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Most traders chase breakouts—but few know how to consistently profit from pullbacks. In this in-depth session, veteran trader and money manager Charles Harris reveals his complete framework for trading high-conviction pullbacks. From using moving averages to identifying key support zones, Charles shows how to build positions with lower risk and tighter control, even in volatile names.
This session covers multiple real-world examples—including Skyworks, Lululemon, Pinduoduo, Tesla, and UPST—and explains how to scale in using reverse pyramiding, time entries with or without confirmation, and manage trades around news, earnings, or shakeouts.
🔍 What You’ll Learn in This Video:
✅ The exact criteria Charles uses to buy into weakness with conviction
✅ How to use the 10-, 21-, and 50-day MAs for pullback entries
✅ 3 distinct pullback entry styles and how to choose between them
✅ When to stop buying dips and how to read your equity curve for signals
✅ How to trade around a core position and let big winners ride
If you’ve ever felt uncomfortable chasing highs or want a more patient, risk-managed way to swing trade, this video gives you a complete blueprint for mastering the pullback setup.
00:00–Intro: Meet Charles Harris and the philosophy behind buying pullbacks
03:00–Why buying weakness fits certain trader personalities better than breakouts
06:05–Rules for buying pullbacks: Uptrend required, conviction, and liquidity
10:29–Traditional breakout vs. pullback strategy explained
14:19–Advantages of buying pullbacks: Lower cost basis, less competition
19:16–Case studies: Skyworks, Lululemon, Coupang – combining early entries and add-ons
26:22–Key moving averages: Using the 10-, 21-, and 50-day to manage trades
30:53–Using past support: Top of prior bases and consolidation zones
36:44–Managing shakeouts: Waiting for confirmation vs. anticipating bounces
41:03–Support zones without upside reversals: When to be cautious
43:48–Buying without a reversal: Risks, timing, and expectations
51:23–Three entry approaches: On the way down, at support, or on bounce
56:19–Reverse pyramiding: How to scale in gradually and manage risk
59:59–Pinduoduo example: How to re-enter on weakness with a plan
01:03:37–Upside reversal vs. breakout: When to trust the signal
01:09:16–Position sizing & context: Adding pullbacks to a core position
01:13:53–When to stop buying pullbacks: Signals from market and your win rate
01:17:56–Tesla as a long-term hold: Treating special names differently
01:25:05–UPST example: High conviction, volatile pullback, and managing around lockups
01:36:31–SBLK example: Transitioning to value/reopening plays with conviction
01:39:54–Selling strength vs. buying weakness: Which is harder to master
01:42:56–The hybrid approach: Trading around a core and letting big winners run
Enjoy!
- The TL Team
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