Master Oliver Kell's Price Cycle: https://traderlion.com/RYT-PCM
Welcome back to the Market Chat. Oliver Kell is is a professional trader and the 2020 US Investing Champion with an incredible return of 941%. In this interview we discuss Oliver's Background, his current trading strategy and many of his trades in 2020 which yielded this incredible performance.
2020 US Investing Results, Congrats to All: https://financial-competitions.com/?gclid=Cj0KCQiA0fr_BRDaARIsAABw4Es2C_6YI7PjWftpDBTw-QUPBhGbeKaG-Dy37VXHqc7PsQlZrfXDPYcaAmn0EALw_wcB
This is the video to watch if you want to bring your technical analysis skills to the next level.
Check out Oliver on twitter:
https://twitter.com/1charts6
Have a good one!
-Richard
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Timestamps
0:00 Intro
0:18 Oliver’s Trading Background
2:00 Modern Day Bucket Shop
3:20 Hedge Fund Experience-International Arbitrage
4:20 Trader Florida
5:08 Tickermonkey Group
5:30 You have to trade to learn
7:28 Entering the US Investing Championship
8:00 What books does Oliver Recommend
8:40 Reminisces Of a Stock Market Operator, How to Trade in Stocks
8:55 How I Made 2 Million Dollars in the Stock Market Darvas
9:36 How to Make Money In Stocks
10:20 Market Wizards Jack Schwager
10:40 What Tools and Resources do you use every day to trade and track stocks?
11:58 Chart Layout and Watchlist Workflow
13:40 SFIX from Focus List
14:00 Walking through the 2020 Year and Market Conditions, Going to cash in February
14:45 First Mistake of the Year.
15:47 Trading the March Bottom
16:25 Follow Through Day, TSLA
16:55 Base and Break
17:10 Wedge Pop
17:30 Reversal Extension
18:00 Dealing with the September Correction
20:45 Trading around the Election - Catalysts
22:00 Paying Less Attention to the Indexes- Big Caps Influence
23:07 What was it like competing in the US Investing Championship?
24:00 Dealing with a large Drawdown during the year. Mental Reset
25:50 How does this year compare to your usual performance?
26:52 How does Oliver Classify his trading
27:15 Half Core position trades half swing trades
28:20 How much of your trading style is Technicals versus Fundamentals?
29:00 Getting to know the Story behind the stock- Getting Ideas from Friends and Family
30:20 How do you find stocks to trade. Post Earnings Bull Flags, Large Base Breakouts
32:20 Plug- Solar Theme
32:55 Price Action Analysis - 4 Main Patterns
33:40 TSLA Example
34:46 Reversal Extension
35:10 Looking at TSLA in context- Large Base
35:40 Confluence with 200 Day MA
36:00 Reversal Extension Setup and Target
36:25 TSLA Wedge Pop
36:45 TSLA EMA Crossback
38:00 Watch for Large Bases
38:20 Base and Break
40:20 Watch for Gap Ups. Big Gaps mean the street was caught off guard
42:00 FSLY Stock Analysis
45:22 LVGO Stock Analysis -Clear Relative Strength
47:21 Buying Back a position after getting stopped out on a Reversal
49:50 NET Stock Analysis
52:15 How to identify Stocks showing Relative Strength
55:00 How to buy Pullbacks
56:40 CRWD Stock Analysis- Building a Position
57:15 FUBO Stock Analysis
59:00 How to judge if a stock is extended
1:01:00 How to Manage Position Sizes
1:03:10 Stop Loss Management, Breakout Bars
1:05:00 Reconfirming, CRWD Example
1:07:50 Watching Extension on Multiple Timeframes
1:08:55 Do you sell new trades at the close if they are red the first day
1:10:05 How do you analyze Volume along with price action
1:14:03 how do you manage your overall portfolio
1:15:00 What are some stocks you are watching/own now?
1:15:30 TDOC Stock Analysis- Checking Multiple Timeframes
1:18:30 JMIA Stock Analysis
1:21:20 Checking Monthly,Weekly, and Daily timeframes
1:23:05 BLNK Swing trade analysis
1:27:00 Advice for new traders
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Music from Absent Mind: https://soundcloud.com/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