How to find trade ideas using the “Up on Volume” scan
55:23 – Reading market health through volume & sector trends
59:35 – The importance of strong industry groups in stock selection
01:07:39 – Why weekly charts reduce stress & improve decision-making
01:12:48 – Final advice: Master risk management & focus on your edge
#trading #stocks #investing